Donald Trump Tariffs: On Wednesday, Trump escalated the trade tensions with India while imposing an additional 25 percent tariff -- following the earlier announced 25 percent duty -- on Indian goods, in response to India’s continued purchases of Russian oil and defence equipment.
The market veteran said that well-known investors including Warren Buffett made the largest chunk of money from a concentrated portfolio of good companies though they also diversified to protect their wealth.
Market experts believe most of the positives such as easing US-China tariff war, de-escalation with Pakistan, RBI rate cuts are factored in, and there may not be fresh positives to support a strong rally from here on.
The Dow Jones has dropped 9.6 percent, while the S&P 500 is down 9 percent. Losses across Europe and Asia are equally grim.
The mid and smallcap 100 indexes also mirrored positive trends with gains of 0.6 and 0.4 percent, respectively.
Analysts have noted that post-correction, the market is trading at valuations in line with long-term averages, presenting opportunities for investors.
Investors are now eagerly awaiting the crucial July consumer price data, with economists expecting a 0.2 percent rise in both the headline and core figures.
The Nifty Realty index was the brightest spark in the afternoon after advancing over one percent. Stocks such as DLF, Prestige Estates, Brigade Enterprises and Oberoi Realty kept the sentiment in the sector upbeat.
Nifty IT was the brightest spark on the bourses, rising almost 2 percent backed by gains in Tech Mahindra, HCL Tech, and LTIMindtree.
Metal was the worst performing sector on July 25 on the index with stocks such as Vedanta, and Hindustan Copper weighing heavily on the market
VIX, also known as the fear gauge, eased by around 8 percent to be just below 12.
India's ROE is one of the highest in global markets. Only the United States has a higher ROE than India, whereas China's ROE has approximately halved over the past decade, according to Garner.
In FY24, the Nifty delivered nearly 30 percent return, its strongest performance since 2010. Forty-eight of the Nifty 50 stocks generated positive returns during the fiscal year
Biggest loser on the Nifty were M&M, Sun Pharma, Eicher Motors, LTIMindtree and ONGC, while gainers included SBI Life Insurance, Titan Company, HDFC Life, Kotak Mahindra Bank and Asian Paints.
Across 425 active funds in the market, about 95 percent of the AUMs are invested in around only 382 stocks
Broader indices performed inline with main indices with BSE midcap and smallcap indices rising 0.5 percent each. Bajaj twins, Titan, IndusInd Bank and Tata Consumer Products were among the top gainers on Nifty
Eicher Motors, Nestle India, Bajaj Auto, Hero MotoCorp and ONGC were among the top gainers on the Nifty, while losers included IndusInd Bank, Tech Mahindra, Cipla, Kotak Mahindra Bank and Adani Enterprises
Except pharma, all other sectoral indices ended in the green with power, metal, auto, oil & gas and bank up 1-2.7 percent.
Mixed trends seen on the sectoral front, with bank, metal, capital goods and realty up 0.4-1 percent each, while power, FMCG, and oil & gas down 0.3-1 percent.
A mixed trend was witnessed on the sectoral front with the Realty index falling nearly 2 percent and the PSU Bank index down 0.5 percent. The Information Technology index rose 1 percent and the Metal index added 0.75 percent.
The biggest gainers on the Nifty were L&T, ITC, Britannia Industries, Reliance Industries and Sun Pharma, while losers were Bajaj Finance, M&M, Bajaj Finserv, Tech Mahindra and Apollo Hospitals
Top losers on the Nifty included Tata Steel, Bajaj Finance, Tata Consumer Products, Tata Motors and Asian Paints, while gainers were Divis Laboratories, L&T, HDFC, HDFC Bank and Bharti Airtel.
The BSE midcap index rose 0.7 percent and smallcap index gained 0.2 percent.
Broader markets performed in line with benchmark indices with BSE midcap and smallcap indices adding 1.7 percent each.
The broader markets performed even better. The BSE midcap index was up 2.6 percent and the smallcap index closed with gains of 2.5 percent.