Equity Alert
Mkt likely to fall more Mon on weak Q1 earnings, FII outflows
This story was originally published at 18:25 IST on 25 July 2025
Register to read our real-time news.Informist, Friday, Jul. 25, 2025 Tel +91 (22) 6985-4000
Equity Alert: Market likely to fall more Mon on weak Q1 earnings, FII outflows
MUMBAI--1738 IST--The benchmark indices are expected to fall further Monday as the mostly weak June quarter earnings have put sentiment in the market under strain. The delay in the India-US trade deal also made the market sluggish and selling pressure from foreign investors made domestic investors more cautious, according to analysts.
Foreign institutional investors have sold over INR 115.00 billion worth of Indian equities in the past four sessions. The India-UK free trade agreement failed to provide a push to the stock market despite the many concessions offered by the UK, including zero tariffs on most of India's exports to Britain.
With the Aug. 1 deadline for a deal with the US round the corner, investors are looking for strong indications that the trade deal with the US is happening soon. The India-US trade agreement is making "fantastic" progress, Commerce Minister Piyush Goyal told Reuters Thursday. "We're making fantastic progress with the US, and I do hope we'll be able to conclude a very consequential partnership." However, a Reuters report, quoting sources, said the prospect of an interim trade deal before the deadline had dimmed, as the negotiations remain deadlocked over tariff cuts on key agricultural and dairy products.
Analysts said the Nifty 50 is likely to remain below 25000 points. If it falls below 24800 points, the index could then slide as far as 24400 points. The Nifty 50 index ended 0.9% lower at 24837.00 points. The index hit a one-month low of INR 24806.35 points during the day's trade.
"We have very robust negotiations going on with several countries," including the US, the European Union, New Zealand, Peru, and Chile, Goyal said Thursday in another interview to Bloomberg. Trump's threat to impose additional tariffs on nations buying crude oil from Russia remains an overhang despite the Indian government's optimism on the trade deal with the US. (P. Madhu Kumar)
Equity Alert: Nifty 50 July ends at 9.80-point premium to spot index
MUMBAI--1620 IST--The July futures contract of the Nifty 50 closed at a premium of 9.80 points to the spot index Friday. Open interest in the contract fell 2.7% to 12.70 million, according to provisional data.
--Nifty 50 closed at 24837.00 points, down 225.10 points or 0.9% vs Thu
--Nifty 50 Jul closed at 24846.80 points, down 248.60 points or 1.0% vs Thu
Nifty 50 options, expiring Thu, with maximum change in open interest:
Call: 25000, Put: 24700
Nifty 50 options, expiring Thu, with maximum open interest:
Call: 25000, Put: 24000
(Akash Mandal)
Equity Alert: Indices end at 1-month lows on FII selling, muted earnings growth
MUMBAI--1541 IST--Indices extended initial fall and closed at over one-month lows Friday primarily due to losses in information technology, banking, and financial services stocks. The market saw sharp losses amid selling pressure from foreign investors, muted earnings growth so far for the June quarter, and delay in trade deal between India and the US, analysts said.
Both the Nifty 50 and the Sensex hit their one-month lows at 24806.35 points and 81397.69 points, respectively. They also fell below their psychologically important levels of 25000 and 82000 levels. The Nifty 50 index ended 0.9% lower at 24837 points and the BSE Sensex index was down 0.9% at 81463.09 points. These indices closed in the red for the fourth consecutive week, falling 3% during this period.
Most financial services stocks fell, with Bajaj Finance closing nearly 5% lower and Shriram Finance and IndusInd Bank each ending nearly 3% lower to become the worst hit in the Nifty 50 index. The Nifty Financial Services index was down nearly 1%. The Nifty Media ended nearly 3% lower and the Nifty Energy fell over 2%. Both indices were the worst hit among their peers.
Cipla was the best-performing stock Friday in the Nifty 50 as well as the Nifty Pharma, ending 3% higher after the company reported a slightly higher-than-expected bottom line for the June quarter. SBI Life Insurance Co. closed over 2% higher after the company reported strong earnings for the June quarter.
