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Informist, Thursday, Oct. 30, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Mkt may consolidate post higher open; 26100 hurdle for Nifty 50

MUMBAI--0815 IST--Benchmark indices may open a tad higher Thursday but are likely to consolidate a bit in the coming sessions. The 26100 level will be the next crucial hurdle for the Nifty 50. If the index manages to surpass this hurdle, there might be further gains in the market and benchmark indices may move towards new all-time highs, technical analysts said.

"Technically, the (Nifty 50) index has built a robust foundation above the critical 25700 mark...sustaining above the 10-day and 20-day exponential moving averages further reinforces the ongoing bullish undertone," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note. "Every minor dip continues to attract renewed buying interest, highlighting steady accumulation by investors...the 25750–25800 region remains a key "buy-on-dips" pocket," Dhameja added.

The November contract of the GIFT Nifty indicates a positive start for the Nifty 50. At 0747 IST, the contract was at 26190.50 points, up 56.50 points from its previous close. On Wednesday, the Nifty 50 closed at 26053.90 points, up 117.70 points or 0.5%, closing above the psychologically crucial level of 26000 points for the first time since Sept. 27, 2024. The BSE Sensex closed at 84997.14 points, up 368.97 points or 0.4%.

Overnight, indices in the US ended mixed despite a 25-basis-point rate cut by the US Federal Reserve after Fed Chair Jerome Powell said another rate cut in December was far from assured. The rate cut, however, is unlikely to have a significant impact on the Indian market, analysts said. The Nasdaq notched another record high, buoyed by Nvidia's 3% rise to become the first company to attain market capitalisation of $5 trillion. Asian indices were mixed in early trade.  (Akash Mandal)

Equity Alert:US indices mixed Wed; Fed says rate cut in Dec far from assured

MUMBAI--0805 IST--Headline indices in the US ended on a mixed note Wednesday after the US Federal Reserve said another interest rate cut in December is far from assured. The US apex bank reduced interest rates by 25 basis points for the second straight time to 3.75-4.00%, in line with expectations. The US Federal Open Market Committee said economic activity had been expanding at a moderate pace, while job gains had slowed. 

The three benchmark indices – Dow Jones Industrial Average, S&P 500, and Nasdaq Composite – reached new intra-day record highs. The tech-heavy Nasdaq Composite gained the most among the three indices, led by heavyweight Nvidia which crossed the market capitalisation of $5 trillion. "The rate cut was expected. Powell's (Fed Chair Jerome Powell) remarks took some shine off the market," said Michael Rosen, chief investment officer at Angeles Investments in Santa Monica, California, CNBC-TV18 reported. 

Shares of of Meta Platforms fell more than 8%. Meta reported a $16-billion one-time charge that axed its profits and the company said its capital expenditure would be "notably larger" next year compared to 2025, media reports said. Google parent Alphabet's shares were up 6% after the company reported strong earnings. 

Investors now await further updates about the trade discussions between the US and China. US President Donald Trump had Wednesday said he is going to sign a deal with his Chinese counterpart Xi Jinping.

Following are the closing levels of US indices Wednesday:

(Anjana Therese Antony)

End

US$1 = INR 88.20

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

Edited by Nishant Maher

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