Equity Alert
Mkt snaps 3-day winning streak, ends down on fall in bk stocks
This story was originally published at 16:13 IST on 19 September 2025
Register to read our real-time news.Informist, Friday, Sept. 19, 2025 Tel +91 (22) 6985-4000
Equity Alert: Mkt snaps 3-day winning streak, ends down on fall in bk stocks
MUMBAI--1540 IST--Benchmark indices ended lower Friday with bank stocks as the biggest laggards. Despite closing in the red, Nifty 50 managed to stay above 25,300 points, the support level for Friday projected by analysts. The Nifty 50 closed 0.4% lower at 25327.05 points and the Sensex fell 0.5% to 82626.23 points. The Nifty 50 index also snapped a three day winning streak.
HCL Technologies declined nearly 2% and was the worst-performer in the Nifty 50 index. Closely following the tech major were ICICI Bank and Mahindra & Mahindra, which fell over 1%. Among the heavyweight stocks that dragged the index down, HDFC Bank fell over 1% while Reliance Industries fell 0.5%.
Most Adani group companies gained across indices after the Securities and Exchange Board of India Thursday gave a clean chit to the company on allegations of stock manipulation by US-based short-seller Hindenburg Research. Holding company Adani Enterprises was the biggest gainer in the Nifty 50 and ended over 5%. Adani Power, Adani Total Gas, Adani Green Energy, and Adani Energy Solutions rose 12%, 7%, 5%, and 4% respectively.
Among sectoral indices, Nifty Consumer Durable, Nifty Private Bank and Nifty Financial Services declined 0.6% and they were the biggest losers. Nifty PSU Bank rose over 1%, Nifty Energy gained nearly 1%, and Nifty Realty closed 0.5% up. All broader market indices ended in green except for Nifty Midcap 50, which fell marginally. (P. Madhu Kumar)
Equity Alert: Nifty 50 Sept ends at 99.65-point premium to spot index
MUMBAI--1545 IST--The September futures contract of the Nifty 50 closed at a premium of 99.65 points to the spot index Friday. Open interest in the contract was flat at 15.57 million, according to provisional data.
--Nifty 50 closed at 25327.05 points, down 96.55 points or 0.4% vs Thu
--Nifty 50 September closed at 25426.70 points, down 84.20 points or 0.3% vs Thu
Nifty 50 options, expiring Sept. 23, with maximum change in open interest:
Call: 25400, Put: 25300
Nifty 50 options, expiring Sept. 23, with maximum open interest:
Call: 25400, Put: 25300
(Akash Mandal)
Equity Alert: Indices in Europe rise; Germany inflation print beats estimate
MUMBAI--1400 IST--All major European indices were higher in early trade Friday. Germany's producer prices fell more than expected in August, while the UK's retail sales for the same month rose more than anticipated.
Germany's DAX Performance index was up 0.4%. The nation's producer price index for August fell 2.2% on year, more than the 1.7?cline expected by Reuters. Shares of pharmaceutical company Bayer were up 1%. Among automobile companies, shares of Volkswagen, BMW, and Auto1 Group were up 1?ch.
UK's FTSE 100 index was also higher in early trade. The country's retail sales figure for August was revised to a 0.5% growth, higher than the Reuters estimate of a 0.3% increase. In a separate data release, UK government borrowing increased more than expected between April and August. The country's public sector borrowing rose $15.4 billion in the period, marking the second highest borrowing amount since 1993, CNBC reported.
Shares of Kuehne und Nagel International were down 8% in early trade after brokerage Deutsche Bank downgraded its recommendation on the Swiss logistics company to 'hold' from 'buy' earlier. Shares of UK merchant bank group Close Brothers fell almost 3?ter the company delayed its preliminary 2025 results by one week. Shares of Stalibus, a German automotive supplier, were down more than 4?ter the company announced to cut 450 jobs worldwide, according to a Reuters report.
Market participants turned their attention towards the call between Chinese President Xi Jinping and US President Donald Trump, which is expected to finalise the framework deal on short-video application TikTok.
