Equity Alert
Nifty 50 Oct ends at 63.10-point premium to spot index
This story was originally published at 16:06 IST on 16 October 2025
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Equity Alert: Nifty 50 Oct ends at 63.10-point premium to spot index
MUMBAI--1556 IST--The October futures contract of the Nifty 50 closed at a premium of 63.10 points to the spot index Thursday. Open interest in the contract rose 2.2% to 18.33 million, according to provisional data.
--Nifty 50 closed at 25585.30 points, up 261.75 points or 1% vs Wed
--Nifty 50 October closed at 25648.40 points, up 223.60 points or 0.9% vs Wed
Nifty 50 options, expiring Tuesday, with maximum change in open interest:
Call: 26300, Put: 25500
Nifty 50 options, expiring Tuesday, with maximum open interest:
Call: 26000, Put: 25000
(Akash Mandal)
Equity Alert: Most Asia mkts end higher; Kospi up on positive US deal comment
MUMBAI--1510 IST--Most Asian indices closed higher Thursday, with the exception of the Hang Seng Index and the FTSE Singapore Strait Index. South Korea's Kospi closed at its highest level, on optimistic remarks by US Treasury Secretary Scott Bessent regarding the US-South Korea trade deal. Markets in Australia and Taiwan also hit new closing highs. Meanwhile, traders are monitoring US-China trade relations following China's pushback against Washington's call to ease restrictions on rare-earth exports.
Kospi breached the 3700-level for the first time and ended 2.5% higher. Investor sentiment was positive after Bessent's upbeat comment that South Korea and the US were close to finalising new terms of a trade deal to lower US tariffs on South Korean products. "We are about to finish up with (South) Korea," Bessent told CNBC. Shares of Hyundai Motor jumped up 8.3% and those of LG Energy Solution rose nearly 9%. Shares of chipmaker SK Hynix rose a little over 7%. Index heavyweight Samsung Electronics advanced 2.8%.
Taiwan's Taiex rose 1.5% and ended at a record high. The gains were driven in part by Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker, which reported a 39% jump in net profit for the September quarter. The results surpassed market expectations, fuelled by strong demand for semiconductors used in artificial intelligence applications, Reuters reported. Shares of the company gained 1.4%. Shares of MediaTek and United Microelectronics Corporation also rose.
Traders are cautious about the renewed tensions between the US and China. Chinese state media Thursday issued a seven-point rebuttal to US' demand that Beijing ease its controls on rare earth exports, Reuters said. US trade representative Jamieson Greer Wednesday called China's new rare earth export restrictions "a global supply-chain power grab." China's CSI 300 gave up its early gains in the session and settled 0.3% higher. Hong Kong's Hang Seng index fell marginally amid a choppy session. Shares of Pop Mart International Group rose over 5% after JPMorgan Chase upgraded its rating on the Labubu toy manufacturer to 'overweight' from 'neutral', a report by South China Morning Post said.
Following were the levels of key Asian indices at 1510 IST:
Index | Level | Change in % |
CSI 300 Index | 4618.42 | 0.26 |
Hang Seng Index | 25888.53 | (-)0.09 |
Nikkei 225 Day | 48277.74 | 1.27 |
TOPIX FIRST SECTION | 3203.42 | 0.62 |
KOSPI | 3748.37 | 2.49 |
FTSE Singapore Strait Times | 4356.20 | (-)0.28 |
S&P/ASX 200 Index | 9068.40 | 0.86 |
(Eshitva Prakash)
Equity Alert: Indices in Europe choppy after mixed earnings from cos
MUMBAI--1437 IST--Indices in Europe were choppy in early trade Thursday following mixed earnings from companies across the continent. Traders were concerned about the renewed US-China trade conflict after both of them exchanged fresh barbs over China's tighter rare-earth export rules.
France's CAC 40 were choppy. Shares of French spirits maker Pernod Ricard came off lows and the stock advanced over 2% despite the company reporting a near 8% fall in the net profit in its September quarter. A weak consumer demand and destocking in China and the US led to the fall in shares of the Absolut Vodka and Martell cognac manufacturer, according to a Bloomberg report. Traders were closely watching French Prime Minister Sebastien Lecornu's new government after he pledged to suspend a controversial pension reform until after the 2027 election.
UK's FTSE 100 index was marginally lower. Shares of hotel and restaurant operator Whitbread fell more than 7% after the company posted a 7% drop in half-year profit due to lower food and beverage sales and weaker-than-expected demand in Germany. Monthly data from the UK showed its GDP expanded by only 0.1% on month in August, according to figures from the Office for National Statistics.
