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EquityWireEquity Alert: Market may rise but stay volatile till Nifty 50 crosses 25800
Equity Alert

Market may rise but stay volatile till Nifty 50 crosses 25800

This story was originally published at 17:20 IST on 11 November 2025
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Informist, Tuesday, Nov. 11, 2025                                      Tel +91 (22) 6985-4000


Equity Alert: Market may rise but stay volatile till Nifty 50 crosses 25800

 

MUMBAI--1716 IST--Benchmark indices are expected to rise but analysts suggested the undertone of the market is still volatile as the Nifty 50 index could not break out of the 25800 resistance. On the fundamental front, positive cues from global markets and US President Donald Trump's comments on a potential trade deal with India are likely to boost investor sentiment during Wednesday's trading session. 

 

The Nifty 50 index is likely to find support around 25546 points Wednesday and the near-term view for the market is bullish, said Ganesh Angaj, technical head at NVS Brokerage. Strong gains are likely in information technology stocks and automobile stocks Wednesday, Angaj added. Tuesday, the Nifty 50 index ended 0.5% higher at 25694.95 points and the BSE Sensex index closed 0.4% higher at 83871.32 points.

 

"From here on, the resistance zone is situated between 25750 and 25800 and a decisive breakout above this level is likely to catalyze increased momentum and further upward movement in the market in the subsequent sessions," said Rajesh Bhosale, equity technical analyst, Angel One, in a note. The broader market outlook remains optimistic, warranting a "buy on dips" strategy for the traders, according to the Bhosale.(P. Madhu Kumar)


 

Equity Alert: Nifty 50 Nov ends at 136.85-point premium to spot index

 

MUMBAI--1714 IST--The November futures contract of the Nifty 50 closed at a premium of 136.85 points to the spot index Tuesday. Open interest in the contract rose 0.7% to 18.66 million, according to provisional data. 

 

--Nifty 50 closed at 25694.95 points, up 120.60 points or 0.5% vs Mon

--Nifty 50 November closed at 25831.80 points, up 137.30 points or 0.5% vs Mon

 

Nifty 50 options, expiring Nov. 18, with maximum change in open interest:

Call: 26500, Put: 24500

 

Nifty 50 options, expiring Nov 18, with maximum open interest:

Call: 27000, Put: 25000

 

(Anjana Therese Antony)


Equity Alert: Indices end higher on gain in information technology, auto cos

 

MUMBAI--1535 IST--Benchmark indices ended higher Tuesday, recovering from losses mid-session. Information technology and some automobile stocks led the gains in the Nifty 50 index. Interglobe Aviation gained over 3% and it was the biggest gainer among Nifty 50 stocks. Bharat Electronics ended over 2% higher. 

 

The rise in the market also came as US President Donald Trump said Monday that Washington was getting close to reaching a deal with India that would expand economic and security ties between the two countries, boost US energy exports and promote investments in key US sectors. 

 

The Nifty 50 ended 0.5% higher at 25694.95 points and the BSE Sensex index closed 0.4% higher at 83871.32 points. Bajaj Finance declined over 7% and was the worst-hit stock in the Nifty 50. Some brokerages raised concern related to elevated credit costs, cut in guidance, and stress in some sections of the company's loan book. Bajaj Finserv declined 6% snapping the two-day winning run. 

 

Vodafone Idea rose over 7% and it emerged as the biggest gainer in the Nifty 200 index. The company expects the issue of adjusted gross revenue dues to be resolved soon, the management said in its post-earnings conference call. Bharat Forge jumped 5.6?ter the company's top line for the September quarter surpassed anaylsts' expectations, however, the bottom line failed to beat street's view. 

 

Nifty IT ended in green for the second straight session rising over 1%, followed by Nifty Auto, which gained 1%. Both indices were the top gainers among sectoral indices. Nifty PSU Bank and Nifty Realty declined 0.4% and 0.2% respectively. Broader market indices were mixed, with Nifty Midcap 150 as the biggest gainer, up 0.6%.  (P. Madhu Kumar)


Equity Alert: European indices open higher, tracking strong cues in US mkts

 

 

MUMBAI--1408 IST--European indices opened higher Tuesday, tracking gains in the US markets as an end to the record-breaking US government shutdown is in sight. France's CAC 40 index rose nearly 2% and emerged as the top gainer in the European region. 

