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  • Estimates show India’s smartphone market to grow up to 8% this year

    India's smartphone market estimated to grow 7-8 pc this year

    IANS

    India’s smartphone market is estimated to grow 7-8 per cent this year, driven by strong demand for premium, 5G and AI smartphones, according to a new report.

    The mobile handset market in India is expected to maintain steady growth.

    “As brands focus on bridging technology gaps and introducing affordable 5G devices, the competition will likely intensify. The new wave of AI-capable devices will continue to fuel consumer preferences in the coming quarters,” said Pankaj Jadli, Analyst-Industry Intelligence Group (IIG), CyberMedia Research (CMR).

    In Q3, India smartphone market grew 3 per cent despite global economic challenges.

    The consumer demand in India remains robust, driven by an increase in mid-range and premium smartphone preferences. The 5G smartphone shipments share increased to 82 per cent, marking a notable 49 per cent YoY growth.

    India’s smartphone market estimated to grow 7-8 pc this year

    IANS

    Vivo led the 5G smartphone market with a 18 per cent market share, followed by Samsung at 17 per cent during the quarter.

    According to Menka Kumari, Analyst-Industry Intelligence Group, CMR, India’s smartphone market is demonstrating remarkable adaptability, with consumer preferences increasingly focused on 5G adoption and premium features.

    The continued growth of 5G smartphones, coupled with strong demand in the Rs 10,000 to Rs 13,000 price band, signals a growing consumer base for high-performance devices at accessible price points.

    Additionally, the premiumisation wave continues to stay strong, with the premium segment (above Rs 25,000) witnessing a 26 per cent YoY growth, said Kumari.

    Apple marked a notable increase, with shipments rising 27 per cent. • Nothing has experienced impressive growth of approximately 646%= per cent.

    The feature phone market in India saw a 14 per cent decline in Q3, primarily driven by a significant 46 per cent drop in 4G feature phone shipments, said the report.

    (With inpurs from IANS)

  • Indian stock market remains on consolidation path, DIIs absorb heavy selling

    Sensex snaps five-day losing streak, Nifty closes above 24,300

    Indian stock market remains on consolidation path, DIIs absorb heavy sellingIANS

    The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).

    This broad-based correction is particularly evident in sectors with excessive valuations, according to experts.

    However, despite the massive FII selling, the stock market is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high-net-worth individuals (HNIs).

    DIIs have been a strong buyer absorbing the selling and mitigating the fall. They infused more than Rs 1 lakh crore in Indian equities in October, keeping the stock market healthy compared to its global peers.

    On the other hand, the recent rebound in India’s domestic manufacturing activity is a positive sign.

    “This year, government spending is expected to be back ended due to general elections this year, so there is a leading expectation of improved corporate earnings in H2 FY25,” said market watchers.

    The festive season in Q3 is likely to revive consumption, which should support market sentiment and will aid find a floor in the near future.

    On the global front, the return of Trump has reduced political uncertainty, providing relief to global markets. The Fed’s 25 bps interest rate cut also offers some support.

    Market outlook: Futures and options expiry, FII data and global cues key factors next week

    DIIs have been a strong buyer absorbing the selling and mitigating the fallIANS

    After the massive FII selling of Rs 113,858 crore in October, FIIs have so far sold equity for Rs 19,849 crore in the cash market this month.

    Experts said that the FII selling trend is likely to continue in the near-term till data indicate the possibility of a trend reversal.

    On Friday, the Indian stock market closed flat. Sensex slipped 55.47 points, or 0.07 per cent, to 79,486.32. Nifty fell 51.15 points, or 0.21 per cent, to 24,148.20.

    According to Deepak Jasani, Head of Retail Research at HDFC Securities, Nifty extended losses to a second session after a range bound zigzag move.

    “The short-term trend of Nifty continues to be choppy, and this consolidation is likely to continue in the near term with a weak bias. The next lower supports to be watched around 23,800 levels. Immediate resistance is placed at 24,537 levels,” he mentioned.