Following were the levels of major European indices at 1400 IST:
|
Index |
Level |
Change in % |
|
FTSE 100 Index |
9236.32 |
0.09 |
|
CAC 40 |
7931.18 |
0.97 |
|
MIB INDEX |
42647.46 |
0.80 |
|
DAX PERFORMANCE-INDEX |
23777.35 |
0.43 |
|
SLI |
1995.33 |
0.37 |
(Eshitva Prakash)
Equity Alert: Asian indices end down; Japan central bank signals end of stimulus
MUMBAI--1410 IST--Most Asian indices closed lower Friday. Japan's Nikkei 225 index fell after hitting a record high earlier in the session after the country's central bank said it will gradually sell its holdings of exchange-traded funds and real-estate investment trusts, phasing out the monetary stimulus provided by the bank.
Japan's Nikkei 225 index closed 0.6% lower and Topix fell 0.4%. Bank of Japan kept its short-term policy rate unchanged at 0.5%, in line with market expectations. The proposal was passed with a majority, but two dissenters voted in favour of a hike in key rates. "If our economic and price forecasts materialise, we will continue to raise interest rates in accordance to improvements in the economy and prices," Bank of Japan Governor Kazuo Ueda was quoted as saying by Reuters. The country's core consumer price index rose 2.7% on year in August, in line with market expectations but higher than Bank of Japan's target of 2.0%.
In a statement, Bank of Japan said it will sell its holdings of exchange-traded funds in the market at an annual pace of around $2 billion. "This marks a significant and symbolic step away from the ultra-loose policies of the Abenomics (pro-growth policies pushed by former Prime Minister Shinzo Abe) era," Matt Simpson, senior market analyst at StoneX, was quoted as saying by Dow Jones Newswire. Shares of Fast Retailing fell 4.5% and shares of electronic component manufacturer TDK fell over 3%.
Market participants are waiting for news on a call between Chinese President Xi Jinping and US President Donald Trump to finalise the transfer of short-video platform TikTok into US hands. China's blue-chip CSI 300 index closed slightly higher while South Korea's Kospi fell 0.5% and Hong Kong's Hang Seng index ended flat.
Following were the levels of key Asian indices at 1325 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4501.9195 |
0.08 |
|
Hang Seng Index |
26533.9 |
(-)0.04 |
|
Nikkei 225 Day |
45045.81 |
(-)0.57 |
|
TOPIX FIRST SECTION |
3147.68 |
(-)0.35 |
|
KOSPI |
3445.24 |
(-)0.46 |
|
FTSE Singapore Strait Times |
4303.67 |
(-)0.21 |
|
S&P/ASX 200 Index |
8773.5 |
0.32 |
(Eshitva Prakash)
Equity Alert: Indices remain down; Nifty Bank snaps 12-day winning streak
MUMBAI--1315 IST--Benchmark indices remained lower, with most of the Nifty 50 constituents trading in the red. Fall in shares of private sector banks pushed the Nifty 50 down and the Nifty Bank index snapped a 12-session winning streak.
At 1237 IST, the Nifty 50 was at 25293.95 points, down 122 points or 0.5%, and the BSE Sensex was at 82514.95 points, down 499 points or 0.6%. India VIX, the market's fear indicator, was up nearly 3% at 10.1475. The India VIX rose after falling for the previous three sessions.
Index heavyweights ICICI Bank and HDFC Bank were down more than 1%. However, shares of public sector banks rose more, with the Nifty PSU Bank index up over 1% as compared with marginal gains during opening.
Shares of Reliance Industries were down nearly 1%, snapping their winning streak of seven straight sessions. Information technology companies Tech Mahindra, Wipro, and HCL Technologies were down 0.1-1.0%. Adani group companies remained higher, with Adani Enterprises up over 4%.
Among major stock movements, Vodafone Idea rose sharply by over 10?ter the government told the Supreme Court that some solution would be required on the company's plea seeking relief on adjusted gross revenue dues. Shares of the telecom company rose to their highest level of INR 8.80 in over seven months. (Arundathi A R)
Equity Alert: Vodafone Idea up 12%; govt tells SC need solution on AGR plea
MUMBAI--1305 IST--Shares of Vodafone Idea surged over 12% to INR 8.82, their highest level in seven months, after the government told the Supreme Court that some solution may be required on the company's petition to quash the additional adjusted gross revenue demanded by the Department of Telecommunications. At 1255 IST, shares of the company were up around 9% at INR 8.53 and were among the top gainers in both the Nifty 200 and Nifty 500 indices. So far in the day, around 2 billion shares of the company have been traded on the NSE, over five times the 372.49 million shares traded till the same time Thursday.
