Latest news with #US-India
Hans India
13 minutes ago
- Business
- Hans India
Value buying lifts key indices
Mumbai: Snapping the three-day losing run, benchmark BSE Sensex rebounded by nearly 447 points on Tuesday following value buying in blue-chip Reliance Industries and financial shares. The 30-share BSE Sensex jumped 446.93 points or 0.55 per cent to settle at 81,337.95. During the day, it surged 538.86 points or 0.66 per cent to 81,429.88. The 50-share NSE Nifty climbed 140.20 points or 0.57 per cent to 24,821.10. Among Sensex firms, Reliance Industries rose the most by 2.21 per cent. Gains in HDFC Bank, Larsen & Toubro, Bharti Airtel and Tata Motors also aided the rally. Asian Paints, Adani Ports, Tata Steel, Maruti and Bajaj Finance were also among the gainers. However, Axis Bank, Tata Consultancy Services, Titan and ITC were among the laggards. 'Amidst lingering uncertainties over the ongoing US-India trade negotiations, the domestic equity market staged a modest recovery from intra-day lows. Investor sentiment remains cautious ahead of key global events, including policy decisions from the US Fed and the August 1 reciprocal tariff deadline. 'Sustenance of this rally is likely to be positive in the near term with an eye on the above details, including Q1 results and this week's monthly expiry,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE smallcap gauge jumped 1.10 per cent and midcap rallied 0.84 per cent. All BSE sectoral indices ended higher. Realty surged the most by 1.64 per cent, followed by telecommunication (1.50 per cent), energy (1.22 per cent), industrials (1.20 per cent), healthcare (1.15 per cent), commodities (1.05 per cent) and auto (0.92 per cent). As many as 2,486 stocks advanced while 1,515 declined and 154 remained unchanged on the BSE. 'Indian equities rebounded sharply on Tuesday, breaking a three-day losing streak as value buying and easing volatility lifted sentiment,' Gaurav Garg, Lemonn Markets Desk, said. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,082.47 crore on Monday, according to exchange data. The recovery in the Nifty was driven by oversold positions in heavyweight stocks, coupled with the presence of strong support at the 100-day EMA, Ajit Mishra - SVP, Research, Religare Broking Ltd, said.
Mint
4 hours ago
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 30 July
On Tuesday, the Nifty 50 gained 0.57% amid a volatile session, rebounding after a three-day losing streak. The recovery was fueled by bargain buying in quality stocks, including Reliance Industries, along with strong Q1 earnings from key companies such as Asian Paints and Larsen & Toubro. Despite lingering concerns over the US-India trade negotiations and persistent foreign outflows, renewed domestic buying interest and improved risk sentiment supported a broad-based rally, helping the index close on a positive note. Two stock recommendations by MarketSmith India: Jio Financial Services Ltd (current price: ₹321.10) Why It's recommended: Rapid revenue expansion and diversification, business scale-up, and ecosystem leverage. Key metrics: P/E: 125.59 | 52-week high: ₹ 363 | Volume: ₹848 crore Technical analysis: Trending above all its key moving averages, 50-DMA bounce back, strong institutional holding. Risk factors: Valuation concern and execution pressure, intense competition, regulatory hurdles, and cost escalation. Buy: ₹310-320 Target price: ₹380 in two to three months Stop loss: ₹298 Biocon Ltd (current price: ₹397.95) Why it's recommended: Stable biosimilar performance, subsidiary Syngene showing strong growth, and robust research and development. Key metrics: P/E: 47.06 | 52-week high: ₹406 | Volume: ₹217 crore Technical analysis: Trending above all its key moving averages, cup-with-handle pivot breakout. Risk factors: Weak underlying profitability, structural pressure in generics and research services segments, execution risk, high operating leverage. Buy at: ₹380-395 Target price: ₹454 in two to three months. Stop loss: ₹368 How Nifty 50 performed on 29 July On Tuesday, the Nifty opened on a weak note but recovered steadily throughout the session, closing near the day's high. This intraday rebound led to the formation of a bullish engulfing candle on the daily chart, indicating a potential reversal. All major sectoral and broader market indices ended in positive territory. Notably, realty, pharma, metal, and energy sectors outperformed, while IT stabilized and closed flat. Market breadth improved significantly, with the advance-decline ratio turning positive and settling at 2:1. From a technical standpoint, the index found support near 24,600 and staged a recovery from the day's low. Despite the rebound, it continues to trade approximately 0.90% below its 50-DMA, indicating a prevailing negative bias. The relative strength index (RSI) has begun to tilt upward, suggesting a slight improvement in momentum. However, it remains within the bearish zone. Additionally, the MACD continues to trade below the central line with a negative crossover, reinforcing the cautious near-term outlook. According to O'Neil's methodology of market direction, market status has been downgraded to an "Uptrend Under Pressure" as the Nifty breached its "50-DMA" and the "distribution day count" rose to five. The Nifty 50 found support near 24,600 on Tuesday and ended the