Latest news with #AshutoshJoshi
Bloomberg
37 minutes ago
- Automotive
- Bloomberg
Indian Stock Market Braces for Volatile Session After Trumps 20-25% Tariff Threat
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Local traders are in for a bumpy ride this morning, thanks to President Trump's warning that India might face tariffs of 20%-25%, higher than those imposed on regional peers. Still, there's a hint of optimism with Nifty futures ticking up slightly in early Wednesday trade. Investors will have their eyes on Tata Motors following reports that it is looking to acquire an Italian truckmaker. Tata Steel and carrier Indigo will be in the spotlight as they announce quarterly earnings.
Bloomberg
2 days ago
- Business
- Bloomberg
Investors Look to Gold as Indian Stock Market Shows Signs of Strains
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Nifty futures are flatlining, setting the tone for a cautious start to the week for Indian stocks. After four straight sessions of losses, investors are playing it cautious. The mood in regional markets isn't exactly helping either. Investor focus today will be on earnings from IndusInd Bank and Bharat Electronics. Meanwhile, TCS's plan to slash 12,000 jobs could likely worsen IT sector's already bleak outlook.
Mint
7 days ago
- Business
- Mint
Investor Optimism Wanes as Few Nifty Companies Surpass Earnings Estimates
(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian equities look set for a firm open this morning, with Nifty futures and most Asian markets in the green. But the real action will be in the quarterly earnings, with big names like Infosys, Tata Consumer, and Dr Reddy's reporting their numbers. So far,the earnings season has been a bit underwhelming, which is keeping equity bulls cautious. Earnings season echo weak market momentum Investor hopes for an earnings revival — one that could justify lofty stock equity valuations — are starting to look shaky. So far, only half of the 12 Nifty companies with first-quarter profit estimates have managed to beat analyst forecasts, according to data compiled by Bloomberg. That's much lower from the prior quarter, when more 58% had surpassed expectations at the same point in results season. Jane Street factor fires up capital market stocks Yet, amid the weak earnings, not all corners of the market are struggling. Capital market stocks remain buoyant, as traders track the the return of global trading giant Jane Street to Indian bourses. Angel One, for instance, witnessed its highest bullish options activity in over a month, while shares of BSE and Nuvama Wealth rose Tuesday on hopes of increased trading volumes. The upcoming weekly derivatives expiry on Thursday will offer a clearer read on whether Jane Street's re-entry is really adding depth to the market. Top jeweler's overseas pivot may add luster Meanwhile, in the consumer space, Titan is looking overseas to counter a softer outlook at home. The Tata Group company is set to buy a majority stake in Middle Eastern jeweler Damas, giving it access to 146 premium locations in the UAE. Analysts at JM Financial expect the move to enhance Titan's standing in Gulf countries at a time when discretionary spending and consumer confidence in India is flagging. Even so, investors appear to be staying the course: Titan has outpaced the Nifty consumption index by three percentage points this year. Three great reads from Bloomberg today: Foreign appetite for local shares is showing signs of fatigue. After pumping in over $5 billion between March and June, global funds have turned cautious, pulling out $650 million so far this month through July 18. If the trend holds, July could mark the first month of net outflows since February. With earnings lacking excitement and stock valuations still looking rich, prospects for speedy rebound in the Nifty are fading, with the index more than 5% below its peak. To read India Markets Buzz every day, follow Bloomberg India on WhatsApp. Sign up here. --With assistance from Savio Shetty and Chiranjivi Chakraborty. More stories like this are available on
Bloomberg
15-07-2025
- Business
- Bloomberg
India's Key Stock Market Players Eye Jane Street's Likely Comeback
By Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks may find relief from their four-day losing streak — the longest since March — thanks to buoyant regional markets. However, the near term outlook remains uncertain. HCL Technologies will be in focus after missing first-quarter profit estimates. Investors will also be keenly watching for updates on the US trade deal and potential regulatory relief for Jane Street.
Bloomberg
11-07-2025
- Business
- Bloomberg
Jane Street Ban Weighs on NSE Market Valuation and Expiry Turnover
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. It's finally Friday, and traders are likely heaving a sigh of relief as the week wraps up. The Nifty is headed for its second straight weekly loss, with expiry day turnover taking a hit due to SEBI's temporary trading ban on global firm Jane Street. Tata Consultancy Services (TCS) is in the spotlight after reporting a decline in sales, sparking concerns about India's IT sector outlook.
