Latest news with #MSCIIndiaIndex
News18
3 days ago
- Business
- News18
Swiggy, Waaree Energies among 4 firms added to MSCI India Index
New Delhi, Aug 8 (PTI) As many as four companies, including Swiggy, Vishal Mega Mart and Waaree Energies, will be included to the MSCI India Index effective close of trade on August 26, 2025, as per a latest review by global index compiler MSCI. Hitachi Energy India, Swiggy, Vishal Mega Mart and Waaree Energies are the additions to the MSCI India Index, according to an announcement by MSCI. Two companies — Sona BLW Precision and Thermax — will move out of the index, as per the announcement. MSCI is a leading provider of critical decision support tools and services for the global investment community. In the MSCI Global Small Cap Indexes, 15 firms will be added, while 6 companies will move out effective August 26, 2025. However, Bharat Dynamics, Easy Trip Planners, Hikal, Jain Irrigation Systems, MSTC and Protean eGov Technologies will move out. PTI SUM HVA view comments First Published: August 08, 2025, 15:15 IST 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.
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Business Standard
31-07-2025
- Business
- Business Standard
Trump's tariffs threaten to deepen India's $248 bn stock market rout
India's faltering equities market faces the risk of more losses after the nation was slapped with one of the highest tariff rates in Asia on its exports to the US. President Donald Trump said he would impose a 25 per cent levy on Indian goods starting Friday and threatened an additional penalty over the country's energy purchases from Russia. That's a steeper hit than the 15 per cent to 20 per cent range applied on several regional peers. India's stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings. The underperformance has deepened this month as foreign investors have accelerated their withdrawals, turning attention to cheaper or more attractive markets like Hong Kong and South Korea. The value of India's stock market is down $248 billion since reaching a record on July 2. 'India is known to be a tough negotiator when it comes to trade, and this time the toughness seems to have effected an undesirable outcome,' said Tomo Kinoshita, global market strategist at Invesco Asset Management. 'The 25 per cent tariff should have a moderate negative impact on India's stock market, especially for export sector stocks.' The MSCI India Index is on track for its weakest month since February. While it has eked out a gain this year, its performance trails the almost 14 per cent jump in MSCI Asia Pacific Index and pales in comparison to the 36 per cent surge in the MSCI Korea Index, which has rallied on optimism surrounding bold reforms under a new president. Futures contracts on the local benchmark NSE Nifty 50 Index dropped 0.6 per cent after Trump's announcement while the iShares MSCI India ETF slid 1.5 per cent. The situation remains fluid, as the US president later said negotiations with India continue and whether or not a trade deal can be reached will be known 'at this end of this week.' India's once-lauded relative insulation from global turmoil is losing its shine. With earnings offering few positive surprises and valuations remaining among the highest in the region, investors are likely to stay cautious in the near term. The MSCI India trades at almost 22 times its one-year forward earnings, well above its long-term average and gauges of Chinese and Korean shares. Even as stocks decline, India's equity capital market is humming. Fundraising from initial public offerings, share placements to large investors and block trades has topped $6 billion for a third straight month. That level of issuance — last seen in late 2024 — coincided with a double-digit correction in local shares. 'High valuations and slowing profits are inverting buyer-seller incentives,' said Prateek Parekh, a strategist with Nuvama Institutional Equities. Business founders and private equity investors are on a 'selling spree,' while domestic flows are slowing. 'Foreign fund flows are now critical.' That boost will be key, as foreign investors — who have withdrawn more than $2 billion from local shares this month — weigh whether earnings can justify the rich valuations. The April-June results season so far has done little to ease concerns. Earnings from key technology and financial firms, the two sectors that together make up about 40 per cent of the market's value, have largely underwhelmed. Yet some believe the tide could still turn. Interest-rate cuts and a pick-up in economic growth could end the 'flat-to-weak' positioning of local stocks and lay the foundation for an earnings rebound in the second half of the year through March, according to Emkay Global Financial Services' strategist Seshadri Sen. Rahul Chadha, founder and chief investment officer at New York-based Shikhara Investment Management LP. Chadha, said his fund has raised exposure to Korean stocks in recent months due to benefits including improved corporate governance. 'Honestly, 2025 looks challenging for India to close the performance gap,' he added.
