Equity Alert
Near-term outlook about mkt bearish but sharp losses unlikely
This story was originally published at 08:48 IST on 11 August 2025
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Equity Alert: Near-term outlook about mkt bearish but sharp losses unlikely
MUMBAI--0836 IST--The domestic stock market is likely to continue to see some selling pressure in the near term, with investors adopting a 'sell-on-rise' strategy amid concerns over risks from US tariffs. However, analysts believe the stock market will recover all the losses made due to US tariffs in the next couple of months and will likely reclaim the record high in the near-to-medium term as the focus is expected to shift to the long-term growth prospects of India. The upcoming meeting between US President Donald Trump and Russian President Vladimir Putin Friday to discuss ending Russia's war with Ukraine will be closely watched. This gains prominence amid Trump increasingly putting pressure on countries, including India, over importing Russian crude oil.
"...any breakthrough in the Ukraine conflict could revive hopes for removing the penalty component. Domestically, expectations are building for policy measures to cushion the tariff impact and support Indian industry," Hariprasad K., founder of Livelong Wealth, said in a note Monday. Last week, Trump had announced an additional 25% tariff on India, on top of the 25% announced last month, for its Russian crude oil purchases, which accounts for 35% of India's consumption.
Benchmark equity indices closed lower for the sixth consecutive week, falling around 5% during this period. On Friday, the Nifty 50 and Sensex closed 1% lower each at 24363.30 points and 79857.79 points, respectively. The fall was broad based, with all sectoral indices and broader market indices closing lower. The GIFT Nifty August futures contract traded on the NSE International Exchange was 0.1% higher at 24432 points, which is 0.3% higher than the Nifty 50's closing level Friday. The near-term nervousness in the market was also indicated by India VIX, which closed higher for the second consecutive week. The volatility gauge closed almost 3% higher Friday at 12.0325.
Foreign investors turned net buyers Friday after 13 straight sessions of being net sellers. They net purchased shares worth more than INR 19 billion while domestic institutional investors remained net buyers for the 24th consecutive session, buying equities over INR 77 billion. Amid the near-term worries, the fall in crude oil prices has been a positive trigger for investors. Brent crude oil October futures contract was down 0.6% at $66.18 per barrel on Friday. (Anjana Therese Antony)
Equity Alert: Most Asian indices rise in early trade; Japanese market closed
MUMBAI--0804 IST--Most Asian indices rose in early trade Monday as upbeat corporate earnings underpinned high valuations in the technology sector, which provided comfort to investors, Reuters reported. Investors eye geopolitical events with the US' tariff deadline on China due to expire Tuesday, with expectations that it will get extended again. The Japanese market was closed on the occassion of Mountain Day holiday.
South Korea's Kospi was flat early in the session. Samsung SDI, POSCO Future M, and Ecopro BM were up 4-5% and were the biggest gainers in the Korean market. China's CSI 300 gained 0.2%, with Shanxi Xinghuacun, Wanhua Chemical Group, and Cambricon Technologies rising 1-2%.
Australia's S&P/ASX 200 was up 0.4%, while the FTSE Singapore Strait Times was flat.
Following are the levels of key Asian indices at 0800 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4111.558 |
0.16 |
|
Hang Seng Index |
24786.30 |
(-)0.29 |
|
KOSPI |
3211.33 |
0.04 |
|
FTSE Singapore Straits Times |
4238.48 |
(-)0.03 |
|
S&P/ASX 200 Index |
8837.90 |
0.35 |
(Akash Mandal)
Equity Alert: US mkt closes higher; Apple up over 4%, Nasdaq at record high
MUMBAI--0737 IST--US indices ended higher Friday, with the Nasdaq Composite notching a fresh record high. Apple surged over 4%, ending the week 13% higher, after US President Donald Trump had said the technology major would invest an additional $100 billion in the US, bringing its total commitment to $600 billion over the next four years. Weak economic data have buoyed investors as hopes of a rate cut in September have intensified. Expectations for a 25-basis-point rate cut in September was 89.4%, according to the CME's FedWatch Tool, up from 80.3% a week ago.
Investors will also keenly look at who succeeds US Federal Reserve Chair Jerome Powell, whose term ends May next year, with Trump publically disgruntled by Powell's unwillingness to cut rates. Trump late Thursday nominated Council of Economic Advisers Chair Stephen Miran for a short-term tenure at the board of the Fed Reserve following Adriana Kugler's abrupt exit last week, Reuters reported. Miran has often been labelled as a Trump sympathiser, with some factions also earmarking him to eventually replace Powell.
Pharmaceutical major Gilead Sciences rose 8?ter it raised its full-year financial outlook. While the Nasdaq closed at a record high, the S&P 500 ended just 32 points away from an all-time high. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite gained 2.4%, 1.3%, and 3.9% for the week.
Following are the closing levels of US indices Friday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44175.61 | 0.47 |
| NASDAQ Composite | 21450.022 | 0.98 |
| S&P 500 | 6389.45 | 0.78 |
(Akash Mandal)
US$1 = INR 87.66
End
Edited by Tanima Banerjee
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.
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