The Supreme Court can also grant some indulgence in Vodafone Idea's plea in the adjusted gross revenue case, said Solicitor General Tushar Mehta, appearing for the government. In larger public interest, the government has infused 49% equity into Vodafone Idea, Mehta added. The apex court observed that there has to be some finality to these proceedings and has deferred the hearing of the company's plea to Sept. 26. Earlier this week, the Supreme Court had assigned Sept. 19 as the date of hearing the plea.
The company had filed a petition against the telecom department's additional adjusted gross revenue demand of INR 94.50 billion till 2018-19 (Apr-Mar). It argued that the telecom department has been raising additional demand stating the dues claimed were above and beyond the adjusted gross revenue dues as finalised by the Supreme Court in 2020. In 2020, the apex court had crystallised all adjusted gross revenue dues of the company for the period till FY17.
According to the petition, of the INR 94.50 billion demand, INR 56.06 billion was for the period till FY17, which has already been specified by the top court. The additional demand of INR 56.06 billion pertains only to licence fees dues. However, if additional spectrum usage charge demands for the period of FY17 are also considered, this amount is about INR 68 billion, the petition said. (Arya S. Biju)
Equity Alert: Asahi India down over 3%; co allots shares via QIP at discount
MUMBAI--1300 IST--Shares of Asahi India Glass fell nearly 4% to an intraday low of INR 883.80 after the company allotted 11.84 million shares of the company at a discount to the stock's closing price Monday, when its qualified institutional placement had opened. At 1300 IST, the stock traded 3.5% lower at INR 885.10.
The company Friday said it allotted the shares worth INR 11.84 million at INR 844.79 apiece, a discount of over 5% from its closing price of INR 893.80 Monday. The company allotted these shares of 24 qualified institutional buyers, with Theleme India Master Fund and Nippon India Small Cap being allotted 21% of these shares each.
Till 1300 IST, 158,454 shares of the company were traded on the NSE, lower than the 283,187 shares traded till the same time Thursday. (Akash Mandal)
Equity Alert: Most Adani cos still below Jan '23 level post Hindenburg claims
MUMBAI--1215 IST--Adani group companies continued to trade higher a day after the Securities and Exchange Board of India gave a clean chit to the conglomerate over allegations made by Hindenburg Research. However, shares of most of these companies were still lower compared to their levels on Jan. 24, 2023, when Hindenburg had levelled allegations of accounting manipulation against the Adani Group.
Only two Adani group stocks were trading above their Jan. 24, 2023 levels, when the US short sellet had put out its initial report on the group. Adani Ports and Special Economic Zone and Adani Power were up 88% and 148% from the January 2023 levels, respectively.
Other group companies, such as Adani Energy Solutions, Adani Enterprises, Adani Green Energy, and Adani Total Gas, were down 28-83% in the same period. Among these, Adani Total Gas had fallen as much as 86?ter the allegations were made in 2023 and has barely recovered since. On Friday, the stock was still down 83% from its January 2023 level.
At 1214 IST, Adani Power was up nearly 8% and was the top gainer among Adani group companies. Adani Total Gas, Adani Enterprises, Adani Green Energy, and Adani Energy Solutions were up 1-7%.
Adani Ports and Adani Power have recovered and risen past their January 2023 levels due to brokerages being positive on their growth prospects, thus being the top-performing stocks in the group. Brokerages believe Adani Ports has the highest growth prospects on the back of expansion into new segments and a robust growth in cargo volumes. "With a well-spread-out network of 15 ports across India's coastlines and 4 international ports, ADSEZ is expected to benefit from India's increasing global trade," Prabhudas Lilladher had said in a report post the company's June quarter earnings. Improving contributions from its marine and logistics operations give the company long-term growth visibility, it added.
Brokerages have also been positive on Adani Power despite weak earnings in the past few quarters due to lower power demand. "...we expect new tenders from state discoms (power distribution companies) to improve the outlook of the upcoming untied capacity," ICICI Securities had said post the company's June quarter results.
