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Informist, Wednesday, Aug. 6, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Market opens flat on caution over RBI policy, US tariff threat

 

MUMBAI--0933 IST--Benchmark indices opened flat Wednesday due to caution ahead of the Reserve Bank of India's monetary policy outcome due at 1000 IST and US President Donald Trump's tariff threats. The central bank is widely expected to retain its policy stance but analysts are divided in their opinion whether the RBI would keep the interest rate unchanged or cut it by 25 basis points. In the previous monetary policy meeting, the RBI had reduced the repo rate by 50 bps to 5.50%. 

 

 

At 0932 IST, the Nifty 50 was at 24642.80 points, down 6.75 points, and the BSE Sensex was at 80748.27 points, up 38.02 points or 0.1%. All broader market indices were in negative territory, down 0.4-0.6%. The fear gauge of the market, the India VIX, was up 1.3% at 11.8675.

 

Among sectoral indices, Nifty Pharma was the worst hit and was down 1.1%. Cipla, Sun Pharmaceutical Industries, and Dr. Reddy's Laboratories were the biggest losers in the Nifty 50, down over 1?ch. Pharmaceutical stocks were a drag on the Nifty 50 after Trump threatened "small tariffs" on pharmaceuticals imported into the US, which will be raised to 150% in a year or year-and-a-half and then to 250%. Tuesday after market hours, Trump threatened to "substantially" increase tariffs on goods entering into the US. 

 

Shares of Adani Ports and Special Economic Zone were up 1.5?ter some brokerages said they were bullish about the company's growth. Adani Ports reported better-than-expected earnings for the June quarter Tuesday. CCL Products was down over 7% and was the worst hit in the Nifty 500. The company's Apr-Jun consolidated net profit fell short of the Street's estimates.  (Simran Rede)

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Equity Alert: Mkt likely to fall on US' new tariff threats; MPC outcome eyed

 

 

MUMBAI--0840 IST--New US tariff threats to India are likely to weigh on the domestic equity market which has been feeling the near-term heat of US President Donald Trump's attack, particularly on the grounds of India's crude oil purchases from Russia. Trump Tuesday said he will "substantially" hike tariffs on Indian goods in the next 24 hours. He also threatened to impose "small tariffs" on global pharmaceuticals imported to the US, which will be raised to 150% in a year or a year and a half, and then to 250%.

 

"Of course this (new tariffs) is going to hurt our market, but this doesn't mean that we (India) will become a laggard in terms of returns and growth," a senior research analyst at a domestic broking firm said. India is expected to continue to hold trade talks with the US and strike a deal, but that may not happen for at least the next couple of months as India is not going to accept whatever Trump wants, particularly free access to the country, the analyst said. Around 35% of India's crude oil supplies come from Russia, which is sharply higher than the 2.5?fore 2022. Of the total pharma imports of the US, India accounts for roughly 30%. 

 

On Tuesday, the Nifty 50 ended 0.3% lower at 24649.55 points and the BSE Sensex ended 0.4% down at 80710.25 points. The key support for the 50-stock index is at 24500 points and it can fall to 24200 level if it is breached, a technical and derivatives analyst at a domestic broking firm said. The resistance is seen at 24750-24900 points in the near term, the analyst said. At 0824 IST, the GIFT Nifty August contract traded on the NSE International Exchange was up 0.3% at 24701.50 points. 

 

All eyes are on the Reserve Bank of India's monetary policy outcome due at 1000 IST. While the central bank is expected to retain its stance, some market participants are expecting it to cut rates by 25 basis points. Some analysts believe that a rate cut could cheer the domestic market, but any cautious comments about inflation or economic growth will likely pull down the market. (Anjana Therese Antony)

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Equity Alert: Nuvama ups Adani Ports price aim 5?spite near-term caution

 

 

MUMBAI--0813 IST--Brokerages were cautious on the near-term growth expectation of Adani Ports and Special Economic Zone but reiterated their bullish stance on its long-term prospects. Nuvama Institutional Equities raised its target price on the stock by 5% to INR 1,900 and reiterated a 'buy' rating. On Tuesday, the stock had ended 2.2% lower at INR 1,358.10.

 

"Adani Ports posted decent revenue/adjusted EBITDA/adjusted PAT growth of 21%/13%/28% in Q1FY26 (8%/10%/6?ove Street estimates)...we are trimming FY26/27 EPS by 3% to reflect 2% lower volume and higher interest cost," the brokerage said in its report, noting that coal and container volumes at Gujarat's Mundra Port were weak in the June quarter.

 

Prabhudas Lilladher also maintained a 'buy' rating on the stock with a target price of INR 1,777. "Domestic cargo volume growth was a tad weaker at 6% due to geopolitical issues during the quarter and lower iron ore volumes at Dhamra...with well spread-out network of 15 ports across India's coastlines and 4 international ports, ADSEZ is expected to benefit from India's increasing global trade," the brokerage said in its report.

 

Improving contributions from its marine and logistics operations give the company long-term growth visiblity, the brokerage said. "With strong EBITDA margins, consistent free cash flows, manageable leverage (Net Debt/EBITDA at 1.8x), and digitization, APSEZ is well positioned to benefit from India's GDP growth," it said. 

 

In the June quarter, the ports operator reported a consolidated net profit of INR 33.15 billion in the June quarter, up 6% on year and higher than analysts' estimate of INR 29.66 billion. Its top line for the quarter grew 31% on year to INR 91.26 billion.  (Akash Mandal)

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Equity Alert: Most Asian indices up; Australia's S&P/ASX 200 hits record high

 

 

MUMBAI--0745 IST--Most Asian indices were up in early trade Wednesday. Australia's S&P/ASX 200 was up 0.5%, rising to an all-time high. Investors assessed fresh tariff threat by US President Donald Trump on semiconductors and chips. "We're going to be announcing [tariffs] on semiconductors and chips, which is a separate category, because we want them made in the United States," Trump was quoted as saying by CNBC. He said the tariffs will be announced within the next week. 

 

Japan's Nikkei 225 and Topix were up 0.4% and 1.1%, respectively. Toyota Motor and property developer Mitsui Fudosan were up 2% and 5%, respectively. While Japanese equities are currently on a broader uptrend with investors consistently buying at lower levels, stable trade policies and agreements are needed to push the indices to fresh highs, a news report by Barron's said. "Japan exports just over $700 billion of goods yearly to many countries, according to FactSet, representing about 17% of total 2024 gross domestic product of almost $4.2 trillion...slower global demand would directly hurt Japan, which relies on exports to many nations to grow its economy," the report said.

 

The Australian market notched a fresh high with index heavyweights such as Commonwealth Bank and Westpac Banking Corp. up nearly 1?ch. South Korea's Kospi was down 0.3%. SK Square, HD Hyundai Electric, and Hanwha Systems were down 2-3%.

 

Following are the levels of key Asian indices at 0745 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4103.1497	(-)0.01
Hang Seng Index	24913.64	0.04
Nikkei 225 Day	40724.69	0.43
TOPIX FIRST SECTION	2968.92	1.10
KOSPI	3189.20	(-)0.28
FTSE Singapore Straits Times	4205.40	(-)0.08
S&P/ASX 200 Index	8813.10	0.49

 

(Akash Mandal)

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Equity Alert: US indices end lower as weak economic data weighs on sentiment

 

MUMBAI--0723 IST--US indices ended lower Tuesday as weaker-than-expected economic data weighed on sentiment. Investors were cautious as they assessed US tariff-related news and policies. All three major indices ended the session lower, with the Nasdaq Composite seeing the biggest fall.

 

The country's non-manufacturing purchasing managers' index unexpectedly fell to 50.1 in July from 50.8 in June. Economists polled by Reuters had forecast the services PMI would rise to 51.5. A PMI reading above 50 indicates growth in the services sector. Input costs surged the most in nearly three years while orders were broadly unchanged, indicating that the US services sector may be facing jitters from the massive reciprocal tariffs.

 

Investors digested comments about tariffs from several companies, including Caterpillar, which warned of an up to $1.5 billion hit in 2025, Reuters reported. Palantir rose 8% as the defence technology company said its revenue in the reporting quarter surpassed $1 billion for the first time. On other hand, Eaton dipped 7% due to disappointing guidance, CNBC reported. 

 

"Today we're seeing the market pull back a little bit, (but) equities have been on a nice run...we're probably due for a period of consolidation, some backing and filling, so to speak," CNBC reported Terry Sandven, chief equity strategist at US Bank Asset Management, as saying.

 

Following are the closing levels of US indices Tuesday:

 

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)

 

US$1 = INR 87.71

 

End

 

Edited by Akul Nishant Akhoury

 

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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