Latest news with #GodrejConsumer
India Today
08-07-2025
- Business
- India Today
Market opening: How will Sensex, Nifty react to Trump's tariff announcement?
Sensex and Nifty are expected to open flat on Tuesday as global markets digest a fresh wave of US tariff President Donald Trump has announced new 25% tariffs on imports from key trade partners, including Japan and South Korea, while also saying that a trade deal with India is close. The news has increased caution among investors, and traders are likely to stay watchful in the early hours of of 8:06 am, the Gift Nifty futures were trading at 25,495.5, suggesting that the Nifty 50 will start the day close to its previous closing level of 25,461.3. The flat indication shows that investors are still uncertain about how the new US trade actions will affect global August 1, the US is expected to enforce higher tariffs, unless agreements are made. So far, only the United Kingdom and Vietnam have finalised deals. India is still in talks with the US, and Trump has indicated that a deal is nearing completion, though no final agreement has been announced US president said on Monday that these tariffs are part of his strategy to rebalance trade relationships. However, the new levies are expected to increase costs on imported goods and may slow economic activity, at least in the short than the actual rates, the lack of clarity and the delay in finalising deals is likely to keep businesses on edge. This uncertainty could lead many companies to delay spending and investment Monday, Wall Street reacted negatively to the news. The S&P 500 Index fell by its largest margin in three weeks, adding to the nervousness in Asian markets. Early on Tuesday, Asian markets were mixed, with the MSCI Asia-Pacific index (excluding Japan) down 0.1%.Sensex and Nifty ended nearly unchanged on Monday. Gains in consumer stocks, especially Godrej Consumer, helped limit the downside in the broader market. Still, investor caution was visible. The benchmark indices are still around 3% below their record highs touched in late September Ambala, Sebi Registered Research Analyst and Co-Founder of Stock Market Today, said the market remains in an overall uptrend. However, the India VIX rose by almost 2%, which suggests that traders should proceed with caution in the short term. Ambala said volatility could remain high for the next few added that broader market performance is still strong on a quarter-over-quarter quarterly earnings updates start rolling in, there could be a lift in sentiment. She also mentioned that while a US-India trade deal may help improve mood, the benefits may be limited to specific sectors. For today's session, she expects the Nifty to find support between 25,330 and 25,180 and face resistance near 25,510 and 25, global trade tensions dominate the headlines, domestic factors like company earnings, foreign investor flows, and inflation data will also play an important role in shaping market direction over the coming weeks. Until then, investors may prefer to wait for clearer signals before making large bets.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch advertisement
Business Recorder
08-07-2025
- Business
- Business Recorder
Indian shares to open muted on tariff jitters; Trump says India deal close
India's benchmark shares are likely to open muted on Tuesday due to uncertainty over U.S. trade policies, as President Donald Trump announced steep import tariffs on several trading partners while signalling that a deal with India was close. The Gift Nifty futures were trading at 25,495.5 points as of 8:06 a.m. IST, indicating that the Nifty 50 will open near its previous close of 25,461.3. Trump on Monday began telling trade partners that the higher U.S. tariffs will start August 1, marking a new phase in the trade war he launched earlier this year. Trump, who announced a 25% levy on key Asian allies Japan and South Korea, added that U.S. was close to striking a deal with India. Tariffs are expected to increase prices and slow growth, although uncertainty over the ultimate policies may be a bigger drag as it leads businesses to postpone decisions. Wall Street slid, with the S&P 500 Index logging its biggest drop in three weeks. Asian markets were mixed on the day, with MSCI's broadest index for Asia-Pacific stocks outside Japan down 0.1%. Trump in April capped all of the so-called reciprocal tariffs with trading partners at 10% until July 9 to allow for negotiations. Only two agreements, with Britain and Vietnam, have been reached so far. India's benchmark indexes Nifty and Sensex ended little changed on Monday, as gains in consumer stocks, led by Godrej Consumer, offset broader market losses, while investor caution lingered. The Nifty and Sensex remain about 3% below their record highs hit on Sept. 27, 2024.
