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Amidst ongoing conflict, Russian President Vladimir Putin discussed potential direct talks with Ukraine with a US envoy, while Donald Trump claimed a deal was near. However, Ukrainian President Volodymyr Zelensky rejected ceding Crimea, asserting it belongs to Ukraine. A top Russian general was killed in a car bomb attack, further complicating the situation as peace efforts continue.
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Canada's election on Monday follows a campaign dominated by concerns over US President Trump's threats. Mark Carney, replacing Justin Trudeau, is favoured, emphasising his experience to counter Trump's policies. Poilievre focused on domestic issues like rising costs, but Trump's influence and Carney's appeal have tightened the race.
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Banking and financial services have outperformed in 2025, with Bank Nifty and Nifty Financial Services gaining over 8% and 12%. Strong fundamentals, supportive RBI policy, improving asset quality, and attractive valuations are driving renewed investor interest and sustained sectoral momentum.
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