- 2 days ago
Expert says that markets have been stuck in a kind of limbo for the past few months. While there has been talk of trade deals and positive developments, very little has actually moved forward.
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00:00good afternoon and welcome to the market closing show here on india today i'm sakshi batra first
00:19up let's take a look at what's hot in the corporate and the financial world
00:23markets extend losses for the fourth consecutive session with the sensex now
00:29down 700 points nearing 84 300 mark also the nifty down 200 points slipping below 25 900 mark in
00:37intraday trade all the sectors are down down in the red we're also looking at metals and oil and
00:42gas facing maximum pressure foreign portfolio investors make a sharp sectoral shift in the
00:50second half of december pulling out nearly 17 000 crore rupees from equity markets fmcg and
00:56financial services see heavy sell-off of around 4 000 crore rupees each while it sector attracts
01:02some inflows signaling a shift in global investor sentiment
01:09in a major boost to the make in india push the adani group is tied up with brazil's
01:13embraer to build commercial aircraft in india adani will set up the country's first final
01:19assembly line for fixed wing aircraft with a formal announcement expected later this month
01:28the u.s supreme court sets tomorrow as opinion day on president trump's global
01:32tariffs a case challenging presidential trade powers ahead of the ruling export-oriented stocks are
01:38under pressure google does exports down 12 percent shrimp stocks like avanti feeds apex frozen have also
01:44fallen up to seven percent silver prices extend their slide falling nearly 11 000 rupees to trade now
01:532.4 lakh rupees on the mcx amid annual commodity exchange rebalancing and the key u.s economic data
02:00gold also drops half out percent on profit taking amid strong dollar and rising bond deals
02:06let's uh quickly look at how the markets are trading in the last 20 minutes of trade the nifty
02:17is now hovering at 25 877 a percent down in trade at 262 points of a fall we're at the day's lowest point
02:24yet we had seen some kind of a buying emerge just about half an hour ago but we have fallen under severe
02:31pressure now all the sectors are deep into the red let's look at the india weeks that's actually
02:35surging in the green now up 10.66 uh levels is the level at which it is moving at seven percent higher
02:41for the india weeks today and that's uh what indicates a lot of fear that's emerging back into
02:46the markets metals oil and gas even the psu banks they're all losing a lot of ground here
02:51broader markets under pressure mid and the small caps also seeing a lot of losses you're seeing it
02:56real estate pharma autos every sector that you can mark today is facing selling pressure on the nifty
03:03brace yourselves there's just about six stocks that are in the green the rest of them have all fallen
03:08in trade eternal is holding about 0.8 percent higher that's the top mover sbi live icica bank
03:14bajaj finance you're also looking at hltec and bel as among those stocks that are still holding on to
03:19some gains but rest all of the stocks have actually slipped into trade as far as the nifty 50 stocks are
03:24concerned the top laggards now on your screens indalko now losing about three and a half percent in trade
03:30lnt geo financial services ongc dr reddy's wipro these are the top drags anywhere between three
03:37three and a half percent of losses can actually be seen on this one psu index completely in the red
03:42with the defense names that were holding up into the trade in the morning trading session
03:46have all now slipped as well the nifty 500 names where there are far and few between names that are
03:51still holding on to some gains but rest of them have all slipped when we look at the laggards you do see
03:56a lot of names that are falling in prey to this kind of a sell-off in the markets gm breweries is
04:02down phase three is down tribubandas bmg zaveri apex frozen food all of them down in drake gokel
04:08das exports are one three feeds we marked out a lot of them for you in the headlines as well
04:12these are all the stocks that are severely under pressure right now let me quickly go across to
04:16our guest now sharmila joshi margaret spur joining in uh sharmila warm welcome good to have you with us the
04:21market's definitely not looking good at this point in time what do you make of this uh
04:25severe pressure that we are faced with is it some fear of that 500 tariff that could be coming in
04:31if trump really is looking to pass that bill you know it is a whole lot of uncertainties which are
04:39weighing down on the market so yes i think like uh the 500 that you mentioned could probably account for
04:45the last two three hundred uh uh sunset uh points correction that we see but overall i think the
04:51mood has been sort of sluggish from the start of the day and you know it's a lot of it's the
04:55geopolitics that's weighing in we've been hearing of a trade deal but you know nothing gets signed so
05:01a lot of it seems to be that uh that there is good waiting to happen but nothing is actually getting
05:07translated uh into uh action and i think somewhere market is uh uh it's a little weary because we
05:14be now in this sort of a state of limbo for the past couple of months and there is a certain sense
05:19of weirdness that seems to be sort of creeping in uh so hopefully things will change but at the moment
05:26that's the market that we have and uh that's the market that we must leave with what should investors
05:31do at this point in time should they just wait and watch let this volatility play um you know play out and
05:36just wait for sensibility to return to the markets what should their strategy be in this kind of a
05:41market or should they be aggressive and buy these dips well aggressive i think is out of question
05:47because you know we as i said uh this is now a state that has uh lasted for more than a couple of months
05:53so uh passion is advised uh however i think that what one could possibly do and what have really been
05:59uh thinking along the lines of is that if you like a stock uses as an opportunity to buy
06:04now there could be different reasons why you could uh like a stock but i think uh to my mind
06:10go for something that looks fundamentally strong and where there is sort of a story waiting to play
06:15out in the future and buy with that two three year uh sort of an horizon and also stagger your
06:20buying i think you know that would be my main piece of advice for this kind of market uh don't uh
06:25you know completely think that oh this is how things are going to be and you know because
06:29sometimes things bounce back very fast if something were to change uh somewhere uh so start buying a
06:35little keep nibbling and buy what you like uh but definitely i think some amount of caution is
06:41warranted also when you buy don't buy putting your entire money in one way absolutely let's uh shift
06:47focus to a big major boost to make in india program that we've seen today the adani group is now set to
06:53build commercial aircraft in india in partnership with brazil's embrair so let me go across to my
06:58colleague richa sharma who has more details on this development uh richa good afternoon to you
07:04while the adani embrair deal is uh for the final assembly line for fixed wing aircraft what does this
07:10really mean for india what do we expect good afternoon so it's it's a big thing you know in india uh we
07:18have two major airlines and there have been a lot of orders they have placed globally around 1500 to
07:231800 aircrafts and government has been trying that uh you know when we have such an aircraft why don't
07:29those big players there are two big major aircraft manufacturers air force and boeing why don't they
07:33come to india and set up their assembly lines in uh india but there's been a lot of talks but nothing
07:39was happening and embrair is the first they make fixed wing aircraft and they're the first one uh to sign
07:45an mou with adani so this will put india on an aviation map because when we have so much aircraft
07:51uh orders but we were not manufacturing or producing them so now they'll be uh you know making india
07:57aircrafts uh for global uh consumers also so that's very important it will also lead to job creation
08:04and a lot of those ancillary industry around the aviation market that would come up in the sector so
08:10that is very important and it will be the first commercial aircraft there be ties with airbus
08:15or going on the defense sector but never on the commercials it's the first thing uh when making
08:20india's going commercial absolutely so help us understand what's the future roadmap for operation
08:26the operationizing this deal exactly see as of now uh everybody is waiting to hear i think uh you know
08:33more details will be out or during the wings india which is scheduled end of january in hajibab
08:38where this deal will be inked officially and we would know what is the kind of amount of you know
08:43that investment that will happen or what kind of aircraft that embrayer is looking to manufacture in
08:48india or the location but for embrayer perspective also we just have one airline a regional player
08:53star airline which flies embrayer but embrayer is becoming a global player because other players
08:59any new aircraft uh request will only be delivered like 10 years later so umbrella could fill up those
09:06gaps for the smaller demand you know a mid-haul or a shortfall requirement for the bigger companies
09:12so it's important that you know uh players could look up to smaller aircrafts in their kitty
09:19good point there thank you so much richa for giving us all those details this is an interesting
