Latest news with #Gift
Hindustan Times
5 days ago
- Business
- Hindustan Times
Indian shares likely to open flat as US tariff shock clouds investor sentiment
Indian shares are poised for a muted start on Thursday after the United States imposed an additional 25% tariff on exports from the South Asian nation, sparking investor concerns over the potential economic fallout from souring relations. Shares set for muted open after Donald Trump doubles tariff on India(Representational image/Reuters) Gift Nifty futures were trading at 24,586 points as of 7:05 a.m. IST, indicating that the Nifty 50 will open near Wednesday's close of 24,574.2. The one-month dollar-rupee non-deliverable forwards (NDF) indicate that the Indian currency is set to open largely unchanged from its last close. "Markets can fall 1%-2% in a knee-jerk reaction, but most would expect a resolution to the trade issue," said Dhiraj Relli, chief executive officer of HDFC Securities. If tariffs persist for a year, the impact on India's GDP growth will be around 30-40 basis points, he said. Before the additional tariffs were announced on Wednesday, the Reserve Bank of India (RBI) retained its GDP growth forecast for the year at 6.5%, downplaying tariff-related uncertainties. The doubling of tariffs to 50% - among the highest imposed on any U.S. trading partner - coupled with worsening bilateral ties could shake markets out of their complacency, Nilesh Shah, CEO of Kotak Mahindra Asset Management Company, said. "Some correction" is inevitable if the tariffs hold, he added. Foreign investors have offloaded Indian shares worth $900 million so far in August, following $2 billion in outflows in July as weak earnings growth and tariff-related uncertainties weighed. "I would be very reluctant to buy into India or have a company that has supplies coming out of India. It would make me very cautious," said Max Wasserman, founder and senior portfolio manager at U.S.-headquartered Miramar Capital. Wasserman said he does not expect the tariffs to hold for long but the announcement "would definitely give us a pause if we were looking to invest in India because we want to see how the relationship shakes out." India's benchmark equity indexes Nifty 50 and Sensex have gained 4% and 3%, respectively, so far in 2025, underperforming the 15.7% rise in MSCI Emerging Markets index. OIL COMPANIES, EXPORTERS TO BE HIT The fresh U.S. tariffs threaten to disrupt India's access to its largest export market, where shipments totalled nearly $87 billion in 2024, dealing a blow to sectors like textiles, footwear, gems and jewellery. Oil companies like Reliance Industries could also come under pressure as the U.S. tries to push India to curb its Russian oil purchases. "If we cave under pressure, we risk losing access to cheaper Russian crude, which could squeeze refining margins. That's a risk for Reliance and oil marketing companies," said Pramod Gubbi, co-founder at Marcellus Investment Managers. Textiles could take a direct hit, although jewellery exports may be in a better position to pass on higher costs to U.S. consumers as India remains a dominant player in diamond cutting and polishing, Gubbi said. IT services and pharmaceutical firms are less impacted for now, he added.
Mint
09-07-2025
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Trump tariffs, to copper prices
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday, following weak global market cues after US President Donald Trump refused to extend the new August deadline for the start of 'reciprocal tariffs'. Asian markets traded mixed, while the US stock market ended flat overnight, with the Nasdaq ending in the green. On Tuesday, the Indian stock market ended with modest gains, with the benchmark Nifty 50 closing above 25,500 level. The Sensex gained 270.01 points, or 0.32%, to end at 83,712.51, while the Nifty 50 settled 61.20 points, or 0.24%, higher at 25,522.50. 'The recent stability, despite lingering caution ahead of the trade deal announcement and the upcoming earnings season, suggests that the bulls remain in control and anticipate a resumption of the uptrend. However, participants should avoid complacency and maintain their focus on stock selection, as sectoral participation continues on a rotational basis,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed on Wednesday after US President Donald Trump declined to extend the deadline on tariffs set to kick off on August 1. Japan's Nikkei 225 gained 0.33%, while the Topix index rose 0.17%. South Korea's Kospi index was flat while the Kosdaq added 0.29%. Hong Kong's Hang Seng index indicated a stronger open. Gift Nifty was trading around 25,581 level, a discount of nearly 30 points from the Nifty futures' previous close, indicating a weak start for the Indian stock market indices. US stock market ended mixed as investors waited for clarity on US trade policy. The Dow Jones Industrial Average fell 165.60 points, or 0.37%, to 44,240.76, while the S&P 500 eased 4.46 points, or 0.07%, to 6,225.52. The Nasdaq Composite closed 5.95 points, or 0.03%, higher at 20,418.46. Tesla share price gained 1.3%, Nvidia stock price rose 1.11%, Advanced Micro Devices shares rallied 2.24%, Inter shares jumped 7.23%, while Amazon stock fell 1.84%. Freeport-McMoRan stock rose 2.5%, Moderna shares surged 8.8%, SunRun sank 11.4% while Enphase Energy lost 3.6% and SolarEdge Technologies dropped 1%. US President Donald Trump said that his administration will impose a 50% tariff on copper imports. Trump also warned that pharmaceuticals could face an even steeper tariff, though he suggested the move would not be immediate. 'They're going to be tariffed at a very, very high rate, like 200%,' Trump said, adding that the measure would be announced soon and take effect after at least a year. Copper futures in New York surged after Trump said he planned to implement a 50% tariff on imports of the commodity. Contracts on the Comex climbed as much as 17% on Tuesday, a record one-day spike, before falling more than 4% in early trading on Wednesday. The New York price traded at $5.5085 a pound, while copper on the London Metal Exchange was 1.7% lower at $9,627 a ton. The dollar rose for a third day against the yen. The dollar index, which tracks the US currency against a basket of six major peers, was steady at 97.582 after a two-day climb. The dollar climbed 0.2% to 146.85 yen, after touching a more than two-week high on the previous day. The euro was little changed at $1.1720. Sterling traded at $1.35795, down 0.1% in early trading. Gold price held a decline after Trump said the new August deadline for the start of 'reciprocal' tariffs won't be delayed. Spot gold price was little changed at $3,300.23 an ounce. Crude oil prices fell as traders weighed signs of swelling US crude stockpiles. Brent crude oil declined 0.20% to $70.01 a barrel, while the US West Texas Intermediate (WTI) crude futures dropped 0.25% to $68.16. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
07-07-2025
- Entertainment
- India.com
This baby girl was found in a garbage heap, this superstar gave her his surname, she dated a Hollywood actor, she is...
Mithun Chakraborty has been working in Bollywood for a long time. During this time, he has given many hit films on the silver screen. The actor has worked in films not only in Hindi but in many languages. Mithun has been a hit in his professional life and is also in the news for his personal life. Mithun has also been in the news for his marriage. Mithun married Yogita Bali, and from this marriage, he had Mahaakshay, Ushma and Namashi Chakraborty. To fulfill his daughter's wish, the actor adopted a girl, who was named Dishani Chakraborty. Her parents abandoned Dishani in a garbage heap after her birth and when this news hit the headlines, Mithun immediately reached Kolkata and gave the girl shelter of parents. Mithun gave shelter to the girl Even his wife Yogita Bali had no objection to this decision of Mithun. As Dishani grew up, she became the darling of Mithun and Yogita. After completing her schooling in India, Dishani went to America for further studies. Dishaani wanted to become an actress and for this she took admission in New York's Film Academy. In 2017, she did the short film Gift and started her acting career. After this, Dishaani did films like Underpass, Holy Smoke, Two Faced and Why Did You Do It. She was last seen in the short film The Guest (2022). Dated this Hollywood actor Apart from this, she is active on Instagram. More than 90 thousand people follow her on Instagram. There are beautiful and great videos of Dishaani on Instagram. Let us tell you, Dishaani has also dated Hollywood actor Cody Sulek. Currently, she is in the news with a foreign boy. The name of this foreign boy is Miles Mantzaris. Dishaani often shares pictures of herself with her foreign boyfriend. The actress's Instagram account is filled with romantic pictures.
India.com
05-07-2025
- Entertainment
- India.com
This kid in photo was once found in garbage, was then adopted by an actor, is now dating a Hollywood star, her name is...
Fate is one thing that can change anytime and anywhere. There are times when a person's life transforms from rags to riches. This is a similar story of a girl who was once found in a heap of garbage. Later, she was adopted by a superstar, and today, she is a known figure in Bollywood. If you are wondering who we are talking about, then this person is Dishani Chakraborty, daughter of Mithun Chakraborty. Mithun is one of the most celebrated actors in the country. The flamboyant image of him had taken over the country. The actor has worked in films not only in Hindi but in many languages. While Mithun's professional life always made headlines, it was his personal life that raised eyebrows. When Mithun Chakraborty Adopted a Girl Mithun married Yogita Bali, and from this marriage, he had Mahaakshay, Ushma, and Namashi Chakraborty. To fulfill his daughter's wish, the actor adopted a girl who was named Dishani Chakraborty. Dishani was abandoned by her parents in a garbage heap after her birth, and when this news made headlines, Mithun immediately reached Kolkata and gave the girl the shelter she needed. Mithun's decision was also welcomed by his wife Yogita Bali. Who is Dishani Chakraborty As Dishani grew up, she became Mithun and Yogita's darling. After completing her schooling in India, Dishani went to America for further studies. Dishani wanted to become an actress and for this, she took admission in New York's Film Academy. In 2017, Dishani started her acting career with a short film called Gift. After this, Dishani did films like Underpass, Holy Smoke, Two Faced, and Why Did You Do It. She was last seen in the short film The Guest (2022). Dishani Is Dating a Hollywood Star Dishani is currently in a relationship with Myles Mantzaris. The duo have been together for a while and have been open about their relationship. They often share pictures of each other on Instagram.
Mint
01-07-2025
- Business
- Mint
Indian stock market: 10 key things that changed for market overnight - Gift Nifty, Nasdaq at record high to gold prices
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a flat note on Tuesday, following mixed cues from global markets. Asian markets traded mixed, while the US stock market ended higher overnight, with the S&P 500 and Nasdaq hitting record highs. On Monday, the Indian stock market ended lower, breaking its four-day gaining streak, as investors booked profits following the strong rally. However, the market ended the month in the green for a fourth consecutive time The Sensex declined 452.44 points, or 0.54%, to close at 83,606.46, while the Nifty 50 settled 120.75 points, 0.47%, lower at 25,517.05. For the month, Sensex rallied 2.65%, while Nifty 50 jumped 3.10%. 'We continue to advocate a 'buy-on-dips' approach, with a strong emphasis on selective stock picking. Notably, the ongoing strength in the broader indices is creating additional opportunities, but participants should stay cautious and limit positions to the fundamentally-sound counters only,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed Tuesday following record gains overnight on Wall Street. Japan's Nikkei 225 fell 1.03%, while the Topix index declined 0.56%. South Korea's Kospi index rose 1.67%, while the Kosdaq gained 0.66%. Hong Kong markets are closed for a public holiday. Gift Nifty was trading around 25,635 level, a premium of nearly 20 points from the Nifty futures' previous close, indicating a mildly positive start for the Indian stock market indices. US stock market ended higher on Monday, with the S&P 500 and Nasdaq reaching record closing highs, registering their best quarter in over a year on hopes for trade deals and possible interest rate cuts. The Dow Jones Industrial Average gained 275.50 points, or 0.63%, to 44,094.77, while the S&P 500 rose 31.88 points, or 0.52%, to 6,204.95. The Nasdaq Composite closed 96.28 points, or 0.48%, higher at 20,369.73. For the quarter, the S&P 500 surged 10.57%, the Nasdaq jumped 17.75%, and the Dow climbed 4.98%. Apple shares rose 2.11%, Tesla stock price declined 1.89%, Hewlett Packard Enterprise shares rallied 11.1%, First Solar share price gained 8.8%, and Juniper Networks stock price spiked 8.45%. White House Press Secretary Karoline Leavitt confirmed that the US and India are close to finalising a trade agreement, following President Donald Trump's earlier announcement about the deal. 'They are finalising these agreements, and you'll hear from the President and his trade team very soon when it comes to India,' Leavitt said. India's fiscal deficit for April-May period of FY26 stood at ₹ 13,163 crore, amounting to 0.8% of the target for the whole of financial year 2025-26. For the same period last year, fiscal deficit was ₹ 50,615 crore. India's industrial production, measured in the Index of Industrial Production (IIP), grew 1.2% in May, marking its slowest pace in nine months. This is in stark contrast to the 6.3% expansion recorded in May last year. The ministry revised April's growth figure to 2.6%, which still outpaces the May figure. Japan's manufacturing sector expanded in June for the first time in 13 months. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) rose to 50.1 in June from 49.4 in May. Crude oil prices fell on expectations of an OPEC output hike in August and concerns of an economic slowdown driven by prospects of higher US tariffs. Brent crude futures declined 0.24% to $67.61 a barrel, while US West Texas Intermediate crude fell 0.38% to $64.86 a barrel. Gold prices rose, supported by a weaker US Dollar. Spot gold price gained 0.3% to $3,312.25 per ounce, while US gold futures gained 0.5% to $3,323.10. The dollar hit a near four-year low against the euro. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.35% to 96.86, its sixth straight month of losses. It is set to mark its worst half-year since the 1970s. The dollar was down 0.36% to 144.45 against the Japanese yen. The euro hit its highest against the dollar since September 2021 at $1.1780. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