    (With inputs from IANS)

  • As FIIs on selling spree, DIIs step in to absorb; Indian stock market remains on consolidation path

    Sensex sheds over 900 points, all eyes on US election and Fed data

    Sensex

    The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).

    This broad-based correction is particularly evident in sectors with excessive valuations, according to experts. Despite the massive FII selling, the stock market is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high-net-worth individuals (HNIs).

    DIIs have been a strong buyer absorbing the selling and mitigating the fall. They infused more than Rs 1 lakh crore in Indian equities in October, keeping the stock market healthy compared to its global peers. On the other hand, the recent rebound in India’s domestic manufacturing activity is a positive sign.

    “This year, government spending is expected to be back ended due to general elections this year, so there is a leading expectation of improved corporate earnings in H2 FY25,” said market watchers. The festive season in Q3 is likely to revive consumption, which should support market sentiment and will aid find a floor in the near future.

    On the global front, the return of Trump has reduced political uncertainty, providing relief to global markets. The Fed’s 25 bps interest rate cut also offers some support. After the massive FII selling of Rs 113,858 crore in October, FIIs have so far sold equity for Rs 19,849 crore in the cash market this month.

    Sensex snaps five-day losing streak, Nifty closes above 24,300

    Experts said that the FII selling trend is likely to continue in the near-term till data indicate the possibility of a trend reversal. On Friday, the Indian stock market closed flat. Sensex slipped 55.47 points, or 0.07 per cent, to 79,486.32.

    Nifty fell 51.15 points, or 0.21 per cent, to 24,148.20. According to Deepak Jasani, Head of Retail Research at HDFC Securities, Nifty extended losses to a second session after a range bound zigzag move.

    “The short-term trend of Nifty continues to be choppy, and this consolidation is likely to continue in the near term with a weak bias. The next lower supports to be watched around 23,800 levels. Immediate resistance is placed at 24,537 levels,” he mentioned.

    (With inputs from IANS)

  • Indian stock market ends flat, Nifty below 24,150

    IANS

    The Indian stock market closed flat on Friday as selling was seen in the auto, PSU bank, financial service, metal, and realty sectors at the end of trading.

    Sensex slipped 55.47 points, or 0.07 per cent, to 79,486.32.

    On the other hand, Nifty fell 51.15 points, or 0.21 per cent, to 24,148.20.

    Nifty Bank fell 355.30 points or 0.68 per cent to 51,561.20. Nifty Midcap 100 index closed at 56,352.00 at the end of trading after falling 757.15 points or 1.33 per cent. The Nifty Smallcap 100 index closed at 18,445.60 after falling 318.25 points or 1.70 per cent.

    The realty, energy, and media sectors of Nifty fell by more than 2 per cent. Apart from this, selling was seen in auto, PSU bank, financial service, metal, private bank and infra sector.

    IANS

    Asian Paints, Tata Steel, SBI, Tata Motors, Reliance, NTPC, ICICI Bank and Bharti Airtel were the top losers in the Sensex pack. At the same time, M&M, Titan, Tech Mahindra, Nestle India, and Infosys were the top gainers.

    On the Bombay Stock Exchange (BSE), 1,397 stocks were trading in green, 2,574 in red, and there was no change in 93 shares.

    According to market experts, consolidation continued in the market as investors stayed cautious due to disappointment in earnings and the flight of FIIs. The US Fed continued its rate-cutting cycle to stimulate the economy and is expecting a similar 25-bps rate cut in the December policy meet amid moderation in inflation, they said. They further added that inflation in India is projected to rise in October and the strong US dollar will force the RBI to keep rates on hold in the near future.

    (With inputs from IANS)

    Related

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    • Sensex sheds 849 points ahead of key US Fed meet

  • Adani Group stocks surge, add Rs 54,381 cr in market cap

    Adani Enterprises

    IANS

    The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors’ kitty.

