Latest news with #FII
The Print
12 hours ago
- Business
- The Print
Sensex, Nifty tumble for 3rd day, dragged by Kotak Bank, US trade deal uncertainty
The 50-share NSE Nifty declined 156.10 points or 0.63 per cent to close at a nearly two-month low of 24,680.90. As many as 35 Nifty shares declined, and 15 advanced. The 30-share BSE barometer tanked 572.07 points or 0.70 per cent to settle at 80,891.02, a level not seen since June 4. During the day, it slumped 686.65 points or 0.84 per cent to 80,776.44. Mumbai, Jul 28 (PTI) Falling for the third straight session on Monday, benchmark Sensex tumbled by 572 points to close at nearly a two-month low due to heavy selling in Kotak Mahindra Bank, forex outflows and uncertainty related to the India-US trade deal. Analysts said disappointing quarterly results and continued selling by FIIs dragged stock markets down for the third session in a row. Nifty has tanked over 2 per cent or 539 points while Sensex retreated by 1,835 points or 2.2 per cent to trade at near two-month low levels. Among Sensex firms, Kotak Mahindra Bank tumbled the most by 7.31 per cent after the company reported a consolidated net profit of Rs 4,472 crore for the June quarter, and flagged stress on the retail commercial vehicle portfolio due to adverse macroeconomic conditions. The profit in the year-ago period was Rs 7,448 crore, but it had included gains of over Rs 3,000 crore on its stake sale in the general insurance arm, while the net profit for the March quarter stood at Rs 4,933 crore. Bajaj Finance dropped 3.64 per cent amid asset quality concerns, while Bharti Airtel fell by 2.35 per cent. Tata Consultancy Services dropped 1.76 per cent amid reports that the IT major has decided to lay off over 12,000 employees. Sources said that the IT Ministry is keeping a close watch on the entire situation and is in touch with the tech company over the matter. Titan, HCL Tech and State Bank of India were also among the laggards. However, Hindustan Unilever, Asian Paints, ICICI Bank, Power Grid, HDFC Bank and ITC were the gainers. 'Domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows. In contrast, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated. 'The upcoming monetary policy decisions from the Fed and BoJ, along with the trajectory of domestic quarterly earnings, are expected to play a pivotal role in shaping market direction in the near term,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE smallcap gauge tumbled 1.31 per cent and midcap index fell by 0.73 per cent. Among BSE sectoral indices, realty tanked 4.11 per cent, followed by telecommunication (1.56 per cent), capital goods (1.49 per cent), BSE industrials (1.40 per cent), teck (1.21 per cent) and metal (1.06 per cent). FMCG and utilities were the gainers. A total of 2,874 stocks declined while 1,264 advanced and 161 remained unchanged on the BSE. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,979.96 crore on Friday, according to exchange data. In Asian markets, Japan's Nikkei 225 index settled lower while South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng ended in positive territory. Markets in Europe were trading in the green. The US markets ended higher on Friday. Global oil benchmark Brent crude climbed 0.91 per cent to USD 69.05 a barrel. The rupee pared initial gains and settled 15 paise lower at 86.67 (provisional) against the US dollar due to month-end dollar demand from importers. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
New Indian Express
14 hours ago
- Business
- New Indian Express
Dalal Street disaster: Rs 12 lakh crore wiped out in three days as bears take over
Equity market investors lost nearly Rs 12 lakh crore over the past three trading sessions as Dalal Street succumbed to intense bearish pressure. Weak Q1FY26 earnings and delays in the India-US trade deal have dampened investor sentiment, triggering a sharp sell-off. The benchmark BSE Sensex plunged 1,836 points (2.2%), while the NSE Nifty50 dropped 2.1% during this period. The sentiments have further been weighed down by TCS's announcement of 12,000 job cuts and a relentless selling by foreign institutional investors (FIIs). Data for this month, up to 25th July, shows a net FII sell figure of Rs 20,262 crores. On Monday, they offloaded (net sales) shares worth Rs 5,876.76 crore. 'Markets are currently grappling with headwinds on both domestic and global fronts. On the domestic side, earnings disappointments and persistent foreign fund outflows are dampening sentiment,' said Ajit Mishra – SVP, Research, Religare Broking. Mishra added that in the banking space, earlier resilience had helped limit the decline but renewed pressure across the sector—except for heavyweights ICICI Bank and HDFC Bank—is adding to participants' concerns. Banking stocks came under severe pressure on Monday after Kotak Mahindra Bank plunged over 7% to close at Rs 1,966 following weak Q1 results. Other lenders, including IndusInd Bank, PNB, SBI, and Bank of Baroda, declined 1–3%. Mishra added that globally, uncertainty surrounding trade deals, despite strength in the US markets, is contributing to the cautious approach. Vinod Nair, Head of Research, Geojit Investments, said that in contrast to domestic market performance, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated.
