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Informist, Monday, Oct. 6, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Nifty 50 crosses 25000 pts after 5 sessions; banks lead gains

MUMBAI--1145 IST--Benchmark indices slightly extended their gains from the first hour of the trade, driven by gains in banking, information technology and healthcare stocks. The Nifty 50 index crossed the 25000 mark after five sessions. Both the indices are up for the third consecutive session.

At 1145 IST, the Nifty 50 was at 25005.80 points, up 111.55 points, or 0.5%, and the BSE Sensex was at 81598.35 points, up 391.18 points, or 0.5%. The banking stocks continued to lead gains in the market after banks announced their monthly business updates. The optimistic sentiment towards these stocks was also because of the positive measures for banks and financial services announced by the Reserve Bank of India's Monetary Policy Committee last week. 

Shares of Max Healthcare Institute were up over 4% and were the top gainers in the Nifty 50 after Motilal Oswal Financial Services upgraded the stock to 'buy'. The brokerage firm also raised its target price on the stock by over 14% to INR 2,000. Some hospital stocks rose Monday with Apollo Hospitals Enterprises rising over 2% after media reports said the government revised the rates of medical procedures. Fortis Healthcare was up 7% and was the top gainer in the Nifty 200 after IHH Healthcare Berhad received approval from the Securities and Exchange Board of India for Fortis Healthcare's open offer to increase the group's stake in the hospital chain by another 26%, according to media reports.

Information Technology stocks led the Nifty 50 index to green after banks, with shares of Tata Consultancy Services rising 2%. The IT major is set to announce its September quarter results later this week. Shares of HCL Technologies, Infosys, and Tech Mahindra up 1% each whereas the shares of Wipro remained flat. 

Most of the fast-moving consumer goods stocks were down with shares of ITC and Hindustan Unilever being almost down 1% each and shares of Tata Consumer Products and Nestle India were nearly flat. Nifty Metal was the worst hit among the sectoral indices, down over 1%. Avenue Supermarts was the worst hit Nifty 200 constituent despite the company saying its Jul-Sept revenue is seen rising 15% on year to INR 162.19 billion. The stock was down nearly 3%.

Shares of FSN E-Commerce gained 4% after the company announced its September quarter revenue is expected to be in mid-twenties. Samman Capital was the biggest loser in the Nifty 500 index, down 6%. Avenir Investment RSC along with IHC Capital Holding LLC has made an open offer to acquire up to 341.75 million shares of Sammaan Capital, representing a 26% stake.  (Adhithya Aji)  

Equity Alert: Pace Digitek lists at INR 225, a 2.7% premium to issue price

MUMBAI--1025 IST--Pace Digitek listed at INR 225 on the NSE Monday, at a 2.7% premium to the issue price of INR 219. At 1056 IST, shares of the company traded over 2% higher from the issue price at INR 223.88. Over 22 million shares of the company have traded on the NSE so far. 

The initial public offering of the company, which ended Tuesday, was subscribed over 1.59 times as on the final day. The company received bids for a total of 44.01 million shares against 27.61 million shares on offer, as per data on BSE website. 

Pace Digitek provides end-to-end solutions with integrated operations in the telecommunication tower sector. It offers turnkey solutions with an operational presence across India, Myanmar, and Africa. For 2024-25 (Apr-Mar), it had reported a consolidated net profit of INR 2.68 billion on consolidated revenue of INR 24.39 billion.  (Eshitva Prakash)

Equity Alert: Indices open with minor gains; banks, fincl svcs lead gains

MUMBAI--0942 IST--Benchmark indices started the week on a slightly positive note as expected by analysts. The indices Monday extended gains from the previous sessions led by banking stocks. At 0939 IST, the Nifty 50 was at 24928.35, up 34.10 points or 0.1%, and the BSE Sensex was at 81308.97, up 101.80 points or 0.1%. Banking stocks were the major movers in the Nifty 50. The rise in these stocks followed their monthly business updates. Additionally, the positive measures for banks and financial services announced in the Reserve Bank of India's Monetary Policy Committee meeting last week aided the sentiment.

The India VIX, the fear gauge of the market, was up 3.6% at 10.4175. The index had fallen more than 8% over the previous week after the RBI meet. However, ahead of corporate earnings season, a further uptick in the index should not be ruled out, ICICI Direct said in a report.

Despite reporting good data in the monthly business updates, shares of most banks and financial services did not show a substantial movement Monday. HDFC Bank's gross advances were up 9.9% on year at INR 27.69 trillion as of Sept. 30. The stock was down 0.1%. Bank of Maharashtra's global advances rose 17% on year, total deposits rose 12.1% on year, and retail advances were up 37% on year. The stock was up just 1.2%.

Max Healthcare Institute and Bajaj Finance were the top gainers in the Nifty 50, up over 2% each. Aditya Birla Lifestyle Brands gained the most in the set of Nifty 500 companies and BSE was the biggest gainer in the Nifty 200 constituents. 

Sectoral indices were a mixed bag with those related to banks and financial services leading the pack, up 0.4-0.7%. Nifty Auto, Nifty Pharma, Nifty Consumer Durables, and Nifty Metal were down 0.4-0.6%. All broader market indices were in the green, rising 0.1-0.3%.  (Simran Rede)

Equity Alert: Indices may open slightly higher; Q2 results to lend cues

MUMBAI--0820 IST--Benchmark indices are expected to open marginally higher after ending the previous week in the green. Though the market lacks immediate domestic triggers for a decisive move, market participants believe that the investors will focus on stock-specific actions until the Nifty 50 crosses the 25000 mark and sustains above it. Going ahead, the corporate earnings for the September quarter, starting Thursday, will direct the movement in the market, analysts said.

