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Business Standard
2 days ago
- Business
- Business Standard
Sensex falls 500 pts, Nifty below 25k: Here's why markets are trading lower
Stock market today: Equity benchmark indices continued to trade lower for the secont straight day as D-street analysts raised banners of 'caution' amidst heightened uncertainty on the macro front. At 11:30 AM, the Sensex was down by 486 points or 0.59 per cent, quoting at 81,769.09. The index hit an intra-day low of 81,628.26, down by over 500 points. Whereas, NSE Nifty was trading below the key psychological 25,000 level, down by 140 points or 0.56 per cent. The 50-scrip index hit an intra-day low of 24,925.25. Nearly all stocks from the Sensex pack were trading in red, with Axis Bank, Bharti Airtel, Kotak Bank, Adani Ports and Bharat Electronics (BEL) among the top laggards. Axis Bank failed to impress D-street investors in first quarter earnings for the financial year 2025-2026 (Q1FY26) as net profits declined 3.8 per cent year-on-year (Y-o-Y) to ₹5,806 crore. Axis Bank shares were trading at ₹1,111.10, down by over 6 per cent on Friday. On the other hand, Tata Steel, Bajaj Finance, Infosys, Tata Motors and PowerGrid managed to trade in green. Even broader markets failed to showcase positive momentum. The Nifty Midcap 100 was trading at 59,255, down by 0.44 per cent. The Nifty Smallcap index followed suit, and was down by 0.43 per cent, quoting 19,034.75. Almost all sectors were in red with the Nifty private bank among the worst-performing indices, declining 1.32 per cent, trading at 27,575. However, Nifty Media was up by 0.17 per cent, quoting at 1,757. Nifty Metal also remained in green, up by 0.21 per cent, trading at 9,443. Here's why stock markets are down today: FII activity Indian markets have so far (in July) underperformed global markets. Analysts believe that the selling spree of foreign institutional investors (FIIs) has been a key contributor to this downward trend. While FIIs were net buyers earlier this year, the elevated valuation of the Indian market as compared to peer markets prompted them to switch gears. In the previous trading session (Thursday), FIIs remained net sellers in the market, offloading equities worth ₹3,694 crore. While domestic institutional investors (DIIs) were net buyers in the market, purchasing equities worth ₹2,820 crore. "Along with selling in the cash market FIIs have been increasing short positions in the derivatives market too, which reflect a bearish outlook. Elevated valuations in India and cheaper valuations in other markets will continue to influence FII activity," said VK Vijayakumar, chief investment strategist at Geojit Investments. Trade tariffs While speculations around a prospective trade deal between the US and India continue to linger, keeping investor sentiment on edge, there has been no solidified development on trade tariffs as of now. However, hopes remained high ahead of the August 1 tariff deadline. President Trump even said that the US is "very close" to striking a deal with India. "We are very close to a deal with India where they open it [the market] up," Trump told reporters at the White House earlier this week. Weak Q1 earnings So far, the Q1FY26 earnings season has failed to surprise D-street investors. IT giants, including Tata Consultancy Services (TCS) and HCL Tech, reported subdued results for the quarter. This has kept market movement largely muted. However, for the coming weeks, D-street analysts believe that markets will trade range-bound. "Going forward, markets are likely to remain in consolidation mode, with focus on ongoing earnings and progress in US-India trade negotiations," said Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services.
