Latest news with #GIFTNifty
Business Standard
20 hours ago
- Business
- Business Standard
GIFT Nifty hints towards muted opening; U.S. to impose 25% tariff on India
GIFT Nifty: GIFT Nifty August 2025 futures were currently trading 16.50 points (or 0.07%) higher, suggesting a muted start for the Nifty 50 today. Trump Tariffs: The U.S. President Donald Trump announced on Wednesday that India will face a 25% tariff starting August 1, along with an additional 'penalty' over what he considers unfair trade practices and Indias purchases of military equipment and energy from Russia. The 25% tariff is slightly lower than the 26% rate he declared on Liberation Day for the key trading partner but remains at the higher end of the range he was weighing. On Tuesday, Trump had indicated he was considering a rate between 20% and 25%. Indias Ministry of Commerce and Industry has reportedly said the 'government is studying' the implications of Trumps tariff announcement. "India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months, the ministry said in a statement. We remain committed to that objective. Institutional Flows: Foreign portfolio investors (FPIs) sold shares worth Rs 850.04 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,829.11 crore in the Indian equity market on 29 July 2025, provisional data showed. According to public data, FPIs have sold shares worth Rs 42,077.77 crore in the cash market during July 2025. This follows their cash purchase of shares worth Rs 7,488.98 crore in June 2024. Global Markets: Asian markets traded mostly lower on Thursday as after weakness in Chinese economic activity coupled with falling copper prices dampened investor sentiment. Copper futures witnessed sharp sell-off after Trump said the U.S. will impose a 50% tariff on copper pipes and wiring. The details of the levy, though, fell short of the sweeping restrictions expected and left out copper input materials such as ores, concentrates and cathodes. China's official NBS Manufacturing PMI dropped to 49.3 in July 2025 from Junes three-month high of 49.7, falling short of expectations and marking the fourth consecutive month of contraction in factory activity. It was the steepest decline since January, as output growth slowed, while both new orders and foreign sales saw their sharpest drops in three months. The Bank of Japans policy decision remained on investors radar. Japans central bank is widely expected to stand pat on short-term interest rates at 0.5% for the fourth consecutive time, when its two-day policy meeting concludes later in the day. Investors also assessed the U.S.′ blanket 15% tariffs on imports from South Korea. The U.S. President Donald Trump on Wednesday announced that Washington had reached a full and complete trade deal with Seoul, setting blanket tariffs on the countrys exports to U.S. at 15%. The S&P 500 closed lower on Wednesday and gave up its gain from earlier in the session after Federal Reserve Chair Jerome Powell threw some cold water on the prospects of a September rate cut. The broad market index lost 0.12% to close at 6,362.90. The Nasdaq Composite added 0.15% to 21,129.67, while the Dow Jones Industrial Average fell 171.71 points, or 0.38%, to finish the session at 44,461.28. The Federal Reserve's rate-setting committee voted 9-2 on Wednesday to hold interest rates steady for the fifth consecutive meeting, with two Fed governors dissenting for the first time in more than three decades. Fed Chair Jerome Powell's comments after the decision undercut confidence that borrowing costs would begin to fall in September. The U.S. economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the economy's health as declining imports accounted for the bulk of the improvement and domestic demand increased at its slowest pace in two and a half years. The US economy likely grew at an annualized rate of 2.4% in the second quarter of 2025, rebounding from a 0.5% contraction in the first quarter which was the first decline in three years. Domestic Market: The headline equity benchmarks closed with modest gains on Wednesday, aided by strong Q1 earnings from Larsen & Toubro (L&T). However, overall sentiment stayed cautious ahead of the U.S. Federal Reserve's policy outcome due later tonight. Investors also kept a close watch on progress in the India-U.S. trade discussions. The Nifty ended above the 24,850 level, supported by buying in IT, FMCG, and consumer durables stocks.
