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Informist, Wednesday, Oct. 29, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices open on positive note as Nifty 50 crosses 26000 points

 

MUMBAI--0933 IST--Benchmark equity indices started the session on a positive note Wednesday, with most Nifty 50 constituents trading higher. The Nifty 50 managed to cross the psychologically crucial 26000 level in early trade, with 26100 points being the next key resistance. However, the broader market underperformed the benchmark indices, with most broader market indices in the red. 

 

At 0930 IST, the Nifty 50 was at 26014.20 points, up 78 points or 0.3%, and the BSE Sensex was at 84859.73 points, up 231.57 points or 0.3%. Most sectoral indices were higher, with the Nifty Metal up for the sixth straight session and being the top gainer among sectors. Steel Authority of India, Hindustan Copper, and Vedanta were up 2-4%. 

 

Broking firms and asset management companies were lower in early trade after the Securities and Exchanges Board of India proposed changes for the mutual funds industry, including lower brokerage costs. The regulatory body proposed reduction in the cap on brokerage and transaction costs, with cash market brokerage falling to 2 basis points from 12 bps, and derivative transactions to 1 bps from 5 bps. Motilal Oswal Financial Services, HDFC Asset Management Co., 360 ONE WAM, Nuvama Wealth Management, Nippon Life India Asset Management, and Aditya Birla Sun Life AMC were down 3-6%. 

 

Among other stocks, Mahindra & Mahindra Financial Services was up 4% and was the top gainer in the Nifty 200 after its September quarter net profit beat analysts' estimates. DCM Shriram and Blue Dart Express rose 7% and 9%, respectively, and topped the Nifty 500 after robust earnings growth in the reporting quarter.  (Akash Mandal)

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Equity Alert: Brokerages raise rtg, target price on TVS Motor post strong Q2

 

MUMBAI--0822 IST--Many brokerages raised their rating recommendations, target prices, and estimates on TVS Motor Co. after the two-wheeler maker reported robust 37% on-year growth in its bottom line for the September quarter at INR 9.06 billion. The stock, however, ended Tuesday's session at INR 3,562 on the NSE, down 2.1% from the previous close. Analysts had expected the company's net profit at INR 9.58 billion.

 

Nirmal Bang Equities upgraded the stock to 'hold' from 'sell' and raised the target price by 9% to INR 3,589 as it was positive on the company's broad-based growth during Jul-Sept, driven by higher volumes and a premium mix in its portfolio. "TVS has outperformed the two-wheeler industry and we expect this outperformance to sustain at a volume CAGR of 14% over financial year ended 2025 to FY27...we have adjusted our estimates upwards for FY26/27 earnings per share as we expect lower Goods and Services Tax rates to boost demand for vehicles, particularly in the entry-level segments across semi-urban and rural markets," the brokerage said in its report. However, it also said most positives are factored into the stock's target price.

 

Morgan Stanley maintained an 'overweight' rating on the stock and raised the target price by 2% to INR 4,022. The automobile maker is the best placed in the industry to benefit from increased demand, the global brokerage was reported by NDTV Profit as saying. The brokerage expects "scooterisation" and premiumisation to be key growth drivers in the two-wheeler market. The company is expected to continue delivering growth and improved market share and margins, it added.

 

"Growth momentum is likely to be in double digits across both domestic and export markets," Nuvama Wealth Management said in its report. The company's domestic market share is expected to rise to 19% in 2027-28 (Apr-Mar) from 18% in FY25. "...we forecast margin expansion ahead due to better scale/mix, higher PLI benefits and cost savings," the brokerage added. It kept a 'buy' rating on the stock with a target price of INR 4,100.  (Akash Mandal)

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Equity Alert: Most Asian mkts up on trade-related optimism, Fed rate cut hope

 

MUMBAI--0805 IST--Most Asian stock markets tracked the gains in the US and rose Wednesday amid hopes of a US-China trade deal and on optimism about a rate cut by the US Federal Reserve later in the day. The MSCI Asia-Pacific index, excluding Japan, was up 0.6%. Equity markets in South Korea, Japan, and Taiwan reached their new all-time highs and were the top three gainers in Asia.

 

Japan's Nikkei 225 hit a fresh record high of 51301.55 points and was up 2% to become the top gainer amid optimism about trade ties between the country and the US. This came after US President Donald Trump and the newly elected Japanese Prime Minister Sanae Takaichi signed a new rare earths framework Tuesday. 

