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Business Standard
2 hours ago
- Business
- Business Standard
Sensex dips 800 pts, Nifty below 24,600 as latest tariff hikes jolt markets
Why stock markets fell today: Indian benchmark indices plunged after the opening bells, taking cues from a decline in their Asian peers amid fresh tariffs from the US. The BSE Sensex index plunged 796 points or 0.98 per cent in the intraday trade to hit a low of 80,654 during the day. The NSE Nifty50 fell 224 points, or 0.91 per cent, to 24,526. The indices registered their worst fall since May 27 this year. The broader market indices continued to outperform the benchmarks. The Nifty MidCap was 0.08 per cent up while the Nifty SmallCap index was 0.01 per cent lower, respectively. Except for Nifty Realty, fast-moving consumer goods (FMCG) and PSU Banks, all sectors were trading lower on Monday, led by information technology (IT) and metal. Furthermore, the market breadth remained skewed in favour of sellers. About 1,336 stocks rose, 1,779 declined, while 187 remained unchanged on the BSE. The market structure favours the continuation of the ongoing consolidation phase and global headwinds like renewed tariff concerns that will restrain a breakout rally, according to VK Vijayakumar, Chief Investment Strategist, Geojit Investments. Key reasons behind the Sensex, Nifty fall today: Asian markets decline: Most equity benchmarks in Asia traded lower on Monday as trade tensions flared up over the weekend, with US President Donald Trump announcing additional tariffs on steel and aluminium to 50 per cent from 25 per cent. Later, the European Commission said on Saturday that Europe was prepared to retaliate against President Donald Trump's plan to double tariffs on imported steel and aluminium. In Asia, Japan's Nikkei was down 1.5 per cent while Hang Seng plunged over 2 per cent on Monday. All major equity benchmarks were in red with South Korea and Australia's index down 0.5 per cent. S&P 500 futures eased 0.2 per cent and Nasdaq futures lost 0.3 per cent. President Trump's 50 per cent tariffs on steel and aluminium are a clear message that the tariff and trade scenario will continue to be uncertain and turbulent, Vijayakumar said, impacting markets on Monday. Stock market volatility continues as China has now accused the US of violating its recent trade deal and stated that it will take measures to defend its interests. However, Treasury Secretary Scott Bessent said he's confident the latest trade clash between Trump and Xi Jinping 'will be ironed out' in a call shortly. IT, Metal stocks plunge: The losses in the domestic markets were led by IT and metal stocks as the latest trade tensions keep investors on edge. The tech stocks fell on Monday as tariff threats continue to weigh on the US economy. The gauge for tech stocks -- Nifty IT -- fell as much as 1.5 per cent during the session, with Mphasis, Persistent Systems and HCL Technologies leading the decline. Meanwhile, in the metal space, Welspun Corp, Vedanta and JSW Steel were among the top losers as Trump's steel and aluminium will become June 4, Wednesday. The Nifty Metal index was the top sectoral loser, falling as much as 1.6 per cent on Monday. Shares of Tata Steel, Hindalco and NMDC were trading with a loss of nearly 1 per cent. Key levels to watch: If the market breaches the 24,650 level, it could shift sentiment, leading to a retest of levels around 24,450, according to Shrikant Chouhan, head of equity research at Kotak Securities. However, a break of 24,450 could trigger the market may fall to 23,900 levels, Chouhan said, adding that the strategy should be to design a trading strategy with minimal stop losses.
Hans India
2 hours ago
- Business
- Hans India
FPIs invest Rs 19,860 cr in May
New Delhi: Foreign investors continue to exhibit confidence in the country's equity market, injecting Rs 19,860 crore in May driven by favourable global economic indicators and strong domestic positive momentum follows a net investment of Rs 4,223 crore in April, data with the depositories showed. Prior to this, foreign portfolio investors (FPIs) had pulled out Rs 3,973 crore in March, Rs 34,574 crore in February, and a substantial Rs 78,027 crore in January. Going forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. According to the data with the depositories, FPIs made a net investment of Rs 19,860 crore in equities in May. The latest flow has helped narrow the outflow to Rs 92,491 crore in 2025 so far. India's equity markets witnessed a sharp resurgence in FPI activity in April. The sustained buying spree that began in mid-April continued in May too, reflecting renewed investor confidence. Himanshu Srivastava, Associate director - Manager Research, Morningstar Investment, said that several factors influenced FPI flows in May. Globally, easing US inflation and expectations of interest rate cut by the Federal Reserve made emerging markets like India more attractive. Domestically, India's strong GDP growth, robust corporate earnings, and policy reforms enhanced investor confidence. 'Global macros like declining dollar, slowing US and Chinese economies and domestic macros like high GDP growth and declining inflation and interest rates are the factors driving FII inflows into India,' Vijayakumar said. In terms of sectors, FPIs have been buyers in autos, components, telecom and financials in the first half of May. Apart from equities, FPIs invested Rs 19,615 crore in debt general limit and Rs 1,899 crore in debt voluntary retention during the period under review.
