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

Equity Alert: Indices end up; Nifty 50 closes above 25000 pts after 6 days

MUMBAI--1548 IST--The benchmark equity indices ended higher with the Nifty 50 closing above 25000 points for the first time after six sessions. Both indices closed higher for the third consecutive session, extending gains after the Reserve Bank of India's monetary policy meeting outcome Wednesday. Banking, financial services, and information technology stocks led the gains in the market.

The Nifty 50 settled at 25077.65 points, up 183.40 points or 0.7%. The BSE Sensex closed at 81790.12 points, up 582.95 points or 0.7%. The 50-stock index has risen 2% over the past three sessions. The India Volatility Index, the market's fear gauge, snapped four sessions of fall and closed 1.3% higher at 10.1925.

The India VIX had declined 10% after the RBI's policy meeting, which shows that the outcome of the meeting comforted investors and eased near-term nervousness in the market. However, ahead of the September quarter earnings season, a further uptick in volatility should not be ruled out, say analysts.

The Nifty Private Bank, Nifty Financial Services, and Nifty Bank were among the sectoral indices to rise the most. The positive measures rolled out for banks and financial services after the monetary policy meeting aided the rise of stocks in these sectors. The RBI's Monetary Policy Committee has proposed a review of capital market exposure guidelines for banks. The measures are expected to strengthen the ability of banks and financial institutions to lend, analysts said.

The Nifty IT rose 2.3%, starting the week on a positive note. In the upcoming sessions, IT stocks will be in focus as most IT companies are expected to declare their quarterly results, starting with the sector's behemoth Tata Consultancy Services Thursday. The TCS stock closed 3% higher and was among the top gainers in the Nifty 50.

The Nifty Energy, Nifty FMCG, Nifty Metal, and Nifty Media were the only sectoral indices to end the session in negative territory. All broader market indices closed higher with the mid-cap indices outperforming their benchmark peers.  (Simran Rede)

Equity Alert: Indices in Europe fall; French market tumbles after PM resigns

MUMBAI--1440 IST--Indices in Europe were lower in early trade Monday and the French stock market slumped after the surprise resignation of France Prime Minister Sebastien Lecornu a few hours after appointing his new cabinet. French banks were among the top losers in early trade, with Societe Generale, BNP Paribas, and Credit Agricole falling more than 5%. Lecornu was France's fifth PM in less than two years.

France's CAC 40 fell nearly 2%. Earlier, the market had reacted negatively to the announcement of Roland Lescure as the country's Finance Minister on Sunday. The new finance minister is a close ally of President Emmanuel Macron, according to media reports. Among other weak performers in the session, Renault fell over 3% after reports said the auto manufacturer was planning to cut 3,000 jobs across various positions in the company.

Shares of Aston Martin Lagonda Global Holdings fell 8% after the luxury carmaker downgraded its profit outlook Monday for the second time this year and said it now expects to make a loss which is larger than expected, a report by CNBC said. Shares of Stellantis advanced 2.1% in early trade amid reports that the multinational carmaker is set to invest about $10 billion in the US. Avanza Bank Holding was among the biggest gainers Monday, advancing nearly 5% after the Swedish online bank said its customers had grown by more than 132,000 this year, a report by CNBC said.

Germany's DAX Performance index was flat and UK's FTSE 100 index fell 0.2%. Traders await industrial production figures from Spain and the Europe and UK construction Purchasing Managers' Index, due later in the day.

Following were the levels of major European indices at 1443 IST:

(Eshitva Prakash)

Equity Alert: Most Asian mkts end higher; Nikkei 225 crosses 47000-mark

MUMBAI--1410 IST--Most indices in Asia closed higher Monday with Japan's benchmark indices hitting a record high following the surprise victory of the pro-stimulus Sanae Takaichi in the Liberal Democratic Party leadership election Saturday. Takaichi is poised to become Japan's first female prime minister.

Japan's Nikkei 225 index rose nearly 5% and the broader Topix index was up more than 3%. The country's 30-year bond yield rose over 10 basis points to 3.263%, while the yield on the 20-year bond rose 6 basis points to 2.674%. The benchmark 10-year bond yield was little changed at around 1.659%, a report by CNBC said.