09:24development and definitely a big one when it comes to the aviation space uh sharmila what do you have to
09:29think about it i think commercial aircrafts now getting built in india made in india push forward
09:35and now danny group right at the center of this oh absolutely so as you said the good news because uh
09:41a definitely i uh the recent events with uh indigo and uh overall i think you know the way we've been
09:48seeing air travel takeoff there definitely seems room for more and definitely uh whether it is domestic
09:54travel or whether it is uh international travels indians do seem to be traveling uh at a rate which
10:01we haven't witnessed before and you know that's something that's only likely to go up so i think
10:05it's very uh it's it's good thinking that you you need to see some kind of manufacturing in india
10:12because we are such big consumers ourselves uh you know apart from what we could be looking at
10:17selling uh outside also i think in that sense uh probably adani is a good name or to come up in
10:23this because you know they have sort of uh always said that they are there as disruptors in the
10:28infrastructure space so who better than them to take it on as a challenge so i think yes good news
10:33all around okay viewers shifting focus to a big breaking news coming in your way and on your screens
10:40now reuters sources have told uh you know citizens that india now plans to scrap curbs on chinese firms
10:47bidding for government contracts this is what reuters has said that india may be scrapping
10:52china curbs also uh chinese firms may now bid for government contracts and capital goods stocks
11:00can actually be seen under pressure at this point in time you can see bhl now sliding sharply intraday
11:05trade capital goods shares are also seeing a sharp fall at least at this point in time and uh that's
11:11the key news and the impact that you see at this point in time as reuters has reported that india is
11:18now planning to scrap the curbs on chinese firms and therefore they can now go ahead and bid for
11:25government contracts this could be a negative for the domestic companies and therefore you do see
11:29the capital goods majors are seeing a sharp fall in trade eight percent lower for bhl at 279 let me go
11:37across to sharmila to get a sense of what could this mean for domestic firms which kind of firms could
11:41actually be on the receiving end of this and what could be the knee-jerk reaction and how to do
11:45how to play that negative move right now uh sharmila how do you see this of course uh this may be good
11:51news for the chinese firms uh you know all uh the curbs that stand in place may be scrapped when it
11:57comes to uh them bidding for any kind of government contracts but that would mean lesser opportunities
12:02or more competition for the domestic companies honestly i don't know what to make of this news
12:07because you know when you say bid for government contracts what kind of contracts because if you
12:11are i mean if you look at our history with china and the fact that they are pretty much uh viewed as
12:17an aggressor then i don't know whether it makes a lot of sense because a lot of the government contracts
12:22are fairly sensitive in nature so i don't know which is the which are the spaces that are going to be
12:27allowed uh for uh you know them to bid for or whether this is really something uh because if uh
12:34if you were to just read it prima facie then obviously i think it's not great news uh for
12:39definitely for all the psq uh plays in infrastructure because they have been the ones who are good who
12:44get the orders for whether it is uh you know to build power factor power stations or you know anything
12:50that is sort of sensitive uh in nature and which is large size whether it is defense whether it is
12:55uh any big infrastructure highway project dam etc so i i think that maybe perhaps you should just
13:03wait for a little bit of clarity on this because i think prime of ac i think you know with the way
13:07the stocks are reacting uh is which is what i would think you know that it's not great news
13:13absolutely you do see lnt bhl siemens all are coming under pressure at this point in time remember
13:19these are our curbs that were in place after the galvan clash that we had seen at least five years ago
13:24and then finally these curves are getting lifted at this point in time therefore you do see some
13:28pressure really building on there but of course more clarity will have to be seen going forward
13:33from here as to what kind of companies for what kind of contracts they can now a bid going forward
13:38from here but let's also try and understand why the markets are falling is also because consistently
13:44all through 2025 we've seen foreign portfolio investors pulling out from the indian equity markets what
13:49we've also seen is that in the month of december the last month of 2025 they've actually reshuffled
