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Informist, Wednesday, Nov. 12, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices seen opening tad higher; Bihar exit polls in focus

 

MUMBAI--0810 IST--Benchmark equity indices are expected to open slightly higher as investors track exit polls from Bihar Tuesday, which indicated a win for the National Democratic Alliance in the state's assembly election. The votes will be counted Friday.

 

"The domestic market will most likely trade volatile in (the) near term," Vipin Kumar, assistant vice-president of derivatives and technical at Globe Capital Market, said. "Today, it (market) will react to Bihar exit polls and Friday, vote counting will keep traders on their toes," he added. "Gift Nifty is indicating a positive opening for the Nifty 50 (today) and going ahead, we expect the benchmark index to trade with a positive bias and test 26100 (points) and higher levels in the near term," Kumar said. He expects the 50-stock index to find support at 25450-25300 points and immediate resistance at 25900-25950 points for Tuesday's session.

 

The November contract of the GIFT Nifty indicates a muted open. At 0752 IST, the contract was at 25976.50 points, down 22 points from its previous close. On Tuesday, the Nifty 50 had ended at 25694.95 points, up 120.60 points or 0.5%. The BSE Sensex had closed Tuesday at 83871.32 points, up 335.97 points or 0.4%.

 

Overnight, indices in the US ended higher as the government shutdown is expected to end this week. The federal government has been shut since Oct. 1. Tuesday, the US Senate officially passed a spending bill on 60:40 vote that will now head to the House of Representatives for a final vote Wednesday, The Wall Street Journal reported. Except China, indices in Asia also opened higher Wednesday. 

 

Back home, Asian Paints and Tata Steel are the Nifty 50 companies that will announce their September quarter earnings later in the day. The paints major's consolidated net profit is seen rising 3% on year and its revenue is seen up 1%. Meanwhile, Tata Steel's consolidated net profit for the quarter is seen leaping 3.4 times on a strong rise in steel delivery volumes from its India operations, a moderate increase in volumes from its factories in Europe, and narrowing losses in its Netherlands operations. (Gopika Balasubramanium)

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Equity Alert: US indices end higher Tue on hopes of end to US govt shutdown

 

MUMBAI--0738 IST--Most indices in the US ended higher Tuesday as investors looked forward to an end to the prolonged government shutdown. The Dow Jones Industrial Average rallied to a fresh closing record Tuesday, while the NASDAQ Composite ended in the red as investors booked profits from technology stocks. 

 

The US Senate passed a deal on Monday to restore federal funding after a record-long shutdown that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid, led to air traffic snarls, and delayed the release of government economic data, Reuters reported.

 

A new report from ADP revealed that for the four weeks ended Oct. 25, private sector job creation was down more than 11,000 on average per week. The data was in contrast to the gains the firm reported last week and signalled some weakness in the labor market, according to a report by CNBC. 

 

The S&P 500 index ended 0.2% higher and the Dow Jones Industrial Average rose over 1%. The NASDAQ Composite was among the few major indices in the US that closed in red, down 0.3%. 

 

Following are the closing levels of US indices overnight: 

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	47368.63	1.18
Nasdaq Composite	23527.17	(-)0.25
S&P 500	6832.43	0.21

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.57

 

Edited by Nishant Maher

 

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