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Economic Times
26-07-2025
- Business
- Economic Times
India's equity indices fall for fourth consecutive week amid weak earnings
Mumbai: India's equity indices fell nearly 1% on Friday, marking their fourth straight week of losses, as weaker earnings from index heavyweights and subdued sentiment across Asian markets weighed on investor confidence. ADVERTISEMENT The NSE Nifty fell 0.9%, or 225.1 points, to finish at 24,837.00. The BSE Sensex moved 0.8%, or 721.08 points, lower to close at 81,463.09. Both indices declined 0.5% and 0.4%, respectively, over the past five trading sessions. "The fall in the markets today was largely due to bearish earnings by heavyweights like Nestle and Bajaj Finance, which indicate a slowdown in the consumer economy," said Pranay Aggarwal, director and CEO, Stoxkart. "There is also investor nervousness around the India-US trade deal." Bajaj Finance fell almost 5%. Corrective Phase It emerged as the biggest loser on the benchmark Nifty on Friday. Shriram Finance and IndusInd Bank fell 3.6% and 2.6%, respectively. ADVERTISEMENT The Nifty PSU Bank Index dropped 1.7%, while the Bank Nifty shed 0.9%. The Nifty Metal and Nifty IT indices fell 1.6% and 1.4%, respectively. The Nifty Auto Index ended 1.3% Volatility Index, or VIX - the market's fear gauge - gained 5.2% to 11.3 on Friday, indicating traders expect higher risk in the near term. ADVERTISEMENT Elsewhere in Asia, Hong Kong fell 1.1% while Japan and China declined 0.9% and 0.3%, respectively. Taiwan ended marginally lower and South Korea rose 0.2%.At home, the broader market bore the greater brunt of the weaker sentiment with the Nifty Mid-cap 150 and Small-cap 250 indices declining 1.6% and 2%, respectively, on Friday. Out of the 4,154 shares traded on the BSE, 1,061 advanced, while 2,969 declined. Over the past week, the mid-cap index shed 1.6%, while the small-cap index fell 3%. ADVERTISEMENT Technical analysts said that stocks had run up significantly since April, and muted results by index heavyweights led to profit booking after the sharp rally. "Overall, the market has been in a corrective phase in July - initially a time-wise correction that kept the markets in a tight range - but today the index decisively breached the key support level of 24,950, indicating that a price-wise correction is likely in the short term," said Ruchit Jain, head of technical research at Motilal Oswal Financial Services. "The 24,650 level is the next key mark that offers a good buying opportunity." In the last three months, the benchmark Nifty has gained 3.3%, while the Nifty Mid-cap and Small-cap indices have surged 9.2% and 12%, respectively. ADVERTISEMENT Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,980 crore on Friday. Their domestic counterparts purchased shares worth Rs 2,138.6 crore. In July, overseas investors divested Rs 22,288 crore."The benchmark gained significantly between April and June, unlike in prior periods when July typically ended on a positive note," said Jain. "This prior outperformance and the ongoing correction suggest that July is likely to close lower, despite being a seasonally strong month."Jain added that investors could consider buying on dips from a medium-term perspective, as these are corrections within a broader said the tariff on India is unlikely to be higher than that on China or Vietnam, and once the deal is finalised, the markets could rebound. "Until further clarity emerges on the US-India trade deal, the markets are expected to remain sideways due to a lack of direction amid foreign selling," said Aggarwal. "The markets are expected to end lower in July, and this sideways movement could persist into next month."
Mint
01-07-2025
- Business
- Mint
Indian stock market: Can Nifty 50, Sensex climb to a new peak in July 2025?
