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Mint
28-07-2025
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 28
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a muted opening on Monday, tracking mixed global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,832 level, a discount of nearly 18 points from the Nifty futures' previous close. On Friday, the Indian stock market ended with sharp losses, with the benchmark Nifty 50 closing below 24,900 level. The Sensex crashed 721.08 points, or 0.88%, to close at 81,463.09, while the Nifty 50 settled 225.10 points, or 0.90%, lower at 24,837.00. Here's what to expect from Nifty 50 and Bank Nifty today: Nifty 50 broke the key support level of 24,880 and formed a big bearish candle on the daily chart, signalling weakness. On the weekly scale, the Nifty 50 slipped 0.53%, highlighting a broader weakening trend. 'Nifty 50 closed below its 50-Day simple moving average (SMA) for the first time in several weeks. Meanwhile, the gap between the 9-day and 20-day EMAs has begun to widen, indicating a strengthening bearish outlook in the short term. The index also breached the 61.8% Fibonacci retracement level drawn from the previous swing low to high, which was placed near 24,920, signaling a potential breakdown of the recent recovery attempt,' said Om Mehra, Technical Research Analyst, SAMCO Securities. Additionally, the Relative Strength Index (RSI) on the daily chart stands at 40, while the MACD continues to widen its gap between the fast and slow lines. 'The earlier 'buy-on-dip' approach may now give way to a 'sell-on-rise' strategy unless the index manages to reclaim and sustain above the crucial 25,200 level, which would be necessary to revive the upward trajectory,' Mehra said. Dr. Praveen Dwarakanath, Vice President of noted that the Nifty 50 index has closed near the lower Bollinger Band, a support from which can push the index upside. 'The momentum indicators in today's fall have come into the oversold region, which can also push the markets upside from current levels. The index is also at a strong weekly Buy level between 24,600 - 24,800, a bounce from this level can present a strong selling opportunity near the 25,200 levels,' said Dwarakanath. According to VLA Ambala, Co-Founder of Stock Market Today, Nifty 50 crossed its 50-day EMA, which was a key technical support for short-term traders. 'Following this breach, I advise traders to adopt a sell-on-rise strategy. Investors focused on industrial sector ETFs might consider the 24,500 level as an initial entry point. Considering these factors, we can expect the Nifty 50 to gain support between 24,720 and 24,500 and meet resistance near 24,980 and 25,050,' Ambala said. Bank Nifty index declined 537.15 points, or 0.94%, to close at 56,528.90 on Friday. For the week, Bank Nifty registered a modest gain of 0.44%. 'From a technical standpoint, the weekly price action has resulted in the formation of a Gravestone Doji candlestick pattern, which typically signals indecision in the market and a potential reversal when it appears after an up-move. This pattern, coupled with the repeated failure to breach resistance, suggests caution in the near term, with the need for a strong breakout to resume upward momentum,' said Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities. Going ahead, according to Shah, the zone of 57,300 - 57,400 is likely to continue to act as a crucial hurdle for the Bank Nifty index, while on the downside, the zone of 56,200 - 56,100 will act as important support as it is the confluence of the 50-day EMA and prior swing low. 'Any sustainable move below the level of 56,100 will lead to further selling pressure in the Bank Nifty index upto the level of 55,500 in the short term,' Shah said. Puneet Singhania, Director at Master Trust Group highlighted that the Bank Nifty index closed below its 21-day EMA, indicating short-term weakness. 'However, the broader trend remains positive, with the 55-day EMA holding firm near the 56,000 level and the index still trading above its ascending trendline. This suggests the current dip presents a buying opportunity. Strong support is seen at 56,000; a breach below this may lead to a decline toward 55,300. On the upside, 57,100 is the immediate resistance,' Singhania said. A breakout above this level could trigger fresh buying momentum, potentially pushing the Bank Nifty index toward 57,600 and new all-time highs, he added. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates said that the Bank Nifty index breached its 50-DEMA support and formed a bearish candle on the daily chart, reflecting sustained selling at higher levels. 'Last week's low of Bank Nifty is placed near 56,200, which will now act as the next crucial support. Until the index decisively crosses 57,320, traders are advised to book profits on bounces and wait for a clear breakout for fresh upside momentum,' Yedve said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
22-07-2025
- Automotive
- India Today
Why Tesla's ride into India's EV market won't be a smooth one
Tesla has finally made its entry into the Indian market, opening its first showroom at Maker Maxity Mall in Mumbai's Bandra Kurla Complex (BKC) on July even as the global electric vehicle (EV) giant begins its journey in the world's third-largest auto market, experts warn that the road ahead will be anything but entry comes at a time when Tesla is facing its biggest drop in global sales to date. Its domestic sales in the US fell 6.3% in the second quarter of 2025, the third straight quarterly in China dropped nearly 12% in the same period. In Europe, Tesla has seen a steady five-month fall in deliveries, partly due to political backlash and rising competition from cheaper Chinese EVs. In fact, Tesla's market share in Europe slipped to 1.2% in May, down from 1.8% a year 50% of Tesla's revenue comes from the US, while over 20% is from China. The remaining 30% is spread across other global markets. With shrinking numbers in its top markets, India now holds fresh promise, but also serious IS TESLA OFFERING IN INDIA?Tesla has introduced the Model Y in India, priced at Rs 60 lakh for the rear-wheel drive variant and Rs 68 lakh for the long-range version. These models are being sold as completely built units (CBUs), which means they attract heavy import duties, adding to the comparison, the same Model Y starts at $44,990 (around Rs 38 lakh) in the US, 263,500 yuan (around Rs 30 lakh) in China, and 45,970 euros (around Rs 41 lakh) in pricing puts Tesla in competition with luxury EV models such as the Mercedes-Benz EQB, BMW iX1, Volvo EC40, and Kia EV6 in STRUGGLE AGAINST HOMEGROWN COMPETITIONJahol Prajapati, research analyst at SAMCO Securities, believes the Indian EV market is already fiercely competitive.'Tesla's arrival in India has electrified the market, both in terms of buzz and intent. The brand is global royalty. Its design is flawless. Its tech, unmatched. And yet, here's the truth most people won't tell you: this won't be an easy ride for Tesla in India,' he Tesla's name may carry global appeal, Prajapati pointed out that the company's offering lacks the price-to-performance advantage many Indian buyers seek. Source: SAMCO Securities 'The Tesla Model Y is priced close to Rs 60 lakh. In contrast, Mahindra, Tata, and BYD are fielding EVs in the Rs 19–30 lakh range, offering nearly equal, sometimes greater, value on range and performance. Mahindra's BE 6 delivers 557 km, BYD eMAX7 offers 530 km, and Tata Harrier EV and XEV 9e are not far behind. Tesla offers 500 km.'STRUCTURAL CHALLENGES MAY HURT GROWTHAnother major hurdle for Tesla is the lack of local manufacturing. Without setting up a factory in India, the company is unlikely to lower prices or become more competitive in the mass market segment. 'India is not a market that falls for logos. It's a market that worships value for money,' said also flagged the slow rollout of EV charging infrastructure, which could restrict Tesla's growth. While the ecosystem is improving, it is still not developed enough to fully support Tesla's premium offerings.'Homegrown brands like Tata Motors, Mahindra & Mahindra, and BYD India aren't just selling EVs, they're building ecosystems. These firms have already established service networks, trust, and a deep understanding of price-sensitive Indian customers,' he OUTLOOK STILL POSITIVE FOR INDIAN BRANDSPrajapati stressed that investors in Indian EV stocks need not panic.'Tesla is a powerful brand, but it doesn't mean it will take over the market overnight. The entry of a big global player like Tesla will only push more innovation and investment into the space. This is a moment of opportunity for Indian firms," he said that the Indian EV story would be led by affordability, ease of access, and strong after-sales service—areas where Tata and Mahindra have already built strong IN INDIA ISN'T EASYJSW Group chairman Sajjan Jindal also shared a similar view earlier this at an event in March, Jindal said Tesla and CEO Elon Musk would face tough competition from Indian carmakers. 'He can't be successful in India! We Indians are here. He cannot produce what Mahindra can do, what Tata can do,' he he acknowledged Musk's global achievements, Jindal said India is a complex market where global success does not guarantee local growth. 'To be successful in India is not an easy job,' he said.- EndsTune InMust Watch advertisement
Economic Times
14-07-2025
- Business
- Economic Times
Sell gold, buy silver? Why poor man's gold is quietly becoming the real treasure