 

UK's benchmark FTSE 100 index gained a little over 1%. This came despite the country's unemployment rate increasing to 5.0% in the three months to September, from 4.8% in Jun-Aug, the UK's Office for National Statistics said Tuesday. The figure for September was higher than the 4.9% joblessness rate estimated by economists polled by The Wall Street Journal, according to Dow Jones Newswires. 

 

Germany's DAX Performance index was marginally higher in early trade. Among the stocks in the region, Redcare Pharmacy was the biggest performer, jumping nearly 9%, and Fraport gained nearly 8%. TAG Immobilien increased 3%.

 

Among other indices in the European market, Italy's FTSE MIB index was up for the second straight session, rising 0.6%. The pan-European EURO STOXX 50 was up 0.5%. 

 

Following were the levels of major European indices at 1408 IST:

 

Index

Level

Change in %

FTSE 100 Index

9894.13 1.09

CAC 40

8100.04 1.88

MIB INDEX

44101.16 0.47

DAX PERFORMANCE-INDEX

24001.52 0.17

SLI

2043.93 0.69

 

(P. Madhu Kumar)


 

Equity Alert: CE Info Systems down as Q2 PAT slumps 60% QoQ, revenue dn 6.4%

 

MUMBAI--1404 IST--Shares of CE Info Systems fell 7% Tuesday to an over one-month low of INR 1,702. The stock fell following the company's gloomy results for the September quarter. The stock is down after rising in the two previous sessions. At 1355 IST, shares of the company traded 4.7% lower at INR 1,740. The stock was among the worst performers in the Nifty 500 index. 

 

The company's net profit for the quarter slumped 60% on quarter to INR 185.10 million and its revenue from operations fell 6.4% sequentially to INR 1.14 billion. On a year-on-year basis, the bottom line fell 39%, while revenue rose almost 10%. The company's other income fell to INR 104.5 million from INR 136.7 million a quarter ago.

 

In addition, the company's total expenditure, including finance costs, rose 28% to INR 940 million during the reporting quarter. However, its finance costs halved on quarter to INR 4.1 million. The company's tax outgo for the September quarter was INR 99.5 million, as against INR 144.6 million a quarter ago.

 

Of the three brokerage reports on the stock available with Informist, JM Financial Institutional Securities and Anand Rathi Share and Stock Brokers have a 'buy' rating on the stock with a target price of INR 2,360 and INR 2,500, respectively. Only Centrum Broking has a 'reduce' rating with a target price of INR 1,948. So far Tuesday, 211,621 shares of the company have changed hands on the NSE, higher than 25,179 shares traded during the same period on Monday.  (Simran Rede)


Equity Alert: Most Asian markets end lower after shedding early gains

 

MUMBAI--1330 IST--Most Asian indices ended in the red Tuesday, after shedding early gains as investors looked past positive cues from the US market which rose on optimism over a potential end to the US government shutdown. China's CSI 300 index declined nearly 1?ter opening in the green. The index was the biggest loser among peers.

 

Japan's Nikkei 225 ended marginally lower after shedding early gains. The Japanese government intends to outline tax measures to promote investment in 17 strategic fields, such as the artificial intelligence sector, Dow Jones Newswires reported. This could include tax breaks for capital expenditures. The government laid out its plan on Monday at the first meeting of the growth strategy council, chaired by Prime Minister Sanae Takaichi, the newswire reported.

 

South Korea's Kospi rose nearly 1% and it was one of the biggest gainers among Asian indices. The Korea Development Institute, the country's state-run think tank, Tuesday said it now expects GDP to grow 0.9% in 2025, against its August projection of 0.8%, according to a report by Dow Jones Newswires.

 

At 1323 IST, Singapore's FTSE Straits Times index rose over 1% and was the top performer in the Asian region. Hong Kong's Hang Seng index and Japan's Topix First Section index closed marginally higher.

 

Following were the levels of key Asian indices at 1329 IST:

 

Index

Level

 Change in %

CSI 300 Index

4652.16 (-)0.91

Hang Seng Index

26670.84 0.08

Nikkei 225 Day

50842.93 (-)0.14

TOPIX FIRST SECTION

3321.58 0.13

KOSPI

4106.39 0.81

FTSE Singapore Straits Times

4540.52 1.17

S&P/ASX 200 Index

8818.8 (-)0.19

 

(P. Madhu Kumar)


Equity Alert: Vodafone Idea up over 8?ter Q2 net loss narrows on qtr

 

MUMBAI--1237 IST--Vodafone Idea's shares rose over 8% to a near two-week high of INR 10.11 after the company's net loss for the quarter ended September narrowed from the trailing quarter and was also lower than expected. Its consolidated revenue from operations was also better than expected. The company's profitability also improved on higher revenue and lower network operational expenditure, Motilal Oswal Financial Services said.

