S&P Global Ratings Director YeeFarn Phua states that the 50% US tariffs (25% base + 25% additional for India’s Russian oil trade) imposed by the Trump administration, effective August 27, 2025, are unlikely to significantly affect India’s economic growth. This is due to India’s low trade dependence on the US, with exports to the US constituting only about 2% of its GDP. S&P maintains a positive outlook on India’s ‘BBB-‘ sovereign rating, projecting a steady 6.5% GDP growth for the fiscal year.
The Indian benchmark equity indices opened the session with a neutral trend. Today’s market is pulled up by the shares of Wipro, Trent, and Adani Ports. The NSE Nifty 50 opened 12 points, or 0.04% down, at 24,607, while the BSE Sensex opened 86 points, or 0.10% down, at 80,625.
Global Markets
U.S. President Donald Trump warned of “severe consequences” if Russian President Vladimir Putin rejects peace in Ukraine, ahead of a Friday meeting in Alaska. The talks, billed as a preliminary “feel-out” session, may be followed by a meeting including Ukrainian President Volodymyr Zelenskiy. European leaders stressed Ukraine’s inclusion in any deal, rejecting territorial concessions, while Russia’s recent gains and Putin’s demands for land and NATO withdrawal complicate progress. A Gallup poll shows 69% of Ukrainians want a swift negotiated end without major concessions.
- The S&P 500 Index closed up 20.82 points, or 0.32%, at 6,466.58.
- The Dow Jones Industrial Average closed up 463.66 points, or 1.04%, at 44,922.27.
- The FTSE 100 closed up 17.42 points, or 0.19%, at 9,165.23.
- DAX closed up 160.81 points, or 0.67%, at 24,185.59.
Asian Indexes
Bangladesh and Pakistan are getting lower U.S. import taxes (20% and 19%) because of trade deals, but India faces a higher 25% tax due to its close ties with Russia. This is pushing India to work on a trade deal with the UK and get more involved with the Shanghai Cooperation Organisation (SCO). India’s prime minister plans to visit China, showing better relations after the Ladakh border tensions eased. However, India’s military exercises in the South China Sea with the Philippines have upset China. Meanwhile, Thailand and Cambodia have a shaky peace after recent border fights, though small clashes still happen.
- Nikkei down 1.27%
- Hang Seng up 0.26%
- Kospi down 0.15%
Commodities Market
- WTI crude is trading at $62.86, up 0.35% for the day.
- Brent crude is at $75.86, up 0.36%.
- Gold is up 0.07% and now trading at Rs. 10,043 per gram.
- Silver is flat and now trading at Rs. 1,15,026 per kg.
- Copper is down 0.63% and now trading at Rs. 887.25 per kg.
Results to Watch – August 14
Key companies announcing quarterly earnings on August 14 include Indian Oil Corporation, Amara Raja Energy & Mobility, Ashok Leyland, Glenmark Pharmaceuticals, Vodafone Idea, Patanjali Foods, Hindustan Copper, IRB Infrastructure Developers, and Inox Wind.
Stock to Watch
- Shilpa Medicare: The company has approved the issuance of bonus shares in a 1:1 ratio. This means shareholders will get one extra share for every share they already hold.
- Wipro: Wipro has partnered with Google Cloud to launch agentic AI solutions. The collaboration aims to deliver advanced, AI-driven business tools.
- HEG: HEG has signed an agreement with the Central Road Research Institute. Together, they will develop graphene-enhanced pavements to improve Indian infrastructure.
- Refex Industries: Refex Industries has secured a Rs 47 crore order. The deal is for transporting pond ash from a Maharashtra-based company.
- Firstsource Solutions: Firstsource has teamed up with Guidehealth. The partnership will drive AI-powered innovations for value-based healthcare plans.
- Jain Irrigation: The company won a Rs 135 crore order from Maharashtra State Electricity Distribution. It will install 5,438 off-grid solar water pumps under a government scheme.
- Avenue Supermarts: Avenue Supermarts has opened a new store in Nagpur. This takes its total store count to 428.
- IRCTC: IRCTC has approved the winding-up process of its joint venture, Royale Indian Rail Tours. The move will end the JV’s operations.
- Zydus Lifesciences: Zydus’ Ahmedabad facility passed a USFDA inspection with zero observations. However, its Himachal Pradesh plant received four observations in a separate inspection, none linked to data integrity.
- Samhi Hotels: Samhi Hotels will transfer the business of Hotel Caspia for Rs 65 crore. This is part of its portfolio restructuring.
- RVNL: Rail Vikas Nigam Limited has bagged a Rs 90.6 crore contract from Southern Railway. The project involves installing a video surveillance system.
- L&T Finance: The company has raised Rs 250 crore by issuing 25,000 non-convertible debentures. The funds were raised through a private placement.
- HDFC Bank: HDFC Bank has received RBI’s approval to use its share premium account. This will be for issuing bonus shares to shareholders.
- Infosys: Infosys has partnered with Telstra to form a joint venture for AI-enabled cloud and digital solutions. It will also acquire 75% of Versent Group, Telstra’s digital transformation arm, for AUD 233.25 million.
- Medplus Health: Medplus Health has received a suspension order for a drug licence at one store in Andhra Pradesh. This affects only one outlet’s operations.
- Shriram Finance: A subsidiary of Shriram Finance has not received RBI approval for a primary dealer licence. This limits its entry into certain financial market operations.
- Muthoot Finance: Muthoot Finance will infuse Rs 200 crore into Muthoot HomeFin and Rs 500 crore into Muthoot Money. Both are wholly owned subsidiaries.
- ICICI Bank: ICICI Bank has reduced its minimum balance requirement for new accounts. Urban customers now need Rs 15,000 (down from Rs 50,000), semi-urban Rs 7,500 (down from Rs 25,000), and rural Rs 2,500 (down from Rs 10,000).
- CDSL: CDSL has received SEBI’s nod to set up a separate business unit under CDSL Ventures. This will expand its operations in new market segments.
- Prism Johnson: Prism Johnson has signed a cement supply deal with Jabalpur Cement Industries. This will expand its MP capacity from 1.08 MTPA to 1.38 MTPA by September 2025.
- Thermax: Thermax will acquire a 23% stake in its arm, Thermax Bioenergy Solutions. The investment is valued at Rs 16.7 crore.
Bulk Deal
- Zinka Logistics Solutions: Sands Capital Private Growth II, part of US-based Sands Capital Management, sold 26.29 lakh shares of Zinka Logistics (BlackBuck) at around ₹515.7 each, offloading a 1.46% stake worth ₹135.6 crore.
Written By Fazal Ul Vahab C
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