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Informist, Monday, Jul. 21, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian mkt up except Nikkei, S&P ASX; FTSE Singapore up 11th day

 

MUMBAI--0840 IST--Asian indices were up Monday, except for those of Japan and Australia. Japanese market fell after the ruling coalition under Prime Minister Shigeru Ishiba lost control of the upper house in an election Sunday. Meanwhile, indices in China were up after People's Bank of China held its key prime loan rates steady.

 

At 0808 IST, Japan's Nikkei 225 and Topix were down 0.2?ch. In Japan, the ruling coalition needed 50 seats to retain control of the 248-seat upper chamber but with just one seat left to be announced, the coalition was on 47, Japan's public broadcaster NHK reported. However, Prime Minister Ishiba said he has no plans to quit.

 

China's CSI 300 and Hong Kong's Hang Seng were up 0.3% and 0.6%, respectively. China kept its benchmark lending rates steady Monday as it continues to struggle with weak consumer sentiment and softening growth. The People's Bank of China held the one-year loan prime rate at 3.0% and the five-year rate at 3.5%, CNBC reported.  Others such as South Korea's Kospi was up 0.4%. The FTSE Singapore Straits Times gained for the eleventh consecutive session and was up 0.7%. 

Meanwhile, in the Pacific, Australia's S&P ASX 200 was down nearly 1% in early trade. The index fell ahead minutes of Reserve Bank of Australia's July meeting release which is due Tuesday.

 

Following are the levels of key Asian indices at 0808 IST: 

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4075.1795	0.41
Hang Seng Index	24964.90	0.56
Nikkei 225 Day	39819.11	(-)0.21
TOPIX FIRST SECTION	2834.48	(-)0.19
KOSPI	3201.48	0.42
FTSE Singapore Straits Times	4218.92	0.70
S&P/ASX 200 Index	8669.10	(-)1.01

 

(Gopika Balasubramanium)

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Equity Alert: Mkt seen down; RIL, ICICI Bank, HDFC Bank in focus post Q1 results

 

MUMBAI--0825 IST--Benchmark indices are likely to open lower Monday, with index heavyweights HDFC Bank and ICICI Bank seen weaker. Reliance Industries will also be in focus as it reported earnings after close of trading session Friday. The Nifty 50 may fall more as the index ended below its crucial support of 25000 points on Friday.

 

Analysts expect the 50-stock index to remain weak near term in view of the weak start to June quarter earnings, with volatility expected due to stock-specific reactions. The July contract of the GIFT Nifty also hints at a weak start for the market. At 0808 IST, the contract was at 24994.50 points, down 0.1% from its previous close. On Friday, the Nifty 50 ended at 24968.40 points, down 143.05 points or 0.6%. The index fell below 25000 points intraday for the first time since Jun. 24. The BSE Sensex had closed at 81757.73 points, down 501.51 points or 0.6%.

 

Indices in the US ended flattish Friday amid subdued trade after hitting record highs in the previous session. The Nasdaq Composite and the S&P 500 ended broadly flat, while the Dow Jones Industrial Average closed slightly lower. The indices recovered after having dipped midway through the session on reports that US President Donald Trump was pushing for steep 15-20% tariffs in a deal with the European Union.

 

Investors also assessed a host of mixed economic data. Retail sales in the US rose 0.6% in June, higher than the 0.1% rise expected by Reuters. Jobless claims fell by 7,000 to a seasonally adjusted 221,000 for the week ended Jul. 12, the lowest level since April. However, consumer prices rose 0.3% last month, the largest gain since January. Indices in Asia were mixed in early trade Monday.  (Akash Mandal)

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Equity Alert: US indices end largely flat Friday; cryptocurrency stocks gain

 

MUMBAI--0741 IST--US indices closed largely unchanged on Friday, recovering from a brief fall after Financial Times reported the US president is pushing for new steeper tariffs on products from the European Union. Gains were also limited after indices touched record highs during the week, as investors were less influenced by President Donald Trump's tariff policies and confident that his policies may not damage the US economy as severely as anticipated.

 

"People are a little tired of trying to trade tariff headlines or deadlines, and people are more concerned with seeing the proof of this come to fruition through numbers," Greg Boutle, head of US equity and derivatives strategy at BNP Paribas, was quoted as saying by Reuters. A slew of economic data for June released during the week--robust retail sales, a rise in consumer inflation, and flat producer prices--gave mixed signals.

 

The S&P 500 and Nasdaq Composite ended flat, while the Dow Jones Industrial Average closed 0.3% lower. On a week-on-week basis, the S&P 500 gained 0.6%, the Nasdaq rose 1.5%, while the Dow Jones made slight losses. On Friday, cryptocurrency stocks were up after the US House of Representatives passed a bill that would develop a regulatory framework for cryptocurrencies. Shares of Robinhood Markets and Coinbase Global ended up 4.1% and 2.2%, respectively.

 

Some companies also reacted to their June quarter earnings. Of the 59 S&P 500 companies to report second-quarter earnings this season, 81.4% have exceeded Wall Street's earnings expectations, Reuters reported, citing data from LSEG. Charles Schwab ended 2.9% higher after posting higher profits and Regions Financial ended 6.1% higher after its management raised forecasts for 2025 interest income.

 

Following are the closing levels of US indices Friday: 

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	44342.19	(-)0.32
NASDAQ Composite	20895.665	0.05
S&P 500	6296.79	(-)0.01

 

(Gopika Balasubramanium)

 

End

 

US$1 = INR 85.14

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Ashish Shirke

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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