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Informist, Thursday, Aug. 28, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Mkt falls on imposition of 25% extra US tariff, most sectors dn

 

MUMBAI--0929 IST--Benchmark equity indices opened the session lower after the additional 25% US tariffs came into effect Wednesday. Sectors such as textiles and some other export-focussed companies fell post the tariff imposition. Textile exporters such as Alok Industries, Arvind, Raymond, and Vardhman Textiles were down 1-2%.

 

At 0926 IST, the Nifty 50 was at at 29539.55 points, down 0.7%, and the BSE Sensex was at 80188 points, down 0.7%. Heavyweights such as Bharti Airtel, ICICI Bank, and HDFC Bank were down 1-2%. All broader market and most sectoral indices were in red. 

Some domestic-focussed sectors such as automobiles rose due to their relative immunity from US tariffs. Hero MotoCorp, Eicher Motors, and TVS Motor Co. were up around 1?ch. Shares of other domestic-focussed companies such as Eternal, Asian Paints, and Hindustan Unilever were also up. 

 

Among other stocks, Jaiprakash Power Ventures hit a 5% upper band at INR 18.95 billion after the company said it would set up a 50 megawatt solar capacity at its existing Madhya Pradesh plant for INR 3 billion. Gujarat Pipavav Port fell over 5% as it trades ex-dividend. Interglobe Aviation was down nearly 5?ter large deals were recorded on exchanges at a discount to Tuesday's closing price. Reports said the company's promoter group was the likely seller.  (Akash Mandal)

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Equity Alert: Most Asian indices up; Bank of Korea keeps rates steady

 

MUMBAI--0855 IST--Most Asian indices rose Thursday taking cues from the US markets as they rose ahead of Nvidia's June quarter earnings. Technology giant Nvidia posted higher-than-expected earnings for Apr-Jun with its revenue at $46.74 billion, according to a report by CNBC. 

The Japanese indices were choppy in early trade Thursday after reports that the country's top trade negotiator Ryosei Akazawa cancelled a planned trip to the US. The Nikkei 225 index rose 0.5%. South Korea's Kospi index rose 0.5%. The Bank of Korea kept interest rates steady at 2.5%, a decision that was widely expected. Policymakers said inflation was easing but warned that growth challenges remain, Reuters reported. 

Focus will be on the Indian market that will reopen after Ganesh Chaturthi holiday Wednesday. This will be the first session after the US' additional 25% tariff came into effect. With trade tensions rising in Asia and talks between Japan and the US uncertain, investors are staying cautious.

 

Following were the levels of key Asian indices at 0851 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4425.5345	0.90
Hang Seng Index	25027.10	(-)0.69
Nikkei 225 Day	42731.74	0.50
TOPIX FIRST SECTION	3082.08	0.40
KOSPI	3201.71	0.46
FTSE Singapore Strait Times	4249.55	0.09
S&P/ASX 200 Index	8958.50	(-)0.02

 

(P. Madhu Kumar)

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Equity Alert: Benchmark indices seen dn as additional US tariffs take effect

 

MUMBAI--0833 IST--Benchmark indices are likely to fall Thursday after the additional 25% US tariffs came into effect Wednesday, taking the total effective tariffs on Indian goods to 50%. Alongside tariff-related concerns, the expiry of the monthly contract of the Nifty 50 derivatives on Thursday is also likely to pull down the 50-stock index. 

 

The 50% tariffs on Indian goods to the US are expected to weigh on the outlook for exports, limiting any sustained recovery in the rupee, analysts said. A weak rupee is another deterrant for foreign investors investing in Indian equities at a time when they are already cautious due to high valuations. 

 

The derivatives contract of the Nifty 50 also indicates a slow start for the market. At 0808 IST, the August contract was at 24678.50 points, 33.55 points lower than the Nifty 50's latest close. The September contract was at 24796.50 points. Tuesday, the Nifty 50 index closed at 24712.05, down 255.70 points, or 1%, and the BSE Sensex closed at 80786.54, down 849.37 points, or 1%.

 

Overgnight, indices in the US gained slightly with the S&P 500 closing at a record high. After market hours, technology giant Nvidia reported its second quarter earnings, where its bottom line and top line both beat Wall Street's estimates. However, the stock's futures were down 3% post the earnings. Most Asian bourses were up in early trade Thursday.  (Akash Mandal)

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Equity Alert: S&P 500 hits record high; Nvidia futures fall despite Q2 beat

 

MUMBAI--0759 IST--The US market closed higher Wednesday, with the S&P 500 hitting a fresh record high, ahead of Nvidia's quarterly earnings, seen as a crucial trigger for the ongoing bull market. The S&P 500 gained 0.2% to close at an all-time high of 6,481.40 points, while the Dow rose 0.3%. The Nasdaq Composite ended 0.2% higher.

 

Shares of Nvidia, which carry the heaviest weight in the S&P 500 at nearly 8%, were little changed. The technology major reported its numbers after market hours, with both its bottom line and top line beating Wall Street's estimates. However, the stock's futures were down 3% post the earnings. "My takeaway is that these (Nvidia) numbers are not unexpected, nor is this reaction...the market has begun to factor in that Nvidia can continue to beat most expectations in spite of headwinds and questions like what they will have to pay to continue selling to China," Reuters reported Nick Frasse, product manager at Vaneck Associates, as saying.

 

Investors also digested political developments in Washington, where US President Donald Trump's unprecedented removal of Federal Reserve Governor Lisa Cook continued to draw scrutiny. Top White House economic adviser Kevin Hassett said Cook should take leave, even as she readied a lawsuit challenging her dismissal. Despite the turmoil, markets have largely looked past the controversy.

 

Following are the closing levels of US indices overnight:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	45565.23	0.32
NASDAQ Composite	21590.14.29	0.22
S&P 500	6481.40	0.2

 

(P. Madhu Kumar)

 

US$1 = INR 87.61

 

End

 

Edited by Avishek Dutta

 

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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