More Stories

Informist, Thursday, Sept. 25, 2025                                      Tel +91 (22) 6985-4000

---

Equity Alert: Asian indices mixed amid concerns about tech stock valuations 

 

MUMBAI--0831 IST--Equity indices in Asia were mixed in early trade Thursday as market participants were cautious about the valuation of artificial intelligence stocks, following overnight losses in US technology stocks. Traders' bets were measured after US Federal Reserve Chair Jerome Powell, in his Rhode Island speech Tuesday, raised concerns about high stock valuations in the US market. 

 

Hong Kong's Hang Seng index was flat in early trade. Shares of Chinese carmaker Chery Autombile rose 11% at its trading debut in Hong Kong Thursday, according to media reports. The company was forced to cancel the listing ceremony as super typhoon Ragasa continued to affect weather conditions in the region. Shares of Xiaomi advanced almost 2?ter the company released several new devices and appliances Wednesday.

 

South Korea's Kospi was also flat, but several defence stocks continued to gain, following US President Donald Trump's agressive shift of stance on the Russia-Ukraine war as he called for greater contributions from US allies against Russia. Shares of Korea Aerospace and Poongsan traded 1-3% higher.

 

The Taiwan Semiconductor Manufacturing Co. was down 1?ter Bloomberg reported that the chip giant was seeking investment from Apple.

 

Following were the levels of key Asian indices at 0823 IST:

 

Index	Level	Change in %
CSI 300 Index	4597.50	0.69
Hang Seng Index	26531.74	0.05
Nikkei 225 Day	45719.71	0.20
TOPIX FIRST SECTION	3183.97	0.43
KOSPI	3468.11	(-)0.12
FTSE Singapore Strait Times	4282.06	(-)0.19
S&P/ASX 200 Index	8786.40	0.25

 

(Eshitva Prakash)

---

Equity Alert: UBS ups Dixon Tech to buy; sales seen rising 2.5 times by FY28

 

MUMBAI--0815 IST--Global brokerage UBS has upgraded its rating on Dixon Technologies (India) to 'buy' from 'neutral' and raised its target price on the stock to INR 23,000 from INR 13,000, implying a potential upside of 27% from the stock's latest closing price. On Wednesday, the stock had closed 0.2% higher at INR 18,161. 

 

The upgrade comes after UBS analyst Akshay Gattani assumed coverage on the stock due to strong growth potential through backward integration into non-semiconductor smartphone components, including displays, camera modules, enclosures and batteries, Investing.com reported. 

 

This new growth phase could boost the company's earnings before interest, tax, depreciation, and amortisation marging by 110 basis points by 2027-28 (Apr-Mar), compared to the expected margin expansion of 40 bps, CNBC-TV18 cited the brokerage as saying. The company's top line is expected to reach $11 billion by FY28, representing 2.5 times growth from current levels, it said. Growth drivers for the company include expansion of its components operations beyond captive use, exports, new verticals, and potential acquisitions.  (Akash Mandal)

---

Equity Alert: Indices seen in range; sentiment cautious after recent gains

 

MUMBAI--0758 IST--Benchmark indices are likely to move in a narrow range Thursday amid a lack of fresh triggers for the market. The sentiment is likely to remain cautious after the recent strong gains, with investors now focussing on the September quarter earnings and trade talks between India and the US. The Nifty 50 is likely to move in a range of 24800-25200 points during the session.

 

The Nifty 50 is unlikely to fall significantly, with the 25000 level expected to act as a crucial support. "Call writing alongside with put addition indicate some sort of consolidation around current levels," Vipin Kumar, assistant vice-president of equity research and senior derivatives analyst at Globe Capital Market, had said Wednesday.

 

Shrikant Chouhan, head of equity research at Kotak Securities, also said that intraday movement in the Nifty 50 is likely to remain in range. "We are of the view  that the intraday market texture is weak, but a fresh sell-off is possible only after the dismissal of the 25000 level...below this, the market could slip to 24900–24810," he said in a note.

 

The September contract of the GIFT Nifty indicates a flat start for the market. At 0755 IST, the contract was at 25077 points, up 13.50 points from its previous close. On Wednesday, the Nifty 50 ended at 25056.90 points, down 112.60 points or 0.5%. The BSE Sensex closed at 81715.63 points, down 386.47 points or 0.5%.

 

On Wednesday, indices in the US ended lower as investors booked profits post multiple closing records hit this month. There were also concerns regarding valuations after Federal Reserve Chair Jerome Powell flagged potentially stretched stock prices, Reuters reported. Indices in Asia were mixed in early trade Thursday, with the Japanese market leading the rise for the third straight session.  (Akash Mandal)

---

Equity Alert: US indices down on profit booking; US jobless claims data eyed

 

MUMBAI--0737 IST--Equity indices in the US closed lower for the second straight session Wednesday as market participants likely booked profits after US Federal Reserve Chair Jerome Powell's comments on stocks being "highly valued". Market participants will wait for US weekly jobless claims data later on Thursday to gauge the trajectory of further interest rate cuts by the US Fed.

 

Artificial intelligence stocks in the US came under selling pressure with Nvidia and Oracle leading the tech-heavy Nasdaq Composite Index to end 0.3% lower. "Tech is probably a little bit extended...there's no real reason to be bullish. I would not say, 'Oh, nobody's going to use AI and the world is coming to an end,' but it's clearly valuation," Jay Hatfield, CEO of Infrastructure Capital Advisors, was quoted by CNBC as saying. Wednesday, shares of Nvidia fell nearly 1% and those of Oracle closed nearly 2% lower. Oracle is looking to raise $18 billion in debt to finance its cloud infrastructure, according to a report by Reuters. 

 

Shares of Intel were up more than 6% after media reports said the chipmaker was looking for investment from Apple. Previously, Nvidia had said it would invest $5 billion in Intel.

 

Among other stocks, shares of Micron Technology fell nearly 3?spite the company's quarterly revenue beating market estimates. The company's management said the growth in sales was aided by strong demand for the company's high-bandwidth memory chips. Shares of mining company Freeport-McMoRan tumbled 17?ter it declared it was halting operations at the Grasberg mine in Indonesia. According to a Reuters report, the miner expects consolidated sales of gold and copper to be lower in the coming quarter. Shares of Lithium Americas closed sharply higher after a Reuters report claimed that the US government might acquire 10% stake in the company.

 

The S&P 500 ended 0.3% lower and the Dow Jones Industrial Average slipped 0.4%. Traders will wait for inflation data according to the personal consumption expenditures index on Friday.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6637.97	(-)0.28
NASDAQ Composite	22497.86	(-)0.33
Dow Jones Industrial Average	46121.28	(-)0.37

 

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.69

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

 

Edited by Avishek Dutta

 

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.