    The market cap of Adani Group companies rose to Rs 16 lakh crore.

    Shares of Adani Group companies gained, while the NSE Nifty 50 recorded the best session since September 20 and the BSE Sensex since October 28. The Nifty 50 ended 270.75 points or 1.12 per cent higher at 24,484.05, and the Sensex closed 901.50 points or 1.13 per cent up at 80,378.13.

    Earlier on Wednesday, Adani Energy Solutions rose 7.48 per cent to Rs 1,090.95 apiece, while Adani Green Energy rose as much as 5.46 per cent to Rs 1,733.95 per share. This comes after Nuvama’s forecast that Adani Energy Solutions could be added to the MSCI index in the November rejig. Adani Enterprises Ltd. also rose 5.3 per cent to Rs 3,070 per share and closed 4.48 per cent higher. The share in the last one year has risen 35.63 per cent.

    Adani

    IANS

    Adani Ports and Special Economic Zone Ltd. rose as much as 3.96 per cent to Rs 1,328, while Adani Total Gas Ltd. rose 4.15 per cent. Both stocks closed 3.06 per cent and 2.8 per cent higher respectively.

    Adani Power Ltd. also saw a 3.9 per cent surge to pare gains and closed 2.13 per cent higher at Rs 616.30. The share in the last one year has risen 56.42 per cent. ACC Ltd. and Ambuja Cements Ltd. closed nearly over 2 per cent higher at Rs 2,359.55 and Rs 582.65 apiece respectively.

    Sanghi Industries Ltd. and Adani Wilmar Ltd. were trading flat and closed 0.67 per cent and 0.37 per cent higher respectively.

    (With inputs from IANS)

  • Indian stock market agrees with Trump win, Sensex surges 901 points

    Indian stock market hails Trump win, Sensex surges 901 points

    IANS

    The Indian benchmark indices on Wednesday welcomed Donald Trump’s convincing victory in the US presidential elections as both Sensex and Nifty gained more than 1 per cent amid heavy buying in the IT sector.

    The Sensex closed at 80,378.13, up 901.50 points or 1.13 per cent.

    On the other hand, Nifty closed at 24,484 after gaining 270.75 points or 1.12 per cent. The Nifty Bank rose 110.15 points or 0.21 per cent to 52,317.40. The Nifty Midcap 100 index closed at 57,355.80 at the end of trading after gaining 1240.35 points or 2.21 per cent. Nifty Smallcap 100 index closed at 18,906.10 after gaining 402.65 points or 2.18 per cent.

    Buying was seen in Nifty’s auto, IT, PSU bank, financial service, pharma, FMCG, metal, realty, media, and energy sectors. All sectors closed with trading in green.

    Sensex

    IANS

    TCS, HCL Tech, Infosys, Tech Mahindra, Adani Ports, L&T, and Maruti were the top gainers in the Sensex pack. Titan, IndusInd Bank, Hindustan Unilever, Axis Bank, and HDFC Bank were the top losers.

    The market trend remained positive. On the Bombay Stock Exchange (BSE), 3,013 stocks were trading in the green, 961 in the red, and there was no change in 89 shares.

    According to market experts, the global markets experienced a relief rally following the US election results, reducing political uncertainty with Trump securing a strong mandate.

    This has led to strong risk-on sentiments, driven by expectations of tax cuts and increased government spending. The domestic buying was broad-based, with IT leading the charge in anticipation of a rebound in IT spending in the US, they said.

    (With inputs from IANS)

  • EV Charging Market Expected To Touch $3.7 Bn Mark By 2030

    Battery swapping, particularly for two- and three-wheelers, is emerging as a popular solution in India, with major auto companies investing in battery-swapping technologies to make EVs more affordable and accessible

    New Delhi: India’s electric vehicle (EV) charging market is projected to reach $3.7 billion by 2030, led by an increasing adoption of EVs, according to a report on Tuesday.