 

South Korea's Kospi was up 1.6%, supported by strong earnings and a bullish outlook from Nvidia chip supplier SK Hynix. Shares of Nvidia had closed sharply higher in the US after the company said it would build seven supercomputers for the US Department of Energy. Taiwan's Taiex was almost 1% higher, and China's CSI 300 up 0.3%. On the other hand, Australia's S&P/ASX 200 was down 0.7% and was the worst hit in the Asia-Pacific region. Hong Kong's Hang Seng index was 0.3% lower, snapping a three-day winning run. FTSE Singapore ended a six-day gaining run and was down 0.3%. 

 

Investors now wait for the US Federal Reserve's monetary policy outcome Wednesday and markets are likely to have priced in the possibility of a 25-basis-point rate cut. Along with the interest rate decision, markets will be watching whether the apex bank will halt its long-running effort to shrink its balance sheet, known as quantitative tightening, Reuters reported. 

 

Following were the levels of key Asian indices at 0805 IST:

 

Index	Level	Change in %
CSI 300 Index	4705.7217	0.28
Hang Seng Index	26346.14	(-)0.33
Nikkei 225 Day	51249.82	2.05
TOPIX FIRST SECTION	3286.68	0.03
KOSPI	4070.78	1.42
FTSE Singapore Strait Times	4435.43	(-)0.34
S&P/ASX 200 Index	8946.5	(-)0.73

 

(Anjana Therese Antony)

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Equity Alert: Indices may consolidate further; US FOMC policy decision eyed

 

MUMBAI--0802 IST--Benchmark indices are likely to consolidate further Wednesday after strong gains so far in October and due to a lack of fresh triggers for further gains. Some choppiness is expected, as seen in Tuesday's session, and the Nifty 50's rise over the psychologically crucial 26000 level may not be a smooth one, technical analysts said. 

 

The sentiment, however, still remains positive as long as the 50-stock index stays above the 25650-25700 levels, despite a pause in the rally seen in the past couple of weeks, analysts said. The November contract of the GIFT Nifty indicated a flat to slightly higher start for the market. At 0757 IST, the contract was at 26165 points, up 39 points. On Tuesday, the Nifty 50 had ended at 25936.20 points, down 29.85 points or 0.1%. The BSE Sensex closed at 84628.16 points, down 150.68 points or 0.2%.

 

Overnight, indices in the US hit fresh highs, powered by a 5% surge in Nvidia after the company said it will build artificial intelligence supercomputers for the US energy department. Investors now await the decision of the US Federal Reserve's policy meeting due later in the day, with markets expecting a 25-basis-point interest rate cut. Meanwhile, Asian indices were mixed in early trade Wednesday. Japan's Nikkei 225 and South Korea's Kospi hit record highs in early trade.  (Akash Mandal)

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Equity Alert: US mkt hits record high again Tue on trade optimism, earnings

 

MUMBAI--0741 IST--The US stock market hit fresh all-time closing highs for the second session in a row Tuesday amid optimism about a trade deal between the US and China and ahead of the earnings of major information technology players this week. There is hope that the US Federal Reserve will reduce key rates at the outcome of its two-day monetary policy meeting, due later in the day. 

 

Trade tensions between China and the US appear to have eased and the two countries are expected to sign a trade deal Thursday. "The market is seeing President Trump re-engaging with the rest of the world again (i.e., China and Japan), and this is a good thing, insofar as it may temper his desire for more tariffs," said Thierry Wizman, global FX and rates strategist at Macquarie Group, CNBC-TV18 reported. However, expensive valuations and shutdown of the US government remain key risks for a market that is at a record high, as per the news report. 

 

The tech-heavy Nasdaq Composite index was the top gainer among the three headline indices, while the S&P and Dow Jones Industries Average closed 0.2-0.3% higher. Earnings of Alphabet, Meta Platforms and Microsoft are scheduled to be released after US market hours Wednesday and Apple and Amazon will detail their results Thursday, CNBC-TV18 reported. 

 

All eyes will be on the US central bank as it is widely expected to cut interest rates by 25 basis points to 3.75-4.00%. Investors will closely watch for Chairperson Jerome Powell's comments about the future rate trajectory, economic strength, and inflation. 

 

Shares of Nvidia closed 5% higher after the company said it would build seven supercomputers for the US Department of Energy. The company has $500 billion in bookings for its artificial intelligence chips, it said. The stock added over $230 billion in market value, taking the company on the verge of becoming the first entity worth $5 trillion, Reuters reported.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	6890.89	0.23
NASDAQ Composite	23827.493	0.8
Dow Jones Industrial Average	47706.37	0.34

 

(Anjana Therese Antony)

 

End

 

US$1 = INR 88.30

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

 

Edited by Tanima Banerjee

 

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