Equity Alert
Mkt seen weak Tue; Nifty 50's monthly expiry levels eyed
This story was originally published at 16:49 IST on 29 September 2025
Register to read our real-time news.Informist, Monday, Sept. 29, 2025 Tel +91 (22) 6985-4000
Equity Alert: Mkt seen weak Tue; Nifty 50's monthly expiry levels eyed
MUMBAI--1617 IST--Benchmark equity indices will likely remain under pressure Tuesday as the short-term outlook continues to be weak. However, analysts also said there may be a small pullback as the market is in an oversold position. Some analysts also said banking stocks would be volatile ahead of the Reserve Bank of India's monetary policy meeting outcome, due Wednesday.
"We are of the view that the short-term market outlook is weak, but since it is oversold, a strong possibility of a quick pullback rally cannot be ruled out," Shrikant Chouhan, head-equity research at Kotak Securities, said in a note. Meanwhile, Nandish Shah, senior derivative and technical analyst at HDFC Securities, said,"Unless and until the Nifty 50 closes above 24800 points, the short-term trend will remain weak and investors will be cautious."
Technical analysts see the Nifty 50 finding support at 24600–24500 points and face strong resistance at 24800 points. Analysts also said Tuesday's closing is important as it is the first expiry of monthly contracts after the expiry day was changed to Tuesday. "It is difficult to predict the expiry levels, more or less 24800 points is crucial," Shah said.
On Monday, the Nifty 50 closed at 24634.90 points, down 19.80 points or 0.1%. The 50-stock index extended losses for the seventh straight session burdened by uncertain US policies and also amid profit-booking post the goods and services tax rejig-led rally. The US administration had hiked the H-1B visa application fees last week, followed by levying 100% tariff on pharmaceuticals imports to the US effective from Oct. 1, which dented market sentiment.
India's corporate earnings growth is expected to be strong in the next couple of quarters, Ridham Desai, head of research and India equity strategist at Morgan Stanley, was quoted as saying in a report, by NDTV Profit in a post on social media platform X earlier in the day. Desai expects a dovish stance of the Reserve Bank of India to continue, more reforms from the government, and a likely trade deal with the US. On Friday, HSBC Global Investment Research had said the Indian stock market will "return to form" after its recent underperformance on the back of lower valuations, a slow recovery in earnings, and low positioning by foreign funds. (Gopika Balasubramanium)
Equity Alert: Nifty 50 Sept ends at 60.10-point premium to spot index
MUMBAI--1556 IST--The September futures contract of the Nifty 50 closed at a premium of 60.10 points to the spot index Monday. Open interest in the contract fell over 6% to 9.09 million, according to provisional data.
--Nifty 50 closed at 24634.90 points, down 19.80 points or 0.1% vs Fri
--Nifty 50 September closed at 24695.00 points, up 5.10 points vs Fri
Nifty 50 options, expiring Tuesday, with maximum change in open interest:
Call: 24700, Put: 24000
Nifty 50 options, expiring Tuesday, with maximum open interest:
Call: 25000, Put: 24000
(Anjana Therese Antony)
Equity Alert: Nifty 50 ends volatile session lower; extends fall for 7th day
MUMBAI--1549 IS--Benchmark indices closed largely flat on Monday after being volatile throughout the session. These indices remained in the green for the most of the time. Investors bought shares of state-owned banks and oil and gas companies. Private banks and consumer durables stocks fell. Earlier in the day, Moody's Ratings affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at 'Baa3' and also maintained its stable outlook for the economy.
Meanwhile, in West Asia, Israel launched offensives on Gaza City, primarily on the northern side, killing at least one person and injuring four others, news channel Al Jazeera reported a few minutes ago, quoting local medical sources. This comes a day before US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are set to meet at the White House. Future contracts of Brent Crude oil fell to a low of $69 a barrel, after having risen continuously for four sessions.
The Nifty 50 closed at 24634.90 points, down 19.80 points or 0.1%. The 50-stock index extended losses for the seventh session in a row. The index closed lower on Monday after a volatile session ahead of the expiry of monthly contracts of the Nifty 50 for the first time on Tuesday. Last week, the index fell nearly 3% and it was also the sharpest weekly fall since the first week of April. The BSE Sensex closed at 80543.96 points, up 117.50 points or 0.2%.
Broader market indices came under selling pressure towards the end of the session. Small-cap indices closed slightly lower while the mid-cap indices retained gains. The Nifty Midcap 50 closed 0.3% higher. Among the sector indices, Nifty PSU Bank closed nearly 2% higher, led by gains in Indian Bank, Bank Of Baroda, and Bank Of India, which closed 2.0-2.6% higher. Nifty Realty also gained, mainly due to a 2.3% rise in Anant Raj Ltd. and a 2% rise in Godrej Properties. (Gopika Balsubramanium)
Equity Alert: Most European indices up; select tech, healthcare cos gain
MUMBAI--1420 IST--Most indices in Europe were up Monday, with some healthcare and technology stocks gaining in early trade. Traders focussed on a possible US government shutdown, which could hamper the release of important economic data.
UK's FTSE 100 index, which was up 0.4%, led the indices in the region. France's CAC 40 and Germany's DAX Performance indices were slightly higher. Italy's FTSE MIB was the sole laggard among major markets. The index was down 0.3%.
Select pharmaceutical companies such as GSK and AstraZeneca pushed the FTSE 100 higher. GSK was up 2.7% after the drug maker said Emma Walmsley will step down as the chief executive officer and will be replaced by Luke Miels in January. Shares of AstraZeneca were up more than 1% after the company said it would remain listed and headquartered in London and would also list on the New York Stock Exchange directly instead of the current depository shares, a report by Reuters said.
Shares of Dutch chip company ASM International rose 1.5% and ASML Holding advanced over 1%. Shares of BE Semiconductor Industries N.V. rose more than 1.5%.
Shares of Deutsche Lufthansa rose 1.5% after the company said its free cash flow would generate over $2.93 billion a year as it set earnings targets of 8–10% over the next two years on its first capital markets day in six years, a CNBC report said. The airline group also said it was cutting 4,000 jobs by 2030 through digitalisation and automation, and will invest $704 million in a cargo hub at Frankfurt airport. Shares of Danish biotechnology company Genmab fell 3%. The company had earlier announced plans to acquire Netherlands-based cancer drug maker Merus in a deal worth $8 billion.
Traders are waiting for the European Union's economic sentiment indicator, which will be released later Monday.
Following were the levels of major European indices at 1414 IST:
Index | Level | Change in % |
FTSE 100 Index | 9329.04 | 0.48 |
CAC 40 | 7887.39 | 0.21 |
FTSE MIB INDEX | 42581.39 | (-)0.15 |
DAX PERFORMANCE INDEX | 23776.35 | 0.16 |
SLI | 1963.54 | 0.36 |
(Eshitva Prakash)
Equity Alert: Nifty 50 recovers after choppy trade; HDFC Bank leads gains
MUMBAI--1410 IST--Domestic benchmark equity indices recovered from their intraday lows earlier in the session. After opening higher, the indices came off highs and remained choppy for a brief session. Nifty 50 heavyweight HDFC Bank managed to offset losses in Reliance Industries. The 50-stock index found strong support at 24600 points, from where the index bounced back to gain momentum, analysts said.
At 1407 IST, the Nifty 50 was at 24728.45, up 73.75 points or 0.3%. The BSE Sensex was at 80631.71, up 205.25 points or 0.3%. The fear gauge, India VIX, was down nearly 1% at 11.3650. Shares of Larsen & Toubro came slightly off lows. The company secured a sustainability-linked trade facility of $700 million from Standard Chartered, according to a release. Shares of Tata Consumer Products also came off lows after 1200 IST.
IndusInd Bank was the top gainer among Nifty 50 constituents. Shares of the bank were up over 2%. Shares of Wipro and Bharat Electronics gained nearly 2% each. Wipro rose after falling for the previous six sessions.
Shares of Tech Mahindra fell into negative territory in the second half of the session, after being choppy in the initial trade. The company extended losses for the sixth straight session. Index heavyweight ICICI Bank was down for the seventh consecutive session, falling over 5% during this period.
Among sectoral indices, the Nifty PSU Bank gained nearly 2% after closing lower for the previous three sessions. The Nifty Realty and Nifty Oil & Gas gained over 1% each and were up after falling for the previous five sessions. (Arundathi A R)
Equity Alert: Most Asia mkts end up; Nikkei down as many shares trade ex-dividend
MUMBAI--1359 IST--Most headline indices in Asia closed higher Monday as investors shrugged off concerns related to US tariffs. Equities in China and South Korea rose while those in Japan closed lower. Several stocks in the Japanese market were trading ex-dividend, which weighed on the country's benchmark indices Nikkei 225 and Topix.
