Equity Alert
Mkt may consolidate a bit near term but bias remains positive
This story was originally published at 08:05 IST on 23 October 2025
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Equity Alert: Mkt may consolidate a bit near term but bias remains positive
MUMBAI--0749 IST--The positive sentiment in the market is likely to continue and the Nifty 50 may test the 26000 level in the near term. However, some analysts said there might be some profit-booking in the next few trading sessions due to the sharp gains in recent sessions. Earnings will be in focus, with fast-moving consumer goods majors Hindustan Unilever and Colgate-Palmolive set to report their September quarter results during the day.
"From a technical perspective, while the index appears overstretched and showing early signs of momentum fatigue, a healthy consolidation or mild correction cannot be ruled out...nevertheless, the Nifty 50's sustained move above its breakout neckline has converted previous resistance into a strong support base," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note.
The October contract of the GIFT Nifty indicates a positive start for the market. At 0744 IST, the contract was at 26258.50 points, up nearly 390 points from the 50-stock index's last close. On Tuesday, the Nifty 50 had closed at 25868.60 points, up 25.45 points or 0.1% during the one-hour Muhurat trading session. The BSE Sensex had ended at 84426.34 points, up 62.97 points or 0.1%.
Indices in the US retreated overnight, weighed down by underwhelming corporate earnings and soft risk appetite amid concerns that the country is considering restictions on exports of US software to China. The new export curbs, which would include a wide array of goods ranging from laptops to jet engines, are some of the measures being considered in retaliation to China's latest round of rare earth export restrictions, Reuters reported. Barring Hong Kong, all major Asian markets were in the red in early trade Thursday. (Akash Mandal)
Equity Alert: US indices end lower on weak earnings, US-China trade dispute
MUMBAI--0730 IST--Equity indices in the US fell Wednesday after lower-than-expected earnings from companies, including Texas Instruments and Netflix. Trader sentiment was further dampened after Reurters, citing sources, reported that the White House is considering curbs on critical software exports to China in retaliation to Beijing's latest round of restrictions on rare earth magnet exports. US President Donald Trump Tuesday said he would have a "very successful meeting" with Chinese President Xi Jinping, but also hinted that the meeting next week might be called off.
Shares of Texas Instruments fell nearly 6?ter the semiconductor company reported weaker-than-expected earnings for the latest quarter and cut its December quarter earnings forecasts. The company's management said it was seeing a semiconductor-industry recovery chug along at a more moderate pace than past cycles, according to a report by The Wall Street Journal. Shares of other semiconductor companies such as Advanced Micro Devices, Micron Technology, and VanEck Semiconductor ETF fell 2-3%.
Shares of Netflix fell 10?ter the streaming platform's earnings missed estimates due to a dispute with Brazilian tax authorities. "Perhaps amid reports that US corporate earnings outcomes for Q3 have been much better than expected, there may remain some worries about guidance from management as the US corporate earnings season expands to encompass more stocks and more sectors," Thierry Wizman, global FX and rates strategist at Macquarie Group, was quoted as saying by CNBC.
Following are the closing levels of US indices Wednesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6699.40 |
(-)0.53 |
|
NASDAQ Composite |
22740.40 |
(-)0.93 |
|
Dow Jones Industrial Average |
46590.41 |
(-)0.71 |
(Eshitva Prakash)
End
US$1 = INR 87.93
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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