"The outcome of the LDP (Liberal Democratic Party) election was the exact opposite of market expectations," Miki Den, senior Japan Rate Strategist, Smbc Nikko Securities, was quoted by Reuters as saying. "The market had bet that Koizumi would win, and they were positioned for curve flattening. But because the bet on Koizumi was so strong, it will take time to unwind the flattening positions."

Shares of Nikon Corp. rose 5% after the optics and photographic equipment manufacturer disclosed that Ray-Ban maker EssilorLuxottica increased its stake in the company to 10.8% from 9.6%, suggesting that the latter was placing a bigger bet on a pivotal supplier of chip-making equipment, a report by Bloomberg said. EssilorLuxottica also received permission to raise its stake in Nikon to 20% from the relevant authorities in Japan, a Reuters report said.

Indices in Hong Kong closed lower, dragged down by a decline in technology stocks as traders moved towards safe-haven assets like gold, according to media reports. The Hang Seng Index closed 0.7% lower as uncertainty around the US federal government shutdown hit investor sentiment and consequently boosted demand for safe-haven bullion, according to a report by South China Morning Post. Gold prices rose over $3,900 an ounce for the first time. Gold miner Zijin Mining Group rose over 3%. While shares of electric-vehicle maker Li Auto fell more than 3% and those of its competitor BYD were 1.4% lower. E-commerce giant Alibaba Group Holding lost 2.4% and its counterpart JD.com fell 2.3%.

China's mainland stock exchanges is closed for the National Day and Mid-Autumn Festival holidays till Wednesday. There will be no trading in Hong Kong also on Tuesday. South Korea's exchanges were closed Monday on account of the Chuseok holiday.

Following were the levels of key Asian indices at 1415 IST:

(Eshitva Prakash)

Equity Alert: Mkt inches up; Vodafone Idea falls after SC defers AGR pleas

MUMBAI--1340 IST--Gains in information technology, financial services and banking stocks continued to drive the rise in indices. The sentiment in the market turned positive after the Reserve Bank of India took measures to ease lending and on its dovish stance. The Nifty-50 index crossed the psychologically important 25000 points for the first time in six sessions.

At 1340 IST, the Nifty 50 index was at 25081.55 points, up 187.30 points, or 0.8% and the BSE Sensex index was at 81834.60 points, up 627.43 points, or 0.8%. The Nifty Smallcap 250 fell slightly and underperformed its peers. Meanwhile, all the mid-cap indices were in the green and rose 0.4-0.9%. 

This week, the information technology stocks will be in focus ahead of their September quarter earnings. Shares of Tata Consultancy Services, HCL Technologies and Tech Mahindra were 2.0-2.5% higher. The Nifty IT was up nearly 2% and it was the best performing sectoral index.

Investors also closely tracked the provisional numbers for the September quarter put out by different banks and financial services companies. Bajaj Finance gained over 2% and was among the top gainers of the Nifty 50 index. The stock rose following its announcement Saturday that its assets under management grew 24% on year to INR 4.62 trillion by the end of the September quarter. Earlier in the day, banks such as Jammu & Kashmir Bank and Bank of Maharashtra released their respective business updates.

Among individual stocks, Vodafone Idea fell further and was down nearly 4% after the Supreme Court postponed the hearing on the company's petition seeking quashing of the Department of Telecommunications' additional adjusted gross revenue demand of INR 94.50 billion till FY19 to Oct. 13. Ola Electric Mobility was down nearly 2% despite the company receiving a certification from the Global Automotive Research Centre in Tamil Nadu for its rare earth magnet-free ferrite motor. 

Meanwhile, among sectoral indices, the Nifty Metal fell the most and was down nearly 1%. It was followed by other sectoral indices such as Nifty Media, Nifty FMCG, and Nifty Energy, which fell 0.2-0.7%.  (Adhithya Aji) 

Equity Alert: Aditya Birla Lifestyle gains 10% after likely exit by Flipkart

MUMBAI--1302 IST--Aditya Birla Lifestyle Brands rose over 10% to an intraday high of INR 150.79. At 0845 IST, over 73 million shares of the company were bought. According to CNBC-TV18's post on X, Flipkart Investments is said to have offloaded up to 6% of its stake in Aditya Birla Lifestyle through a block deal.

