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Informist, Monday, Nov. 10, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Mkt may start week tad up but near-term direction still hazy

 

MUMBAI--0807 IST--Benchmark indices are expected to be flat to slightly higher Monday and are largely to stay likely range-bound during the week amid lack of fresh triggers. However, a correction of nearly 1% last week may provide a good window for buying, some analysts said. The Nifty 50 is expected to move in a range of 25300-25800 points this week. 

 

"From a technical standpoint, Nifty 50 continues to oscillate within a narrow range between its 20-day exponential moving average at 25589 and 50-DEMA at 25329...as long as the index remains confined within this zone, directional clarity is likely to stay elusive," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note.

 

The November contract of the GIFT Nifty indicates a flat to slightly higher start to the week for the market. At 0803 IST, the contract was up 85 points at 25622 points. On Friday, the Nifty 50 ended at 25492.30 points, down 17.40 points or 0.1%. The BSE Sensex closed at 83216.28 points, down 94.73 points or 0.1%.

 

On Friday, indices in the US ended mixed with the Nasdaq Composite registering its biggest weekly percentage drop since early April on concerns regarding sustainability of the artificial intelligence boom seen in recent times. All three indices were sharply lower for most of Friday but made up most of the fall late in the session following reports of progress on the impasse in the US Congress, which has resulted in the longest federal government shutdown in US history, Reuters reported. Most Asian indices were higher in early trade Monday, with South Korea's Kospi up over 2%.  (Akash Mandal)

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Equity Alert: Most US mkts end tad up Fri, losses in tech stocks cap gains

 

MUMBAI--0735 IST--Most US equity indices ended slightly higher Friday, even though the gains were capped due to extended losses in the technology stocks and also as more economic data of the country worried investors of a slowdown in the economy. Among major indices, the NASDAQ Composite index ended marginally lower Friday. 

 

The monthly index of consumer sentiment posted a reading of 50.3 for November, indicating a decline of 6.2% from the previous month and about 30% from a year ago, according to the University of Michigan survey. Economists surveyed by Dow Jones had expected the index at 53.0 after October's 53.6, CNBC reported. 

 

Late Friday, Senate Minority Leader Chuck Schumer offered up a new plan to Republicans that is likely to end the record-breaking US government shutdown. Under the proposal, short-term funding would be provided for the federal government operations in exchange for a one-year extension of enhanced Affordable Care Act tax credits, according to media reports.

 

Among major technology stocks, Advanced Micro Devices fell nearly 9% for the week ended Friday, Broadcom lost more than 5% this week. On Friday, artificial intelligence player Oracle fell almost 2%.

 

The S&P 500 index ended marginally higher and the Dow Jones Industrial Average ended 0.2% higher. The Dow Jones Transportation Average was among the biggest gainers, rising nearly 2%. 

 

Following are the closing levels of US indices Friday: 

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	46987.1	0.16
Nasdaq Composite	23004.54	(-)0.21
S&P 500	6728.8	0.13

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.66

 

Edited by Nishant Maher

 

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