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Business Standard
21 hours ago
- Business
- Business Standard
Stocks to Watch today, July 31: M&M, Tata Steel, Jio Financial Services
Stocks to Watch Today, Thursday, July 31, 2025: Indian equity markets are expected to start on a lower note on Thursday following US President Donald Trump's unexpected announcement of imposing a 25 per cent tariff on Indian goods, effective August 1. Amidst this, GIFT Nifty futures were trading at 24,650, down by 196 points as of 08:10 AM. Asia-Pacific markets were mixed on Thursday as investors weighed the impact of the US's 15 per cent tariffs on South Korean imports and awaited the Bank of Japan's upcoming policy announcement. Japan's Nikkei 225 rose 0.21 per cent, while South Korea's Kospi edged down 0.14 per cent, and Australia's S&P/ASX 200 declined 0.53 per cent. Overnight in the US, Wall Street's major indices reversed earlier gains after Federal Reserve Chair Jerome Powell announced to keep benchmark interest rates unchanged and signaled a reduced likelihood of a rate cut in September. The broader S&P 500 closed down 0.12 per cent, while the Dow Jones Industrial Average fell 0.40 per cent. Meanwhile, the tech-heavy Nasdaq Composite managed to eke out a gain of 0.15 per cent. Meanwhile, here is the list of stocks to watch during today's trading session: Hyundai Motor India: The automaker reported a decline of 8.1 per cent year-on-year (Y-o-Y) in consolidated profit after tax (PAT) of ₹1,369.23 crore in the first quarter of 2025-26 (Q1FY26) from ₹1,489.65 crore reported in the corresponding quarter of the previous fiscal year (Q1FY25). This decline in profit, the company said, was weighed down by sluggish domestic demand, weak hatchback sales, tense geopolitical situations, and macroeconomic uncertainty. The company's revenue from operations witnessed a drop of 5.56 per cent Y-o-Y to ₹16,179.62 crore in Q1FY26 from ₹17,131.25 crore in Q1FY25. Tata Steel: The company reported a jump of 116.51 per cent Y-o-Y in consolidated net profit (attributable to owners of the company) at ₹2,077.68 crore in Q1FY26 from ₹959.61 crore reported in Q1FY25. The growth in profit was led by an increase in net steel realizations and planned cost reductions. The steel major's total consolidated revenue stood at ₹53,178.12 crore, down 2.91 per cent Y-o-Y. Mahindra & Mahindra: The company reported a jump of 24 per cent Y-o-Y in its consolidated net profit to ₹4,083 crore for Q1FY26 from ₹3,283 crore reported in Q1FY25. The profit was driven by broad-based growth across business verticals. The company's total income from operations rose to ₹45,529 crore in Q1FY26 against ₹37,218 crore in Q1FY25. PowerGrid Corporation: The company posted a net profit of ₹3,630.58 crore in Q1FY26, marking a 2.5 per cent drop from ₹3,723.92 crore reported in Q1FY25. The company's board has also approved raising its borrowing limit for FY26 from ₹16,000 crore to ₹25,000 crore. Aurobindo Pharma: Aurobindo Pharma USA Inc., a wholly owned subsidiary of the company, entered into a definitive agreement with Lannett Seller Holdco, Inc., under which Aurobindo Pharma USA Inc. will acquire 100 per cent membership interest in Lannett Company LLC from Lannett Seller Holdco, Inc. Tata Motors: TML CV Holding Pte. Ltd., a wholly owned subsidiary of Tata Motors, will launch an all-cash tender offer for Iveco Group N.V. The offer, made via a Dutch-incorporated vehicle, targets all 271.2 crore common shares listed on Euronext Milan. Each share will be acquired at €14.1 in cash following Iveco's sale of its defence business. The goal is full ownership and subsequent delisting of Iveco from Euronext Milan. Jio Financial Services: The company's board has approved raising funds through the issuance of up to 50 crore warrants for cash at a price of ₹316.50 per warrant. Each warrant is convertible into 1 fully paid-up equity share of the company of face value ₹10 each at a premium of ₹306.50, aggregating up to ₹15,825 crore by way of preferential issue on a private placement basis. LTIMindtree: T he company has launched BlueVerse CraftStudio, a next-generation agency that harnesses Adobe's latest AI-powered innovations to help organizations streamline their marketing operations and unlock significant business benefits. Q1 results today Among the companies scheduled to release their Q1FY26 results today include Adani Enterprises, Hindustan Unilever, Sun Pharmaceutical Industries, Maruti Suzuki India, Coal India, Vedanta, Eicher Motors, TVS Motor Company, Swiggy, Mankind Pharma, and Cholamandalam Investment and Finance Company.