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads After making tons of money playing the safe haven trade, gold bugs are now shifting to silver in a dramatic bet that the white metal's time has finally come. Silver ETFs have surged around 21% in the last three months, crushing gold ETFs' modest 5% return as speculators abandon the stretched yellow metal for what could be the next mega trend in precious metals - poor man's silver surge hit fever pitch on Monday when MCX silver September futures smashed to a lifetime high of Rs 114,875 per kg. In international markets, spot silver rocketed 3.9% to $38.46 per ounce last week, hitting its highest level since September 2011. The rally was fueled by intensifying safe-haven demand after US President Donald Trump announced sweeping new tariffs, including a 35% duty on Canadian imports and blanket levies of 15% to 20% on most other trade partners starting August 1."Now it's not a question of should you own silver or about how much do you own," said Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities, highlighting the urgency gripping silver white metal's explosive move comes as gold veterans sound the retreat. Gautam Shah of Goldilocks Premium Research, who rode gold from $1800 to $3500, abandoned his position last month. "Most of the positives were priced in and it has gone into a longish consolidation phase which is going to continue. But over the last few months we have been very-very bullish on silver," Shah confidence in silver's potential is staggering. "If you have to take a 12- to 15-month view, I think $43 I would say is a medium-term target and $50 on silver is probably a slightly more longer-term target," Shah shift reflects more than just profit-taking. Speculators are showing a stronger preference for silver over gold, likely due to the stretched gold-to-silver ratio and the prospect of silver prices catching up to gold's recent gains. Silver also benefits from supportive supply-demand dynamics, with the global market facing its fifth straight year of deficit. Motilal Oswal Financial Services , which had been bullish on gold since Rs 30,000 levels targeting Rs 50,000, called it quits earlier this month. "We've witnessed gains exceeding 30%, and historical data over the past 25 years shows that Comex gold has never achieved more than 32% returns in a single year," the brokerage noted, adding that "some signs of market fatigue are also emerging at these higher levels."The supply threat adds another explosive element to silver's story. "Silver is already in short fall. If US or other nations were to announce similar tariffs on silver or even worse ban exports like China has done in case of rare earth minerals then it could send silver prices to stratospheric levels," warned backdrop couldn't be more supportive of precious metals. The dollar index has dropped close to 10% over the last six months and about 10% since the beginning of this calendar year, according to Emkay Wealth Management. "This has already been priced in the gold prices in the international markets, but what we need to see is a further fall in the dollar caused by official rate cuts and a fall in market yields," the wealth manager highlighted two key factors driving precious metals: the direction of US interest rates and an anticipated decline in the US dollar. "Given the economic conditions and the relatively lower inflation numbers, the likelihood of the Fed going in for a rate cut or two before the end of this calendar year is very high," the firm the new budgeted spending to the tune of $4.60 trillion could complicate matters. "The situation could become murkier because the resultant borrowings may put upward pressure on the yields," Emkay now, silver appears to be the precious metal of choice for those seeking the next big move. As Shah puts it: "If you are booking profits in gold, this might be a good time to top up on silver. Looks like a large mega trend is coming for this commodity."The question for investors is no longer whether to own precious metals, but which one will deliver the bigger payoff in the months ahead.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
14-07-2025
- Business
- Time of India
Sell gold, buy silver? Why poor man's gold is quietly becoming the real treasure
After making tons of money playing the safe haven trade, gold bugs are now shifting to silver in a dramatic bet that the white metal's time has finally come. Silver ETFs have surged around 18% in the last three months, crushing gold ETFs' modest 4% return as speculators abandon the stretched yellow metal for what could be the next mega trend in precious metals - poor man's gold. The silver surge hit fever pitch on Friday when MCX silver futures smashed to a lifetime high of Rs 113,000 per kg. In international markets, spot silver rocketed 3.9% to $38.46 per ounce last week, hitting its highest level since September 2011. The rally was fueled by intensifying safe-haven demand after US President Donald Trump announced sweeping new tariffs, including a 35% duty on Canadian imports and blanket levies of 15% to 20% on most other trade partners starting August 1. "Now it's not a question of should you own silver or about how much do you own," said Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities, highlighting the urgency gripping silver bulls. The white metal's explosive move comes as gold veterans sound the retreat. Gautam Shah of Goldilocks Premium Research, who rode gold from $1800 to $3500, abandoned his position last month. "Most of the positives were priced in and it has gone into a longish consolidation phase which is going to continue. But over the last few months we have been very-very bullish on silver," Shah said. His confidence in silver's potential is staggering. "If you have to take a 12- to 15-month