Equity Alert
Indices seen in range on mixed cues from global markets
This story was originally published at 08:19 IST on 8 September 2025
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Equity Alert: Indices seen in range on mixed cues from global markets
MUMBAI--0805 IST--Benchmark indices are likely to be in range Monday amid mixed cues from global markets. Worries about US tariff hitting economic growth and outflows by foreign investors are likely to keep gains in check despite interest rate cuts by the Reserve Bank of India, tax benefits announced in the Budget, and lower GST rates which are set to come into effect from Sept. 22.
Measures by the government and the RBI are expected to offset the impact of tarrifs but market participants are likely waiting for demand in the economy to pick up before increasing investments in equity markets, analysts said. "Recent data show little signs of a growth recovery. Cargo, fuel demand, auto sales, loan growth, and power demand remained sluggish on the latest prints," Emkay Global Financial Services said in a note.
Investors in the US were spooked by a sharply weaker jobs report Friday that led to worries of economic slowdown even though it means higher possiblity of interest rate cuts in the US. Major indices in the US closed lower Friday with Dow Jones Industrial Average down 0.5%.
Non-farm payrolls in August rose 22,000, while economists polled by Reuters had expected a rise of 75,000 jobs. Unemployment rate for August was 4.3%, highest in nearly four years, Reuters reported. This drove expectations of a sharper 50-basis point rate cut in the US Federal Reserve meeting on Sept. 16-17. CME Fedwatch tool showed an 8% probability of a 50-bps cut and 92% probability of a 25-bps cut in interest rates at the September Fed meeting.
Weaker jobs report also led to a fall in bond yields in the US, which is positive for emerging markets such as India. Yields on the 10-year US bond fell 7 bps to settle at 4.10% Friday. Most indices in Asian markets were up with indices in Japan gaining over 1?spite the country's Prime Minister Shigeru Ishiba resigning from the post on Sunday.
For domestic markets, GIFT Nifty Futures indicate gains for the Nifty 50 Monday. At 0752 IST, the September futures of the GIFT Nifty contracts were trading at 24898 points, up 0.3% from its previous close and up 0.6% from the Nifty 50's close on Friday. Last week, the Nifty 50 closed at 24741.00 points. (Anshul Choudhary)
Equity Alert: US indices decline Fri on poor Aug non-farm payrolls data
MUMBAI--0739 IST--Stock indices in the US closed lower Friday as worse than expected jobs data weighed on sentiment and fuelled concerns about economic growth. Bank stocks were among the worst hit, with the S&P 500 bank index ending 2.4% lower.
Non-farm payrolls data showed the US economy created 22,000 jobs in August, much lower than the 75,000 jobs expected. This also was a sharp slowdown from the increase of 79,000 in July. The weak data added to recent signs of the labour market weakening and is likely to keep the Federal Reserve on track for a widely anticipated interest rate cut later this month.
"It's going to take more than one bad data set for us to dislodge this market at this point," Reuters quoted Pete Mulmat, chief executive officer of IG North America, as saying. BofA Global Research adjusted its outlook for the US market following the jobs report, forecasting a 25-basis-point rate cut each in September and December.
Despite a weak market, Broadcom soared over 9% a day after the chipmaker unveiled a $10-billion artificial intelligence chip order from a new customer and forecast fourth-quarter revenue above estimates, Reuters reported. Kenvue fell 9?ter The Wall Street Journal reported, citing people familiar with the matter, that US Health Secretary Robert F. Kennedy Jr. plans to announce that use of the company's pain medication Tylenol by pregnant women is potentially linked to autism. Lululemon Athletica plunged 19% after the yogawear-maker slashed its annual profit forecast the second time in a row.
Following are the closing levels of US indices Friday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45400.86 | (-)0.48 |
| NASDAQ Composite | 21700.388 | (-)0.03 |
| S&P 500 | 6481.50 | (-)0.32 |
(Akash Mandal)
End
US$1 = INR 88.27
Edited by Akul Nishant Akhoury
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