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Mint
a day ago
- Business
- Mint
NSDL share price breaks above ₹1,000 apiece, rises 35% over IPO price in two days
NSDL share price: Shares of newly-listed National Securities Depository rallied a whopping 16% in the intraday deals on Thursday, August 6, a day after its stock market debut. The rise in NSDL stock not just powered past the ₹ 1000 mark but also delivered its initial public offer (IPO) investors a sweet 35% return on their investment in just two days. NSDL IPO shares listed on the BSE on Wednesday, August 5, at a premium of 10% at ₹ 880, and settled 17% higher above the issue price of ₹ 800. In today's trading session, NSDL share price opened at ₹ 934.95, slightly below the last closing price of ₹ 936. However, it soon jumped to the day's high of ₹ 1087.90, defying the weak Indian stock market trend, and recording an upside of 16%. As of 1.30 pm, there were buy orders for 16 lakh NSDL shares on the BSE and sell orders for 12.5 lakh shares. NSDL is the largest depository in India, which manages over ₹ 200 lakh crore worth of securities in demat form and holds a dominant 85% market share. "Given its position at the heart of India's financial ecosystem, NSDL is well-poised to benefit from the country's growing retail investor base, which has surged by 55% in the last two years. Moreover, the government's push for digital financial services offers a strong tailwind for NSDL's growth, positioning the company for long-term expansion," said Harshal Dasani, Business Head at INVasset PMS. While NSDL's long-term growth prospects are compelling, investors should be cautious of short-term volatility, particularly given its post-IPO price movement, Dasani said. He advised long-term investors to hold the stock, but added that for short-term investors, waiting for potential corrections could provide an opportunity to enter at a more attractive valuation. NSDL IPO has seen a healthy 41 times bids. The retail investor segment was subscribed 7.73 times. The non-institutional investor (NII) quota saw a subscription rate of 34.98 times. Meanwhile, the portion reserved for qualified institutional buyers (QIBs) was booked at 103.97 times. The employee segment witnessed a subscription rate of 15.42 times. The public offering of the depository consists solely of a sale offer (OFS) for 5.01 crore shares, with the sellers including the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India, and the Administrator of Specified Undertaking of the Unit Trust of India (SUUTI).
Mint
31-07-2025
- Business
- Mint
Nifty 50 tends to gain in August, shows 10-year history. Can the trend sustain amid Trump's tariff curveball?
Indian stock market: Benchmark indices paused for breath in July after a stellar multi-month rally, as disappointing corporate earnings and persistent foreign outflows weighed on sentiment. Investor caution was further heightened by uncertainty around a potential trade deal, which ultimately failed to meet expectations. US President Donald Trump threw a curveball in the form of a 25% tariff on imports, along with a warning of unspecified penalties for energy and defence-related purchases from Russia. This promoted worries that August, which is generally a positive month for the Indian stock market, may see tempered gains as global headwinds and cautious investor sentiment persist. Historically, July and August are among the most seasonally positive months for Indian equities. The Nifty 50 index has shown a positive trend during the month of August, delivering gains in six out of the past 10 years, according to data from JM Financial, with a median return of 1.4%. While markets bucked the trend in July, declining 1.7% so far (till July 30), analysts believe that while August may be characterised by volatility, it is likely to exhibit a positive trend. Harshal Dasani, Business Head, INVasset PMS, said that August could present a turnaround. With the ambiguity around the US–India trade stance gradually resolving — even if via an adverse outcome like tariff escalation — the market may begin to stabilise, Dasani said, adding that historically, equities consolidate when the 'event risk' transitions into known outcomes. Ashish Chaturmohta, Managing Director & Fund Manager, Apex PMS, JM Financial, also opined that despite some weakness in July 2025, primarily due to a softer outlook from the IT sector and elevated provisioning in the BFSI segment, the outlook for August remains constructive. His optimism is supported by above-average monsoon rainfall and improved reservoir levels, which are expected to boost rural demand and support agriculture, and a decent earnings season. "External environment, particularly the US tariff on Indian exports, remains the key monitorable and could influence market sentiments. Overall, the market sentiment for August 2025 appears positive and aligned with historical averages," said Chaturmohta. While analysts foresee an impact of Trump's tariff threat on export-heavy sectors, barring a full-blown trade war, they see limited downside. Emkay Global, in a note today, said that although trade talks appear to have stalled, we believe this saga is far from over. "Beyond pure economics, such negotiations carry significant geopolitical weight. Despite a potential shift in the balance of negotiation power, we believe both sides are still likely to push for a deal soon," it said. India's exports to the US are only 2% of GDP, with much lower value-added embedded in them. According to Emkay's estimates, previous static analysis suggests that India's US exports could drop by $30-33 bn (0.8-0.9% of GDP) at 25%+ tariffs, not adjusting for the complexity of dynamic cross-country hits/responses. While the announcement adds some downside tail risk, it is too early to consider actual forecast changes, it added. "In fact, with the rupee stabilising near ₹ 87.5 and Brent crude easing below $73, key macro stressors seem priced in. The geopolitical risk premium is also no longer expanding. Given that the uncertainty has peaked, and past Augusts tend to favour bulls, we could now see a shift from risk-off to recalibration mode—especially if global yields cool," Dasani added. As the market is expected to be volatile amid event-driven swings, Khushi Mistry, Research Analyst at Bonanza, advised adopting a cautious and selective approach. "It is prudent to emphasise quality large-cap companies with strong balance sheets and steady domestic demand exposure, such as financials and consumption sectors, rather than chasing risky small and midcap stocks." Gradual accumulation on market dips can capture value while maintaining discipline, Mistry recommended. Jashan Arora, Director at Master Trust Group, also advised investors to stay selectively invested, focusing on quality large-caps and sectors like banking, capital goods, and auto. "Caution is advised in small caps. A staggered approach to investing may help navigate any near-term volatility." Major drivers for August could include global interest rate signals, crude oil prices, domestic inflation and GDP data, and any geopolitical developments, along with FII stance, added Arora. Disclaimer: This story is for educational purposes only. 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.
Mint
30-07-2025
- Business
- Mint
Terrible Thursday awaits D-Street? What Gift Nifty, experts signal for Indian stock market after Trump's 25% tariff move
Indian stock market: Despite multiple rounds of discussion between the US and India, President Donald Trump announced a 25% tariff on Wednesday ahead of the August 1 deadline, which, according to analysts, is likely to spark a knee-jerk reaction when the Indian stock market opens for trading tomorrow, July 31. The signs of an impending volatile session were already visible, as GIFT Nifty futures saw a sharp decline after Trump slapped higher-than-expected tariffs on India, signalling some stalemate in the ongoing negotiations between the two nations. Gift Nifty futures plunged sharply to 24,678, and were last trading down 160 points, or 0.63%, at 24,700, signalling a gap-down opening for the Indian stock markets on Thursday. Analysts had signalled that a rate of 20% or higher would come as a disappointment for India, which had been seeking a better deal than the 19% that Trump offered Indonesia and the Philippines. Anirudh Garg, Fund Manager at INVasset PMS, said a knee-jerk reaction is quite possible tomorrow — partly due to Trump's 25% tariff announcement, and partly because it coincides with the monthly expiry. "On expiry days, volatility tends to spike as traders roll over positions and settle futures and options contracts. With Gift Nifty already reacting negatively, we could see that sentiment spill over into domestic markets at the open," Garg added. Kranthi Bathini, Director - Equity Strategy, WealthMills Securities, refrained from predicting a stock market crash, but did not rule out the possibility of a knee-jerk reaction. "There could be a knee-jerk reaction in the short term, but the issue with Trump is that he often says one thing today and something completely different tomorrow. What is certain is the uncertain nature of Trump's approach," said Bathini. Garg added that while the headline shock may drive short-term selling, especially in export-linked sectors like engineering, gems, and textiles, the broader market may soon reassess. 'India's export exposure to the US is significant, but not dominant—about $77.5 billion in 2024. The estimated GDP impact is modest, between $3–8 billion (or ~ ₹ 25,000– ₹ 66,000 crore), translating to a 0.07–0.2% hit. This is not disruptive when set against India's strong domestic demand base, PLI-led capex momentum, and geopolitical tailwinds,' Garg added. Structurally, markets are likely to stabilise once the dust settles, he said. 'If anything, this may offer opportunities in select names where the long-term thesis remains intact.' Trump said he would impose a tariff rate of 25% on India starting on August 1 and suggested he would add an additional penalty on the country's energy purchases from Russia. Trump, in a post on Truth Social today, said India had tariffs that were 'among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country.' 'Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE, ' he added. 'INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST.' Disclaimer: This story is for educational purposes only. 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.
News18
30-07-2025
- Business
- News18
Trump's Tariff And Penalty Shock Sends GIFT Nifty Tumbling Below 24,700
Last Updated: Indian benchmark indices are expected to open lower on Thursday, July 31, in reaction to the tariff announcement GIFT Nifty fell sharply on Wednesday, dropping 0.70% or 174 points to 24,680, after former US President Donald Trump announced a fresh 25% tariff along with an unspecified penalty on India. The move, linked to India's continued trade ties with Russia, reignited concerns over global protectionism and weighed on market sentiment. Trump made the announcement via his Truth Social account, stating that the tariff and penalty would take effect from August 1. He accused India of maintaining high tariffs and non-monetary trade barriers, even as he described the country as a 'friend" of the United States. 'While India is our friend, we have done relatively little business with them because their tariffs are far too high, among the highest in the world," Trump wrote. 'They also have the most strenuous and obnoxious non-monetary trade barriers of any country." The former US President claimed the new trade penalties were a response to India's large-scale imports of military equipment and energy from Russia. However, he did not clarify the quantum of the penalty beyond the 25% tariff. Indian benchmark indices are expected to open lower on Thursday, July 31, in reaction to the tariff announcement. Export-oriented sectors such as IT, textiles, and engineering may see heightened pressure, analysts said. On Tuesday, July 30, equity markets ended flat despite early gains. The BSE Sensex rose 144 points, or 0.18%, to close at 81,482, while the NSE Nifty50 gained 34 points, or 0.14%, to finish at 24,855. However, concerns around the delayed India-US trade deal and now fresh tariff headwinds are expected to weigh on investor sentiment going forward. Adding to the pressure, the Indian rupee weakened to a four-month low amid fears of a slowdown in exports following the US action. Impact on Economy Could Be Modest, Say Analysts Bhavik Joshi, Business Head at INVasset PMS, said Trump's tariff move has revived concerns around global protectionism just as markets were beginning to stabilize post-slowdown. 'A tariff of this magnitude poses risks, but its macroeconomic dent is likely to be contained," Joshi noted. Preliminary estimates suggest India could suffer a GDP loss of $3–8 billion due to the tariffs. However, that could be offset by $10–15 billion in potential gains from trade realignment and supply chain diversification. 'Markets may reprice risk temporarily, but structurally, India is better positioned than most to absorb and pivot," Joshi said. 'The focus now shifts to execution—on supply chain reconfiguration, INR trade acceleration, and bilateral trade deals. Amid the noise, India's fundamentals remain the clearest signal." view comments 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.