 

The company reported a consolidated net loss of INR 55.24 billion for the reporting quarter, lower than the INR 66.08 billion net loss reported in the June quarter. Analysts had expected the telecom company to report a consolidated net loss of INR 67.80 billion. The company's consolidated net sales for the quarter rose around 2% on quarter and over 2% on year to INR 111.95 billion. This was also higher than the INR 111.32 billion Street had estimated.

 

Vodafone Idea's net debt, including interest accrued but not due and excluding leases, increased to around INR 2 trillion in Jul-Sept. The company still owes INR 2.01 trillion to the government for the deferred spectrum and adjusted gross revenue dues, Motilal Oswal said.

 

Its wireless average revenue per user rose over 1.2% on quarter to INR 167, higher than INR 166 estimated by Motilal Oswal. This improvement in wireless ARPU was driven by one extra day compared to last quarter and subscriber mix improvements. At 1235 IST, the company's shares were at INR 10.29, up over 8%. So far, 1.11 billion shares of the company were traded, three times the 332.16 million shares traded till the same time Monday.  (Gopika Balasubramanium)


Equity Alert: Britannia falls 7% as long-term MD, CEO Berry resigns abruptly

 

 

MUMBAI--1203 IST--Shares of Britannia Industries fell nearly 7% to a near two-week low of INR 5,723 after Managing Director and Chief Executive Officer Varun Berry resigned from his post after a stint of over 12 years with the company. At 1158 IST, the stock was down 3.9% at INR 5,895, among the worst hit in the Nifty 200.

 

Berry had offered to serve the notice period but the company's board waived the requirement and he was relieved from the post Monday. Britannia had already appointed Rakshit Hargave, former head of Birla Opus Paints, to the chief executive officer's post last week. Following Berry's resignation, Hargave will hold the post of managing director as well from Dec. 15. Till Hargave takes over, Chief Financial Officer Natarajan Venkataraman will be the interim chief executive officer, the company said.

 

There could be some near-term pressure on the stock price due to Berry's "long and successful" stint and quick exit, CNBC-TV18 cited Motilal Oswal as saying. Under Berry, Britannia's revenue grew two and a half times, margins expanded by over 900 basis points, net profit saw a sixfold jump, and its market cap multiplied 18 times. 

 

Till 1158 IST, 1.45 million shares of the company were traded on the NSE, sharply higher than the 198,872 shares traded till the same time Monday.  (Akash Mandal)


Equity Alert: Bajaj Fin hits 1-mo low post weak Q2 results, FY26 guidance cut

 

MUMBAI--1111 IST--Shares of Bajaj Finance plunged over 7% to a one-month low of INR 1,005 after the company's Jul-Sept bottom line missed analysts' estimates. Some brokerages noted concerns such as elevated credit costs, cut in guidance, and stress in some sections of the company's loan book. At 1108 IST, the stock was 7% lower at INR 1,009 and was the worst hit in the 50-stock index. 

 

JM Financial downgraded the stock to 'add' from 'buy' but raised its target price by 8% to INR 1,140. "GS3 (gross stage-3, indicating stressed assets) moved up 21 bps (basis points) QoQ (quarter-on-quarter) to 1.2% led mainly by MSME (micro, small and medium enterprise) and captive 2/3W (two-/three-wheeler) segments...in regard to this, company remains conservative on disbursals in these segments and revised its AUM (assets under management) growth guidance from earlier 24-25% to 22-23% for FY26," the brokerage said in its report. The brokerage also noted the management's guidance for flat net interest margins going forward as cost benefits will be passed on to customers. "Considering the revision in mgmt. (management) growth guidance, we revised our EPS (earnings per share) estimates down by ~2%-3% for FY26/27," the report said.

