Equity Alert
Indices likely to open lower, move in thin range thereafter
This story was originally published at 08:19 IST on 23 September 2025
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Equity Alert: Indices likely to open lower, move in thin range thereafter
MUMBAI--0756 IST--Benchmark equity indices are likely to open lower and move in a relatively narrow range Tuesday, consolidating after declining for two straight sessions. The Nifty 50 has fallen over 220 points during these two sessions. The index is likely to move in a range of 25000-25500 points. Information technology stocks will be in focus yet again as market participants assess impact of visa rule changes by the US on these companies.
"On the levels front, the range of 25100-25000 constitutes a significant support zone, as it corresponds with the 20-DEMA (daily exponential moving average) and a bullish gap observed on the daily charts...provided that this zone remains intact, it is advisable to pursue long positions in proximity to these support levels," Osho Krishan, senior analyst of technical and derivatives at Angel One, said in a note.
The September contract of the GIFT Nifty also indicated a weak start for the market. At 0749 IST, the contract was at 25252 points, 53 points lower than its previous close. On Monday, the Nifty 50 closed at 25202.35 points, down 124.70 points or 0.5%. The BSE Sensex ended at 82159.97 points, down 466.26 points or 0.6%.
Indices in the US notched record closes for the third straight session overnight but the gains were marginal. Technology stocks led the gains with Nvidia rising 4?ter the company said it will invest up to $100 billion in artificial intelligence firm OpenAI. Asian indices were mixed in early trade Tuesday after a higher opening tracking Wall Street. (Akash Mandal)
Equity Alert: US indices at record highs, tech stocks lead charge
MUMBAI--0730 IST--Benchmark equity indices in the US posted their third consecutive record closing highs Monday amid sharp gains in information technology stocks. Market participants await personal consumption expenditure price index numbers, due later in the week. This print is considered to be the US Federal Reserve's preferred gauge for inflation.
The technology-heavy Nasdaq Composite rose 0.7% as shares of chipmaker Nvidia rose 4?ter the company said it would invest $100 billion in OpenAI to support development of data centres. The new deal could signify that the artificial intelligence trade will continue to "drive earnings per share and share price growth into 2026 and beyond," Sam Stovall, chief investment strategist at CFRA Research, was quoted by CNBC as saying.
Shares of Oracle Corp. jumped over 6?ter the company Monday said it had promoted its president of cloud infrastructure, Clay Magouyrk and president of industries Mike Sicilia as co-chief executive officers. Shares of Apple were up over 4?ter brokerage Wedbush Securities raised its target price on the company on strong demand for the latest iPhone 17, according to a Reuters report. Shares of Tesla also rose 2%.
Shares of Kenvue Inc. fell 7.5% as traders awaited US President Donald Trump's comments on Tylenol, a painkiller used in the treatment of autism. However, shares of the company gained 4.7% in afterhours trading despite the US president saying the Food and Drug Administration would advise pregnant women against using acetaminophen, an active ingredient in Tylenol, a report by Reuters said.
Traders are monitoring the impact of the US raising H-1B fees for foreign workers that may affect US technology companies hiring overseas employees. In separate addresses Monday, newly appointed Fed Governor Stephen Miran argued for sharply lower rates while three other Fed officials said the central bank needed to remain cautious about inflation, according to Reuters.
Following are the closing levels of US indices Monday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6693.75 |
0.44 |
|
NASDAQ Composite |
22788.98 |
0.7 |
|
Dow Jones Industrial Average |
46381.54 |
0.14 |
(Eshitva Prakash)
End
US$1 = INR 88.31
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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