Latest news with #ETMarketsRadio
Economic Times
a day ago
- Business
- Economic Times
ET Market Watch: L&T lifts D-Street; Tata Motors tanks
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: Indian markets closed slightly higher on Wednesday, lifted by Larsen & Toubro, which jumped nearly 5% after posting a 30% rise in Q1 profits, beating estimates. The Sensex added 144 points, and the Nifty ended above 24,850, though broader gains were limited ahead of the U.S. Fed policy decision and fresh worries about U.S.-India trade ties. Sector-wise, IT and FMCG saw mild gains, while auto and realty stocks dragged. Tata Motors slumped over 3% on reports it may acquire Italy's Iveco for $4.5 billion, raising investor concerns about its balance sheet. In the broader markets, GNG Electronics debuted with a bang, soaring 41%, while Indiqube Spaces slipped 8% on listing. Meanwhile, the Rupee weakened sharply, closing at 87.42 per dollar, its lowest in 5 months, as traders braced for the Fed's rate signals and a possible tariff shock from the U.S. after President Trump warned of steep duties unless a trade deal is sealed by August 1. In commodities, Brent crude slipped to $71 a barrel, and spot gold recovered slightly. That's all for now on ET Market Watch. Make sure to follow us for daily updates. This is Neha V Mahajan, signing off.
Time of India
a day ago
- Business
- Time of India
ET Market Watch: L&T lifts D-Street; Tata Motors tanks
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: Indian markets closed slightly higher on Wednesday, lifted by Larsen & Toubro, which jumped nearly 5% after posting a 30% rise in Q1 profits, beating estimates. The Sensex added 144 points, and the Nifty ended above 24,850, though broader gains were limited ahead of the U.S. Fed policy decision and fresh worries about U.S.-India trade ties. Sector-wise, IT and FMCG saw mild gains, while auto and realty stocks dragged. Tata Motors slumped over 3% on reports it may acquire Italy's Iveco for $4.5 billion, raising investor concerns about its balance sheet. In the broader markets, GNG Electronics debuted with a bang, soaring 41%, while Indiqube Spaces slipped 8% on listing. Meanwhile, the Rupee weakened sharply, closing at 87.42 per dollar, its lowest in 5 months, as traders braced for the Fed's rate signals and a possible tariff shock from the U.S. after President Trump warned of steep duties unless a trade deal is sealed by August 1. In commodities, Brent crude slipped to $71 a barrel, and spot gold recovered slightly. That's all for now on ET Market Watch. Make sure to follow us for daily updates. This is Neha V Mahajan, signing off.
Time of India
4 days ago
- Business
- Time of India
ET Markets Watch: Sensex falls 572 points; 5 reasons behind Nifty crash
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha Vashishth. 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. Markets extended losses today as multiple headwinds weighed on investor sentiment. The Sensex dropped 572 points, closing at 80,891, and the Nifty fell 156 points, ending at 24,680. That's nearly ₹4.9 lakh crore in market cap wiped out in a single session. Here are 5 key reasons behind today's slide: 1. India–US Trade Talks Stalled Trade negotiations between India and the US have hit an impasse, mainly over tariffs on dairy and agricultural goods. While the US struck a framework agreement with the European Union over the weekend, India's deal still hangs in limbo. That's hurting investor confidence and raising concerns about India's global trade momentum. 2. Weak Q1 Earnings, Led by Kotak Bank Kotak Mahindra Bank plunged 7.3% today after posting a drop in quarterly profit. Gross NPAs rose to 1.48%, margins narrowed to 4.65%, and overall asset quality weakened. This adds to earlier disappointments from Axis Bank and points to rising pressure in the banking sector. 3. TCS Layoffs Spook IT Sector TCS shares dropped 1.6% after it announced layoffs of 12,000 employees, or 2% of its global workforce. This is not about AI replacing jobs, it's about weak demand and internal realignment. The Nifty IT index closed 0.7% lower, with Wipro, HCL Tech, and Infosys also in the red. IT continues to be 2025's worst-performing sector, down nearly 24% from peak. 4. FIIs Continue to Sell Foreign investors sold ₹1,979 crore worth of equities today, continuing their exit for the fifth straight session. Last week alone, they pulled out over ₹13,500 crore. DIIs tried to cushion the fall with ₹2,100 crore in purchases, but the pressure remains. 5. Technical Breakdown Technically, the Nifty slipped below key support at 24,700. It failed to hold above the 50-day EMA, while RSI signals remain negative. Analysts warn of further downside toward 24,550, unless the index breaks back above 24,800–24,950. So, a mix of weak earnings, global trade uncertainty, tech layoffs, FII selling, and technical pressure drove the market lower today. Will this downward trend continue, or can domestic flows and strong earnings from select banks provide support? We'll be tracking that closely, right here on ET Market Watch. Thanks for tuning in. This is Neha Vashishth, signing off for today.
Economic Times
7 days ago
- Business
- Economic Times
ET Market Watch: Sensex slumps 721 pts, Nifty below 24,850; 5 factors why markets crashed
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:Sensex tanked 721 pts while Nifty50 slipped below 24,850. Here's what dragged Dalal Street down:1. Financial Stocks Hit HardBajaj Finance plunged nearly 5% after Q1 results raised red flags around MSME lenders such as HDFC Bank, SBI, Kotak, Axis also Financial Services Index down over 0.9%.2. US-India Trade Deal StalledNo breakthrough on August 1 deadline looms, uncertainty talks stuck on dairy & agri terms.3. FII Sell-off ContinuesFIIs have dumped ₹11,572 crore in just 4 outflows + smallcap correction = weak market sentiment.4. India-UK FTA Signed, like textiles & autos may lack of clarity on the US front means no immediate boost for markets.5. Weak Global CuesAsian indices dipped across the Seng -1.1%, Nikkei -0.8%, ASX -0.5%.Investors cautious ahead of US Fed meeting & Big Tech earnings.M-Cap Loss: ₹6.5 lakh crore gone in a tuned. Volatility isn't going anywhere.
Time of India
7 days ago
- Business
- Time of India
ET Market Watch: Sensex slumps 721 pts, Nifty below 24,850; 5 factors why markets crashed
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: Sensex tanked 721 pts while Nifty50 slipped below 24,850. Here's what dragged Dalal Street down: 1. Financial Stocks Hit Hard Bajaj Finance plunged nearly 5% after Q1 results raised red flags around MSME loans. Other lenders such as HDFC Bank, SBI, Kotak, Axis also fell. Nifty Financial Services Index down over 0.9%. 2. US-India Trade Deal Stalled No breakthrough on tariffs. The August 1 deadline looms, uncertainty rising. Trade talks stuck on dairy & agri terms. 3. FII Sell-off Continues FIIs have dumped ₹11,572 crore in just 4 sessions. Heavy outflows + smallcap correction = weak market sentiment. 4. India-UK FTA Signed, BUT... Sectors like textiles & autos may benefit. But lack of clarity on the US front means no immediate boost for markets. 5. Weak Global Cues Asian indices dipped across the board. Hang Seng -1.1%, Nikkei -0.8%, ASX -0.5%. Investors cautious ahead of US Fed meeting & Big Tech earnings. M-Cap Loss: ₹6.5 lakh crore gone in a day. Stay tuned. Volatility isn't going anywhere.
