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Hindustan Times
2 hours ago
- Business
- Hindustan Times
Sensex and Nifty surge on optimism over US trade deal
Benchmark indices Sensex and Nifty rallied in early trade on Wednesday amid optimism around a possible trade agreement with the US. India's manufacturing sector growth rose to a 14-month high of 58.4 in June.(REUTERS file) Buying in IT blue-chip stocks also drove the equity markets higher during the initial trade. The 30-share BSE Sensex climbed 236.56 points to 83,933.85 in early trade. The 50-share NSE Nifty went up by 66.3 points to 25,608.10. From the Sensex firms, Infosys, Tech Mahindra, Tata Steel, Sun Pharma, Tata Consultancy Services and Tata Motors were among the biggest gainers. However, Bajaj Finserv, Asian Paints, Bharat Electronics and Bajaj Finance were among the laggards. India's manufacturing sector growth rose to a 14-month high of 58.4 in June marked by improved trends in output and new orders, alongside a record upturn in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index – an indicator of sector performance - was 57.6 in May. "The market is expected to open on a positive note, supported by strong domestic cues such as a 14-month high in manufacturing PMI, a narrowing trade deficit, and optimism around a potential trade agreement with the US," Vikas Jain, Head of Research at Reliance Securities, said in his pre-market views. Gross GST collection increased by 6.2 per cent to over ₹ 1.84 lakh crore in June but slipped below the ₹ 2 lakh crore mark recorded in the previous two months. The GST mop-up stood at ₹ 1.74 lakh crore a year ago, as per government data released on Tuesday. "After breaking the 24,500-25,000 range Nifty has moved to the new range of 25,200-25,800. Positive news about a possible trade deal between India and the US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs," VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index were trading lower while Hong Kong's Hang Seng index quoted higher. The US markets ended on a mixed note on Tuesday. Global oil benchmark Brent crude traded 0.06 per cent up at USD 67.15 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹ 1,970.14 crore on Tuesday, according to exchange data. In the previous trading session, the Sensex rose by 90.83 points or 0.11 per cent to settle at 83,697.29. The Nifty gained 24.75 points or 0.10 per cent to close at 25,541.80.
India Today
3 hours ago
- Business
- India Today
Sensex, Nifty open higher as IT stocks rally on hopes of US-India trade deal
Benchmark stock market indices opened higher on Wednesday, buoyed by optimism over a possible US-India trade deal. IT stocks rallied in early trading, pushing markets S&P BSE Sensex was up 103.13 points to 83,800.42, while the NSE Nifty50 added 21 points to 25,562.80 as of 9:28 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that positive news about a possible trade deal between India and US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long."There are no indications yet of a strong rebound in earnings. GST collections data for June indicates sluggish growth. Auto sales numbers for June also indicates subdued sales. In brief, there is no room for the market to sustain the upward momentum given the high valuations," he Sensex opened on a positive note today with IT and pharma stocks leading the charge. Infosys topped the gainers with a strong 1.79% jump, followed by Tata Consultancy Services up 0.93%. Sun Pharma rose 0.74%, Tata Steel gained 0.72%, and NTPC climbed 0.71%.Bajaj Finserv fell the most at 1.09%, followed by Asian Paints down 0.95%. Bharat Electronics dropped 0.71%, Bajaj Finance declined 0.59%, and Eicher Motors slipped 0.54%. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs. How long this resilience will hold remains to be seen. The Fed chief Jerome Powell has indicated that there is no room for a rate cut immediately. This will rein in the enthusiasm of the Ends
Mint
a day ago
- Business
- Mint
Nifty's July Rally: Can the market repeat its 9-out-of-10 winning streak?
July has long been a favourable month for Indian equities, and July 2025 appears poised to uphold that tradition. The Nifty index, which has posted positive returns in nine out of the past ten Julys, is entering the month on a strong note backed by supportive macroeconomic cues and resurgent foreign institutional investor (FII) activity. With historical trends pointing to consistent gains and several bullish triggers in play, market participants are optimistic that the index will deliver yet another robust performance this month. The Nifty's July track record is among the most consistent in recent history. From 2015 to 2024, the index delivered a gain in every July except 2019, when it declined by 5.69 percent. That lone exception aside, the momentum has largely been positive, with particularly strong performances of 8.73 percent in 2022 and 7.49 percent in 2020. Even in relatively muted years like 2021 and 2023, the Nifty still managed to inch higher, posting gains of 0.26 percent and 2.94 percent respectively. In 2024, the index clocked a solid 3.92 percent return, reinforcing July's reputation as a seasonally strong period for Indian equities. Several tailwinds are converging to make July 2025 another potentially strong month for the market. A key factor is the return of foreign institutional investors as net buyers. FIIs have now turned net positive for the fourth straight month, reflecting growing confidence in the Indian growth story. Additionally, macroeconomic conditions have turned supportive. Crude oil prices have declined over 11 percent in the past week, providing relief on the inflation front, while the Indian rupee has appreciated 1.3 percent—its best weekly performance since January 2023. The global sentiment is also upbeat, with easing geopolitical tensions in West Asia and expectations of a potential US Federal Reserve rate cut boosting risk appetite globally. On Wall Street, key indices like the S&P 500 and Nasdaq have reached new all-time closing highs, further enhancing the overall risk-on environment. Domestically, investors are also eyeing the upcoming Q1 earnings season for cues on corporate performance. Early signs of stable or improving earnings could act as a further catalyst for the Nifty. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that global equity markets are reflecting positive sentiment, with the US "mother market" hitting record highs. "West Asian geopolitics is no longer a threat to global economy or markets. Strong macros of the Indian economy can facilitate increasing fund flows into Indian equity," he said. Vijayakumar added that the continued weakness in the US dollar, with the dollar index now at 96.81, reduces the risk of FII outflows and may even support further buying despite rich valuations. However, he cautioned that poor earnings growth remains a concern, and progress on an India-US trade deal will be crucial in determining near-term direction. With a solid historical foundation, favourable domestic and global macro trends, and renewed foreign investor interest, July 2025 appears well-positioned to continue Nifty's winning streak. While corporate earnings and trade developments will be closely watched, the month has all the ingredients for another leg higher in the ongoing bull market. Investors may find this period opportune, but caution is warranted until earnings visibility improves. 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.
Mint
a day ago
- Business
- Mint
Indian stock market: Can Nifty 50, Sensex climb to a new peak in July 2025?
Indian stock market: Indian benchmark stock indices edged up slightly on Tuesday, supported by positive cues from Asian markets and heightened investor focus on ongoing trade negotiations with the United States ahead of President Donald Trump's July 9 tariff deadline. Around 9:33 am, the BSE Sensex had gained 200 points, or 0.24%, to reach 83,807, while the Nifty50 was up by 66 points, or 0.26%, trading at 25,583. ' Sustained weakness in the dollar ( dollar index now at 96.81) means the possibility of heavy selling by FIIs is low. They might even continue to buy despite high valuations. Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal will be positive and if it does not happen the market is likely to be impacted. The main market concern continues to be the poor earnings growth. There are no clear indications yet of strong recovery in earnings growth. Auto stocks will respond to today's auto sales numbers,' said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Historically, July has been a seasonally positive month for equities, and the current setup suggests the potential for this momentum can sustain although volatility may persist. According to Ranju Rajan, Head of Managed Accounts, Axis Securities, the market is currently trading just 2–3% below its all-time high. If key triggers align positively, it offers potential extension of positive momentum/new high during the July–September 2025 quarter. Several brokerages have forecast that the Nifty could approach or even surpass its previous peak this month. Pranay Aggarwal, Director and CEO, Stoxkart, said that investors should remain cautious of external risks such as potential volatility from global interest rate movements, trade-related developments, and increased IPO activity that could temporarily absorb liquidity. ' Despite these headwinds, the broader market momentum, particularly in large-cap and small-cap segments, indicates a constructive outlook for the near term,' said Aggarwal. The tone of the quarterly earnings season is expected to be constructive, with strong domestic demand, margin stability, and select sector outperformance likely to support investor sentiment. Robust earnings delivery could act as a catalyst for further upside. The upcoming tariff extension deadline is a critical event. A status quo or favorable or neutral outcome (i.e., no negative surprises) may be viewed as an opportunity by the market, further reducing uncertainty and boosting risk appetite. As events unfold and quarterly results are supportive, specific sectors or stocks will showcase structural growth, which will continue to drive a bottom-up stock-picking approach. While short-term volatility may persist, this rotation is expected to keep the broader market buoyant. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
a day ago
- Business
- The Hindu
Sensex, Nifty rebound in early trade mirroring rally in global peers
Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday (July 1, 2025) fter falling in the previous trading session, amid a rally in global markets. Moreover, buying in blue-chip stocks -- Reliance Industries and HDFC Bank -- also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25. From the Sensex firms, Asian Paints, Bharat Electronics, UltraTech Cement, Reliance Industries, HDFC Bank and HCL Tech were among the gainers. However, Trent, Axis Bank, Eternal and Tata Steel were among the laggards. In Asian markets, South Korea's Kospi and Shanghai's SSE Composite index were trading in the positive territory while Japan's Nikkei 225 index quoted lower. The U.S. markets ended higher on Monday (June 30). "With the mother market US setting new record highs, the global equity market mood is positive. West Asian geopolitics is no longer a threat to global economy or markets. Strong macros of the Indian economy can facilitate increasing fund flows into Indian equity," VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. Going forward, the market is likely to be influenced by developments on the tariff front, he added. Global oil benchmark Brent crude dipped 0.24 per cent to USD 67.61 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth ₹831.50 crore on Monday, according to exchange data. In the previous trade, the Sensex dropped 452.44 points or 0.54 per cent to settle at 83,606.46. The Nifty declined 120.75 points or 0.47 per cent to 25,517.05.