The stock was up for the third consecutive session and has risen more than 13% over that period. At 1259 IST, shares of the company traded at INR 147.22, up 8%. The stock was the top gainer in the Nifty 500 index. So far in Monday's session, 13.38 million shares of the company have changed hands on the NSE, sharply higher than 344,860 shares traded during the same period Friday.

The block deal was valued at around $112 million for a price range of INR 130-136.45 a piece, the post said. The 6% stake represents the entire shareholding of Flipkart in the company. The total value of Flipkart's stake sale was around Rs 950 crore (INR 9.50 billion), marking one of the biggest exits of a private investor from a domestic retail company, the NDTV Profit report said. Flipkart is carrying out the sale as a clean-up trade, meaning there will be no lock-up period on its remaining holdings, it added.

Of the three brokerage reports on the stock available with Informist, two have a 'buy' rating on the stock and only Motilal Oswal Financial Services has a 'neutral' rating. HDFC Securities has target price of INR 180 on the stock, which implies a 32% upside to the stock's previous close.   (Simran Rede)

Equity Alert: Vodafone Idea falls further, SC defers plea on extra AGR dues

MUMBAI--1250 IST--Vodafone Idea fell further after the Supreme Court deferred its petition seeking quashing of the Department of Telecommunications' additional adjusted gross revenue demand till Oct. 13. The stock had opened lower but had come slightly off lows on report that the government was considering settlement on AGR dues. At 1246 IST, shares of the company were at INR 8.47, down 4%.

Last week, the company had filed a petition seeking repeal of the Telecom department's addtional adjusted gross revenue demand of INR 94.50 billion till FY19, on a request from Solicitor General of India Tushar Mehta, appearing for the government. On Sept. 26, the court had deferred the next hearing case till Monday.

The stock has gained 4% since last Monday and has risen over 17% in the last one month. More than 1 billion shares were traded on the NSE, more than three times the 315.12 million shares traded till the same time Friday. 

Of the seven research reports on the company available with Informist, Nomura Global Markets Research has a 'buy' or equivalent recommendation on the stock with a target price of INR 10. Of the remaining, four have a 'hold' rating on the stock with an average target price of INR 8 and one has a 'sell' rating on the stock.  (Gopika Balasubramanium)

Equity Alert: Most hospital cos rise; Fortis Health, Max Health up 6%

MUMBAI--1245 IST--Most hospital stocks rose Monday after the government decided to revise rates for nearly 2,000 medical procedures under the Central Government Health Services scheme effective from Oct. 13. At 1241 IST, shares of Apollo Hospitals, Max Healthcare, Fortis Healthcare, Narayana Hrudayalaya and Global Health were up 2.1-6.7%.

The government has introduced a multi-dimensional rate structure based on four different parameters such as hospital accreditation, type of hospital, city classification, and the patient's ward entitlement, media reports said. Earlier, the rates were the same across outpatient department and inpatient department consultation, cities and wards. Under the revised rates, the Central Government Health Services scheme empanelled super specialty hospitals with more than 200 beds are allowed to charge 15% more than the National Accreditation Board for Hospitals & Healthcare Providers accredited healthcare organisations for the same procedures within the same city category, the Economic Times reported Sunday. 

This "meaningful" price revision is a positive for the hospital industry, Moneycontrol reported, citing global brokerage Macquarie. It sees procedure rates in key therapy areas of cardiology, neurology, oncology, orthopedic rising by 5%-30%. The brokerage estimates earnings before interest, taxes, depreciation, and amortisation of Max Healthcare and Apollo Hospitals to see a mid-single-digit increase in percentage terms, assuming a high-teens increase in procedure rates, the report said. 

Motilal Oswal Financial Services upgraded its rating on Max healthcare to 'buy' with revised target price of INR 2,000, ET Now said in post on social media platform X.

As a further positive development for Fortis Healthcare, Malyasia-based IHH Healthcare Berhad received the Securities and Exchange Board of India's approval to move forward with the open offer for Fortis Healthcare as well as its subsidiary Fortis Malar Hospitals to increase their stake in the hospital chain by another 26%, media reports said. The plan for the open offer had been stalled due to prolonged legal disputes. In 2018, IHH acquired a 31.1% stake in Fortis Healthcare.  (Arya S. Biju)

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 Rajeev Pai

All prices from National Stock Exchange, unless otherwise specified.

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