Equity Alert
Market likely to gain post sharp losses but bias negative
This story was originally published at 08:54 IST on 29 August 2025
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Equity Alert: Market likely to gain post sharp losses but bias negative
MUMBAI--0833 IST--Benchmark indices are likely to start the session on a positive note Friday, with some bounce-back expected in the coming sessions as analysts say the market remains in an oversold zone. However, there is likely to be volatility as the weekly expiry day for the Nifty 50's derivatives contracts shifts to Tuesday from Thursday. The 50-stock index is likely to move in a range of 24350-24650 points during the session.
"...it is advisable to consider reducing long positions on any bounce for the time being," Osho Krishan, senior technical and derivatives analyst at Angel One, said in a note. On the technical charts, the Nifty 50 is moving below the 100-day exponential moving average, which suggests a negative bias for the index, according to technical analysts.
The GIFT Nifty September contract also indicated a positive start for the market. At 0812 IST, the contract was at 24674.50 points, up nearly 174 points from the Nifty 50's latest spot close. On Thursday, the Nifty 50 closed at 24500.90, down 211.15 points, or 0.9%. The BSE Sensex ended at 80080.57, down 705.97 points or 0.9%.
Overnight, indices in the US ended with slight gains, with the S&P 500 and the Dow Jones Industrial Average notching record highs. However, Nvidia fell nearly 1?spite a strong second-quarter performance with a better-than-expected forecast on concerns over its China operations. Asian stocks were mixed in early trade Friday. (Akash Mandal)
Equity Alert: Asian indices mixed in early trade; Nikkei, Kospi fall
MUMBAI--0742 IST--Asian equity indices were mixed in early trade Friday, with those in China, Hong Kong, and Singapore in positive territory. Investors in the region will track US Personal Consumption Expenditures later in the day, an important factor which will have a bearing on the US Federal Reserve's monetary policy trajectory.
At 0738 IST, Japan's Nikkei 225 and the Topix were down 0.4?ch. Core consumer prices in Tokyo rose at a slower pace in August. The Tokyo core CPI, which strips out fresh food but includes energy, rose 2.5% in August from a year earlier, CNBC reported, in line with Reuters forecasts. The print for August also eased from July's 2.9% rise, CNBC reported. The figure was, however, above the Bank of Japan's 2% target. Japan's unemployment rate eased to 2.3% in July from 2.5% June, the report said.
Meanwhile, South Korea's KOSPI broke a two-day winning run. The index had opened higher but gave up all the gains and at 0738 IST, was down 0.2% at 3190.28 points. Australia's S&P 200 ASX was down 0.2%. On the other hand, China's CSI 300 and Hong Kong's Hang Seng were up 0.4?ch.
Following were the levels of key Asian indices at 0738 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4484.2747 | 0.46 |
|
Hang Seng Index |
25109.78 | 0.44 |
|
Nikkei 225 Day |
42665.13 | -0.38 |
|
TOPIX FIRST SECTION |
3077.26 | -0.41 |
|
KOSPI |
3190.28 | -0.19 |
|
FTSE Singapore Strait Times |
4268.18 | 0.34 |
|
S&P/ASX 200 Index |
8960.3 | -0.22 |
(Gopika Balasubramanium)
Equity Alert: Dow, S&P 500 close at record highs Thu; chipmakers gain
MUMBAI--0715 IST--US equity indices closed higher on Thursday despite chipmaker Nvidia's earnings falling short of expectations, after it was affirmed that spending related to artificial intelligence remained intact. Though Nvidia ended the session a bit lower, other chipmakers cheered the positive outlook. The Dow Jones Industrial Average and the S&P 500 closed at record highs for the second straight session. Further, the weekly jobless claims data came in lower than expected, allaying fears of a slowing economy and another seperate report showed the profits of American corporates rebounded in the quarter ended June.
Investors viewed Nvidia's earnings for the June quarter, which showed a 56% surge in quarterly revenue, as confirmation of demand related to AI technology being strong. Sentiment around the sector turned positive and other AI heavyweights gained, with Alphabet and Amazon up 2% and 1%, respectively. Chipmaker Broadcom rose almost 3%.
The Dow Jones Industrial Average ended Thursday's session slightly higher at 45636.90 points, a record high. Similarly, the S&P 500 also notched a closing high and ended at 6501.86 points, up 0.3%. The Nasdaq Composite rose for the third straight day and closed 0.5% higher at 21705.158 points.
On Friday, investors will focus on Personal Consumption Expenditures, the US Federal's Reserve's preferred inflation yardstick. Any signs of inflation increasing could affect broad expectations for easing at the US Federal Reserve's monetary policy meeting in September. Traders anticipate a more than an 80% chance of a federal funds rate cut next month, as per CME FedWatch Tool.
Following are the closing levels of US indices overnight:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45636.9 | 0.16 |
| NASDAQ Composite | 21705.16 | 0.53 |
| S&P 500 | 6501.86 | 0.32 |
(Gopika Balasubramanium)
US$1 = INR 87.62
End
Edited by Vandana Hingorani
All prices from National Stock Exchange, unless otherwise specified.
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