Latest news with #NehaVMahajan
Economic Times
2 days ago
- Business
- Economic Times
ET Market Watch: L&T lifts D-Street; Tata Motors tanks
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch — where we bring you the latest news from the world of stock markets every single day. Let's get to it: Indian markets closed slightly higher on Wednesday, lifted by Larsen & Toubro, which jumped nearly 5% after posting a 30% rise in Q1 profits, beating estimates. The Sensex added 144 points, and the Nifty ended above 24,850, though broader gains were limited ahead of the U.S. Fed policy decision and fresh worries about U.S.-India trade ties. Sector-wise, IT and FMCG saw mild gains, while auto and realty stocks dragged. Tata Motors slumped over 3% on reports it may acquire Italy's Iveco for $4.5 billion, raising investor concerns about its balance sheet. In the broader markets, GNG Electronics debuted with a bang, soaring 41%, while Indiqube Spaces slipped 8% on listing. Meanwhile, the Rupee weakened sharply, closing at 87.42 per dollar, its lowest in 5 months, as traders braced for the Fed's rate signals and a possible tariff shock from the U.S. after President Trump warned of steep duties unless a trade deal is sealed by August 1. In commodities, Brent crude slipped to $71 a barrel, and spot gold recovered slightly. That's all for now on ET Market Watch. Make sure to follow us for daily updates. This is Neha V Mahajan, signing off.
Time of India
2 days ago
- Business
- Time of India
ET Market Watch: L&T lifts D-Street; Tata Motors tanks
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch — where we bring you the latest news from the world of stock markets every single day. Let's get to it: Indian markets closed slightly higher on Wednesday, lifted by Larsen & Toubro, which jumped nearly 5% after posting a 30% rise in Q1 profits, beating estimates. The Sensex added 144 points, and the Nifty ended above 24,850, though broader gains were limited ahead of the U.S. Fed policy decision and fresh worries about U.S.-India trade ties. Sector-wise, IT and FMCG saw mild gains, while auto and realty stocks dragged. Tata Motors slumped over 3% on reports it may acquire Italy's Iveco for $4.5 billion, raising investor concerns about its balance sheet. In the broader markets, GNG Electronics debuted with a bang, soaring 41%, while Indiqube Spaces slipped 8% on listing. Meanwhile, the Rupee weakened sharply, closing at 87.42 per dollar, its lowest in 5 months, as traders braced for the Fed's rate signals and a possible tariff shock from the U.S. after President Trump warned of steep duties unless a trade deal is sealed by August 1. In commodities, Brent crude slipped to $71 a barrel, and spot gold recovered slightly. That's all for now on ET Market Watch. Make sure to follow us for daily updates. This is Neha V Mahajan, signing off.
Economic Times
7 days ago
- Business
- Economic Times
ET Market Watch: Sensex slumps 721 pts, Nifty below 24,850; 5 factors why markets crashed
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:Sensex tanked 721 pts while Nifty50 slipped below 24,850. Here's what dragged Dalal Street down:1. Financial Stocks Hit HardBajaj Finance plunged nearly 5% after Q1 results raised red flags around MSME lenders such as HDFC Bank, SBI, Kotak, Axis also Financial Services Index down over 0.9%.2. US-India Trade Deal StalledNo breakthrough on August 1 deadline looms, uncertainty talks stuck on dairy & agri terms.3. FII Sell-off ContinuesFIIs have dumped ₹11,572 crore in just 4 outflows + smallcap correction = weak market sentiment.4. India-UK FTA Signed, like textiles & autos may lack of clarity on the US front means no immediate boost for markets.5. Weak Global CuesAsian indices dipped across the Seng -1.1%, Nikkei -0.8%, ASX -0.5%.Investors cautious ahead of US Fed meeting & Big Tech earnings.M-Cap Loss: ₹6.5 lakh crore gone in a tuned. Volatility isn't going anywhere.
Time of India
7 days ago
- Business
- Time of India
ET Market Watch: Sensex slumps 721 pts, Nifty below 24,850; 5 factors why markets crashed
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Sensex tanked 721 pts while Nifty50 slipped below 24,850. Here's what dragged Dalal Street down: 1. Financial Stocks Hit Hard Bajaj Finance plunged nearly 5% after Q1 results raised red flags around MSME loans. Other lenders such as HDFC Bank, SBI, Kotak, Axis also fell. Nifty Financial Services Index down over 0.9%. 2. US-India Trade Deal Stalled No breakthrough on tariffs. The August 1 deadline looms, uncertainty rising. Trade talks stuck on dairy & agri terms. 3. FII Sell-off Continues FIIs have dumped ₹11,572 crore in just 4 sessions. Heavy outflows + smallcap correction = weak market sentiment. 4. India-UK FTA Signed, BUT... Sectors like textiles & autos may benefit. But lack of clarity on the US front means no immediate boost for markets. 5. Weak Global Cues Asian indices dipped across the board. Hang Seng -1.1%, Nikkei -0.8%, ASX -0.5%. Investors cautious ahead of US Fed meeting & Big Tech earnings. M-Cap Loss: ₹6.5 lakh crore gone in a day. Stay tuned. Volatility isn't going anywhere.
Time of India
24-07-2025
- Business
- Time of India
ET Market Watch: IT stocks crash, markets lose Rs 2.3 lakh crore; Trump's Fed visit jolts sentiment
Transcript Hi, you're listening to ET Markets Radio, I'm your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch, where we bring you the top stories from Dalal Street every single day. Here's what made the markets tumble: Indian benchmark indices ended sharply lower today. The BSE Sensex fell 542 points to close at 82,184, while the Nifty50 lost 158 points, ending at 25,062. Early in the day, the Sensex had plunged over 680 points as weak earnings and global worries weighed heavily on sentiment. The damage? A massive ₹2.3 lakh crore wiped off in market cap, bringing the total valuation of BSE-listed companies to ₹458.05 lakh crore. The biggest culprit? IT stocks. The Nifty IT index slumped 2.2%, leading the sectoral losses. Coforge tanked nearly 9% after posting weak margins and negative free cash flow. The company spent $85 million on capex — most of it to build a new AI data centre, a strategic shift from asset-light to asset-heavy. Persistent Systems missed its growth targets, deal wins were flat, and it deferred wage hikes. The stock fell over 8%. Even Infosys dropped 1.4% after a muted Q1. Other sectors like realty, FMCG, financial services, and private banks also saw losses between 0.5% and 1.1%. Broader markets didn't hold up either, with midcaps and smallcaps also in the red. In a surprise development, the White House announced that President Donald Trump will visit the Federal Reserve, a highly unusual move. This escalated concerns of political interference, rattling global investors ahead of the next Fed policy meet. While the US central bank is expected to hold rates steady, the political overhang created fresh uncertainty. And if that wasn't enough, there's tension on the trade front too. An interim trade deal between India and the US before the August 1 deadline now looks unlikely. Talks have stalled over tariff cuts on key agricultural and dairy products. Back in April, Trump had threatened a 26% tariff on Indian imports, which was paused temporarily. That pause ends next week and India has yet to receive a formal exemption letter. A US delegation is expected in New Delhi soon but so far, no breakthrough. To sum it up: -IT earnings disappointed -Global nerves were frayed by Trump's Fed visit -Trade deal hopes dimmed That's a tough mix for any market to digest. Thanks for tuning in to ET Market Watch. I'm Neha Vashishth and I'll catch you tomorrow with more key insights from the markets. Until then, take care and invest wisely.
