
India’s equity benchmarks open lower, dragged by Bajaj Finance
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
India’s equity benchmarks open lower, dragged by Bajaj Finance
India’s equity benchmarks opened lower on Friday, dragged down by Bajaj Finance on asset quality concerns. Investors weigh a newly signed trade pact with Britain, which will cut tariffs on goods ranging from textiles to whisky and cars. The market is unlikely to see any major upside until there is clarity on U.S. trade negotiations, analysts said.
July 25 (Reuters) – India’s equity benchmarks opened lower on Friday, dragged down by Bajaj Finance on asset quality concerns, while investors weigh a newly signed trade pact with Britain , which will cut tariffs on goods ranging from textiles to whisky and cars.
Sign up here.
Non-bank lender Bajaj Finance (BJFN.NS) , opens new tab slid 5.1% as multiple brokerages flagged asset quality stress in the MSME segment after the company reported a profit beat in the June quarter. Bajaj Finance was the top Nifty 50 loser.
Meanwhile, although the India-UK agreement should boost sentiment, the market is unlikely to see any major upside until there is clarity on U.S. trade negotiations, analysts said.
Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Sumana Nandy and Sonia Cheema
Our Standards: The Thomson Reuters Trust Principles. , opens new tab