The Phoenix Mills rose over 5?ter the company posted a growth in its consolidated bottom line for the first time after four quarters. Torrent Pharmaceuticals rose over 2% and was among the best-performing stocks in the Nifty 200 index. Among the laggards in the Nifty 200 index, shares of APL Apollo Tubes declined over 8% after the company cut its volume guidance for 2025-26 (Apr-Mar). (P. Madhu Kumar)
Equity Alert: European markets down; focus on US-EU talks as tariffs loom
MUMBAI--1538 IST--Most European indices were down in early trade after stronger-than-expected US labour market data dampened expectations of an interest rate cut by the US Federal Reserve in the near term. Investors cashed out of highly valued global stocks ahead of a crucial week that includes US President Donald Trump's Aug. 1 deadline for tariffs and key central bank meetings, Reuters reported. This was amid reports that a deal between the US and the European Union was within reach ahead of Aug. 1.
A European Commission spokesperson said Thursday that a deal between the European Union and the US on trade tariffs is "within reach" ahead of Aug. 1, when Trump has threatened to impose a sweeping 30% levy on imports from the bloc, BBC reported. Hopes were raised after European Union diplomats suggested the US had proposed a broad 15% tariff on most European imports.
The pan-European Stoxx 600 was down 0.5%, with all sectors and major bourses in the red. The tariff-sensitive automobile sector led losses after industry giant Volkswagen cut its guidance, warning that US tariffs were eating into profits. At 1524 IST, the UK's FTSE 100 Index was down 0.3% after having risen for six straight sessions. Switzerland's SLI and Germany's DAX Performance-Index were down 0.2% and 0.5%, respectively. France's CAC and Italy's MIB were the only indices in positive territory at the time. Both were up around 0.2%.
Thursday, the European Central Bank held its main interest rate at 2.0% and the deposit rate at 2.15%, as it awaits clarity on Trump's tariffs. This came after the central bank cut interest rates eight times in the last nine months from a high of 4%. Inflation in the eurozone has eased, but the central bank is uncertain how tariffs and an increase in government spending will impact price pressures, Dow Jones Newswires reported.
Among individual stocks, shares of German sportwear brand Puma plunged 18?ter the company reported weaker-than-expected quarterly earnings and cut its full-year guidance, flagging the impact of US trade tariffs.
Following were the levels of major European indices at 1524 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
FTSE 100 Index |
9149.07 |
(-)0.31 |
|
CAC 40 |
7852.27 |
0.23 |
|
MIB INDEX |
40618.13 | 0.25 |
|
DAX PERFORMANCE-INDEX |
24381.61 | (-)0.45 |
|
SLI |
2002.09 |
(-)0.17 |
(Arya S. Biju)
Equity Alert: Cipla near 3-month high; consol PAT slightly above estimate
MUMBAI--1500 IST--Shares of Cipla rose sharply and hit a near three-month high of INR 1,553.70 after the company reported slightly higher-than-expected bottom line for the June quarter. The stock, which was flat before the earnings, rose over 4% intraday. More than 3 million shares of the company changed hands on the bourse so far Friday, nearly four times the 829,000 shares traded during the same period Thursday.
The pharma company's consolidated net profit rose 10% on year to INR 12.98 billion, marginally higher than the consensus estimate of 12.29 billion. Its consolidated revenue increased nearly 4% to INR 69.57 billion but fell short by a slight margin of the expected INR 70.3 billion.
Cipla said it saw continuous traction in key differentiated assets in North America, its key market that accounts for 44% of overall sales. However, revenue from this region fell 10% on year.
Of the 19 research reports available with Informist, 13 broking firms have 'buy' or equivalent rating on the stock with an average target price of INR 1,713, which is 11% higher than the current market price of INR 1,549 at 1437 IST. Three broking firms have a 'hold' view while the remaining three have a 'sell' or equivalent rating. (Anjana Therese Antony)
Equity Alert: Asian markets down on profit sales ahead of US tariff deadline
MUMBAI--1436 IST--Most Asian indices closed lower Friday as investors locked in profits ahead of a crucial week that includes US President Donald Trump's Aug. 1 deadline for tariffs and key central bank meetings. Further, uncertainty over interest-rate cuts by the US Federal Reserve dampened investors' risk appetite. The technical rebound in the dollar after a four-day losing streak also put Asian equities under pressure. Hong Kong's Hang Seng Index was the worst hit in the pack, breaking a five-day winning run to close nearly 1.1% lower. The index was dragged down by a fall in consumer and technology stocks.
Japan's TOPIX slipped 0.9% to close at 2,951.86 points after hitting a record high the previous session. The country's benchmark Nikkei 225 Day also closed 0.9% lower, snapping a two-day rise. Core inflation, which excludes prices of volatile fresh food, in the country's capital Tokyo came in at 2.9% for July, down from 3.1% in June, CNBC reported. The latest print was lower than the 3% expected by a Reuters poll.
Singapore's Straits Times Index also saw profit-taking and was down 0.4%, breaking its 14-session rally. Australia's S&P/ASX 200 fell 0.5% to close at 8,666.9. China's CSI 300 Index slid 0.5% to 4,127.16 points. However, South Korea's KOSPI closed 0.2% higher. South Korea's Industry Ministry Kim Jung-kwan met US Commerce Secretary Howard Lutnick Thursday to discuss trade and bilateral manufacturing cooperation. The countries are expected to reach an agreement on a trade deal by the Aug. 1 deadline.
Following are the levels of key Asian indices at 1428 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4127.16 | (-)53 |
|
Hang Seng Index |
25388.35 | (-)1.09 |
|
Nikkei 225 Day |
41456.23 | (-)0.88 |
|
TOPIX FIRST SECTION |
2951.86 | (-)0.86 |
|
KOSPI |
3196.05 | 0.18 |
|
FTSE Singapore Straits Times |
4258.12 | (-)0.35 |
|
S&P/ASX 200 Index |
8666.9 | (-)0.49 |
(Arya S. Biju)
Equity Alert: Premier Energies falls 2% ahead of Apr-Jun earnings
MUMBAI--1353 IST--Shares of Premier Energies fell as much as 2% ahead of the company's June quarter earnings Saturday. The company is expected to report higher revenue growth in Apr-Jun on the back of its newly inaugurated solar module facility. At 1333 IST, shares of the company traded 1.7% lower at INR 1,083.20 on the NSE.
Kotak Institutional Equities estimates the company will post net sales of INR 18.47 billion for the June quarter, up 11% on year and up 14% over the trailing quarter. The company is expected to report a consolidated net profit of INR 2.87 billion for the latest quarter, up 45% on year and up 4% over the trailing quarter.
"We expect 11% yoy/14% qoq growth led by higher utilization for cell and module facility and marginal contribution from newly operationalized module facility," Kotak said.
Of the three brokerage reports available with Informist, two have a 'buy' rating, with an average target price of INR 1,210 while one has a 'sell' rating. Shares of the company have risen over 1% since May 19 when the company detailed its March quarter earnings. (Arundathi AR)
Equity Alert: Dr Reddy's up 1%; analysts bullish on new drug launch in 2026
MUMBAI--1345 IST--Dr. Reddy's Laboratories on Friday rose over 1% to a high of INR 1,282.80 despite weakness in the overall market. Analysts said the stock is up due to the management's comments regarding its plans to launch GLP-1 segment Semaglutide drug in 2026. The management said the drug will be launched in over 87 countries. The stock has risen for two straight sessions after the company reported its June quarter earnings. At 1323 IST, the stock traded 1.4% higher at INR 1,282.70 on the NSE.
"Even if the company's June quarter results were weak, the stock price is up as the company plans to launch Semaglitude in major countries such as Canada, Brazil, and India, along with 87 other countries," an analyst at a domestic brokerage said. The company is working on getting final approval for the drug and the procedure is in its final stages. The drug is expected to hit most international markets by March, they added.