    Globally, the EV charging infrastructure market is poised to expand significantly, with revenues projected to surge from $25.9 billion in 2023 to $164 billion by 2030, reflecting a compound annual growth rate (CAGR) of approximately 12 per cent.

    In India, the growth is expected at a CAGR of 16 per cent and an increasing adoption of electric vehicles, driven by environmental concerns and fluctuating fuel prices, is a major factor contributing to this growth, according to the report by 1Lattice, a leading tech-enabled market intelligence firm.

    “With India’s EV market set to reach $3.7 billion by 2030, fast-charging technologies and battery-swapping solutions are key to addressing range anxiety and making EV adoption more practical for everyday users,” said Abhishek Maiti, Director-Industrial Goods and Services, 1Lattice. Battery swapping, particularly for two- and three-wheelers, is emerging as a popular solution in India, with major auto companies investing in battery-swapping technologies to make EVs more affordable and accessible.

    Globally, investments in EV charging infrastructure grew at a CAGR of approximately 30 per cent between 2018 and 2023. India has also witnessed strong investment growth, with a CAGR of 35 per cent during the same period, the report noted. As per another report by S&P Global Ratings late last month, the Indian government continues to push for higher EV production in the country and for greater localisation of supply chains, which will be key to help the country reach the target of 30 per cent EV penetration by 2030.

    The government recently launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme that has a financial outlay of Rs 10,900 crore over a period of two years. The PM E-DRIVE scheme will play a pivotal role in accelerating EV adoption and building critical charging infrastructure nationwide, contributing to a cleaner and more sustainable future.

  • India’s EV market sees festive season boost, reversing recent slump

    India’s electric vehicle (EV) market experienced a significant revival in October, thanks to the festive season, reversing a decline that had persisted for the previous two months.

    In October, EV registrations soared to 217,716 units, marking a 35 percent increase from September’s 160,237 units. This figure also sets a new record for the highest monthly sales to date.

    This surge surpassed March’s 213,063 units, which had been bolstered by the final days of the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme, highlighting the robust demand this year.

    According to data from the Ministry of Road Transport and Highways’ Vahan portal, this is the second time in 2024 that monthly EV sales have exceeded 200,000 units, bringing the total EV registrations to over 1.6 million.

    Dominant Segments in the EV Market

    Electric two-wheelers led the market with 954,241 units sold, making up 59 percent of the total EV sales. Electric three-wheelers followed with 568,419 units, accounting for 35 percent. Electric cars lagged significantly with 83,802 units, while buses, trucks, and construction vehicles constituted the remaining 1 percent.

    Festival Deals Drive October Sales Frenzy

    October’s sales boom can be attributed to the festival season, which saw customers eager to purchase new vehicles. Original equipment manufacturers (OEMs) offered significant discounts, and the central government’s PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, launched on October 1, provided further incentives. This Rs 10,900 crore scheme over two years aims to boost growth through subsidies across various EV categories.

    “The combination of incentives, festive spirit, and auspicious timing acted as the spark plug the EV market needed,” said Preetesh Singh, Specialist in CASE and Alternative Powertrains at NRI Consulting & Solutions.

    Electric Two-Wheelers Surge Ahead

    Electric two-wheelers saw a dramatic 50 percent increase in sales, reaching 139,097 units in October, up from 90,372 units in September. Electric three-wheeler sales also rose by 7 percent, with 67,170 units sold in October compared to 62,901 in September.

    Outlook and Challenges Ahead

    Sector experts remain optimistic about the future, crediting continued government support through incentives. However, they caution that the industry must enhance its products and services to sustain growing demand.

    In September, the leading electric two-wheeler manufacturer faced backlash due to thousands of customer complaints about service quality. The Central Consumer Protection Authority issued a notice following over 10,000 complaints, which could affect not only the company in question but the entire segment.

