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Street Signs: Markets turn skittish, exorcising the ghost of the past, more
Samie Modak
Nifty on thin ice: Tariff chill sends bulls sliding
The Nifty 50 has slid 2 per cent in a fortnight and looks poised to stay edgy as tariff headlines collide with a subdued start to the earnings season. At the last close of 25,150, the index slipped below its 20-day exponential moving average — a 'negative signal that favours further weakness if it holds', observes Dhupesh Dhameja, derivatives analyst at Samco Securities. Weekly charts, a bearish close, and thinning market breadth echo the gloom, he adds. 'The 25,300 floor has flipped to resistance; a decisive break of Friday's 25,129
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New Indian Express
25 minutes ago
- New Indian Express
Trent and TCS lead Nifty50 losers in 2025 with over 20% decline
Two leading Tata Group firms -- Trent Ltd and Tata Consultancy Services (TCS) -- are among the worst performers in the NSE Nifty50 index so far in 2025. Trent's shares have slumped over 25% year-to-date, making it the biggest laggard in the benchmark index. TCS follows closely, with its stock declining more than 21% this year. This sharp underperformance contrasts with the Nifty50's 6% gain in the same period. Investors are concerned about Trent's ability to sustain the 35% CAGR revenue growth it achieved over the past five years. Meanwhile, TCS faces renewed pressure after reporting a lacklustre Q1FY26 result. Shares of Trent hit a 52-week high of Rs 8,345 apiece in October 2024 and are now trading at Rs 5,313. The scrip fell as much as 11% on July 4 after the company, in its annual general meeting, highlighted that growth in first quarter of FY2026 will be around 20%, which is significantly below the five-year CAGR of 35%. Following this, brokerage firm Nuvama reduced its FY2026 and FY2027 revenue growth estimates on Trent by 5% and 6% and its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) estimates by 9% and 12% respectively over the same time frame. Nuvama has also downgraded Trent to "hold" from "buy" and cut its price target to Rs 5,884 from Rs 6,627 earlier.
The Print
27 minutes ago
- The Print
Sensex, Nifty fall for 4th day on selling in IT shares, foreign fund outflows
The 50-share NSE Nifty settled lower by 67.55 points or 0.27 per cent to 25,082.30. The 30-share BSE Sensex dropped by 247.01 points or 0.30 per cent to settle at 82,253.46. During the day, it fell 490.09 points or 0.59 per cent to 82,010.38 but recovered some of the losses towards the close. Mumbai, Jul 14 (PTI) Benchmark stock indices Sensex and Nifty declined on Monday, extending the losing run to the fourth day amid selling in IT shares and foreign fund outflows. Sensex has dropped nearly 1,460 points or 1.75 per cent and Nifty by 440 points or 1.73 per cent in the four days of fall since July 9. Among Sensex firms, Asian Paints fell the most by 1.58 per cent. Tech Mahindra, Bajaj Finance, Infosys, HCL Tech, Tata Consultancy Services, Larsen & Toubro and Tata Motors were among the laggards. However, Eternal, Titan, Mahindra & Mahindra and ITC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday, according to exchange data. The broader indices, however, outperformed the benchmark, with midcap and smallcap indices gaining between 0.71 per cent and 1.04 per cent. 'Consolidation continued in the domestic market as the tariff headlines and a subdued start to the earnings season are influencing investors to be more sensitive with valuation trading at 3 yrs high level,' Vinod Nair, Head of Research, Geojit Investments, said. However, stock-specific action continues with sector-wise pick-up in healthcare, realty, consumer & discretionary, while IT remains the laggard due to the risk of earnings downgrades in FY26, Nair added. An Indian commerce ministry team has reached Washington for another round of talks on the proposed bilateral trade agreement (BTA), which will begin on Monday, an official said. 'Markets started the week on a volatile note and extended their recent decline, ending nearly half a per cent lower. After an initial dip, the Nifty attempted to stabilize in early trade, but sustained pressure from heavyweight stocks dragged the index down as the session progressed,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. The BSE midcap gauge climbed 0.67 per cent and smallcap index edged higher by 0.57 per cent. BSE Focused IT dropped 1.07 per cent, IT by 0.99 per cent, teck by 0.79 per cent and industrials by 0.24 per cent. Realty surged 1.38 per cent, healthcare jumped 1.15 per cent, consumer discretionary (0.54 per cent), commodities (0.24 per cent) and power (0.24 per cent). As many as 2,137 stocks declined while 2,054 advanced and 149 remained unchanged on the BSE. In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in the positive territory while Japan's Nikkei 225 index ended lower. European markets were trading in negative territory. The US markets ended lower on Friday. Wholesale price inflation (WPI) turned negative after a gap of 19 months, declining 0.13 per cent in June as deflation widened in food articles and fuel, along with softening in manufactured product costs, government data showed on Monday. Retail inflation slipped to a more than six-year low of 2.1 per cent in June mainly due to subdued prices of food items, including vegetables, pulses, meat, and milk. Global oil benchmark Brent crude climbed 0.99 per cent to USD 71.06 a barrel. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
27 minutes ago
- Time of India
Opening India's dairy to US to cause Rs 1.03 lakh crore loss to farmers: SBI
Milk prices in India could drop atleast 15%, causing potential annual loss of Rs 1.03 lakh crore to dairy farmers and increase milk imports by 25 million tonnes if the dairy sector is opened up to the US as part of the proposed trade deal, State Bank of India (SBI) said Monday. 'If we assume 15% drop in domestic milk price then total revenue loss would be Rs 1.8 lakh crore. Assuming farmer's share as 60% and adjusting for change in supply due to price drop the annual loss to farmers comes around Rs 1.03 lakh crore,' SBI said in a report by its Economic Research Department, adding that the GVA loss can be approximated to 50% of the total loss or Rs 0.51 lakh crore. A 15% decline in price of milk will lead to higher demand for milk amounting to 14 million tonnes while supply will decline by around 11 million tonnes, it said. This gap of around 25 million tonnes will be fulfilled by imports The bank also cautioned that one of the 'significant costs' by opening up the Indian agri and dairy sectors to the US would be threat to livelihoods of the Indian farmers, especially the small ones engaged in dairy production as the dairy sector is heavily subsidized in the US. GM concerns 'The use of growth hormones and genetically modified organisms in dairy in the US is another area of conflict. The influx of GM foods in India will also increase once the sector is opened up. This could pose public health standards conflict,' it said. Opening of agriculture and dairy sector are the sticking points between India and the US. 'Thus, India's quest to safeguard its strategic interests, aligned to welfare of the bottom strata appears to be a prudent rationale, in sync with safeguarding of rural livelihoods,' SBI said. India's gains As per the report, since Japan, Malaysia and South Korea face higher tariff than India, India can try to capture some of their chemicals export share. India can seize another 1% share from these countries in chemical exports to the US, which can add 0.1% to its GDP. Currently, India's share of apparel exports in the US imports is 6% and if it can capture another 5% from these countries, then it can add 0.1% to its GDP, it said. Access to US market for high-value agri products such as organic foods and spices to the US market is one of the potential benefits of the pact, SBI said. India exports less than $1 billion of these goods and has potential to export more than $3 billion based on the US demand for these. 'Currently, non-tariff barriers limit Ayush and generics exports, once lifted it can increase exports of these by $1-2 billion,' it said. Moreover, easier visa norms or outsourcing access can further increase our exports of IT and services.
