Latest news with #DII
Time of India
5 days ago
- Business
- Time of India
Limited tariff impact on India, reform push likely: Sunil Subramaniam
Markets dislike uncertainty, and now that the tariff news is out in the open, that overhang is easing. The DII buying reflects this reduced uncertainty. Domestic Institutional Investors are expected to continue supporting the market. Positive results from companies like Titan are encouraging for the Indian economy. The earnings season has been decent, with some sectors performing well. Government fiscal measures and RBI actions are beginning to take effect. A pickup in production is expected with the festive season approaching. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads "So, DII buying is likely to continue supporting the market today. Additionally, some of the results announced post-market hours have been positive—like strong consumption numbers from Titan , for example—which bodes well for the domestic economy ," says Sunil Subramaniam Well, first of all, I'm not a technical person. But if you look at how the market reacted to the Trump announcement, it clearly indicates two things. From an international investor's perspective, it seems the market is oversold. They've been selling through the month on the back of negative tariff news, and that selling continued DIIs stepped in strongly to buy. There's still a lot of cash with DIIs—mutual fund cash balances are around 5%. I think this was seen as an opportunity by DIIs to support the you analyse the tariff announcements, less than 5% of India's exports are likely to be affected by the 50% tariff route as things stand. That gave DIIs some comfort. Also, this may prompt the Indian government to accelerate productivity reforms and introduce export-related incentives to support labour-intensive sectors and counter the impact of DII buying is likely to continue supporting the market today. Additionally, some of the results announced post-market hours have been positive—like strong consumption numbers from Titan, for example—which bodes well for the domestic sectors have reported very good earnings. In fact, pharma has done well, and some auto companies have also reported strong numbers. Banks have been okay you rightly said, there was some initial pessimism around earnings due to the first few results, but that concern has now been largely disproved. Overall, the earnings season has been fairly decent. We're likely to see high single-digit growth for the Nifty and double-digit growth for the broader a quarter-on-quarter basis, there's also been some improvement. What's also evident from company guidance is that this quarter marks a transitional phase. Government fiscal measures and RBI actions are now beginning to take effect. Of the 100 basis point rate cut, 77 basis points have already been transmitted. So, we'll start seeing the impact of quarter's expectations are also positive, especially with the festive season arriving earlier this year—Diwali is on October 23rd. That means we're going to see a pickup in production to stock up the dealers in the next two months. Add to that the CRR cut effective from September 5th, the transmission of rate cuts, and the tax giveaways from the budget—all these factors are expected to boost the festive season. Corporates are optimistic about this plays out as expected, the market seems to be factoring that in, which explains why markets have responded reasonably well to earnings so far. DIIs have been the primary drivers this month, and they're focusing more on sectors and specific the tariff situation, external-facing sectors have been under pressure. IT has underperformed, pharma to some extent, and realty as well. But now, we're seeing a return of interest in IT—buying started dislike uncertainty, and now that the tariff news is out in the open, that overhang is easing. The DII buying reflects this reduced me, this earnings season represents a critical transition—from the slowdown we saw in the last quarter of the previous fiscal year to a more stable footing this year. RBI maintaining its 6.5% growth projection is also a positive signal that the domestic economy is on a strong path.
Economic Times
5 days ago
- Business
- Economic Times
Limited tariff impact on India, reform push likely: Sunil Subramaniam
"So, DII buying is likely to continue supporting the market today. Additionally, some of the results announced post-market hours have been positive—like strong consumption numbers from Titan, for example—which bodes well for the domestic economy," says Sunil Subramaniam, Market Expert. ADVERTISEMENT On a technical level, we've already seen five weeks of lows and that the sixth week could be a better one. Do you think that could play out? How is it looking to you? What are your expectations? How could we end the week today? Sunil Subramaniam: Well, first of all, I'm not a technical person. But if you look at how the market reacted to the Trump announcement, it clearly indicates two things. From an international investor's perspective, it seems the market is oversold. They've been selling through the month on the back of negative tariff news, and that selling continued yesterday. However, DIIs stepped in strongly to buy. There's still a lot of cash with DIIs—mutual fund cash balances are around 5%. I think this was seen as an opportunity by DIIs to support the market. When you analyse the tariff announcements, less than 5% of India's exports are likely to be affected by the 50% tariff route as things stand. That gave DIIs some comfort. Also, this may prompt the Indian government to accelerate productivity reforms and introduce export-related incentives to support labour-intensive sectors and counter the impact of DII buying is likely to continue supporting the market today. Additionally, some of the results announced post-market hours have been positive—like strong consumption numbers from Titan, for example—which bodes well for the domestic economy. ADVERTISEMENT Since you mentioned earnings—44 out of 50 Nifty companies have already reported, and the results are not as negative as expected. They're okay—nothing significantly positive or negative. How do you expect the market to respond to earnings momentum going forward? What are your first thoughts on this earnings season? Sunil Subramaniam: Some sectors have reported very good earnings. In fact, pharma has done well, and some auto companies have also reported strong numbers. Banks have been okay you rightly said, there was some initial pessimism around earnings due to the first few results, but that concern has now been largely disproved. Overall, the earnings season has been fairly decent. We're likely to see high single-digit growth for the Nifty and double-digit growth for the broader market. ADVERTISEMENT On a quarter-on-quarter basis, there's also been some improvement. What's also evident from company guidance is that this quarter marks a transitional phase. Government fiscal measures and RBI actions are now beginning to take effect. Of the 100 basis point rate cut, 77 basis points have already been transmitted. So, we'll start seeing the impact of quarter's expectations are also positive, especially with the festive season arriving earlier this year—Diwali is on October 23rd. That means we're going to see a pickup in production to stock up the dealers in the next two months. Add to that the CRR cut effective from September 5th, the transmission of rate cuts, and the tax giveaways from the budget—all these factors are expected to boost the festive season. Corporates are optimistic about this. ADVERTISEMENT If this plays out as expected, the market seems to be factoring that in, which explains why markets have responded reasonably well to earnings so far. DIIs have been the primary drivers this month, and they're focusing more on sectors and specific the tariff situation, external-facing sectors have been under pressure. IT has underperformed, pharma to some extent, and realty as well. But now, we're seeing a return of interest in IT—buying started dislike uncertainty, and now that the tariff news is out in the open, that overhang is easing. The DII buying reflects this reduced uncertainty. ADVERTISEMENT To me, this earnings season represents a critical transition—from the slowdown we saw in the last quarter of the previous fiscal year to a more stable footing this year. RBI maintaining its 6.5% growth projection is also a positive signal that the domestic economy is on a strong path. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Recorder
5 days ago
- Business
- Business Recorder
India stock benchmarks set to open higher on proposed Trump-Putin meeting
India's equity benchmarks are set to open higher on Friday, after last session's steep intraday losses, on optimism that a proposed U.S.-Russia presidential meeting next week could ease Washington's stance on India's energy engagement with Russia. Gift Nifty futures were trading at 24,642 points as of 8:17 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open above Thursday's close of 24,596.15. The Nifty and Sensex fell nearly 1% each during Thursday's session after U.S. President Donald Trump announced an additional 25% tariff on Indian goods, taking the total to 50%, citing New Delhi's continued oil trade with Moscow. Trump has threatened fresh sanctions on Russia and its trade partners from Friday unless his Russian counterpart, Vladimit Putin, agrees to end the 3-1/2-year war in Ukraine. However, markets rebounded after a Kremlin aide confirmed an upcoming Trump-Putin meeting, which analysts said could mark a turning point in the Russia-Ukraine conflict and prompt Washington to ease pressure on nations like India that import Russian oil. Meanwhile, foreign portfolio investors (FPI) offloaded Indian shares for the 14th straight session on Thursday, taking outflows to 49.97 billion rupees ($571 million). Meanwhile, domestic institutional investors (DII) continued their buying spree into the 24th straight session, purchasing equities worth 108.64 billion rupees - the largest single-day buying in four months. Among individual stocks, Swiggy, Vishal Mega Mart, Waaree Energies and Hitachi Energy India will be in focus, following their upcoming inclusion on the MSCI India index. Sona BLW Precision Forgings and Thermax were excluded in this month's reshuffle and will go off the index on August 26. MSCI index inclusion is expected to drive passive inflows into constituent stocks as many foreign investors use MSCI benchmarks to align their portfolios.
Agriland
6 days ago
- Business
- Agriland
Functional protein products 'transforming the dairy industry'
Over 1.6 million tonnes of Irish dairy products are shipped to around 140 markets worldwide, according to Bord Bia. The milk produced by Irish farmers ends up in a wide variety of products on shelves throughout the world. A category with a particularly high pace of growth is sports nutrition. Targeted mainly at athletes, protein supplement products such as whey 'protein powders' have become a staple in the diets of many. Along with the nutritional side, these products are made attractive for consumers with flavours available ranging from vanilla, strawberry and chocolate to peanut butter, cinnamon and 'birthday cake'. Dairy Industry Ireland (DII) told Agriland that functional protein products like life-stage and nutrition from whey and casein are "transforming the dairy industry" both in Ireland and abroad. "They are offering vital health benefits and enhancing performance for a global population which is increasingly looking for clean nutrition from natural dairy products," DII said. "For Irish dairy and specialised nutrition, exploring new markets and shifting from commodity to value-added products is essential for sustainable growth. "Innovation and investment are key to staying competitive and realising the immense potential of functional proteins." To achieve that goal, the industry in Ireland must "stay on top" of what its advantages are - high food safety and grass-fed quality, according to DII. "Irish farmers and the dairy industry must embrace these changes to meet the evolving demands of global consumers," DII said. "The importance of the functional protein category cannot be overstated; it is crucial for the future of Irish dairy and the broader Irish economy." Milk is rich in protein - mainly casein and whey. What primarily differentiates casein and whey is their digestion rate. Casein is a slower release and takes longer to digest while whey is absorbed faster. They both derive from the cheese-making process. The National Dairy Council (NDC) explains that milk contains all of the essential amino acids, which are the "building blocks of protein, that our body needs". Whey proteins are a collection of globular proteins. "Whey is produced when milk is separated into solid curds and liquid whey, like when making cheese," the NDC told Agriland. "Whey proteins account for about 20% of the total protein in cow's milk (about 0.65g/100ml). "Whey is particularly high in the branched-chain amino acid (BCAA) leucine, which nutrition research recognises for its role in building muscle. "For these reasons, whey protein has been recognised for its role in performance nutrition and is a valuable ingredient in the sports nutrition industry." Caseins make up approximately 80% of the protein fraction in cow's milk. "They are an important component of cow's milk as they stabilise and transport essential nutrients such as calcium and phosphorus," the NDC said. The NDC told Agriland that generally, "all of the energy and nutrients we need can be provided by a healthy, balanced diet – with no need for supplement use unless a deficiency is identified". "Protein is an important nutrient for sports people as it contributes to muscle growth and maintenance," the NDC said. "Protein is provided in the diet by a number of foods such as meat, fish, milk, yogurt, cheese, eggs, nuts, seeds and pulses. "Athletes may find protein supplements useful and convenient on occasions where food sources are not readily available or if there is little time between sessions, e.g. a tournament. "If training at a competitive or intense level, a sports dietitian can offer advice on supplement use depending on individual needs. "For those under the age of 18 years, supplements are not advised and all nutrient needs should be met from dietary intakes." Bord Bia has confirmed to Agriland that it is currently collaborating with the dairy industry on research aiming to broaden understanding of the specialised nutrition category, in the Japanese market particularly. This is with a "view to ascertaining what potential Irish dairy solutions may be a complementary fit now, and into the future, for our Japanese dairy partners". 'Nutritionally dense and highly functional dairy products and ingredients from Ireland are exported all over the world and incorporated widely in clinical, sports and life-stage nutrition applications as well as within the nutraceutical category," a Bord Bia spokesperson said. "Products including demineralised whey powder, whey protein isolates and hydrolysates and casein powders, offer very specific and functional benefits to applications within these categories and contribute significantly to the value-add portfolio within the Irish dairy sector."
Agriland
31-07-2025
- Business
- Agriland
Dairy Industry Ireland Eu Us Trade Deal Offers a Degree of Stability
Dairy Industry Ireland (DII) has said that a new EU-US trade deal provides a "degree of stability" and avoids the escalation of a tariff war between two key trading blocs. DII, which is affiliated to Ibec, represents primary and secondary processors including the specialised nutrition industry. The agreement reached by US President Donald Trump and European Commission President Ursula von der Leyen yesterday (Sunday, July 27) will see a baseline tariff applied of 15% applied to EU goods entering the US. The announcement followed months of negotiations between the two sides. President Trump had threatened 30% tariffs being apply to EU goods from August 1 if a deal was not struck. Conor Mulvihill, director of DII, noted that many details are still to be finalised in the new trade deal. 'For our key dairy sector, which exports over 90% of its output, all tariffs are regrettable. "However, the confirmation that EU exports will now be subject to a single 15% tariff rate, with no additional stacked duties, is particularly important for Irish dairy products such as butter, which had faced a combined tariff burden of over 25% since April. "While the simplification of the new tariff structure, as set out in the deal, will make it easier for the sector to manage, we remain concerned about the broader implications of any tariff border on the island of Ireland. "The dairy industry operates on an all island basis, with integrated supply chains and cross border trade in raw milk, ingredients, and finished products. "Any divergence in tariff treatment between Northern Ireland and the Republic of Ireland could introduce complexity, cost, and uncertainty for processors and farmers alike," he said. The group also noted the reference to a potential zero-for-zero tariff category for certain agricultural products. "Dairy Industry Ireland encourages the government and EU institutions to seek clarity on whether Irish dairy products could be included in this list, which would offer further opportunities for growth in the US market," Mulvihill said.