Shares of lab supplies maker Sartorius and its French unit Sartorius Stedim Biotech rose over 9% and 11%, respectively, after their September quarter results exceeded the median market forecast. Shares of Swiss company Nestle rose over 7% after the world's largest packaged food company reported a better-than-expected sales growth and its new Chief Executive Officer Philipp Navratil announced job cuts of 16,000, Reuters reported.
Following were the levels of major European indices at 1422 IST:
Index | Level | Change in % |
FTSE 100 Index | 9409.54 | (-)0.16 |
CAC 40 | 8077.68 | 0.01 |
MIB INDEX | 41913.91 | 0.02 |
DAX PERFORMANCE-INDEX | 24126.09 | (-)0.23 |
SLI | 2046.74 | 0.63 |
(Eshitva Prakash)
Equity Alert: Indices rise further led by gains in bks; Nestle up nearly 4%
MUMBAI--1412 IST--Benchmark indices rose further after opening higher, with gains being supported by heavyweights such as ICICI Bank, Reliance Industries, and HDFC Bank, which continued to rise and were up around 1% each. Banking stocks were the major movers of the Nifty 50 index for the second consecutive session. At 1349 IST, the Nifty 50 index was at 25570.75, up 247.20 points or 1%, and the BSE Sensex was at 83422.46, up 817.03 points or 1%.
Shares of Nestle India skyrocketed after the fast-moving consumer major announced its September quarter earnings and was up nearly 4%. The company reported a net profit of INR 7.53 billion, beating the Street's view. Titan Co., Kotak Mahindra Bank, and Adani Ports and Special Economic Zone were other top gainers with shares rising 2%. Shares of Axis Bank slightly came off highs but remained higher and was up over 2%. The stock rose after falling for two consecutive sessions. HDFC Life Insurance, Shriram Finance, SBI Life Insurance Co., and Infosys were the worst-performing stocks in the Nifty 50 index with shares down 1-2%.
All the broader market indices traded higher, with Nifty Midcap 50 and Nifty Midcap 100 up nearly 1% each. All sectoral indices were up, with Nifty Realty and Nifty Consumer Durables up 1-2%.
In the Nifty 200 index, Oberoi Realty and Sona BLW Forgings led the gains in the index, and the stocks were up 4-5% each. KEI Industries, Max Financial Services, and HDFC Life Insuance Corp. were the worst-hit stocks in the Nifty 200 index.
In the Nifty 500 index, shares of BLS International rose over 14% after the company got contracts from the Ministry of External Affairs to set up and operate visa application centres in China. KEI Industries fell over 6% and was the worst-performing stock in the index. (Adhithya Aji)
Equity Alert: HDFC Life hits 5-mo low as brokerages cautious post Q2 results
MUMBAI--1339 IST--HDFC Life Insurance Co. fell nearly 5% to a five-month low of INR 726 as soon as the market opened for trading. The stock fell after the company Wednesday reported modest growth in its September quarter earnings, which were impacted due to the removal of input tax credit for insurance companies.
The company reported a decline in value of new business margin in the September quarter, which pushed brokerages to cut their estimates for the company's margin in 2025-26 (Apr-Mar). While the margin declined, brokerages expect a recovery in this in the second half of FY26.
At 1340 IST, shares of the company traded nearly 3% lower at INR 741.60. Over 8 million shares changed hands on the NSE compared to 1.7 million shares traded till the same time. The stock was the biggest loser in the Nifty 50 index.
"The gross impact on margins was mentioned at 300 bps, which the company expects to recoup by 4Q through an improved product mix in favour of protection and non-par/annuity, raising Sum Assured multiples and rider attachment, and an expected pick up in credit life business," JM Financial Instituitional Securities said in a report. Emkay Global Financial Services has cut its value of new business margin projections for the company by 20-50 basis points over FY26-28.
Emkay Global Financial Services retained its 'buy' rating on the stock with an unchanged target price of INR 850. Prabhudas Lilladher also retained its 'buy' rating on the stock with a target price of INR 900. JM Financial Institutional Securities downgraded its rating to 'add' from 'buy' with a target price of INR 830.
In its post-earnings conference call, HDFC Life said its product mix in the broker channel is reasonably healthy and has delivered good margins. "...our growth in the broker channel has been maintaining our share in some of the broker shops." The management also said there was an impact of 150 basis points on the solvency ratio after the GST cut.
As of Sept. 30, the company's solvency ratio was 175%, lower than 181% in the year-ago period. However, HDFC Life's solvency ratio is well above the regulatory requirement of 150%, and the management believes a solvency ratio of around 180% "is really comfortable for us to continue growing".
The life insurer's net profit rose 3.3% on year to INR 4.47 billion in Jul-Sept, but fell over 18% from the June quarter. On the revenue side, net income from investments in policyholders' account fell by INR 102 billion on year to INR 14.10 billion in Jul-Sept. (P. Madhu Kumar)
Equity Alert: Indian Bank rises 4% as Jul-Sept net profit beats estimates
MUMBAI--1322 IST--Shares of Indian Bank rose 4% to an intraday high of INR 805.95 after the bank's net profit for the September quarter rose on year and beat analysts' estimates. Its total income also saw robust on-year growth. At 1320 IST, the stock, which was up just 0.3% before the earnings were announced, traded 2.8% higher at INR 797.
The state-owned bank reported a net profit of INR 30.18 billion for the September quarter, up 12% on year and higher than analysts' estimate of INR 28.15 billion. Its total income rose 7% to INR 190.77 billion. Its gross non-performing asset fell to 2.60% from 3.01% in the previous quarter.
At 1320 IST, 2.59 million shares of the bank were traded on the NSE, sharply higher than the 410,167 shares traded till the same time Wednesday. (Akash Mandal)
Equity Alert: Nestle India surges 5% as Jul-Sept PAT, sales beat Street view
MUMBAI--1242 IST--Shares of Nestle India surged nearly 5% to an intraday high of INR 1,281.20 after the company's September quarter profit and revenue beat analysts' estimates. At 1237 IST, the stock was up 4% at INR 1,269.60 on the NSE, top gainer in the Nifty 50.
The fast moving consumer goods company's net profit for Jul-Sept came in at INR 7.53 billion, down 24% on year but higher than the Street's view of INR 7.23 billion. Its top line rose 11% on year, the fastest pace of growth in nine quarters, to INR 56.44 billion in Jul-Sept and comfortably surpassed analysts' estimates of INR 53.37 billion. This growth was led by volume growth, the company said in a release.
While further details will be available in the company's investor presentation, the on-year fall in net profit for the reporting quarter might have been a result of expected pressure on margins due to high coffee procurement prices as analysts had forecast. However, the company expects coffee prices to stabilise and fall in the coming quarters as upcoming crops in Vietnam and India appear to be normal. "The global supply and demand for cocoa is projected to balance, primarily due to a correction in demand over the past two years," the company said in an exchange filing.
At 1237 IST, 3.63 million shares of the company were traded on the NSE, sharply higher than the 1.11 million shares traded till the same time Wednesday. (Akash Mandal)
Equity Alert: Oberoi Realty shares rise 6%; co's Q2 result beats Street view
MUMBAI--1142 IST--Shares of Oberoi Realty surged nearly 6% to an intra-day high of INR 1,695.70, its highest level in over three weeks, after the real-estate company reported a sharp year-on-year increase in its consolidated revenue and net profit in the September quarter, and its results surpassed analysts estimates. The company reported its Apr-Sept earnings after market hours on Wednesday.
The company's consolidated net profit and revenue for the September quarter were much higher than market estimates and the company reported a strong on-year growth in its booking value in Apr-Sept. Oberoi Realty's core segment grew almost 36% on year and the company's management said its retail portfolio continues to strengthen amid a healthy leasing momentum. However, the company's consolidated operating margin shrunk in the September quarter and in Apr-Sept.
At 1132 IST, the stock pared some early gains but still traded almost 5% higher at INR 1,680.10. Nearly 1.64 million shares have changed hands so far Thursday on NSE as compared to over 190,000 shares traded till the same time Wednesday and much higher than the one-year average daily volume of 857,557 shares.
The Mumbai-based company's consolidated net profit for the September quarter rose almost 29% on year to INR 7.60 billion in the September quarter, as compared to the median market forecast of a 5% increase in its bottom line. The company's top line grew 35% on year in the September quarter to INR 17.79 billion. Its consolidated revenue grew 1.5% to INR 27.67 billion for Apr-Sept and its net profit rose slightly for the same period.
