Latest news with #GeojitInvestmentsLtd
NDTV
3 days ago
- Business
- NDTV
Sensex, Nifty Open Flat Amid Global Cues, India-US Trade Deal Awaited
Mumbai: The Indian equity market opened almost flat on Monday amid mixed cues from global markets, as investors continue to look for some positive news on the interim India-US trade deal. At 9:20 am, Sensex was down 50 points or 0.05 per cent at 81,714 and Nifty was down 17 points or 0.07 per cent at 24,951. Marginal selling was also seen in midcap and smallcap stocks. Nifty midcap 100 index was down 87 points or 0.15 per cent at 59,017 and Nifty smallcap 100 index was down 65 points or 0.36 per cent at 18,892. According to analysts, the single-most important factor which the market will be focusing on in the coming days will be the outcome of the trade talks between the US and India. "If an interim trade deal between the two countries is reached with a tariff rate of less than 20 per cent on India, that would be a positive from the market perspective," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. On the sectoral front, auto, IT, PSU bank, pharma, FMCG, media, energy, infra, consumption and PSE were major losers, while financial services, metal and realty were trading in the green. In the Sensex pack, Axis Bank, Reliance, Infosys, HCL tech, Tech Mahindra, TCS, Sun Pharma, Titan, M&M, HUL, Asian Paints, NTPC, Tata Motors and BEL were losers. Tata Steel, HDFC Bank, ICICI Bank, Eternal, UltraTech Cement, Bajaj Finance and Trent were major gainers. Most Asian markets were trading with gains. Shanghai, HongKong, Seoul, Bangkok and Jakarta were in the green, while Tokyo was trading in the red. US markets closed in mixed zone. Main indices Dow Jones was down 0.32 per cent and Nasdaq was up 0.05 per cent. On the institutional front, foreign institutional investors (FIIs) turned net buyers on July 18 with purchases worth Rs 374.74 crore, while domestic institutional investors (DIIs) continued their tenth session of buying, with net purchases worth Rs 2,103.51 crore. Considering the current environment of elevated volatility and mixed global cues, traders should maintain a cautious sell-on-rise strategy, especially when using leverage, said Mandar Bhojane from Choice Equity Broking Private Limited.
Indian Express
6 days ago
- Business
- Indian Express
FPIs pull out Rs 77,901 cr of equities in first half of 2025
During the first half of 2025, foreign portfolio investors (FPIs) pulled out a net of Rs 77,901 crore of shares from Indian markets, with the highest outflows seen in the IT sector, followed by fast moving consumer goods (FMCG) and power sectors. Despite being net sellers, foreign investors' shareholding in the domestic market remained at 16.09 per cent as of June 30, 2025, marginally lower than 16.11 per cent as of December 2024. Foreign portfolio investors went on a selling spree in the first three months of 2025, offloading Rs 1.17 lakh crore worth of equities. They sold Rs 78,027 crore in January, Rs 34,574 crore in February, and Rs 3,973 crore in March, according to the National Securities Depository Ltd (NSDL) data. In the April to June period, FPIs turned net purchasers of domestic shares, buying Rs 4,223 crore in April, Rs 19860 crore in May, and Rs 14,590 crore in June, the data showed. FPIs buying the April-June period were lower compared to the amount of equities sold during the January-March 2025, making them net sellers in the first half of 2025. 'A pattern that can be discerned from this is that whenever valuations go beyond a particular level, FPIs turn sellers, and they sell aggressively. In March and April, the markets declined and valuations became reasonably attractive, therefore, they (FPIs) started buying in April, May and June,' said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. He said that valuations in domestic markets continue to remain high due to sustained inflows from retail investors and domestic institutional investors (DIIs). During the January-June period, the information technology (IT) sector saw the highest amount of outflows at Rs 30,600 crore from FPIs. This was mainly on account of tepid growth in earnings and revenue of the IT sector during the period. 'If the revenue and earnings growth are in single digits, it is difficult to justify higher valuations in the IT sector. This is the reason for higher outflows by FPIs from the sector,' said an IT sector analyst. The other sectors from where FPIs pulled out money in the first half of 2025 included FMCG (Rs 18,178 crore), power (Rs 15,422 crore), automobile and auto components (Rs 11,308 crore), consumer durables (Rs 11,896 crore) and consumer services (Rs 11,608 crore). 'The FMCG sector has traditionally been a sort of a defensive segment, and therefore, it had high valuations. But now segments with high valuations are witnessing sectoral churn. We are seeing money being moved away from FMCG,' Vijayakumar said. During the first half of 2025, the sectors that saw largest inflows from foreign investors were telecommunications (Rs 26,685 crore), financial services (Rs 13,717 crore), and services (Rs 7,294 crore). After three months of positive inflows, FPIs have again turned sellers in July, offloading Rs 2,660 crore worth of domestic shares up to July 17, NSDL data showed. 'FPI selling in July can be attributed to the recovery in the market from the March lows and the consequent elevated valuations. Since other markets are cheaper relative to India, FPIs may again sell and move money to cheaper markets as a short-term strategy,' Vijayakumar said.
