Equity Alert
SBI Life rises 3% on better Q1 results, top gainer on Nifty 50
This story was originally published at 10:49 IST on 25 July 2025
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Equity Alert: Equity Alert: SBI Life rises 3% on better Q1 results, top gainer on Nifty 50
MUMBAI--1021 IST--Shares of SBI Life Insurance Co. rose 3% to a high of INR 1,847 and the stock was the top gainer among the only seven stocks in the green on the Nifty 50. Brokerages were largely positive on the insurer's June quarter performance and no rating downgrades were done. The insurer's net profit for the June quarter saw an on-year rise in low teens, even as it fell sharply on a quarter-on-quarter basis. The net premium income of the life insurance company in the reporting quarter also saw significant on-year growth.
At 1021 IST, shares of the company traded at INR 1,830, up 2%. More than 824,700 shares were traded so far, higher than 63,800 shares traded during the same time Thursday. The life insurance company posted a net profit of INR 5.94 billion in the June quarter, up 14.4% on year but down 26.9% on quarter. The net premium income of the company rose nearly 14% on year to INR 171.79 billion but fell a whopping 28% on quarter.
Brokerages were bullish on improvement in the group's annual premium equivalent and value of new business. However, the individual annual premium equivalent rose 6.4% on year and Nuvama Institutional Equities sees the growth muted. The brokerage raised the target price of the stock by 7% to INR 2,250 and maintained 'buy' rating. Brokerages like JM Financial and Emkay Global Financial Services also maintained their 'buy' rating. JM Financial raised its target price by 25% to INR 2,222 while Emkay Global kept it unchanged at INR 2,166. (Gopika Balasubramanium)
Equity Alert: Domestic indices open lower on losses in fincl svcs, IT stocks
MUMBAI—1005 IST--Benchmark indices opened lower Friday, dragged down by losses in financial services, information technology, and some automobile stocks. The market likely shrugged off India's much-awaited free trade agreement with the UK. Under the deal, 100% of India's exports to the UK will be duty-free access. Also, India has committed to cut duty on 90% tariff lines while the UK would slash duty on 99% tariff lines. The June quarter earnings seasons also failed to provide enough cues in favour of the bulls.
At 1003 IST, the Nifty 50 index was down 0.5% at 24928.90 points and the BSE Sensex index was down 0.5% at 81814.75 points. Key supports of Nifty 50 at 25000 points and Sensex at 82000 points were breached after three sessions.
Bajaj Finance was down over 5% and was the biggest laggard in the 50-stock index after the company's June quarter results. Bajaj Finserv fell over 4% ahead of its earnings, due later in the day. Shares of Bajaj Auto fell over 2%.
On the other hand, SBI Life Insurance Co. rose over 2?ter the company reported strong earnings for the June quarter. The management said it is confident about achieving a value-of-new-business margin of 26-28% for 2025-26 (Apr-Mar). The Phoenix Mills was the biggest gainer in the Nifty 200 index, rising nearly 5?ter the company posted strong earnings for the June quarter.
Among the stocks making big moves in the Nifty 500 index, Authum Investment & Infrastructure fell over 13?ter the Enforcement directorate started enquiry at the company's premises regarding an issue "strictly" related to Reliance Commercial Finance and Reliance Home Finance. KFin Technologies fell over 7% and was among the major laggards in the Nifty 500 index.
Indian Energy Exchange rose nearly 12?ter declining sharply in the previous session. Anant Raj and Trident rose over 6?ch and both stocks were among the biggest gainers in the Nifty 500 index. (P. Madhu Kumar)
Equity Alert: Asian mkts dn as US-Japan trade deal enthusiasm fades; Kospi up
MUMBAI--0820 IST--Most Asian indices traded lower Friday as enthusiasm over the trade deal between the US and Japan wore off. Japanese indices were among the worst-hit in early trade, after having gained over 5% in the last two sessions. Hong Kong's Hang Seng index also declined, dragged down by technology stocks. Bucking the trend, South Korea's Kospi was a tad higher.
At 0821 IST, Japan's Nikkei 225 was 0.6% lower at 41570.24 points and the Topix was down 0.6% at 2958.77 points. These indices had risen sharply in the last two sessions buoyed by the US-Japan trade deal. Core inflation, which excludes prices of volatile fresh food, in Japan's capital Tokyo came in at 2.9% for July, softening from 3.1% growth in June, CNBC reported. The latest print was lower than the 3% expected by a Reuters poll.