Japan's Nikkei 225 index closed 0.7% lower and the broader Topix index ended down 1.7%. "As the benchmarks have risen to such high levels, I think many investors are selling to secure profits, now that the benefit of dividends is gone," Yutaka Miura, senior technical analyst at Mizuho Securities Co., was quoted as saying by CNBC TV-18. Toyota Motor Corp. and Mitsubishi UJF Financial Group were among those trading ex-dividend. Traders also placed cautious bets ahead of the Liberal Democratic Party's leadership vote Saturday.
Shares of Sony Financial Group debuted 36% above the reference price in Tokyo. Sony Financial was demerged from Sony Group Corp. in a move to focus on its entertainment and image sensor businesses, a Bloomberg report said.
China's blue chip CSI 300 index closed 1.5% higher and Hong Kong's Hang Seng index ended nearly 2% higher. Rare earth and precious metal stocks advanced after the Chinese government announced plans to push for breakthroughs in the materials industry to boost supply and support new technology and electric vehicle chains, Bloomberg reported. Shares of Xiamen Tungsten, Aluminum Corp. of China, and China Northern Rare Earth Group all ended higher.
The S&P/ASX 200 index closed higher for the third consecutive session. The Reserve Bank of Australia will start its two-day policy meeting later in the day where the central bank is expected to hold its key interest rate steady at 3.6%, according to a Reuters poll. South Korea's Kospi closed 1.3% higher, snapping a three-day losing run.
Following were the levels of key Asian indices at 1338 IST:
Index | Level | Change in % |
CSI 300 Index | 4620.05 | 1.54 |
Hang Seng Index | 26612.72 | 1.85 |
Nikkei 225 Day | 45043.75 | (-)0.69 |
TOPIX FIRST SECTION | 3131.57 | (-)1.74 |
KOSPI | 3431.21 | 1.33 |
FTSE Singapore Strait Times | 4272.73 | 0.16 |
S&P/ASX 200 Index | 8862.80 | 0.85 |
(Eshitva Prakash)
Equity Alert: Nuvama retains 'buy' on Jindal Steel, ups target price by 20%
MUMBAI--1251 IST--Nuvama Institutional Equities has reiterated its "buy" rating on Jindal Steel and increased its target price by 20% to INR 1,426 after the company commissioned a 4.6-million-tonne-per-annum blast furnace and a 3 mtpa basic oxygen furnace, which were delayed by almost two years from the initial timeline. Hence, the broking firm expects a ramp-up to begin in the second half of the current financial year, driving up sales volume by 12.5% on year to 9 million tonnes in 2025-26 (Apr-Mar) and by 25% on year to 11.2 million tonnes in FY27.
At 1251 IST, shares of the company traded at INR 1,039.20, up 0.9%. So far, 450,370 shares were traded on the NSE, a tad lower than 522,411 shares traded at the same time Friday. The stock has risen 10% in the last 30 days.
"Given expectation of final levy of safeguard duty on flat imports for three years and end of monsoon, domestic flat and long steel prices are likely to improve November onwards," the broking firm said. Despite expectations of weak earnings during September quarter amid lower steel prices, the brokerage has retained its previous estimates for earnings before tax, interest, depreciation, and appreciation for 2025-26 (Apr-Mar) and FY27.
The broking firm said Jindal Steel is also bolstering backward and forward integration with ongoing projects such as coal blocks, slurry pipeline, pellet plant, and setting up galvanising line and colour coated lines, all likely in FY27. Also, likely implementation of safeguard duty on hot-roiled coil imports for three years and coking coal prices trending lower will drive EBITDA/tonne. The EBITDA/tonne is seen rising INR 15,000/tonne or more in FY26 and INR 16,700–16,800/tonne in FY27 and FY28. These prices are higher than the average of INR 12,716/tonne seen in FY23-25. (Gopika Balasubramanium)
Equity Alert: Dixon Tech down; co buys stake in Kunshan Q Tech for INR 5.5 bln
MUMBAI--1224 IST--Shares of Dixon Technologies (India) Monday fell nearly 5% to a one-month low of INR 16,649. On Friday, post market hours, the company said it has acquired 51% stake Kunshan Q Tech Microelectronics (India) for INR 5.53 billion.
The stock is down for the second session. It has fallen more than 8% in this period. At 1220 IST, shares of the company were down 4% at INR 16,803. The stock was the worst performer in the Nifty 200. So far Monday, 300,960 shares of the company have changed hands on the NSE, higher than 111,034 shares traded during the same period on Friday.
