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Economic Times
29-05-2025
- Business
- Economic Times
Sensex, Nifty struggle despite Asian gains. Here's why Trump tariff verdict fails to lift mood
Tired of too many ads? Remove Ads Here are top factors that are weighing market sentiments: Monthly expiry Tired of too many ads? Remove Ads Tariff impact Tired of too many ads? Remove Ads The Indian headline indices BSE Sensex and Nifty started Thursday with a gap up but soon slipped lower. This occurred despite strong gains in Asian markets after a U.S. federal court blocked President Donald Trump's proposal to impose heavy tariffs on imports from nearly all hitting the day's high of 24,889, Nifty plunged over 200 points to hit the day's low of 24,677 while the 30-stock Sensex fell to 81,107 following the highs of 81,816 it made in the initial major Asian indices like the Japanese Nikkei surged 711 points or nearly 2% in the intraday trade while Hong Kong's Hang Seng index was up 300 points or 1.3%. China's Shanghai Composite index was higher by 0.70% around 1 pm India time, while South Korea's Kospi also traded 2% experts attributed this lackluster trade to two primary reasons while conceding that the domestic markets are under consolidation with a broader trend towards the positive Palviya, Senior Vice President, Research-Head Technical & Derivatives at Axis Securities, said that the markets have given up their initial gains amid selling pressure because of monthly expiry. He said that markets fell amid call writing and adjustments being said that the broader trend remains positive and markets will likely gain from the next session. 'Index is subdued but action is happening in the mid and smallcap stocks,' he Nifty Midcap 100 was up 0.30% while the Nifty Smallcap 100 was half-a-percentage point a similar sentiment, Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking said Indian markets have been under consolidation for the past 2-3 sessions. He said that monthly expiry is the reason behind today's lackluster trade and the long term trend remains ongoing trade negotiations between India and the U.S., the impact of a Federal court blocking Trump's tariff decisions will have a limited impact on India, two experts said."India was comparatively less impacted than its Asian peers from the outset, as the higher tariff rates were primarily imposed on other countries. Furthermore, news of favorable trade discussions between the U.S. and India helped ease concerns about a significant impact on Indian exports to the U.S. These factors may explain why Indian markets have not shown any major reaction to the recent U.S. court ruling on tariffs," Ajit Mishra, Senior Vice President - Research at Religare Broking Indian markets are in a consolidation phase, said Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One opining that the U.S. federal court's decision will have a limited impact on India.'We still have to set-up manufacturing capabilities to first come to the level where we become large exporters,' he metal sector held its ground firmly on the D-Street, with the Nifty Metal index jumping by 1.5%. Barring APL Apollo Tubes, the other 14 stocks were trading in the green, jumping up to 10%. Lloyds Metals And Energy, Jindal Stainless, Hindustan Zinc, Jindal Steel & Power, Tata Steel, NMDC, Hindustan Copper, Steel Authority of India (SAIL), JSW Steel, Adani Enterprises, National Aluminium Company (NALCO) and Hindalco Industries were up between 3% and 0.12%.Welspun was the top gainer, jumping by 10% in the day's trade. The company had announced its earnings on Wednesday where the company reported 143% surge in its Q4FY25 net profit. SAIL , too, reported its earnings on Wednesday, reporting an 11% growth in its Q4 PAT.A three-judge panel of the US Court of International Trade ruled that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and justify the sweeping tariffs overturned decades of US trade policy, disrupted global commerce, rattled financial markets and raised the risk of higher prices and recession in the United States and around the Read: Turnaround stocks: IFCI, Shree Renuka Sugars among six BSE 500 stocks to swing to profit in Q4 (Inputs from Agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
29-05-2025
- Business
- Time of India
Sensex, Nifty struggle despite Asian gains. Here's why Trump tariff verdict fails to lift mood
The Indian headline indices BSE Sensex and Nifty started Thursday with a gap up but soon slipped lower. This occurred despite strong gains in Asian markets after a U.S. federal court blocked President Donald Trump's proposal to impose heavy tariffs on imports from nearly all countries. After hitting the day's high of 24,889, Nifty plunged over 200 points to hit the day's low of 24,677 while the 30-stock Sensex fell to 81,107 following the highs of 81,816 it made in the initial trade. However, major Asian indices like the Japanese Nikkei surged 711 points or nearly 2% in the intraday trade while Hong Kong's Hang Seng index was up 300 points or 1.3%. China's Shanghai Composite index was higher by 0.70% around 1 pm India time, while South Korea's Kospi also traded 2% higher. Market experts attributed this lackluster trade to two primary reasons while conceding that the domestic markets are under consolidation with a broader trend towards the positive side. Here are top factors that are weighing market sentiments: Monthly expiry Rajesh Palviya, Senior Vice President, Research-Head Technical & Derivatives at Axis Securities, said that the markets have given up their initial gains amid selling pressure because of monthly expiry. He said that markets fell amid call writing and adjustments being made. He said that the broader trend remains positive and markets will likely gain from the next session. 