India Today
a day ago
- Business
- India Today
US imposes 25% tariff on India. Will Sensex, Nifty crash today?
Stock markets are likely to open lower on Thursday after US President Donald Trump announced a 25% tariff on Indian goods, effective from August 1. The move comes as trade talks between the two countries remain unresolved. Investors are now watching closely to see how this development affects market sentiment in the days GIFT Nifty futures, which reflect early cues for the market, were trading 179 points lower at 24,675, down 0.73%, signalling a weak start for Dalal TARIFF DECISION CREATES UNCERTAINTYThe sharp reaction in markets is linked to the US decision to impose fresh tariffs on India. President Trump, while speaking to reporters, said that talks were still ongoing but warned that the 25% duty on Indian imports would begin on Friday.'They have one of the highest tariffs in the world now, they're willing to cut it very substantially,' Trump said, adding, 'We're talking to India now - we'll see what happens. You'll know by the end of this week.'In addition to the tariff, Trump also announced a penalty for countries that continue to buy oil from Russia, which may affect India and other major oil IMPACT: GEMS, AQUA EXPORTS, AUTOReacting to the development, the Director of Equity Strategy at WealthMills Securities Pvt Ltd said, 'Trade tariffs have been taking twists and turns, and President Trump's latest statement is likely to create a knee-jerk reaction in the market.'However, he added that the uncertainty was not just limited to India. 'Every country is currently facing trade tension with the US. These announcements create confusion and make it hard to measure the actual impact.'He noted that some sectors may feel the pressure more than others. 'Exports in gems and jewellery, seafood (aqua), and auto equipment are likely to be affected. But we'll have to wait for the final list of affected goods before reaching any conclusion.'GLOBAL CUES ADD TO THE PRESSUREAdding to the worry, US stock markets had a choppy session on Wednesday after comments from US Federal Reserve Chair Jerome Powell dampened hopes of a rate cut at the central bank's next Fed kept interest rates unchanged, which was widely expected. In its policy statement, the central bank said that the job market remained strong and that inflation was still somewhat high. However, two members of the committee disagreed with the US markets were slightly higher before the Fed announcement, thanks to better-than-expected second-quarter GDP numbers, they gave up gains after Powell's press conference. He said it was 'too soon' to say if the Fed would cut rates in September, even though current policy is 'modestly restrictive'.The next few sessions on Dalal Street may remain volatile, especially as investors factor in global developments and ongoing foreign fund flows.- EndsMust Watch advertisement
News18
a day ago
- Business
- News18
Stock Market LIVE Updates: GIFT Nifty Signals Negative Start For Sensex, Nifty; IT, Pharma In Focus
Stock Market Live Today: The market may see a gap-down opening on Thursday following the sweeping tariff announcement of US President Donald Trump on India with an unspecified penalty. Trump, in his social media platform Truth Social, wrote that India's high tariffs and business with Russia are 'strenuous and obnoxious'. Trump on Wednesday evening announced a 25 per cent tariff on Indian goods imports from August 01, plus an additional penalty for buying items from Russia. The export-oriented sectors, including Textiles, Pharma, Auto Components, and Seafoods, will remain in focus in today's session. Moreover, the Fed in its latest meeting decided to hold the rates steady for the fifth time. GIFT Nifty is signalling a gap-down start (-175 pts at 24,679), as sentiment sours on the back of Trump's 25% tariff imposition on Indian goods, the Fed's decision to hold rates steady despite pressure, and relentless FII selling, argues Prashanth Tapse, Senior VP (Research), Mehta Equities. He added Nifty remains under bear grip below the 25,100 mark, with key support at 24,473 and strength only above 25,421; Bank Nifty's make-or-break support lies at 55,200.
