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Informist, Wednesday, Oct. 8, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Most Asian mkt indices fall tracking overnight losses in US 

 

MUMBAI--0830 IST--Most indices in Asia were lower in early trade Wednesday, tracking overnight losses in the US markets despite the World Bank raising the region's growth forecast Tuesday. Traders grappled with political crises in France and Japan and a prolonged US government shutdown. Markets in South Korea remained be closed for the Chuseok Holiday and those in mainland China were closed for National Day Golden Week holiday.
 

The Hang Seng index fell 0.7% and was down for three straight sessions. Meanwhile, shares of Chinese pharmaceutical company, CF PharmTech, jumped 224% in their Hong Kong trading debut. CF PharmTech's listing comes amid a resurgence in Hong Kong's initial public offering market that has raised about $14.1 billion in the first half of this year, a CNBC report said.

 

Japan's benchmark Nikkei 225 index was slightly higher amid choppy trade and the broader Topix index gained 0.6% and was up for the fourth straight session. Business confidence in Japan's auto sector fell sharply, according to the Reuters Tankan poll. Firms grappled with US tariffs, rising costs and weak overseas demand. The monthly poll showed the manufacturers' index dropped to plus 8 in October from plus 13 in September, the lowest reading since July. Japan's real wages fell 1.4% on year in August, Reuters reported citing labour ministry data. 

 

Australia's S&P/ASX 200 fell 0.1% and was down for the third straight session. The Reserve Bank of New Zealand cut its benchmark interest rate by 50 basis points to 2.5%. "Economic activity through the middle of 2025 was weak. In part, this reflects domestic constraints on the supply of goods and services in some industries, and the impact of global economic policy uncertainty," the bank was quoted by CNBC as saying.

 

Following were the levels of key Asian indices at 0810 IST:

 

Index	Level	Change in %
Hang Seng Index	26750.04	(-)0.77
Nikkei 225 Day	48000.98	0.10
TOPIX FIRST SECTION	3249.58	0.67
FTSE Singapore Strait Times	4457.20	(-)0.34
S&P/ASX 200 Index	8948.10	(-)0.10

 

(Eshitva Prakash)

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Equity Alert:Indices seen marginally up; Nifty 50 may hit 25500 in near term

 

MUMBAI--0824 IST--Benchmark indices are likely to start the day with muted gains Wednesday after the Nifty 50 closed above its 25000 level for the second session Tuesday. The index is likely to test the 25500 mark in the near term, analysts said. They believe the market will maintain its positive momentum in the near future as the technical and fundamental factors suggest a bullish bias, analysts said.

 

The derivatives contract of the GIFT Nifty indicates the market may rise slightly at the open Wednesday. At 0819 IST, the October contract of the GIFT Nifty was at 25226 points, over 117 points higher than the Nifty 50's previous close. After the 2% rally in the market since the Reserve Bank of India's monetary policy on Oct. 1, some analysts are cautious and believe that the bull may take a pause in the near term. The Nifty 50 is likely to consolidate following a profit booking at higher levels Wednesday, analysts said. Technical analysts expect the Nifty 50 to find immediate support at 24950 points and face immediate resistance at 25290 points. However, they expect the 50-stock to be in a range of 24400-25400 points this month. 

 

The RBI's measures to support growth have driven the rally in the banking and financial services stocks, which supported the rise in the market. Going ahead, investors are expected to buy at lower levels in these stocks, according to technical analysts. Market participants will assess the September quarter earnings and management comments of information technology companies, with IT major Tata Consultancy Services giving its quarterly results Thursday.

 

Among individual stocks, Titan Co. will be in focus after the company declared its quarterly business update. The company said its consumer business grew 20% on year in the September quarter and its domestic sales grew 18%, supported by a double-digit rise in its jewellery, watches, eyecare, and other emerging businesses. While its core domestic jewellery sales grew 19% on year mainly due to the early onset of the festival season, its international business reported an 86% growth during the period.  (Simran Rede)

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Equity Alert: US mkts end down on worry over low spending, high inflation view

 

 

MUMBAI--0746 IST--Indices in the US closed lower Tuesday and the S&P 500 index snapped its seven-session winning streak. Market participants focussed on consumer expectations survey from the New York Federal Reserve which showed rising inflation projections and a deterioration in future expectations. Shares of Oracle fell on media reports that its cloud business margins were sharply lower than the company's overall margins. 

 

The New York Fed consumer expectations survey found that as of September, households reported a cutback in future spending expectations due to mixed views on earnings and income levels. The expected level of inflation a year from now stands at 3.4%, the report said. The report was given importance amid a data blackout from the US government, which extended its shutdown to the seventh day.

 

"The New York Fed report probably gave traders an excuse to take some profits, since the S&P had been up for seven days in a row...there is an awful lot of uncertainty the longer the government remains shut down because of the absence of any economic data," Sam Stovall, chief investment strategist of CFRA Research in New York, was quoted by Reuters as saying. 

 

Shares of Oracle fell 2.5% and the company led the decline in technology stocks. The Information reported that Oracle is generating much lower margins on its cloud business than analysts currently estimate and that it was losing money on some of its deals for rental of Nvidia chips. A fall in shares of index heavyweights Nvidia, Microsoft, Apple, and Meta Platforms pulled the S&P 500 down. 

 

Shares of Tesla fell 4.5?ter the electric carmaker unveiled its low-cost Model Y, which will be priced under $40,0000. Shares of Advanced Micro Devices extended their previous session gains and advanced almost 4?ter the brokerage Jefferies upgraded the stock rating to 'buy' and other brokerages hiked their price targets the day after the chipmaker's supply deal with OpenAI bolstered the tech rally, a Reuters report said.

 

US Senate for a fifth time, Monday, failed to pass a bill that would have funded the government through Nov. 21. The uncertainty around the government shutdown drove investors to hedge on riskier bets and move into safe-haven assets, leading gold futures to hit $4,000 per ounce for the first time, a CNBC report said. 

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6714.59	(-)0.38
NASDAQ Composite	22788.36	(-)0.67
Dow Jones Industrial Average	46602.98	(-)0.2

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.77

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

 

Edited by Vandana Hingorani

 

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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