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Informist, Friday, Aug. 29, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: RIL falls to 4-month low post Ambani's comment on RJio listing

 

MUMBAI--1520 IST--Shares of Reliance Industries fell 1.5?ter the company's Chairmam Mukesh Ambani said that he plans to file for the initial public offering of Reliance Jio Infocomm Ltd. and get the company listed by first half of 2026. Reliance Jio is a subsidiary of RIL's digital technology and telecommunications arm Jio Platforms Ltd. Shares of RIL were marginally higher at INR 1,396.20 at 1423 IST before the comment was made.

 

After 1423 IST, shares of the company started to fall. The stock fell 2.6% to hit a four-month low at INR 1,350. Over 16 million shares of RIL have been traded so far in the day, higher than 13.8 million shares traded till the entire Thursday. At 1522 IST, shares of RIL were at INR 1,352.20, down 2.4%.

 

All the 15 brokerages report available with Informist have a 'buy' rating on RIL with an average target price of INR 1,637. The average price has an upside potential of 21% from the spot price. (Gopika Balasubramanium)

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Equity Alert: European mkts down ahead of economic data from region, US

 

 

MUMBAI--1450 IST--Major European indices were down in the early trade ahead of inflation print from some of the major economies in the region and the US personal consumption expenditures data, due later in the day. The pan-European STOXX 600 index was down 0.2% in the early trade with most sectors in negative territory.

 

France's CAC 40 index saw the steepest fall among major regional indices with a 0.7?cline. Latest data from the country showed that consumer price inflation cooled to 0.8% in August from 0.9% in July, just below the 0.9% reading expected in a Reuters poll. The low figure was due to decline in energy and manufactured product prices, while inflation in food and services came in at 1.6% and 2.1%, respectively, CNBC TV18 reported. The inflation rate in Spain was steady at 2.7%, the report said. Investors now await inflation data from Germany due later in the day. 

 

Investors will be monitoring the US personal consumption expenditures data, the US Federal Reserve's preferred inflation measure. This comes after Federal Reserve Chairman Jerome Powell's dovish comments pointing to a likely interest rate cut in the September meeting. 

 

British bank stocks, including Natwest, Barclays and Lloyds, fell 3.5-4.8?ter a think tank recommended that Britain's government should tax banks on the billions of pounds they receive in interest from the Bank of England on the reserves they hold at the central bank. Meanwhile, defence stocks rose with German players Rheinmetall, Hensoldt and Renk all gaining more than 3%.  

 

Following were the levels of major European indices at 1446 IST:

 

INDEX	LEVEL	CHANGE IN %
FTSE 100 Index	9181.49	(-)0.38
CAC 40	7712.28	(-)0.65
MIB INDEX	42194.29	(-)0.6
DAX PERFORMANCE-INDEX	23933.59	(-)0.44
Swiss Leader Index	2004.84	(-)0.47

 

(Arya S. Biju)

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Equity Alert: Asian markets end mixed, investors assess economic data

 

 

MUMBAI--1450 IST--Asian markets ended on a mixed note on Friday as investors assessed a slew of economic data in the region. Indonesia's IDX Composite closed over 1% lower and was the worst hit among its regional peers. Japan's Nikkei 225 and Topix ended 0.3% and 0.5% lower, respectively. The core consumer prices in Tokyo rose at a slower pace on month in August, CNBC reported. The country's unemployment rate eased to 2.3% in July from 2.5% the previous month. 

 

South Korea's Kospi closed 0.3% lower. The country's former first lady Kim Keon Hee was reportedly indicted over corruption and bribery charges, CNBC reported. Kim is the wife of former South Korean President Yoon Suk Yeol, who was removed from office and arrested earlier this year for his short-lived declaration of martial law. 

 

China's CSI 300 closed 0.7% higher, continuing its positive run. Artificial intelligence stocks yet again led the gains. However, Nomura said the stock market boom is unlikely to significantly help revive economic growth amid broader challenges. 

Following were the levels of key Asian indices at 1440 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4496.7591	0.74
Hang Seng Index	25077.62	0.32
Nikkei 225 Day	42718.47	(-)0.26
TOPIX FIRST SECTION	3075.18	(-)0.47
KOSPI	3186.01	(-)0.32
FTSE Singapore Strait Times	4272.77	0.44
S&P/ASX 200 Index	8973.10	(-)0.08

 

(Akash Mandal)

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Equity Alert: Indices remain marginally up; FMCG stocks extend support

 

MUMBAI--1335 IST--Benchmark indices remained marginally higher, supported by gains in fast-moving consumer goods stocks. Sustained gains in index heavyweights Bharti Airtel and ICICI Bank also helped the indices stay in the green amid muted market sentiment due to uncertainty over US tariffs. At 1331 IST, the Nifty 50 was at 24518.65 points, up 17.75 points or 0.1%, and the BSE Sensex was at 80132.27 points, up 51.70 points or 0.1%.

 

Most sectoral indices were higher, with gains in fast-moving consumer goods, media, defence, consumer durables, private banks, financial services, and energy stocks. On other hand, auto, realty, and IT stocks witnessed some pressure, while metal and healthcare stocks remained largely flat. 

 

Shares of fast-moving consumer goods companies rose amid media reports saying that the government has finalised cutting goods and services tax on select consumer products to 5%. The Nifty FMCG index rose as much as 1.7% intraday, with 11 out of 15 constituents trading in the green. Colgate-Palmolive, United Spirits, Britannia Industries, ITC, and Marico led gains with 1.7-3.3% rise. 

