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Informist, Thursday, Sept. 11, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Nifty 50 ends above 25000 pts for first time in 3 wks; bks lead

MUMBAI--1547 IST--The benchmark equity indices closed slightly higher in a subdued session, powered largely by banking and financial services stocks. The Nifty 50 closed just above the psychologically crucial mark of 25000 points. The 50-stock index has risen nearly 1.8% over the past seven sessions, its longest rising streak since Apr. 23.

The Nifty 50 settled at 25005.50, up 32.40 points or 0.1%. The BSE Sensex ended at 81548.73, up 123.58 points or 0.2%. The Nifty 50 closed above 25000 points for the first time in three weeks. 

Most broader market indices closed higher. Only the Nifty Smallcap 250 index bucked the trend and closed marginally in the red. The India VIX, the fear gauge of Dalal Street, closed 1.7% lower at 10.3600 points. The indicator has fallen nearly 12% so far this month, indicating easing of near-term nervousness.

Shares of oil and gas companies led the gains in the market while losses in most information technology and automobile stocks acted as a drag. The Nifty Oil & Gas index closed 1.1% higher to be the top gaining sectoral index. Global brokerage Citi said it is "constructive" on Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp. and favours them over their upstream counterparts, according to a post on X by NDTV Profit.

Most IT stocks fell with Infosys being the worst hit in the Nifty 50, ending 1.5% lower. The stock fell ahead of the proposed meeting of the company's board to consider a share buyback, which would be its first buyback in around three years. The company did not specify the quantum of buyback or the price at which it intends to purchase the shares. However, an analyst tracking the sector at a domestic brokerage said the company was likely to buy back around 12–13% of its total paid-up share capital.

Nifty Auto, Nifty Consumer Durables, and Nifty IT ended 0.3–0.5% lower and were the worst hit among the sectoral indices. Most automobile and consumer stocks closed lower with the Nifty Auto ending down for the third straight session and the Nifty Consumer Durables ending down for the fifth session. These indices had rallied after the goods and services tax was lowered on various product categories.  (Simran Rede)

Equity Alert: Most European indices rise ahead of ECB meeting Thu

MUMBAI--1453 IST--Most European indices were higher in early trade. Market participants awaited the European Central Bank's decision on interest rates, due later in the day. US CPI data, due Friday, will be in focus later as they may provide cues to the US Federal Reserve's monetary policy decision next week.

The ECB is expected to leave key interest rates unchanged as eurozone inflation for July remained within its target of 2%. Deposit rates are expected to remain at 2%, according to economists polled by Reuters.

France's CAC 40 was up 0.6% and led the pack of European indices as shares of Kering SA, owner of Gucci, rose 2% after the company said it will push back the expensive full acquisition of Italian fashion brand Valentino until at least 2028, according to media reports.

Defence stocks were up across all European countries, a day after North Atlantic Treaty Organization-member warplanes shot down several Russian drones over Poland. Wednesday, Poland's government had reported Russian drones in its airspace. Shares of Airbus, BAE Systems, and Thales were up 1-3%. The UK's FTSE 100 index was up 0.4%.

The German DAX Performance-Index swung between gains and losses in early trade. German business insolvencies rose to a total of 12,009 in the first half of 2025, up over 12% on year, Reuters reported, citing data from the country's statistics office.

Among other indices in the region, Italy's FTSE MIB Index and Switzerland's Swiss Leader Index were up 0.5% and 0.3%, respectively. The MIB index is up for the fourth straight session, while the SLI is up after falling for three sessions.

Following were the levels of major European indices at 1452 IST:

(Eshitva Prakash)

Equity Alert: Nifty 50 barely above 25000; pharma cos off lows

MUMBAI--1443 IST--The Nifty 50 index continued to face resistance at 25000 points. Gains in private banks helped the index cross this level briefly but those stocks came off highs soon. Gains in some banks, financials, and pharmaceutical companies helped the index stay in the green Thursday even as selling in automobile and information technology stocks pushed the index down several times in the day.

The Nifty 50 hit an intraday high of 25031.30 points, attempting to rise above 25000 points for the second straight session. At 1436 IST, the Nifty 50 and BSE Sensex were up 0.1% each, at 25002 and 81544.47 points, respectively.

While Adani group companies and some financials have been in green since morning, several pharmaceutical stocks rose later in the session, aiding gains in the Nifty 50. Shares of Sun Pharmaceutical Industries were up over 1% after being flat in the morning.

Shares of BSE and Angel One were down 4-5% after media reports said the Securities and Exchange Board of India may float a consultation paper on ending weekly expiry contracts in equity derivatives trading. Shares of other brokerages such as Nuvama Wealth Management and Motilal Oswal Financial Services were also down.  (Arundathi AR)

Equity Alert: Most Asian indices gain; Chinese mkt up on local govt stimulus

MUMBAI--1413 IST--Most Asian indices ended higher, tracking gains in the US market and favourable private sector news from China. A lower-than-expected rise in the US Producer Price Index raised hopes of a rate cut by the US Federal Reserve next week. 

China's blue-chip CSI 300 gained 2.3% following reports that the local governments in China are planning to pay backlog bills owed to the private sector amounting to an estimated $1 trillion, according to Bloomberg. Shanghai's SSE Composite index ended 1.7% higher. Shares of chipmaker Cambricon rose 9%. Technology-giant Alibaba Group Holding is seeking to raise $3.17 billion in by offering zero-coupon convertible notes, according to media reports. The company's shares ended over 2% lower.

Hong Kong's Hang Seng index fell 0.3% after the index had hit a four-year high Wednesday. Chinese drug-makers were concerned about fresh US tariffs on medicine exports from the country. Shares of Sino Biopharmaceutical fell 3% and those of CSPC Pharmaceutical Group were down 6.5%. A draft executive order threatened to cut off pipelines of Chinese experimental treatments, The New York times reported Wednesday.

The Japanese Nikkei 225 Day index rose 1.2% and closed at a record high as investor sentiments were positive amid lower US tariffs on automobile exports and the departure of the fiscally hawkish Prime Minister Shigeru Ishiba.

Following were the levels of key Asian indices at 1347 IST:

(Eshitva Prakash)

Equity Alert: Brokerages, BSE down; SEBI likely to propose ending weekly expiry

MUMBAI--1411 IST--Shares of BSE, Angel One, Nuvama Wealth Management, and Motilal Oswal Financial Services fell after a CNBC-TV18 report that said the Securities and Exchange Board of India will begin consultations next week with stock exchanges for a proposal to end the weekly expiry contracts in equity derivatives trading. The report said SEBI is likely to float a paper on the proposal within a month. 

From September, the weekly derivatives contracts of the Nifty 50 expire Tuesday and those of the BSE Sensex expire Thursday. This swap was undertaken by the market regulator to curb intraday volatility on expiry days.

SEBI is likely to propose a defined path to end weekly expiry contracts and encourage a shift towards trading in the existing monthly expiry contracts in equity derivatives on the stock exchanges, the report said. The market watchdog may consider same-day expiry across all exchanges, it said. It is expected to brief its board, when it meets Friday, on longer tenure contracts in equity derivatives, the report said.   

At 1406 IST, BSE was down 5% at INR 2,156 on the NSE. Nuvama Wealth was down 3.3% at INR 6,170. Shares of Angel One were at INR 2,218.50, down 5.5%.  (Gopika Balasubramanium)

Equity Alert: Infosys down 1.6% ahead of board meeting to mull share buyback

MUMBAI--1219 IST--Shares of Infosys fell 1.6% Thursday to an intraday low of INR 1,508. The stock traded lower ahead of the company's proposed meeting to consider share buy back. Tuesday, the company had said its board will meet Thursday to consider a proposal to buy back its fully paid-up equity shares. This would be the company's first buyback in around three years.

The stock is down after rising for two previous sessions and has risen 7% over that period. At 1218 IST, shares of the company traded at INR 1,510.60, down 1.4%. The stock was the worst performer in the Nifty 50 and among the worst hit in the Nifty IT index.

The company did not specify the quantum of share buyback or the price at which it intends to purchase the shares. However, an analyst tracking the sector at a domestic brokerage had said the company was likely to buy back around 12-13% of its total paid-up share capital, which adds up to around INR 105 billion-INR 114 billion, a back of the envelope calculation showed.

Of the 22 brokerage reports on the stock available with Informist, 16 have a 'buy' or equivalent rating on the stock and six have a 'hold' or equivalent rating. The 'buy' recommendations have an average target price of INR 1,865. So far Thursday, 3.08 million shares of the company have changed hands on the NSE, lower than 3.95 million shares traded during the same period on Wednesday.  (Simran Rede)

Equity Alert: Adani Power recovers after 5% fall post large deal at discount

MUMBAI--1144 IST--Shares of Adani Power recovered after falling 5.4% to an intraday low of INR 600 in early trade, following a large deal at discount to the stock's previous closing price. At 1139 IST, the stock traded 0.6% higher ar INR 638.40.

Over 37 million shares of the company were traded on the NSE just as the market opened, data on the exchange showed. The deal was executed at an average price of INR 608.35 per share, an over 4% discount to the stock's previous close of INR 634.45. 

Earlier in the day, Adani Power announced that it will invest INR 210 billion to set up a 1.6 gigawatt ultra-supercritical thermal power plant at Anuppur district in Madhya Pradesh. The company secured a letter of award for the supply of 1.6 gigawatt from MP Power Management Co. It will set up two 800 megawatt units each at Anuppur under the design, build, finance, own and operate method.

At 1139 IST, 54.27 million shares of the company were traded on the NSE, sharply higher than the 3.81 million shares traded till the same time Wednesday.  (Akash Mandal)

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% each 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:

(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% after 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% a day 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% after 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:

(Eshitva Prakash)

US$1 = 88.44

End

Edited by Rajeev Pai

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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