The remaining Adani group companies have delivered underwhelming earnings over the past few quarters. The group's flagship company, Adani Enterprises, reported an on-year fall in both top line and bottom line in the June quarter. Adani Total Gas' profits have also fallen on year over the past two quarters. (Akash Mandal)
Equity Alert: Kaynes Technology falls nearly 5% as CEO Rajesh Sharma resigns
MUMBAI--1245 IST--Kaynes Technology fell nearly 5% to an intraday low of INR 6,882 after the company's Chief Executive Officer Rajesh Sharma resigned from the post. At 1201 IST, nearly 700,000 shares of the company changed hands as compared to 114,800 shares traded till the same time Thursday. The stock traded nearly 2% lower at INR 7,105, falling for the second consecutive session.
Sharma's resignation will come into effect on Oct. 31. The company said in its press release that Sharma resigned from his post to pursue opportunities outside organisation. "At this juncture, I believe it is time for me to embark on a new professional journey to take up another exciting and challenging assignment," Sharma said in the release.
Out of the eight brokerage reports available on the company with Informist, four brokerages have a 'buy' or equivalent rating with an average target price of INR 6,165. Three brokerages have a 'hold' rating with an average target price of INR 6,183 and only one brokerage has a 'reduce' rating with a target price of INR 6,310. (P. Madhu Kumar)
Equity Alert: Kotak Equities cautious on aluminum cos on weak fundamentals
MUMBAI--1242 IST--Kotak Institutional Equities remains cautious about aluminum producers due to the downside risks to aluminum prices and weak fundamentals. "We find better risk-reward for ferrous players over non-ferrous players due to better growth visibility, supportive trade policies and superior return profiles," it said in its research report.
The broking firm said the fundamentals are "fragile" for the aluminum sector due to lack of cost support, headwinds from US tariff-led uncertainties, and consequent demand destruction. Alumina prices are close to a two-year low and new capacities are expected to keep the market in structural surplus. Aluminum prices on the London Metal Exchange rose 5% in the last one month due to macroeconomic tailwinds from a weak dollar, rate cut expectations from the US Federal Reserve, and a likely de-escalation in trade wars, Kotak Equities said.
The brokerage also expects aluminum demand to lose momentum in the second half of 2025-26 (Apr-Mar) due to the ongoing uncertainties about US tariffs and consequent destruction in demand. It estimates the global aluminum demand to slow down to 1.8% in 2025 and to 1.7% in 2026 from 3.7% in 2024.
Aluminum spot spreads are close to the record high of $1,690 per tonne hit in February 2022 on fear of supply disruption from the Russia-Ukraine war. "We estimate that 98% of global smelting capacity is profitable on a cash cost basis at current aluminum prices." (Anjana Therese Antony)
Equity Alert: Nomura ups target price for GE Vernova on likely higher exports
MUMBAI--1108 IST--Nomura Global Markets Research raised the target price for shares of GE Vernova T&D India by 13% to INR 3,350 and retained its 'buy' rating on the stock. The brokerage raised the power transmitter and distributer's target price on expectation of higher export order inflow and a growth in the company's domestic order book.
Nomura Global also raised the company's earnings before interest, tax, depreciation, and amortisation margin estimates by 90-180 basis points over 2024-25 to 2027-28 (Apr-Mar). However, going ahead, the brokerage sees a gradual reduction in the company's pricing power due to increasing supply in the industry, leading to a gradual moderation in its gross margins. Nomura Global raised its earnings per share estimates on GE Vernova by 7-8% over FY25-FY28. Accounting for large export orders, the broking firm also increased the company's total order inflow estimate to INR 444 billion from INR 347 billion for the same period.
Shares of GE Vernova T&D hit an all-time high of INR 3,064 in early trade Friday. At 1104 IST, shares of the company traded at INR 3,056.90, up 2.4%. Nomura's new target price indicates an over 12% upside from the stock's Thursday close.
For FY26, the company's management expects a total base order inflow of INR 75 billion, excluding large export and high-voltage direct-current orders. The company expects its domestic market opportunity at INR 2.20 trillion in FY25-FY27 and FY28-FY30, each due to a large demand for high voltage direct current. It expects two of these orders, in South Olpad, Gujarat and South Kalamb, Maharashtra, to be awarded by FY26 and 1-2 high-voltage direct-current orders to be awarded annually over the next 5-6 years.
The company expects its high-voltage direct-current market opportunity at INR 1.8 trillion for FY25-FY30, accounting for 40% of the domestic market opportunity, Nomura said. The company sees its annual domestic market reaching INR 900 billion by 2030, up 3.4 times from 2022.