Of the 16 brokerage reports on the stock available with Informist, 10 have a 'buy' or equivalent rating on the stock, two have a 'hold' or equivalent rating, and four have a 'sell' or equivalent rating. The 'sell' or equivalent recommendations have an average target price of INR 16,663. (Simran Rede)
Equity Alert: HUL down; co sees GST rejig to impact Oct sales, recovery in Nov
MUMBAI--1031 IST--Shares of Hindustan Unilever fell nearly 3% after the company said the impact of goods and services rationalisation is expected to have a larger-than-estimated impact on inventory. Later, the stock came off lows and at 1026 IST, it traded at INR 2,489, down 0.9%. The stock was among the worst performers in the Nifty 50 and Nifty FMCG. So far Monday, 613,958 shares of the company have changed hands on the NSE, higher than 203,447 shares traded during the same period on Friday.
The company has cut prices across its portfolio to pass on the GST rejig benefit to consumers. While the company said its sales will continue to take a hit in October, it anticipates a recovery from November once prices stabilise. JM Financial Institutional Securities believes the company has implemented high-single-digit to low-double-digit price cuts across key beneficiary categories. The company expects near flat to low-single-digit growth in consolidated sales in the September quarter.
"We believe this passing by impact will be there for all the FMCG (fast-moving consumer goods) companies depending on their inventory level in the market. The impact on food companies might be relatively lesser compared to the categories such as personal care and home care having higher shelf life," ICICI Direct Research said in a report. However, the impact is likely to be seen more on primary sales. The brokerage expects a sentimental impact of the business update on the company, but in the medium to long term, it sees volume growth gradually improving from the December quarter.
BofA Securities has maintained its 'neutral' rating on the stock with a target price of INR 2,840, which implies a nearly 12% downside to the stock's previous close. Of the 23 brokerage reports on the stock available with Informist, 18 have a 'buy' or equivalent rating on the stock, three have a 'hold' or equivalent rating, and two have a 'sell' or equivalent rating. (Simran Rede)
Equity Alert: Ganesh Consumer Products lists at INR 296.05, discount of 8%
MUMBAI--1026 IST--Shares of Ganesh Consumer Products listed at INR 296.05 on the NSE, a discount of nearly 8% to the issue price of INR 322. At 1025 IST, the stock traded at INR 301.25, down 6.5% against the issue price. Nearly 3.30 million shares of the company have changed hands so far on NSE.
The company's initial public offering was subscribed 2.7 times at the end of the final day. Investors bid for 23.80 million shares against 8.91 million shares on offer, according to data on BSE's website.
Ganesh Consumer is a Kolkata-based fast-moving consumer goods company that manufactures whole wheat and other derivatives of wheat such as maida, sooji, and dalia. For the financial year 2024-25 (Apr-Mar), the company had reported a net profit of INR 354.32 million on a revenue of INR 8.50 billion. (Gopika Balasubramanium)
Equity Alert: Atlanta Electricals lists at INR 857, 14% premium to IPO price
MUMBAI--1020 IST--Shares of Atlanta Electricals listed at INR 857, nearly 14% premium to the issue price of INR 754 on the NSE. At 1013 IST, the stock traded at INR 823.05, up over 9% from its issue price. Nearly five million shares of the company have been traded so far.
The initial public offering of the company closed Wednesday. The offer was subscribed a whopping 70.63 times, with the company receiving bids for 461.79 million shares against the 6.54 million shares on offer.
The company manufactures power, auto, and inverter duty transformers in India. It operates three fully functional manufacturing facilities -- two located at Anand in Gujarat and one at Bengaluru in Karnataka. For 2024–25 (Apr-Mar), the company reported a consolidated net profit of INR 1.19 billion on a consolidated revenue of INR 12.44 billion. (Gopika Balasubramanium)
Equity Alert: Indices open higher snapping six-day losing run; HUL down 3%
MUMBAI--0940 IST--The domestic benchmark indices opened higher on Monday, snapping a six-day losing run. The indices had fallen nearly 3% last week.
At 0939 IST, the Nifty 50 was at 24729.10 points, up 74.40 points or 0.3%. Fall in index heavyweights such as ICICI Bank, HDFC Bank, and Reliance Industries limited the gains. The BSE Sensex was at 80642.29 points, up 215.83 points or 0.3%.
