ET Market Watch: Sensex Falls 636 pts
Transcript
Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:
The stock markets took a hit today! Sensex fell 636 points, Nifty dropped 174. Here's why investors are on edge — in 60 seconds:
1. Trump's Trade Move
The US plans to double tariffs on steel & aluminium to 50%. That's bad news for Indian exporters like Tata Steel & Hindalco.
2. Global Slowdown Signs
Manufacturing is shrinking in the U.S. and China. That's a clear red flag for global demand.
3. RBI Policy Ahead
Markets are nervous before Friday's RBI meeting. A rate cut is likely, but what the RBI says will matter more.
4. US Debt Worries
The U.S. is discussing a new $3.8 trillion spending plan. Yields are rising, and that's pulling equities down.
5. Oil Price Volatility
Crude is rising again, thanks to OPEC+ supply cuts. For India, higher oil means inflation risks.
6. Unclear Fed Signals
A Fed rate cut might come later this year—but there's no clear timeline. Markets don't like guessing games.
Takeaway?
₹2.5 lakh crore wiped off BSE market cap in a day. Eyes now on RBI — will it stabilize the mood?
Follow for more clear, crisp market updates!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
6 minutes ago
- Mint
Anil Ambani-owned Reliance Infrastructure share price dips 5% after THIS reply on 155mm artillery shells
Anil Ambani-owned Reliance Infrastructure's stock took a breather on Thursday after a sharp 11% gain in the last trading session, with the scrip declining 5% in intra-day deals today. Apart from profit taking following a sharp rally in recent months, Reliance Infra share price also came under pressure following its response to the exchange on the development of next-gen 155mm artillery shells by the company. The stock exchange BSE had sought a clarification from Reliance Infrastructure on Wednesday about an article in Business Today, titled "Reliance Infra becomes first private Indian firm to develop next-gen 155mm artillery shells". In its response, the Anil Ambani-owned group stock said that it has a number of defence SPVs that are engaged in various businesses, including one SPV which is in the process of developing ammunition with the DRDO project of the Government of India. "The activities are routine in nature as per the objectives of the company. There were no negotiations as per our knowledge and information," the company said. Furthermore, it added that the development of ammunition by a subsidiary company is in the normal course of business and is not a disclosable event. Reliance Infra also said that as on date, there was no order from the Indian Army for ammunition under development. Meanwhile, in a major relief for Reliance Infra, National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against the company that were initiated by IDBI Trusteeship Services Ltd over an alleged default of ₹ 88 crore. The ADAG stock Reliance Infrastructure declined as much as 4.8% in intra-day trade on Thursday. It hit the day's low of ₹ 362. However, this fall is a small dent in the massive rally the Reliance Infrastructure share price has seen recently. The BSE Smallcap stock is up 17% in a week and 68% in three months. In 2025 so far, Reliance Infra share has added 15.60% while it has emerged as a multibagger stock over a year, rallying 146%. As of 3.20 pm, Reliance Infrastructure share price was at ₹ 373.80, down 1.75%. Disclaimer: This story is for educational purposes only. 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
7 minutes ago
- Mint
Eternal share price extends rally for second straight session. Stock up 16% in six days; more steam left?
Shares of Eternal, the parent company of foodtech and quick commerce platform Zomato, surged nearly 6% on Thursday, extending their upward momentum amid robust buying interest. Eternal shares rose as much as 5.9% to ₹ 260.22 apiece on the NSE, emerging as the top gainer on the Nifty 50 index. The rally in Eternal share price was supported by heavy trading volumes, with around 11 crore shares changing hands on the exchanges — significantly higher than Eternal stock's monthly average trading volume of 8 crore shares. Eternal shares have risen approximately 16% over the last six sessions, posting gains in five out of the past six trading days. The stock's recent uptrend was buoyed by a bullish report from Morgan Stanley, which reaffirmed its 'Overweight' rating on Eternal. The global brokerage cited the company's leadership position in food delivery and quick commerce, along with a strong balance sheet and cost-efficient operations, as key drivers of its positive outlook. Morgan Stanley has maintained a Eternal share price target price of ₹ 320, implying an upside of over 30% from the previous closing level. The brokerage also raised its gross order value (GOV) estimates for Eternal's quick commerce segment for FY26–28 by 9–11%, citing accelerated customer acquisition, a broader city footprint, amid a growing addressable market. Eternal share price has delivered a strong performance across timeframes, gaining 7% in the past one month and 13% over the last three months. On a yearly basis, Eternal stock price has risen 40%, while it has delivered multibagger returns of 261% in two years. At 3:15 PM, Eternal share price was trading 4.32% higher at ₹ 256.10 apiece on the BSE. 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
7 minutes ago
- Mint
Dassault Aviation partners with Tata to manufacture first-ever Rafale fighter aircraft fuselage in India
Dassault Aviation and Tata Advanced Systems Limited have signed four Production Transfer Agreements to manufacture the Rafale fighter aircraft fuselage in India, marking a significant step forward in strengthening the country's aerospace manufacturing capabilities and supporting global supply chains. This facility represents a significant investment in India's aerospace infrastructure and will serve as a critical hub for high-precision manufacturing. Under the scope of the partnership, Tata Advanced Systems will set up a cutting-edge production facility in Hyderabad for the manufacture of key structural sections of the Rafale, including the lateral shells of the rear fuselage, the complete rear section, the central fuselage, and the front section. The first fuselage sections are expected to roll off the assembly line in FY2028, with the facility expected to deliver up to two complete fuselages per month. 'For the first time, Rafale fuselages will be produced outside France. This is a decisive step in strengthening our supply chain in India. Thanks to the expansion of our local partners, including TASL, one of the major players in the Indian aerospace industry, this supply chain will contribute to the successful ramp-up of the Rafale, and, with our support, will meet our quality and competitiveness requirements', said Eric Trappier, Chairman and CEO of Dassault Aviation. This partnership aims to strengthen India's position as a key player in the global aerospace supply chain while supporting its goal of greater economic self-reliance. Tata Advanced Systems Limited, a wholly owned subsidiary of Tata Sons, is a significant player for aerospace and defence solutions in India. It offers a full range of integrated solutions across: Aerostructures, Aeroengines, Airborne Platforms Systems, Defence & Security, and land Mobility. Sukaran Singh, Chief Executive Officer and Managing Director, Tata Advanced Systems Limited, said, 'This partnership marks a significant step in India's aerospace journey. The production of the complete Rafale fuselage in India underscores the deepening trust in Tata Advanced Systems' capabilities and the strength of our collaboration with Dassault Aviation. It also reflects the remarkable progress India has made in establishing a modern, robust aerospace manufacturing ecosystem that can support global platforms.'