13:54their sectoral bets in the second half of december they've pulled out nearly 17 000 odd crore rupees from
13:59indian equities fmcg financial services auto stocks have actually seen some of the sharpest sell-off from
14:05the foreign portfolio investors the foreign investors at large whereas they've actually pulled put in money
14:10in it in consumer services in metals they have attracted some floors and that somehow signals a shift in the
14:17global investor sentiment so let's try and understand this for better retail investment investors as
14:23well uh sharmila one we have been seeing all across the board in 2025 there were two clear trends one
14:28was that from the secondary market the fpis were pulling out money in the primary market they were
14:33trying to scout for more opportunities two now we are getting to understand in december they've tried
14:38to make this shift away from uh you know the sectors like autos for instance that had started to move
14:44up in september um you know from fmcg financial services that had largely performed well in 2025
14:51but it which had been a big underperformer is where they've now put in money metals which has started
14:55to move again they've started to put in more money now how do you understand this shift from an average
15:00retail investors perspective yes you know again i think that uh if you were to see the sell-off in
15:06financials and uh autos it sort of makes sense because your profit booking uh we as you said
15:12financials was the best performing sector for the last year so if you're if you made any money it is
15:17the money that you made uh if you were invested in stocks in that place and autos you know most the gst
15:23news they really rallied and we saw a run-up and in fact even in this month we continue to see a good performance
15:30from the two wheelers and the numbers also look better so that's definitely a story that is uh
15:36is happening but maybe you know there was some room to book profits there but fmcg really surprises
15:42me because i think you know the gst cuts will also have a positive impact on a lot of fmcg play
15:47and uh this is not a sector that's done well uh so one uh it's it's uh it's strange that there was
15:54profit booking there and again i think if you look uh forward if you were to see uh the trade deal
15:59happen which one hopes uh again happens sooner rather than later then you know that will sort of
16:04bring some semblance and some calmness to uh it pharma and therefore there could be sort of forward
16:11thinking in uh in investing in those sectors uh uh so you know that that could be uh metals again is a
16:19globally well-performing sector we are seeing what's happening uh across uh because you know
16:24this is one sector that is tied completely to what is happening on the global stage more than
16:29what domestic companies are what is happening here because here i think things are pretty much okay
16:33so it's because what the takeoff that we are seeing in metals globally that we have
16:38uh we've seen buying coming into a lot of the metal stocks and i think that's likely to continue while
16:43you have that kind of a uh upbeat um environment overseas so that i think kind of makes sense so
16:50as i said the only surprise to me as a retail investor is really uh the sell-off that we've seen
16:56in fmcd because you know to my mind uh like for instance a nestle is a big beneficiary from the gst cut
17:02almost i think uh 70 to 80 percent of their portfolio stands today uh so it's a little surprising that
17:07they were selling there absolutely so that's as far as uh the money flow is at this point
17:13in time viewers but let's shift focus to uh diamonds now and debier is the world's leading
17:19diamond company which once gave the world an iconic line a diamond is forever but remember today
17:25natural diamonds are actually facing newer challenges from lab-grown alternatives from
17:30falling prices of diamond to tariff-led pressure on exports as well in the latest edition of the
17:36business today podcast debier's group ceo al cook explains why he believes diamonds should face
17:42zero tariffs let's listen to what he had to say geopolitically um tariffs are very challenging for
17:49the diamond industry we're a global industry and of course the fact that there are 50 tariffs on india
17:55from the united states is a disruption to the diamond industry but i'm very confident that between the
18:02united states government and between the indian government that we're going to see a resolution to
18:07that and we're going to see those tariffs go away for diamonds entirely so that diamonds can flow
18:12around the world the way they should there shouldn't be a tax on love when you talk about the prices i've
18:17also seen that diamond prices have also fallen i think they peaked in 2022 and thereafter they have
18:22been correcting about 25 odd this is also the same time when we've actually seen the other precious