Time of India
16 hours ago
- Business
- Time of India
Stock market at near two-month lows: Why are FIIs selling Indian stocks? Explained
The stock market downturn is being attributed to the persistent FII selloff. (AI image) Indian stock markets are at near two month lows - Nifty50 and BSE Sensex have dropped over 2% in the last few trading sessions. Foreign Institutional Investors (FIIs) are on a selling spree! On Monday, Nifty50 and BSE Sensex declined for the third consecutive day. Equity benchmark indices have been dropping for four straight weeks. The stock market downturn is being attributed to the persistent FII selloff and the rising uncertainty of whether India will be able to seal a trade deal with the US before Donald Trump's August 1 deadline. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, 'FII selling of Rs 13552 crores in the cash market last week has added to the weakness in the market. Yet another concern is the Q1 results, which are not yet indicating any major positive surprises.' Why are FIIs Selling Indian Stocks ? Over the past four months, FIIs remained net buyers in the Indian cash market, investing a total of ₹24,011 crore — averaging over ₹6,000 crore per month. However, this trend has sharply reversed in July, with FIIs pulling out ₹28,528 crore so far till Friday, signaling a significant shift in sentiment. This selling has been far more aggressive than the pockets of mild buying seen on select days, says Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cote D'ivoire: Unsold Sofas at Bargain Prices (Prices May Surprise You) Sofas | Search Ads Search Now Undo 'Alongside, the FII long-short ratio in index futures has dropped steeply from 36.4 on June 30 to just 14.83 by July 24, driven by a sharp rise in short positions — net contracts worsening from -38,123 to -1.45 lakh,' Sudeep Shah tells TOI. He is of the view that multiple factors seem to be at play. 'The US dollar has strengthened by 0.88% since the start of July, making Indian assets relatively less attractive. Additionally, expectations of a Fed rate cut, lack of any major trade deal announcement involving India, and the impact of the Jane Street ban have also weighed on FII sentiment,' Sudeep Shah says. 'This combination of heavy outflows, rising shorts, and low confidence has contributed to a 3.24% decline in the Nifty from its July highs, reflecting the nervousness in the broader market,' he adds. According to Shweta Rajani, Head - Mutual Funds, Anand Rathi Wealth Limited, FII activity picked up in July 2025, driven by a mix of global macro developments, short-term policy uncertainty, and cautious positioning. 'One of the main reasons behind this cautiousness is the delay in finalising the India–US trade agreement. Conversations around tariffs and digital trade rules have added some ambiguity, prompting foreign investors to hold back a bit and watch how things unfold. On top of that, Q1 FY26 earnings have been slightly slow in some FII-heavy sectors like IT and financials,' Rajani told TOI. She attributes the FII positions to global factors and headwinds as well. 'The US 10-year Treasury yield has been climbing and the dollar is gaining strength, leading some global investors to rebalance their portfolios with more exposure to the US. In the derivatives segment, we're also seeing over 80% short positions by FIIs in index futures, which looks more like a tactical response to the current uncertainty than a directional call. Whenever FII positioning has reached around 80% on either the long or short side, markets have often seen a reversal in direction,' she said. Indian Stock Markets Resilient Shweta Rajani is confident that India's macro fundamentals continue to offer support. 'GDP growth remains strong at 6.5% for FY25 and is projected at 6.6% for FY26, maintaining India's status as the fastest-growing major economy. Inflation is well under control, with CPI at 2.1% in June and expected to stay below the RBI's 3.7% target,' she explains. 'Fiscal strength is also evident, the FY25 deficit narrowed to 4.8% of GDP, aided by disciplined spending and a record ₹2.7 lakh crore RBI dividend. Tax collections have been robust, growing 13.7% in FY25, reflecting strong economic activity. Also, DII inflows of ₹37,687 crore this month, have helped cushion the impact of foreign outflows and provided a layer of stability,' she adds. 'Overall, these phases are a normal part of market cycles. With strong domestic fundamentals and active DII support, Indian markets remain in a neutral zone where FII selling alone is unlikely to cause a sharp correction. Investors should stay focused on long-term goals and avoid reacting to short-term fluctuations,' she concludes. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
18 hours ago
- Business
- Hans India
Indian stock market settles in negative territory amid selling pressure, FII outflow
