Equity Alert
Indices likely to fall Fri but overall view remains positive
This story was originally published at 08:18 IST on 31 October 2025
Register to read our real-time news.Informist, Friday, Oct. 31, 2025 Tel +91 (22) 6985-4000
Equity Alert: Indices likely to fall Fri but overall view remains positive
MUMBAI--0804 IST--Benchmark indices may fall more on Friday but the overall view remains positive as the market is seen rallying in the near term, analysts said. On Friday, the Nifty 50 is likely to move in a range of 25700-26000 and may face a strong resistance at 26000-26100 levels.
The 50-stock index may fall to the 25700 level during the day before rallying again and heading towards its all-time high of 26277.35 points, Kunal Shah, senior derivatives analyst at Mirae Asset Sharekhan, said in a note. Shah expects the index to reach a record high as early as next week.
"...as long as the market (Nifty 50) is trading below 26000, the weak sentiment is likely to continue on the downside, with the market potentially slipping to 25800," Shrikant Chouhan, head of equity research at Kotak Securities, said in a note. On Thursday, the Nifty 50 ended at 25877.85 points, down 176.05 points or 0.7%. The BSE Sensex closed at 84404.46 points, down 592.67 points or 0.7%.
Overnight, indices in the US ended lower as Meta and Microsoft shares plunged due to worries over surging artificial intelligence spending. Meta plumetted 11%, Reuters reported. Microsoft fell 3?ter the company reported a record capital expenditure of nearly $35 billion for the quarter and and warned that spending would rise this year. Asian indices were mixed in early trade Friday, with the Japanese market hitting a record high. (Akash Mandal)
Equity Alert: US mkt ends down Thu; tech stocks fall on AI spend worries
MUMBAI--0800 IST--The US stock market closed slightly lower Thursday, dragged down by losses in heavyweight information technology stocks amid concerns about spending on artificial intelligence projects. Investors are also keeping a close watch on the ongoing earnings season and lack of data from the US government due to its shudown. However, worries related to trade and tariffs eased after US President Donald Trump signed a one-year trade truce with his Chinese counterpart Xi Jinping in South Korea Thursday.
Effective immediately, Trump agreed to cut tariffs on China tied to fentanyl by 10%, reducing levies on Chinese imports to the US to around 47%. China agreed for a one-year pause on the rare earth magnets export controls it had announced earlier this month, CNBC-TV18 reported.
"We're in this period where the government is shut down... so we really have to look at these earnings and see how are companies faring, how are their consumers faring," Courtney Garcia, senior wealth advisor at Payne Capital Management, told CNBC-TV18 Thursday. "The fact that we're continuing to see this all come out positive, I think this is a generally good sign for the economy moving forward."
The three benchmark US indices – Dow Jones Industrial Average, S&P 500, and Nasdaq Composite – closed lower by 0.2-1.6%. These indices had hit record highs Wednesday. Major IT stocks such as Meta, Microsoft, and Nvidia fell 2-11% amid concerns about spending on AI. On the other hand, shares of Apple rose more than 3?ter the company reported strong earnings for the latest quarter. Netflix rose over 3?ter it announed a stock split of 10 shares for each share.
Following are the closing levels of US indices Thursday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6822.34 |
(-)0.99 |
|
NASDAQ Composite |
23581.144 |
(-)1.57 |
|
Dow Jones Industrial Average |
47522.12 |
(-)0.23 |
(Anjana Therese Antony)
End
US$1 = INR 88.69
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Vandana Hingorani
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
