Latest news with #Nifty50
Economic Times
2 hours 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
2 hours 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.
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Business Standard
3 hours ago
- Business
- Business Standard
Sensex, Nifty face worst fall in a month, marking 4th straight weekly loss
Domestic equities fell on Friday, with benchmark indices posting their biggest weekly loss in nine months. Earnings disappointment, sustained selling from foreign portfolio investors (FPIs), and uncertainty surrounding the trade deal with the US weighed on sentiment. The Sensex ended the session at 81,463, with a decline of 721 points, or 0.9 per cent. The Nifty 50 index ended the session at 24,837, down 225 points, or 0.9 per cent. This was the biggest single-day fall for both indices since June 19. For the week, the Sensex declined by 0.4 per cent, and the Nifty fell by 0.5 per cent, marking the fourth consecutive weekly loss for both indices. The last time both indices posted a four-week losing streak was in the week ended October 25, 2024. The total market capitalisation of BSE-listed firms declined by Rs 6.4 trillion, reaching Rs 452 trillion. Infosys, which declined by 2.4 per cent, and Bajaj Finance, which fell by 4.7 per cent, were the biggest contributors to the Sensex decline. Bajaj Finance, which posted its biggest single-day fall since April 30, was also the worst-performing Sensex stock, as concerns over its worsening asset quality and high credit costs overshadowed strong loan growth. Other Bajaj group stocks also posted sharp losses. The decline in Infosys was attributed to the broader sell-off in the IT sector, amidst disappointment over tepid revenue and profit growth, making current valuations unjustifiable. The sell-off did not spare the beneficiaries of the India-UK trade deal, with many stocks in the textile, aquaculture, and automotive sectors declining. "A favourable deal with the UK was expected and priced in, so the signing was not a surprise. Moreover, the India-UK deal is only part of the puzzle. One has to see how the India-US trade deal shapes up and what kind of concessions India's export competitors get from the US and EU," said Chokkalingam G, co-founder of Equinomics. FPIs continued to be net sellers of equities worth Rs 1,980 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,139 crore. So far this month, FPIs have pulled out over Rs 20,000 crore from domestic markets, while DIIs have pumped in nearly Rs 40,000 crore. The market breadth was weak, with 2,969 stocks declining and 1,061 advancing. The broader Nifty Midcap 100 fell by 1.6 per cent, and the Nifty Smallcap 100 dropped by 2.1 per cent. "There is a bit of profit booking after the recovery from the April lows. However, the delay in the trade deal with the US is causing the biggest jitters in the markets. Investors are concerned about whether IT services will be impacted by tariffs," said Chokkalingam. In the future, corporate results and the trade deal with the US are expected to determine the market trajectory. "Elevated valuations in large-cap stocks, coupled with significant net short positions held by FPIs, added to the downward pressure. Moderation in DII inflows after the strong buying of the last 2-3 months, due to a muted earnings season and persistent FPI selling, continues to impact the current market," said Vinod Nair, head of research at Geojit Investments.
Business Standard
5 hours ago
- Business
- Business Standard
Benchmarks tumble for second day; Nifty slips below 24,850 as bears tighten grip
The domestic equity benchmarks ended deep in the red on Friday, with the Nifty 50 breaching the key 24,850 level and posting losses for the second straight session. The selloff was broad-based, sparing only pharma and healthcare among NSE's sectoral indices. IT, metals, and auto stocks bore the brunt of the decline, dragging benchmarks lower. Muted corporate earnings, lacklustre global cues, and premium valuations in index heavyweights all weighed on sentiment. Adding to the pressure was persistent foreign institutional selling, which kept investors on edge. Caution also stemmed from lingering uncertainty around U.S.-India tariff talks ahead of the crucial August 1 deadline, the European Central Banks decision to pause rate cuts, and slowing inflows from domestic institutional investors after a period of strong accumulation. The S&P BSE Sensex tanked 721.08 points or 0.88% to 81,463.09. The Nifty 50 index declined 225.10 points or 0.90% to 24,837. In two consecutive trading sessions, the Sensex declined 1.52% while the Nifty fell 1.51%. Bajaj Finance (down 4.73%), Infosys (down 2.44%) and Reliance Industries (down 0.75%) were major drags today. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.46% and the S&P BSE Small-Cap index tanked 1.88%. The market breadth was weak. On the BSE, 1116 stocks advanced, 2893 declined, and 145 remained unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.15% to 11.28. Economy: India and the United Kingdom have taken a major step in building a stronger economic partnership with the signing of the Comprehensive Economic and Trade Agreement (CETA) yesterday under the visionary leadership of Prime Minister Narendra Modi. The agreement was signed by Commerce and Industry Minister, Piyush Goyal and Secretary of State for Business and Trade, Jonathan Reynolds in the presence of the two Prime Ministers. This marks a significant milestone in Indias engagement with major developed economies and reflects a shared commitment to strengthening economic integration. As the worlds fourth and sixth largest economies respectively, India and the UKs bilateral engagement holds global economic significance. The signing of the India-UK CETA follows the successful conclusion of negotiations announced on 6th May 2025. The bilateral trade between the two countries stand at nearly $56 billion, with a joint goal to double this figure by 2030. CETA secures unprecedented duty-free access for 99% of Indias exports to the UK, covering nearly the entire trade basket. This is expected to open new opportunities for labour-intensive industries such as textiles, marine products, leather, footwear, sports goods, toys, and gems and jewellery, alongside fast-growing sectors like engineering goods, auto components, and organic chemicals. Numbers to Track: The yield on India's 10-year benchmark federal paper rallied 0.52% to 6.362 from the previous close of 6.329. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.5475 compared with its close of 86.4000 during the previous trading session. MCX Gold futures for 5 August 2025 settlement declined 0.58% to Rs 98,154. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.33% to 97.44. The United States 10-year bond yield rose 0.25% to 4.419. In the commodities market, Brent crude for September 2025 settlement added 11 cents or 0.16% to $ 69.29 a barrel. Global Markets: Most European shares traded lower on Friday, as weakness in automobile stocks weighed on the market. Investors also remained cautious ahead of updates on EU-U.S. trade talks and the upcoming U.S. tariff deadline set by President Donald Trump. Most Asian indices ended lower as investors assessed recent trade developments. Japanese stocks retreated from record highs, with profit-taking ahead of a crucial week that includes the U.S. tariff deadline set by President Donald Trump and several major central bank meetings. Mixed inflation data, however, dampened the sentiment for Japanese investors. Tokyo consumer inflation data for July showed a slightly bigger-than-widely anticipated easing in prices. But core inflation still remained above the Bank of Japans 2% annual target, keeping uncertainty over the central banks rate hikes largely in play. Focus now is on China's Politburo meeting, a convening of top political leaders, for more cues on the Chinese economy. The meeting was supposed to be convened in late July. US stocks were mixed on Thursday, with the S&P 500 notching its fourth record close in a row as tech earnings from Alphabet pointed to AI as a key growth catalyst. The tech-heavy Nasdaq Composite rose 0.2% to also close at a fresh record, while the S&P 500 ended up just 0.1% higher. The Dow Jones Industrial Average dropped 0.6% amid a post-earnings slide in IBM (IBM) shares. Alphabet