Equity Alert
Nifty 50 faces selling pressure above 25000; auto, IT cos down
This story was originally published at 11:52 IST on 11 September 2025
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Equity Alert: Nifty 50 faces selling pressure above 25000; auto, IT cos down
MUMBAI--1130 IST--The Nifty 50 index fell slightly after it touched the psychologically important 25000-mark in early trade on Thursday. Gains in public sector banks, energy, and metal companies lifted the index slightly, while selling in information technology and automobile stocks limited gains.
The Nifty 50 hit an intraday high of 25008.75 points, attempting to rise above 25000 points for the second straight session. While the market was up amid optimism over the India-US trade deal and hope of better consumption ahead, the Nifty 50 still faced selling pressure above 25000 points and retreated slightly. At 1115 IST, the Nifty 50 was at 24981.50, up 8.40 points and the BSE Sensex was at 81471.72, up 46.57 points.
Adani group stocks traded higher Thursday. Shares of Adani Enterprises rose 3% and were up for the fifth straight session. Adani Ports and Special Economic Zone rose nearly 2% and was up for the fourth straight session. Both the stocks have gained around 6?ch in their respective five- and four-session winning streak. Among others, shares of Shriram Finance gained more and were up nearly 3%.
Among others, shares of Eternal came off highs and were up 1% compared with the 2% rise in early trade. Shares of the company have recovered from the two-day fall on Wednesday and Tuesday. Index heavy-weights ICICI Bank, HDFC Bank, and Reliance Industries were largely choppy.
Shares of IT companies were down after rising sharply in the previous two sessions. Infosys, Wipro and Tech Mahindra were a drag on the index. The Nifty Auto index was down for the third session with decline in Maruti Suzuki, Mahindra & Mahindra, and Tata Motors. (Arundathi AR)
Equity Alert: Patanjali Foods declines 67%; share trades ex-bonus
MUMBAI--1115 IST--Shares of Patanjali Foods plunged 67% to an intraday low of INR 593.50, the lowest level since January 2021, as the stock traded ex-bonus on Thursday. At 1105 IST, the stock was at INR 595.70, the worst hit among Nifty 200 constituents. The stock is down for the second session.
The company had fixed Thursday as the record date for its proposed 2:1 bonus share issue approved by the company's board on Jul. 17. The decline in the share price comes as each share is down from Wednesday's close of INR 1,802 to INR 602.70 at open Thursday due to the bonus issue.
Systematix Shares and Stocks (India) has a 'buy' rating on the stock with a target price of INR 2,020 as of its report dated Aug. 14. So far Thursday, 867,592 shares of the company have changed hands on the NSE, higher than 91,857 shares traded during the same period on Wednesday. (Simran Rede)
Equity Alert: Adani Ports up 2%; Macquarie raises target price by 7%
MUMBAI--1032 IST--Shares of Adani Ports and Special Economic Zone rose 2.4% to a high of INR 1,423.10 after global brokerage Macquarie raised its target price and reiterated a bullish call on the stock. At 1029 IST, the stock traded 2.1% higher at INR 1,423.10 and was the top gainer in the Nifty 50.
The brokerage raised its target price on the stock by nearly 7% to INR 1,760 from INR 1,650 and maintained an 'overweight' recommendation on the stock. The stock is an opportunity for long-term growth, with the company well positioned to capitalise on India's long-term trade potential, NDTV Profit cited Macquarie as saying. The company has a strategic presence and integration in logistical offerings and is likely to be resilient due to a diversified ports portfolio and cargo mix.
A ramp-up in international volumes and logistics will further ramp up growth, the report said. As of 1029 IST, 1.92 million shares of the company were traded on the NSE, sharply higher than the 991,619 shares traded till the same time Wednesday. (Akash Mandal)
Equity Alert: Jupiter Wagons up 8%; arm gets INR 1.13-bln order from Railways
MUMBAI--1006 IST--Shares of Jupiter Wagons rose over 8% to a near four-week high of INR 345 after its subsidiary company won an order worth INR 1.13 billion from the Railway Board. At 1004 IST, the stock was up 5.3% at INR 336, the top gainer in the Nifty 500.
The company's subsidiary Jupiter Tatravagonka Railwheel Factory received a letter of acceptance from the Railway Board for an order to supply 9,000 axles for high-speed bogies. The order size was almost a quarter of Jupiter Wagons' consolidated top line of INR 4.59 billion for the June quarter.
As of 1004 IST, 10.78 million shares of the company were traded on the NSE, sharply higher than the 818,294 shares traded till the same time Wednesday. (Akash Mandal)
Equity Alert: Mkt flat in early hour; Patanjali Foods trades ex-bonus, dn 67%
MUMBAI--0942 IST--Benchmark indices opened lower but shortly reversed losses and gained Thursday. The rise was across sectors while some index heavyweight stocks capped the gains. The market also tracked some gains from global indices as US indices closed at record highs for the second day. Most Asian indices also notched fresh intraday highs Thursday early in the session.
At 0939 IST, the Nifty 50 was at 24994.25, up 21.15 points or 0.1%, and the BSE Sensex was at 81514.21, up 89.06 points or 0.1%. After opening slightly lower, the Nifty 50 managed to briefly go past 25000 points. The 50-stock index is up for the seventh session Thursday, post the announced changes in the goods and services tax rates on Sept. 3. The India VIX, or the fear indicator of the market, was up 1.1% at 10.6550, suggesting rising near-term nervousness in the market.
Sectoral indices were a mixed bag with those which rallied on the back of optimism over GST refoms moving in the negative teritorry. Nitfy Auto was slightly down. Nifty IT was the worst hit among the sectoral indices, down 0.4%. The index fell after rising for two previous sessions, gaining more than 5% over this period.
Infosys was down over 1% and was the worst hit in the Nifty 50 after the company said its board will Thursday consider a share buyback proposal, its first buyback in around three years. The company is likely to buy back around 12-13% of its total paid-up share capital, an analyst tracking the sector at a domestic brokerage said. Shares of Oracle Financial Services was up over 3% and led the gains in the Nifty 200 for the second straight session.
Jupiter Wagons was up over 6%, being the top gainer in the Nifty 500, after its subsidiary, Jupiter Tatravagonka Railwheel Factory Pvt. Ltd., Wednesday got an order of INR 1.13 billion from the Railway Board to supply 9,000 axles for high-speed bogies. Patanjali Foods was down 67% as the stock traded ex-bonus. The company declared a 2:1 bonus issue. The stock was the worst hit in the Nifty 200. (Simran Rede)
Equity Alert: Most Asian indices up; South Korea, Japan mkts at record highs
MUMBAI--0824 IST--Most Asian stock indices were up in early trade Thursday after a weaker-than-expected US inflation print for August shored up bets of an interest rate cut by the US Federal Reserve next week. Stock indices in Japan, Taiwan, Singapore, and South Korea all notched fresh intraday highs early in the session.
Japan's Nikkei 225 Day index rose 1%. Shares of index heavyweight SoftBank rose 9% in early trade, extending gains for the second straight day. Among others gainers in the Japanese market, shares of Mitsui Mining and Smelting were up 6% and those of Ryohin Keikaku, a retail company, rose 3%. The nation's corporate goods inflation was 2.7% on year in August, in line with market expectation, compared to 2.5% in July. The Topix index also gained marginally.
South Korea's Kospi was almost flat. The country's President Lee Jae Myung Thursday said he did not see a need to revise South Korea's capital gains tax which was intended to increase tax revenue from investors. The South Korean market had rallied in recent times on hope of reforms regarding taxes on capital gains. The Kospi has ended higher in the past seven sessions, rising over 5%.
The FTSE Singapore Straits Times hit a record high on increased hopes of a rate cut after lower-than-expected inflation print for August in the US. Banking heavyweights led the early gains in the region, Business Today reported. The index has since turned flat. Hong Kong's Hang Seng index fell 1%, snapping a four-day winning streak after the index had risen to a four-year high in the previous session.
Sovereign bonds yields rose in Australia and New Zealand Thursday, CNBC-TV18 reported. The Australian ASX 200 index traded 0.4% lower in early trade.
Following were the levels of key Asian indices at 0801 IST:
|
Index |
Level |
Change in % |
|
S P/ ASX 200 INDEX |
8798.9 |
(-)0.36 |
|
FTSE Singapore Strait Times |
4346.38 |
0.00 |
|
Nikkei 225 Day |
44256.37 |
0.96 |
|
KOSPI |
3314.35 |
(-)0.01 |
|
TOPIX FIRST SECTION |
3147.34 |
0.20 |
|
Hang Seng Index |
25983.99 |
(-)0.83 |
|
CSI 300 Index |
4465.3545 |
0.45 |
(Eshitva Prakash)
Equity Alert: Indices seen in range; Infosys in focus on buyback plans
MUMBAI--0755 IST--Benchmark indices are likely to be in range as market participants wait for corporate earnings to improve at a time when tariffs from the US may hurt growth. However, sentiment is likely to be positive as the Nifty 50 has risen for six straight sessions and analysts said foreign investors may cover their short positions if the Nifty 50 crosses 25000-25100 points.
Short covering is expected to drive the Nifty 50 index higher in the coming sessions, analysts said. Foreign institutional investors had short positions of $4.02 billion till Tuesday, data from Nuvama Wealth Management showed. It is possible for the Nifty 50 to rise sharply in the coming sessions if foreign investors cover their short postions.
GIFT Nifty futures suggest the Nifty 50 is likely to make another attempt at crossing 25000 points. Wednesday, the Nifty 50 had crossed 25000 level briefly intraday after two weeks but lost some gains to end the session at 24973.10 points. At 0752 IST, GIFT Nifty September contracts traded at 25084 points, marginally higher compared with previous close but up 0.4% from Nifty 50's close on Wednesday.
Global markets were largely mixed with US indices posting either minor gains or slight decline due to high valuation. The Producer Price Index in the US unexpectedly fell 0.1% in August compared with July. Economists had expected it to rise 0.3%, according to Dow Jones.
Expectations of rate cut in the US helped indices in Asia to largely maintain gains in early trade Wednesday. Most of the indices including those in Japan, China, and Taiwan were up. Hong Kong's Hang Seng index snapped a four-session winning run and it was down nearly 1%.
Information technology companies will be under focus as Infosys is scheduled to announce buy back of shares. The company is likely to buy back around 12-13% of its total paid-up share capital, an analyst tracking the sector at a domestic brokerage has said when the buyback plans were announced on Monday. This means Infosys may buy backs shares worth INR 105 billion-INR 114 billion, a back-of-the-envelope calculation showed. (Anshul Choudhary)
Equity Alert: S&P 500, Nasdaq at record highs on weak inflation; Oracle gains
MUMBAI--0743 IST--The S&P 500 and Nasdaq Composite closed at record highs Wednesday after a surge in shares of technology major Oracle. However, all three benchmark indices pared early gains and ended mixed. A lower-than-expected producer price index print drove expectations of the US Federal Reserve cutting interest rates next week.
The S&P 500 and Nasdaq Composite notched record closes for the second straight day. Chipmakers and artificial intelligence-related stocks were among the biggest gainers on the day after Oracle surged 36% on optimism around demand for its AI-related servers. The stock saw its highest singe-day gain since 1992 and gained $244 billion in market capitalisation during the session, according to CNBC.
The Dow Jones Industrial Average fell 0.5%, weighed down by a decline in Apple's shares, which fell 3?ter the company's latest iPhone announcement failed to excite investors. The company is also viewed as a laggard in the AI race.
Producer prices in the US fell 0.1% in August, against Dow Jones estimate of a 0.3% rise, data from the Bureau of Labor Statistics showed. This comes after after a downwardly revised 0.7% rise the month before. Coupled with weak US labour market data released earlier in the month, the inflation print supports the case for a rate cut by the Fed. The CME Fedwatch data shows an 8% probability for a 50-bps Fed rate cut, up from 7?ay ago. Market participants await US consumer prices data due on Thursday for further cues on rate cuts.
Among other stocks, shares of Synopsys fell 36?ter the chip design software provider missed estimates for its quarterly revenue. Its rival Cadence Design Systems fell over 6%.
Following are the closing levels of US indices Wednesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6532.04 |
0.30 |
|
NASDAQ Composite |
21886.06 |
0.03 |
|
Dow Jones Industrial Average |
45490.92 |
(-)0.48 |
(Eshitva Prakash)
US$1 = 88.27
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.
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