Latest news with #NehaVashishthMahajan
Economic Times
2 days ago
- Business
- Economic Times
ET Market Watch: Markets slip post RBI policy; IT & pharma drag, Trump's tariff warning jolts sentiment
Transcript Hi, you're listening to ET Market Watch. I'm Neha Vashishth Mahajan, here's a quick wrap of the market action on Slip Post-RBI PolicyIndian markets ended in the red today, as rate-sensitive sectors reacted negatively to the Reserve Bank of India's monetary policy decision. The central bank held interest rates steady and maintained a neutral stance, in line with expectations, but disappointed investors hoping for a more dovish signal amid global Sensex fell 166 points to close at 80,543, while the Nifty slipped 75 points, settling below 24,600 at 24, Dragged Markets?IT and Pharma stocks were among the worst performers, down around 2%, hit by fresh trade tension from the USRate-sensitive sectors like real estate, auto, and consumer durables also closed markets underperformed, with small and mid-caps falling up to 1.1%.Trump's Tariff ThreatUS President Donald Trump escalated trade tensions, warning of a 'very substantial' hike in tariffs on Indian imports within 24 hours due to India's continued purchase of Russian oil. That added to market DragsStocks like Sun Pharma, Tech Mahindra, Bajaj Finance, and Infosys were among the major laggards on the ViewVinod Nair of Geojit Financial Services said that while the RBI's stance was expected, sectors like pharma took a direct hit from renewed tariff Nifty remains under selling pressure. LKP Securities' Rupak De sees further downside if the index breaks below 24,400, a crucial support SnapshotGlobal markets showed signs of recovery, with European and Asian indices rebounding modestly. Investors are now watching key US economic data and Fed rate cues & RupeeBrent crude rose to $68.54 on the back of a surprise drawdown in US Indian rupee firmed slightly to 87.73 per dollar, helped by the RBI's decision, but may remain volatile due to external tariff all for now on ET Market Watch. Stay tuned for more updates. I'm Neha V Mahajan, signing off.
Time of India
2 days ago
- Business
- Time of India
ET Market Watch: Markets slip post RBI policy; IT & pharma drag, Trump's tariff warning jolts sentiment
Transcript Hi, you're listening to ET Market Watch. I'm Neha Vashishth Mahajan, here's a quick wrap of the market action on Wednesday. Markets Slip Post-RBI Policy Indian markets ended in the red today, as rate-sensitive sectors reacted negatively to the Reserve Bank of India's monetary policy decision. The central bank held interest rates steady and maintained a neutral stance, in line with expectations, but disappointed investors hoping for a more dovish signal amid global uncertainty. The Sensex fell 166 points to close at 80,543, while the Nifty slipped 75 points, settling below 24,600 at 24,574. What Dragged Markets? IT and Pharma stocks were among the worst performers, down around 2%, hit by fresh trade tension from the US Rate-sensitive sectors like real estate, auto, and consumer durables also closed lower. Broader markets underperformed, with small and mid-caps falling up to 1.1%. Trump's Tariff Threat US President Donald Trump escalated trade tensions, warning of a 'very substantial' hike in tariffs on Indian imports within 24 hours due to India's continued purchase of Russian oil. That added to market jitters. Top Drags Stocks like Sun Pharma, Tech Mahindra, Bajaj Finance, and Infosys were among the major laggards on the Sensex. Expert View Vinod Nair of Geojit Financial Services said that while the RBI's stance was expected, sectors like pharma took a direct hit from renewed tariff threats. Technically, Nifty remains under selling pressure. LKP Securities' Rupak De sees further downside if the index breaks below 24,400, a crucial support level. Global Snapshot Global markets showed signs of recovery, with European and Asian indices rebounding modestly. Investors are now watching key US economic data and Fed rate cues closely. Commodities & Rupee Brent crude rose to $68.54 on the back of a surprise drawdown in US inventories. The Indian rupee firmed slightly to 87.73 per dollar, helped by the RBI's decision, but may remain volatile due to external tariff risks. That's all for now on ET Market Watch. Stay tuned for more updates. I'm Neha V Mahajan, signing off.