GE Vernova T&D expects its global market opportunity to expand to $175 billion from $80 billion in 2023, and forecast exports to account for nearly 30% of its revenue. The company expects base export order inflow to remain at $9 billion-$10 billion in FY26, similar to inflows in previous years.
The company expects to receive large orders worth INR 20 billion-INR 30 billion from its parent Grid Equipments, in addition to base export order inflow of INR 10 billion amid an "era of unprecedented demand for high-voltage direct-current systems in the European Union and West Asia, and the cost arbitrage advantage," Nomura said. The company approved resolution of related-party orders worth nearly INR 30 billion in FY26, after receiving large order inflows of INR 22 billion from its parent company in FY25.
GE Vernova T&D announced a capital expenditure of INR 2.5 billion, out of which, INR 1.1 billion is expected to be used for improving existing capacity and the balance amount will be used to set up new high-voltage direct-current and static synchronous compensator facilities. "We believe GVTD's current installed capacity is sufficient to execute the current order book and one HVDC order. However, the new facilities will enhance its revenue potential and enable it to execute the future orders," Nomura said. (Eshitva Prakash)
Equity Alert: Adani group cos at 1-2 mo highs; SEBI quashes Hindenburg claims
MUMBAI--0958 IST--Shares of Adani Group companies surged in early trade Friday after the Securities and Exchange Board of India Thursday dismissed allegations by US short-seller Hindenburg Research regarding accounting manipulation claims against Adani group companies. Adani Total Gas, Adani Power, Adani Enterprises, and Adani Energy Solutions rose between 3% and 9%, ranking among the top gainers in the market. Most Adani stocks climbed to near one- or two-month highs, with Adani Total Gas touching a near three-month peak.
The market regulator said there is no violation of its listing norms as the disputed transactions do not qualify as 'related party transactions'. The regulator said findings of the investigation showed that the group's listed company Adani Ports and Special Economic Zone transferred funds as loans to Adicorp Enterprises, which in turn transferred funds as loans to another listed player, Adani Power. Subsequently, Adani Power repaid the loans to Adicorp Enterprises along with interest, which in turn repaid the loans to Adani Ports with interest, SEBI said.
In January 2023, Hinenburg had alleged Adicorp Enterprises, Milestone Tradelinks, and Rehvar Infrastructure were used as conduit entities to route funds from various Adani group companies to fund some of the conglomerate's listed firms. These allegations had led to the stock prices of Adani group companies to plummet. (Akash Mandal)
Equity Alert: Nomura says price cuts to hit Maruti Suzuki's margin by 100 bps
MUMBAI--1002 IST--Nomura Global Markets Research sees some impact on the margins of Maruti Suzuki due to efforts to revive demand in the entry-level segment, in which it has been losing market share due to shifting consumer preferences and low income growth. The company Thursday reduced prices of these cars to pass on the benefit of the goods and services tax cut. According to the brokering firm's calculation, the price cut due to lower GST rate should have been 6.5%, but the company has announced an average price reduction of 7.5% due to much higher price cuts in the entry segment cars, Brezza and Grand Vitara.
Shares of Maruti Suzuki rose 1.5% Friday to an all-time high of INR 16,060. The stock is up for the fourth consecutive session and has risen more than 5% over this period. At 0955 IST, shares of the company traded at INR 15,856, up 0.3%.
Nomura expects the reduction in prices, higher than the GST cut, to have a 100-basis-point impact on Maruti Suzuki's margins in the near term. However, it has the potential to improve market share and operating leverage if consumer response is positive, Nomura said. Moreover, the company will also have to gauge losses in inventory due to higher price cuts.
"Moreover, all OEMs (original equipment manufacturer) may have to bear the impact of compensation cess on their dealer inventory if it is not refunded by the government. Wholesale volume management in September may prove to be challenging for most OEMs given the entire month's shipments will need to be executed from Sept. 22." Nomura believes a sustained recovery in entry-level car demand would depend on a broader macro recovery and income growth in the target customer segment.
The key aspect to monitor will be whether lower upfront prices drive the lower-income population to buy entry-level cars. The brokerage believes the reason this section of the population has refrained from buying such cars is because wage growth has slowed over the past few years, even as the cost of cars and cost of living have increased sharply. Additionally, car ownership comes with other costs, such as fuel costs, parking, tolls, and maintenance, and the preference for sport utility vehicles was higher than entry-segment cars, which adds pressure on buying sentiment in this segment.
