Equity Alert
Indices open tad higher; metal, pharma stocks top gainers
This story was originally published at 10:03 IST on 9 October 2025
Register to read our real-time news.Informist, Thursday, Oct. 9, 2025 Tel +91 (22) 6985-4000
Equity Alert: Indices open tad higher; metal, pharma stocks top gainers
MUMBAI--0945 IST--Equity indices opened slightly higher with pharmaceutical and metal stocks being the top gainers in the Nifty 50 index. Tata Steel was the biggest gainer in the 50-stock index, rising over 2%, followed by Dr. Reddy's Laboratories, HCL Technologies, and Sun Pharmaceutical Industries, up 1-2%. The gains in the indices are despite analysts' bearish stance on the market owing to profit-booking across sectors on Wednesday.
At 0949 IST, the Nifty 50 index and the BSE Sensex were marginally higher at 25061.35 points and 81805.52 points, respectively. Power Grid Corp. was down nearly 1%, falling for the second straight session and was among the biggest losers in the 50-stock index. Bajaj Finance, Max Healthcare Institute, HDFC Life Insurance Company fell 0.6?ch.
Among Nifty 200 stocks, Prestige Estates Projects rose over 4%, making it the biggest gainer in the index. The stock rose after the company's sales for the September quarter rose 50% on year to INR 60.17 billion, driven by robust demand across markets and segments. Shares of Lupin gained over 3?ter the company announced plans for a new pharmaceutical manufacturing plant in Coral Springs, Florida, US, with a cumulative investment of $250 million in the next five years. None of the stocks in the Nifty 200 and 500 indices fell more than 3%.
Among sectoral indices, Nifty Metal and Nifty Pharma were the biggest gainers, up over 1%. Nifty Healthcare and Nifty Oil & Gas rose 0.9% and 0.5%, respectively. Nifty Consumer Durables and Nifty Auto were the worst performers among sectoral indices, falling 0.2?ch. All broader market indices were in the positive territory. (P. Madhu Kumar)
Equity Alert: Indices seen marginally higher Thu; TCS Q2 results in focus
MUMBAI--0826 IST—India's headline equity indices are likely to open marginally higher Thursday due to positive cues from global markets as well as the absence of any negative developments, especially on the US tariffs front. Investors will focus on the September quarter earnings, which will help gauge the financial health of domestic companies and their business outlook amid concerns about the impact of US tariffs, analysts said.
On Wednesday, the Nifty 50 closed 0.3% lower at 25046.15 points and the BSE Sensex ended down 0.2% at 81773.66 points. The Gift Nifty suggests a flat to positive open for the market Thursday. At 0756 IST, the GIFT Nifty's October contract was at 25151 points, up 105 points compared to the Nifty 50's Wednesday close. The Nifty 50 is expected to face resisitance at 24200-24250 and find support at 25000–24900 points.
Market participants will gauge minutes of the Federal Open Market Committee's September meeting for signals on the US Federal Reserve's policy stance. The minutes showed central bankers divided over US monetary policy going forward. The US government continued its shutdown for the eighth straight day, leaving markets without official economic indicators.
On the global front, indices in the US closed higher, with the S&P 500 and the Nasdaq Composite indices notching record highs Wednesday. Information technology stocks were the biggest gainers during the session. Most Asian indices were higher in early trade, taking positive cues from US indices.
Back home, investors will assess the September quarter earnings of Nifty 50 constituent Tata Consultancy Services Ltd., likely after market hours. Market participants will also track the company's guidance for the next quarter. Tata Elxsi is also slated to detail its Jul-Sept earnings Thursday. (Simran Rede)
Informist, Thursday, Oct. 9, 2025 Tel +91 (22) 6985-4000
Equity Alert: Most Indices in Asia up; Softbank group gains on deal with ABB
MUMBAI--0816 IST--Most indices in Asia rose in early trade Thursday, tracking overnight gains in the US. Stocks of artificial intelligence companies gained in the early trade. Japan's Softbank group was among the top gainers in early trade after the company announced the purchase of Swiss engineering firm ABB's robotics division. Markets in China reopened after a week-long break and the blue-chip CSI 300 index was higher. South Korean markets are closed for the Hangeul Proclamation Day holiday.
Japan's Nikkei 225 index rose over 1.2%. Shares of Softbank Group jumped nearly 12?ter the company said it will buy engineering firm ABB's robotics division for $5.4 billion, thereby extending its artificial intelligence footprint.
Hong Kong's Hang Seng Index was down 0.7% and was down for the fourth consecutive session. Hang Seng Bank shares jumped more than 26?ter HSBC proposed Thursday to take the company private, valuing the bank at around $37 billion, a report by CNBC said. Among technology companies, shares of Jd.com, Baidu and Tencent all traded in the green.
China's CSI 300 advanced over 1?ter markets in China reopened from the National Golden Week holiday. The country has announced new restrictions on the export of rare earth minerals and equipment that have been a contentious point in trade talks with the US, a report by Reuters said.
Following were the levels of major European indices at 0805 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4691.26 |
1.09 |
|
Hang Seng Index |
26803.81 |
(-)0.10 |
|
Nikkei 225 Day |
48343.39 |
1.27 |
|
TOPIX FIRST SECTION |
3244.48 |
0.27 |
|
FTSE Singapore Strait Times |
4441.31 |
(-)0.34 |
|
S&P/ASX 200 Index |
8965.50 |
0.20 |
(Eshitva Prakash)
Equity Alert: S&P 500, Nasdaq close at record highs as technology cos gain
MUMBAI--0730 IST--The S&P 500 and the Nasdaq Composite closed at record highs Wednesday, with information technology stocks among the biggest gainers in the session. Traders looked past minutes of the US Federal Reserve's September meeting, which showed central bankers divided over US monetary policy going forward. The US government shutdown entered its eighth day, leaving markets without official economic indicators. The Dow Jones Industrial Average ended flat.
The technology-heavy Nasdaq Composite closed over 1% higher. Shares of Advanced Micro Devices jumped over 11%, extending gains for the third day, and shares of Broadcom, Intel and Apple rose almost 1–3%. Shares of chipmaker Nvidia were up 2?ter its CEO Jenseng Huang said in an interview on CNBC that demand for artificial intelligence chips has gone up this year. Huang also confirmed Nvidia's involvement in funding Elon Musk's xAI. "The demand (for chips) is still there – and Nvidia is obviously in the best position in the world to comment on that – I do think is reassuring that the level of spending capital expenditure isn't completely circular," Ross Mayfield, Baird investment strategist, was quoted by CNBC as saying.
Shares of Newmont and Gold Fields were up nearly 2% and 4%, respectively, due to a surge in gold prices. Shares of Freeport-McMoRan advanced over 5?ter Citigroup upgraded its view on the stock to 'buy' from 'neutral', according to a Reuters report. Fair Isaac Corp, which assesses consumer creditworthiness, fell nearly 10?ter credit bureau Equifax said it plans to offer cheaper mortgage credit scores.
Minutes of the Fed's September policy meeting showed policymakers were concerned about rising labour market risks but still cautious about inflation. The timing and the quantum of further interest rate cuts remained uncertain. Traders see a 93% probability of a 25-basis-point interest rate cut by the Fed at its October policy meeting, according to data from CME Fedwatch tool. Traders are focussing on the third-quarter earnings season, which will get underway next week, to provide cues on the financial health of US companies.
Following are the closing levels of US indices Wednesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6753.72 |
0.58 |
|
NASDAQ Composite |
23043.38 |
1.12 |
|
Dow Jones Industrial Average |
46601.78 |
0 |
(Eshitva Prakash)
End
US$1 = INR 88.77
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Nishant Maher
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:
