Trends Financial News

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, closed 378 points higher at 23,739.25 on Tuesday after the US decided to pause the tariffs planned for Mexico and Canada, providing short-term relief from growing trade tensions. Taking cues from global markets, the index started the session with a gap-up opening at 23,509.90 and continued its bullish momentum throughout the day to close near the day’s high.

Subscribe to enjoy similar stories. The stock has been undergoing a lot of volatility and recent profit-booking has dragged its prices into the Kumo support region and is now spurring a rebound. The robust long body candles indicate some positive traction ahead.

The call out referenced the launch of Chinese AI firm DeepSeek, which sent equity markets into a tailspin last week. The company came as a surprise competitor to entrenched market leaders such as Nvidia, which experienced the worst one-day fall in Wall Street history after its share price tanked 17% on the day. DeepSeek sends US tech stocks spiralling but investors remain optimistic about AI DeepSeek's arrival followed of years of AI hype in markets, as major technology names and investment mandates have wedded themselves to the popular investment trend. Last week's selloff also...

Subscribe to enjoy similar stories. The upcoming monetary policy is crucial for several reasons, given the environment and uncertain outlook making the selection of policy tools critical. A repo rate cut, if it were to happen, will need to take cognisance of the impact on the rupee, given the narrowing rate differential between the US and India.

earnings season is underway and about 129 companies will announce their results on Tuesday. Key results to watch out include from Titan, Asian Paints and Tata Power. Apart from the above, companies like Dhanlaxmi Bank, Eris Lifesciences, JK Tyre, JSW Holdings, Metropolis Healthcare, Max Financial, One Mobikwik, Torrent Power, V Mart and a few others will also declare their quarter results.

Subscribe to enjoy similar stories. On 3 February, Trump triggered a worldwide panic, and the knee-jerk reaction caught traders as well as investors by surprise before they got positive about the Budget cues. We had mentioned recently that historically, the last three budgets have resulted in a negative closing, and this came true on Monday as a weak opening set the tone for the big event ahead of the RBI policy at the end of the week.

Subscribe to enjoy similar stories. In a bold move that defied the broader market downturn, foreign portfolio investors (FPIs) strategically increased their stakes in select Indian companies during the December quarter, even as they pulled out ₹1 trillion from the markets in the third quarter of 2024-25. This surprising trend highlights FPIs’ continued confidence in the long-term growth potential of select stocks, even amid short-term volatility.

Subscribe to enjoy similar stories. On 3 Feruary, the market closed in the red amid weak global cues and concerns over low capex allocation in the Union Budget 2025-26, triggering a sharp sell-off in capex-related stocks. The Nifty declined 121.10 points to close at 23,361 (-0.52%), while the Bank Nifty dropped 296 points to settle at 49,210 (-0.60%).

Subscribe to enjoy similar stories. The stock has been experiencing a lot of volatility, and the recent profit booking dragged the prices into the ‘kumo’ support region and is now spurring a rebound. The robust long body candles are indicating some positive traction ahead.

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, closed 120 points lower at 23,361.05 as global uncertainty weighed on sentiment. The decline was driven by US President Donald Trump’s trade tariffs, a weaker rupee, and concerns over subdued government spending.

Traders of Canadian short-term interest rates have begun to price in meaningful odds of an emergency cut by the Bank of Canada to blunt the economic impact of tariffs the U.S. said will take effect Tuesday.

German beer sales declined in 2024 despite the country hosting the European Football Championship, continuing a long-term downward trend that has seen sales drop by more than 10% in a decade to their lowest level since the early 1990s

Vikas Pershad, Portfolio Manager, M&G Investments, says the multiples are high, the price might seem high, but the Indian market is pricey not expensive because one is getting a lot in return and nothing about that has changed since Saturday, nothing about that has changed since the latest Trump 2.0 tariffs came out and so Pershaud remains very constructive on India. The FIIs probably will come back in phases. Until then, the domestic bid should be there. Pershaud also says consumption-focused Budget doesn’t mean we should be investing in consumer staples. Rather, they have grown exposures in higher-end expenditures, high-end real estate, hotels, airlines,. They have broadened out in life sciences and healthcare services, clinical diagnostics also and are increasing it in defence and some of the infrastructure names also. So, what is going to be on the market's mind for the next few days? Will it be the T of tariff or will it be T of tax cut? Vikas Pershad: I think a little bit of both.

Despite markets remaining open for the Budget, foreign investors' participation was very minimal. Hence, analysts say the actual reaction is likely to be witnessed in a day or two to understand whether the market has really discounted the Budget factor or not.

Subscribe to enjoy similar stories. Consumption-driven stocks are likely to outperform capex-driven ones in terms of earnings revisions post the budget tax cuts, which put more money in the hands of the middle class, according to Ganesh Mohan of Bajaj Finserv Asset Management Company (AMC). While increasing hopes of a rate cut at the upcoming Monetary Policy Committee meeting would be priced in, that might not be a certainty given the downward pressure on the rupee and its consequent impact on capital outflows, Mohan, chief executive officer at the fund house, told Mint in an interview.

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, snapped its four consecutive sessions of winning streak and closed 26 points lower at 24,482.15 on Union Budget day. The index started the session with a muted opening at 23,528.60 and traded volatile during the budget presentation.

Subscribe to enjoy similar stories. Foreign investors appear to have readied themselves for a negative reaction over this week, after remaining largely absent during the special budget session on Saturday. The Union budget's tilt towards consumption over capex, anticipation of an expanding global trade war, and uncertainty over the next monetary policy outcome on 7 February could have influenced their decisions, according to analysts.

Subscribe to enjoy similar stories. The Indian stock market closed on the upside, with the Auto and IT and Consumption sectors pulled the market up. The Nifty 50 index closed at 24,188.65 while the BSE Sensex closed at 79,943.71, up 1.83%.

Manoj Bhat. The company, whose flagship brand Club Mahindra has 5,698 rooms across 126 resorts, is planning to add 15 new destinations in the next five quarters and is bullish that the several announcements made in the Union Budget 2025-26, including plans to develop top 50 tourist destinations and enhance connectivity will further strengthen the sector.

In an interview with ETMarkets, Gahlaut said: “A growing economy translates into higher stock market valuation and hence the long-term prospects of the stock markets remain upbeat in line with these growth projections,” Edited excerpts: