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Informist, Tuesday, Oct. 28, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Indus Towers up 4% on robust Q2 results; CLSA retains view

 

MUMBAI--1031 IST--Shares of Indus Towers rose nearly 4% to an intraday high of INR 384.80 after the company's top line and bottom line for the September quarter both beat analysts' estimates. Some brokerages also reiterated their positive view on the stock post the strong showing. At 1025 IST, the stock traded 2.1% higher at INR 379.10 and was among the top gainers in the Nifty 200. It was up for the third straight session. 

 

Global brokerage CLSA has retained its "high conviction outperform" rating on the stock with a target price of INR 520, implying a potential upside of 40% from the closing price Monday. The telecom equipment maker's core revenue and earnings before interest, tax, depreciation, and amortisation for Jul-Sept surpassed expectations, CNBC-TV18 reported CLSA as saying. 

 

The company after market hours Monday reported a consolidated net profit of INR 18.39 billion in the September quarter, up 6% sequentially and above analysts' estimates of INR 18.03 billion. Its top line rose 2% sequentially to INR 81.88 billion, higher than the Street's view of INR 81.41 billion. 

 

At 1025 IST, 8.4 million shares of the company were traded on the NSE, sharply higher than the 777,930 shares traded till the same time Monday.  (Akash Mandal)

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Equity Alert: Indices muted at open; PSU bks rise more on likely govt reform

 

MUMBAI--0932 IST--Benchmark indices started the session slightly lower Tuesday, before recovering somewhat. Public sector banks rose further after robust gains in the previous session. Reuters reported on Monday that the government plans to allow up to 49% foreign direct investment in state-run banks, more than double the current limit. State Bank of India, Indian Bank, and Canara Bank were up 1-3%.

 

At 0949 IST, the Nifty 50 was at 26008.90 points, up 42.85 points or 0.2%, and the BSE Sensex was at 84883.16 points, up 104.32 points or 0.1%. While the Nifty 50 has crossed the psychologically crucial 26000-point hurdle, it may face selling pressure at higher levels, as seen Monday. The index was likely to face a hurdle at 26000 points and was expected to move in a range of 25900-26100 points Tuesday, analysts had said earlier. Index heavyweight ICICI Bank, down 1%, was the worst hit and weighed the most on the index.

 

Sectoral indices were mixed, with the Nifty PSU Bank up 1.6% while the Nifty Realty was down nearly 1% and was the worst hit after three straight sessions of gains. Most broader market indices traded with gains. 

 

Among other stocks, Indus Towers topped the Nifty 200, gaining 3?ter its net profit and revenue for the September quarter both came in ahead of analysts' estimates. JK Tyre & Industries gained 4% and was among the top gainers in the Nifty 500 after its consolidated net profit rose 64% on year in the quarter ended September. 

 

On the other hand, Supreme Industries dropped 4?ter its bottom line for the quarter fell on year and missed the Street's view, with most brokerages having a cautious view on the company. Bata India fell over 5% and was the worst hit in the Nifty 500 after its September quarter net profit plunged 74% on year and brokerages said the outlook for the company remained weak.  (Akash Mandal)

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Equity Alert: Most Asian indices down after hitting record highs Mon

 

MUMBAI--0830 IST--Most equity markets in Asia fell Tuesday after hitting record highs in the previous session as trade discussions between the US and China showed progress and raised hopes of the two countries likely singing a trade deal on Thursday. Investors likely booked their profits following the recent rally in these markets on expectations of the trade deal. Shares of many information technology companies in the region rose ahead of their quarterly results this week, media reports said.

 

The MSCI Asia-Pacific index, excluding Japan, was down 0.2%. South Korea's Kospi was down over 1% and was the worst hit in the region Tuesday. Among other laggards were Hong Kong's Hang Seng index, down 0.4%, and China's CSI 300, which traded 0.2% lower. 

 

Japanese headline index Topix was down 0.5% and was the worst hit among Asian peers, while Nikkei 225 was down 0.2%. The Nikkei 255 index was dragged down by losses in shares of electronics and metal companies, Dow Jones Newswires reported. Japan's newly elected and its first woman Prime Minister Sanae Takaichi and US President Donald Trump have signed a pact to boost supply and production of rare earths between the two countries, as per media reports. This pact comes amid Washington's efforts to reduce its reliance on China for critical minerals. 