18:28metals like gold and silver surge with a record run-up that nobody ever imagined when diamonds are also
18:34looked at as an investment opportunity how would you explain to the investors when the prices are
18:38falling right now what are the key reasons why are prices falling so much well i think the first thing
18:43to say is if you look at the price of a diamond retail in the united states say a one carat diamond ring
18:50the price of that has stayed stable for the last five ten years so that's been a good source of of
18:55stability there rough diamond prices always go down and and they go up and with the tariffs with lab
19:02grown diamonds we've seen rough diamond prices fall we're very confident that over the long term
19:08there'll be a tremendous store of value because quite frankly they're not making them anymore
19:13the earth has stopped making natural diamonds in fact we've only discovered one new diamond mine so
19:19far this century and diamond supply has been going down for the last 15 plus years and we expect it
19:27to go down in 2026 as well so when you've got something that's rare and it's becoming rarer
19:33that's uh that's a good way to uh to look at whether it'll appreciate in value so in 2026 what's your
19:39sense how will the prices be will they recover will they bounce back or is there still further some room
19:45for correction i think at the retail level they'll stay pretty pretty constant at a wholesale level i think
19:52we'll see um we'll see something quite interesting happen which is the really large diamonds the kind
19:59of diamonds that you might see on on a celebrity's engagement ring taylor swift's engagement ring they're
20:05already going up in value we're already seeing demand outweigh supply on the other side small diamonds
20:11at a wholesale level they've come down a lot in price and we see that being a much more gradual recovery
20:18over the years because there's been some oversupply of that over the last few years so it's a bit of
20:23a difference now between the larger diamonds that are truly iconic going up in value and the smaller
20:29diamonds which will take some time i think to recover you can definitely watch the full podcast on
20:37business today's social media handles flashing on your screens as well as uh debier's group uh uh ceo uh
20:43al cook also explains as to what is the kind of expectation he has on lab-grown diamonds vis-a-vis
20:49the natural diamonds over the next course of five to ten years so stay tuned for that on business
20:53today you'll be able to watch that today as it will be out and of course on the social media handles
20:58as well let me now shift focus uh to the markets right now and see how the markets are shutting shop
21:04we're just about a minute to go before we close for the day so let's shift focus there and then we'll
21:09take some of your questions with sharmila 25 869 so we are now inching closer to 25 850 viewers and
21:19that's where the pressure is emerging 270 points of a loss over a percent kind of a cut on the nifty
21:25the nifty bank on your screens about half odd percent lower 59 676 across the board there is clear
21:32pressure that is being seen that's the top laggard on your screen viewers the nifty metals index remember
21:38for the last couple of weeks we were seeing so much of action on the metals it's given up a part
21:42of those gains three and a half percent lower in trade oil and gas also down by nearly three percent
21:47at 11 570 you can clearly see some pressure on the commodities across the board there it stocks also
21:54under pressure two percent lower remember that export oriented growth is seeing some kind of
21:59uncertainty from fresh tariff sanctions those kind of news coverage that's coming in psu banks also which
22:05had come into uh flavor over the last couple of weeks seeing some bit of a pressure there about
22:10two percent lower for the psu banking index as well at this point in time that's the auto stock for you
22:16uh remember last couple of sessions we had been seeing uh the numbers driving up the momentum there
22:21a percent lower for auto stocks as well in fact all the sectors have ended lower that's the broader
22:26market for you mid caps now down by two percent they have underperformed even the benchmark index in
22:32that fashion uh small caps also down by about two percent 25 868 272 points lower that's the final
22:38print for you viewers as far as the nifty is concerned gainers limited as they were zomato
22:43sbi live icic bank on your screens about half percent to almost 0.8 percent of gains there bajaj finance
22:49those are the limited four gainers towards the end of the session today and that's why you have
22:53only four gainers on the nifty 50 rest of them have all slipped indalko wipro geofinance you name it
22:59all these stocks have faced certain pressure time now to take your questions viewers as far as
23:06sharmila is concerned she's with us to answer your queries sharat sina from lucknow has the
23:10first question for you sharmila and shara says there is heavy selling in metals and oil and gas
23:16stocks so is this a good opportunity to buy into the quality names at these lower levels
23:21oh well honestly uh if uh first of all oil and gas as a sector you know really don't ever really
23:27recommend uh investing in that for the simple reason that uh you know it's too uh sort of
23:33controlled uh it's too uh sort of deeply linked with your uh what happens with your inflation so
23:39you're never really allowed uh the the the sector is just not allowed to sort of perform on its own
23:45when prices go down there is some tax that is imposed if prices go up then you know some other
23:51thing comes in so that inflation is kept under control so i sort of steer clear of the sector it's a
23:56good sector but i sort of steer clear of it uh coming to metals i think we were just discussing
24:00a little while earlier i i'm not very comfortable with the valuations of a lot of the stocks but i
24:05can't take away from the fact that globally there seems to be a sort of a great up move uh you know
24:11almost every metal apart from the precious metals whether it is copper or you you know the kind of
24:16reports that we are hearing does seem to suggest aluminium copper that this value could continue
24:20uh so let the correction so we we are seeing a little bit of a profit taking correction let that
24:26happen and then you could look at it but very honestly as i said oil and gas have it other
24:30okay the next question we have is from arpit garg who's from shimla and he says the tariff
24:38sensitive stocks are now under pressure so the current levels are they offering any buying
24:42opportunities at all um i believe he's talking about the export oriented sectors we saw a lot of
24:48pressure today on the likes of gokal das exports maybe even avanti feeds apex frozen foods how are
24:53you looking at these export oriented sectors so uh you know yes and no i think definitely perhaps as
24:59we are saying uh you know it could see a bit of a bounce back you could look at select pharma names
25:04uh maybe a name like an avanti feeds etc uh but i'd go a little uh sort of slow on the uh textile
25:11names and uh and related because i think there it gets a little sort of uh that that i think could
25:18be a little tricky still you know going ahead uh to my mind the first to recover uh could be stocks
25:24within the id uh sector as well as the pharma sector okay the next question is from sunidi das from
25:32kolkata sunidi says will the decline in silver prices continue or is a rebound likely that's a million
25:38dollar question there so people still looking for any kind of an opportunity sharmila to enter into
25:43the big bull uh run that we've been seeing in silver prices all across 2025 and in the beginning of 20
25:4826 as well and these uh periodic dips that we are seeing 10 11 000 rupees or today also how would you
25:55look at it so you know we've been discussing this for quite a while i think a couple of times earlier
26:01when i've been on your show we've discussed this as well my approach has been to really invest in
26:05advice investing in a silver etf so i think you know you need to be periodic and keep making your
26:10investments uh because i think that whether it is the way the geopolitical the geopolitical situation
26:17in the world today is uh the way we are uh you know in in relation with a lot of issues happening
26:22around the world or to my mind it makes a lot of sense to have exposure to both gold and silver
26:27and for me the method is to have a good or a silver etf rather than buying uh actual gold or silver so
26:35that's the approach i think that especially you know young investors who are starting out i think
26:40that's what they need to keep in mind because the world is not the same place and you do need to have
26:45that little defensive play that comes from having precious metals in your portfolio so i would recommend
26:51silver or a gold etf such corrections will happen because you know the prices uh if the price of silver
26:56goes up the way it has you will see correction which is why i think which is why i said etf and
27:01etf that you invest in at regular intervals all right thanks a lot then sharmila for being with us
27:08on the show and of course explaining a lot of insight that you've shared with all our viewers across the
27:12segments of opportunities in the market it's always a pleasure to have you with us and viewers in case
27:17you too have any questions about investments in mutual funds in stocks your sips gold related queries
27:22and please do send them to us on the number that's flashing on your screens we'll be happy to address
27:26them with our top market experts and don't forget to tune in at 9 a.m tomorrow morning for all the
27:31market opening action i'll be back with that
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