Latest news with #V.K.Vijayakumar
The Hindu
31-07-2025
- Business
- The Hindu
Sensex, Nifty tank in early trade as U.S. announces 25% tariff plus penalty on India from Aug. 1
Benchmark equity indices Sensex and Nifty tumbled in early trade on Thursday (July 31, 2025) after U.S. President Donald Trump announced the imposition of a 25% tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment. The 30-share BSE Sensex tanked 786.36 points to 80,695.50 in opening trade. The 50-share NSE Nifty tumbled 212.8 points to 24,642.25. The announcement is being seen as a pressure tactic to get New Delhi to agree to demands made by the U.S., which has, in recent days, got favourable trade deals with major partners like Japan, the UK and the European Union. The penalty was announced as India has made large purchases of oil and military equipment from Russia. India is the first country to face a penalty for Russian imports. "The 25% tariff on India, plus an unspecified penalty for energy and defence-related purchases from Russia, is very bad news for Indian exports and thereby on the growth prospects of the Indian economy in the short run. Since trade negotiations with India are continuing, perhaps the 25% tariff may come down eventually. "But certainly, there is a short-term hit to Indian exports and GDP growth. This short-term hit will reflect in the stock market, too, in the short-term," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. From the Sensex firms, Reliance Industries, Tata Motors, Mahindra & Mahindra, Bharti Airtel, Titan and State Bank of India were among the biggest laggards. However, Eternal, Hindustan Unilever, ITC and Power Grid were trading higher. Foreign Institutional Investors (FIIs) offloaded equities worth ₹850.04 crore on Wednesday (July 30, 2025), according to exchange data. In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng traded lower while Japan's Nikkei 225 index quoted in positive territory. The US markets ended mostly lower on Wednesday. Global oil benchmark Brent crude dipped 0.19% to $73.10 a barrel. On Wednesday (July 30, 2025), the Sensex climbed 143.91 points or 0.18% to settle at 81,481.86. The Nifty went up by 33.95 points or 0.14% to 24,855.05.
Time of India
25-07-2025
- Business
- Time of India
Trident, other textile stocks rally up to 6% on India-UK FTA
Indian textile stocks surged up to 6% on Friday morning after the India-UK Free Trade Agreement (FTA) eliminated tariffs that had previously placed domestic exporters at a disadvantage compared to regional competitors. Trident led the rally with a 6% jump, while SP Apparels, Redtape, and TCNS Clothing each gained around 2% as investors priced in the potential for exports to Britain to double over the next five to six years. The agreement removes 10–12% duties that Indian textile and apparel exports previously faced in the UK market, instantly leveling the playing field with countries like Bangladesh, Pakistan, and Cambodia, which already enjoy duty-free access. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Data Science CXO Degree Design Thinking Digital Marketing Management others Healthcare MCA Project Management PGDM Cybersecurity Product Management Artificial Intelligence Data Science Others healthcare Data Analytics Finance MBA Technology Leadership Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Filipinos don't know about this! Read More Undo While the UK's total textile imports stand at $26.95 billion, less than India's global textile exports of $36.71 billion, India currently exports only $1.79 billion worth to the UK, highlighting significant headroom for expansion in what is now India's third-largest textile export market. 'Among those most poised to benefit is India's textile and garment industry, which is projected to double exports to the UK over the next five to six years, driven by an anticipated 11% CAGR,' analysts said. The textile sector accounts for 1,143 tariff lines under the zero-duty arrangement, representing 11.7% of the agreement's scope. India is expected to capture at least 5% additional market share in the UK within one to two years. Live Events 'The India-UK FTA , which is India's first comprehensive trade agreement with a major developed country, has two implications from a market perspective,' said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services . 'One, it will significantly boost trade between the two countries, which the market will view positively. Two, along with other FTAs signed by India, it positions the country as a pro-trade economy.' Vijayakumar added that sectors like textiles are now firmly on the market radar as key beneficiaries of the deal. The agreement marks India's first major step outside its traditional trade negotiation comfort zone. 'This is a transformative economic partnership that will open up nearly 100% of trade between the two dynamic economies,' said Agneshwar Sen, Trade Policy Leader at EY India. 'It will eliminate tariffs on key Indian exports—from textiles and auto parts to seafood and jewellery—boosting MSMEs, job creation, and growth in labour-intensive sectors.' The broader economic impact is expected to be substantial, with bilateral trade projected to double to $120 billion by 2030, up from the current $60 billion, according to Prashant Tandon, Executive Director at Waterfield Advisors. The deal is estimated to boost trade by $34 billion annually. 'In the current global landscape marked by tariff-related uncertainty, the India-UK FTA is a timely and strategic move that can significantly boost sectors where India is aggressively targeting export growth,' said Bipin Sapra, Partner at EY India. For Indian textile manufacturers, the agreement comes at an opportune time—offering a clear competitive advantage in a major developed market amid ongoing global trade tensions.