 

All eyes will be on the US Federal Reserve's two-day monetary policy meeting outcome on Wednesday. The apex bank is widely expected to cut key interest rates by 25 basis points to 3.75-4.00%. 

 

Following were the levels of key Asian indices at 0830 IST:

 

Index	Level	Change in %
CSI 300 Index	4714.461	(-)0.02
Hang Seng Index	26378.49	(-)0.22
Nikkei 225 Day	50419.96	(-)0.18
TOPIX FIRST SECTION	3307.51	(-)0.53
KOSPI	3997.42	(-)1.12
FTSE Singapore Strait Times	4468.37	0.65
S&P/ASX 200 Index	9016.8	(-)0.43

 

(Anjana Therese Antony)

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Equity Alert: Indices seen in range; Nifty 50 faces hurdle at 26000 mark

 

MUMBAI--0804 IST--Benchmark equity indices are expected to move in a thin range Tuesday after gaining over 5% so far this month. While the bias remains positive, the Nifty 50 must rise past and sustain above the technical resistance of 26100 points for further upside, technical analysts said. On Tuesday, the index is likely to move in a range of 25900-26100 points but may face a tough challenge in crossing the 26000 level, analysts said.

 

Going ahead, the Nifty 50 will rise towards a fresh high only if it sustains above 26100 points and failure to do so will lead to some consolidation between 26100 and 25600 points, Bajaj Broking said in a note. A consolidation phase will help the index work off the current overbought conditions after a 1,500-point gain in the last four weeks, the brokerage added.

 

The derivatives contracts of the GIFT Nifty also indicate a muted start for the market. At 0801 IST, the October contract of the GIFT Nifty was at 26053.50 points, 8.50 points lower than the previous close. The November contract of the GIFT Nifty was at 26215.50 points, down 13.50 points. On Monday, the Nifty 50 closed at 25966.05 points, up 170.90 points or 0.7%. The BSE Sensex closed at 84778.84 points, up 566.96 points or 0.7%.

 

Overnight, indices in the US rose to record highs and ended higher for the third straight session on hope of a trade deal between the US and China with the presidents of both countries scheduled to meet Thursday. Indices in Asia were mixed in early trade Tuesday, with risk appetite for US equities increasing amid easing trade tensions and robust performances from US companies, Mint reported.  (Akash Mandal)

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Equity Alert: US mkt hits record high, ends up Mon as US-China talks progress

 

MUMBAI--0742 IST--The equity market in the US hit a fresh record high and closed higher for the third consecutive session on Monday as trade talks between the US and China progressed. US officials said negotiators from both the countries have reached a framework for agreements to reduce US tariffs on Chinese imports and ease curbs on rare earth exports from China, according to media reports. There is hope that the two nations will sign a trade deal on Thursday and bring respite to trade tensions between them.  

 

All three headline indices – Dow Jones Industrial Average, S&P 500, and Nasdaq Composite – hit all-time highs during the day. The tech-heavy Nasdaq Composite gained the most among the three and closed almost 2% higher at 23637.456 points after reaching its lifetime high of 23658.66 points. The S&P 500 index closed just a little over 1% at 6875.16 points after hitting its new all-time high during the day. The Dow Jones index also hit a record high of 47564.52 points intraday and closed 0.7% higher at 47544.59 points. 

 

"We had this big headline, markets sold off, we had some wobbles on that, but now it seems that talks are constructive again and now that's being faded," Reuters reported, citing Evelyne Gomez-Liechti, multi-asset strategist at Mizuho. "To be honest, whenever we get all these headlines from Trump, it also follows this TACO (Trump Always Chickens Out) pattern. I feel like this was just the strategy again," she said. 

 

Investors will also focus on the two-day monetary policy meeting of the US Federal Open Market Committee starting Tuesday. According to the CME FedWatch Tool, there is a 97% possibility that the central bank will reduce the key interest rate by 25 basis points to 3.75-4.00%. 

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6875.16	1.23
NASDAQ Composite	23637.456	1.83
Dow Jones Industrial Average	47544.59	0.71

 

(Anjana Therese Antony)

 

End

 

US$1 = INR 88.26

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

 

Edited by Tanima Banerjee

 

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