  • How to Market Your Products as Premium Exports

    Mr Gaurav Batra, Manager, Exportersindia.com

    The ‘Made in India’ movement has gained significant momentum in recent years, driven by government initiatives, increased consumer awareness, and a growing emphasis on self-reliance. For Indian exporters, this movement presents a golden opportunity to position their products as premium exports on the global stage. By leveraging the reputation of Indian craftsmanship, cultural heritage, and innovation, exporters can elevate their brand image and cater to the increasing global demand for high-quality, authentic products. Exportersindia.com is a leading B2B portal that serves as a platform for buyers from across the globe to interact with exporters from India for business. Here are some strategies exporters can use to strengthen their relationships with international buyers through B2B marketplaces.

    Understanding the ‘Made in India’ Movement

    The ‘Made in India’ initiative is more than just a label; it represents a shift towards self-sufficiency, promoting domestic manufacturing and indigenous industries. It encourages businesses to source materials locally, support traditional artisans, and foster innovation. This initiative resonates with global consumers who are looking for products that offer cultural authenticity, sustainable sourcing, and quality craftsmanship.

    Why ‘Made in India’ Appeals to Global Markets

    1. Cultural Richness and Authenticity
      Indian products often reflect the country’s diverse culture and heritage, which appeals to international consumers seeking unique and authentic items. From handcrafted textiles to artisanal jewelry, products made in India carry a sense of history and artistry that is hard to replicate elsewhere.
    2. Commitment to Sustainability
      The global market is increasingly valuing eco-friendly products. Indian exporters can tap into this trend by emphasizing traditional, sustainable manufacturing techniques, organic materials, and ethical production practices associated with ‘Made in India’ products.
    3. Quality Craftsmanship and Innovation
      India is known for its skilled artisans and craftsmen who produce goods of exceptional quality. Additionally, the country’s growing technological capabilities and innovative manufacturing processes are positioning Indian products as competitive in quality and design on the global stage.

    Strategies for Marketing ‘Made in India’ Products as Premium Exports

    To successfully market ‘Made in India’ products as premium exports, Indian exporters should adopt strategies that emphasize quality, authenticity, and value:

    1. Highlight Unique Selling Points (USPs)
      Emphasize the features that make the product stand out, such as traditional craftsmanship, cultural significance, or sustainable practices. For example, handwoven textiles from India can be marketed by highlighting the traditional weaving techniques used, which not only showcase the artistry but also support local communities.
    2. Focus on Branding and Storytelling
      Build a compelling brand story that connects the product to India’s rich cultural heritage. Highlighting the origins, craftsmanship, or the story of the artisans behind the product can help create an emotional connection with consumers. Branding should also reflect the quality and premium nature of the product, with elegant packaging, logos, and marketing materials.
    3. Use Certifications and Quality Standards to Build Trust
      Obtaining relevant certifications, such as organic labels, fair trade, or specific quality marks, can help establish the credibility of ‘Made in India’ products in global markets. These certifications assure customers of the product’s quality and ethical sourcing.
    4. Leverage Digital Marketing for Global Reach
      Utilize digital marketing strategies such as social media campaigns, influencer partnerships, and content marketing to promote the premium nature of ‘Made in India’ products. Platforms like Instagram and Pinterest can be particularly effective for showcasing the visual appeal and unique attributes of these items. Targeting niche markets and international online marketplaces can also help reach the right audience.
    5. Participate in International Trade Shows and Exhibitions
      Trade shows are an excellent platform for Indian exporters to showcase their products, network with potential buyers, and build international brand recognition. Exhibitions that focus on premium products, fashion, or home décor can be ideal for promoting ‘Made in India’ items.
    6. Emphasize Sustainable and Ethical Production
      As sustainability becomes a priority for consumers worldwide, promoting ‘Made in India’ products that use eco-friendly materials and ethical production methods can enhance their premium appeal. Highlighting certifications like Fair Trade, organic, or recycled materials can add value to the brand.

