Latest news with #GeojitFinancialServices
News18
2 days ago
- Business
- News18
Why Is Stock Market Falling Today? Know Key Factors Behind Sensex, Nifty Decline On July 28
Last Updated: Sensex and Nifty fell sharply on Monday, weighed down by Kotak Bank, sustained FII outflows, and weak Asian market cues. Why Is Stock Market Falling Today? The benchmark equity indices Sensex and Nifty declined sharply on Monday amid heavy selling in Kotak Mahindra Bank, continued foreign fund outflows, and weak cues from Asian markets. The Sensex fell by 578.21 points or 0.71 percent to 80,884.88, while the broader Nifty dropped below the crucial 24,700 mark to 24,668.35, down 168.65 points or 0.68 percent, as of around 1:35 p.m. Among the top laggards were Kotak Mahindra Bank, Bharat Electronics, Bharti Airtel, Titan, and Apollo Hospitals Enterprise, with intraday losses of up to 7 percent. Key Reasons Behind Monday's Market Fall: 1. Kotak Mahindra Bank drags the market: Shares of Kotak Mahindra Bank plunged nearly 7 percent after the bank reported a consolidated net profit of Rs 4,472 crore for the June quarter, compared to Rs 7,448 crore in the same quarter last year. The year-ago figure included a one-time gain of over Rs 3,000 crore from a stake sale in its general insurance arm. The bank flagged stress in its retail commercial vehicle loan portfolio, citing unfavourable macroeconomic conditions. Kotak was the top loser in the Nifty Bank index, which itself was down by up to 0.4 percent, with eight of its constituents in the red. Foreign Institutional Investors (FIIs) sold equities worth Rs 1,979.96 crore on Friday. According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, FIIs offloaded Rs 13,552 crore from the cash market in the previous week alone, adding significant pressure on the domestic markets. 3. Weak Asian market cues: Asian equity markets were largely negative on Monday. Indices like South Korea's Kospi, Japan's Nikkei 225, and China's Shanghai Composite were trading lower, which weighed on investor sentiment in Indian markets. 4. Brent crude oil price rises: The global oil benchmark Brent crude edged higher by 0.29 percent to USD 68.64 per barrel. Rising crude prices tend to increase input costs and stoke inflationary pressure in oil-importing countries like India, contributing to negative market sentiment. 5. Selling pressure in IT stocks: IT stocks also came under pressure. The Nifty IT index witnessed losses led by Wipro, TCS, HCL Tech, and Tech Mahindra. Vijayakumar noted that continued weakness in the IT pack is dragging broader markets. Investor sentiment was further dampened by TCS's announcement of a 2 percent reduction in its global workforce. 6. Spike in market volatility: The India VIX, a measure of market volatility, rose by nearly 7 percent to 12.07, signaling growing nervousness among traders. A rising VIX often corresponds with heightened fear and can lead to increased selling pressure in the market. Technical Outlook According to Anand James, Chief Market Strategist at Geojit Financial Services, Nifty may find immediate support at 24,450 and further at 24,000. He indicated that the index could face near-term downside risk. However, if Nifty crosses above 24,922, it may trigger short-covering, potentially pushing the index to test levels around 25,324. That said, resistance around the 25,000 mark may still pose a challenge for the bulls. view comments Location : New Delhi, India, India First Published: July 28, 2025, 14:17 IST News business » markets Why Is Stock Market Falling Today? Know Key Factors Behind Sensex, Nifty Decline On July 28 Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India Today
5 days ago
- Business
- India Today
Sensex tumbles over 600 points: Why stock markets are in the red today
Equity markets opened weak on Friday, extending their losing streak as volatility spiked and broader sentiment turned sour. The benchmark S&P BSE Sensex fell 624.64 points to 81,559.53 by 10:41 am, while the NSE Nifty50 slipped 215.85 points to 24, broader market indices were in the red, reflecting nervousness among investors despite a landmark India-UK Free Trade Agreement (FTA) that promises long-term benefits for exports and key Meena, Head of Research, Swastika Investmart Ltd, said that the primary reason for this decline is the continuous selling by Foreign Institutional Investors (FIIs) in both the equity and Futures & Options (F&O) markets. "FIIs remain uncomfortable with the valuations of the Indian equity market, even with improving macroeconomic and microeconomic indicators. Furthermore, the current earnings season, while not entirely disappointing, has also not been particularly encouraging. Adding to the uncertainty is the stalled trade deal between the US and India," he for now, traders remain firmly focused on near-term VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, flagged persistent foreign institutional investor (FII) selling as a major overhang.'Sustained FII selling of Rs 11,572 crore in the last four trading days will weigh on the market,' he said.'The weakness in the broader market, particularly in smallcaps, might continue since valuations had turned excessive and difficult to justify.'Anand James, Chief Market Strategist at Geojit, warned of a possible breakdown in Nifty if key levels are breached.'The 25,215 region has forced a consolidation as feared, that now threatens to evolve into a strong down move,' he said.'Slippage past 24,900 could set an immediate objective of 24,750–650. Further supports are near 24,450 and 24,000. However, with momentum low, favoured view expects downsides to slow down near 24,900 initially, prompting sideways moves again, with upsides capped near 25,130.'Akshay Chinchalkar, Head of Research at Axis Securities, pointed out a rare technical pattern emerging on the charts.'Technically speaking, yesterday's candle completed yet another bearish engulfing, which means we've had two in quick succession—a rare event,' he said.'The battle lines are clear: 25,000 is vital support, while 25,245 is key resistance. Bears will continue to have the upper hand until we have a daily close above 25,340.'He also said that while US index futures are trading higher, Asian cues remain mixed, offering little support to bulls."Technically, the Nifty is falling from the same supply zone of 25500-25800, a level from which we observed a sharp decline in October of last year. It appears the Nifty might take a full year to surpass its fresh all-time high of 26277, which was achieved on September 27, 2024," said immediate demand zone for Nifty is identified between 24800-24735. Below this, 24500 stands as a critical support level where some stability might be observed. However, there remains a risk of the index testing its 200-DMA (Daily Moving Average) around the 24000 level. Upside movement is currently capped around the 20-DMA of 25300. A sustained move above this level is essential to expect any positive momentum," he profit-booking underway and technical patterns favouring the bears, the mood on Dalal Street appears cautious. For now, all eyes are on whether Nifty can hold the crucial 25,000 mark, or if a deeper correction is on the cards.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch
Economic Times
20-07-2025
- Business
- Economic Times
FPIs exit secondary market in July, but stay active in IPOs. What's fueling the shift?