 

"While festive season spend saw a strong uptick of 29%, BAF (Bajaj Finance) has lowered its overall growth guidance to 22%-23% in FY26 due to cut down in the MSME portfolio," brokerage Prabhudas Lilladher said in its report. "While the company is seeing strong traction in new verticals (cars, gold, microfinance institutions) and new customer addition, we (downwardly) revise our growth outlook to 23%/24% for FY26/FY27." It also said the company's credit cost remained elevated in the quarter on account of continued stress in the captive auto and micro, small, and medium enterprise portfolio. "While commentary indicated a healthy trend in early-stage delinquencies, we remain wary and build a higher credit cost of 2% for FY26," it said.

 

On the company's stock, Motilal Oswal said, "Despite a healthy PAT CAGR (compounded annual growth rate) of 25% over FY25-FY28 and RoA/RoE (return on assets/return on equity) of 4.2%/22% in FY28, we see limited upside catalysts given the rich valuations and lack of near-term valuation re-rating triggers."

 

Shares of its parent company Bajaj Finserv were also sharply down ahead of its Jul-Sept results scheduled later in the day. At 1108 IST, Bajaj Finserv traded 6.7% lower at INR 1,976.20. Both the Bajaj group companies were the worst hit in the 50-stock index.  (Akash Mandal)


 

Equity Alert: Torrent Power marginally up ahead of likely steady Q2 results

 

NEW DELHI--1020 IST--Shares of Torrent Power traded slightly higher ahead of the company's earnings for the September quarter Tuesday. Torrent Power is likely to report steady earnings, aided by higher generation from gas-based plants, according to JM Financial. At 1023, shares of the company were at INR 1,322.70, up 0.8%. More than 123,000 shares of the power company were traded so far, higher than over 74,400 shares traded till same time Monday. 


The brokerage firm expects Torrent Power's consolidated revenue to rise 4% on year to INR 74.33 billion in Jul–Sept, driven by a 3% increase in gas generation. Net profit is estimated to rise 45% on year to INR 6.98 billion, but soften from INR 7.31 billion in Apr–Jun. The company had reported a net profit of INR 4.81 billion and revenue of INR 71.76 billion in the year-ago quarter. JM Financial said partial operationalisation of the company's gas-based power plants supported earnings growth.

 

EBITDA is seen up 18% on year at INR 14.21 billion, compared with INR 12.07 billion in the year-ago period. Sequentially, however, it may decline from INR 14.83 billion. Stable fuel and power purchase costs are seen supporting margins, JM Financial said. 

 

In the broader sector, India's power demand showed some recovery after a weak June quarter. Following subdued power demand in Apr–Jun, when energy and peak demand fell 1% and 3% on year, energy demand rose 3% and peak demand was flat in Jul–Sep, the brokerage said. Early monsoon rains boosted hydro generation by 13% and solar and wind pwer output by 18% and 22%, respectively, leading to a dip in thermal plant load factor to 62%, compared with 65% a year ago. The trend is relevant for Torrent Power, which has exposure to both thermal and renewable energy segments.

 

Of the five brokerage reports available with Informist on the company, two have a ‘buy' or equivalent rating, two have a ‘sell' or equivalent rating, and one has a ‘hold' rating. The buy ratings have an average target price of INR 1,482. The stock has risen about 0.3% since its June quarter earnings were announced on Aug 5, when shares closed at INR 1,313.60. (Pallavi Singhal)


 

Equity Alert: Rail Vikas Nigam up over 1% ahead of likely robust Q2 results

 

MUMBAI--0956 IST--Shares of Rail Vikas Nigam rose over 1% to an intraday high of INR 320.30 ahead of the company's September quarter earnings, scheduled later in the day. IDBI Capital Market Services expects the company's top line to rise 22% on year to INR 3.68 billion, while the bottom line is seen rising just around 0.5% to INR 48.71 billion. At 0947 IST, the stock traded 0.4% higher at INR 317.25.

 

Sequentially, the net profit is seen nearly tripling, while the bottom line is seen rising 25%. "We expect RVNL (Rail Vikas Nigam)to deliver moderate revenue performance in Q2 FY26 (Jul-Sept), with expectations of a sequential recovery from its Q1 contraction...in Q1FY25, revenue declined 3.42% YoY, partly due to a drop in contributions from Ministry-nominated railway projects," IDBI Capital said in its report. The company's management expects improved execution in the quarter under review due to ramp-up of newer competitively-bid projects, the brokerage added.

 

It expects the company's earnings before interest, tax, depreciation, and amortisation margin to come in at 5.8% in Jul-Sept, compared to the 1.4% reported in the previous quarter and the 5.6% reported in the year-ago quarter. "...in Q2, margins are expected to recover modestly as project claims, change orders, and improved scale dilute these fixed drag factors," IDBI Capital said.