Mint
16-07-2025
- Business
- Mint
Earnings Impact! Geojit Financial shares slip over 6% as Q1 profit plummets 37%
Shares of Geojit Financial Services tumbled over 6 percent on Wednesday, July 16, after the brokerage released underwhelming first-quarter results for FY26. A steep 37 percent year-over-year drop in consolidated net profit to ₹ 28.67 crore rattled investors, overshadowing the firm's strategic updates and leading to renewed scrutiny of its financial health. Geojit Financial reported a sharp decline in both net and pre-tax profits. Consolidated net income fell to ₹ 28.67 crore from ₹ 45.49 crore in Q1 FY25, marking an 11 percent sequential drop from ₹ 32.12 crore in Q4 FY25. The company's profit before tax (PBT) also dropped significantly, falling 39 percent year-over-year to ₹ 36.64 crore from ₹ 59.74 crore, and dipping 8 percent sequentially. A key contributor to the reduced profitability was a decline in revenue. Total consolidated revenue for the quarter slid 15 percent year-over-year to ₹ 153.30 crore, down from ₹ 181.18 crore in the previous year. Sequentially, revenue decreased by 14 percent compared to ₹ 177.45 crore in Q4 FY25. Similarly, EBITDA plunged 53.0 percent to ₹ 32.78 crore, down from ₹ 69.77 crore recorded in Q1 FY25 — a clear indication of contracting margins. Despite weak earnings, Geojit Financial achieved significant progress in its strategic reorganisation. In February, the company announced it had secured all necessary regulatory approvals to transfer its core securities broking, margin financing, depository participant services, and research analyst operations to its wholly-owned subsidiary, Geojit Investments Ltd (GIL). The definitive Business Transfer Agreement, signed in December 2024, stipulates the migration of operations and personnel on March 21, 2025. These segments collectively generated ₹ 300.23 crore in revenue during FY23 and represented 71.6 percent of standalone turnover. They also accounted for ₹ 336.25 crore — or 58 percent — of Geojit's standalone net worth. The transfer is expected to streamline operations and sharpen the parent company's focus on strategic growth and capital efficiency. The Q1 earnings slump triggered a sharp market reaction: shares slid to an intraday low of ₹ 77.26, plummeting about 51 percent from their 52-week high of ₹ 159.30 hit in July 2024. The stock briefly touched a 52-week low of ₹ 60.80 in March 2025 and has declined roughly 25 percent over the past year. Meanwhile, just in July so far, the stock has shed 10 percent after 4 months of gains including a 2.5 percent rise in June, a 12.8 percent jump in May, and a 4 percent increase in April. This was preceded by two weak months: a 20 percent drop in February and a 23 percent loss in January. Disclaimer: 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.
Economic Times
28-06-2025
- Business
- Economic Times
Silver prices blaze past Rs 1,00,000/kg: Industrial metal or shiny safe haven?
Live Events (The author is Head of Commodities, Geojit Investments Ltd) (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Silver, often referred to as the "poor man's gold," has recently stolen the spotlight in global commodity markets. While silver has always played a dual role as both an investment asset and an industrial metal , recent developments have amplified its volatility and recent surge past ₹1,00,000/kg in India is a result of a complex interplay of increased geopolitical tensions , global supply constraints, rising industrial demand—especially from China—currency fluctuations, and monetary policy uncertainty The imbalance in supply and demand is affecting the silver prices in global markets. On the supply side, mining output has remained relatively stagnant due to environmental regulations, labour shortages, and geopolitical tensions in key mining regions such as Latin America. Meanwhile, demand has surged, driven by both industrial applications and investment is a critical component in electronics, solar panels, and electric vehicles. As the world accelerates its transition to green energy, demand for silver has intensified. The solar industry alone accounts for nearly 15% of global silver consumption, and with countries ramping up renewable energy targets, this figure is expected to demand for industrial metals has largely influenced global silver prices. Despite economic slowdowns in certain sectors, China's push for technological advancement and green infrastructure has kept industrial demand for silver robust. The country's aggressive expansion in solar energy and 5G technology has led to increased silver imports, tightening global supply are also reports that Chinese investors are using silver as a hedge against domestic economic uncertainty and currency devaluation. This dual demand—from industry and investment—has added upward pressure on like gold, is priced in US dollars globally. A weaker dollar typically boosts silver prices, making it cheaper for holders of other currencies. However, the recent volatility in the dollar—driven by shifting expectations around the US Federal Reserve's interest rate policy—has added complexity to silver's price Fed's cautious stance on interest rate cuts, coupled with persistent inflation, has created uncertainty in financial markets. Investors seeking safe-haven assets have turned to precious metals , including silver, to hedge against inflation and currency risk. This has led to speculative buying, further fuelling price India, silver's rise has been compounded by the depreciation of the rupee against the dollar. A weaker rupee makes imported commodities like silver more expensive, pushing domestic prices higher. Additionally, inflationary pressures and geopolitical uncertainties have driven Indian investors toward precious metals as a store of affordability compared to gold has also made it a preferred choice for retail investors and jewellers. However, with prices now exceeding ₹1,00,000/kg, affordability is becoming a concern, potentially dampening demand in the near current silver rally is marked by high volatility. Prices have seen sharp intraday movements, reflecting the tug-of-war between bullish industrial demand and bearish macroeconomic signals. Looking ahead, while the long-term outlook remains positive, short-term corrections are likely as markets digest economic data and central bank investors, silver offers both opportunity and risk. Its industrial utility ensures long-term demand, but its sensitivity to economic cycles and monetary policy makes it prone to sharp swings. Diversification and cautious entry points are key strategies in navigating this volatile asset.