Foreign portfolio investors (FPIs) have turned net sellers in India's secondary markets in July, offloading over Rs 10,000 crore in equities amid valuation concerns and underperformance. However, their primary market investments remain strong, indicating a shift in strategy. Despite near-term caution, FPIs continue to tap IPO and QIP opportunities, reflecting selective optimism toward Indian equities. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Foreign portfolio investors (FPIs) have turned net sellers in Indian equities this July, but their activity in the primary market remains strong — highlighting a strategic shift amid concerns over valuations and the relative underperformance of Indian to data from NSDL, FPIs sold equities worth Rs 10,775 crore through the secondary market between July 1 and July 18, 2025. However, during the same period, they invested Rs 5,251 crore in the primary market, mainly via initial public offerings ( IPOs ) and qualified institutional placements (QIPs).Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services , said this trend reflects a valuation-sensitive approach by foreign investors.'The important takeaway from this dualistic behaviour of FPIs is that whenever valuations get stretched in the secondary market, they sell — but consistently buy in the primary market (QIP), where valuations are fair,' Vijayakumar said.'So long as valuations remain elevated, this trend will continue,' he added. 'India's underperformance relative to other emerging markets and the MSCI EM Index may also have contributed to FPI selling through the exchanges.'Vijayakumar pointed out that for the calendar year 2025 up to July 19, FPIs have sold equities worth Rs 1.10 lakh crore in the secondary market, while investing Rs 27,239 crore in the primary market. Despite the outflows via exchanges, their continued interest in new issuances suggests that FPIs are not exiting Indian equities entirely, but are reallocating their exposure based on value and return after rallying over 15% between March and June, Indian equity markets have taken a breather in July. So far this month, the Sensex and Nifty have declined more than 2%, weighed down by weaker-than-expected earnings from key financial and IT companies, as well as global trade Friday, July 18, the Nifty50 slipped 0.57% to close at 24,968, while the BSE Sensex fell 0.61% to settle at 81,757. The indices also logged their third consecutive weekly loss, with the Nifty50 down 0.7% and the Sensex losing 0.9% for the banks led the sectoral declines, falling nearly 2% for the week, followed by losses in financials and IT, which were down 1.1% and 1.5%, respectively. Axis Bank shares tumbled 5.2% on Friday and 6.3% for the week after posting a surprise drop in quarterly profit. HCLTech, India's third-largest IT services firm, also fell 5.5% for the week after it cut its full-year operating margin focus now shifts to the upcoming earnings season and potential developments in India-US trade talks ahead of the August 1 deadline. Earlier this week, US President Donald Trump said a deal with India is 'close,' which could lend some support to market now, FPI data underscores a cautious yet opportunistic approach. While the secondary market may remain under pressure due to elevated valuations and global headwinds, sustained activity in IPOs and primary issuances could continue—particularly if pricing remains attractive.
Time of India
20-07-2025
- Business
- Time of India
FPIs exit secondary market in July, but stay active in IPOs. What's fueling the shift?