 

In the previous quarter, the company's margins had fallen, weighed down by one-time pre-bid expenses of INR 200 million for BharatNet and an onerous contract recognition, it added. IDBI Capital, the only brokerage available with Informist that tracks the stock, has a 'hold' rating with a target price of INR 340.  (Akash Mandal)


 

Equity Alert: Bosch down 1% ahead of its Jul-Sept earnings 

 

MUMBAI--0953 IST--Shares of Bosch Ltd. fell nearly 1% to a low of INR 37,025 ahead of the company's September quarter earnings disclosure. The auto components maker is expected to report lower double-digit revenue growth and mid-double-digit growth in its net profit on a year-on-year basis. At 0951 IST, the stock was down 0.5% at INR 37,080.

 

Motilal Oswal Financial Services Ltd. said the company's net profit is expected to remain largely flat on quarter but grow 15% on year to INR 5.63 billion for the September quarter. The company's revenue could grow 11% on year and 1.9% on quarter to INR 48.78 billion.

 

"We expect 11% YoY revenue growth, driven by aftermarket growth in the mobility division and pickup in demand in CV and 2Ws in 2Q," Motilal Oswal said. The brokerage expects Bosch to report a margin of 13.2% for the reporting quarter, compared to 12.8% in the base quarter and 13.4% in the June quarter. 

 

Automobile component players are expected to report better earnings growth in the September quarter, partly driven by robust automobile sales during the reporting period. This was driven by festival season demand and goods and services tax cut which led to reduced vehicle prices.

 

Motilal Oswal Financial Services has a "neutral" rating on Bosch with a target price of INR 36,375.  (Anand JC)


Equity Alert: Indices fall after opening in green, Bajaj Finance down 7%

 

MUMBAI--0940 IST--Benchmark indices opened higher Tuesday, buoyed by a slew of positive triggers such as strong global cues and US President Donald Trump's comments on striking a trade deal with India. However, soon after, the indices were in the negative territory having moved between gains and losses for a brief period. Earlier, the gains in the Nifty 50 index were led by information technology stocks while Bajaj Finance and Bajaj Finserv dragged the index down. 

 

Trump said his country was coming closer to making a "fair trade deal" with India. "We're making a deal with India. Much different than we had," Trump Monday said during the swearing-in ceremony of Sergio Gor as the Ambassador to India. "Right now they don't love me but they will love us again. We're getting a fair deal." 

 

Bajaj Finance lost the most among Nifty 50 stocks, falling nearly 7%, after the company's bottom line for the September quarter failed to meet analysts expectations. Bajaj Finserv fell nearly 5% ahead of its earnings later in the day. Eicher Motors declined for the second straight session and fell over 1%. Mahindra & Mahindra and Bharat Electronics were the biggest gainers, rising over 1?ch. Among information technology stocks, Infosys and HCL technologies rose 0.5%. At 0940 IST, the Nifty 50 index was down 0.3% at 25508.90 points and the BSE Sensex index was down 0.3% at 83323.78 points. 

 

Among the Nifty 200 stocks, Vodafone Idea rose over 2?ter the company reported better-than-expected financial performance for the September quarter, with top line beating Street's estimate and net loss coming in lower than expected. Britannia Industries fell nearly 6% following Varun Berry's resignation as the company's managing director and chief executive officer.

 

Among the sectoral indices, only Nifty IT and Nifty Auto were in the green and rose marginally. Nifty Financial Services and Nifty PSU Bank were the biggest losers falling nearly 1%.  (P. Madhu Kumar)


Equity Alert: Asian markets mixed, focus on resolution to US govt shutdown

 

MUMBAI--0845 IST--Asian markets showed a mixed trend in early trade Tuesday after shedding some gains at opening. Gainers in the region took cues from the US market, which rose in anticipation of a possible end to the historic 40-day shutdown of the US government, enabling access to the trade and economic data.

 

Japan's benchmark Nikkei 225 index came off highs, up 0.4%, while the Topix index rose marginally. Artificial intelligence-related stocks were among the top movers, with conglomerate SoftBank gaining nearly 4% and chipmaker Renesas Electron up over 4%. Shares of Orix rose 0.5?ter the Japanese financial services conglomerate Tuesday announced a partnership with Qatar's sovereign wealth fund Qatar Investment Authority to launch a $2.5 billion private equity fund, according to a report by CNBC. 

