Latest news with #ManishGoel
Reuters
a day ago
- Business
- Reuters
India's Nifty, Sensex suffer longest weekly losing streak in five years on trade, earnings fears
Aug 8 (Reuters) - India's equity benchmarks fell on Friday, posting their sixth straight weekly loss as U.S. tariffs, trade uncertainty and muted earnings dampened sentiment. The Nifty 50 (.NSEI), opens new tab and the BSE Sensex (.BSESN), opens new tab dropped 0.95% each to 24,363.3 points and 79,857.79, respectively. For the week, they shed 0.8% and 0.9%, respectively. This would be their longest losing streak since April 2020. Losses were broad-based, with 13 of 16 major sectors ending the week in the red. Small-cap (.NIFSMCP100), opens new tab and mid-cap (.NIFMDCP100), opens new tab indexes declined 1.4% and 1.1%. IT (.NIFTYIT), opens new tab and pharma (.NIPHARM), opens new tab indexes lost 0.7% and 2.8%, while financials (.NIFTYFIN), opens new tab and energy (.NIFTYENR), opens new tab fell 1.2% and 1.4%, respectively. Investor sentiment remained fragile amid ongoing uncertainty over a potential U.S.-India trade deal and underwhelming earnings. On Thursday, U.S. President Donald Trump ruled out, opens new tab further talks until the tariff dispute is resolved. This followed a move to double tariffs to 50%, citing India's oil imports from Russia. "Prolonged tariff tensions and relentless foreign selling—totaling $3.47 billion since early July—have injected a fresh wave of volatility and caution into Indian markets," said Manish Goel, founder and MD at Equentis Wealth Advisory Services. Among individual stocks, Adani Enterprises ( opens new tab fell 7.4% this week, extending losses after posting disappointing quarterly results on July 31. Textile exporters including KPR Mill ( opens new tab , Gokaldas Exports ( opens new tab , Vardhman Textiles ( opens new tab , and Trident ( opens new tab fell 4.2%-12.1% after the U.S. hiked duties on Indian imports. In contrast, Hero MotoCorp ( opens new tab surged 6.7% for the week, topping the Nifty 50 after a surprise earnings beat, aided by stronger exports. On the day, LIC ( opens new tab gained 3.2% on a quarterly profit rise. Bharti Airtel ( opens new tab dropped 3.3% on multiple block deals at a discount. "Markets are also adjusting to the RBI's message that the economy should not expect too much incremental support from monetary policy measures for now," said Sandeep Bagla, CEO of TRUST Mutual Fund. The RBI held rates steady on Wednesday but flagged tariff-related risks to the economy.
Business Recorder
a day ago
- Business
- Business Recorder
India's Nifty, Sensex suffer longest weekly losing streak in five years on trade, earnings fears
India's equity benchmarks fell on Friday, posting their sixth straight weekly loss as U.S. tariffs, trade uncertainty and muted earnings dampened sentiment. The Nifty 50 and the BSE Sensex dropped 0.95% each to 24,363.3 points and 79,857.79, respectively. For the week, they shed 0.8% and 0.9%, respectively. This would be their longest losing streak since April 2020. Losses were broad-based, with 13 of 16 major sectors ending the week in the red. Small-cap and mid-cap indexes declined 1.4% and 1.1%. IT and pharma indexes lost 0.7% and 2.8%, while financials and energy fell 1.2% and 1.4%, respectively. Investor sentiment remained fragile amid ongoing uncertainty over a potential U.S.-India trade deal and underwhelming earnings. On Thursday, U.S. President Donald Trump ruled out further talks until the tariff dispute is resolved. This followed a move to double tariffs to 50%, citing India's oil imports from Russia. 'Prolonged tariff tensions and relentless foreign selling—totaling $3.47 billion since early July—have injected a fresh wave of volatility and caution into Indian markets,' said Manish Goel, founder and MD at Equentis Wealth Advisory Services. India stock benchmarks set to open higher on proposed Trump-Putin meeting Among individual stocks, Adani Enterprises fell 7.4% this week, extending losses after posting disappointing quarterly results on July 31. Textile exporters including KPR Mill, Gokaldas Exports, Vardhman Textiles, and Trident fell 4.2%-12.1% after the U.S. hiked duties on Indian imports. In contrast, Hero MotoCorp surged 6.7% for the week, topping the Nifty 50 after a surprise earnings beat, aided by stronger exports. On the day, LIC gained 3.2% on a quarterly profit rise. Bharti Airtel dropped 3.3% on multiple block deals at a discount. 'Markets are also adjusting to the RBI's message that the economy should not expect too much incremental support from monetary policy measures for now,' said Sandeep Bagla, CEO of TRUST Mutual Fund. The RBI held rates steady on Wednesday but flagged tariff-related risks to the economy.
Business Recorder
3 days ago
- Business
- Business Recorder
Indian shares set to open flat ahead of RBI policy decision
Indian shares are set to open little changed on Wednesday ahead of the Reserve Bank of India's (RBI) policy announcement, with investors anticipating a rate pause and dovish signals to offset rising external risks, particularly the proposed U.S. tariffs. Gift Nifty futures were trading at 24,670 points as of 7:04 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near Tuesday's close of 24,649.55. The RBI is widely expected to hold rates steady at its policy decision scheduled at 10:00 a.m. IST, following its surprise 50-basis-point cut in June, which was accompanied by a shift to a 'neutral' stance. While the central bank had previously signalled limited room for further easing, expectations for the reassurance of growth and dovish commentary have intensified following the U.S.'s 25% tariffs on Indian goods. 'In light of the proposed U.S. tariffs, markets will be looking for a dovish tone and clear reassurance on growth support,' said Gaurav Garg, analyst at Lemonn Markets Desk. 'The Governor's guidance on balancing domestic demand with external headwinds will be key.' Since the June 6 policy, the Nifty 50 has slipped 1.41%, weighed down by muted earnings and global uncertainty. Foreign portfolio investors were net sellers for 12 straight sessions till Tuesday, reacting to trade concerns and earnings disappointment. Meanwhile, domestic institutional investors sold stocks in 22 sessions, providing some cushion to FPI outflows. 'The sustained FPI selling was largely driven by a combination of subdued Q1 earnings, a strong U.S. dollar and uncertainty surrounding the U.S-India trade negotiations,' said Manish Goel, founder and managing director at Equentis Wealth Advisory Services. FPI outflows may continue till there is greater clarity on trade policy and an improvement in corporate earnings, Goel added. Broader Asian markets opened lower, while Wall Street declined overnight as investors weighed tariff concerns and weaker than expected U.S. economic data.
Mint
3 days ago
- Business
- Mint
Indian shares set to open flat ahead of RBI policy decision
Aug 6 (Reuters) - Indian shares are set to open little changed on Wednesday ahead of the Reserve Bank of India's (RBI) policy announcement, with investors anticipating a rate pause and dovish signals to offset rising external risks, particularly the proposed U.S. tariffs. Gift Nifty futures were trading at 24,670 points as of 7:04 a.m. IST, indicating that the Nifty 50 will open near Tuesday's close of 24,649.55. The RBI is widely expected to hold rates steady at its policy decision scheduled at 10:00 a.m. IST, following its surprise 50-basis-point cut in June, which was accompanied by a shift to a "neutral" stance. While the central bank had previously signalled limited room for further easing, expectations for the reassurance of growth and dovish commentary have intensified following the U.S.'s 25% tariffs on Indian goods. "In light of the proposed U.S. tariffs, markets will be looking for a dovish tone and clear reassurance on growth support," said Gaurav Garg, analyst at Lemonn Markets Desk. "The Governor's guidance on balancing domestic demand with external headwinds will be key." Since the June 6 policy, the Nifty 50 has slipped 1.41%, weighed down by muted earnings and global uncertainty. Foreign portfolio investors were net sellers for 12 straight sessions till Tuesday, reacting to trade concerns and earnings disappointment. Meanwhile, domestic institutional investors sold stocks in 22 sessions, providing some cushion to FPI outflows. "The sustained FPI selling was largely driven by a combination of subdued Q1 earnings, a strong U.S. dollar and uncertainty surrounding the U.S-India trade negotiations," said Manish Goel, founder and managing director at Equentis Wealth Advisory Services. FPI outflows may continue till there is greater clarity on trade policy and an improvement in corporate earnings, Goel added. Broader Asian markets opened lower, while Wall Street declined overnight as investors weighed tariff concerns and weaker than expected U.S. economic data. (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy and Janane Venkatraman)
Time of India
30-07-2025
- Business
- Time of India
AI sales enablement platform Sharpsell raises Rs 30 crore
Academy Empower your mind, elevate your skills Artificial intelligence (AI)-backed sales platform Sharpsell AI has raised Rs 30 crore in its latest funding round , including Rs 10 crore from Equentis Angel Fund This round follows previous fundraises in 2022 and 2023 from Cornerstone Venture Partners and Mistry Ventures, among others. This is the largest single-company investment made by Equentis Angel Fund under its Category I Alternative Investment Fund (AIF) in 2022, Sharpsell provides an AI-based sales automation platform across sectors such as BFSI, automotive, consumer electronics, and pharmaceuticals. The platform offers ready-to-use sales pitches, personalised content, and coaching to support sales team performance."We take a vertical-first approach and spend time on the ground with sales people to figure out the challenges they field. Additionally, we work with experts from the field. Using that, we generate industry-specific synthetic data . We work with over 30 companies and a few lakh users so far," cofounder and CEO Hanuman Kamma said."This funding round will mainly be used to strengthen our go-to-market strategy and enter new sectors. Part of it will also be used to develop our AI agents," he startup will also use the capital to deepen market penetration within existing verticals and support its international expansion plans across Southeast Asia and the MENA aims to address the performance gap faced by sales professionals in India due to a lack of real-time coaching. The company's platform also supports businesses in digitising sales workflows and improving revenue outcomes through SaaS-based Angel Fund, a SEBI-registered Category I AIF affiliated with Equentis Wealth Advisory Services, focuses on early-stage investments in high-growth, technology-driven companies across sectors."While the global spend on sales enablement tools is inching north of $12 billion, the sales playbook automation segment remains largely untapped in India. Against this backdrop, Sharpsell's AI-led platform is delivering clear revenue and productivity gains," Manish Goel, founder and managing director at Equentis, said.