Broader market indices rose more than the benchmark indices. Small-cap indices outperformed both headline and mid-cap indices. The Nifty Smallcap 50 was up 0.7% and the Nifty Midcap 50 up 0.5%.
Nifty FMCG index was the worst hit due to a near 3% fall in shares of Hindustan Unilever. The stock fell after the company said it expects the consolidated growth of its business for Jul-Sept to be near flat to low single digit due to the transitory impact of the goods and services tax rejig. Godrej Consumer Products and Nestle India fell 0.5-0.8%.
Investors bought shares of state-owned banks. The Nifty PSU Bank index rose over 1%, with Canara Bank, Bank of India, and Union Bank of India gaining 1-2%. Oil and gas stocks were in the green. Aegis Logistics, Bharat Petroleum Corp., and Oil India rose 2-3%. Oil India shares were up after the company said it has discovered natural gas in the Andaman Shallow Offshore Block.
Sunteck Realty rose over 3% after the company announced the launch of luxury residential brand, Emaance, under which projects with a gross development value of INR 200 billion will be launched over the next one year. (Gopika Balasubramanium)
Equity Alert: Morgan Stanley ups IndusInd Bk to equal-weight, target INR 785
MUMBAI--0915 IST--Morgan Stanley has upgraded IndusInd Bank to "equal-weight" from "under-weight" and hiked the stock's target price by nearly 5% to INR 785, NDTV Profit said in a post on social media platform X. The brokerage said the stock currently trades at 0.8 times the 2026-27 (Apr-Mar) book value which is fair on account of good common equity tier – 1 and strong liquidity coverage ratio.
There is clarity in the management after the appointment of the new chief executive officer, the broking firm said. The bank has appointed Rajiv Anand as the managing director and the CEO effective Aug. 25. The broking firm sees a cut in earnings per share owing to coverage build-up in FY26.
At 0922 IST, shares of the lender were 0.5% higher at INR 715.70. Morgan Stanley's target price of INR 785 implies an upside of over 10% from Friday's close. To note, the stock has fallen nearly 17% in the last 90 days. (Gopika Balasubramanium)
Equity Alert: HUL inventory correction impact larger than expected: ICICI Sec
MUMBAI--0908 IST--Hindustan Unilever's quarterly update Friday suggests the impact of lower goods and service tax on inventory will be larger than the initial estimate, ICICI Securities said in a note. This is expected to be negative for the stock price in the near term, the brokerage said.
"We thought the impact of inventory correction would be for 20-30 days. However, HUL expects the impact would be witnessed in the month of October as well, which will not augur well with the Street," the brokerage said. HUL saw some impact on sales in September due to distributors delaying purchase of products as they are yet to clear old inventory with higher GST prices. The company expects the impact to continue in October.
ICICI Securities said other fast-moving consumer goods companies may face a similar impact on sales depending on inventory in the market. "The impact with food companies might be relatively lesser compared to the categories such as personal care and home care having higher shelf life. Having said that the impact would be more on primary sales," the brokerage said.
ICICI Securities expects inventory correction to impact sales only in the near term and expects volume growth to improve in the medium to long term. HUL will gradually improve volume growth from the December quarter, the brokerage firm said.
(Anshul Choudhary)
Equity Alert: Most Asian indices up; focus on Australian central bank's policy
MUMBAI--0828 IST--Most Asian indices were up Monday even as traders braced for a possible shutdown of the US government. Indices in Japan were down while those in South Korea rose more than 1%. Australia's S&P/ASX 200 index rose ahead of Reserve Bank of Australia's two-day policy meeting in which the central bank is expected to keep its cash rate steady.
"If the shutdown (of US government) lasts beyond the Fed meeting, the Fed will rely on private data for its policy decisions...on the margin, we think this may lower the likelihood of an October cut, but only marginally," Reuters quoted analysts at Bank of America as saying. The shutdown could delay release of US payrolls data for September.
The Reserve Bank of Australia starts its two-day monetary policy deliberation Monday. The central bank is expected to keep its cash rate steady at 3.6%, according to a poll by Reuters. "The RBA has little incentive to rush. Unemployment has crept up... but the labour market remains relatively tight compared with pre-COVID norms," Sunny Kim Nguyen, head of Australian economics at Moody's Analytics, was quoted as saying by Reuters. The S&P/ ASX index was up 0.6% in early trade.