For the Brezza, the price cut of 8% is more than the 3.5% GST benefit to maintain competitiveness against competing models such as the Hyundai Venue and MM 3X0, which got an 8.5% GST benefit, the brokerage said. "Our base case so far has been that the compact SUV segment holds the highest potential for share gain, as consumers may look to upgrade from hatchbacks to compact SUVs," Nomura said. The brokerage prefers Mahindra & Mahindra, Hyundai, Asok Leyland, and TVS Motor.
Of the 25 brokerage reports on the stock available with Informist, 21 have a 'buy' or equivalent rating on the stock and four have a 'hold' or equivalent rating. So far Friday, 182,160 shares of the company have changed hands on the NSE, higher than 118,323 shares traded during the same period on Thursday. (Simran Rede)
Equity Alert: Mkt opens down; Adani cos surge as SEBI dismisses allegations
MUMBAI--0949 IST--Benchmark indices opened lower with banks as the top laggards in the Nifty 50 index. Adani group companies surged at open as the Securities and Exchange Board of India dismissed allegations against group companies by Hindenburg Research.
HDFC Securities in a note Thursday had said that the Indian indices may open lower Friday "as investor sentiment has been dampened by the revocation of sanctions relief for India at Iran's Chabahar port." At 0938 IST, the Nifty 50 was down 0.4% at 25324.50 points and the Sensex fell 0.4% to 82652.71 points.
Nestle India declined over 1% and was the worst performing stock in the Nifty 50. Tata Consultancy Services, Grasim Industries, and Hindalco Industries fell nearly 1%. Among the heavyweights in the 50-stock index, ICICI Bank and HDFC Bank fell 0.5-0.7%.
Adani group companies were the top gainers. Shares of Adani Enterprises rose nearly 4?ter the Securities and Exchange Board of India gave a clean chit to the company on the allegations of accounting manipulation by Hindenburg Research. All Adani companies gained with Adani Total Gas, Adani Power, and Adani Energy Solutions up 4-9%.
Among sectoral indices, Nifty IT was down nearly 1% and emerged as the top loser. Nifty Private Bank and Nifty Financial Services fell 0.4%. Nifty Energy and Nifty PSU Bank gained 0.6% and 0.5%, respectively. (P. Madhu Kumar)
Equity Alert: Citi ups target price of some automobile stocks by 17-33%
MUMBAI--0845 IST--Automobile stocks will be in focus after global brokerage Citi raised its target price for some auto makers. The brokerage has raised its target price for Hero MotoCorp and Eicher Motors by 17% and 25% to INR 6,100 and INR 7,850, respectively, maintaining a 'buy' rating on both. These new target prices imply a potential upside of around 14% from the current levels.
It has maintained a 'sell' rating on Bajaj Auto and TVS Motor Co. but raised target price by 8% and 33% to INR 7,900 and 2,800, respectively. The brokerage said the impact of multiple macroeconomic tailwinds will be higher for two-wheeler makers than for companies in the passenger vehicles segment.
Morgan Stanley has maintained an 'overweight' rating on Maruti Suzuki India with a target price of INR 18,360, implying a potential upside of 16% from the current levels. The company is working to revive its first-time car buyers segment, which will be a growth driver, NDTV Profit reported the brokerage as saying. The financial impact will be neutral to positive when aggressive discounts are removed once volumes revive, it added.
Automobile stocks have been among the biggest gainers in the past few weeks when the benchmark indices have also posted robust gains. The Nifty Auto has gained 9.5% so far this month and is the top gainer among sectoral indices during the period after the Nifty India Defence. Mahindra & Mahindra, Eicher Motors, Ashok Leyland, and TVS Motor Co. have gained 8-14%. (Akash Mandal)
Equity Alert: Most Asian indices rise; Bank of Japan rate decision eyed
MUMBAI--0809 IST--Most indices in Asia were higher in early trade Friday, tracking overnight gains in the US market. Japan's Nikkei 225 rose to fresh record intraday highs after the country's core inflation rate in August fell to its lowest level since November. Market participants await Bank of Japan's decision on interest rates, due later in the day.
Japan's Nikkei 225 Day index was 0.8% higher. Consumer price inflation for August in Japan rose 2.7% on year, in line with market estimates but higher than the country's central bank target of 2%. The reading showed a small increase from July. Market participants await the conclusion to Bank of Japan's two-day meeting where the central bank is expected to keep its short-term policy rate steady at 0.5%.
"We expect the BOJ to raise rates by early next year, but it is unclear whether officials will be able to make a decision this coming October," Reuters quoted Kei Fujimoto, senior economist at SuMi TRUST, as saying.
Japan's Topix gained 0.6% and the Chinese CSI 300 was up 0.4%. Meanwhile, South Korea's Kospi fell 0.4% and the FTSE Singapore Strait Times index was also lower.
Following were the levels of key Asian indices at 0805 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4506.8342 |
0.19 |
|
Hang Seng Index |
26533.32 |
(-)0.04 |
|
Nikkei 225 Day |
45637.33 |
0.74 |
|
TOPIX FIRST SECTION |
3178.8 |
0.63 |
|
KOSPI |
3448.8 |
(-)0.36 |
|
FTSE Singapore Strait Times |
4310.49 |
(-)0.05 |
|
S&P/ASX 200 Index |
8817.3 |
0.82 |
(Eshitva Prakash)
Equity Alert: Indices likely to consolidate but sentiment remains strong
MUMBAI--0804 IST--Benchmark indices are likely to move in a narrow range with a positive bias as sentiment remains positive on hope of trade deals with the US and the European Union. Both indices are likely to rise more in the coming sessions, but gains are expected to be gradual. The 25500 level is the immediate hurdle for the Nifty 50, and the index may see more gains if it manages to cross this resistance, analysts said. The index is expected to find support at around 25200-25300 points.
"Derivatives positioning continues to reflect optimism, with put writers maintaining an edge over call writers," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note. "The put-call ratio eased marginally to 1.09 from 1.16, still reflecting a positive bias...short consolidation phases or shallow dips may act as accumulation windows," he added.
The September contract of the Nifty 50 indicates a flattish start for the market. At 0755 IST, the contract was at 25466.50 points, flat from its previous close. On Thursday, the Nifty 50 closed at 25423.60 points, up 93.35 points or 0.4%. The BSE Sensex ended at 83013.96 points, up 320.25 points or 0.4%. Both benchmark indices have seen short covering over the past few weeks, which has been driving gains in the market. Both the indices have gained 4% so far this month.
Overnight, indices in the US ended at record highs and continued their bull run. The Nasdaq Composite has gained nearly 5% so far this month, while the S&P 500 has gained nearly 3%. The Dow Jones Industrial Average has risen a little over a percent in the same period. Intel surged 23%, posting its biggest daily gain since October 1987, after Nvidia said it would invest $5 billion in the struggling US chipmaker, Reuters reported. Nvidia rose nearly 4%. Most Asian indices were higher in early trade Friday, tracking gains in the US market. (Akash Mandal)
Equity Alert: US indices at record highs; Intel up 23% on Nvidia investment
MUMBAI--0745 IST--Indices in the US closed at record highs Thursday, a day after the US Federal Reserve cut its key interest rates by 25 basis point. Reports of a partnership between technology giants Nvidia and Intel pushed the Nasdaq Composite and the S&P 500 technology index higher.
The technology-heavy Nasdaq Composite closed nearly 1% higher. Shares of Intel jumped 23?ter Nvidia announced it will invest $5 billion in the former, according to media reports. Shares of Nvidia also rose and gained 3.5?ter it had closed lower in the previous session following a report that Chinese technology firms may stop buying chips from the company.
Initial claims for unemployment benefits in the US fell 33,000 during the week ended Saturday to a seasonally adjusted 231,000. This reading was lower than the 240,000 claims estimated by Reuters. Jobless claims had risen to 264,000 in the previous week.
Among stocks, shares of cybersecurity company CrowdStrike Holdings closed nearly 13% higher after nine brokerages raised their target price on the stock, according to a Reuters report. Meanwhile, shares of Darden Restaurants fell 7.7?ter its parent company, Olive Garden, missed quarterly profit estimates.
Following are the closing levels of US indices Thursday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6631.96 |
0.48 |
|
NASDAQ Composite |
22470.73 |
0.94 |
|
Dow Jones Industrial Average |
46142.42 |
0.27 |
(Eshitva Prakash)
US$1 = INR 88.09
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT]
End
Editd 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.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