"The ramp up in leasing at Sky City Mall in Borivali and Commerz III reaffirm the depth of demand for well-conceived, experience-led spaces. Also, the opening of our new office in Gurugram, marks a significant milestone as we expand our presence in the NCR market," Vikas Oberoi, chairman and managing director, Oberoi Realty, said in a press release.
Oberoi Realty's total expenditure for the September quarter grew over 49% on year and was INR 8.63 billion after the company reported an inventory gain of INR 765.20 million, following a loss of INR 930.30 million in the year-ago quarter. Further, its land, development rights, construction, and other costs, which were responsible for 69% of total expenses, rose over 14% on year to INR 5.96 billion. (Eshitva Prakash)
Equity Alert: South Indian Bank up 3% ahead of Jul-Sept earnings
MUMBAI--1104 IST--Shares of South Indian Bank rose as much as 3% to the day's high of INR 33.62 ahead of the company's September quarter earnings. At 1118 IST, shares of the company were at INR 33.11 on the NSE, up 1% from the previous close.
Anand Rathi Share and Stock Brokers estimates the bank's net profit for the September quarter at INR 3.25 billion, and ICICI Securities expects a profit after tax of INR 3.11 billion. While Anand Rathi expects South Indian Bank's net interest income at INR 8.29 billion, ICICI Securities sees the figure at INR 8.07 billion.
The company's net non-performing asset ratio is expected to fall by six basis points sequentially to 0.6%, according to ICICI Securities. The net interest margin is expected to fall 15 bps on quarter to 2.9%.
All the four brokerage reports on the company available with Informist have a 'buy' rating on the stock with a target price of INR 36. For the June quarter, South Indian Bank reported a net profit of INR 3.22 billion and its net interest income came in at INR 8.33 billion. Shares of the company are up 7% from Jul. 17, when the company detailed its June quarter earnings. (Durva A. Shivalkar)
Equity Alert: Axis Bank gains post Q2 results; brokerages recommend 'buy'
MUMBAI--1018 IST--Shares of Axis Bank topped Nifty 50 constituents and rose 4% Thursday to an over-three-month high of INR 1,216.90. Brokerages still recommend buying Axis Bank even after it posted disappointing earnings for the September quarter. The miss in the bank's net profit was largely due to a one-time standard provision of INR 12.30 billion, which led to a surge in its total provisions during the quarter. At 1015 IST, shares of the bank traded over 2% higher at INR 1,193.70. The stock was the top gainer in the Nifty 50 index.
Nirmal Bang Institutional Equities has upgraded the stock to 'buy' from 'hold' and also raised its target price by nearly 17% to INR 1,401. The brokerage firm has upgraded its estimates for net profit by 5.3% and 5.8% for 2026-27 (Apr-Mar) and FY28 due to expectations of improvement in loan growth ahead. The broking firm said this standard asset provision will be written back to the bank's profit and loss statement when all the outstanding loans in the two discontinued product variants are recovered or closed in the normal course or by Mar. 31, 2028.
Barring the one-time provision, the bank's core earnings were stable as the growth in loans rose 170 basis points, its net interest income and net interest margin, and provisions were in-line with the Street's expectations, Prabhudas Lilladher Institutional Equities said. It has retained its 'buy' rating on the stock but has raised the target price by nearly 4% to INR 1,425. The brokerage has cut its estimate for core net profit by 6% for FY26 but raised it by 2% for FY27 due to better loan growth.
Nuvama Institutional Equities maintained its 'hold' rating for Axis Bank with an unchanged price target of INR 1,180. Moreover, Emkay Global Financial Services has retained its 'buy' rating with a target price of INR 1,400. However, after posting mixed earnings of the bank for the September quarter, Nuvama recommends switching to ICICI Bank for a more sustainable and less volatile business model and higher current and savings accounts growth.
Emkay Global has cut its earnings estimate for FY26 by 5% and expects return on assets to first dip to 1.5% in FY26, impacted by one-off asset quality events, and then gradually recover to 1.7% by FY28. The brokerage said it has retained its 'buy' rating on the back of cheap valuation of the stock. The bank's management expects its margins to bottom out in the December quarter, in the absence of any further rate cuts by the RBI. This, coupled with moderation in loan loss provisions, is expected to lead to better profitability in Oct-Mar, Emkay Global cited the bank's management as saying.
The target price of Nuvama on shares of Axis Bank implies a near-1% upside to the stock's Wednesday close, while Emkay's price target implies a near-20% upside. Wednesday, the stock closed 0.6% lower at 1,169.60.
