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Informist, Monday, Aug. 4, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices gain boosted by rise in heavyweights RIL, HDFC Bank 

 

MUMBAI--0952 IST--Benchmark indices opened higher Monday, taking a breather from the fall in the two previous sessions due to tariff imposition by the US and outperformed most of their global peers. Most heavyweights pushed the Nifty 50 higher, with Reliance Industries and HDFC Bank rising over 0.5%. However, along with the rise in the indices, the volatility in the market rose, with the fear gauge India VIX rising over 2% at 12.2525. 

 

Market participants focus on the outcome of the Reserve Bank of India's monetary policy committee meeting on Wednesday. It is a three-day-long meeting, starting Monday. The rate-setting committee is expected to keep the repo rate unchanged at 5.50% after the 50-basis-point cut in its meeting in June. 

 

At 0951 IST, the Nifty 50 traded at 24623.95 points, up 58.60 points, or 0.2% and the BSE Sensex traded at 80714.35 points, up 114.44 points, or 0.1%. Barring Nifty IT, all other sectoral indices were in positive territory. The Nifty Auto and Nifty India Defence were the top gainers among the pack, over 1% higher. All broader market indices were up 0.3-0.6%, with most of them outperforming their benchmark peers.

 

Shares of ITC rose nearly 1?ter some brokerages retained their 'buy' rating on the stock post its June quarter earnings. The company declared its earnings after market hours Friday with its net profit flat on year at INR 49 billion, which fell marginally short of the Street's projection of INR 49.8 billion.

 

Reliance Power fell for the fourth session and hit 5% lower circuit at the opening trade Monday at INR 47.58. In a significant development ahead of questioning Anil Ambani of Reliance Group, the Enforcement Directorate late on Friday arrested Partha Biswal, the managing director of Biswal Tradelink Pvt. Ltd., The Times of India reported Sunday. This company was searched by the agency in connection with an INR 680 million fake bank guarantee provided by the Ambani group to Solar Energy Corp. of India Ltd. to secure a tender.  (Simran Rede)

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Equity Alert: Near-term outlook bearish; market awaits MPC meet outcome Wed

 

MUMBAI--0824 IST--The US tariffs on India are likely to continue to weigh on investors' sentiment in the near term, analysts said. However, they echoed optimism about the medium-to-long term outlook for the domestic market on hope of earnings growth in the second half or by the end of the current financial year, higher government capital expenditure, and improved demand environment.

 

This week the Reserve Bank of India's policy outcome Wednesday will be a key event, where the Monetary Policy Committee is likely to leave the repo rate unchanged at 5.50?ter its surprising 50-basis-point cut in its meeting in June. "Tariffs have definitely set the tone negative for us. But we will be one of the least hit (countries) considering our growth prospects. Also, we (India) will discuss with them (the US) more to come to a deal (bilateral) possible in a few months," an analyst at a domestic broking firm said. 

 

The domestic equity market continued its southward journey for the second consecutive session Friday after the US announced 25% tariff and a penalty on India. Foreign investors remained net sellers for the 10th straight session Friday, offloading shares worth INR 33.60 billion. They have also been increasing their short positions in index futures over a couple of months due to uncertainties created by US tariffs and no major improvement in corporate earnings growth. 

 

The Nifty 50 closed 0.8% lower at 24565.35 points Friday and the BSE Sensex ended 0.7% lower at 80599.91 points after hitting their two-month lows during the day. The near-term support for the 50-stock index is pegged at 24000-24200 levels and resistance is 24800 points, a senior technical and derivatives analyst at a domestic broking firm said. The August GIFT Nifty contract traded on the NSE International Exchange was slightly up at 24683 at 0757 IST, 0.5% or nearly 118 points higher than the Nifty 50's spot level.

 

Meanwhile, the Organization of the Petroleum Exporting Countries and its allies Sunday agreed to raise oil production by 547,000 barrels per day for September amid mounting worries over likely supply disruptions from Russia. India is a net importer of crude oil and around 35% of its demand is met from Russia. Following OPEC's announcement, Brent crude oil futures traded on the Intercontinental Exchange fell for the second straight session Monday, down 0.3% at $69.43 per barrel at 0757 IST. US President Donald Trump hinted that India was no longer going to buy oil from Russia, according to a social media post by news agency ANI.  

(Anjana Therese Antony)

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Equity Alert: Many Asian indices sharply lower as US econ concerns weigh

 

MUMBAI--0806 IST--Many Asian indices were sharply lower in early trade Monday as fears regarding the US economy weighed on the sentiment. Japan's Nikkei 225 and Topix were down 1.9% and 1.5%, respectively, and were the worst hit in the region.

 

Losses in Japanese market were led by financial services stocks. Mizuho Financial Group and Mitsubishi UFJ Financial Group were down nearly 5% as Japanese government bond yields dropped sharply. The 10-year yield was down 8.5 basis points at 1.465%, Dow Jones Newswires reported. 

 

In the US, nonfarm payrolls increased by 73,000 jobs in July, after rising by a downwardly revised 14,000 in June. Economists polled by Reuters had forecast payrolls would increase by 110,000 jobs in July. With the June data being revised, the three-month average slowed to just 35,000 from 231,000 at the start of the year. 

 

"The report brings payroll growth closer in line with big data indicators of job gains and the broader growth dataset, both of which have slowed significantly in recent months...taken together, the economic data confirm our view that the US economy is growing at a below-potential pace," Reuters reported analysts at Goldman Sachs as saying.

 

Taiwan's IDX Composite and Australia's S&P/ASX 200 were also lower. China's CSI 300 was flat. South Korea's Kospi, Hong Kong's Hang Seng, and the FTSE Singapore Strait Times all traded in the green. 

 

Following are the levels of key Asian indices at 0800 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4055.5706	0.02
Hang Seng Index	24594.78	0.35
Nikkei 225 Day	40034.42	(-)1.88
TOPIX FIRST SECTION	2905.32	(-)1.47
KOSPI	3136.50	0.55
FTSE Singapore Straits Times	4181.57	0.67
S&P/ASX 200 Index	8637.10	(-)0.29

 

(Akash Mandal)

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Equity Alert: US indices end sharply lower; US tariffs, economic data weigh

 

MUMBAI--0747 IST--US indices ended sharply lower Friday as fresh US tariff-related news and a weaker-than-expected emplyment data dented sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite ended 1-2% lower. 

 

Shares of heavyweight Amazon plunged over 8?ter its quarterly result failed to meet lofty expectations for its Amazon Web Services cloud computing unit, Reuters reported. Apple fell nearly 3?spite beating the Street's expectations on earnings as chief executive officer Tim Cook warned US tariffs would add $1.1 billion in costs over time.

 

The US announced a host of trade deals before the Aug. 1 deadline including those with Canada, Brazil, India, and Taiwan. US employment data also came in below expectations as non-farm payrolls increased by 73,000 jobs in July, after rising by a downwardly revised 14,000 in June. Economists polled by Reuters had forecast payrolls would increase by 110,000 jobs after rising by a previously reported 147,000 in June, Reuters reported.

 

"The president's unorthodox economic agenda and policies may be starting to make a dent in the labor market," Reuters reported Christopher Rupkey, chief economist at FWDBONDS, as saying. "The labor market is not rolling over, but it is badly wounded and may yet bring about a reversal in the U.S. economy's fortunes."

 

Following are the closing levels of US indices Friday:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	43588.58	(-)1.23
NASDAQ Composite	20650.132	(-)2.24
S&P 500	6238.01	(-)1.60

 

(Akash Mandal)

 

End

 

US$1 = INR 87.40

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Deepshikha Bhardwaj

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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