view, I think $43 I would say is a medium-term target and $50 on silver is probably a slightly more longer-term target," Shah predicted. Also Read | Silver hits record Rs 1.11 lakh/kg in India: What's fueling the rush to safe haven? The shift reflects more than just profit-taking. Speculators are showing a stronger preference for silver over gold, likely due to the stretched gold-to-silver ratio and the prospect of silver prices catching up to gold's recent gains. Silver also benefits from supportive supply-demand dynamics, with the global market facing its fifth straight year of deficit. Motilal Oswal Financial Services , which had been bullish on gold since Rs 30,000 levels targeting Rs 50,000, called it quits earlier this month. "We've witnessed gains exceeding 30%, and historical data over the past 25 years shows that Comex gold has never achieved more than 32% returns in a single year," the brokerage noted, adding that "some signs of market fatigue are also emerging at these higher levels." The supply threat adds another explosive element to silver's story. "Silver is already in short fall. If US or other nations were to announce similar tariffs on silver or even worse ban exports like China has done in case of rare earth minerals then it could send silver prices to stratospheric levels," warned Sheth. The backdrop couldn't be more supportive of precious metals. The dollar index has dropped close to 10% over the last six months and about 10% since the beginning of this calendar year, according to Emkay Wealth Management. "This has already been priced in the gold prices in the international markets, but what we need to see is a further fall in the dollar caused by official rate cuts and a fall in market yields," the wealth manager noted. Emkay highlighted two key factors driving precious metals: the direction of US interest rates and an anticipated decline in the US dollar. "Given the economic conditions and the relatively lower inflation numbers, the likelihood of the Fed going in for a rate cut or two before the end of this calendar year is very high," the firm said. However, the new budgeted spending to the tune of $4.60 trillion could complicate matters. "The situation could become murkier because the resultant borrowings may put upward pressure on the yields," Emkay warned. For now, silver appears to be the precious metal of choice for those seeking the next big move. As Shah puts it: "If you are booking profits in gold, this might be a good time to top up on silver. Looks like a large mega trend is coming for this commodity." The question for investors is no longer whether to own precious metals, but which one will deliver the bigger payoff in the months ahead. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hans India
11-07-2025
- Business
- Hans India
Silver prices touch all-time high as gold rises too
New Delhi: Silver priced reached an all-time high on Friday as gold picked up an upward trajectory too, breaking a losing streak. The precious metal prices witnessed a significant uptick amid fresh tariff jitters with Canada and Brazil by the US administration. Silver prices surged significantly, hitting a new all-time high. As compared to the previous day's price, silver gained Rs 2,356 to reach Rs 1,10,290 per kg -- up from Rs 1,07,934 per kg. The previous record high was Rs 1,09,550 per kg, registered on June 18 this year. Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities, said Silver is poised for a sharp rally and it didn't disappoint. 'Now Silver is also forming a cup and handle on the intraday charts. Silver is already in short fall. If US or other nations were to announce similar tariffs on silver or even worse ban exports like China has done in case of rare earth mineral then it could send silver prices to stratospheric levels,' Sheth noted. Now it is not a question of should you own silver or not. It is about how much do you own, she added. According to the India Bullion and Jewellers Association (IBJA) data, the 24-carat gold price rose by Rs 465 to Rs 97,511 per 10 grams, compared to Rs 97,046 per 10 grams on Thursday. The 22-carat gold price climbed to Rs 89,320 per 10 grams as compared to the previous day's price of Rs 88,894, while 18-carat gold rose to Rs 73,133 per 10 grams, up from Rs 72,785, the previous day's price. "Gold prices stayed strong as renewed trade tariff jitters supported bullion, with the U.S. imposing fresh tariffs on Canada and Brazil, markets have begun pricing in the adverse implications of renewed trade tensions," said Jateen Trivedi, VP Research Analyst at LKP Securities. "The resulting uncertainty has once again turned sentiment in favour of gold, especially after recent price corrections due to Middle East de-escalation," Trivedi added. The rally in precious metals - both gold and silver - is in line with international trends. Gold was trading 1.01 per cent higher at $3,358 per ounce, while silver was up 2.92 per cent at $38.40 per ounce. Meanwhile, at around 5:44 pm, the future contract expiring on August 5 was trading at Rs 97,582 per 10 gram, up Rs 891 against the previous closing of 96,691.