South Korea's Kospi was up 1%, recovering from a fall Friday after US-South Korea trade talks grew uncertain as media reports suggested that the country was unable to pay $350 billion to the US in upfront investment for a tariff deal.
Japan's Nikkei 225 was down 0.7% and the broader Topix declined 1.6%. Both indices had hit record intraday highs Friday. Shares of Sony Financial Group rose 36% compared to its reference price in its market debut, according to a CNBC report. The company's parent, Sony Group had decided to spin-off its financial division earlier.
Following were the levels of key Asian indices at 0823 IST:
Index | Level | Change in % |
CSI 300 Index | 4577.56 | 0.57 |
Hang Seng Index | 26496.58 | 1.41 |
Nikkei 225 Day | 44892.52 | (-)1.02 |
TOPIX FIRST SECTION | 3130.39 | (-)1.78 |
KOSPI | 3425.99 | 1.18 |
FTSE Singapore Strait Times | 4276.60 | 0.25 |
S&P/ASX 200 Index | 8849.20 | 0.86 |
(Eshitva Prakash)
Informist, Monday, Sept. 29, 2025 Tel +91 (22) 6985-4000
Equity Alert: Indices may open tad higher Mon after near-3% slump last week
MUMBAI--0806 IST--Benchmark indices may see slight gains Monday after a sharp slump last week, when the Nifty 50 lost 2.7%. However, high stock valuations amid concerns of decline in exports to the US are likely to keep gains muted this week or push markets down.
Last week, pharmaceutical stocks were hit after US President Donald Trump said he will impose 100% tariff on branded and patented pharmaceutical products from Wednesday. While a direct impact of this is expected to be minor on Indian companies, sentiment is likely to stay muted over concerns of tariffs on any key products. Analysts now await details about products which would attract tariffs.
Sentiment in the information technology sector is expected to be weak after the US hiked fees for H-1B visa applications, which may hurt Indian IT companies' margins from 2026-27 (Apr-Mar). Further, recent developments have raised concerns if Trump would target the sector next with tariffs.
Last week, the Nifty 50 ended at 24654.70, falling for the sixth straight session. It fell below its key support of 25000 points last week, which pushed several technical analysts to turn bearish on the market. Going forward, the Nifty 50 is likely to find support at 24600-24400 points and face resistance at 24800-24900 points.
GIFT Nifty futures indicated the market is expected to open slightly higher. At 0803 IST, its September contracts traded at 24797, up 0.1% from its previous close and 0.6% from Nifty 50's close last week. Cues from global markets were mixed with US indices ending slightly higher Friday but most of them still ended slghtly down over the week. Asian indices were mixed with markets in China, Japan, Taiwan down, while those in Hong Kong, and South Korea were up.
Bond yields in the US have gained over the last two weeks, affecting flows into the Indian market. Yield on the 10-year bond rose to 4.2% last week from near-4% over two weeks ago. September is turning out be the third straight month when foreign investors have pulled out money from Indian equities. So far this month, foreign investors have net sold equities worth over INR 175 billion. (Anshul Choudhary)
Equity Alert: US mkt ends higher Fri as Aug inflation in line with estimates
MUMBAI--0815 IST--US benchmark indices closed higher Friday after inflation for August boosted bets of further interest rate cuts by the US Federal Reserve. US consumer spending data for August was also better than expected.
The personal consumption index, which is the Fed's preferred inflation gauge, showed core inflation at 2.9% in August, in line with market estimates, CNBC reported. US consumer spending rose 0.6% last month after an unrevised 0.5% advance in July, the Commerce Department's Bureau of Economic Analysis said. Economists polled by Reuters had forecast consumer spending to increase 0.5%.
Shares of truck-maker Paccar rose more than 5% and those of pharmaceutical company Eli Lilly rose 1.4% after US President Donald Trump, in a post on social media, said his administration was going to slap 100% tariffs on branded and patented pharma imports. He also said import tariffs on heavy trucks will be 25%. On the other hand, shares of artificial intelligence giant Oracle fell nearly 3%.
Market participants now see an 89% probability of a rate cut by the US Fed in October and a 66% chance of another in December, according to the CME FedWatch Tool.
Following are the closing levels of US indices Friday:
Index | Level | Change in % |
S&P 500 | 6643.70 | 0.59 |
NASDAQ Composite | 22484.07 | 0.44 |
Dow Jones Industrial Average | 46247.29 | 0.65 |
(Eshitva Prakash)
End
US$1 = INR 88.76
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
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.
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:
