No need to panic yet, says Manishi Raychaudhuri, citing potential exemptions for key sectors
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Time of India
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- Time of India
Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap stock with 111% returns in 3 years
Live Events Nazara Technologies share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Star investor Rekha Jhunjhunwala , after inheriting her husband Rakesh Jhunjhunwala's 10.82% stake in Nazara Technologies , has now completely exited her position in the company, a prominent player in India's gaming and sports media sector. The stock has delivered an impressive 111% return over the past three Technologies' stock is backed by some influential investors, including Madhusudan Kela and Nikhil March 2025, Rekha Jhunjhunwala had a 7.06% stake in the company, holding a total of 61,83,620 shares. However, by June, Rekha exited Nazara Technologies , selling her entire June 13, Jhunjhunwala sold her stake in Nazara Technologies, offloading 13 lakh shares on the BSE and another 14 lakh shares on the NSE, at an average price of Rs 1,225.19 and Rs 1,225.63, respectively. The combined deal value stood at approximately Rs 334 crore. This marked the completion of her exit from the company, however, continues to be backed by other notable investors. Madhusudan Kela, who holds 10,96,305 shares, owns 1.18% of Nazara Technologies. Meanwhile, Nikhil Kamath, through his firm Kamath Associates, holds 15,04,782 shares, representing a 1.62% stake in the Rekha Jhunjhunwala publicly holds 25 stocks, with a combined net worth exceeding Rs 38,918.10 crore, according to the latest corporate shareholding disclosures available on as of June 2025, Jhunjhunwala's net worth was valued at Rs 42,252.90 crore, marking a stellar 149% jump from March 2025, according to the past year, the shares of Nazara Technologies have increased by 40.01%, while year-to-date (YTD), the stock has increased by 31.81%. In the last six months, the price has increased by 42.07%, and over the past three months, the stock has surged 31.35%. In the past month, the stock price went up by 2.38%.On Friday, Nazara Technologies shares closed 1.44% lower at Rs 1,331.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 hours ago
- Time of India
Trump's 25% Tariff on Indian Exports: A headline risk, not a structural threat
Sectoral Impact: Short-Term, Not Structural Live Events A Reality Check: The Numbers Tell the Story Strategic Positioning & Policy Backstop Implications for the Capital Market Conclusion (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The recent announcement by U.S. President Donald Trump of a proposed 25% tariff on select Indian exports has understandably stirred concerns among market participants tracking India's capital markets. While the headlines may sound alarming, it's important to put this development into perspective and assess its true economic me begin by stating clearly: this is not a significant threat to India's economic engine or its long-term investment there could be short-term headwinds for specific export-intensive sectors—particularly engineering goods, pharmaceuticals, auto components, textiles, and select metals and chemicals. These industries may face margin compression, supply chain friction, and temporary stock price the broader foundation of the Indian economy remains intact and resilient.*India's nominal GDP has crossed USD 4 trillion, positioning it as the fifth-largest economy in the world.*In FY 2024–25, India recorded total exports of USD 824.9 billion, which includes both goods and services. This constitutes roughly 20% of GDP, meaning that 80% of GDP is driven by domestic demand—a testament to India's robust internal economic activity.*Of the total goods exports, shipments to the U.S. stood at USD 87.4 billion, while imports from the U.S. were USD 41.8 billion.*Thus, exports to the U.S. account for just around 2% of India's GDP. Even if a subset of these is impacted by the tariffs, the macroeconomic fallout remains limited.*It's also worth noting that key growth sectors like IT services, digital exports, mobile phones, agri-tech, and clean energy remain largely untouched by these proposed tariff external trade diversification is another buffer. Exporters are actively expanding into markets across the Middle East, Africa, Southeast Asia, and Latin America, reducing over-reliance on Western diplomatic engagement continues. The 6th round of U.S.-India trade talks is scheduled for August 2025, and historical precedent suggests a realistic possibility of a rollback or sector-specific reprieve—as seen during earlier interactions with the Trump refusal to open its agriculture and dairy markets reflects a confident and principled trade stance. This underscores India's emergence as a credible global economic initiatives like Atmanirbhar Bharat, PLI schemes, infrastructure investments, and digital transformation are significantly boosting India's manufacturing competitiveness and supply chain independence. These initiatives act as policy cushions against external should differentiate between sentiment-driven volatility and long-term structural some export-led stocks may experience corrections in the near term, India's broader market indices remain supported by:*Robust domestic consumption*Stable macroeconomic indicators*Healthy credit growthMoreover, foreign portfolio investments (FPIs) continue to flow into domestic-facing sectors like financials, infrastructure, consumption, and energy transition, reaffirming global investor confidence in India's long-term proposed U.S. tariff is a tactical disruption, not a strategic derailment. With:*Low GDP exposure to impacted goods*Policy preparedness*Expanding trade partnerships, and*Strong domestic demandIndia is well-equipped to weather such external should view this episode as a short-term sentiment overhang—not a fundamental threat. The Indian growth story remains robust, broad-based, and attractively poised for the long term.