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Business Standard
07-07-2025
- Business
- Business Standard
Stocks to buy: Axis Bk, NTPC among high conviction picks by Incred Equities
Stocks to buy, July 2025: In the first half of the calendar year 2025 (H1CY25), Sensex and Nifty delivered around 7 per cent returns, despite looming trade tariffs worries and geopolitical tensions between Iran and Israel. Broader market indices mirrored the headline index and also provided investors with positive returns in the same period. In H1CY25, the Nifty Midcap 100 has gained 4 per cent, while the Nifty Smallcap rose 0.39 per cent. Given this, domestic brokerage Incred Equities remains cautious about Indian equities and prefers selected stocks for good yields. Market outlook According to the brokerage, a good monsoon so far has helped kharif crop sowing, which has risen by 11 per cent year-on-year (Y-o-Y). India received above-normal southwest monsoon rainfall in June 2025, with cumulative precipitation being 8.9 per cent higher than the long-period average (LPA). The pick-up in rain momentum in the later part of the month helped the monsoon to cover the entire country, nine days ahead of the normal date of coverage. This marked the earliest full coverage since 2020. In May 2025, system loan growth moderated across most segments to 9.5 per cent Y-o-Y. The most impacted were large corporate loans (down 1 per cent) and consumer durable loans declining by 4 per cent (Y-o-Y). The growth in India's industrial production moderated to a nine-month low of 1.2 per cent in May 2025 owing to a slowdown in manufacturing growth along with a contraction in the mining and electricity sectors. The consumer non-durables sector contracted 2.4 per cent, the fourth consecutive month of contraction, on a relatively low base. Meanwhile, in the quarter ended June 2025, new investment proposals in India stood at just ₹4 trillion, a 70 per cent quarter-on-quarter (Q-o-Q) dip but a 38 per cent Y-o-Y growth on a low base. Investment ideas for July 2025 For July 2025, Incred Equities has recommended adding 19 stocks while reducing three. Here is a list of its high-conviction ideas for July 2025: Largecap ideas Axis Bank and Bajaj Auto are among the stocks with an "Add" rating by the brokerage. Stock Rating Target price(₹) per share Axis Bank ADD 1,430 Bajaj Auto ADD 10,400 Bajaj Finance ADD 1,050 HDFC Bank ADD 2,200 InterGlobe Aviation REDUCE 3,030 Lupin ADD 2,400 Maruti Suzuki ADD 13,621 NTPC ADD 385 Shriram Finance Limited ADD 830 Tata Steel REDUCE 82 Tata Consultancy Services ADD 3,589 Midcap ideas Smallcap ideas
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Business Standard
04-07-2025
- Business
- Business Standard
Sensex, Nifty fall on profit booking; defence, capital market stocks shine
Stock markets in India took a volatile turn on Friday, July 4, as investors exhibited cautious move ahead of US President Donald Trump's looming tariff deadline next week. Benchmark equity indices, Sensex and Nifty, witnessed a downward movement after trading in the consolidation zone. At 11:45 am, BSE Sensex was trading at 83,061.50, down by 185 points or 0.22 per cent. Whereas, the 50-scrip index, Nifty, was down by around 66 points or 0.27 per cent, trading at 25,343.40. Broader markets followed suit as consolidated movement kept any prospective momentum in check. The Nifty Midcap 100 was trading at 59,474, up 0.35 per cent. Meanwhile, Nifty Smallcap also experienced a marginal decline of 0.2 per cent, trading at 18,974. From the Sensex Pack, Bajaj twins, Hindustan Unilever. Eternal (Zomato), Infosys and BEL were among the top gainers. Whereas, Trent, Tata Steel, Tech Mahindra, Mahindra and Mahindra, and Maruti Suzuki were among the top laggards. On the sectoral front, Nifty Auto was among the worst-performing indices, trading at 23,874, down by around 0.54 per cent. Nifty metals also fell sharply by 0.87 per cent and were trading at 9,539. Defence and Pharma were among the top-performing sectors. The Nifty Pharma index was trading at 22,339, up by 0.61 per cent. On the global front, Trump's 'Big Beautiful Bill' was passed in the House of Representatives. The bill will make the US president's 2017 tax cuts permanent and slash funding for green projects. Defence, capital market stocks in focus Defence Stock witnessed a sharp surge on Friday, even as the broader market mood remained flat. The Nifty India Defence index saw a rise of 1.4 per cent, trading above 8,980 and just a few inches away from its all-time high level. Hindustan Aeronautics Ltd and Bharat Electronics Ltd were among the lead gainers in the index. Shares of Bharat Dynamics Ltd and shipbuilder, Mazagon Dock, witnessed a surge of 1.26 per cent and 1.75 per cent, respectively. The uptrend in stock price came after the Defence Acquisition Council (DAC) announced the approval of 10 capital acquisition proposals worth ₹1.05 Lakh crore. "Key approvals include Armoured Recovery Vehicles, Electronic Warfare Systems, SAMs, Integrated Inventory Systems, Naval Mines, Mine Counter Measure Vessels, and Submersible Autonomous Vessels. These will enhance mobility, air defence, logistics efficiency, and maritime security," the Ministry of Defence mentioned in a social media post. Meanwhile, capital market stocks, including BSE, Angel One and Motilal Oswal Financial Services witnessed a major drop on D-street after the market watchdog, Securities and Exchange Board of India (Sebi), banned Jane Street Group and its associated entities from Indian markets. All eyes on earnings With markets trading in the consolidation zone, analysts believe that the upcoming earnings season will provide directional cues for the coming weeks. "The cap to the upside of the range is put by the tepid earnings growth and expectations of modest earnings growth in FY26. Investors should watch for possible changes in the earnings growth trajectory, the indications of which will be available in the Q1 results, which will start coming soon," said VK Vijayakumar, chief investment strategist at Geojit Investments.