Among other indices, China's CSI 300 index was down 0.3% and Hong Kong's Hang Seng was down 0.6%. Indices in Australia and Singapore were also in the negative territory with S&P ASX 200 and FTSE Singapore Straits Times falling 0.4?ch. South Korea's Kospi was 0.3% higher in early trade.
Following are the levels of key Asian indices at 0821 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4137.7603 | (-)0.27 |
|
Hang Seng Index |
25521.45 | (-)0.57 |
|
Nikkei 225 Day |
41570.24 | (-)0.61 |
|
TOPIX FIRST SECTION |
2958.77 | (-)0.63 |
|
KOSPI |
3201.4 | 0.34 |
|
FTSE Singapore Straits Times |
4256.96 | (-)0.38 |
|
S&P/ASX 200 Index |
8664 | (-)0.52 |
(Gopika Balasubramanium)
Equity Alert: Indices seen in range; Nifty 50 near crucial support of 25000
MUMBAI--0809 IST--Benchmark indices are likely to stay in range after a positive start Friday, with stock-specific movements expected to take place. Analysts do not expect a free-trade agreement between India and the UK to have a major impact in the market as it has already been priced in. The Nifty 50 is likely to move in a range of 25000-25250 points. The market will now eye the earnings of Bajaj Finserv, Shriram Finance, and Cipla, due later in the day
Investors would also be eyeing if the 50-stock index could sustain above its crucial support of 25000 points as analysts expect the index to fall further if it falls below the level. Futures data Thursday also highlighted the same as traders bought out-of-the-money put options above the 24300 strike prices with the highest open interest addition at the 24800 strike price.
The July contract of the GIFT Nifty indicated a flat to positive start for the Nifty 50. At 0759 IST, the contract was at 24991.50 points on the NSE, up 23.50 points from its previous close. On Thursday, the Nifty 50 had closed at 25062.10 points, down 157.80 points or 0.6%. The BSE Sensex had ended at 82184.17 points, down 542.47 points or 0.7%.
Overnight, indices in the US ended mixed with the S&P 500 and the Nasdaq Composite closing the session at record highs as robust earnings by Alphabet buoyed other heavyweight technology stocks. Most Asian indices were lower in early trade Friday as uncertainty over interest-rate cuts by the Federal Reserve curbed risk appetite. (Akash Mandal)
Equity Alert: S&P 500, Nasdaq end at record highs Thu; Tesla result a dismay
MUMBAI--0745 IST--The S&P 500 and Nasdaq Composite closed at record highs Thursday on gains in blue-chip technology stocks. However, the Dow Jones Industrial Average closed lower. With the Apr-Jun earnings in full swing, investors continue to gauge the performance of these companies and see whether the US president-induced tariffs seeped into the businesses. Tesla fell sharply as its results failed to enthuse the Wall Street.
"Investors are feeling optimistic about trade negotiations, about the economy, the trend in inflation, as well as the better-than-expected Q2 (Apr-Jun) earnings reports," Sam Stovall, chief investment strategist at CFRA Research, was quoted as saying by Reuters. The recent trade deal between the US and Japan indicates the US is willing to settle with import duties near to 15% or some more with other countries which are currently under negotiation. There were also reports that the US and European Union are close to a trade deal similar to that with Japan.
The S&P 500 closed 0.1% higher at 6363.35 points and the technology-heavy Nasdaq gained 0.2% to close at 21057.96 points, notching their respective historic closing highs. The Dow Jones Industrial Average closed at 44693.91 points, down 0.7%.
On the earnings front, Alphabet rose 1% as its results boosted confidence that heavy investment in a race to dominate artificial intelligence technology is paying off. Shares of Microsoft, Nvidia, and Amazon were each over 1% higher. Meanwhile, Tesla plunged 8.2?ter Chief Executive Officer Elon Musk warned of a "few rough quarters" as the US government cut support for electric vehicle makers, Reuters reported.
Market participants also kept an eye on US President Donald Trump's planned visit to the Federal Reserve's headquarters on Thursday, after months of the president criticising Fed Chair Jerome Powell for interest rates that the president sees as too high. While the Fed is widely expected to keep the rates steady at next week's meeting, traders see a 60% chance of a rate cut in September, CME's FedWatch tool showed.
Following are the closing levels of US indices Thursday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44693.91 | (-)0.70 |
| NASDAQ Composite | 21057.96 | 0.18 |
| S&P 500 | 6363.35 | 0.07 |
(Gopika Balasubramanium)
End
US$1 = INR 86.52
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
All prices from National Stock Exchange, unless otherwise specified.
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