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Business Standard
a day ago
- Automotive
- Business Standard
Stocks to Watch today, July 31: M&M, L&T, Tata Steel, Jio Financial
Stocks to Watch Today, Thursday, July 31, 2025: Indian equity markets are expected to start on a lower note on Thursday following US President Donald Trump's unexpected announcement of a 25 per cent tariff on Indian goods, effective August 1. Amidst this, GIFT Nifty futures were trading at 24,650, down by 196 points as of 08:04 AM. Asia-Pacific markets were mixed on Thursday as investors weighed the impact of the US's 15 per cent tariffs on South Korean imports and awaited the Bank of Japan's upcoming policy announcement. Japan's Nikkei 225 rose 0.21 per cent, while South Korea's Kospi edged down 0.14 per cent, and Australia's S&P/ASX 200 declined 0.53 per cent. Overnight in the US, Wall Street's major indices gave up earlier gains and settled lower after Federal Reserve Chair Jerome Powell tempered expectations that the central bank might cut rates at its September meeting. The broader S&P 500 closed down 0.12 per cent, while the Dow Jones Industrial Average fell 0.40 per cent. Meanwhile, the tech-heavy Nasdaq Composite managed to eke out a gain of 0.15 per cent. Hyundai Motor India: The automaker reported a decline of 8.1 per cent year-on-year (Y-o-Y) in consolidated profit after tax (PAT) of ₹1,369.23 crore in the first quarter of 2025-26 (Q1FY26) from ₹1,489.65 crore reported in the corresponding quarter of the previous fiscal year (Q1FY25). This decline in profit, the company said, was weighed down by sluggish domestic demand, weak hatchback sales, tense geopolitical situations, and macroeconomic uncertainty. The company's revenue from operations witnessed a drop of 5.56 per cent Y-o-Y to ₹16,179.62 crore in Q1FY26 from ₹17,131.25 crore in Q1FY25. Tata Steel: The company reported a jump of 116.51 per cent Y-o-Y in consolidated net profit (attributable to owners of the company) at ₹2,077.68 crore in Q1FY26 from ₹959.61 crore reported in Q1FY25. The growth in profit was led by an increase in net steel realizations and planned cost reductions. The steel major's total consolidated revenue stood at ₹53,178.12 crore, down 2.91 per cent Y-o-Y. Mahindra & Mahindra: The company reported a jump of 24 per cent Y-o-Y in its consolidated net profit to ₹4,083 crore for Q1FY26 from ₹3,283 crore reported in Q1FY25. The profit was driven by broad-based growth across business verticals. The company's total income from operations rose to ₹45,529 crore in Q1FY26 against ₹37,218 crore in Q1FY25. PowerGrid Corporation: The company posted a net profit of ₹3,630.58 crore in Q1FY26, marking a 2.5 per cent drop from ₹3,723.92 crore reported in Q1FY25. The company's board has also approved raising its borrowing limit for FY26 from ₹16,000 crore to ₹25,000 crore. Aurobindo Pharma: Aurobindo Pharma USA Inc., a wholly owned subsidiary of the company, entered into a definitive agreement with Lannett Seller Holdco, Inc., under which Aurobindo Pharma USA Inc. will acquire 100 per cent membership interest in Lannett Company LLC from Lannett Seller Holdco, Inc. Tata Motors: TML CV Holding Pte. Ltd., a wholly owned subsidiary of Tata Motors, will launch an all-cash tender offer for Iveco Group N.V. The offer, made via a Dutch-incorporated vehicle, targets all 271.2 crore common shares listed on Euronext Milan. Each share will be acquired at €14.1 in cash following Iveco's sale of its defence business. The goal is full ownership and subsequent delisting of Iveco from Euronext Milan. Jio Financial Services: The company's board has approved raising funds through the issuance of up to 50 crore warrants for cash at a price of ₹316.50 per warrant. Each warrant is convertible into 1 fully paid-up equity share of the company of face value ₹10 each at a premium of ₹306.50, aggregating up to ₹15,825 crore by way of preferential issue on a private placement basis. LTIMindtree: The company has launched BlueVerse CraftStudio, a next-generation agency that harnesses Adobe's latest AI-powered innovations to help organizations streamline their marketing operations and unlock significant business benefits. Q1 results today: Adani Enterprises, Coal India, Eicher Motors, Hindustan Unilever, Mahindra & Mahindra, Maruti Suzuki, Sun Pharma, Ambuja Cements, Chambal Fertilisers, Chola Investment, Dabur India, TVS Motor, and PB Fintech are the key names scheduled to announce their Q1FY26 results today.
