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

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Equity Alert: Most Asian indices up, Chinese mkts dn on unch loan prime rates

 

MUMBAI--0815 IST--Most Asian indices were higher in early trade Monday barring the markets in China where the central bank left loan prime rates unchanged for the fourth month in a row. US President Donald Trump's upward revision to H-1B visa fee weighed on trader sentiments as technology companies in the US rely heavily on workers from India and China.

 

The People's Bank of China maintained one-year loan prime rate at 3% and the five-year loan prime rate at 3.5%, in line with Reuters estimate. The one-year rate affects new and outstanding loans and the five-year rate impacts the price of mortgages. China's blue-chip CSI 300 index was down 0.1% in early trade.

 

The US administration clarified that the new $100,000 fees will be levied on new applicants. The new rates came into effect Sunday. H-1B visa petitions submitted before the effective date will not be affected by this change in price, a report by The Hindu said.

 

Japan's Nikkei 225 advanced 1.5%. The 10-year Japanese Government Bonds rose 0.67% to 1.650, the highest level since July 2007, according to a CNBC report. South Korea's Kospi rose nearly 1% while Hong Kong's Hang Seng index was the worst performer, down 1%.

 

Following were the levels of key Asian indices at 0814 IST:

Index	Level	Change in %
CSI 300 Index	4503.57	0.07
Hang Seng Index	26294.55	(-)0.87
Nikkei 225 Day	45729.33	1.52
TOPIX FIRST SECTION	3175.87	0.91
KOSPI	3470.37	0.7
FTSE Singapore Strait Times	4304.75	0.03
S&P/ASX 200 Index	8798.10	0.28

 

(Eshitva Prakash)

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Equity Alert: Mkt may open lower; IT cos under pressure on H-1B visa changes

 

MUMBAI--0805 IST--Benchmark indices are likely to open lower Monday and may move in a relatively narrow range after already gaining over 3% this month. Information technology stocks are likely to be under pressure after the US imposed a hefty fee for H-1B visa applications. However, analysts expect the downside in the overall market to be limited. The Nifty 50 is likely to move in a range of 25150-25450 points. 

 

IT stocks are likely to open lower due to pressure over the new $100,000 fee on H-1B visas. "IT stocks may witness knee-jerk reaction on Monday and can open gap down with cut of 1-3%," Sunny Agrawal, head of research at SBICAPS Securities, was quoted by the Economic Times as saying. The American Depository Receipts of Infosys and Wipro fell as much as 4% overnight after the new fee was announced.

 

The new goods and services tax regime announced by Prime Minister Narendra Modi on Independence Day will come into effect from Monday. Trade talks between the US and India will be in focus, with Trade Minister Piyush Goyal scheduled to visit the US later in the day to discuss the proposed bilateral trade agreement. A favourable trade deal for India will be the next big trigger for the market, analysts said. 

 

The September contract of the GIFT Nifty indicates a slower start for the market. At 0803 IST, the contract was at 25334.50 points, 21.50 points lower than its previous close. On Friday, the Nifty 50 had closed at 25327.05 points, down 96.55 points or 0.4%. The BSE Sensex ended at 82626.23 points, down 387.73 points or 0.5%.

 

Indices in the US had ended with slight gains Friday, with all three indices ending at fresh closing highs. Trading volumes rose to the highest levels since April amid a bull run in the market. Most Asian indices were higher in early trade Monday.  (Akash Mandal)

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Equity Alert: US indices hit record highs Fri; Apple up as iPhone sales begin

 

MUMBAI--0743 IST--Equity indices in the US notched record closing highs again on Friday. The S&P 500 and the Nasdaq Composite indices closed higher, gaining for three consecutive weeks, helped by the US Federal Reserve's move to cut lending rates Wednesday. Market participants focused on details of a call between leaders of the US and China, which US President Donald Trump described as "very productive."

 

The Nasdaq Composite closed over 0.7% higher and shares of Apple rose more than 3?ter the company's latest iPhone went on sale. JP Morgan raised the company's target price to $280 from $255, Reuters reported. The Dow Jones Industrial Average index closed 0.4% higher, marking two consecutive weeks of gains.

 

Among other gainers, shares of Oklo and Nano Nuclear Energy rose 21-29%. Shares of Paramount Skydance rose nearly 6?ter media reports laid out more details about the company's likely bid for Warner Bros. Discovery. Shares of Warner Bros. Discovery were up more than 3%.  

 

Following are the closing levels of US indices Friday:

 

Index	Level	Change in %
S&P 500	6664.36	0.49
NASDAQ Composite	22631.48	0.72
Dow Jones Industrial Average	46315.27	0.37

 

(Eshitva Prakash)

 

US$1 = INR 88.09

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

End

 

Edited by Tanima Banerjee

 

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.

 

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