beat widely reported markets second-quarter earnings expectations and doubled down on its AI spending spree. The Google parent's shares rose alongside other AI-linked stocks such as Nvidia, helping buoy the tech-focused gauges. Tesla's stock sank after an earnings miss, a continued slump in European sales, and a warning from CEO Elon Musk that the EV maker faced "rough quarters" as President Trump's budget bill killed off tax credits. Optimism around trade deals remained strong after the US-Japan agreement helped push the S&P 500 and Nasdaq Composite to new record highs on Wednesday. Meanwhile, media reports indicated that the US and EU are nearing a deal to impose a 15% tariff on most European imports, significantly lower than the previously threatened 30%. Stocks in Spotlight: SBI Life Insurance Company rose 2.01% after the life insurer's profit after tax (PAT) rose 14.41% year-on-year to Rs 594.37 crore in Q1-FY26, driven by a healthy uptick in premium collections and a surge in embedded value. Gross Written Premium (GWP) for the quarter stood at Rs 17,810 crore, marking a 14% jump from Rs 15,570 crore in Q1-FY25. Within this, New Business Premium (NBP) rose 3% to Rs 7,270 crore, while Renewal Premium (RP) shot up 24% to Rs 10,550 crore. Cipla rallied 2.95% after the company reported 10.18% increase in consolidated net profit to Rs 1,297.62 crore on a 3.93% rise in total revenue from operations to Rs 6,957.47 crore in Q1 FY26 over Q1 FY25. Bajaj Consumer Care dropped 3.97% to Rs 234.75 after the company announced a share buyback of up to Rs 186.60 crore. The board approved the buyback of up to 64.34 lakh equity shares (4.69% equity) as of 31 March 2025. The buyback will be executed via the tender offer route at Rs 290 per share, aggregating to a maximum outlay of Rs 186.6 crore. This represents 23.70% of standalone and 24.88% of consolidated free reserves and paid-up share capital, well within the SEBI-permitted limit of 25%. Hexaware Technologies slumped 10.71% after the company's consolidated adjusted profit rose 7.7% to Rs 386.30 crore in Q2 June 2025 (Q2CY25) over Q1 March 2025 (Q1CY25). Consolidated revenue rose 1.6% QoQ to Rs 3260.70 crore in Q2CY25. In constant currency, revenue growth was 1.3% QoQ and 7.5% YoY. Extraordinary expenses surged to Rs 142 crore in Q2CY25 from Rs 8.7 crore in Q1CY25. Phoenix Mills jumped 4.95% after its consolidated revenue grew 5% YoY to Rs 953 crore, aided by a 4% rise in revenue from core businesses retail, offices, and hotels which stood at Rs 881 crore. The residential and other segments contributed Rs 72 crore, a healthy 21% jump from the year-ago period. Net profit after minority interest and associate share came in at Rs 241 crore, marking a 4% growth YoY. The company also managed to reduce its finance cost by 8% even as depreciation rose 21%. KFin Technologies declined 5.88% after the companys consolidated net profit dropped 9.16% to Rs 77.26 crore on a 3.06% rise in revenue to Rs 274.06 crore in Q1 FY26 over Q4 FY25. Avantel tumbled 7.65% after the companys consolidated net profit tanked 56.23% to Rs 3.23 crore in Q1 FY26, compared with 7.38 crore in Q1 FY25. However, revenue from operations marginally increased by 0.29% year on year to Rs 51.91 crore in Q1 FY26. JSW Energy tanked 2.75%. The companys said that its wholly owned subsidiary JSW Neo Energy has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) under the SECI FDRE Tranche IV scheme. ACC slipped 2.27% after the cement makers consolidated net profit fell 50.01% to Rs 375.38 crore in Q1 in FY26 as against Rs 751.03 crore posted in Q4 FY25. However, revenue from operations shed to Rs 6,036.11 crore in Q1 FY26 as against Rs 6,039.70 crore reported in Q4 FY25. On a year-on-year (YoY) basis, net profit rose 4.35%, while total income increased 18.05% in Q1 FY26. Tanla Platforms tumbled 4.04% after the companys consolidated net profit tanked 16.15% to Rs 118.41 crore in Q1 FY26, compared with 141.22 crore in Q1 FY25. However, revenue from operations rose 3.84% year on year to Rs 1,040.66 crore in Q1 FY26. IPO Update: GNG Electronics' IPO received bids for 2,08,26,69,120 shares as against 1,41,88,644 shares on offer, according to stock exchange data at 16:45 IST on Friday (25 July 2025). The issue was subscribed 146.78 times. Indiqube Spaces' IPO received bids for 21,12,50,970 shares as against 1,71,48,335 shares on offer, according to stock exchange data at 16:45 IST on Friday (25 July 2025). The issue was subscribed 12.32 times. Brigade Hotel Ventures' IPO received bids for 6,07,49,360 shares as against 5,11,93,987 shares on offer, according to stock exchange data at 16:45 IST on Friday (25 July 2025). The issue was subscribed 1.19 times. Shanti Gold International's IPO received bids for 1,44,01,725 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 16:45 IST on Friday (25 July 2025). The issue was subscribed 1.14 times.