Economic Times
3 hours ago
- Economic Times
US stocks slump on latest tariffs, soft jobs data
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel U.S. stocks slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling weighing on equities was an 8.3% tumble in shares after the company posted quarterly results but failed to meet lofty expectations for its Amazon Web Services cloud computing hours before the tariff deadline on Friday, President Donald Trump signed an executive order imposing duties on U.S. imports from countries, including Canada, Brazil, India and Taiwan, in his latest round of levies as countries attempted to seek ways to reach better denting confidence in the economic picture, data showed U.S. job growth slowed more than expected in July while the prior month's report was revised sharply lower, indicating the labor market may be starting to report significantly pushed up expectations the Federal Reserve will cut interest rates at its September meeting."There's no way to pretty-up this report. Previous months were revised significantly lower where the labor market has been on stall-speed," said Brian Jacobsen, Chief Economist at Annex Wealth Management in Menomonee Falls, Wisconsin."Last year the Fed messed up by not cutting in July so they did a catch-up cut at their next meeting. They'll likely have to do the same thing this year." Market expectations the Fed will cut rates by at least 25 basis points at its September meeting stood at 86.5%, according to CME's FedWatch Tool, up from 37.7% in the prior Dow Jones Industrial Average fell 542.40 points, or 1.23%, to 43,588.58, the S&P 500 lost 101.38 points, or 1.60%, to 6,238.01 and the Nasdaq Composite lost 472.32 points, or 2.24%, to 20, S&P 500 recorded its biggest single-day percentage decline since May 21 while the Nasdaq suffered its biggest daily percentage drop since April the week, the S&P 500 fell 2.36%, the Nasdaq declined 2.17%, and the Dow fell 2.92%.The CBOE Volatility Index, also known as Wall Street's fear gauge, closed up 3.66 points at 20.38, its highest close since June was the biggest drag on the Dow, S&P 500 and Nasdaq and pushed the consumer discretionary index, down nearly 3.6% as the worst performing of the 11 major S&P 500 reporting earnings was Apple , which lost 2.5% after it posted a current-quarter revenue forecast well above Wall Street estimates, but CEO Tim Cook warned U.S. tariffs would add $1.1 billion in costs over the briefly extended declines after Trump said he ordered the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, to be fired in the wake of the jobs data."(Trump) didn't seem to be disappointed with the last five jobs reports," said Art Hogan, Chief Market Strategist, B. Riley Wealth, Boston, saying that the firing stood out as irregular."I think this is clearly something that happens in dictatorships, not in democracies."The Federal Reserve said Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, enabling President Donald Trump to select a new governor as he has ramped up pressure against Chair Jerome Powell recently to cut interest issues outnumbered advancers by a 2.17-to-1 ratio on the NYSE, and by a 2.69-to-1 ratio on the S&P 500 posted eight new 52-week highs and 29 new lows, while the Nasdaq Composite recorded 29 new highs and 202 new on U.S. exchanges was 19.51 billion shares, compared with the 18.44 billion average for the full session over the last 20 trading days.
