Starting August 1st, Indian retail investors gain formal access to algo trading under Sebi's new framework, moving from unregulated activity to supervised trading. While this democratizes automated trading, retail algos, subject to strict checks and slower execution, differ significantly from the sophisticated, faster systems used by institutions. The 'kill switch' provides a safety net against systemic disruptions.
Hindustan Unilever's stock rose 3.5% after reporting June quarter results that exceeded expectations, despite a slight dip in Ebitda margin due to increased advertising. Sales volume grew by 4%, with underlying sales growth reaching 5%. The company anticipates sustained business momentum, driven by price increases and stable input costs, expecting Ebitda margins to remain between 22% and 23%.
Indian markets reacted negatively to US tariffs. Donald Trump imposed 25% tariffs on India. Most sectoral indices closed lower. Textiles, automobiles, oil & gas, and pharmaceuticals are likely to be affected. Textile stocks could face pressure. There is ambiguity on the auto sector impact. Oil & gas sector also faced a drop. Pharma sector also declined due to the tariffs.
The Indian rupee hit a record low, closing at 87.59 against the dollar. This decline occurred due to worries about US tariffs and continuous selling of Indian stocks. A strong dollar also contributed to the rupee's fall. During the day, it even touched 87.74. However, the rupee recovered slightly, possibly because of intervention by the central bank.
Historical market data reveals mixed performance trends for August, with both Nifty 50 and Nifty 500 showing gains in six out of the last ten years. Global indices like S&P 500 and Dow Jones also exhibit similar inconsistent seasonality. Investors anticipate continued volatility this month, influenced by US tariffs and other uncertainties, expecting Nifty to fluctuate within a specified range.
Indian stock markets closed lower on Thursday. This happened after a day of fluctuating gains and losses. Investors were concerned about US President Donald Trump's new tariffs on Indian exports. The Nifty and Sensex both experienced declines. Market volatility increased, indicating caution among traders. Experts suggest that rallies may face resistance due to various economic factors.