Time of India
31-07-2025
- Business
- Time of India
Trump's tariffs threaten to deepen $248 billion India stock rout
India's faltering equities market faces the risk of more losses after the nation was slapped with one of the highest tariff rates in Asia on its exports to the US. President Donald Trump said he would impose a 25% levy on Indian goods starting Friday and threatened an additional penalty over the country's energy purchases from Russia. That's a steeper hit than the 15% to 20% range applied on several regional peers. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Product Management Artificial Intelligence others Management Digital Marketing Data Analytics Degree Finance Design Thinking MCA Cybersecurity CXO Project Management Healthcare Data Science Technology Data Science Leadership Operations Management PGDM Public Policy healthcare Others Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details India's stock benchmark has lagged most major global peers this year amid concerns over a slowdown in its economy and corporate earnings. The underperformance has deepened this month as foreign investors have accelerated their withdrawals, turning attention to cheaper or more attractive markets like Hong Kong and South Korea. The value of India's stock market is down $248 billion since reaching a record on July 2. 'India is known to be a tough negotiator when it comes to trade, and this time the toughness seems to have affected an undesirable outcome,' said Tomo Kinoshita, global market strategist at Invesco Asset Management. 'The 25% tariff should have a moderate negative impact on India's stock market, especially for export sector stocks.' The MSCI India Index is on track for its weakest month since February. While it has eked out a gain this year, its performance trails the almost 14% jump in MSCI Asia Pacific Index and pales in comparison to the 36% surge in the MSCI Korea Index, which has rallied on optimism surrounding bold reforms under a new president. Live Events Bloomberg Futures contracts on the local benchmark NSE Nifty 50 Index dropped 0.6% after Trump's announcement while the iShares MSCI India ETF slid 1.5%. The situation remains fluid, as the US president later said negotiations with India continue and whether or not a trade deal can be reached will be known 'at this end of this week.' India's once-lauded relative insulation from global turmoil is losing its shine. With earnings offering few positive surprises and valuations remaining among the highest in the region, investors are likely to stay cautious in the near term. The MSCI India trades at almost 22 times its one-year forward earnings, well above its long-term average and gauges of Chinese and Korean shares. Even as stocks decline, India's equity capital market is humming. Fundraising from initial public offerings, share placements to large investors and block trades has topped $6 billion for a third straight month. That level of issuance — last seen in late 2024 — coincided with a double-digit correction in local shares. Also read: How will Trump's tariff announcement impact Indian stock market? 'High valuations and slowing profits are inverting buyer-seller incentives,' said Prateek Parekh, a strategist with Nuvama Institutional Equities. Business founders and private equity investors are on a 'selling spree,' while domestic flows are slowing. 'Foreign fund flows are now critical.' That boost will be key, as foreign investors — who have withdrawn more than $2 billion from local shares this month — weigh whether earnings can justify the rich valuations. The April-June results season so far has done little to ease concerns. Earnings from key technology and financial firms, the two sectors that together make up about 40% of the market's value, have largely underwhelmed. Yet some believe the tide could still turn. Interest-rate cuts and a pick-up in economic growth could end the 'flat-to-weak' positioning of local stocks and lay the foundation for an earnings rebound in the second half of the year through March, according to Emkay Global Financial Services ' strategist Seshadri Sen. Rahul Chadha, founder and chief investment officer at New York-based Shikhara Investment Management LP. Chadha, said his fund has raised exposure to Korean stocks in recent months due to benefits including improved corporate governance. 'Honestly, 2025 looks challenging for India to close the performance gap,' he added. ETMarkets WhatsApp channel )
Mint
28-07-2025
- Business
- Mint
Bulls and bears clash at 25,200: Will Nifty break free?
