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Informist, Monday, Aug. 25, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Nifty 50 Aug ends at 24.45-point premium to spot index

MUMBAI--1554 IST--The August futures contract of the Nifty 50 closed at a premium of 24.45 points to the spot index Monday. Open interest in the contract fell rose 5% to 14.85 million, according to provisional data.

--Nifty 50 closed at 24967.75 points, up 97.65 points or 0.4% vs Fri
--Nifty 50 Aug closed at 24992.20 points, up 94 points or 0.4% vs Thu

Nifty 50 options, expiring Aug. 28, with maximum change in open interest:

Call: 25500, Put: 25000

Nifty 50 options, expiring Aug. 28, with maximum open interest:

Call: 25000, Put: 25000

(Akash Mandal)

Equity Alert: Asian indices end higher on Powell's dovish rate cut comments

MUMBAI--1530 IST--All Asian indices ended higher Monday with China and Hong Kong leading gains in the region. China's CSI 300 and Hong Kong's Hang Seng ended 2% higher. Sentiment in the region was buoyed by US Federal Reserve chief Jerome Powell's dovish comments regarding further rate cuts in the US.

Chinese property stocks listed in Hong Kong rallied after China eased homebuying rules for eligible families. China Vanke, Longfor Group, and New World Development ended 5-10% higher. Hang Seng came close to a four-year high, with gains led by technology stocks. The Hang Seng Tech index rose over 3% with Nio and ASMPT rising 15% and 8%, respectively.

Singapore's July inflation came in at 0.6%, lower than 0.7% forecast by economists polled by Reuters and 0.8% seen in June. The FTSE Singapore Straits Times closed 0.1% higher.

Following were the levels of key Asian indices at 1530 IST:

(Akash Mandal)

Equity Alert: Most European indices retreat after rally on Powell's speech

MUMBAI--1430 IST--Most European indices fell in early trade Monday, after coming close to record highs in the previous session on optimism around US monetary policy easing boosted by the dovish comments by the US Federal Reserve Chair Jerome Powell during his speech at the Jackson Hole Symposium. Powell Friday hinted at a possible interest rate cut next month, citing rising risks to the job market.

The pan-European STOXX 600 index was down 0.3% in early trade, with regional indexes largely trading in negative territory. At 1416 IST, Germany's DAX and France CAC 40 were down 0.5% and 0.6%, respectively. On the other hand, Italy's MIB was up around 0.2%. UK markets were closed Monday for a public holiday. 

Denmark's Orsted slumped over 15% and was the biggest drag in the STOXX 600 index after US President Donald Trump's administration ordered the company to stop far-advanced construction on an offshore wind project near Rhode Island. Other renewable energy firms, including Vestas Wind and Siemens Energy, fell 3.2% and 2%, respectively. Meanwhile, shares of JDE Peet's jumped as high as 17% after US beverage company Keurig Dr Pepper said that it would buy the Dutch coffee company for 15.7 billion euros or $18.4 billion.

Following were the levels of major European indices at 1416 IST:

(Arya S. Biju)

Equity Alert: Ola Electric rises 5% on policy talks to push EV motorcycles

MUMBAI--1345 IST--Shares of Ola Electric Mobility rose nearly 5% intraday to INR 49.40 following reports that NITI Aayog convened a high-level meeting with top two-wheeler manufacturers to push for electric motorcycles. The public policy think tank has called a meeting Monday with two-wheeler makers, including Hero MotoCorp, Bajaj Auto, TVS Motor, Ola Electric, Ather, and Revolt, The Hindu BusinessLine reported Sunday. 

The meeting is expected to focus on strategies to give India a competitive edge in electric motorcycles, including reducing costs through economies of scale, new financing models, and battery swapping. While electric scooters have gained momentum — capturing around 15% of the market — electric motorcycles remain a niche segment, with just 0.1% penetration. Internal combustion engine motorcycles make up nearly two-thirds of the country's two-wheeler market, the newspaper reported. Currently, only a handful of companies, including Ola Electric, Matter, Revolt Motors, and Oben Electric, manufacture electric motorcycles in India, the report said.

At 1326 IST, Ola Electric pared some of its early gains and traded over 3% higher at INR 48.83 on the National Stock Exchange. Till this time, around 190 million shares of the company changed hands on the bourse, lower than the 208.8 million shares traded till the same time Friday.  (Arya S. Biju)

Equity Alert: Market rises more, IT stocks extend gains, Nifty IT at 1-month high

MUMBAI--1330 IST--The domestic indices rose further after major information technology stocks extended their gains. The rise in IT stocks comes after US Federal Reserve Chair Jerome Powell Friday hinted at a rate cut at the next US Federal Open Market Committee meeting in September. At 1327 IST the Nifty 50 was up 0.5% at 24988.55 points and the BSE Sensex was up 0.5% at 81707.22 points.

Infosys and Tata Consultancy Services rose over 3% each to be the biggest winners among Nifty 50 stocks. HCL Technologies and Wipro rose nearly 3%. Both stocks had declined over the previous two sessions. Nestle India and Asian Paints were the worst performers in the 50-stock index, declining around 1% each. Apollo Hospitals Enterprises declined 0.8% and was among the big losers in the index.

The Nifty IT index surged nearly 3% to touch a one-month high of 36445.30 points, with all its constituents up, to be the biggest gainer among sectoral indices. The Nifty Realty rose over 1% after having declined in the previous session. "Given strong launch pipelines, market share gains, and rate cuts by the RBI, we reckon the sales momentum shall be healthy for organised developers," Nuvama Institutional Equities said in a report on the real-estate sector Monday. Earlier this month, the brokerage had said it expects the launch pipeline in the sector for the rest of the financial year 2025-26 (Apr-Mar) to remain strong, helping to sustain the momentum in bookings going ahead. The Nifty Media index fell nearly 2% and was the only sectoral index in the red.

Vodafone Idea rose over 7%, gaining for the second straight session. The stock has risen after media reports that the Prime Minister's Office is considering a relief package for the financially troubled telecom operator. The stock was the biggest gainer in the Nifty 200 index. Jubilant Foodworks and Hyundai Motor India rose around 5% each. Ola Electric Mobility was up over 3% after media reports of a high-level meeting convened by the NITI Aayog with top two-wheeler manufacturers to accelerate the adoption of electric motorcycles in the country.  (P. Madhu Kumar)

Equity Alert: Divi's Labs up over 2%; Jefferies upgrades to 'buy' from 'hold'

MUMBAI--1245 IST--Shares of Divi's Laboratories rose 2.6%, reaching an intraday high of INR 6,314.50, its highest level since Aug. 6. The stock was up for the third consecutive session, rising 5% during this period. However, it came off highs later in the day, and at 1230 IST, the stock was trading 1.5% higher at INR 6,241.50.

Global brokerage Jefferies upgraded the stock to 'buy' from 'hold', according to a post by ET Now on X. It also raised the target price by nearly 6% to INR 7,150. The brokerage believes Divi's has the best GLP-1 or glucagon-like peptide-1 pipeline among Indian contract research, development, and manufacturing organisations.

The brokerage sees the company to be a key candidate to benefit from the China Plus One strategy. The China Plus One strategy is a global business trend where companies diversify their manufacturing and supply chains by adding alternative investing locations outside China, rather than solely relying on the Asian country. 

The company's generic division is seen showing some growth.  New launches in generics are expected to drive growth recovery, leading to a 14% compounded annual growth rate in sales and a 20% compounded annual growth rate in earnings before interest, tax, depreciation, and amortisation from 2024-25 (Apr-Mar) to FY28, the brokerage said.

Of the 14 reports from the brokerages available on the stock with Informist, seven have a 'buy' or equivalent rating on the stock, two have a 'hold' or equivalent rating, and five have a 'sell' or equivalent rating. The 'buy' recommendations have an average target price of INR 6,473, which implies an over 5% upside to Friday's close.  (Simran Rede)

Equity Alert: IT stocks surge as Powell's speech boosts rate cut hopes

MUMBAI--1051 IST--Information technology stocks surged as sentiment in the sector improved after US Federal Reserve Chair Jerome Powell hinted at a rate cut in September in his speect at the Jackson Hole Symposium. Wipro, Tata Consultancy Services, Infosys, HCL Technologies, and Tech Mahindra were up 2-3%. At 1035 IST, the Nifty IT was 2.2% higher at 36221.20 points.

"...with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said in his speech at Jackson Hole. Post the speech, the probability of a 25-basis point rate cut by the Fed in September rose to around 90% from 75% a day ago, according to the CME Fedwatch tool. A rate cut would help improve discretionary spending by US companies amid tariff-related uncertainty, which would aid the earnings of Indian IT players. 

The slowdown in earnings of Indian IT companies is likely due to macroeconomic concerns and should be resolved by events such as a rate cut, NDTV Profit had cited Citi as saying in a report last week. Apart from this, JP Morgan upgraded its rating on TCS over the weekend to 'overweight' from 'neutral' and raised the target price by 4% to INR 3,800 as a margin recovery is expected for the company, NDTV Profit reported. The brokerage said the IT major's earnings have bottomed out, and an aspirational margin of 24-26% looks achievable.  (Akash Mandal)

Equity Alert: Reliance Power falls 5% to hit lower circuit at INR 46.46

MUMBAI--1022 IST--Reliance Power fell 5% to hit a lower circuit of INR 46.46 on Monday and was the weakest among Nifty 500 constituents. The stock had halted trading since then. The stock fell despite the company informing exchanges that Bank of India classifying Reliance Communications' loan accounts, promoter Anil Dhirajlal Ambani, and director Manjari Ashok Kacker as "fraud," has no material impact on Reliance Power. 

The company is a separate and independent listed entity with no business or financial linkage to Reliance Communications. Reliance Power continue to focus on its business plans and remains committed to creating value for all stakeholders, the company said in a statement.

In July, the Enforcement Directorate had searched 35 premises linked to nearly 50 companies and 25 individuals, several media reports had said. The government body had alleged that Reliance Infrastructure diverted funds to other Reliance group entities under the guise of inter-corporate deposits. The agency has also raised questions about several banks staying quiet about loan defaults by the group companies. 

The stock is down for the second straight session, after having gained 15% during the previous three sessions. On Monday, 4.20 million shares of the company were traded on the NSE, lower than 13.41 million shares traded for the full time Friday.  (Gopika Balasubramanium)

Equity Alert: Indices open higher as IT stocks gain on Fed rate cut hopes

MUMBAI--0930 IST--Domestic benchmark indices opened higher after the sharp losses suffered Friday. Information technology stocks such as Infosys, Wipro, Tech Mahindra, and Tata Consultancy Services were up 2-3% and led the gains on the Nifty 50. However, heavyweights such as ICICI Bank and Bharti Airtel were in the red and capped the gains.

At 0928 IST, the Nifty 50 was at 24942.45 points, up 72.35 points or 0.3%, and the BSE Sensex was at 81562.40 points, up 255.255 points or 0.3%. Most stocks in the Nifty 50 were in the positive territory, and gains were broad-based with most sectoral indices gaining.

The Nifty IT was up nearly 2%, with all constituents trading higher. Sentiment in the sector was boosted after US Federal Reserve Chair Jerome Powell in his speech at the Jackson Hole Symposium hinted at the possibility of a rate cut in September. All broader market indices also gained. The Nifty India Defence was up nearly 1%.

Among other stocks, YES Bank was up over 2% and was among the top gainers on the Nifty 200 after the Reserve Bank of India approved Sumitomo Mitsui Banking Corp.'s proposal to acquire up to 24.99% stake in the private lender. Reliance Power hit a 5% lower band at INR 46.46 after its former chairman Anil Ambani's loan account was classified as fraud by Bank of India. The fall came despite the company clarifying that the bank's action will not have any bearing on its operations.  (Akash Mandal)

Equity Alert: Seen flat to higher; Nifty 50 may recover to 25000 near term

MUMBAI--0815 IST--Benchmark indices may recover after a slow start Monday in a holiday-truncated week, analysts said. The Nifty 50 may recover above the 25000 level near term, but further upside is seen capped with 25250-25300 points seen as a major hurdle. On Monday, the 50-stock index is likely to move in a range of 24750-25000 points. 

"The resurgence of call writing at higher levels (in the Nifty 50 options chain), coupled with put unwinding at key strikes, adds weight to a near-term weak structure...unless the index (Nifty 50) moves above 25150, upside momentum will remain restricted," Dhupesh Dhameja, derivatives research analyst, SAMCO Securities, said in a note. "Holding above the make-or-break 24800 mark is essential to avert further downside." 

The Nifty 50 derivatives contracts suggest a flat to slightly higher start for the market. At 0806 IST, the GIFT Nifty 50's August contract was at 24950 points, 47.50 points lower than its previous close but higher than Friday's close of the spot market. The September contract was at 25088.50 points, lower by 46.50 points from its previous close, suggesting it may cross 25000 level in near term. On Friday, the Nifty 50 had closed at 24870.10, down 213.65 points or 0.9%. The BSE Sensex had ended the session at 81306.85 points, down 693.86 points or 0.9%.

Indices in the US surged Friday, with the Dow Jones Industrial Average notching a fresh high, after US Federal Reserve Chair Jerome Powell signalled a rate cut in September in his speech at the Jackson Hole Symposium.  All Asian markets were also higher in early trade Monday, tracking the overnight gains in the US.  (Akash Mandal)

Equity Alert: Asian indices higher in early trade post Fed Powell's speech

MUMBAI--0803 IST--All Asian indices were higher in early trade Monday, taking positive cues from the US market which surged after US Federal Reserve Chair Jerome Powell hinted at a likely interest rate cut at the Fed's September meeting. Indices in Hong Kong lead the the gainers followed by those in China. 

Powell in his Jackson Hole Symposium speech hinted at a possible rate cut in the near term, and said the jobs and inflation data will also be taken on board before rate cut decisions. Now, the traders see an 87% chance of a cut in interest rates during the central bank's September meeting, which is way higher than around 70% chance debated earlier.    

At 0802 IST, Hong Kong's benchmark Hang Seng was up 1.8%, led by a surge in technological stocks. The index extended gains for the second straight session. China's CSI 300 was up 1.3%. Meanwhile, Japan's Nikkei 225 and Topix were 0.7% and 0.3% higher, respectively, in early trade. Metal and automobile stocks gained traction. 

FTSE Singapore Straits Times was marginally higher. Market participants are awaiting Singapore's consumer price index for July. Australia' S&P ASX 200 was also marginally higher. 

Following were the levels of key Asian indices at 0802 IST:

(Gopika Balasubramanium)

Equity Alert: US mkt surges on Powell's dovish comments, Dow at record close

MUMBAI--0734 IST--Equity indices in the US closed higher Friday as markets took comfort from US Federal Reserve Chair Jerome Powell's dovish comments during his speech at the Jackson Hole Symposium. Investors showed huge buying interest in US stocks, taking the Dow Jones Industrial Average to an all-time closing high. The S&P 500 gained after five consecutive sessions of losses.  

Powell hinted at a near-term interest-rate cut, which could be during the September meeting, but also stressed on the importance of jobs and inflation data, which are due this week. After cutting federal funds rates by 50 basis points during September 2024 and 25 bps in November and December each, the US central bank has held rates steady. Currently, the rate stands at 4.25-4.50%. 

Traders now bet on an 87% chance of an interest rate cut during the Fed's September meeting, much higher than the 70% probability before Powell's comments. "Powell did what central bankers do best at Jackson Hole — he kept the door open," Nigel Green, chief executive of deVere Group, was quoted as saying by Reuters. "A cut in September would reassure households and businesses that the central bank is not asleep at the wheel. Delaying only raises the odds of a harder landing."

The Dow Jones Industrial Average ended Friday's session 1.9% lower at 45631.74 points, its highest level since Dec.4, 2024. Meanwhile, S&P 500 closed at 6466.91 points, up 1.5%. The Nasdaq broke a three-day losing run to close 1.9% higher at 21496.535 points. Some sectors such as housing, consumer goods, and utilities rose in anticipation of a near-term interest rate cut. 

Following are the closing levels of US indices Friday:

(Gopika Balasubramanium)

US$1 = INR 87.58

End

Edited by Tanima Banerjee

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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