Business

Market Loses Momentum After Initial Gains as Tariff Decisions Awaited

Published

11 months ago

July 11, 2025

On Thursday, the stock market struggled to maintain early gains and closed lower for the second consecutive session, with the Nifty slipping below 25,400 as investors expressed concerns over Trump’s tariff policies.

At the market’s close, the Sensex declined by 345.80 points (0.41%) to finish at 83,190.28, while the Nifty dropped 120.85 points (0.47%) to settle at 25,355.25. Additionally, both the Nifty Midcap and Smallcap indices fell by 0.3%.

Notable gainers on the Nifty included IndusInd Bank, which rose by 1.56%, Maruti Suzuki India, up 1.40%, and Tata Steel, climbing 1.03%. Conversely, 38 stocks closed in the red, with Bharti Airtel down 2.76%, Asian Paints dropping 2.06%, and HDFC Life Insurance Company declining by 2.05%.

On the BSE, approximately 140 stocks reached their 52-week highs, including Glenmark Pharma, UTI AMC, Krishna Institute of Medical Sciences, Laurus Labs, UltraTech Cement, SRF, LT Finance, and Navin Fluorine.

In sector performance, nearly all sectors were in decline, except for Nifty Realty, which gained 0.72%. The Metal sector increased by 0.42%, while Consumer Durables edged up 0.11%. In the financial sector, the Nifty Bank dipped 0.45%, the Nifty PSU Bank fell 0.80%, and the Private Bank index reduced by 0.48%. The Financial Services index decreased by 0.27%.

Interestingly, shares of asset management companies surged by up to 6% on July 10, fueled by favorable June AMFI data and ICICI Prudential AMC’s filing for a ₹10,000 crore IPO.

In individual stock performances, Prestige Estates saw an almost 3% increase following bullish broker reports after a strong Q1 update. IREDA gained over 2% ahead of its Q1 results, while RailTel Corp also saw growth on winning an order from Chhattisgarh. Power Finance Corp (PFC) shares jumped nearly 3% after a block deal of 1.11 million shares.

Market sentiment was notably influenced by the ongoing trade discussions between India and the US, which remain unresolved despite recent optimistic statements from both nations about negotiations. Additionally, the beginning of the Q1 results season has kept many investors cautious.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

4 days ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

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The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.

Business

Overseas Loans by Indian Firms See Sharp Decline

Published

3 weeks ago

May 17, 2026

Namma Kudla

Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.

Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.

In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.

In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.

Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.

The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.

Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

3 weeks ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.