Latest news with #NehaVMahajan.Welcome
Time of India
11-07-2025
- Business
- Time of India
ET Market Watch: TCS earnings, Sebi crackdown among 4 reasons why markets tanked
Transcript Hi, you're listening to ET Markets Radio. I'm your host, Neha V to a fresh episode of ET Market Watch, where we bring you the latest news from the world of stock markets every single get to ended deep in the red this Friday, and there wasn't just one reason. There were four. Let's break them up: TCS largest IT company posted its Q1 numbers, and they didn't net profit was up 6% year-on-year to ₹12,760 revenue in constant currency terms actually fell 3.1%.The result? TCS shares closed 3.5% weakness bled into the entire IT pack, Wipro, HCL Tech, LTIMindtree, Persistent Systems, Infosys, all IT fell 1.8%.Factor two: Trump's tariff US President announced a 35% tariff on imports from hinted at 15 to 20% blanket tariffs on other major trade rekindled fears of a global trade war, and global markets responded with and Eurozone futures slipped around 0.4%.Third, oil prices are climbed after Trump teased an announcement on Russia, sparking fears of new touched $68.83 a barrel. WTI rose to $ adding to inflation fears — and markets don't like fourth — SEBI's market regulator is investigating over 200 companies for alleged pump-and-dump were conducted at over 80 locations. Data was seized from 150 mobile devices and 100 companies in question are said to have manipulated share prices through coordinated social media made investors extra cautious, especially in smallcaps and it all together, and here's the picture:The Sensex ended 690 points fell 205 sectors bled, IT, Auto, Realty, Consumer Durables, down up to 1.8%.That's your quick wrap on today's market be back tomorrow with then, stay informed, stay sharp.
Time of India
10-07-2025
- Business
- Time of India
ET Markets Watch: Market cautious ahead of earnings; Rs 2.29 lakh crore investor wealth wiped out!
Transcript Hi, you're listening to ET Markets Radio. I'm your host, Neha V to a fresh episode of ET Market Watch, where we bring you the latest news from the world of stock markets every single get to markets ended in the red on Thursday, dragged down by losses in IT and financial stocks, as investors turned cautious ahead of TCS earnings and amid persistent uncertainty over a potential US-India trade BSE Sensex fell 346 points to close at 83,190, while the NSE Nifty slipped 121 points, settling below the 25,400 mark at 25, drags on the market included Bharti Airtel, Asian Paints, BEL, Tech Mahindra, Infosys, LTIMindtree, and HCL Tech, with losses ranging from 0.7% to 2.6%.The Nifty IT index was down 0.8%, reflecting investor caution ahead of TCS' Q1 results, which were due after market hours. Interestingly, TCS shares bucked the trend, closing 0.4% stocks also remained under pressure — the Nifty Bank and Nifty PSU Bank indices slipped 0.5% and 0.8%, respectively. HDFC Bank and ICICI Bank were among the top laggards in the Reliance Industries, a heavyweight on both indices, ended slightly lower, down 0.1%.In the broader market, the Nifty Midcap 100 and Nifty Smallcap 100 both declined 0.3%.On the technical front, Rupak De, Senior Technical Analyst at LKP Securities, said the Nifty has broken below its recent congestion zone and is trading below the 21-hour exponential moving average, a sign of prevailing bearish noted the RSI (14) has also turned negative, suggesting further downside is possible. The key support zone is now at 25,250–25,200, with resistance at 25,400–25, markets, however, painted a mixed equities edged higher on optimism around AI and hopes of rate cuts, despite pressure from U.S. President Donald Trump's trade DAX gained 0.1%, and the UK's FTSE 100 surged 1%, hitting a new all-time high. In Asia, the MSCI Asia-Pacific Index outside Japan rose 0.5%.Meanwhile, Nasdaq futures were slightly lower after the index hit a record close on commodities, Brent crude slipped 0.3% to trade below $70 per barrel, and WTI crude dropped 0.5% to $68.06, as traders weighed the possible economic fallout of Trump's in currency markets, the Indian rupee closed almost flat at 85.63 against the dollar, while the dollar index weakened slightly, slipping 0.19% to all for now on ET Market you for tuning in. This is Neha Vashishth, signing off until tomorrow.
