Rupee opens weaker on rising trade tensions with US, avoids record low on likely RBI support
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Business Standard
an hour ago
- Business Standard
Stock Market LIVE: GIFT Nifty down, Asia mixed; Trump imposes additional 25% tariffs on Indian goods
Sensex Today | Stock market LIVE, August 7: Markets in the Asia-Pacific region traded mixed after Trump vowed to impose a 100 per cent tariff on semiconductor and chip imports Stock Market LIVE on Thursday, August 7, 2025: Indian benchmark equity indices are likely to have a negative start on Thursday, in the wake of the news that US President Donald Trump has announced the imposition of an additional 25 per cent tariff on Indian exports to the US, citing New Delhi's continued purchases of Russian crude oil. This move brings the total tariff burden to 50 per cent, putting India at a significant disadvantage compared to global competitors, including China, on nearly all merchandise exports to the US. India, in response, condemned the tariff increase, describing the US decision as "unfair, unjustified, and unreasonable." Global cues Markets in the Asia-Pacific region traded mixed after Trump vowed to impose a 100 per cent tariff on semiconductor and chip imports, though companies manufacturing within the US would be exempt. Japan's Nikkei 225 and Australia's S&P/ASX 200 were flat, while South Korea's Kospi index dropped by 0.12 per cent. Overnight in the US, Wall Street's major indices closed higher, boosted by strong corporate earnings, with US yields also rising. The tech-heavy Nasdaq Composite surged by 1.21 per cent, the broader S&P 500 added 0.73 per cent, and the Dow Jones Industrial Average gained 0.18 per cent. ALSO READ | Stocks to Watch today, Aug 7: Bajaj Auto, Hero MotoCorp, Trent, BHEL, Ircon Q1 results The markets will react to Q1 earnings from key companies including, Hero MotoCorp, Bajaj Auto, Bharat Forge, Divis Lab,Trent, BHEL, PVR Inox, Raymond, RITES, Jindal Stainless, Bayer CropScience, Blue Star, Cera Sanitaryware, Datamatics Global, EID Parry India, Electrosteel Castings, Fortis Healthcare, GNFC among others. Several firms are also scheduled to report their results today, including Birlasoft, Data Patterns (India), Edelweiss Financial Services, Emcure Pharmaceuticals, Indigo Paints, General Insurance Corporation of India, CE Info Systems, Global HealthTitan Company, LIC, HPCL, Godrej Consumer Products, Kalyan Jewellers India, Bajaj Electricals, Biocon, Cummins India, Metropolis Healthcare, National Aluminium Company, Kalpataru Projects International, Aegis Logistics, and Apollo Tyres, Medi Assist Healthcare Services, Page Industries, Ramco Industries, Shree Renuka Sugars, and Sai Life Sciences, among others. FII, DII activity In the institutional activity segment, foreign institutional investors (FIIs) net sold shares worth ₹4,196.77 crore. Meanwhile, domestic institutional investors (DIIs) net bought shares worth ₹5,954.61 crore on August 6. IPO today In the mainline segment, the JSW Cement IPO and All Time Plastics IPO will open for public subscription, while the Highway Infrastructure IPO will close for subscription today. In the SME segment, the Sawaliya Foods Products IPO and Connplex Cinemas IPO will open for subscription. Additionally, the basis of allotment for the Bhadora Industries IPO, Parth Electricals & Engineering IPO, Jyoti Global Plast IPO, Aaradhya Disposal Industries IPO, Essex Marine IPO, and BLT Logistics IPO is likely to be finalised today. Commodity corner Oil prices edged higher on Thursday. Brent crude was trading up 0.91 per cent at $67.50 per barrel, while US West Texas Intermediate (WTI) crude was trading with gains of 0.93 per cent at $64.95 per barrel. 8:21 AM Stock Market LIVE Updates: Stocks to Watch today: Bajaj Auto, Hero MotoCorp, Trent, BHEL, Ircon 8:19 AM 8:16 AM Stock Market LIVE Updates: Here's why Wipro and 2 other stocks are on analyst radar today; details 8:12 AM Stock Market LIVE Updates: Asian markets trade mixed Stock Market LIVE Updates: Markets in the Asia-Pacific region traded mixed after Trump vowed to impose a 100 per cent tariff on semiconductor and chip imports, though companies manufacturing within the US would be exempt. Japan's Nikkei 225, and Australia's S&P/ASX 200 were flat, while South Korea's Kospi index dropped by 0.12 per cent. 8:08 AM Stock Market LIVE Updates: Wall Street ends higher Stock Market LIVE Updates: Overnight in the US, Wall Street's major indices closed higher, boosted by strong corporate earnings, with US yields also rising. The tech-heavy Nasdaq Composite surged by 1.21 per cent, the broader S&P 500 added 0.73 per cent, and the Dow Jones Industrial Average gained 0.18 per cent. Connect with us on WhatsApp