Economic Times
7 days ago
- Business
- Economic Times
ET Market Watch: Why Indian markets crashed - Trump tariffs & Rs 27,000 crore FII selloff explained
Transcript Hi, you're listening to ET Markets Radio. I'm your host, Neha Vashishth Mahajan. Welcome to a fresh episode of ET Market Watch, where we bring you the latest from the world of stock markets every single day. Let's get to it. Indian equity markets ended the week deep in the red. The Sensex slipped 586 points, while the Nifty closed below 24,570. But what exactly triggered this market meltdown? Let's break down the six key reasons: Reason 1: Trump's Tariff Bombshell U.S. President Donald Trump imposed a sweeping 25% tariff on Indian exports. Even though India avoided further penalties, the announcement rattled investors and revived trade war fears. Reason 2: Relentless FII Selling Foreign Institutional Investors have been dumping Indian stocks for 9 straight sessions. The total outflow? A massive ₹27,000 crore. On Thursday alone, they sold ₹5,589 crore. FIIs have also built a record 90% short positions — the most bearish setup since March 2023. Reason 3: Weak Global Cues Asian markets fell across the board — with indices in Japan, China, Korea, and Taiwan all trading lower. The MSCI Asia ex-Japan index dropped 1.5%, while European markets and U.S. futures also showed weakness. Investors globally are turning risk-averse. Reason 4: Dollar Index Surge The U.S. dollar index climbed past 100, its highest in two months. This has intensified FII outflows and raised the cost of foreign borrowing for Indian corporates. Reason 5: Pharma Stocks Under Pressure The White House urged 17 major drugmakers, including Indian pharma giants, to cut U.S. prescription prices. Sun Pharma fell 4.5% after a downgrade, dragging down the entire Nifty Pharma index by 3.3%. Reason 6: Technical Breakdown From a technical standpoint, the Nifty broke below key support at 24,600. Analysts now see the next stop between 24,400 and 24,180. On the upside, 24,800 to 25,000 will act as a major hurdle. So what's the bottom line? A potent mix of trade tensions, relentless FII selling, and technical weakness is dragging the market lower. Experts advise caution and a hedged approach until clear reversal signals emerge. That's all from me today. This is Neha Vashishth Mahajan, and you've been listening to ET Markets Radio. Stay tuned and stay informed.
Time of India
7 days ago
- Business
- Time of India
ET Market Watch: Why Indian markets crashed - Trump tariffs & Rs 27,000 crore FII selloff explained
Transcript Hi, you're listening to ET Markets Radio. I'm your host, Neha Vashishth Mahajan. Welcome to a fresh episode of ET Market Watch, where we bring you the latest from the world of stock markets every single day. Let's get to it. Indian equity markets ended the week deep in the red. The Sensex slipped 586 points, while the Nifty closed below 24,570. But what exactly triggered this market meltdown? Let's break down the six key reasons: Reason 1: Trump's Tariff Bombshell U.S. President Donald Trump imposed a sweeping 25% tariff on Indian exports. Even though India avoided further penalties, the announcement rattled investors and revived trade war fears. Reason 2: Relentless FII Selling Foreign Institutional Investors have been dumping Indian stocks for 9 straight sessions. The total outflow? A massive ₹27,000 crore. On Thursday alone, they sold ₹5,589 crore. FIIs have also built a record 90% short positions — the most bearish setup since March 2023. Reason 3: Weak Global Cues Asian markets fell across the board — with indices in Japan, China, Korea, and Taiwan all trading lower. The MSCI Asia ex-Japan index dropped 1.5%, while European markets and U.S. futures also showed weakness. Investors globally are turning risk-averse. Reason 4: Dollar Index Surge The U.S. dollar index climbed past 100, its highest in two months. This has intensified FII outflows and raised the cost of foreign borrowing for Indian corporates. Reason 5: Pharma Stocks Under Pressure The White House urged 17 major drugmakers, including Indian pharma giants, to cut U.S. prescription prices. Sun Pharma fell 4.5% after a downgrade, dragging down the entire Nifty Pharma index by 3.3%. Reason 6: Technical Breakdown From a technical standpoint, the Nifty broke below key support at 24,600. Analysts now see the next stop between 24,400 and 24,180. On the upside, 24,800 to 25,000 will act as a major hurdle. So what's the bottom line? A potent mix of trade tensions, relentless FII selling, and technical weakness is dragging the market lower. Experts advise caution and a hedged approach until clear reversal signals emerge. That's all from me today. This is Neha Vashishth Mahajan, and you've been listening to ET Markets Radio. Stay tuned and stay informed.
Economic Times
19-05-2025
- Business
- Economic Times
ET Market Watch: Sensex falls over 270 pts, Nifty below 25,000; FMCG stocks trade lower
Transcript Hello and welcome to a brand-new episode of ET MARKET WATCH - your daily podcast for daily market updates. I am Neha Vashishth Mahajan, let's hear the top highlights of the day. Markets took a breather on Monday as benchmark indices ended in the red following Moody's downgrade of the U.S. government's credit rating — a move that triggered global caution. The Sensex slipped 271 points to close at 82,059, while the Nifty lost 74 points, ending below the key 25,000 mark at 24,945. The big drag? IT stocks, with heavyweights like Infosys, TCS, HCL Tech, and Tech Mahindra falling up to 3%. These companies earn a large chunk from the U.S., so any hit to U.S. creditworthiness spooks investors. Defence stocks also saw profit booking after last week's sharp rally — HAL, Cochin Shipyard, and Mazagon Dock dropped up to 4%. On the bright side, mid and small caps outperformed — Nifty Smallcap 100 rose 0.5%, Midcap 100 gained 0.1% — marking six straight sessions of gains. Among individual movers: Vodafone Idea plunged 8.7% after challenging the govt over $5 billion in dues. Divi's Labs jumped 4.8% on better-than-expected Q4 profits. Experts say this is a healthy pause, with banking likely to lead the next leg of the rally. Technicals suggest Nifty needs to hold above 25,000 to reclaim momentum. Global cues stayed weak — Asian markets dipped, U.S. futures slipped, and Treasury yields rose. Rupee closed at 85.40 vs the dollar, Oil eased, and Gold rebounded after last week's fall.