There are no domestic triggers that may have an impact on the market, while on the global front, Japan's Nikkei hitting an all-time high following the ruling conservative party electing its first woman Prime Minister, Sanae Takaichi, might act as a sentiment booster, said Vipin Kumar, assistant vice-president of equity research and senior derivatives analyst at Globe Capital Market.

The GIFT Nifty contracts suggest a slight positive start for the market. The Nifty 50 is likely to open a tad higher Monday after closing above 24800 points for the second session Friday, reflecting improved sentiment, analysts said. They continue to suggest a "buy-on-dips" strategy with stock-specific actions until a decisive move in the market. 

The derivatives contract of the GIFT Nifty shows a slight positive start for the market. At 0815 IST, the GIFT Nifty's October contract was at 24955 points, nearly 61 points higher than the Nifty 50's Friday close. On Friday, the Nifty 50 closed at 24894.25, up 57.95 points or 0.2%. The BSE Sensex settled at 81207.17, up 223.86 points or 0.3%. The Nifty 50 is likely to head towards 25000 points but for any sustainable up move, it needs to breach 25000 and close above this level, Kumar said. On the downside, 24800-24770 points will act as immediate support, he said.

Market participants believe the better-than-expected regulatory measures by the Reserve Bank of India, along with its dovish stance despite no rate cut announcement in the current meeting, above-normal monsoon, and recovery in festival demand have lifted the mood in the market. Moreover, they now await the September quarter corporate earnings, starting Thursday with information technology bellwether Tata Consultancy Services slated to declare its quarterly results. The upcoming September quarter earnings are expected to drive the rise in the market.

On the global front, most US indices closed higher amid a session of volatile trade Friday as traders largely overlooked concern surrounding the US government shutdown. The S&P 500 posted a record closing high while the Nasdaq Composite index declined. Most Asian indices were in positive territory in the early trade.  (Simran Rede)

Equity Alert: Most indices in Asia rise; Nikkei 225 hits record high   

MUMBAI--0810 IST--Most equity indices in Asia were higher in early trade Monday. Japan's Nikkei 225 index surged past the 47,000 level for the first time after fiscally dovish candidate Sanae Takaichi was elected as the leader of the ruling Liberal Democratic Party, setting her on course to become Japan's the first female prime minister. Markets in South Korea were closed on account of the Chuseok Holiday and the National Day Golden Week holiday continued in China.

The Nikkei 225 index was up 4.4% in early trade with real estate and technology stocks among the biggest gainers. Shares of Yaskawa Electric Corp jumped over 18% and Japan Steel Works was up more than 14%. Mitsubishi Heavy Industries and Kawasaki Heavy Industries advanced 13% and 12%, respectively. The broader Topix index rose 3% to hit an intraday record.

Given the government's economic policy of a high-pressure economy, Takaichi is likely to ask Bank of Japan to maintain its accommodative monetary policy, and would be open to a 25-basis-point rate hike by the central bank by January 2026, accoring to a Crdit Agricole CIB note cited by Reuters. "A Takaichi administration, recognising that the current economy is still weak, is expected to completely shift policy direction to a new approach (complete overhaul) that seeks to expand investment and demand through public-private partnerships," CNBC said, quoting from the same note.

The yield on the 40-year Japanese government bond rose 14 bps to 3.52%. Yields on long-term debt are facing upward pressure on expectations that Takaichi will push for more deficit spending, Reuters reported. 

Hong Kong's Hang Seng Index was down 0.5 and Australia's S&P/ASX 200 was 0.1% lower in early trade. 

Following were the levels of key Asian indices at 0802 IST:

(Eshitva Prakash)

Equity Alert: S&P 500 hits record high amid choppy trade

MUMBAI--0738 IST--Most indices in the US closed higher after a session of volatile trade Friday as traders largely overlooked concerns surrounding the US government shutdown. The government shutdown in the US has resulted in the country's Labour Department delaying the release of the crucial September non-farms payrolls data, which is an important data set for the US Federal Reserve's policy decisions. The US services sector growth stalled in September and business activity contracted for the month, according to data from the Institute for Supply Management. The S&P 500 posted a record closing high while the Nasdaq Composite index declined. 

According to data from the Institute for Supply Management, the Services Purchasing Managers' Index in September fell to 50, lower than August's reading of 52 and the estimate of 51.7 according to a Reuters poll. The business activity index, which is similar to the Institute for Supply Management's factory output gauge, contracted for the first time since May 2020 at 49.9, lower than August's reading of 55.

"It seems like the market probability of a Fed rate cut has actually gone up since the shutdown began... maybe that's because there's a potential impact on the economy or some weaker jobs data this week or this morning's ISM data... the expectation is we're still in this environment where the Fed is going to cut rates," Mona Mahajan, head of investment strategy at Edward Jones was quoted by Reuters, as saying. Traders are factoring in a 95% likelihood of a 25 bps rate cut by the central bank in October, up from 88% a week ago. However, Chicago Fed President Austan Goolsbee said he was hesitant to commit to a series of rate cuts with inflation still running above the target, a report by Reuters said.

The technology-heavy Nasdaq Composite was down 0.3% and several technology players such as Palantir Technologies, Tesla, and Nvidia declined. Palantir fell nearly 8% and Tesla and Nvidia dropped around 1% each. Shares of USA Rare Earth rose more than 14% after the company's Chief Executive Officer Barbara Humpton told CNBC the company was in close communication with US President Donald Trump over a government investment.

Following are the closing levels of US indices Friday:

(Eshitva Prakash)

End

US$1 = INR 88.78

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

Edited by Deepshikha Bhardwaj

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.

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