On the other hand, the company anticipates a fall in sales of Revlimid in the next two quarters. After the high contribution from Revlimid for 14 consecutive quarters, the company booked a significant decline in sales of the product in the June quarter, which reflected in its US sales. Dr. Reddy's North America sales declined by 11% on year in Apr-Jun. (P. Madhu Kumar)
Equity Alert: IEX up 13% as Q1 PAT jumps 21% on year; snaps 7-day losing run
MUMBAI--1320 IST--Shares of Indian Energy Exchange rose 13% Friday to an intraday high of INR 149.40. The company reported robust earnings for the June quarter on the back of a rise in other income and a fall in finance costs. The comapny declared its June quarter earnings after market hours Thursday.
The company's net profit rose 21% on year to INR 1.13 billion and its revenue rose over 13% to INR 1.40 billion. The power trading exchange reposted a 38% rise in other income at INR 425.24 million. On the other hand, its finance costs fell nearly 14% to INR 5.80 million.
On Friday, the stock is up after closing in the red for seven straight sessions. The stock had fallen near 37% over this period. In the initial hour of trade, the stock had hit an upper band of INR 145.55, up 10%. At 1315 IST, shares of the company were at INR 143.99 on the NSE, up 8.8%. The stock was the top gainer in the Nifty 500.
So far Friday, 193.59 million shares of the company have changed hands on the NSE, sharply higher than 34.78 million shares traded during the same period on Thursday.
Of the five brokerage reports available on the stock with Informist, three have a 'buy' rating on the stock, Motilal Oswal Financial Services has a 'neutral' rating, and Nuvama Institutional Equities has a 'reduce' rating. Of the 'buy' recommendations, HDFC Securities has the highest target price of INR 253 on the stock and Religare Broking has the lowest at INR 213. (Simran Rede)
Equity Alert: Authum Investment off lows after falling 20% on large deal
MUMBAI--1216 IST--Shares of Authum Investment & Infrastructure fell nearly 20% to a two-month low of INR 2,266 Friday after a large deal of around 6 million shares, representing over 3% stake, took place on the NSE at a sizeable discount to the stock's closing price Thursday. The total size of the deal was INR 13.30 billion. At 1213 IST, the stock recovered some ground and was trading at INR 2,604.40, down 7.3%.
The deal was executed as soon as the market opened, at a price of INR 2,280 per share, a discount of nearly 19% to Thursday's closing price of INR 2,808.10. According to a report by CNBC-TV18, three large foreign institutional investors and one domestic mutual fund were the buyers in the transaction.
The company also said that Enforcement Directorate officials had initiated an enquiry at its premises Thursday. The issue at hand is "strictly" related to Reliance Commercial Finance Ltd. and Reliance Home Finance Ltd., the company said in an exchange filing.
As of 1213 IST, 6.85 million shares of the company were traded on the NSE, sharply higher than the 4,236 shares traded till the same time Thursday. (Akash Mandal)
Equity Alert: Phoenix Mills up 6%; co posts growth in consol PAT after 4 qtrs
MUMBAI--1130 IST--Shares of Phoenix Mills on Friday snapped their three-day losing run and rose over 6% to an intra-day high of INR 1,542 after the company posted an on-year growth in consolidated net profit for the first time after four quarters. The company's board approved acquiring a 49% stake in its subsidiary Island Star Mall Developers for INR 54.59 billion from Canada Pension Plan Investment Board.
Nuvama Institutional Equities said the stake acquisition will be significantly positive for Phoenix Mills, considering the strong growth potential of the subsidiary. Island Star Mall Developers houses the PMC Bengaluru mall, Indore mall, Mall of Millennium in Pune, and the Mall of Asia in Bengaluru along with allied office and hospitality assets, the broking firm said. "We believe the transaction is positive for PML (Phoenix Mills) considering that it would provide flexibility in cash flow management, potentially improve RoEs (return on equities) and result in strong profit growth."
The company's consolidated net profit for the June quarter rose nearly 4% on year to INR 2.41 billion and net sales grew over 5% to INR 9.53 billion. The company's revenue growth also came in positive after sliding in the previous two quarters.
