Global Finance Buzz & India Market Pulse

By admin
July 16, 2025

Global Finance Buzz & India Market Pulse – July 11, 2025

1. Indian Markets Slip on Weak IT Earnings & Tariff Fears

Mumbai, July 11, 2025 – Indian equities opened lower as mixed earnings from tech giant TCS and global trade threat fears weighed on sentiment.

The Nifty 50 declined 0.37% to 25,262, while the BSE Sensex dropped 0.41% to 82,854 by midday, extending a downward trend from yesterday.
Ten of the thirteen major sectors traded in the red. The IT index shed over 1.1%, dragged by TCS, which slumped around 2.1% after falling short of Q1 revenue expectations due to clients cutting non-core spending amid tariff tensions.
Conversely, Hindustan Unilever gained 4.4% following the appointment of insider Priya Nair as its new CEO.
Other notable movers included Tata Elxsi and Indian Renewable Energy Development Agency (IREDA), both slipping due to broader market caution, while Anand Rathi Wealth gained on robust quarterly results, and Glenmark Pharma surged nearly 10% after striking a deal with AbbVie on a cancer treatment.

Market analysts expect continued volatility with sector-specific driver dynamics, although persistent U.S. bilateral tariff uncertainty and potential margin pressure in banking remain concerns.

2. SBI to Launch ₹25,000 Crore QIP

In a bold strategic move, State Bank of India (SBI) is set to launch a ₹25,000 crore Qualified Institutional Placement (QIP) next week, as approved by its board in May.

If executed, this will become India’s largest-ever QIP, surpassing Coal India’s 2015 record.
The fresh capital is aimed at bolstering Basel III capital buffers, expanding SBI’s lending capacity, and enhancing public sector banks’ credibility—PSBs are expected to raise nearly ₹45,000 crore via QIPs this fiscal year.
The offer is open exclusively to institutional investors and marks SBI’s first equity raise in eight years, raising optimism in the sector.

Analysts believe that successful placement will improve investor sentiment, potentially energizing SBI’s stock and signaling renewed institutional investor interest in public sector banks.

3. Rupee Holds Firm Despite Broader FX Weakness

The Indian rupee held steady around ₹85.64 per dollar despite gains in the greenback driven by tariff concerns.

Analysts note that importer demand for dollars continues to counterbalance foreign inflows.
However, any clear resolution on trade tensions, particularly with the U.S., could strengthen the rupee.

4. JPMorgan, TSMC & Nvidia: Global Corporate Shake-Up

JPMorgan CEO Warns of Higher U.S. Rates: JPMorgan’s CEO Jamie Dimon cautioned that markets may be underestimating the duration and level of U.S. interest rates, potentially triggering volatility in bond and equity markets.
TSMC Revenue Beats on AI Demand: Taiwan’s semiconductor giant TSMC posted a record T$933.8 billion revenue for Q2, a 38.6% year-over-year increase, driven by strong demand for AI chips.
Nvidia CEO to Meet Trump: Nvidia CEO Jensen Huang is scheduled to meet with President Trump in Washington ahead of his China trip, following its historic valuation surge above US$4 trillion. The sit-down highlights geopolitical and trade implications in the global tech ecosystem.

5. Tariff Turbulence: Canada Slapped with 35%

President Trump has announced a 35% tariff on Canadian imports effective August 1, intensifying global trade uncertainty.

U.S. equity futures fell around 0.4%, while gold climbed 0.3% to $3,353/oz—standard safe-haven maneuvering.
Markets remain wary of further tariff escalation, including potential blanket 15–20% import duties targeting multiple economies.

Finally

Today’s trading session paints a complex picture: domestic equities are weighed down by tech sector woes and trade policy concerns, while SBI’s high-stakes capital infusion shows promise for restoring confidence in public sector banking. Across international markets, corporate giants like JPMorgan, TSMC, and Nvidia provide direction in global finance. Uncertainty persists as tariff policy unfolds—but amidst the volatility, areas like semiconductors and infrastructure financing continue to shine.