 

Shares of Sammaan Capital rose 7%, snapping their four-day losing run after the stock was included in the futures and options segment from Friday, CNBC TV18 reported. CG Power and Industrial Solutions rose over 5% to its highest level in over a month after its subsidiary CG Semi launched a semiconductor unit and announced investing INR 76 billion over five years to develop its semiconductor facilities. It was the top gainer in the Nifty 200. Shares of Reliance Industries traded largely flat ahead of its annual general meeting due later in the day. (Arya S. Biju)

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Equity Alert: Sammaan Capital snaps 4-day losing streak, up 7% at INR 125.90

 

 

MUMBAI--1253 IST--Shares of Sammaan Capital rose 7% to an intraday high of INR 125.90, snapping a four-session losing streak. The company raised $300 million through the allotment of 8.95% senior secured social bonds maturing on Aug. 28, 2028, according to an exchange filing by the company on Thursday post market hours.  

 

The bonds are expected to be listed on the Global Securities Market of the India International Exchange Ltd. Of the total issue, $16.7 million was raised under rule 144A and $283.3 million under regulation S. The board of the company had approved the fund-raising on Aug. 21. 

 

As of 1303 IST, over 50 million shares of the company changed hands, 11 times the 4.5 million shares traded till the same time Thursday. The stock traded nearly 7% higher at INR 125.75 and it was among the top gainers in the Nifty 500 index. There were no brokerage reports available on the company with Informist. (P. Madhu Kumar)

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Equity Alert: CG Power up 5%; arm launches chip unit, to invest INR 76 bln

 

MUMBAI--1220 IST--Shares of CG Power and Industrial Solutions rose over 5% Friday to an over one-month high of INR 698.30 after its subsidiary CG Semi launched a semiconductor unit and announced investing INR 76 billion over five years to develop its semiconductor facilities. At 1213 IST, the stock traded 4.7% higher at INR 695.40 and was the top gainer in the Nifty 200.

 

"The 7,600-crore (INR 76 billion) investment, global collaborations, and advanced packaging capabilities position CG Power as a strategic beneficiary of the India semiconductor mission," ICICI Direct Research said in a report. "While commercial production will begin only in 2026, the project enhances long-term growth visibility and could attract strong interest from global customers in automotive, defence, and IoT (internet of things) segments, making CG Power a key proxy for India's semiconductor story," the report said.

 

CG Semi will invest the INR 76 billion to develop two facilities – G1 and G2 – in Sanand, Gujarat, in collaboration with Renesas from Japan and Stars Microelectronics from Thailand. Also, with the launch of the G1 semiconductor facility, CG Semi became India's first full-service outsourced semiconductor assembly and tool provider. The G1 facility will operate at peak capacity of nearly half-a-million units per day.

 

Till 1213 IST, 9.49 million shares of the company were traded on the NSE, sharply higher than the 1.08 million shares traded till the same time Thursday. (Akash Mandal)

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Equity Alert: YES Bank rises 4%; reports say Sumitomo Mitsui to inject funds

 

MUMBAI--1126 IST--Shares of YES Bank rose over 4% to an intraday high of INR 19.46 after reports said Sumitomo Mitsui Banking Corp. will likely infuse more funds in the private sector lender. At 1122 IST, the stock traded 4% higher at INR 19.43 and was the top gainer in the Nifty 200. 

 

Sumitomo will inject an additional INR 160 billion in YES Bank through both equity and debt, The Economic Times reported. The fund infusion is expected to strengthen the bank's balance sheet and could mark the beginning of a more significant ownership shift, the report said. Talks of additional fund infusion comes after the Japanese lender proposed to acquire up to 24.99% of the paid-up share capital or voting rights of YES Bank. The Reserve Bank of India has already given a nod to Sumitomo Mitsui's proposal. 

 

By 1122 IST, 98.29 million shares of YES Bank were traded on the NSE, sharply higher than the 26.33 million shares traded till the same time Thursday.  (Akash Mandal)

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Equity Alert: Indices gain post slow start; FMCG stocks among top gainers

 

MUMBAI--0934 IST--Benchmark equity indices gained after opening on a muted note Friday, with heavyweights such as HDFC Bank, Bharti Airtel, and Reliance Industries trading in the green. Fast-moving consumer stocks were among the top gainers in the market at a time when sentiment is weak due to uncertainty around US tariffs. Hindustan Unilever, ITC, Nestle, and Tata Consumer Products gained over 1?ch.

 

At 0929 IST, the Nifty 50 was at 24532.30 points, up 31.40 points or 0.1%, and the BSE Sensex was at 80193.05 points, up 112.48 points or 0.1%. Mahindra & Mahindra was down 3%, the biggest loser in the 50-stock index. The stock is down for the fourth straight session, falling 6% during this period.

 

Most sectoral indices were in the green, with the Nifty FMCG nearly 2% higher. On the other hand, the Nifty Auto was down 1% and was the worst hit, falling for the third straight session after robust gains on news of GST rationalisation. Bajaj Auto, Eicher Motors, and Tata Motors were all down. 

 

Among other stocks, Ola Electric Mobility was up 4% and was the top gainer in the Nifty 500. The stock is up for the fourth straight session, rising 22% during this period. The company recently recieved approval to avail production-linked incentives for its Gen 3 scooters, with the benefits being an essential component to its path to profitability. Sammaan Capital, Granules India, and PNC Infratech were up 3-4%. On the other hand, Sun TV Network, FSN E-Commerce Ventures, and Vardhman Textiles were down 2-3% and were the worst hit in the 500-stock index.  (Akash Mandal)

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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)

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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)

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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 88.19

 

End

 

Edited by Akul Nishant Akhoury

 

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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