Time of India
28-06-2025
- Business
- Time of India
Silver prices blaze past Rs 1,00,000/kg: Industrial metal or shiny safe haven?
Silver prices have surged, exceeding ₹1,00,000/kg in India, driven by geopolitical tensions, supply constraints, and rising industrial demand, particularly from China. Currency fluctuations and monetary policy uncertainty further contribute to the volatility. While long-term prospects are positive due to silver's industrial applications, short-term corrections are expected amid economic data and central bank signals, requiring cautious investment strategies. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. Oil set for weekly loss on fading Mideast supply risks (The author is Head of Commodities, Geojit Investments Ltd) (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Silver, often referred to as the "poor man's gold," has recently stolen the spotlight in global commodity markets. While silver has always played a dual role as both an investment asset and an industrial metal , recent developments have amplified its volatility and recent surge past ₹1,00,000/kg in India is a result of a complex interplay of increased geopolitical tensions , global supply constraints, rising industrial demand—especially from China—currency fluctuations, and monetary policy uncertainty The imbalance in supply and demand is affecting the silver prices in global markets. On the supply side, mining output has remained relatively stagnant due to environmental regulations, labour shortages, and geopolitical tensions in key mining regions such as Latin America. Meanwhile, demand has surged, driven by both industrial applications and investment is a critical component in electronics, solar panels, and electric vehicles. As the world accelerates its transition to green energy, demand for silver has intensified. The solar industry alone accounts for nearly 15% of global silver consumption, and with countries ramping up renewable energy targets, this figure is expected to demand for industrial metals has largely influenced global silver prices. Despite economic slowdowns in certain sectors, China's push for technological advancement and green infrastructure has kept industrial demand for silver robust. The country's aggressive expansion in solar energy and 5G technology has led to increased silver imports, tightening global supply are also reports that Chinese investors are using silver as a hedge against domestic economic uncertainty and currency devaluation. This dual demand—from industry and investment—has added upward pressure on like gold, is priced in US dollars globally. A weaker dollar typically boosts silver prices, making it cheaper for holders of other currencies. However, the recent volatility in the dollar—driven by shifting expectations around the US Federal Reserve's interest rate policy—has added complexity to silver's price Fed's cautious stance on interest rate cuts, coupled with persistent inflation, has created uncertainty in financial markets. Investors seeking safe-haven assets have turned to precious metals , including silver, to hedge against inflation and currency risk. This has led to speculative buying, further fuelling price India, silver's rise has been compounded by the depreciation of the rupee against the dollar. A weaker rupee makes imported commodities like silver more expensive, pushing domestic prices higher. Additionally, inflationary pressures and geopolitical uncertainties have driven Indian investors toward precious metals as a store of affordability compared to gold has also made it a preferred choice for retail investors and jewellers. However, with prices now exceeding ₹1,00,000/kg, affordability is becoming a concern, potentially dampening demand in the near current silver rally is marked by high volatility. Prices have seen sharp intraday movements, reflecting the tug-of-war between bullish industrial demand and bearish macroeconomic signals. Looking ahead, while the long-term outlook remains positive, short-term corrections are likely as markets digest economic data and central bank investors, silver offers both opportunity and risk. Its industrial utility ensures long-term demand, but its sensitivity to economic cycles and monetary policy makes it prone to sharp swings. Diversification and cautious entry points are key strategies in navigating this volatile asset.
