Latest news with #AdityaBirlaSunLifeAMCLtd
Indian Express
5 days ago
- Business
- Indian Express
Sensex down 0.34%, Nifty slips below 24,500 after Trump doubles India tariff
Domestic equity market indices, Sensex and Nifty, opened marginally down on Thursday despite US President Donald Trump doubling tariff on India to 50 per cent for buying Russian oil. The BSE's Sensex fell 0.34 per cent, or 281 points, to open at 80,262.98. The broader Nifty slipped 0.45 per cent, or 110 points, to start the session at 24,464.2. On Wednesday, US President Donald Trump issued an executive order imposing an additional 25 per cent tariff on India over its continued purchase of Russian oil. This will raise the total tariff on some Indian imports to the US to 50 per cent, among the highest rates imposed by America on any trading partner. Trump has given a three-week, or 21 days, window to negotiate an agreement. 'The 21 day window for the additional 25 per cent tariff to take effect leaves room for negotiation and an eventual deal with the US. But there is huge uncertainty surrounding the trade policy and to what extent both nations will be willing to make compromises,' said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. Market is unlikely to panic but weakness will continue in the near-term. Since uncertainty is high investors should be cautious in their approach. At least in the near-term, export-oriented sectors will remain weak, he said. 'A key question is how India's government will respond to President Trump's pressure tactic. The first priority is supporting exporters. On Russia links, the government has so far taken a defiant stance on its oil imports from Russia,' said Mahesh Patil, Chief Investment Officer, Aditya Birla Sun Life AMC Ltd. The immediate casualty of the higher tariff will be the rupee which will take the brunt and this will provide some respite for exporters. Counter intuitively, fall in rupee (once it stabilises) is positive for local earnings and hence equities benefit with a lag, he said. The higher-than-expected tariff on India could have some impact on export-oriented sectors such IT services, pharma, auto companies, textile and engineering goods, in the near term, analysts said. The NSE companies that lost the most included Tata Motors (1.36 per cent), Adani Ports (1.29 per cent), Kotak Mahindra Bank (1.23 per cent) and Adani Enterprises (0.79 per cent).
Mint
11-07-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 11 July
On Thursday, Nifty50 declined 0.47% amid volatile trade, weighed down by weakness in IT, FMCG, Pharma, and Banking sectors. Investor caution prevailed ahead of TCS's Q1 results, with expectations of muted performance dragging IT stocks. The broader sentiment was also dampened by uncertainty over the U.S.-India trade developments. The volatility index, India VIX, closed at a 52-week low, signaling easing investor fear. Two stock recommendations by MarketSmith India for 11 July: Buy:Aditya Birla Sun Life AMC Ltd(current price: ₹ 850.30) Buy: One 97 Communications (current price: ₹940.55) Market recap On Thursday, Nifty50 commenced the session on a neutral note but gradually trended lower throughout the day, ultimately forming a bearish candlestick on the daily chart. Selling pressure intensified in the latter half, driven by declines in Nifty IT, PSU Banks, FMCG, and Pharmaceutical sectors. Both Midcap and Smallcap indices mirrored this weakness, closing near their session lows. Conversely, the Realty and Metal sectors exhibited relative resilience amid mixed broader market activity. Market breadth remained balanced, reflected in an advance-decline ratio of 1:1. Technically, despite Thursday's negative momentum, the index remains well supported above its key moving averages, indicating an underlying firm base. While the recent price action suggests a phase of short-term consolidation. The daily relative strength index (RSI) is on a downward trajectory, currently near 55–56, signaling a loss of upward momentum. Similarly, the MACD has turned lower and shows a negative crossover, though it continues to trade above the zero line, reflecting cautious but sustained bullish control. According to O'Neil's methodology of market direction, Nifty reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend as of June 11, 2024. On Thursday, Nifty50 continued its downward move, ending near the day's low with a negative bias. Despite near-term weakness, the broader market outlook remains positive. Short-term volatility is likely due to sectoral shifts and global factors. Key support levels at 25,200 and 25,000 may help limit downside pressure. On the higher side, resistance is seen around 25,600–25,700. A decisive move above this range could revive bullish momentum and potentially trigger the next leg of the rally. How did Nifty Bank perform? The index opened positively on Thursday but was unable to sustain gains, closing 0.45% lower after trading predominantly in the negative territory and forming a bearish candlestick on the daily chart. The decline was primarily led by weakness in heavyweight stocks such as HDFC Bank, ICICI Bank, Kotak Bank, and SBI. The index opened at 57,339.75, fluctuated within a narrow range of 57,363.70 to 56,886.60, and settled at 56,956. Similarly, FINNIFTY followed a downward trajectory, ending the session with a loss of approximately 0.27%. The index remains positioned above all its key moving averages but exhibited selling pressure above 57,000 and closed below it on Thursday. The daily relative strength index (RSI) has turned downward and currently hovers near 56, signaling a loss of momentum. Additionally, the MACD has crossed bearish and turned negative, suggesting the need for caution in the near term. As per O'Neil's methodology of market direction, Bank Nifty remains in a "Confirmed Uptrend", a trend it has sustained over the past few weeks. Bank Nifty closed below 57,000 on Thursday, exhibiting a negative bias. Sustained trading below this level could trigger increased selling pressure, potentially pushing the index toward 56,200–56,000 in the coming days. Conversely, a decisive break and hold above 57,000 may result in range-bound trading between 57,000 and 57,600. Furthermore, a sustained move beyond 57,600 could pave the way for an upward rally toward 58,500–59,000. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
28-04-2025
- Business
- Business Upturn
Q4 results today, April 28: Adani Total Gas, Central Bank of India, TVS Motor, UltraTech Cement others to announce earnings
Indian stock markets faced sharp declines on Friday, April 26, 2025. The BSE Sensex ended the day at 79,212.53, down 589 points or 0.74%, while the NSE Nifty50 closed at 24,039.35, shedding 207 points or 0.86%. Several prominent companies are scheduled to announce their Q4FY25 financial results today, April 28. Investors and analysts will closely monitor these earnings reports for insights into corporate performance and future market trends. Companies Releasing Q4FY25 Results – April 28, 2025 Aditya Birla Sun Life AMC Ltd Adani Green Energy Ltd Adani Total Gas Ltd AWL Agri Business Ltd Benares Hotels Ltd Castrol India Ltd Consolidated Construction Consortium Ltd Central Bank of India CSB Bank Ltd Dolphin Offshore Enterprises (India) Ltd Fino Payments Bank Ltd Firstsource Solutions Ltd Go Digit General Insurance Ltd Greenply Industries Ltd Hatsun Agro Product Ltd Hexaware Technologies Ltd IDBI Bank Ltd IIFL Capital Services Ltd Indegene Ltd Indian Railway Finance Corporation Ltd KFin Technologies Ltd KPIT Technologies Ltd Nippon Life India Asset Management Ltd Oberoi Realty Ltd PNB Housing Finance Ltd RPG Life Sciences Ltd Sanghi Industries Ltd Shree Digvijay Cement Company Ltd TANFAC Industries Ltd TVS Holdings Ltd TVS Motor Company Ltd UCO Bank UltraTech Cement Ltd Vimta Labs Ltd Disclaimer: The above views are based on publicly available information and announcements. They do not constitute investment advice. Please make any and every investment decision after consulting your financial advisor. Adani total GasCentral Bank of IndiaQ4 resultsTVS motorUltraTech Cement Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