The bank reported its September quarter earnings post market hours Wednesday. Axis Bank posted the sharpest fall in its net profit in 19 quarters in the September quarter due to a surge in its provisions because of deteriorating asset quality. Provisions and contingencies of the bank increased by around 61% from a year ago to INR 35.47 billion in Jul-Sept, including a one-time standard provision of INR 12.30 billion. The Reserve Bank of India mandated these provisions following its inspection for FY25. (Simran Rede)
Equity Alert: Mkt opens higher Thursday; bank stocks rise, Axis Bank up 3%
MUMBAI--0941 IST--Benchmark equity indices opened higher Thursday, supported by gains in bank stocks. Shares of Axis Bank rose nearly 3% despite the company's net profit for the September quarter missing analysts' estimates. The stock was the biggest gainer in the Nifty 50 index. Eternal rose over 1% ahead of its Jul-Sept earnings, due later Thursday. Analysts expect the company to post a sharp on-year rise in revenue for the quarter, but a steep fall in its net profit.
At 0940 IST, The Nifty 50 index was up 0.4% at 25415.80 points and the BSE Sensex index was 0.4% higher at 82926.13 points. Most financial services companies in the Nifty index were in the red. HDFC Life Insurance Co. declined nearly 3% after the company posted sluggish on-year growth in net profit for the September quarter as the top line fell sharply due to a slump in net income from investments. SBI Life Insurance Co. and Shriram Finance fell over 1% each.
Most sectoral indices gained, with the Nifty Auto up and the Nifty Private Bank up nearly 1%. Most real estate stocks rose and the Nifty Realty index gained nearly 1%. Oberoi Realty was up over 4% after the company posted a higher-than-expected consolidated net profit and revenue for the September quarter. The Nifty IT and Nifty Oil & Gas were the only sectoral indices in the red, down marginally. All broader market indices gained, with the Nifty Smallcap 250 and the Nifty Smallcap 100 being the biggest gainers, rising 0.6% each.
Among Nifty 200 stocks, KEI Industries fell nearly 5% after the company posted marginally lower than expected revenue for the September quarter. Bharti Hexacom and Sona BLW Precision Forgings gained over 3% and were among the top gainers in the index. (P. Madhu Kumar)
Equity Alert: Most Asian indices rise; Kospi, S&P/ASX 200 touch record highs
MUMBAI--0828 IST--Almost all indices in Asia were higher with South Korea's benchmark Kospi and Australia's S&P/ASX 200 touching record intraday highs. Markets in South Korea touched fresh highs after the International Monetary Fund raised the country's growth forecast in its October outlook report. Markets in Asia were boosted by IMF raising its growth projection for the global economy due to the impact of US tariffs' being "at the modest end of the range."
South Korea's Kospi rose almost 2% after the IMF raised the country's 2025 growth forecast to 0.9% from 0.8%. Markets in the country also received a boost after US Treasury Secretary Scott Bessent Wednesday told CNBC that Washington was "about to finish up" trade negotiations with South Korea. "The devil's in the details, but we are ironing out the details," he was quoted as saying by CNBC. Shares of Samsung Electronics rose 2.3% to an all-time high and those of Hyundai Motor advanced 8%. Shares of Kia were up around 7%.
Australia's S&P/ASX 200 was almost 1% higher and hit a new intraday record after the country's seasonally adjusted unemployment rate jumped to a near four-year high in September at 4.5%, Reuters reported. Peak forecast by the Reserve Bank of Australia had estimated a 4.3% rise. Employment rose by just 14,900 in September, lower than market expectations of a 20,000 rise. Weak jobs reading paves the way for further interest rate cuts.
The FTSE Singapore Strait Times fell over 0.4%. The country's non-oil domestic exports likely fell 2% on year in September, Dow Jones Newswire said, citing an estimate by The Wall Street Journal. In August, non-oil domestic exports contracted by 11.3% on year. "Readings might be choppy in the coming months, based on August and September trade reports from major trade partners in Southeast Asia and Northeast Asia," Denise Cheok, Moody's Analytics economist, was quoted as saying by Dow Jones Newswires.
Following were the levels of key Asian indices at 0820 IST:
Index | Level | Change in % |
CSI 300 Index | 4625.64 | 0.42 |
Hang Seng Index | 25920.64 | 0.04 |
Nikkei 225 Day | 48079.76 | 0.85 |
TOPIX FIRST SECTION | 3198.58 | 0.47 |
KOSPI | 3721.57 | 1.76 |
FTSE Singapore Strait Times | 4350.37 | (-)0.41 |
S&P/ASX 200 Index | 9076.40 | 0.95 |
(Eshitva Prakash)
Equity Alert: Mkt may rise Thu; Trump says India to stop buying Russian oil
MUMBAI--0804 IST--Benchmark indices are seen moving upward Thursday, extending Wednesday's gains, after US President Donald Trump said Prime Minister Narendra Modi has assured him that India will stop buying crude oil from Russia. This came months after Washington imposed punitive tariffs on New Delhi over oil purchases from Moscow.
India "can't immediately stop buying Russian oil, bit of a process, which will be over soon", Trump said at a joint news conference with Federal Bureau of Investigation Director Kash Patel at the Oval Office. "That's a big stop. Now we've got to get China to do the same thing."
"Within a short period of time, they (India) will not be buying oil from Russia. And they will go back to Russia after the war is over," he said. Trump said he was in the midst of negotiating a trade deal with India and Pakistan. "I heard that they are shooting at each other. I said here's the deal, you go to war, I will put a 200% tariff. I am going to stop you from doing any business in the US. I said it to both of them, within 24 hours the war ended. It would have been a nuclear war," Trump said.
The derivatives contract of the GIFT Nifty shows a slight positive start for the market. At 0803 IST, the GIFT Nifty's October contract was at 25469.50 points, nearly 146 points higher than the Nifty 50's latest close. On Wednesday, the Nifty 50 closed at 25323.55, up 178.05 points or 0.7%. The BSE Sensex settled at 82605.43, up 575.45 points or 0.7%. The resistance for Nifty 50 is pegged at 25500-25600 points and support is seen at 25250 points.
Market participants will watch for the September quarter earnings of the Nifty 50 companies scheduled to detail their results Thursday – Nestle India, Eternal, Infosys, Jio Financial Services, and Wipro. They will also asses the earnings of LTIMindtree, another information technology company which will details its results Thursday.
On the global front, Wall Street indices closed higher Wednesday, with Morgan Stanley and Bank of America rallying after robust quarterly results. The rise in the market came against mounting trade tensions between the US and China. Markets in Asia rose in early trade Thursday. (Simran Rede)
Equity Alert: S&P 500, Nasdaq rise on better-than-expected bank earnings
MUMBAI--0748 IST--The S&P 500 and the Nasdaq Composite index ended higher Wednesday, buoyed by better than expected earnings of Bank of America and Morgan Stanley. An upbeat start to the earnings season largely overshadowed concerns around US-China trade ties and a US government shutdown. US Treasury Secretary Scott Bessent told CNBC in an interview that Washington did not want to escalate a trade conflict with China, adding that US President Donald Trump was ready to meet Chinese President Xi Jinping in South Korea later this month.
Strong quarterly reports from Bank of America and Morgan Stanley improved trader sentiment on Wall Street. Shares of Bank of America ended 4.4% higher and those of Morgan Stanley rose almost 5%. Bank results from earlier this week indicate that major US companies might be performing better than forecasts. The earnings also provide cues on the US economy's condition at a time when many macroeconomic reports are delayed due to a government shutdown.
"It appears as if the banks have hit the ball out of the park, exceeding both earnings and revenue expectations...that's an indication that the economy remains strong and, coupled with the likelihood that the Fed will cut rates again at the end of this month, (it) is bolstering investor optimism," Sam Stovall, chief investment strategist at CFRA Research, was quoted by CNBC as saying.
While there has been higher volatility in the US stock market, this hasn't deterred US federal officials from pursuing tough talks with China, Treasury secretary Scott Bessent was cited as saying by CNBC. "We won't negotiate because the stock market is going down, we will negotiate because we are doing what is best economically for the US," he said.
Shares of chipmaker ASML rose 3% after the company reported September orders and operating income above market expectations, lifted by booming AI investment, Reuters reported. Meanwhile, shares of medical equipment maker Abbott fell over 2% following downbeat quarterly revenue. Shares of Bunge rose almost 13% despite the grain trading company lowering its earnings forecast following its merger with Viterra.
Following are the closing levels of US indices Wednesday:
Index | Level | Change in % |
S&P 500 | 6671.06 | 0.4 |
NASDAQ Composite | 22670.08 | 0.66 |
Dow Jones Industrial Average | 46253.31 | (-)0.04 |
(Eshitva Prakash)
End
US$1 = INR 87.82
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
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