 

South Korea's Kospi was the biggest gainer among Asian markets, rising nearly 2%. Gains in the index were supported by chip stocks. Samsung Electronics led the rally in technology stocks, up nearly 5%. Shares of SK Hynix gained over 4%. 

 

Among other indices, China's CSI 300 index fell nearly 1?ter opening in the green and the SSE Composite index declined 0.4%. Australia's S&P/ASX 200 index fell marginally. Hong Kong's Hang Seng index was down 0.3%.

 

Following were the levels of key Asian indices at 0810 IST:

 

Index

Level

 Change in %

CSI 300 Index

4660.441

(-)0.74

Hang Seng Index

26562.18

(-)0.33

Nikkei 225 Day

51131.28

0.43

TOPIX FIRST SECTION

3323.18

0.17

KOSPI

4126.7

1.31

FTSE Singapore Straits Times

4542.01

1.2

S&P/ASX 200 Index

8819.6

(-)0.18

 

(P. Madhu Kumar)


 

Equity Alert: Indices seen in range Tue; progress in US-India trade deal eyed

 

MUMBAI--0811 IST--Benchmark indices are expected to consolidate Tuesday as the market awaits fresh triggers for further upside, analysts said. One of the key triggers could be progress in trade deal negotiations between India and the US. US President Donald Trump early Tuesday hinted at some progress in the trade deal between the two countries, saying, "We're making a deal with India...I think we're pretty close to doing a deal that is good for everybody," The Economic Times quoted him as saying at an event. 

 

Until there are further concrete details on the trade deal, the market is likely to keep consolidating, analysts said. "Overall, Nifty 50 appears poised for range-bound movement as traders adopt a cautious stance ahead of key triggers...while the 25500–25350 zone is likely to act as a strong support base, the 25650–25750 zone remains the immediate resistance cluster," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note.

 

The November contract of the GIFT Nifty also indicates a muted start for the market. At 0808 IST, the contract was at 25722 points, up 16 points from its previous close. On Monday, the Nifty 50 had ended at 25574.35 points, up 82.05 points or 0.3%, having risen to 25653.45 points before facing selling pressure. The BSE Sensex closed the session at 83535.35 points, up 319.07 points or 0.4%.

 

Overnight, indices in the US surged as reports suggested that the longest government shutdown in the country's history could end this week due to a compromise that would restore federal funding being cleared by the Senate over the weekend. Technology stocks rebounded from last week's fall as the tech-heavy Nasdaq Composite gained over 2%. Nvidia, Palantir, and Tesla surged 4-9%. Most Asian indices also gained in early trade Tuesday, with South Korea's Kospi up over 2%.  (Akash Mandal)


 

Equity Alert: US markets rise on hopes of a likely end to US govt shutdown

 

MUMBAI--0735 IST--US markets ended higher Monday buoyed by technology stocks and positive sentiment driven by steps taken by the US Congress to soon put an end to the government shutdown there. A new bill quickly advanced in a key US Senate procedural vote overnight Sunday, after enough Democrats joined with Republicans to avoid any delay for the resolution to the prolonged government shutdown. 

 

Nvidia, Broadcom and other artificial intelligence related stocks led the gains in the Wall Street, as a possible end to the shutdown put investors in a risk-taking mood again. "We maintain our conviction that AI-related stocks should drive equity markets, and we believe underallocated investors should add exposure to the theme through a diversified approach," CNBC quoted Mark Haefele, chief investment officer at UBS Global Wealth Management, as saying.  

 

The S&P 500 index rose 1.5% and gained for the second straight session. The tech-heavy NASDAQ Composite rose over 2% and the Dow Jones Industrial Average rose nearly 1%. 

 

In other news, the Federal Reserve Governor Stephen Miran said Monday that a 50-basis-point rate cut would be appropriate for December, noting that inflation is falling while the unemployment rate is drifting higher, Reuters reported. 

 

Following are the closing levels of US indices overnight: 

 

INDEX

LAST LEVEL

CHANGE IN %

Dow Jones Industrial Average

47368.63 0.81

Nasdaq Composite

23527.17 2.27

S&P 500

6832.43 1.54

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.57

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

 

Edited by Akul Nishant Akhoury

 

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.

 

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