Equity Alert
Nifty 50, Sensex may open tad up after last week's sharp fall
This story was originally published at 08:08 IST on 1 September 2025
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Equity Alert: Nifty 50, Sensex may open tad up after last week's sharp fall
MUMBAI--0749 IST--The Nifty 50 may open higher Monday after it fell over 2% last week. However, the index is unlikely to see major gains as higher tariffs of 50% on Indian goods going to the US came into effect last week, raising concerns over the tariffs hitting India's GDP growth. India is yet to announce a trade deal with the US.
The September futures contracts of the GIFT Nifty suggest a positive start for the Nifty 50 Monday. At 0747 IST, the futures contract was trading at 24595.50 points, up 0.1% from the previous close and up 0.7% from the Nifty 50's close on Friday. Analysts expect the Nifty 50 to face resistance at 24500-24600 points, while immediate support is expected at 24300 points.
Sentiment in the market remains weak, but a minor rise is expected as a sharp fall last week may push some investors to buy stocks. The Nifty 50 fell over 2% last week to end the week at 24426.85 points, down over 7% from its lifetime high touched last year.
Brokerages expect a limited direct impact on Indian companies as a large part of their earnings are still dependent on domestic demand. "The second-order effects remain critical: i) Potential NPLs (non-performing loans) from textiles and jewelry (1.2% of bank loans) and an unquantifiable risk from SME (small and medium enterprises) exposure," Emkay Global Financial Services said in a report Saturday. "This, however, should be mitigated by potential government/RBI support...The affected sectors (from tariffs) employ 0.3 mln (300,000) workers, so mass layoffs potentially hurt consumption."
Outflows by foreign investors have also been a concern, which pushed rupee to new lows. Foreign portfolio investors sold Indian equities worth nearly INR 35 billion in August and over INR 130 billion so far this year. On Friday, the rupee depreciated 0.7% and settled at a record closing low of 88.1950 a dollar.
Cues from other Asian markets were mixed in early trade Monday with indices in China and Hong Kong up, while those in Japan, South Korea down. The US markets had closed lower Friday amid sell-off in technology stocks such as Nvidia and Dell. (Anshul Choudhary)
Equity Alert: US indices fall Fri on weakness in AI stocks; mkt to be shut Mon
MUMBAI--0732 IST--US indices closed lower Friday, dropping from their record highs. The likes of Dell, Nvidia, and other artificial intelligence-related stocks pulled the market down. Investors also assessed inflation data, which will provide cues for the US Federal Reserve's rate cut trajectory. The US market will be shut Monday on account of Labor Day.
Core personal consumption expenditures index rose 2.9% on month in July, in line with expectations but an acceleration from the prior month and the highest level since February. "The Fed opened the door to rate cuts, but the size of that opening is going to depend on whether labor-market weakness continues to look like a bigger risk than rising inflation...for now, the odds still favor a September cut," CNBC reported Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management, as saying.
Dell plunged 9% and was among the worst hit in the S&P 500 after high manufacturing costs for AI-optimised servers and intensifying competition overshadowed the company's bullish demand forecast for artificial intelligence infrastructure, Reuters reported. Nvidia fell over 3% and was down for the third straight session. The AI heavyweight's quarterly report had fallen short of investors' high expectations Wednesday.
On the other hand, US-listed shares of Alibaba surged 13% after the Chinese company reported stronger-than-expected quarterly growth in its cloud computing business, driven by AI-related demand.
Following are the closing levels of US indices Friday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45544.88 | (-)0.20 |
| NASDAQ Composite | 21455.552 | (-)1.15 |
| S&P 500 | 6460.26 | (-)0.64 |
(Akash Mandal)
US$1 = INR 88.19
End
Edited by Tanima Banerjee
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