Reuters
08-07-2025
- Business
- Reuters
Indian shares to open muted on tariff jitters; Trump says India deal close
July 8 (Reuters) - India's benchmark shares are likely to open muted on Tuesday due to uncertainty over U.S. trade policies, as President Donald Trump announced steep import tariffs on several trading partners while signalling that a deal with India was close. The Gift Nifty futures were trading at 25,495.5 points as of 8:06 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near its previous close of 25,461.3. Trump on Monday began telling trade partners that the higher U.S. tariffs will start August 1, marking a new phase in the trade war he launched earlier this year. Trump, who announced a 25% levy on key Asian allies Japan and South Korea, added that U.S. was close to striking a deal with India. Tariffs are expected to increase prices and slow growth, although uncertainty over the ultimate policies may be a bigger drag as it leads businesses to postpone decisions. Wall Street slid, with the S&P 500 Index (.SPX), opens new tab logging its biggest drop in three weeks. Asian markets were mixed on the day, with MSCI's broadest index for Asia-Pacific stocks outside Japan (.MIAPJ0000PUS), opens new tab down 0.1%. Trump in April capped all of the so-called reciprocal tariffs with trading partners at 10% until July 9 to allow for negotiations. Only two agreements, with Britain and Vietnam, have been reached so far. India's benchmark indexes Nifty and Sensex ended little changed on Monday, as gains in consumer stocks, led by Godrej Consumer, offset broader market losses, while investor caution lingered. The Nifty and Sensex remain about 3% below their record highs hit on Sept. 27, 2024. ** Titan Company ( opens new tab posts 19% increase in domestic sales in first quarter led by higher gold prices, outpacing the 9.3% growth from a year ago ** Kotak Mahindra Bank ( opens new tab says its net advances as on June 30 rose 14% year-on-year, while total deposit average was up 12.9% ** Tata Motors ( opens new tab Britih subsidiary Jaguar Land Rover reports a 10.7% drop in first-quarter sales, hit by a temporary pause in shipments to the U.S and a wind-down of the Jaguar brand's legacy models
Business Recorder
08-07-2025
- Business
- Business Recorder
Indian benchmarks end flat
MUMBAI: Indian equity benchmarks ended little changed on Monday as gains in consumer stocks, led by Godrej Consumer, helped offset broader losses, while investors remained cautious amid growing uncertainty over US trade policy. The Nifty 50 closed largely flat at 25,461.3 and the BSE Sensex rose 0.01% to 83,442.5. The more domestically focused small-cap and mid-cap indexes declined 0.4% and 0.3%, respectively. Nine of the 13 major sectoral indexes ended lower. Consumer stocks, however, drove sectoral gains, rising 1.7%, led by a 6.4% surge in Godrej Consumer Products after the company projected double-digit revenue growth for the June quarter. Analysts also attributed the rise in the consumer index to growing expectations of rural demand recovery and stable monsoon rains.
Time of India
08-07-2025
- Business
- Time of India
Improved consumption trends bring cheer to FMCG counters
Mumbai: Shares of fast-moving consumer goods (FMCG) firms advanced Monday after Godrej Consumer's quarterly business update pointed to improved demand prospects. Godrej is the third company after Dabur and Marico to signal a stronger-than-expected growth outlook, but some analysts warn against painting these performances as an industry-wide trend. "A sequential improvement in volume growth and revenue growth indicated by Godrej Consumer Products , Dabur and Marico led to renewed investor sentiment," said Ajay Thakur, research analyst - FMCG, Anand Rathi Institutional Equities. "A good monsoon is seen propping up rural demand and an uptick in urban demand also supports sentiment." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The Nifty FMCG Index gained 1.7% on Monday, while the benchmark Nifty remained flat. Of the 15 stocks on the FMCG Index, 13 advanced and two declined. Agencies Godrej Consumer jumped 6.4%, leading the gains in FMCG stocks. Dabur gained 3.5%, while HUL and Emami rose over 2.5% each. Britannia Industries climbed 2.1%, and Varun Beverages and Tata Consumer advanced 1.7% and 1.5%, respectively. While the pickup in volumes is expected to stronger in the second half of FY26, gains might be limited to stocks that offer better growth prospects. "The positive guidance was largely for Godrej Consumer and Marico but since the FMCG stocks have been beaten down, the other stocks also rose in hopes of a recovery," said Amit Purohit, VP, Elara Capital. "Although second half is anticipated to be better, Q1 is expected to be muted." Live Events Godrej Consumer Products said in its quarterly update that the volume growth is improving from the previous quarter, and the company expects double-digit rupee revenue growth on the back of high single-digit volume growth. Dabur's growth guidance is softer than that of Godrej, but investors were expecting far worse. "There were expectations of flat to declining growth in Dabur, but the company expects low single-digit growth, which might be perceived optimistically in the otherwise lacklustre quarterly update," said Purohit. So far this year, the Nifty FMCG Index has declined 2%, while the benchmark Nifty has gained 7.7% in the same period. Thakur said he prefers Godrej Consumer among large cap FMCG stocks, while Dabur's valuations are attractive. Purohit said investors should focus on specific stocks in the sector based on their reported growth. "Godrej Consumer Products and Marico are clear standouts and as the market rewards growth, gains are likely in these stocks," said Purohit. "Other stocks may move up as the narrative around the government focus on consumption, good monsoon, and base effect to play out."