Indian stock market: Indian benchmark stock indices edged up slightly on Tuesday, supported by positive cues from Asian markets and heightened investor focus on ongoing trade negotiations with the United States ahead of President Donald Trump's July 9 tariff deadline. Around 9:33 am, the BSE Sensex had gained 200 points, or 0.24%, to reach 83,807, while the Nifty50 was up by 66 points, or 0.26%, trading at 25,583. ' Sustained weakness in the dollar ( dollar index now at 96.81) means the possibility of heavy selling by FIIs is low. They might even continue to buy despite high valuations. Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal will be positive and if it does not happen the market is likely to be impacted. The main market concern continues to be the poor earnings growth. There are no clear indications yet of strong recovery in earnings growth. Auto stocks will respond to today's auto sales numbers,' said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Historically, July has been a seasonally positive month for equities, and the current setup suggests the potential for this momentum can sustain although volatility may persist. According to Ranju Rajan, Head of Managed Accounts, Axis Securities, the market is currently trading just 2–3% below its all-time high. If key triggers align positively, it offers potential extension of positive momentum/new high during the July–September 2025 quarter. Several brokerages have forecast that the Nifty could approach or even surpass its previous peak this month. Pranay Aggarwal, Director and CEO, Stoxkart, said that investors should remain cautious of external risks such as potential volatility from global interest rate movements, trade-related developments, and increased IPO activity that could temporarily absorb liquidity. ' Despite these headwinds, the broader market momentum, particularly in large-cap and small-cap segments, indicates a constructive outlook for the near term,' said Aggarwal. The tone of the quarterly earnings season is expected to be constructive, with strong domestic demand, margin stability, and select sector outperformance likely to support investor sentiment. Robust earnings delivery could act as a catalyst for further upside. The upcoming tariff extension deadline is a critical event. A status quo or favorable or neutral outcome (i.e., no negative surprises) may be viewed as an opportunity by the market, further reducing uncertainty and boosting risk appetite. As events unfold and quarterly results are supportive, specific sectors or stocks will showcase structural growth, which will continue to drive a bottom-up stock-picking approach. While short-term volatility may persist, this rotation is expected to keep the broader market buoyant. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
25-04-2025
- Business
- India Today
Sensex, Nifty close lower as rising India-Pakistan tension spooks investors
Benchmark stock market indices closed lower for the second consecutive day as geopolitical tension between India and Pakistan dampened investor markets opened higher but fell over 1% a few minutes into the day, but heavyweight stocks recovered, paring some losses later in the S&P BSE Sensex lost 588.80 points to end at 79,212.53, while the NSE Nifty50 was down 207.35 points to end at 24, Pranay Aggarwal, Director & CEO of Stoxkart, said that the downturn can be largely attributed to the ongoing geopolitical tensions between India and emerged as the top gainer on Sensex, surging 1.36%, followed by Infosys which added 0.60%. Tech Mahindra rose by 0.50%, while UltraTech Cement gained 0.46%, and IndusInd Bank rounded out the top five gainers with a 0.32% the losing front, Adani Ports suffered the steepest decline, tumbling 3.61%. Axis Bank wasn't far behind with a sharp drop of 3.48%, while Eternal plunged 3.41%. Bajaj Finserv fell 2.85%, and Power Grid slipped 2.56%."Investors should keep a close watch on the upcoming earnings results and management commentary for demand trends, capex plans, and overall business outlook which will eventually shape the market's trajectory going forward," said Palka Arora Chopra, Director, Master Capital Services market indices saw selling pressure with the Nifty Midcap100 dropping 2.55% and the Nifty Smallcap100 declining 2.45%, while market volatility spiked as the India VIX jumped 5.58%.Among sectoral indices, only Nifty IT managed to stay afloat with a gain of 0.72%, swimming against the tide of the broad market other sectors ended in the red, with Nifty Media taking the worst hit, plunging 3.24%.Nifty Realty tumbled 2.80%, followed by Nifty Pharma falling 2.24%, Nifty PSU Bank declining 2.24%, and Nifty Metal shedding 2.10%. Nifty Healthcare dropped 2.42%, while Nifty Consumer Durables fell 1.85%.Other significant losers included Nifty Auto down 1.67%, Nifty Oil & Gas slipping 1.43%, Nifty Financial Services retreating 1.39%, Nifty Private Bank decreasing 1.28%, and Nifty FMCG declining 0.62%."Although the present situation has caused temporary distress, particularly in the general market, it seems to be sentiment-based and tied to short-term geopolitical risks. A bounce back can be anticipated early next week, subject to how events shape up during the weekend," said Swapnil Aggarwal, Director, VSRK Capital.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