"Aided by ongoing expansions and tenant churn, we believe PML (Phoenix Mills) can deliver double-digit consumption growth in FY26/FY27," Nuvama said in its research report. Nuvama raised the stock target price for the company to INR 1,944 from INR 1,907 and retained its 'buy' rating. For the reporting quarter, the company reported 12% on-year growth in consumption revenue at its malls to INR 35.9 billion. Its collections were up 4% on year at INR 8.5 billion.
Of the seven research reports available on the company with Informist, four broking firms have a 'buy' or equivalent rating on the stock with an average target price of INR 2,257, which is nearly 48% higher than the spot level of INR 1,528.50 at 1113 IST. Two brokerages have a 'hold' rating on the stock while the remaining one has a 'sell' view. (Anjana Therese Antony)
Equity Alert: APL Apollo dn 6%; co cuts FY26 volume guidance on weak outlook
MUMBAI--1122 IST--Shares of APL Apollo Tubes fell 6% to INR 1,586.50, the lowest level since May 2, after the company cut its volume guidance for 2025-26 (Apr-Mar). At 1120 IST, the stock traded at INR 1,600, down 5.1%, and was the worst hit in the Nifty 200.
The company revised its sales volume guidance downwards to 10-15% from 15-20%, mainly due to a slowdown in demand in the first half of the year. It expects volume growth in FY27 to be higher than in FY26, seeing a rise of more than 15-20% due to improvement in the macroeconomic environment and a revival of consumption in the country. Its June quarter earnings came in below analysts' expectations.
Systematix Institutional Equities downgraded the stock to 'hold' from 'buy' and cut its target price to INR 1,718 from INR 2,034 as "near term outlook has turned cautious on the back of weak demand outlook." IDBI Capital also cut its rating to 'hold from 'buy' and cut the target price to INR 1,825.
Nuvama Institutional Equities maintained a 'buy' rating but cut the target price by 4% to INR 1,941. "APL Apollo Tubes reported mixed Q1FY26 results with EBITDA/ton of INR 4,683 (estimate: INR 4,900) impacted by operating deleverage and a one-off ESOP cost (INR 300/ton)...given the miss on EBITDA/ton and subdued volumes, we are cutting EPS for FY26E, FY27E and FY28E by 4?ch," the brokerage said in a report.
As of 1120 IST, 1.04 million shares of the company were traded on the NSE, sharply higher than the 201,080 shares traded till the same time Thursday. (Akash Mandal)
Equity Alert: Bajaj Fin falls 6% on high credit costs Q1, muted FY26 outlook
MUMBAI--1100 IST--Shares of Bajaj Finance fell 6% to an intraday low of INR 898 after the company reported higher credit costs in the June quarter and provided a muted guidance for 2025-26 (Apr-Mar). Its parent company, Bajaj Finserv, fell 5% to its intraday low ahead of its earnings due later in the day. Both stocks were the worst hit on the Nifty 50. At 1055 IST, shares of Bajaj Finance were down 4.4% at INR 917.20, and those of Bajaj Finserv were down 4.6% at INR 1,939.60.
"Credit cost continues to be elevated in the quarter (at 2%) on account of higher stress in the auto/MSME (micro, small and medium enterprise) portfolio...expect a moderation in FY26, factoring a healthy trend in early-stage delinquencies," Prabhudas Lilladher said on Bajaj Finance. "While we are positive on the growth outlook and execution capability of the management, valuation continues to be rich."
JM Financial noted the cautious guidance provided by Bajaj Finance's management. "Management highlighted slowdown and emerging stress-related concerns in MSME/auto loans leading to slight cautiousness on FY26 AUM growth guidance of 24-25% (Q2 to give more clarity)," the brokerage said. In its post-earnings analyst conference call, Bajaj Finnace had said growth in loan disbursement is expected to be flat or lower on year in FY26.
Global brokerage UBS maintained its 'sell' rating on the stock with a target price of INR 750. The brokerage pointed to increased stress in the MSME segment, and said that bottom line only beat the Street's expectations due to rise in other income. (Akash Mandal)
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 86.51
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Rajeev Pai
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.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