Foreign portfolio investors (FPIs) have turned net sellers in Indian equities this July, but their activity in the primary market remains strong — highlighting a strategic shift amid concerns over valuations and the relative underperformance of Indian equities. According to data from NSDL, FPIs sold equities worth Rs 10,775 crore through the secondary market between July 1 and July 18, 2025. However, during the same period, they invested Rs 5,251 crore in the primary market, mainly via initial public offerings ( IPOs ) and qualified institutional placements (QIPs). Explore courses from Top Institutes in Select a Course Category MCA Degree Leadership Project Management CXO Operations Management healthcare Product Management Data Science Artificial Intelligence MBA others Data Analytics Finance Data Science Design Thinking Others Management Digital Marketing Cybersecurity PGDM Healthcare Technology Public Policy Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services , said this trend reflects a valuation-sensitive approach by foreign investors. 'The important takeaway from this dualistic behaviour of FPIs is that whenever valuations get stretched in the secondary market, they sell — but consistently buy in the primary market (QIP), where valuations are fair,' Vijayakumar said. 'So long as valuations remain elevated, this trend will continue,' he added. 'India's underperformance relative to other emerging markets and the MSCI EM Index may also have contributed to FPI selling through the exchanges.' Live Events Vijayakumar pointed out that for the calendar year 2025 up to July 19, FPIs have sold equities worth Rs 1.10 lakh crore in the secondary market, while investing Rs 27,239 crore in the primary market. Despite the outflows via exchanges, their continued interest in new issuances suggests that FPIs are not exiting Indian equities entirely, but are reallocating their exposure based on value and return potential. Meanwhile, after rallying over 15% between March and June, Indian equity markets have taken a breather in July. So far this month, the Sensex and Nifty have declined more than 2%, weighed down by weaker-than-expected earnings from key financial and IT companies, as well as global trade uncertainty. On Friday, July 18, the Nifty50 slipped 0.57% to close at 24,968, while the BSE Sensex fell 0.61% to settle at 81,757. The indices also logged their third consecutive weekly loss, with the Nifty50 down 0.7% and the Sensex losing 0.9% for the week. Private banks led the sectoral declines, falling nearly 2% for the week, followed by losses in financials and IT, which were down 1.1% and 1.5%, respectively. Axis Bank shares tumbled 5.2% on Friday and 6.3% for the week after posting a surprise drop in quarterly profit. HCLTech, India's third-largest IT services firm, also fell 5.5% for the week after it cut its full-year operating margin forecast. Investor focus now shifts to the upcoming earnings season and potential developments in India-US trade talks ahead of the August 1 deadline. Earlier this week, US President Donald Trump said a deal with India is 'close,' which could lend some support to market sentiment. For now, FPI data underscores a cautious yet opportunistic approach. While the secondary market may remain under pressure due to elevated valuations and global headwinds, sustained activity in IPOs and primary issuances could continue—particularly if pricing remains attractive.
Economic Times
18-07-2025
- Business
- Economic Times
FIIs pull out over $1 billion from Dalal Street in 5 days of non-stop selling
FIIs have pulled out over Rs 10,000 crore from Indian equities in five days, reversing their three-month buying streak. DIIs remain net buyers. July shows renewed bearishness, with Citi downgrading India to 'neutral' due to high valuations and weaker earnings forecasts. Global concerns continue to pressure Indian markets. Tired of too many ads? Remove Ads In contrast, DIIs stay bullish Tired of too many ads? Remove Ads Citi downgrades India to 'Neutral' Foreign Institutional Investors ( FIIs ) have resumed their aggressive selling spree in Indian equity markets, registering net outflows for five consecutive trading sessions. Over this brief yet impactful period, FIIs have withdrawn a staggering Rs 10,169 crore, surpassing the USD 1 billion mark in cumulative selling. This data includes the heavy outflow recorded on July most significant pullback came on July 17, when FIIs sold Rs 3,671 crore, marking the second-largest single-day outflow in the past five sessions. The biggest single-day exit was a whopping Rs 4,495 crore, underlining the intensity and pace of FII while FIIs were offloading equities, Domestic Institutional Investors (DIIs) stepped in as consistent buyers. Over the same five-day period, DIIs pumped in close to Rs 11,000 crore, providing some support to the market and helping absorb the selling focus back to FIIs — on a monthly basis, July has reversed the trend. FIIs, who were net buyers for three straight months — from April to June 2025 — have now turned net sellers. Their most aggressive buying was seen in June 2025, when they invested around Rs 14,600 crore into Indian equities . This makes July's sharp exit even more broader trend for calendar year 2025 also paints a bearish picture. So far, FIIs have pulled out nearly Rs 90,000 crore from Indian equities, pointing to persistent caution and growing discomfort with current market V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "In July so far, India has been underperforming most markets, with a dip of 1.6% in the Nifty. A significant contributor to the decline is the selling by FIIs. There is a clear pattern in FII activity this year: they were sellers in the first three months, turned buyers for the next three, and in the seventh month, the trends so far indicate further selling — unless some positive news reverses the downtrend in the market. Along with selling in the cash market, FIIs have been increasing short positions in the derivatives market too, which reflects a bearish outlook. Elevated valuations in India and cheaper valuations in other markets will continue to influence FII activity."Global brokerage firm Citi has downgraded India to 'neutral' from 'overweight', citing elevated valuations and a moderation in earnings growth forecasts. The brokerage maintained its 'overweight' stance on China, Korea, and the Philippines, reflecting better earnings revision trends and more attractive valuations, ET reports."India remains the most expensive market (23 times) compared to both its peers and its own average valuation," said Citi. The brokerage added that while India's macro story looks better than its peers and a US trade deal is possible, the market's earnings growth outlook "no longer looks exceptional" against the backdrop of high valuations.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