Economic Times
an hour ago
- Economic Times
Sawaliya Foods Products IPO: Check GMP, price band, issue size and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The IPO of Sawaliya Foods Products will open for subscription on August 7 and will remain open until August 11. The SME IPO is looking to raise Rs 34.83 crore, comprising a fresh issue of Rs 31.23 crore and an offer for sale worth Rs 3.60 are being offered in a price band of Rs 114 to Rs 120 per equity share, and the stock is scheduled to list on NSE SME on August 14. Ahead of the issue opening, the GMP is Rs lot size for the IPO is 1,200 shares, requiring a minimum investment of Rs 2.74 lakh for retail applicants (2,400 shares).Founded in 2014, Sawaliya Foods Products is a manufacturer and exporter of dehydrated vegetables, supplying to leading packaged food brands both in India and company operates two processing units in Dhar, Madhya Pradesh, with a total capacity of 1,500 metric tonnes. Its products are used in cup noodles, ready-to-eat noodles, pasta, soups, and even pet food follows a zero-waste policy, using or monetizing all input material efficiently. As of June 30, 2025, the company employed 25 people. Its business strengths include a flexible product mix, cost-efficient sourcing, and long-standing relationships with large FMCG Sawaliya Foods has delivered strong growth. Revenue rose 45% YoY to Rs 34.34 crore in FY25, while PAT surged 123% to Rs 6.95 proceeds from the fresh issue will be used for machinery upgrades and solar installation (Rs 7.49 crore), working capital (Rs 10 crore), loan repayment (Rs 4.61 crore), and general corporate issue is being managed by Unistone Capital , with Skyline Financial Services acting as the registrar.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
an hour ago
- Economic Times
JSW Cement IPO opens for subscription today; GMP at 3%. Should you apply?
Live Events Should You Subscribe? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JSW Cement, part of the diversified JSW Group , will open its Rs 3,600 crore IPO for subscription today. The issue, which comprises a fresh issue of Rs 1,600 crore and an offer-for-sale (OFS) of Rs 2,000 crore, will close on August 11. The shares are priced in the range of Rs 139–147 apiece and will be listed on both NSE and BSE. A tentative listing date is set for August investors can bid for a minimum of 75 shares. The IPO has attracted modest grey market activity, with a current grey market premium (GMP) of 3%, indicating muted listing expectations amid broader market volatility and concerns around recent financial in 2009, JSW Cement is one of the fastest-growing cement manufacturers in India by capacity and sales volume over the past company is India's largest manufacturer of Ground Granulated Blast Furnace Slag (GGBS), a by-product of steel production that has emerged as a sustainable alternative to traditional cement in infrastructure projects. It holds an 84 percent market share in this segment, supplying marquee projects like the Mumbai Coastal Road, Bengaluru Airport, and Mumbai Cement's unique green focus — lowest CO2 emission intensity among peers — is tied to its circular economy model, which repurposes industrial by-products and uses alternate fuels like biomass, pharma waste, and these strengths, the company's financials have been uneven. Revenue in FY25 stood at Rs 5,813 crore, down slightly from FY24, while EBITDA contracted to Rs 815 crore from Rs 1,035 crore. Most notably, the company slipped into a net loss of Rs 164 crore in FY25, following a profit of Rs 62 crore in FY24. Margins also fell, with EBITDA margin down to 13.78% from 16.94% a year company attributes the FY25 loss to one-off items and subsidiary underperformance. Yet, analysts note that the issue is valued at 32x EV/EBITDA and 6x P/B — a premium to sector leaders like UltraTech and Shree Cement, which trade at lower EV/EBITDA from the IPO will be used to fund a new integrated cement unit in Nagaur, Rajasthan (Rs 800 crore), repay debt (Rs 520 crore), and for general corporate Bank Securities has issued a "Subscribe" rating for the IPO. While the issue is attractively positioned around the green cement and infrastructure themes, short-term investors may find limited upside given the high valuation, recent loss, and regulatory overhang involving promoter JSW Cement's strong brand association, aggressive capacity expansion, and alignment with government-led infrastructure growth make it a compelling long-term play. Investors with moderate risk appetite and a long-term horizon can consider subscribing.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