    Positioning ‘Made in India’ 

    Positioning products under the ‘Made in India’ banner as premium exports requires a focus on quality and distinctiveness. Here’s how exporters can achieve this:

    1. Price Strategically for a Premium Market
      Premium products often come with higher price tags. Pricing should reflect the quality and uniqueness of the product, while remaining competitive within the target market. Exporters should be mindful of not underpricing their products, as this could undermine their premium status.
    2. Deliver Exceptional Customer Service
      Provide seamless international shipping, clear return policies, and efficient customer support. Premium customers expect a hassle-free shopping experience, and any issues should be resolved promptly to maintain the product’s premium image.
    3. Establish a Strong Online Presence
      A well-designed e-commerce platform that supports multiple languages and currencies can help expand the reach of ‘Made in India’ products. Exporters should also consider creating country-specific websites or distribution channels to cater to regional markets effectively.
    4. Collaborate with Global Retailers
      Partnering with premium international retailers can help ‘Made in India’ products reach high-end consumers. This strategy can also involve placing products in luxury boutiques or specialty stores that cater to customers looking for unique, high-quality items.

    Case Studies of Successful ‘Made in India’ Brands

    1. Fabindia
      Fabindia is a well-known brand that has successfully marketed traditional Indian textiles and handicrafts globally by emphasizing craftsmanship and cultural heritage. The brand focuses on sustainable practices and supports local artisans, appealing to eco-conscious consumers.
    2. Amrut Distilleries
      Amrut Distilleries has put Indian whisky on the world map by emphasizing quality and authenticity. Their premium spirits have gained recognition in international markets due to the unique flavor profiles derived from Indian ingredients.

    Conclusion

    The ‘Made in India’ movement offers Indian exporters an opportunity to position their products as premium exports by embracing the country’s cultural richness, quality craftsmanship, and sustainable practices. By adopting the right marketing strategies, including storytelling, strategic pricing, and leveraging certifications, exporters can build a strong international presence and capitalize on the growing global demand for authentic, high-quality products from India.

    Exporters who embrace the ‘Made in India’ ethos will not only contribute to the country’s economic growth but also establish a legacy of quality and authenticity on the global stage.


    Neel Achary

  • Stock market: Sensex, Nifty ends in red on Diwali, IT stocks bleed

    Market down

    IANS

    The Indian stock market closed in the red on Diwali day as Sensex fell more than 500 points. There was heavy selling in the IT sector.

    Sensex closed at 79,389.06 after falling 553.12 points or 0.69 per cent. At the same time, Nifty closed at 24,205.35 after falling 135.50 points or 0.56 per cent.

    The Nifty Bank fell 332.15 points or 0.64 per cent to 51,475.35. The Nifty Midcap 100 index closed at 56,112.85 after falling 226.40 points or 0.40 per cent at the end of trading.

    The Nifty Smallcap 100 index closed at 18,602.60 after rising 211.70 points or 1.15 per cent.

    Selling was seen in all sectors of Nifty, except pharma, media and energy.

    However, the market trend remained positive.

    Stock Market Dow

    IANS

    On the Bombay Stock Exchange (BSE), 2654 stocks were trading in the green, 1262 in the red. At the same time, 110 stocks closed without any change.

    Tech Mahindra, HCL Tech, TCS, Infosys and Asian Paints were the top losers in the Sensex pack. At the same time, L&T, JSW Steel, Power Grid and Mahindra & Mahindra were the top gainers.

    According to market experts, the Nifty index remained volatile before closing on a negative note.

    On the hourly chart, it encountered resistance around the 21 EMA, leading to a pullback toward 24,200. Sentiment may continue to remain weak as long as Nifty stays below 24,500, with any rise toward this level likely facing selling pressure.

    On the downside, support is placed at 24,000, while resistance levels are seen at 24,500 and 24,750, they said.

    “However, the market expects the momentum to reverse in H2 due to a rebound in core sector data and government spending, which are likely to influence the Samvat 2081 investment strategy,” said market experts.

    (With inputs from IANS)