Business Standard
5 hours ago
- Business
- Business Standard
Sensex settles 721 pts lower; Nifty ends below 24,850; VIX jumps 5.15%
The domestic equity benchmarks ended with major losses today, declining for the second day in a row. The Nifty settled below 24,850 mark. Barring the Nifty Pharma index, all sectoral indices on the NSE ended in the red. As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 721.08 points or 0.88% to 81,463.09. The Nifty 50 index declined 225.10 points or 0.90% to 24,837. In two consecutive trading sessions, the Sensex declined 1.52% while the Nifty fell 1.51%. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.46% and the S&P BSE Small-Cap index tanked 1.88%. The overall market breadth was weak, with a greater number of declining stocks than advancing ones. On the BSE, 1,133 stocks advanced, 2,879 declined, and 163 remained unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.15% to 11.28. Economy: India and the United Kingdom have taken a major step in building a stronger economic partnership with the signing of the Comprehensive Economic and Trade Agreement (CETA) yesterday under the visionary leadership of Prime Minister Narendra Modi. The agreement was signed by Commerce and Industry Minister, Piyush Goyal and Secretary of State for Business and Trade, Jonathan Reynolds in the presence of the two Prime Ministers. This marks a significant milestone in Indias engagement with major developed economies and reflects a shared commitment to strengthening economic integration. As the worlds fourth and sixth largest economies respectively, India and the UKs bilateral engagement holds global economic significance. The signing of the India-UK CETA follows the successful conclusion of negotiations announced on 6th May 2025. The bilateral trade between the two countries stand at nearly USD 56 billion, with a joint goal to double this figure by 2030. CETA secures unprecedented duty-free access for 99% of Indias exports to the UK, covering nearly the entire trade basket. This is expected to open new opportunities for labour-intensive industries such as textiles, marine products, leather, footwear, sports goods, toys, and gems and jewellery, alongside fast-growing sectors like engineering goods, auto components, and organic chemicals. IPO Update: The initial public offer (IPO) of Shanti Gold International received bids for 1,19,51,775 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 15:20 IST on Friday (25 July 2025). The issue was subscribed 0.94 times. The initial public offer (IPO) of Brigade Hotel Ventures received bids for 5,61,29,746 shares as against 5,11,93,987 shares on offer, according to stock exchange data at 15:20 IST on Friday (25 July 2025). The issue was subscribed 1.10 times. The initial public offer (IPO) of Indiqube Spaces received bids for 16,02,57,636 shares as against 1,71,48,335 shares on offer, according to stock exchange data at 15:20 IST on Friday (25 July 2025). The issue was subscribed 9.35 times. The initial public offer (IPO) of GNG Electronics received bids for 1,97,01,81,045 shares as against 1,41,88,644 shares on offer, according to stock exchange data at 15:20 IST on Friday (25 July 2025). The issue was subscribed 138.56 times. Buzzing Index: The Nifty Media index fell 2.61% to 1,669.60. The index declined 5.25% in the four trading sessions. Dish TV India (down 4.58%), Zee Entertainment Enterprises (down 4.53%), Network 18 Media & Investments (down 4%), Tips Music (down 2.76%) and Hathway Cable & Datacom (down 2.57%), Saregama India (down 2.08%), Sun TV Network (down 1.93%), Nazara Technologies (down 1.77%), PVR Inox (down 0.98%) and D B Corp (down 0.69%) declined. Stocks in Spotlight: SBI Life Insurance Company rose 2.07% after the life insurer reported strong performance for the quarter ended June 2025 (Q1-FY26). The company's profit after tax (PAT) rose 14.41% year-on-year to Rs 594.37 crore in Q1-FY26, driven by a healthy uptick in premium collections and a surge in embedded value. Gross Written