India Today
03-07-2025
- Automotive
- India Today
Sensex, Nifty struggle for direction as markets await India-US deal news
Benchmark stock market indices opened higher on Thursday, tracking global markets which rallied due to the US-Vietnam trade deal. However, the indices quickly erased early gains to trade flat, iminutes after the opening S&P BSE Sensex was down by 13.01 points to 83,396.68, while the NSE Nifty50 lost 3.70 points to 25,449.70 as of 9:29 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that Nifty is likely to trade in the 25200-25800 range for some more time till a trigger breaks the range."A positive trigger can come from a possible India-US trade deal to be announced in a few days. The US-Vietnam trade deal indicates the eagerness of the US administration to strike as many trade deals as possible since deals with EU and Japan appear unlikely soon," he Paints topped the gainers with a 1.33% jump, followed by Tata Steel, up 1.12%. Infosys rose 0.69%, Mahindra & Mahindra gained 0.51%, and Tech Mahindra climbed 0.39%.Kotak Mahindra Bank fell the most at 1.74%, followed by Bajaj Finance, down 1.49%. Bajaj Finserv dropped 0.89%, Trent declined 0.88%, and NTPC slipped 0.52%. The Nifty indices opened with mixed performance. Nifty Midcap 100 gained 0.18%, Nifty Smallcap rose 0.11%, while India VIX fell 0.86%, showing reduced market sectors posted gains at the opening. Nifty Auto led with a 0.60% rise, followed by Nifty Metal up 0.52%, Nifty Oil & Gas gaining 0.48%, Nifty Healthcare rising 0.26%, Nifty IT up 0.24%, and Nifty Pharma climbing 0.16%.On the losing side, Nifty Media dropped 0.36%, Nifty PSU Bank fell 0.27%, Nifty Private Bank declined 0.19%, Nifty Consumer Durables slipped 0.11%, Nifty Financial Services was down 0.09%, Nifty Realty dropped 0.06%, and Nifty FMCG fell 0.02%.advertisementVijayakumar said that some recent data from the US indicate negative news on the jobs front."This can trigger more capital outflows from the US and further weakening of the dollar, which has already depreciated by more than 10% this year. This is good news for EMs like India. But the challenge is the tepid earnings growth in India and indications of only modest earnings growth in FY26," he added."Given the weak micros and high valuations, the market will face hurdles in its attempt to break out above the upper end of the range," said Vijayakumar. (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.)- Ends
India Today
02-07-2025
- Business
- India Today
Sensex ends 288 points lower, Nifty settles below 25, 500; Tata Steel down 4%
Benchmark stock market indices ended lower on Wednesday as investors traded cautiously ahead of Q1 result announcements from India Inc and the looming tariff S&P BSE Sensex was down 287.60 points to end at 83,409.69, while the NSE Nifty50 lost 88.40 points to end at 25, Nair, Head of Research, Geojit Investments Limited, said that mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution."Market attention is gradually shifting to crucial Q1 earnings, which have high expectations. Underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. However, being at the breach level of the recent rally, a cautiousness is expected to continue in the near term," he Sensex ended trading with mixed results today. Tata Steel topped the gainers with a massive 3.72% surge, followed by Asian Paints up 2.15%. UltraTech Cement rose 1.60%, Trent gained 1.43%, and Maruti Suzuki climbed 1.38%.Bajaj Finserv fell the most at 2.10%, followed by Larsen & Toubro down 1.87%. Bajaj Finance dropped 1.48%, HDFC Bank declined 1.30%, and Bharat Electronics slipped 1.28%. Nifty Midcap 100 fell 0.14%, Nifty Smallcap dropped 0.41%, while India VIX declined 0.65%, showing reduced market sectors posted gains at the close. Nifty Metal led with a 1.41% rise, followed by Nifty Consumer Durables up 1.04%, Nifty Healthcare gaining 0.34%, Nifty Auto rising 0.32%, Nifty Pharma up 0.32%, and Nifty IT climbing 0.12%.Nifty Realty dropped the most at 1.44%, followed by Nifty Financial Services down 1.09%, Nifty Private Bank falling 0.65%, Nifty Media declining 0.36%, Nifty Oil & Gas slipping 0.17%, and Nifty FMCG down 0.12%.advertisement"Nifty50 tested its immediate support at 25,400, while 25,600 remains a key resistance level. A decisive break of either level is likely to lead to a directional move," said Aditya Gaggar, Director of Progressive Shares. (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.)- Ends
