Latest news with #PSE
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.
India.com
7 days ago
- Business
- India.com
Sensex, Nifty Open Flat As Markets Look For New Positive Triggers
Mumbai: The Indian equity indices opened flat on Thursday, as markets looked for new triggers to break out of the consolidation range. At 9.2 am, Sensex was down 15 points at 82,619 and Nifty was down 2 points at 25,210. Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 123 points or 0.18 per cent at 59,741 and Nifty smallcap 100 index was up 70 points or 0.37 per cent at 19,210. On the sectoral front, auto, pharma, FMCG, metal, realty, energy, infra and PSE were major gainers, while IT, PSU bank, financial services and media were major losers. In the Sensex pack, Sun Pharma, M&M, Trent, Kotak Mahindra, Tata Motors, NTPC, BEL, Titan and Power Grid were major gainers. Tech Mahindra, ICICI Bank, Eternal, Axis Bank, Infosys and HUL were major losers. According to analysts, an India-US interim trade deal has been discounted by the market, leaving no scope for a sharp rally decisively breaking the range. 'One positive and surprise factor that can trigger a rally is a tariff rate much below 20 per cent, say 15 per cent, which the market has not discounted. So, watch out for developments on the trade and tariff front,' said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Most Asian stocks traded in a flat-to-low range. Tokyo, Shanghai, Bangkok and Jakarta were trading in the green while Hong Kong and Seoul were in the red. The US market closed in the green on Wednesday due to positive market sentiment. On the institutional front, foreign institutional investors (FIIs) continued to reduce exposure in India, selling equities worth Rs 1,858 crore on July 16. In contrast, domestic institutional investors (DIIs) remained consistent buyers for the 8th straight session, infusing Rs 1,223 crore, lending crucial support to the market amid global uncertainties. The broader trend remains optimistic as long as key support levels are respected, said analysts.
Fashion Network
7 days ago
- Business
- Fashion Network
Comptoir des Cotonniers and Princesse Tam Tam intensify their collaboration
After a first test in 2022, with a shared store opened in Paris (at Les Halles), management intends to intensify the implementation of boutiques housing the offer of both brands. There are currently four such stores. This format is set to proliferate, sometimes on larger surfaces. A new boutique concept is also due to be launched in a few months' time. But this strategy goes hand in hand with a program of store closures, for which the PSE is currently being negotiated with employee representatives. According to newspaper Le Monde, a third of the total number of stores is to be affected, i.e. 26 out of the 90 units operated by the two banners, and 65 jobs. On July 10, the CFDT organized a rally in front of the Uniqlo Opéra store in Paris to protest against the provisions of the redundancy plan, with compensation packages "far inferior" to those obtained during the 2021 and 2023 PSEs. "We refuse to be the collateral victims of a legal choice that allows management to make savings on the backs of its teams", wrote the union in a leaflet, calling for "a real reflection on the future of our brands, refocused on their identity, their history, their know-how, and built with the field. Not yet another meaningless standardization." In an attempt to revive their business, the two labels chaired by Kunii San had announced in the spring of 2024 that they would lower their selling prices by around 30%, in order to reach a wider customer base, particularly the 25-35 age group. Their products have also found a place in some Uniqlo stores. A policy questioned by several fashion industry observers, as described by The Japanese group, which still has the wind in its sails thanks to the Uniqlo locomotive (with sales up 10.7% in the first half of 2024/25), acquired Princesse Tam Tam and Comptoir des Cotonniers just twenty years ago.
Nikkei Asia
11-07-2025
- Business
- Nikkei Asia
Philippine tax cuts spur hope for more IPOs in sluggish market
Traders work on the floor of the Philippine Stock Exchange in Metro Manila: People in the finance industry hope cuts in transaction taxes will breath life into the country's sleepy equity market. © Reuters KATRINA BIANCA CUARESMA MANILA -- On Tuesday morning last week, Philippine President Ferdinand Marcos Jr. rang the opening bell at the Philippine Stock Exchange (PSE) -- not for a new listing but to mark the first day of a law aimed at jump-starting the country's sluggish capital markets. The Capital Market Efficiency Promotion Act (CMEPA), a long-awaited reform designed to slash trading taxes and modernize market rules, took effect on July 1. By lowering transaction costs and bringing the Philippines in line with its ASEAN peers, the law is viewed as a foundational step toward revitalizing a market that has long lagged behind its regional counterparts in liquidity and investor participation.
Mid East Info
08-07-2025
- Business
- Mid East Info
ADPIC-Plenary MOU to advance private sector engagement in Abu Dhabi infrastructure projects - Middle East Business News and Information
ABU DHABI, UAE, Tuesday, July 2025: Leading developer, investor, manager of infrastructure and real assets Plenary Group has formalised a Memorandum of Understanding (MOU) with Abu Dhabi Projects and Infrastructure Centre (ADPIC) to advance Private Sector Engagement (PSE) in infrastructure projects across Abu Dhabi. One of the key outcomes of the Abu Dhabi Infrastructure Summit that was hosted by ADPIC in June, the MOU established a collaborative partnership between the two organisations to plan, develop and implement strategic PSEs within the Emirate. These efforts are part of a broader push to enable impactful PSE models across Abu Dhabi and are being driven in close collaboration with the Abu Dhabi Investment Office (ADIO), ADPIC's strategic partner in attracting private sector expertise and capital into priority infrastructure projects. ADPIC undertakes the review, supervision and monitoring of capital projects in Abu Dhabi, overseeing implementation and delivery to the highest standards of safety, quality and sustainability. It is currently managing initiatives worth more than US$54 billion. 'Strengthening private sector engagement is vital to delivering resilient, efficient, and future-ready infrastructure,' said H.E. Eng. Maysarah Mahmoud Eid, Director General of the Abu Dhabi Projects and Infrastructure Centre. 'This partnership with Plenary reflects our commitment to fostering high-impact collaboration that unlocks long-term value for Abu Dhabi, while supporting innovation, economic diversification, and world-class project delivery.' Plenary CEO Paul Crowe said, 'The MOU strengthens our strategic relationship with ADPIC and reinforces our mutual commitment to advancing private sector engagements across the Emirate. We look forward to collaborating with ADPIC on Abu Dhabi's strong pipeline of PSE projects.' Plenary has partnered with the UAE government to finance and deliver social infrastructure projects since establishing a presence and winning its first project in 2022. It has been awarded three major infrastructure projects in Abu Dhabi to date – including the Emirate's first school infrastructure public-private partnership, the Zayed City Schools project. In 2024, ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, acquired 49% of Plenary, marking the first major inbound investment from the UAE into an Australian company following the signing of the Australia-UAE Comprehensive Economic Partnership Agreement and reinforcing bilateral ties between the two nations. As part of the agreement, Plenary and ADQ have established a co-development and investment platform, Plenary Middle East, to pursue public and social infrastructure opportunities in high-growth regions across the Middle East and Central Asia. The Abu Dhabi Infrastructure Summit, hosted by ADPIC, is a strategic platform that convenes global leaders, investors, and industry experts to explore innovation, investment, and sustainability in infrastructure. The summit supports Abu Dhabi's long-term vision by fostering collaboration and showcasing opportunities that will shape the Emirate's resilient future-ready, built environment.
