Equity Alert
European indices down despite positive cues from global mkts
This story was originally published at 14:47 IST on 6 November 2025
Register to read our real-time news.Informist, Thursday, Nov. 6, 2025 Tel +91 (22) 6985-4000
Equity Alert: European indices down despite positive cues from global mkts
MUMBAI--1420 IST--European indices opened lower Thursday, shrugging off positive cues from global markets. Investors are waiting for earnings from major companies in the European region, which will likely make trading stock-specific. France's CAC 40 index, down 0.6%, was the biggest loser among the pack.
Germany's DAX Performance index was down 0.4%, extending the fall from the previous session. Germany's industrial output rose 1.3% in September on a month on month basis, according to data released by Germany's statistics agency Destatis on Thursday. Economists polled by The Wall Street Journal expected a larger uptick of 2.5%. The country's manufacturing output in September rose 1.9% on month.
UK's FTSE 100 index was flat ahead of Bank of England's interest rate announcement later in the day. Bank of England is set to make its last interest rate decision before the Autumn Budget later this month, with economists saying that although the central bank is more likely to hold rates steady, it's not a given, CNBC reported.
Among the other indices, Italy's FTSE MIB index fell 0.5% and snapped a three-day winning session. The broader EURO STOXX 50 index was down 0.4%.
Following were the levels of major European indices at 1422 IST:
|
Index |
Level |
Change in % |
|
FTSE 100 Index |
9777.79 | 0.01 |
|
CAC 40 |
8023.82 | (-)0.62 |
|
MIB INDEX |
43208.93 | (-)0.53 |
|
DAX PERFORMANCE-INDEX |
23954.16 | (-)0.4 |
|
SLI |
2013.78 | (-)0.44 |
(P. Madhu Kumar)
Equity Alert: Asian indices end higher Thu on gains in tech stocks
MUMBAI--1355 IST--Asian equity indices ended higher Thursday, recovering from losses incurred in the previous trading session. The gains were driven by factors such as better-than-expected US jobs data, a rise in technology stocks, and the ongoing hearing by the US Supreme Court on the legality of reciprocal tariffs by the US administration.
Japan's benchmark index Nikkei 225 index closed over 1.3% higher, supported by gains in technology stocks. Chipmaker Disco Corp. was up nearly 5%. Advantest and Renesas Electronics gained around 4?ch.
South Korea's Kospi index rose 0.6%, snapping a two-day losing streak. Shares of Nvidia-supplier SK Hynix were up over 3%. The small-cap Kosdaq reversed course, down 0.5%. The country's current account surplus in September was $13.47 billion, sharply higher than $9.15 billion in August, Dow Jones Newswires reported.
China's CSI 300 index rose over 1%, up for the second consecutive session. Hong Kong's Hang Seng index rose over 2% and the index was among the biggest gainers among its Asian peers.
Among other gainers, Singapore's FTSE Singapore Straits Times was up over 1%. Taiwan's TAIEX rose over 1?ter falling in the last two sessions. Australia's S&P/ASX 200 index rose 0.3%.
Following were the levels of key Asian indices at 1353 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4693.40 |
1.43 |
|
Hang Seng Index |
26485.9 |
2.12 |
|
Nikkei 225 Day |
50883.68 |
1.34 |
|
TOPIX FIRST SECTION |
3313.45 |
1.38 |
|
KOSPI |
4026.45 |
0.55 |
|
FTSE Singapore Straits Times |
4474.52 |
1.3 |
|
S&P/ASX 200 Index |
8828.3 |
0.3 |
(P. Madhu Kumar)
Equity Alert: LIC dn before results; Motilal Oswal sees Q2 PAT up 6% on year
MUMBAI--1354 IST--Shares of Life Insurance Corp. of India fell almost 2% to INR 892.25 ahead of the company's quarterly earnings on Thursday. The stock has fallen nearly 1.2% since the company's June quarter earnings. More than 857,000 shares of the company changed hands on the National Stock Exchange so far Thursday, sharply lower than nearly 2 million shares traded during the same period Tuesday. The equity market was shut Wednesday on account of Guru Nanak Jayanti. At 1345 IST, the stock was over 1% lower at INR 895.20 on the NSE.
LIC is expected to post a rise of over 6% in net profit at INR 80.88 billion for the September quarter, according to estimates by Motilal Oswal Financial Services Ltd. However, it is expected to fall over 26% sequentially. The company had reported a net profit of INR 76.81 billion in the year-ago quarter. This was the only pre-earnings research report on the company's net profit estimates available with Informist. The brokerage firm expects the state-owned insurance company to report a 7% on-year fall in its operating profit at INR 27.38 in the September quarter.
