India’s financial markets wrapped up a turbulent week on August 1, 2025, with benchmark indices posting their fifth consecutive weekly decline—the longest losing streak since August 2023. The downturn was fueled by a combination of weak earnings, foreign investor outflows, and escalating trade tensions, particularly with the United States. Meanwhile, the Indian rupee weakened sharply, closing at its lowest level this fiscal year. Market Snapshot IndexWeekly ChangeClosing ValueSensex-1.05%80,599.91Nifty 50-1.09%24,565.35Nifty Bank-2.0%55,618Nifty Midcap-2.0%56,637BSE Smallcap-2.47%— More than 35
Read More
India’s Goods and Services Tax (GST) collection for July 2025 reached ₹1.96 trillion, marking a 7.5% year-on-year increase, according to official data released by the Finance Ministry. While this reflects a healthy uptick in gross revenue, the surge in refunds has tempered net growth, prompting renewed discussions around tax rate rationalization and structural reforms. Key Highlights Gross GST Collection: ₹1.96 trillion in July 2025 Year-on-Year Growth: 7.5% compared to ₹1.82 trillion in July 2024 Net
Read More
Wall Street was rattled on Friday, August 1st, as a combination of disappointing employment data and sweeping new tariffs triggered the biggest single-day market decline since May. Investors were caught off guard by signs of a cooling labor market and escalating trade tensions, prompting a swift retreat from riskier assets. What Sparked the Sell-Off? Two major catalysts converged to shake investor confidence: Weak Hiring Numbers The U.S. added just 73,000 jobs in July, far below
Read More
01August
Market Wrap: Sensex Sinks 586 Points, Nifty Slips Below 24,600; Tata Steel & Maruti Lead Declines
Indian equity benchmarks witnessed a sharp correction on Thursday, with the Sensex plunging 586 points and the Nifty closing below the 24,600 mark, as investors booked profits amid global uncertainty and sectoral weakness. Heavyweights like Tata Steel and Maruti Suzuki led the decline, each shedding over 3%. Key Indices Performance IndexClosing LevelChange% ChangeBSE Sensex81,148.22-586 pts-0.72%NSE Nifty 5024,578.35-346 pts-1.39% Market Capitalization Loss: ₹2.3 lakh crore wiped off BSE-listed firms India VIX: Fell 1.04% to 18.20, indicating
Read More
In a case that’s rapidly becoming a benchmark for cross-border regulatory friction, Jane Street Group LLC, a global proprietary trading firm headquartered in the US, is under scrutiny by the Indian Income Tax Department for alleged non-compliance and data obstruction. The investigation, which follows earlier action by SEBI, has hit a wall due to the firm’s offshore infrastructure and limited cooperation. Key Issues Identified Servers Hosted Abroad: Jane Street’s primary data servers are located outside
Read More