session with a positive bias, closing near the day's high. Looking ahead, the price zone of 24,600-24,480 will be crucial, as it represents a strong support area that could anchor any near-term pullbacks. On the upside, immediate resistance is seen at 25,000, followed by 25,300. A sustained move beyond these levels will be essential to confirm a bullish continuation. How Nifty Bank performed yesterday On Tuesday, the Nifty Bank opened on a weak note but recovered steadily throughout the session. It closed near the day's high and formed a bullish candlestick on the daily chart. Both private and PSU Banking indices ended in positive territory, with the recovery largely driven by strength in HDFC Bank. FINNIFTY index also traded with a positive bias, gaining 0.32% and forming another bullish candle on the daily chart, reflecting improved sentiment across the broader financial space. Technically, the Nifty Bank continues to trade below its 50-DMA and closed beneath it on Tuesday, reflecting sustained short-term weakness. The relative strength index (RSI) has turned upward and is currently positioned around 45, indicating a modest improvement in momentum. However, the MACD remains in a negative crossover, suggesting upside strength is limited. Despite this, according to O'Neil's methodology of market direction, the Nifty Bank remains in a 'Confirmed Uptrend,' a status it has maintained consistently over the past several weeks. This major sectoral index continues to trade in a sideways pattern, remaining range-bound between 55,800 and 57,500 over the past few weeks. On the downside, 55,800 serves as a critical support level. A decisive breach below this zone could lead to further weakness toward 55,200-55,000. On the upside, immediate resistance is placed near 56,400. A sustained breakout above this level could open the door for a move toward 57,000-57,500. Until then, the index is likely to remain choppy and directionless in the near term. MarketSmithIndia is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Deccan Herald
6 hours ago
- Business
- Deccan Herald
No trade deal by August 1; India faces higher US tariffs
A team of US trade officials is likely to visit New Delhi from August 25 to take forward the proposed 'bilateral trade agreement' negotiations, official sources said. This means that the US-India trade deal is unlikely this month and even next month.
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First Post
9 hours ago
- Business
- First Post
Trump says India may face 20%–25% tariff, but deal not finalised yet
President Donald Trump said India could face a tariff rate of 20% to 25%, but cautioned that the final decision has not yet been made as both countries continue negotiating a trade deal ahead of the August 1 deadline, according to a report read more President Donald Trump said India could face a tariff rate of 20% to 25%, but cautioned that the final decision has not yet been made as both countries continue negotiating a trade deal ahead of the August 1 deadline. 'I think so,' Bloomberg quoted Trump as telling reporters on Tuesday when asked if that was a possible tariff rate for New Delhi. 'India has been a good friend, but India has charged basically more tariffs than almost any other country,' Trump said aboard Air Force One as he returned to Washington from a five-day visit to Scotland. STORY CONTINUES BELOW THIS AD 'You just can't do that,' he added. US Trade Representative Jamieson Greer told CNBC on Monday that an elusive India trade agreement would require more discussion between the two countries. 'They have expressed strong interest in opening portions of their market, we of course are willing to continue talking to them,' CNN quoted Greer as saying. 'But I think we need some more negotiations on that with our Indian friends to see how ambitious they want to be,' Greer added. President Trump has continued to push US trade partners to open previously restricted markets to American goods, and India is no exception. While neither Washington nor New Delhi has outlined specific points of contention, Indian Commerce Minister Piyush Goyal last week expressed optimism about concluding a deal with the US before Trump's self-imposed August 1 deadline. Although India has not yet received a formal tariff warning letter — a tactic Trump has used with over a dozen other countries — the president set tariffs on Indian goods at 26% on April 2, before putting the 'reciprocal' levies on hold during negotiations. Trump has frequently criticised India over its trade practices. STORY CONTINUES BELOW THIS AD 'They charge more tariffs than any other country,' he had said on February 13, just hours before meeting Prime Minister Narendra Modi. He has also described the US-India trade relationship as 'very tough,' citing a growing trade deficit that has nearly doubled over the past decade. The White House's concerns extend beyond tariffs. According to CNN, Trump administration officials have repeatedly flagged non-tariff trade barriers in India, including taxes on digital services and what they describe as 'uniquely burdensome' import regulations and testing requirements. The United States imported $87 billion in goods from India in 2024, while India imported $42 billion worth of goods from the US, added the report, citing US Commerce Department data. Major US imports from India include pharmaceuticals, communications equipment such as smartphones, and apparel. As the August deadline looms, negotiations remain active — but final decisions on tariffs or trade terms, as with other partners, rest with President Trump. With inputs from agencies STORY CONTINUES BELOW THIS AD
Economic Times
10 hours ago
- Business
- Economic Times
Friday fury ahead? India's tariff clock is ticking
As the August 1st deadline looms, India faces potential US tariffs due to unresolved trade negotiations. The US team's visit on August 25th signals a missed deadline, increasing the risk of punitive measures. Trump's administration may use tariffs to pressure India, impacting key export sectors and straining bilateral relations despite mixed signals. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As the clock ticks toward Friday, August 1, the weight of an unresolved trade deal with the United States is beginning to feel increasingly burdensome for US team will visit India on August 25 -- well after the looming deadline -- for the sixth round of negotiations for the proposed bilateral trade agreement between the two countries, an official told PTI on Tuesday. India faces the strong possibility of punitive tariffs from the US, a development that could send ripples through its export economy and broader diplomatic ties with trajectory of US-India trade negotiations has become emblematic of a broader pattern in Washington's trade posture under President Donald Trump . What began as a bilateral discussion aimed at resolving market access issues and addressing tariff asymmetries has evolved into a high-pressure bargaining exercise marked by missed deadlines and implicit slated for July 9, the deadline for concluding the interim trade deal was extended to August 1 by Trump, ostensibly to give negotiations more room. However, the scheduling of a sixth round of talks for August 25 strongly signals that no agreement will be reached in time to meet the new deadline. This delay, while perhaps reflecting the complexity of the deal, is unlikely to be viewed sympathetically by a White House that has increasingly framed trade as a high-stakes, zero-sum has already shown a willingness to use tariffs as a tool of leverage in trade negotiations, not just with strategic competitors like China, but with allies and partners alike. India, though spared from a tariff notification letter after the July 9 deadline passed, remains very much in the crosshairs. The administration's hesitation to act then may have been strategic: a calculated move to keep India at the table without escalating tensions the upcoming August 1 deadline carries more urgency. Trump could reassert his trademark coercive tactics, using tariffs to pressure India into faster concessions. The risk is amplified by the current political tone in Washington, where trade deals are increasingly judged by their speed and assertiveness rather than the nuances of this context, recent remarks made by Treasury Secretary Scott Bessent stand out as a rare, moderating voice. His assertion that 'quality matters more than timing' suggests a recognition of the complexity involved in crafting a sustainable and equitable trade deal. "We're not going to rush for the sake of doing deals," Bessent told CNBC in an interview nearly a week ago. However, he said that tariffs might re-enter the negotiation toolkit if progress stalls, effectively undermining the very caution he advocates. "We'll see what the President wants to do," he said. "But again, if we somehow boomerang back to the August 1 tariff, I would think that a higher tariff level will put more pressure on those countries to come up with better agreements."This duality -- between a push for quality and a readiness to use tariffs -- mirrors the broader contradictions in the Trump administration's trade approach. While the US claims to be seeking mutual benefit, the reliance on deadlines, threats and unilateral pressure points to a strategy of deal-making by domination rather than now finds itself in a delicate position. With little time left before the August 1 deadline, and no further negotiations scheduled until August 25, it must brace for the economic and diplomatic fallout of potential US tariffs. Key export sectors such as pharmaceuticals and textiles could be hit hard by sudden trade barriers. Moreover, the imposition of tariffs would inject fresh tension into an already complex bilateral relationship, one that spans not just trade but also defense, regional security and technology cooperation. If Washington proceeds with punitive measures, it risks alienating one of its key strategic partners in Asia at a time when counterbalancing China is high on both nations' August 1 approaches, India faces an unenviable situation: a deadline without a deal, and a partner unwilling to wait. The scheduling of the next round of talks for August 25 makes it all but certain that the two sides will miss the current window for an interim agreement. What remains to be seen is whether Trump will act on his threats or hold off once more in the hope of securing a better, more stable outcome of the immediate outcome, the broader takeaway is clear: India must prepare for a more transactional and turbulent trade relationship with the US, where pressure and pace increasingly trump patience and process.
