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Informist, Wednesday, Oct. 1, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices may remain weak unless RBI pulls a positive surprise

 

MUMBAI--0810 IST--With the Nifty 50 ending lower for the eighth straight session Tuesday, sentiments are weak and indices may continue to fall unless the Reserve Bank of India pulls a positive surprise in uts monetary policy committe outcome, scheduled at 1000 IST. However, benchmark indices may still open slightly higher amid oversold conditions on technical charts but any significant movement will depend on the RBI's commentary.

 

The RBI is widely expected to maintain its repo rate at 5.50%. There are some hopes that the bank may lower its estimates of inflation after the government cut goods and services tax, effectively lowering prices of products. Some analysts also see a possiblity of the bank raising its estimates of GDP owing to better consumption after GST cuts.

 

Global indices were mostly higher despite the US Congress failing to pass a spending bill Tuesday, which is expected to lead to a US government shutdown, affecting several government services. US indices ended marginally higher Tuesday with major indices up 0.2-0.4%. There are some concerns that a government shutdown in the US may delay the jobs report due Friday. Hopes of further cuts in interest rates have pushed market participants in the US to largely ignore the US government shutdown news for now. The US Congress will meet on Wednesday again to decide on the spending bill.

 

Most of the equity markets in Asia were higher Wednesday. However, Japan indices were down over 1% due to uncertainty around the US government shutdown and concerns that earnings may be hit by US tariffs, Dow Jones reported. Several media reports said Taiwan has rejected the US proposal to shift half of semicondutor production to America. Taiwan's Taiex was up 1.5%. Markets in China and Hong Kong were closed on account of a National Day holiday.

 

Owing to largely positive cues from global indices, GIFT Nifty futures suggest the Nifty 50 may open slightly higher. At 0751 IST, GIFT Nifty October contracts traded at 24761 points, marginally lower than its previous close but up 0.6% from the Nifty 50's close on Tuesday. The Nifty 50 index closed at 24611.10 points Tuesday, falling for a eighth straight session. The index has fallen nearly 3% during this period. 

 

Technical analysts expect the Nifty 50 to face resistance at higher levels with the 24800-25000 points being seen as difficult to breach. The index may find support at 24550 points Wednesday, but it is at a risk of a sharp fall if the index falls below the immediate support level. (Anshul Choudhary)

 

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Equity Alert: Asian indices mixed; South Korea's exports top expectations

 

 

MUMBAI--0815 IST--Asian indices were mixed early Wednesday. Japan's Nikkei 225 was down for the fourth consecutive session. Markets in China and Hong Kong were closed for National Day.

 

Japan's index for big business optimism increased to +14 in Jul-Sept, up from +13 in June and marking the highest level since December 2024, according to a CNBC report. The market forecast for the reading was +15. A positive figure for the Tankan survey indicates that optimists outnumber pessimists. "Firms from a wide range of sectors pointed to concern over the impact of US trade policy...some firms also complained of rising labour costs, slowdown in demand from inbound tourism and the risk of higher prices hurting domestic consumption," a Bank of Japan official was quoted as saying by Reuters. The Nikkei 225 fell more than 1% and the broader Topix index was down 1.7%.

 

South Korea's Kospi advanced almost 1%. The country's exports grew 12.7% on year in September, much higher than a Reuters estimate of a 7.2% increase. The country's chip exports rose 22% on year to a record monthly value amid increasing demands from artificial intelligence companies.

 

Taiwan's Taiex was up 1.4%. Chip-maker heavyweights like Taiwan Semiconductor Manufacturing and Hon Hai Precision Industry were up 3.2% and 1.3%, respectively. Several media reports said Taiwan has rejected the US proposal to shift half of its semiconductor production to the US. Australia's S&P/ASX 200 was down for the second straight session after the country's central bank kept its benchmark lending rates steady.

 

Following were the levels of key Asian indices at 0800 IST:

 

Index	Level	Change in %
Nikkei 225 Day	44437.78	(-)1.10
TOPIX FIRST SECTION	3084.36	(-)1.70
KOSPI	3453.97	0.86
FTSE Singapore Strait Times	4325.63	0.59
S&P/ASX 200 Index	8818.30	(-)0.34

 

(Eshitva Prakash)

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Equity Alert: US mkt ends higher Tue despite looming US government shutdown

 

MUMBAI--0748 IST--Indices in the US closed higher Tuesday, with the Dow Jones Industrial Average closing at a record high as traders shrugged off concerns about the likely US government shutdown. The country inched towards a government shutdown after a vote to extend funding past the deadline failed. US President Donald Trump has threatned to fire several federal officers in case of a shutdown.

 

Traders were anxious about a prolonged closure which could hamper economic activity in the US and lead to a delay in key data releases. The US Labour Department earlier said that in case of a shutdown, it would not release the September non-farm payrolls data on Friday, according to media reports. 

 

"When it comes to Washington, the market widely expects a shutdown to happen, so investors are largely sitting tight for now, but if this extends beyond two weeks, people will start to become more concerned," Adam Crisafulli of Vital Knowledge was quoted by CNBC, as saying.

 

The Dow Jones Industrial Average advanced 0.2% to reach a fresh closing high. Job openings in the US rose more than expected, by 19,000, to 7.227 million as of Aug. 31, the Bureau of Labor Statistics said in its report. Economists polled by Reuters had forecast 7.185 million unoccupied jobs. 

 

Among specific stocks, shares of Pfizer gained nearly 7?ter President Trump said the company will cut the price of all prescription drugs in the Medicaid program for low-income Americans and sell new prescription drugs at a "most favored nation" price in exchange for tariff relief, a report by Reuters said. Shares of CoreWeave rose after the company announced a $14.2 billion artificial intelligence cloud infrastructure deal with Meta Platforms, a Reuters report said. Chipmaker Wolfspeed's shares jumped 29?ter the company exited bankruptcy proceedings, a report by Mint said. Shares of Lamb Weston rose over 4?ter the frozen-potato products maker beat analysts' estimates for first-quarter revenue and earnings. Firefly Aerospace shares were down nearly 21?ter an error in the pre-flight testing destroyed one of its rockets.

 

A group representing major US airlines Monday said that a government shutdown could dent aviation performance in the country and result in flight delays as air traffic controllers would have to work without pay, according to US media reports. Shares of Southwest Airlines fell 2.6% and those of United Airlines closed 2.2% lower.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6688.46	0.41
NASDAQ Composite	22660.01	0.3
Dow Jones Industrial Average	46397.89	0.18

 

(Eshitva Prakash)

 

End

 

US$1 = 88.79 INR 

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.

 

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