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Informist, Thursday, Nov. 13, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Domestic market seen slightly up Thu; investors to buy on dips

 

MUMBAI--0823 IST--Domestic equity indices are likely to open a tad higher Thursday as the market sentiment is bullish on recent positive development over the US-India trade deal and positive global cues from the US as the shutdown in government is likely nearing its end. India inflation print for October coming in at record low is also considered a positive trigger for the market, analysts said. Market participants are also pricing in the likely victory of incumbent National Democratic Alliance government in Bihar's assembly elections as suggested by various exit polls. Technical analysts also said investors would likely adopt A buy-on-dips strategy in the near-term. 

 

Currently, exit pollS on Bihar's assembly elections indicating victory of incumbent government, likely US-India trade deal, and optimism over earnings recovery in Oct-Mar are driving the Indian stock market, Sunny Agrawal, head of fundamental equity research at SBICAPS Securities, said. "Mean reversion of underperformance of India with respect to developed markets sucn as US" is also been considered a positive for domestic equities, he added. 

 

The November contract of the GIFT Nifty indicated that indices will likely open marginally higher. At 0751 IST, the contract was at 25949.50 points, up 9.50 points from its previous close. On Thursday, the Nifty 50 had ended the session at 25875.80 points, up 180.85 points or 0.7%. Analysts expect the recent gains in the market to sustain. Now, the 50-stock index is 400 points away from the lifetime high it hit in September last year. The BSE Sensex closed at 84466.51 points, up 595.19 points or 0.7%.

 

Technical analysts expect the 50-stock index to face resistance at the psychologically important level of 26000 points. They see the 50-stock index to find support at 25700-25650 points. "As long as the index sustains above the 25700–25650 zone, traders are expected to adopt a buy-on-dips strategy," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note.

 

Late Wednesday, indices in the US ended higher, with Dow Jones Industrial Average notching record highs. The House of Representatives is set to end the longest government shutdown in US history, as the Senate voted on a funding package to restart disrupted public services. Artificial intelligence stocks continued to see volatility this month, as investors are uneasy that technology valuations could be stretched after their recent surge. The technology-heavy Nasdaq ended lower for the second straight session. In Asia, the equity markets opened mixed Thursday, with those in Hong Kong and Australia trading in negative territory.  (Gopika Balasubramanium)

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Equity Alert: Dow Jones hits record high Wed amid hope of govt reopening

 

MUMBAI--0758 IST--The Dow Jones Industrial Average index in the US hit a record high and closed higher Wednesday, buoyed by signs of the US government reopening after a 53-day shutdown. The technology-heavy Nasdaq Composite fell due to losses in index heavyweight Amazon and a decline in several artificial-intelligence related stocks amid renewed concerns about elevated valuations.

 

Members of the US House of Representatives were set to vote on a resolution that could end the shutdown of the government. The US Senate had passed a spending bill that had created a political deadlock in the US government. "Expectations are that the shutdown is over...People will get back to work, economic data will be released once again and uncertainty will be behind us," Sam Stovall, CFRA chief investment strategist, was quoted as saying in a Reuters report.

 

Shares of banks such as Goldman Sachs, JPMorgan Chase, and American Express rose 1-3%. Shares of Morgan Stanley, Wells Fargo and Bank of America scaled record highs, CNBC reported. 

 

Shares of AI companies continued to be volatile, as traders were concerned about the expensive valuation of such stocks following their recent surge. Shares of CoreWeave fell over 3?ter the cloud company trimmed its annual revenue forecast. Oracle and Palantir Technologies shed nearly 4?ch. However, AMD shares jumped 9?ter the chip designer unveiled a $100-billion data-centre revenue target. 

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6850.92	0.06
NASDAQ Composite	23406.457	(-)0.26
Dow Jones Industrial Average	48254.82	0.68

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.63

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

 

Edited by Tanima Banerjee

 

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