Indian stocks could see more volatility this week as the Nifty struggled to hold above the 25,200 level last week. This key resistance has triggered a battle between bulls and bears, amid heavy selling by foreign investors. Bears concluded four straight weeks of negative closing last Friday— the Nifty fell by 3.12% from 27 June to 24,837 on 25 July— with heavy open interest accumulating at the 23,900 strike Nifty call option expiring this Thursday. At closing on Friday, bears raised open positions— outstanding sell positions— of the 24,900 call by a whopping 962% to 86,159 contracts (one contract comprises 75 shares). "The sale shows that bears are confident, at least for now, of the market remaining below 24,900 by the end of this month," said Kruti Shah, quant analyst at Equirus. High levels of call selling reflects trader anticipation of further cuts in the market while heavy put selling indicates bullishness. Shah said that any downside after four weeks of an 800 point fall would be restricted to 24,500-24,600 levels, given the huge support by DIIs (domestic institutional investors). "Unless the market breaks the 25,200 resistance convincingly, it faces the prospect of a further cut to 24,500/600, which are strong supports," added Shah. Chandan Taparia, derivatives and technical head of research, Motilal Oswal added that the index has repeatedly failed to hold above this level. 'My range for now is 24,500 to 22,500," he said. Three failed attempts Since hitting a multi-month low of 21,743 on 7 April, the Nifty has gained 14% to 24,837. But it has failed three times to sustain above 25,200; each time falling sharply afterward. On 15 May, it jumped to 25,116.25 but fell 654 points to 24,462 by 22 May. It then bounced back 698 points to close at 25,160.1 on 9 June, only to slip again—this time by 687 points—to 24,473 on 13 June. A final recovery took the index to 25,669 on 30 June, but by last Friday it had fallen sharply once again by 832 points to 24,837. India lags global peers Indian markets have underperformed most global peers this year, amid tepid earnings growth and high valuations, forcing FPIs to press the sell button in favour of other emerging markets. For instance, while the MSCI India Index delivered a gross return of 6.55% in the calendar year through June, other major Asian markets fared better. The MSCI China Index returned 17.46%, MSCI Korea surged 39.69%, and MSCI Taiwan gained 10.43% during the same period, according to MSCI data. "FPIs are selling India in favour of other EMs as our earnings growth though better than expected doesn't justify the relatively high valuations," explained SK Joshi, consultant at Khambatta Securities. After net buying shares worth ₹8,467 crore in India's cash market last month, FPIs turned net sellers, offloading ₹20,263 crore worth of equities in the month through 24 July, National Securities Depository Ltd (NSDL) data showed. The reversal coincides with tepid earnings momentum—while standalone profits for the June quarter rose 22% year-on-year to ₹1.49 trillion, sequential growth was a mere 0.24%, according to Capitaline.
Mint
07-07-2025
- Business
- Mint
India's share in global market cap up from recent low—but risks remain
The first half of 2025 proved turbulent for Indian equities. Geopolitical tensions, fears of slowing global growth weighing on exports, and muted domestic consumption dampened investor sentiment. The MSCI India Index slumped to a new low of 2,574 in February but has since staged a gradual recovery, now trading at 3,006. A key catalyst has been the Reserve Bank of India's accommodative stance. With inflation easing, the central bank has delivered a surprise 100 basis point cut in the repo rate, alongside a reduction in the cash reserve ratio and other liquidity measures. More monetary policy easing could follow in the second half. A combination of lower borrowing costs, softer inflation, and improved liquidity could help revive consumer spending and support corporate earnings. Still, downside risks persist. India's share of global market capitalization slipped slightly to 4% in June, from 4.1% in May—though it remains above the long-term average and well above the 16-month low of 3.6% seen February. Two near-term events would decide the trajectory of Indian stocks. First, the contours of the upcoming India-US trade deal will be crucial where an unfavourable outcome could mean an adverse impact on foreign portfolio flows. Second, the June quarter (Q1FY26) earnings season will offer cues on the strength of recovery. Kotak Institutional Equities expects Q1FY26 aggregate net income of its coverage universe to increase 10.6% year-on-year, largely driven by a strong rebound in profits of oil marketing companies (OMCs). Excluding OMCs, net income will see a modest 4.5% increase. Among sectors, consumer durables & apparels, electric utilities and IT services sectors are expected to see single-digit earnings growth. On the other hand, automobiles and components, banks (persisting pressure from NIM compression), consumer staples (margin pressure), gas utilities and transportation sectors would report weak earnings growth, said the Kotak report dated 6 July. Valuations remain a concern. The MSCI India index is trading at a one-year forward price-to-earnings of 21x, showed Bloomberg data, higher than most Asian peers. So far this year, it has returned just 5%—underperforming the MSCI Asia ex-Japan and MSCI Emerging Markets indices, both of which have delivered double-digit gains. 'As we enter the second half of the year, the outlook (for global equities) appears optimistic yet measured. Geopolitical tensions have subsided, trade frictions are diminishing, and global economic activity—particularly in China—is showing signs of recovery," said IDBI Capital Markets & Securities' July strategy report. Still, IDBI expects limited valuation expansion in Indian equities, noting that much of the good news is already priced in, projecting markets to remain range-bound in the near term.