Mumbai: The Indian stock market continued its downward momentum as it ended lower on Monday amid a potential delay in the India-US trade agreement and continued FII outflow. Sensex closed at 80,891.02, down 572.07 points or 0.70 per cent. The 30-share index began the session in the negative territory at 81,299.97 against the last day's closing of 81,463.09. The index dragged down further to touch an intraday low at 80,776.44 amid selling in heavyweights, especially in the IT sector. Nifty settled at 24,680.90, down 156.10 or 0.63 per cent. "Domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows," said Vinod Nair, Head of Research, Geojit Investments Limited. In contrast, global markets remain broadly positive, supported by the US-EU trade developments that are perceived as less concerning than anticipated, Nair added. The upcoming monetary policy decisions from the Fed and Bank of Japan, along with the trajectory of domestic quarterly earnings, are expected to play a pivotal role in shaping market direction in the near term. Kotak Bank, Bajaj Finance, Bharati Airtel, Titan, TCS, HCL Tech, SBI, Tata Steel, Eternal, Axis Bank, and Mahindra and Mahindra were top losers among the Sensex basket. Hindustan Unilever, Asian Paints, and ICICI Bank ended the session in green. Broader indices also experienced the heat of selling pressure. Nifty 100 fell 157 points or 0.62 per cent, Nifty Midcap 100 dropped 490 points or 0.84 per cent, and Nifty Smallcap 100 settled 229 points or 1.26 per cent. Sectoral indices followed suit as well. Bank Nifty fell 444 Points, Nifty Fin Service closed 192 points down, Nifty IT dropped 253 points, and Nifty Auto ended the session 88 points down. Rupee traded weak by 0.10 per cent at 86.65 as weakness in capital markets weighed on sentiment. The week ahead is expected to remain volatile with key global triggers including the 1st August trade deal deadline with the U.S., along with major U.S. data releases. The rupee is likely to trade in a range of 86.25–86.90," said Jateen Trivedi of LKP Securities.
Mint
21 hours ago
- Business
- Mint
IT sector not broken, but evolving, says TRUST MF's CIO Mihir Vohra; shares top sectoral bets
Mihir Vora, CIO, TRUST Mutual Fund, believes that the Indian stock market could step out of its consolidation zone once global volatility subsides and investor focus returns to earnings. Meanwhile, Vohra remains unperturbed by the ongoing FII selloff, as DII support and SIP inflows bolster confidence in equity demand. He is bullish on select sectors like infrastructure, logistics, and defence suppliers, NBFCs, among others. Edited excerpts: The Nifty has been churning in a tight band for several weeks. The domestic and global macroeconomic and geopolitical setup has many moving parts, and markets are probably waiting for a reduction in uncertainty. Globally, US trade negotiations are still on, and the US Dollar continues to be weak in spite of high bond yields. Domestically, the long-term macro parameters are healthy – low inflation, improving current account deficit and fiscal deficit. Consumption indicators are a mixed bag, and credit growth has not yet picked up in spite of ample liquidity and rate cuts. In the short term, the earnings season has seen a mix of negative and positive surprises. Sustained earnings growth remains key for the market. If global volatility subsides and investor focus returns to domestic earnings, that could be enough to lift sentiment. Clarity on a U.S.–India trade agreement by the August 1 deadline can also be a catalyst. Foreign portfolio investors have turned cautious again — derivative positioning suggests the most bearish sentiment in months. That may continue until we get clear signals on U.S. Fed policy or trade developments. In the medium to long-term, if the US Dollar continues to remain relatively weak, we should see sustained flows to countries like India. We see FPI selling as cyclical rather than structural. In time, India's superior long-term macro, demographics and higher growth should bring global interest back. India also has a strong internal support system: domestic institutions remain net buyers, and record retail SIP flows continue to underpin demand. Overall, we have an underweight stance in the IT sector. We are tackling the sector exposure selectively, preferring midcap IT names and digital infra providers with stronger growth visibility, rather than overcrowded large caps. Even within the blue-chips, firms executing well on AI/automation and client-based cost takeout remain interesting. The sector isn't broken — it's just evolving. While the leading IT giants delivered subdued numbers — flat revenues, soft global deal wins — valuations are now trading closer to historical norms than early 2024 extremes. Our growth conviction remains highest in capex, power transmission, infrastructure logistics, and defence suppliers—segments with visible order books, operating leverage, and a longer runway of growth. However, we are selective as these segments have become quite popular and valuations are not uniformly attractive. Financials offer opportunities in NBFCs and banks, with expectations of improving credit growth and asset quality. Auto ancillaries and engineering services/export plays are also showing promise as the global capex cycle recovers. In healthcare, the stories are more stock-specific, and we like the CDMO space and hospitals. After sharp rallies in many names, investors have started booking profits. The pullback is a natural consolidation, not a capitulation. The long-term fundamentals — rising defence budgets, dual-use platform opportunities, and improving export arcs — remain intact. Stock selection is critical now. We favour robust balance sheets, clear execution histories, and firms with pipeline visibility. Yes, we launched our third equity fund, the Multicap Fund. This continues our efforts to offer funds in all the core categories to our investors and distributors, the first two being the Flexi Cap and Small Cap funds. The Multicap category is a core category and is suitable for most investors who want a diversified exposure to the stock market. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