Premium (GWP) for the quarter stood at Rs 17,810 crore, marking a 14% jump from Rs 15,570 crore in Q1-FY25. Bajaj Finservs consolidated net profit jumped 26.60% to Rs 5,329.17 crore on 12.61% increase in total income to Rs 35,451.34 crore in Q1 FY26 over Q1 FY25. KFin Technologies declined 5.73% after the companys consolidated net profit dropped 9.16% to Rs 77.26 crore on a 3.06% rise in revenue to Rs 274.06 crore in Q1 FY26 over Q4 FY25. Avantel tumbled 7.69% after the companys consolidated net profit tanked 56.23% to Rs 3.23 crore in Q1 FY26, compared with 7.38 crore in Q1 FY25. However, revenue from operations marginally increased by 0.29% year on year to Rs 51.91 crore in Q1 FY26. Trident shed 0.32%. The companys consolidated net profit surged 89.83% to Rs 139.96 crore on a 2.06% drop in revenue from operations to Rs 1,706.89 crore in Q1 FY26 over Q1 FY25. Bharat Electronics (BEL) shed 0.67%. The company has announced that it has secured additional orders worth Rs 563 crore since its last disclosure on 30 June 2025. JSW Energy tanked 3.67%. The companys said that its wholly owned subsidiary JSW Neo Energy has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) under the SECI FDRE Tranche IV scheme. ACC slipped 2.17% after the cement makers consolidated net profit fell 50.01% to Rs 375.38 crore in Q1 in FY26 as against Rs 751.03 crore posted in Q4 FY25. However, revenue from operations shed to Rs 6,036.11 crore in Q1 FY26 as against Rs 6,039.70 crore reported in Q4 FY25. On a year-on-year (YoY) basis, net profit rose 4.35%, while total income increased 18.05% in Q1 FY26. Tanla Platforms tumbled 3.95% after the companys consolidated net profit tanked 16.15% to Rs 118.41 crore in Q1 FY26, compared with 141.22 crore in Q1 FY25. However, revenue from operations rose 3.84% year on year to Rs 1,040.66 crore in Q1 FY26. Global Markets: Most European shares traded lower on Friday, as weakness in automobile stocks weighed on the market. Investors also remained cautious ahead of updates on EU-U.S. trade talks and the upcoming U.S. tariff deadline set by President Donald Trump. Asian markets ended lower as investors assessed recent trade developments. Japanese stocks retreated from record highs, with profit-taking ahead of a crucial week that includes the U.S. tariff deadline set by President Donald Trump and several major central bank meetings. Mixed inflation data, however, dampened the sentiment for Japanese investors. Tokyo consumer inflation data for July showed a slightly bigger-than-widely anticipated easing in prices. But core inflation still remained above the Bank of Japans 2% annual target, keeping uncertainty over the central banks rate hikes largely in play. Focus now is on Chinas Politburo meeting, a convening of top political leaders, for more cues on the Chinese economy. The meeting was supposed to be convened in late July. US stocks were mixed on Thursday, with the S&P 500 notching its fourth record close in a row as tech earnings from Alphabet pointed to AI as a key growth catalyst. The tech-heavy Nasdaq Composite rose 0.2% to also close at a fresh record, while the S&P 500 ended up just 0.1% higher. The Dow Jones Industrial Average dropped 0.6% amid a post-earnings slide in IBM (IBM) shares. Alphabet beat widely reported markets second-quarter earnings expectations and doubled down on its AI spending spree. The Google parent's shares rose alongside other AI-linked stocks such as Nvidia, helping buoy the tech-focused gauges. Tesla's stock sank after an earnings miss, a continued slump in European sales, and a warning from CEO Elon Musk that the EV maker faced "rough quarters" as President Trump's budget bill killed off tax credits. Optimism around trade deals remained strong after the US-Japan agreement helped push the S&P 500 and Nasdaq Composite to new record highs on Wednesday. Meanwhile, media reports indicated that the US and EU are nearing a deal to impose a 15% tariff on most European importssignificantly lower than the previously threatened 30%.
