What Led to the Market Fall Today? Crude OIl & USDINR big Update | Alok Jain

[00:00:02]So, we are back at $95 on crude oil.

[00:00:06]And USD INR is rapidly gaining.

[00:00:10]Uh very close to in fact at new weekly monthly highs.

[00:00:15]Uh and this is a deadly combo, you know, increasing oil prices at this space and falling rupee uh is a deadly combo for our economy and the markets are taking cognizance of that again.

[00:00:27]Um and there seems to be no letup at the war front. So, maybe the government is going to increase its Russian crude oil imports.

[00:00:37]Um but again, the US is not very happy with that. And a lot of uh sort of back-end pulls and push kind of situations are happening wherein threats of additional tariffs Canada has now received a threat of 50%. All other countries may again uh witness a 10% or more tariff in the coming days. So, again, the uncertainty the indecisiveness uh is back uh in in the markets and the markets took it on the chin today.

[00:01:05]Let's see the charts for the day, 22nd of July. Uh do read the disclaimer.

[00:01:10]Nifty falling 0.79%.

[00:01:13]So, the stability that we had for the last 7-8 days somewhat has given away.

[00:01:19]And we are now down to about a 8-day low uh on the Nifty. We are still hanging on to about 24,000. We've closed at 23,996.

[00:01:28]Not too bad.

[00:01:29]But yeah, I mean, this is a complete red day wherein Nifty Next 50 down 0.6%, mid-cap small-caps down 1 and 1.3%. Bank Nifty also smashed down 1. 2%. So, no place to hide for the day. You can see the heat map is completely red.

[00:01:46]Another day of private bank selling. HDFC Bank has been losing on a daily basis. ICICI and SBI also losing today. Reliance down today. And you also saw some pharma stocks, cement stocks, auto stocks. Only Bajaj Auto and Nestle sort of stood out in the Nifty. While the Nifty Next 50 saw some smash down in Adani stocks, uh some smash down in real estate stocks, TVS Motor and Bosch were the outstanding stocks in this space.

[00:02:16]Top gainers include Data Patterns plus 12% Mahindra Mahindra Financial second day in the running plus 8% uh post results. Bajaj Auto also post results 5.7%. CRISIL up 4.4% post results.

[00:02:30]Chennai Petro up 4%. Bandhan Bank biggest loser in the private banking space minus 17% single day post results.

[00:02:39]Oracle Financial Services minus 7%. PG Electroplast minus 6%.

[00:02:44]Ola Electric and Saregama also two big losers of minus 5% each. Within the sectoral theme, some really big uh down moves in media at 2.68%. Real estate at 2.6% negative. So, uh whatever gain we had in real estate last 1 week has been gone. Minus 1.3% now real estate. But, the month still looks good. So, people have taken away whatever profits that they were having in real estate, and profit booking has come in. PSU banks down 1.8%.

[00:03:15]Tourism, IT, private banks, pharma all losing 1 to 1.5%. What was the sole winner today? FMCG on the back of Nestle, I guess. 0.65%.

[00:03:26]Autos managing a flat day uh along with central PSEs and MNC stocks and consumption stocks. These were the ones which were spared for the day.

[00:03:37]Real estate brigade, Godrej Properties, DLF, Lodha, Prestige, everything was down. You can see real estate has had a good run since mid of June, and that's where most of the profits were uh in many portfolios. Media stocks smashed down. Tips, Saregama, Network 18, Zee Entertainment, Hathaway Cables, all down. Media stocks also have been doing well since beginning of July.

[00:04:04]US markets previous day session, good session there. Nasdaq up almost 2%.

[00:04:10]So, this extremely volatile chip manufacturing space wherein you know 30% volatility is is being seen in days. So, several stocks which were down 30 35% from the top are now back moving up once again. So, S&P 500 up 0.9% Dow Jones 0.75% Nasdaq almost 2% and Russell also 1.5%.

[00:04:35]If we see the Nasdaq 100 top gainers, big gainers, Nubian Group, SanDisk, Western Digital, Micron Technology which was smashed down recently, Teradyne, all up in double digits and very nicely up.

[00:04:48]Thomson Reuters, Workday, CrowdStrike, Automatic Data Processing and Roper Technologies are some mild losers. Some of these stocks could be part of the Weekend Investing US Stock Strategy.

[00:04:59]And here we see the Nasdaq 100 heat map.

[00:05:01]You can see again Intel, AMD, ARM, ASML, MU, all jumping up big. So, these speculators are not leaving this particular space.

[00:05:11]And again you can see the biggies like Walmart, Amazon, Google, Microsoft, all losing some ground, but the action is concentrated once again in this space of semiconductor stocks and AI stocks.

[00:05:26]Tweet of the Day segment is President Trump is saying that he's going to impose a 100% tariff on generic drugs being brought into the US beginning August of 2028. So, at least for the first time he has given a 2-year notice on pharma generics.

[00:05:44]And the tariff will go to 200% August 2029.

[00:05:48]Uh so that's 3-year notice on that.

[00:05:51]Uh many of the pharma stocks took it on [snorts] the chin, Lupin PPL Pharma, Ajanta Pharma, uh Aurobindo Pharma, and uh several of these companies probably will create more capacities in the US or if they don't have plants, they will set up plants so as to avoid uh this tariff on generic drugs. A lot of the generic drugs that we make go to the US, and certainly these companies cannot afford to have 100% or 200% tariff imposed on them. So that's a uh and pharma stocks are doing quite well. The pharma index was at a recent high. So now this is good likely to be dampening the spirits there, while you know, the date is still very quite far away. So perhaps uh there is no immediate dire consequences, but this will be a sword hanging on the pharma's neck.

[00:06:41]Up next is another video on why this is a great opportunity to invest in gold.

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