Sun Pharma Share Price Live Updates: Sun Pharma's beta value highlights market resilience
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Economic Times
2 hours ago
- Economic Times
ET Market Watch: Why Indian markets crashed - Trump tariffs & Rs 27,000 crore FII selloff explained
Transcript Hi, you're listening to ET Markets Radio. I'm your host, Neha Vashishth Mahajan. Welcome to a fresh episode of ET Market Watch, where we bring you the latest from the world of stock markets every single day. Let's get to it. Indian equity markets ended the week deep in the red. The Sensex slipped 586 points, while the Nifty closed below 24,570. But what exactly triggered this market meltdown? Let's break down the six key reasons: Reason 1: Trump's Tariff Bombshell U.S. President Donald Trump imposed a sweeping 25% tariff on Indian exports. Even though India avoided further penalties, the announcement rattled investors and revived trade war fears. Reason 2: Relentless FII Selling Foreign Institutional Investors have been dumping Indian stocks for 9 straight sessions. The total outflow? A massive ₹27,000 crore. On Thursday alone, they sold ₹5,589 crore. FIIs have also built a record 90% short positions — the most bearish setup since March 2023. Reason 3: Weak Global Cues Asian markets fell across the board — with indices in Japan, China, Korea, and Taiwan all trading lower. The MSCI Asia ex-Japan index dropped 1.5%, while European markets and U.S. futures also showed weakness. Investors globally are turning risk-averse. Reason 4: Dollar Index Surge The U.S. dollar index climbed past 100, its highest in two months. This has intensified FII outflows and raised the cost of foreign borrowing for Indian corporates. Reason 5: Pharma Stocks Under Pressure The White House urged 17 major drugmakers, including Indian pharma giants, to cut U.S. prescription prices. Sun Pharma fell 4.5% after a downgrade, dragging down the entire Nifty Pharma index by 3.3%. Reason 6: Technical Breakdown From a technical standpoint, the Nifty broke below key support at 24,600. Analysts now see the next stop between 24,400 and 24,180. On the upside, 24,800 to 25,000 will act as a major hurdle. So what's the bottom line? A potent mix of trade tensions, relentless FII selling, and technical weakness is dragging the market lower. Experts advise caution and a hedged approach until clear reversal signals emerge. That's all from me today. This is Neha Vashishth Mahajan, and you've been listening to ET Markets Radio. Stay tuned and stay informed.
Time of India
2 hours ago
- Time of India
ET Market Watch: Why Indian markets crashed - Trump tariffs & Rs 27,000 crore FII selloff explained
Transcript Hi, you're listening to ET Markets Radio. I'm your host, Neha Vashishth Mahajan. Welcome to a fresh episode of ET Market Watch, where we bring you the latest from the world of stock markets every single day. Let's get to it. Indian equity markets ended the week deep in the red. The Sensex slipped 586 points, while the Nifty closed below 24,570. But what exactly triggered this market meltdown? Let's break down the six key reasons: Reason 1: Trump's Tariff Bombshell U.S. President Donald Trump imposed a sweeping 25% tariff on Indian exports. Even though India avoided further penalties, the announcement rattled investors and revived trade war fears. Reason 2: Relentless FII Selling Foreign Institutional Investors have been dumping Indian stocks for 9 straight sessions. The total outflow? A massive ₹27,000 crore. On Thursday alone, they sold ₹5,589 crore. FIIs have also built a record 90% short positions — the most bearish setup since March 2023. Reason 3: Weak Global Cues Asian markets fell across the board — with indices in Japan, China, Korea, and Taiwan all trading lower. The MSCI Asia ex-Japan index dropped 1.5%, while European markets and U.S. futures also showed weakness. Investors globally are turning risk-averse. Reason 4: Dollar Index Surge The U.S. dollar index climbed past 100, its highest in two months. This has intensified FII outflows and raised the cost of foreign borrowing for Indian corporates. Reason 5: Pharma Stocks Under Pressure The White House urged 17 major drugmakers, including Indian pharma giants, to cut U.S. prescription prices. Sun Pharma fell 4.5% after a downgrade, dragging down the entire Nifty Pharma index by 3.3%. Reason 6: Technical Breakdown From a technical standpoint, the Nifty broke below key support at 24,600. Analysts now see the next stop between 24,400 and 24,180. On the upside, 24,800 to 25,000 will act as a major hurdle. So what's the bottom line? A potent mix of trade tensions, relentless FII selling, and technical weakness is dragging the market lower. Experts advise caution and a hedged approach until clear reversal signals emerge. That's all from me today. This is Neha Vashishth Mahajan, and you've been listening to ET Markets Radio. Stay tuned and stay informed.
The Hindu
5 hours ago
- The Hindu
Markets extend losses on global sell-off amid U.S. tariff concerns; Sensex tanks 586 points
Equity benchmark indices Sensex and Nifty declined sharply for the second straight session on Friday (August 1, 2025), tracking deep losses in metal, IT and telecom stocks amid trade-related concerns and widespread selling pressure in global markets. Besides, persistent selling by foreign investors added to the gloom, according to experts. In a volatile trade, the 30-share BSE Sensex tumbled 585.67 points or 0.72% to settle at 80,599.91. During the day, it dropped 690.01 points or 0.84% to 80,495.57. The 50-share NSE Nifty declined 203 points or 0.82% to 24,565.35. U.S. President Donald Trump unveiled sweeping new tariffs on dozens of countries, including 25% duties for goods from India, marking a new era of American protectionism that triggered fresh tensions and concerns over a much wider disruption in the global trade landscape. From the Sensex firms, Sun Pharma tumbled 4.43% after the company reported a 20% year-on-year decline in consolidated net profit to ₹2,279 crore for the first quarter ended June 30, 2025. Tata Steel, Maruti, Tata Motors, Infosys, Bharti Airtel and Tech Mahindra were also among the laggards. However, Trent, Asian Paints, Hindustan Unilever, ITC, Kotak Mahindra Bank, and Reliance Industries were the gainers. The U.S. President signed an executive order on Thursday that raised tariffs for over five dozen countries, with Washington's negotiations for trade deals going down to the wire ahead of the August 1 deadline. In the Executive Order titled 'Further Modifying The Reciprocal Tariff Rates', Mr. Trump announced tariff rates for nearly 70 nations. A 25% "Reciprocal Tariff, Adjusted" has been imposed on India, according to the list released. The order, however, does not mention the "penalty" that Mr. Trump had said India would have to pay because it purchases Russian military equipment and energy. While August 1 was the tariff deadline, the new levies will come into effect from August 7. Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,588.91 crore on Thursday, according to exchange data. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower. Equity markets in Europe were trading in the red. The U.S. markets ended in negative territory on Thursday. Global oil benchmark Brent crude declined 0.39% to $71.42 a barrel. On Thursday, the Sensex declined 296.28 points or 0.36% to settle at 81,185.58. The Nifty dropped 86.70 points or 0.35% to 24,768.35.