Mint
24-07-2025
- Business
- Mint
India-UK FTA: Experts are bullish on these sectors, recommend top stocks that can benefit from the agreement
India-UK FTA: Various sectors and stocks from the Indian stock market will likely hog the limelight on Friday, July 25, when trading resumes on the bourses following the landmark free trade agreement (FTA) between India and the UK. The FTA, which covers a wide array of sectors, will cut tariffs for various British imports while 99% of Indian exports to the UK would see duties eliminated to zero, including for segments like textiles, leather goods, agri products, medical devices and drugs, as per the documents shared by Indian officials. Additionally, the India-UK FTA will make it easier for British firms to export whisky, cars and other products to the country. The FTA signed by the two countries is expected to boost bilateral trade by around $34 billion annually. The deal was signed by Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynold in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer. Analysts believe that the India-UK trade deal is a lesson in global economic diplomacy and India's growing prominence in global trade. It assumes even more importance for India as it negotiates a trade deal with the US amid tariff threats. Moreover, with the China-plus-one policy gathering steam, India has emerged as an alternative. Analysts said that for India, the FTA could lead to more exports and greater foreign investment. Harshal Dassani, Business Head, INVasset PMS, said the zero-duty access to UK markets for textiles, gems, jewellery, seafood, engineering goods, and pharmaceuticals comes at a time when global supply chains are seeking China+1 partners. The agreement isn't just a diplomatic milestone—it's a targeted economic catalyst for multiple Indian sectors, Dasani added. Meanwhile, Pallavi Bakhru, Partner and UK Corridor Leader, Grant Thornton Bharat, believes the India–UK free trade agreement marks a pivotal moment - not only for boosting bilateral trade volumes, but for sparking employment and industrial renewal across both economies. She added that this FTA could unlock £25.5 billion in annual trade. Analysts largely remain bullish on sectors like textiles, gems and jewellery, and seafood as the deal opens direct market access in these export verticals. Additionally, they are also bullish on the sectors like auto, pharma and agriculture that could benefit. According to the FTA, Indian farm products will get the same low-tax treatment as products from top European countries like Germany, with India securing zero duties on 95% of agriculture and processed food items. Against this backdrop, Mahesh Ojha of Hensex sees agriculture-related stocks seeing an upside. "Duty-free access is expected to increase agri exports by over 20% in the next three years, contributing to India's goal of $100 billion agri-exports by 2030," the official said. The CETA eliminates UK tariffs on India's marine products. Despite the UK's $5.4 billion marine import market, India's share remains at just 2.25%, underscoring a significant untapped opportunity. Against this backdrop, Dasani said marine exporters such as Avanti Feeds could scale volumes rapidly with tariff barriers lifted. Under the FTA, there will be no import duties on Indian textiles and leather, which will make India more competitive with other exporting countries like Bangladesh and Cambodia. Dasani said for labour-intensive sectors like textiles, companies such as Vardhman Textiles and Arvind will benefit from an 8–12% cost advantage over global peers, unlocking new export orders. Meanwhile, Ojha recommends Welspun India and Arvind. India's total gems and jewellery exports to the UK are valued at $941 million, with $400 million coming from jewellery. The FTA opens up a huge market as the UK imports approximately $3 billion worth of jewellery annually. According to officials, tariff relaxations under the FTA are projected to double India's gems and Jewellery exports to the UK within the next 2-3 years. Jewellery and gems players like Titan and Kalyan Jewellers will gain from duty-free access in a high-margin market like the UK, where Indian craftsmanship is already well regarded, Dasani recommended. From 16% to zero, tariffs have been eliminated on India's leather and footwear. Ojha expects Relaxo and Bata India to benefit from this agreement. Engineering and auto component firms, notably Bosch India and SKF India, will ride on increased machinery and precision equipment exports, aided by a trusted trading framework, said Dasani. India will cut duties to 10% from over 100% under a quota system that will be gradually liberalised. In return, Indian manufacturers will gain access to the UK market for electric and hybrid vehicles, also under a quota system. Meanwhile, Ojha recommends looking at Tata Motors, Bharat Forge and Sona Comstar. Under the trade agreement, tariffs on Scotch whisky will drop to 75% from 150%, and then slide to 40% over the next decade, according to the British government. This, according to Ojha spells good for United Spirits, a subsidiary of UK-based Diageo PLC. Further, the focus on services, defence, education, and climate opens up avenues for IT giants like Infosys and TCS through greater mobility and cross-border contracts, Dasani said. "As tariffs fall and credibility rises, Indian exporters gain pricing power, scale access, and long-term visibility—key ingredients for rerating export-heavy portfolios in 2025 and beyond," he added. (With inputs from agencies) Disclaimer: This story is for educational purposes only. 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.