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Business Standard
a day ago
- Business
- Business Standard
FPIs infuse ₹19,860 cr in May on strong domestic fundamentals, global cues
Foreign investors continue to exhibit confidence in the country's equity market, injecting ₹19,860 crore in May driven by favourable global economic indicators and strong domestic fundamentals. This positive momentum follows a net investment of ₹4,223 crore in April, data with the depositories showed. Prior to this, foreign portfolio investors (FPIs) had pulled out ₹3,973 crore in March, ₹34,574 crore in February, and a substantial Rs 78,027 crore in January. Going forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. According to the data with the depositories, FPIs made a net investment of ₹19,860 crore in equities in May. The latest flow has helped narrow the outflow to ₹92,491 crore in 2025 so far. India's equity markets witnessed a sharp resurgence in FPI activity in April. The sustained buying spree that began in mid-April continued in May too, reflecting renewed investor confidence. Himanshu Srivastava, Associate director - Manager Research, Morningstar Investment, said that several factors influenced FPI flows in May. Globally, easing US inflation and expectations of interest rate cut by the Federal Reserve made emerging markets like India more attractive. Domestically, India's strong GDP growth, robust corporate earnings, and policy reforms enhanced investor confidence. "Global macros like declining dollar, slowing US and Chinese economies and domestic macros like high GDP growth and declining inflation and interest rates are the factors driving FII inflows into India," Vijayakumar said. In terms of sectors, FPIs have been buyers in autos, components, telecom and financials in the first half of May. Apart from equities, FPIs invested ₹19,615 crore in debt general limit and ₹1,899 crore in debt voluntary retention during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
a day ago
- Business
- Economic Times
FPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators
Foreign investors continue to exhibit confidence in the country's equity market, injecting Rs 19,860 crore in May driven by favourable global economic indicators and strong domestic fundamentals. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Foreign investors continue to exhibit confidence in the country's equity market, injecting Rs 19,860 crore in May driven by favourable global economic indicators and strong domestic positive momentum follows a net investment of Rs 4,223 crore in April, data with the depositories to this, foreign portfolio investors (FPIs) had pulled out Rs 3,973 crore in March, Rs 34,574 crore in February, and a substantial Rs 78,027 crore in forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, to the data with the depositories, FPIs made a net investment of Rs 19,860 crore in equities in May. The latest flow has helped narrow the outflow to Rs 92,491 crore in 2025 so equity markets witnessed a sharp resurgence in FPI activity in April. The sustained buying spree that began in mid-April continued in May too, reflecting renewed investor Srivastava, Associate director - Manager Research, Morningstar Investment, said that several factors influenced FPI flows in May. Globally, easing US inflation and expectations of interest rate cut by the Federal Reserve made emerging markets like India more attractive. Domestically, India's strong GDP growth, robust corporate earnings, and policy reforms enhanced investor confidence."Global macros like declining dollar, slowing US and Chinese economies and domestic macros like high GDP growth and declining inflation and interest rates are the factors driving FII inflows into India," Vijayakumar terms of sectors, FPIs have been buyers in autos, components, telecom and financials in the first half of from equities, FPIs invested Rs 19,615 crore in debt general limit and Rs 1,899 crore in debt voluntary retention during the period under review. PTI SP ANU
Time of India
a day ago
- Business
- Time of India
FPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Foreign investors continue to exhibit confidence in the country's equity market, injecting Rs 19,860 crore in May driven by favourable global economic indicators and strong domestic positive momentum follows a net investment of Rs 4,223 crore in April, data with the depositories to this, foreign portfolio investors (FPIs) had pulled out Rs 3,973 crore in March, Rs 34,574 crore in February, and a substantial Rs 78,027 crore in forward, FPIs are likely to continue their investment in India. However, at higher levels they might sell since valuations are getting stretched, VK Vijayakumar, Chief Investment Strategist, Geojit Investments, to the data with the depositories, FPIs made a net investment of Rs 19,860 crore in equities in May. The latest flow has helped narrow the outflow to Rs 92,491 crore in 2025 so equity markets witnessed a sharp resurgence in FPI activity in April. The sustained buying spree that began in mid-April continued in May too, reflecting renewed investor Srivastava, Associate director - Manager Research, Morningstar Investment, said that several factors influenced FPI flows in May. Globally, easing US inflation and expectations of interest rate cut by the Federal Reserve made emerging markets like India more attractive. Domestically, India's strong GDP growth, robust corporate earnings, and policy reforms enhanced investor confidence."Global macros like declining dollar, slowing US and Chinese economies and domestic macros like high GDP growth and declining inflation and interest rates are the factors driving FII inflows into India," Vijayakumar terms of sectors, FPIs have been buyers in autos, components, telecom and financials in the first half of from equities, FPIs invested Rs 19,615 crore in debt general limit and Rs 1,899 crore in debt voluntary retention during the period under review. PTI SP ANU