'Index is subdued but action is happening in the mid and smallcap stocks,' he said. The Nifty Midcap 100 was up 0.30% while the Nifty Smallcap 100 was half-a-percentage point higher. Echoing a similar sentiment, Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking said Indian markets have been under consolidation for the past 2-3 sessions. He said that monthly expiry is the reason behind today's lackluster trade and the long term trend remains positive. Tariff impact Amid ongoing trade negotiations between India and the U.S., the impact of a Federal court blocking Trump's tariff decisions will have a limited impact on India, two experts said. "India was comparatively less impacted than its Asian peers from the outset, as the higher tariff rates were primarily imposed on other countries. Furthermore, news of favorable trade discussions between the U.S. and India helped ease concerns about a significant impact on Indian exports to the U.S. These factors may explain why Indian markets have not shown any major reaction to the recent U.S. court ruling on tariffs," Ajit Mishra, Senior Vice President - Research at Religare Broking said. The Indian markets are in a consolidation phase, said Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One opining that the U.S. federal court's decision will have a limited impact on India. 'We still have to set-up manufacturing capabilities to first come to the level where we become large exporters,' he added. Sectoral winner The metal sector held its ground firmly on the D-Street, with the Nifty Metal index jumping by 1.5%. Barring APL Apollo Tubes, the other 14 stocks were trading in the green, jumping up to 10%. Lloyds Metals And Energy, Jindal Stainless, Hindustan Zinc, Jindal Steel & Power, Tata Steel, NMDC, Hindustan Copper, Steel Authority of India (SAIL), JSW Steel, Adani Enterprises, National Aluminium Company (NALCO) and Hindalco Industries were up between 3% and 0.12%. Welspun was the top gainer, jumping by 10% in the day's trade. The company had announced its earnings on Wednesday where the company reported 143% surge in its Q4FY25 net profit. SAIL , too, reported its earnings on Wednesday, reporting an 11% growth in its Q4 PAT. Court verdict A three-judge panel of the US Court of International Trade ruled that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and justify the sweeping tariffs. The tariffs overturned decades of US trade policy, disrupted global commerce, rattled financial markets and raised the risk of higher prices and recession in the United States and around the world. Also Read: Turnaround stocks: IFCI, Shree Renuka Sugars among six BSE 500 stocks to swing to profit in Q4 (Inputs from Agencies)
Time of India
27-05-2025
- Business
- Time of India
Fear gauge India VIX spikes 8% in a week. Here are 3 tips to avoid a crash
India's fear gauge, the India VIX , has surged over 8% in the past week, and the impact was evident on Dalal Street on Tuesday as benchmark indices swung wildly. Selling pressure in auto, IT, and financial stocks added to the volatility ahead of the monthly expiry on Thursday. The VIX jumped nearly 6% during the session, hitting a high of 19.06, as the Nifty moved within a 300-point range and the BSE Sensex fluctuated over 1,100 points between its intraday high and low. Commenting on the day's action, Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking said that volatility in the markets has been quite high over the past 2-3 sessions, with India VIX moving from levels around 15 to 19, today. He attributed this to the presence of high concentration of call writers who are preventing any short covering move and creating a strong resistance at 25,000. Analyst VK Vijayakumar, Chief Investment Strategist, Geojit Investments the market to likely consolidate around the current levels in the near-term. "A sustained rally will happen only when leading indicators suggest revival in earnings growth. Since mutual funds are sitting on sizeable cash any dip will be bought into and high valuations will trigger selling on rallies," he added. Vijayakumar also decoded the current investor mood, saying that there is a slow accumulation in rate-sensitive sectors like autos in anticipation of more rate cuts which are almost sure to happen since inflation is trending down. The investors are staying invested by way of SIP with a longer time horizon. The Reserve Bank of India (RBI) will hold its monetary policy (MPC) next week and the outcome will come on June 6. What is leading to volatile trade? Markets stabilized after President Donald Trump paused the reciprocal tariffs on April 9, triggering a nearly 9% rally in the Nifty. However, fresh concerns emerged following his recent comments on trade negotiations with the European Union, where he claimed the talks were going "nowhere" and threatened to impose a 50% tariff, though he later deferred the decision from June to July. Adding to the uncertainty, Trump also warned of a potential 25% tariff on smartphone makers like Apple and Samsung if they continue selling devices in the U.S. that are manufactured overseas. US yields are up amid current uncertainties and investors seem to be booking profit after the recent rally in Indian equities and moving to less risky assets, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One opined. Also Read: Bitter-sweet ride: 10 sugar stocks outperform Nifty with up to 77% returns, but 18 sink as much as 36% 4 things that investors should do: 1) Avoid aggressive bets on index futures & options (F&O), including Nifty and Bank Nifty, Jain said. 2) Adopt a stock specific approach and use corrections as a buying opportunity, Jain of Centrum Broking said. 3) Angel One's Deo advises investors to buy in small tranches with a long-term horizon. He suggests sector diversification with trusted names like HDFC Bank and Reliance Industries (RIL).
