ET Market Watch: Markets up but jittery: What's spooking investors?
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:Sensex up, Nifty steady... but markets are on edge!Why did the market rise despite sharp swings and global jitters? Let's break it down.Sensex gained 193 points, Nifty closed above 25,400.But… don't let the green fool you. Both indices slipped sharply from their day's highs, thanks to volatile trade, global cues, and SEBI's crackdown on Jane Street.Financials and IT stocks led the gains. Bajaj Finance rose 1.6%, and Infosys and ICICI Bank supported the rally.But Trent crashed nearly 12% after warning of slower revenue growth. Nuvama downgraded the stock post-AGM.Global markets? Mostly in the red, Europe's major indices slipped, Korea's Kospi tanked 2%, and U.S. futures dipped as investors braced for Trump's tariff deadline on July 9.SEBI barred U.S. trading firm Jane Street and froze ₹4,800+ crore over alleged manipulation in the Indian derivatives market. That shook investor confidence.Experts say markets are pausing after a strong rally. Eyes are now on Q1 earnings, Trump's tariff call, and a possible U.S.-India trade deal.Technically, Nifty's hammer candle hints at a bullish rebound, if it stays above 25,300, a jump to 25,800–26,100 is possible.Crude oil eased. Rupee ended flat.And India's market mood? Wait-and-watch mode, cautious optimism, but cracks are visible.
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Economic Times
35 minutes ago
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Indian biscuits, shampoos & poha go global: FMCG exports outpace domestic sales for HUL, Dabur and others
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Cons. Products Kolkata: Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but Indiamade daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global shelves. Top fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said.'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indianbranded food products in global said in its latest annual report that its branded export business grew threefold in the past three years to cross Rs 250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities export revenue rose 7% to Rs 7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year.
Time of India
an hour ago
- Time of India
Indian biscuits, shampoos & poha go global: FMCG exports outpace domestic sales for HUL, Dabur and others
Kolkata: Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but Indiamade daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global shelves. Top fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC , Marico , Godrej Consumer Products , Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal years. While international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 crore. HUL's total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic demand. The company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said. 'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal year. While demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indianbranded food products in global markets. AWL said in its latest annual report that its branded export business grew threefold in the past three years to cross Rs 250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years earlier. Marico told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it said. While a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities export revenue rose 7% to Rs 7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year. Economic Times WhatsApp channel )
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First Post
an hour ago
- First Post
Amid feud with Trump, Musk officially launches America Party to challenge US' ‘one-party system'
Elon Musk, once an ally of Trump, has officially launched his 'The America Party'. Musk says he wants to challenge what he describes as the country's 'one-party system,' following a public feud with Trump read more Tesla CEO and tech billionaire Elon Musk, once an ally of US President Donald Trump, announced on Saturday (5 July 2025) that he has launched a new political party to challenge what he calls America's 'one-party system.' This move came after a falling-out with the president, following Musk's leadership of the Republican push to cut spending and reduce federal jobs as head of the Department of Government Efficiency (DOGE). 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Musk said in a post on X, the social media platform that he owns. 'Today, the America Party is formed to give you back your freedom.' STORY CONTINUES BELOW THIS AD By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom. — Elon Musk (@elonmusk) July 5, 2025 Musk is the world's richest person and Trump's biggest donor in the 2024 election. On Friday, which also coincided with US Independence Day, Musk posted a poll on X asking people if they wanted 'independence from the two-party (some would say uniparty) system' that has shaped US politics for about 200 years. More than 1.2 million people responded to the yes-or-no survey. Taking a swipe at both Republicans and Democrats, Musk said: 'When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy.' Musk's announcement comes after President Trump signed a tax-cut and spending bill into law on Friday — legislation the Tesla CEO strongly opposed. Musk had earlier threatened to launch a political party if the bill passed Congress. The surprise move follows Musk's growing public rift with President Trump. Musk has openly criticised the President's so-called 'Big Beautiful Bill', claiming it harms his business interests by reducing subsidies for Tesla's electric vehicles and causing SpaceX to lose government contracts. STORY CONTINUES BELOW THIS AD However, it remains unclear whether Musk's America Party has been officially registered with US election authorities. The billionaire has not provided details about who would lead the party or what structure it will take. It was during his feud with Trump that Musk posted a poll on X, asking users whether America needs a new political party. Earlier this week, Trump threatened to cut off federal subsidies received by Musk's companies, including Tesla and SpaceX. Ask ChatGPT