The Hindu
23-07-2025
- Business
- The Hindu
Markets trade higher in early deals tracking rally in Asian peers
Benchmark indices Sensex and Nifty rallied in early trade on Wednesday tracking a positive trend in Asian markets. Japan securing a trade deal with the U.S. propelled a rally in Asian markets, which in turn added to optimistic trend in domestic equities, an expert said. The 30-share BSE Sensex climbed 288.64 points to 82,475.45 in initial trade. The 50-share NSE Nifty went up by 88.95 points to 25,149.85. From the Sensex firms, Tata Motors, Maruti, Eternal, Mahindra & Mahindra, Adani Ports and Bharti Airtel were among the biggest gainers. However, Titan, State Bank of India, HDFC Bank and Hindustan Unilever were among the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng traded in positive territory. "Asian cues are positive due to Japan securing a trade deal with the U.S.," Akshay Chinchalkar, Head of Research, Axis Securities, said. The US markets ended mostly higher on Tuesday. "The 11th new record high for 2025 set by S&P 500 yesterday is an indication of the direction and resilience of equity markets globally. Markets are climbing all walls of worries and valuation concerns have been put on the back burner. In the near-term this resilience is likely to continue," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. A significant takeaway from the early Q1 results is the improving prospects of banking and digital stocks. Q1 results of Eternal and Paytm indicate steady growth potential of the digital stocks which have a long runway of growth, he added. US President Donald Trump has announced a trade deal with Japan, with a 15 per cent tax on goods imported from that nation. Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,548.92 crore on Tuesday, according to exchange data. Domestic Institutional Investors (DIIs) bought stocks worth ₹5,239.77 crore in the previous trade. Global oil benchmark Brent crude climbed 0.23% to $68.75 a barrel. On Tuesday, the Sensex ended 13.53 points or 0.02% down at 82,186.81. The Nifty dipped 29.80 points or 0.12% to settle at 25,060.90.
The Hindu
14-07-2025
- Business
- The Hindu
Markets decline in early trade dragged by IT stocks, foreign fund outflows
Benchmark indices Sensex and Nifty dropped in early trade on Monday (July 14, 2025) amid selling pressure in IT stocks and foreign fund outflows. The 30-share BSE Sensex declined 232.93 points to 82,267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25,078.45. From the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech and Asian Paints were among the biggest laggards. However, Trent, Axis Bank, Mahindra & Mahindra and NTPC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,104.22 crore on Friday (July 11, 2025), according to exchange data. "Nifty has been exhibiting weak trend weighed mainly by the weakness in the IT stocks. This weakness may persist particularly since the FIIs were big sellers in the cash market last Friday. Market is expecting a U.S.-India trade deal soon with a tariff rate of around 20 per cent for India. If this happens the market will get a sentimental boost. Any disappointment on this front can drag the market further down," V.K. Vijayakumar, chief investment strategist, Geojit Investments Limited, said. In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory while Japan's Nikkei 225 index quoted lower. The U.S. markets ended lower on Friday. Global oil benchmark Brent crude climbed 0.17% to $70.48 a barrel. On Friday, the Sensex tanked 689.81 points or 0.83% to settle at 82,500.47. Similarly, the Nifty dropped 205.40 points or 0.81% to 25,149.85.
Time of India
06-07-2025
- Business
- Time of India
FII flows turn negative in July amid caution over trade talks, earnings outlook
Foreign institutional investors (FIIs), who had been net buyers in May and June, have turned sellers in the first week of July, reflecting a cautious sentiment amid global uncertainty and stretched valuations in the Indian market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets pause after strong run Foreign institutional investors (FIIs), who had been net buyers in May and June, have turned sellers in the first week of July, reflecting a cautious sentiment amid global uncertainty and stretched valuations in the Indian to Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services , the strong FII buying trend that picked up in May has weakened. "FIIs were buyers to the tune of Rs 18,082 crore and Rs 8,466 crore in May and June, respectively. But early July FII activity indicates selling. In the first four days of July, FIIs were sellers every day, with a cumulative sell figure of Rs 5,772 crore," he the latter half of June, FIIs had shown buying interest in financials, autos, auto components, and oil & gas, while booking profits in capital goods and power. "There is a trend of profit booking in segments that have done well recently," Vijayakumar added that the return of FII inflows would depend on two key factors: progress in India–U.S. trade talks and earnings growth in the upcoming Q1FY26 results. 'If a trade deal happens between India and the U.S., that will be positive for markets and FII flows. Similarly, any signs of an earnings recovery in Q1 could provide further support,' he said. However, any setback on either front may weigh on sentiment and dampen FII Read: TCS, HCLTech among 10 stocks that have paid dividends over 40 times since 2011 After rallying over 15% between March and June, Indian equities have taken a breather in July. In the first four trading sessions of the month, the Sensex and Nifty declined marginally by around 0.2%, as stretched valuations and global cues prompted investors to adopt a wait-and-watch focus remains on the outcome of trade discussions, with U.S. President Donald Trump's July 9 deadline for reciprocal tariffs approaching fast. Investors are also awaiting cues from the earnings season, which begins next Friday, benchmark indices edged higher, aided by a rebound in IT and financial stocks. The Nifty 50 rose 0.22% to close at 25,461, while the BSE Sensex added 0.23% to end at 83,432.89. Despite the day's gains, both indices posted weekly sectors, seven of the 13 major indices ended lower for the week. Financials fell 1.75%, pulling back from record highs. However, small-cap and mid-cap indices posted weekly gains of 0.3% and 0.5%, respectively, supported by steady domestic inflows, a stable monsoon outlook, and expectations of stronger Q1 earnings on a low said valuation concerns and broad-based profit-taking kept investors on the sidelines through much of the week. With global developments and corporate earnings set to unfold in the coming days, the near-term trajectory for FII flows and market direction will likely hinge on incoming Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
