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Hans India
an hour ago
- Hans India
Sensex, Nifty end lower as investors turn cautious over Trump's tariff deadline
Mumbai: The stock markets ended lower on Wednesday, as investor sentiment remained cautious due to US President Donald Trump's firm stand on the upcoming tariff deadline. The nervousness led to a risk-off mood among investors, pulling the benchmark indices lower. After rising to an intra-day high of 83,935.29, the Sensex lost momentum and closed at 83,409.69, down 287.6 points or 0.34 per cent. The Nifty also declined by 88.45 points or 0.35 per cent to end the day at 25,453.4. "Mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution,' Vinod Nair of Geojit Investments Limited said. 'Market attention is gradually shifting to crucial Q1 earnings, which have high expectations,' he added. Nair added that the underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. Among the Sensex stocks, the biggest losers were Bajaj Finserv, L&T, Bajaj Finance, HDFC Bank, and Bharat Electronics. On the other hand, Tata Steel, Asian Paints, Ultratech Cement, Trent, Maruti, and Sun Pharma were among the top gainers. Broader markets followed a similar trend. The Nifty Midcap100 index ended down by 0.14 per cent, while the Nifty Smallcap100 index slipped 0.41 per cent. Sector-wise, Nifty Metal, Consumer Durables, Auto, IT, Pharma, and Healthcare managed to close in the green. However, Nifty Realty, Financial Services, Bank, Oil & Gas, and Media dragged the overall sentiment with losses. The total market capitalisation of all listed companies on the NSE stood at Rs 5.35 trillion. Meanwhile, the India VIX, which measures market volatility, eased slightly by 0.66 per cent to settle at 12.44 points -- suggesting some cooling off in investor nervousness despite the day's losses. Gold traded in a narrow range as market awaits key US data releases. Comex Gold moved between $3327 – $3340, while MCX Gold traded between Rs 97,000 – Rs 97,400. 'The prices expected to remain in the broader range of Rs 96,500 – Rs 97,850 as participants price in potential dollar weakness and upcoming US data, including Non-Farm Payrolls (NFP), ADP non-farm employment, and unemployment figures,' Jateen Trivedi of LKP Securities stated.
Economic Times
an hour ago
- Economic Times
Motilal Oswal AMC crosses Rs 1.5 lakh crore AUM milestone, sharpens focus on growth investing
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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Business Standard
an hour ago
- Business Standard
Indian shares dip as financials drag; HDB Financial surges 13.6% on debut
HDB Financial Services debuted at a premium of about 13 per cent to its issue price and closed its maiden session 13.6 per cent higher "Investors aren't buying into Trump's sound bites anymore. Indecision will prevail in markets until there's a deal signed, sealed, and delivered," said Sanjeev Hota, vice president and head of research of wealth management at Mirae Asset Sharekhan. | Credit: X Reuters By Bharath Rajeswaran and Vivek Kumar M Indian shares edged lower on Wednesday as financials retreated from recent highs, overshadowing optimism over a potential India-US trade deal, while HDB Financial Services, the year's largest IPO, surged on debut. The Nifty 50 fell 0.35 per cent to 25,453.40 and the Sensex slipped 0.34 per cent to 83,409.69. President Donald Trump said on Tuesday the US was close to finalising a trade agreement with India, which could help the country avoid a 26 per cent reciprocal tariff announced in April and paused until July 9. "Investors aren't buying into Trump's sound bites anymore. Indecision will prevail in markets until there's a deal signed, sealed, and delivered," said Sanjeev Hota, vice president and head of research of wealth management at Mirae Asset Sharekhan. "Besides, if the US fumbles on broader trade negotiations with other key trading partners, it could ripple through inflation, rates, and global risk sentiment," Hota added. Nine of the 13 major sectors declined, with index heavyweights HDFC Bank and Reliance Industries losing 1.3 per cent and 0.6 per cent, respectively. HDB Financial Services debuted at a premium of about 13 per cent to its issue price and closed its maiden session 13.6 per cent higher. The broader mid- and small-caps fell 0.4 per cent and 0.1 per cent, respectively. High-weight financials fell 1 per cent, retreating for a third straight session from record highs hit on Friday, while banks dropped 0.8 per cent. Private lender IndusInd Bank and credit card services provider SBI Card fell 2.4 per cent and 2 per cent, respectively, after Goldman Sachs' downgrades. Realty index dipped 1.4 per cent, taking its losses over the last five sessions to about 5 per cent. Consumer companies Colgate Palmolive India and Dabur rose following an NDTV report that the government may scrap the 12 per cent GST slab and reclassify items like toothpaste into the lower 5 per cent bracket. Meanwhile, cigarette makers ITC and Godfrey Phillips declined on concerns that luxury and sin goods could face higher GST rates under the proposed restructuring. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