Motilal Oswal sees the life insurer's net premium income rise nearly 8% on year to INR 1.3 trillion. Net premium earned in the June quarter had risen almost 5% on year to INR 1.20 trillion and net investment income in the policyholders' account had increased 7% on year to INR 1.029 trillion. All seven broking firms whose reports about LIC are available with Informist have a 'buy' recommendation with an average target price of INR 1,127. (Vaishali Tyagi)
Equity Alert: NHPC dn before Q2 results; PAT seen INR 10.9 bln-INR 13.6 bln
MUMBAI--1134 IST--Shares of NHPC fell nearly 3% to an intraday low of INR 81.85 ahead of the company's Jul-Sept earnings Thursday. More than 7 million shares of the company changed hands on the National Stock Exchange so far Thursday, sharply higher than the 3 million shares traded during the same period Tuesday. At 1120 IST, shares of the company were at INR 82.20 on the NSE, down over 2%. The stock has fallen over 3% since the company's June quarter results.
JM Financial Institutional Securities Pvt. Ltd. and Kotak Institutional Securities estimate the state-owned hydropower major's net profit for the September quarter at INR 10.88 billion and INR 13.58 billion, respectively. These were the only estimates for the company's net profit available with Informist. NHPC had reported a net profit of INR 8.98 billion in the year-ago quarter.
NHPC's growth will be supported by an early monsoon and incremental output from the commissioning of its Parbati-II hydroelectric power project, according to JM Financial. It is an 800-megawatt run-of-the-river project on the Parbati river in Kullu district, Himachal Pradesh. The company is the largest hydropower developer in the country and has expanded its renewable portfolio to solar and wind projects.
The company's revenue for the September quarter is estimated at INR 36.27 billion by JM Financial and at INR 31.65 billion by Kotak Securities. The revenue growth will be on the back of improved power generation, analysts at Kotak Securities said. The company had reported revenue of INR 25.51 billion in the year-ago quarter.
Analysts will watch out for the management's commentary on the outlook for power demand and updates on projects. Of the five research reports on the company available with Informist, three have a 'buy' recommendation with an average target price of INR 112 and two have 'sell' call with an average target price of INR 73. (Taniva Singha Roy)
Equity Alert: Orkla India lists at INR 751.50, 3% premium to issue price
MUMBAI--1055 IST--Orkla India listed on BSE Thursday at INR 751.50, a premium of nearly 3% to the issue price of INR 730. The stock came off highs and, at 1048 IST, was down nearly 5% at INR 696.05. Over 1 million shares of the company changed hands on BSE.
The initial public offering of the company, which ended Friday, was subscribed around 50 times, with bids placed for 779.66 million shares against 16 million shares on offer. The company had raised nearly INR 5 billion from anchor investors at INR 730 per share. The initial public offering comprises only an offer-for-sale of up to 22.84 million shares.
Orkla India is a multi-category food company that offers products across segments, including snacks, beverages, and spices. The company reported a consolidated net profit of INR 789.2 million for the June quarter on revenue of INR 5.97 billion. (P. Madhu Kumar)
Equity Alert: Asian Paints at 1-year high on host of positive developments
MUMBAI--1020 IST--Shares of Asian Paints surged 6% to one-year high of INR 2,631 due to a host of positive developments over the past couple of days. At 1018 IST, the stock traded 5% higher at INR 2,612.10 and was by far the top gainer in the Nifty 500.
Reports said that the stock will see an increase in its weightage on the MSCI Standard index, which is expected to trigger foreign inflows. The stock will likely see inflows to the tune of $95 million due to the increased weightage, CNBC-TV18 reported Nuvama Alternative & Quantitative Research as saying.
The stock will also be buoyed after competitor Birla Opus Paints' Chief Executive Officer Rakshit Hargave resigned from his post effective Wednesday and will join Britannia Industries. The company said it remains committed to turn Birla Opus operations profitable. Lower crude oil prices are also positive for paint companies. Crude prices have fallen to a two-week low due to fears of oversupply due to increased production.
At 1018 IST, 2.3 million shares of the company were traded on the NSE, sharply higher than the 62,889 shares traded till the same time Tuesday. (Akash Mandal)
Equity Alert: Indices rise after muted open, Hindalco Industries declines 6%
MUMBAI--0942 IST--Benchmark indices were higher in early trade after a muted open. Gains in the Nifty 50 index were led by heavyweights Reliance Industries, State Bank of India, and Infosys, which rose around 1?ch. Asian Paints rose nearly over 4% after reports said the MSCI Standard index is going to increase the company's weightage in its index.
At 0938 IST, the Nifty 50 was up 0.1% at 25615.35 points and the BSE Sensex rose 0.2% higher at 83605.30 points. Hindalco Industries declined around 6?ter the management of the company said that the fire incident at the company's US-based subsidiary Novelis Inc.'s Oswego aluminium factory on Sept. 16 will have a short-term negative impact on the company's operating profit, starting from the December quarter. Grasim Industries fell nearly 4?spite the company reporting a higher-than-expected September quarter results.
Shares of Britannia Industries gained nearly 4?ter the company's top line and bottom line surpassed analysts' expectations for Jul-Sept. Astral rose nearly 4?ter the company's September quarter revenue exceeded Street expectations. Both stocks were among the top gainers on the Nifty 200 index.
Sectoral indices were mixed, with the Nifty Auto emerging as the biggest gainer after rising nearly 1%. Nifty PSU Bank and Nifty Oil & Gas indices gained 0.4?ch. Nifty Media was the worst performer among the pack and fell nearly 1%. Nifty Metal and Nifty Financial Services lost 0.7% and 0.4%, respectively.
CCL Products India rose over 11?ter the company's consolidated net profit for the September quarter jumped sharply on a year-on-year basis. Redington was up nearly 11% and was among the biggest gainers on the Nifty 500 index after the company posted robust earnings growth for the September quarter. BEML fell over 7?ter the company reported a marginal on-year fall in its sales for the reporting quarter. (P. Madhu Kumar)
Equity Alert: Hindalco plunges 6%; arm Novelis to drag down profit in H2FY26
MUMBAI--0941 IST— Shares of Hindalco Industries plunged over 6% to an intraday low of INR 778.10 after the company said that the fire at US-subsidiary Novelis' Oswego aluminium factory will have a short-term negative impact on the company's operating profit starting from the December quarter. At 0939 IST, the stock traded 5% lower at INR 789.70 and was the worst hit in the Nifty 50.
"...the fire accident at the Oswego plant is expected to result in a volume impact of 75 killo tonnes, leading to a negative EBITDA impact of $100-150 million in H2FY26 (Oct-Mar) with the cash flow impact is projected at $550- 650 million in H2FY26," ICICI Direct Research said in its report. "Moreover, the capex for the Bay Minette project has increased to $5 billion (from $4.1 billion earlier), with the IRR (internal rate of return) now expected to be in the high single digits (compared to the earlier double-digit estimate)...as a result, lower operating performance and higher capex intensity are likely to keep its leverage ratio elevated," the brokerage said.
"We therefore expect the underperformance at Novelis operations to continue, with the recovery to $500/tonne EBITDA taking longer than expected...on that note, we remain cautiously optimistic on Hindalco, considering that Novelis accounts for ~60% of consolidated revenue and ~56% of EBITDA," ICICI Direct said.
At 0939 IST, 8.8 million shares of the company were traded on the NSE, sharply higher than the 323,759 shares traded till the same time Tuesday. (Akash Mandal)
Equity Alert: Nomura ups Bharti Airtel target price 23% on robust growth view
MUMBAI--0820 IST--Global brokerage Nomura raised its target price for Bharti Airtel by 23% to INR 2,280 from INR 1,850 due to increased estimates for the company's India wireless and homes businesses. It also maintained its 'buy' rating on the stock. On Tuesday, the stock had closed nearly 2% higher at INR 2,113.30 after reporting its September quarter earnings.
"We raise EBITDA (earnings before interest, tax, depreciation and amortisation) by 10%/6% as we consolidate Indus Tower and fine tune our ARPU (average revenue per user) and subscriber estimates," Nomura said in its report. "For India wireless, we cut FY26/27 ARPU by 3%/6% to INR260/INR285, factoring in 11%/10% growth...Bharti's FY26 EBITDA has 2% sensitivity to every INR 10 change in ARPU at current EBITDA margins," the brokerage said. The broking firm raised its target price on the stock due to "higher target EV/ EBITDA multiple of 12x vs 11x earlier for the India wireless and homes businesses."
The brokerage forecasts the company's consolidated EBITDA to grow at a 14% compounded annual growth rate over 2025-26 (Apr-Mar) and FY28 due to healthy average revenue per user and moderate subscriber growth, along with gradual margin expansion for the wireless business. The brokerage also sees healthy subscribers growth in the homes business and expects the segment to see strong growth over the next 4-5 years with the potential for tariff increase beyond the "land grab" period. (Akash Mandal)
Equity Alert: Indices may fall a bit more after strong gains last month
MUMBAI--0820 IST--Benchmark equity indices may fall some more but are likely to rebound in the near term after the ongoing "corrective phase", post robust gains in October. The Nifty 50 may test 25500-25450 levels in the near term, analysts said.
"This consistent weakness (over the past few sessions) reflects increasing caution among market participants...the confirmed double-top breakdown has further deteriorated the technical structure, opening the door for a potential extension of the corrective phase," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note.
"From a technical standpoint, the (Nifty 50) index appears to be in a bearish-to-range-bound setup as long as it fails to sustain above the swing high of 26100...unless the index decisively reclaims the 25800–25900 zone, short sellers are likely to dominate, using any rebound to initiate fresh positions," Dhameja added.
On Tuesday, the Nifty 50 had ended at 25597.65 points, down 165.70 points or 0.6%. The Sensex had closed at 83459.15 points, down 519.34 points or 0.6%. The market was closed on Wednesday on account of Guru Nanak Jayanti.
Overnight, indices in the US ended higher buoyed by hopes of the rollback of some of President Donald Trump's tariffs and higher-than-expected private payrolls data for October. Indices in Asia were also higher Thursday, with Japanese indices leading gains.
Apollo Hospitals Enterprise, ABB India, Mankind Pharma, Godrej Properties, Lupin, Cholamandalam Investment and Finance Co., Life Insurance Corp. of India, Bajaj Housing Finance, UPL, Zydus Lifesciences, NHPC, and Cummins India are scheduled to report their quarterly numbers Thursday. (Akash Mandal)
Equity Alert: Asia indices rise tracking gains in US market, tech stocks up
MUMBAI--0815 IST--Asian equity indices rose Thursday due to positive cues from the US market, which gained on higher-than-expected payroll data in the US and a rise in technology stocks. Asian indices shrugged off losses incurred on Wednesday and traded near record highs in early trade Thursday.
The US added 42,000 jobs to private payrolls in October, according to the ADP National Employment Report released Wednesday morning. Economists polled by The Wall Street Journal had expected a lower increase of 22,000 jobs, according to Dow Jones News Wires.
Japan's Nikkei 225 index was among the top gainers in the Asian market, rising over 1%. Shares of SoftBank rose 1.5% recovering from steep losses incurred during Wednesday's session, when it fell 10%, according to a report by CNBC. Artificial intelligence-related companies were trading higher, with Advantest, which supplies testing equipment to Nvidia, rising nearly 4%. Chip equipment maker Disco Corp gained nearly 5%. The broader Topix First Section gained nearly 1%.
Among other top gainers in the Asia-Pacific region, China's CSI 300 index was up over 1% and the SSE Composite index rose nearly 1%. Hong Kong's Hang Seng index was the biggest gainer, rising 1.4% in early trade. Indonesia's IDX Compsite moved between gains and losses.
Investors will keep an eye out on the outcome of the US Supreme Court's hearing on the legality of Washington's reciprocal tariffs imposed on various countries.
Following were the levels of key Asian indices at 0810 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4690.2284 | 1.36 |
|
Hang Seng Index |
26308.82 | 1.44 |
|
Nikkei 225 Day |
50768.89 | 1.11 |
|
TOPIX FIRST SECTION |
3302.79 | 1.06 |
|
KOSPI |
4030.71 | 0.66 |
|
FTSE Singapore Strait Times |
4460.25 | 0.98 |
|
S&P/ASX 200 Index |
8821.4 | 0.22 |
(P. Madhu Kumar)
Equity Alert: US indices end higher on hope of rollback of some tariffs
MUMBAI--0735 IST--US equity indices ended higher Wednesday after US Supreme Court judges grilled the US administration on President Donald Trump's reciprocal tariffs, raising hope that some of the levies might be rolled back. Additionally, ADP's national employment report showed private payrolls in the US rebounding in October and rising by 42,000, lifting sentiment.
The US apex court focussed its questions on the legality of reciprocal tariffs imposed by the administration on imports from several countries, under the International Emergency Economic Powers Act, CNBC reported. "We continue to see this sort of debate on ...how effective they are, I don't know we're going to know the tariff effect, the resolution of it and the price effect of it until the first quarter of next year, so that adds to this kind of disillusionment," Phil Blancato, chief market strategist at Osaic, was quoted by CNBC as saying.
The S&P 500 index Wednesday closed 0.4% higher, after falling in the previous session. The Nasdaq Composite index was up 0.7% and the Dow Jones Industrial average index gained 0.5%.
Among US companies that reported robust third quarter earnings, AMD posted higher-than-expected earnings for the September quarter, after which the stock ended over 2% higher. Among other technology stocks, Broadcom and Micron Technology ended 2% and 9% higher, respectively.
Following are the closing levels of US indices overnight:
|
INDEX |
LAST LEVEL |
CHANGE IN % |
|
Dow Jones Industrial Average |
47311 |
0.48 |
|
Nasdaq Composite |
23499.8 |
0.65 |
|
S&P 500 |
6796.29 |
0.37 |
(P. Madhu Kumar)
End
US$1 = INR 88.63
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Ashish Shirke
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:
