Trent guides for slowdown Q1 earnings, stock slumps 11%
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Hans India
an hour ago
- Hans India
Nifty eyes record highs as late rally sparks optimism; All eyes on US trade deal
After a sluggish start on July 9, the Nifty 50 rebounded impressively, closing near the day's high and gaining 61 points to end at 25,522. A late-session rally—fueled by renewed interest in largecap financials—helped the index break out of a narrow trading range, with analysts now eyeing a potential push towards record highs. Financial giants like Kotak Mahindra Bank, which surged over 3% following a strong Q1 update, were instrumental in lifting market sentiment. Other top gainers included Eternal and Asian Paints, while Titan, Dr. Reddy's, and Bajaj Auto dragged the index, with Titan tumbling nearly 6% on weak jewellery segment performance. The broader markets mirrored the recovery. Despite early losses, the Nifty Midcap 100 slipped only 0.17%, while the Smallcap 100 fell by just 0.29%, signaling a broad-based bounce-back. Sectoral performance was mixed. Nifty Realty, Financial Services, and Private Banks led the gainers, while Consumer Durables, Pharma, and Healthcare saw profit booking. In thematic plays, textile stocks gained sharply after the US imposed a 35% tariff on Bangladesh, raising hopes for increased Indian exports. AMC stocks also saw action following SEBI's proposal to ease mutual fund norms under tighter regulations. Foreign institutional investors (FIIs) continued to sell in the cash market, while domestic institutional investors (DIIs) stepped in as net buyers, cushioning the fall. Market experts remain bullish. Siddhartha Khemka of Motilal Oswal highlighted improving sentiment driven by trade deal hopes and the upcoming earnings season. Technically, analysts see key resistance levels ahead. HDFC Securities' Nandish Shah noted that Nifty has been forming higher highs and lows, with resistance at 25,669. A breakout could target the 26,000 mark, while 25,331 is the support. LKP Securities' Rupak De pointed to a bullish setup on the charts, citing a green candle forming after a hammer and doji pattern—often a signal of further upside. He placed resistance at 25,600–25,800 and support around 25,400. Angel One's Rajesh Bhosale added that a move above 25,700 could trigger fresh highs, with 25,300–25,450 acting as a buffer zone on the downside. Nagaraj Shetti of HDFC Securities echoed the positive trend, saying a breakout above 25,700 may push Nifty towards the 26,000–26,200 zone. Immediate support lies at 25,425. As global cues, especially the US trade negotiations, remain pivotal, traders are advised to watch key levels for the next leg of market movement.
India Gazette
2 hours ago
- India Gazette
Sensex, Nifty recovered on anticipation of mini trade deal with US: Experts
Mumbai (Maharashtra) [India], July 8 (ANI): The Indian stock markets on Tuesday ended higher, recovering from the flat opening due to the news of a possible mini trade deal between India and the United States late in the night. Stock markets opened under pressure as concerns over US President Donald Trump's fresh tariff measures took center stage. At the end of the trading session, the Sensex was up 270.01 points or 0.32 per cent, at 83,712.51, and the Nifty was up 61.20 points or 0.24 per cent, at 25,522.50. The Financial heavyweights helped Nifty and Nifty Bank close in the green. Kotak Bank remained the top gainer and rose over 3 per cent on a strong first-quarter update. Tital was the top Nifty loser, down 6 per cent after reporting below-estimate jewellery business growth. 'Today marked the third day the Nifty had opened and closed the market within a narrow range of 25,400 to 25,500. This shows the market is waiting for a trigger before the next move at the index level,' said VLA Ambala, Co-Founder of Stock Market Today. 'The market remained in an uptrend position, showing no signs of reversal, but volatility is expected as crude, gold, and dollar prices may fluctuate due to the outcome of Donald Trump's trade deal,' she said. Observing the markets, Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity - Ashika Stock Broking, said despite global uncertainties stemming from U.S. President Donald Trump's announcement of 25-40 per cent tariffs on 14 nations, the Indian equity markets opened flat and traded largely sideways throughout the session 'Trump Tariffs occupied centre stage, on expected lines, on Monday, as letters detailing tariffs were issued to 14 countries. Markets reacted slightly and were not in the panic mode of April 2nd to April 9th. Over the past 90 days, the markets have become more resilient, looking past the Trump policy ambiguity to Trump actions,' Ajay Bagga, Banking and Market Expert, told ANI. He added, 'The big takeaway on Monday was that the July 9th tariff imposition deadline has been moved to August 1st. This gives 23 more days for further negotiations, even to the 14 countries that were sent letters on Monday imposing tariffs.' (ANI)
Economic Times
3 hours ago
- Economic Times
ET Market Watch: Sensex rises 270 pts, Nifty above 25,500 as Trump hints at India trade deal
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:It was a cautiously optimistic Tuesday for Indian markets. The Sensex rose 270 points, and the Nifty topped the 25,500 mark, powered by gains in financial and IT stocks… but not everything was trigger?US President Donald Trump delayed new tariffs till August 1, and hinted that a trade deal with India was 'close.'That comment alone was enough to lift investor mood across Asia, and the Street the BSE Sensex, Kotak Mahindra Bank surged 3.6% after strong Q1 Adani Ports, BEL, and Asian Paints followed with healthy and private banks led the rally, while IT stocks quietly added support, with Infosys, Wipro, and Mphasis up between 0.7% and 1.3%.But here's where the shine fades…Titan cracked 6.2%, its worst fall in 14 months, after June quarter sales missed Ltd. dropped 5.5% as the fallout from SEBI's crackdown on US-based Jane Street continued to rattle capital market One was down 3.6%.In the broader market, the mood was Nifty Smallcap and Midcap 100 both ended in the viewVinod Nair of Geojit said sentiment is still 'cautiously optimistic,' but investors are waiting for formal confirmation of the India–U.S. trade De of LKP added that a bullish setup is building on the charts, with support at 25,400 and resistance near 25, Asia-Pacific markets edged higher, shrugging off Trump's tariff and Korea posted gains, while Europe stayed flat, with the EU likely avoiding fresh US tariffs for oil eased after Monday's rally, andThe rupee strengthened to 85.69 against the dollar, tracking gains in other Asian what's next?All eyes are now on earnings season, global trade talks, and whether this optimism can hold or fade just as it for you tomorrow with more from the markets.
