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Informist, Friday, Nov. 14, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Nifty 50 Nov ends at 61.55-point premium to spot index

MUMBAI--1706 IST--The November futures contract of the Nifty 50 closed at a premium of 61.55 points to the spot index Friday. Open interest in the contract rose almost 5% to 18.44 million, according to provisional data. 

--Nifty 50 closed at 25910.05 points, up 30.90 points or 0.1% vs Thu

--Nifty 50 November closed at 25971.60 points, up 17.80 points or 0.1% vs Thu

Nifty 50 options, expiring Tuesday, with maximum change in open interest:

Call: 27000, Put: 25700

Nifty 50 options, expiring Tuesday, with maximum open interest:

Call: 27000, Put: 25000

(Anjana Therese Antony)

Equity Alert: Market ends higher Fri, Nifty 50 rises 1.6% during the week

MUMBAI--1605 IST--Benchmark indices ended higher after they rebounded from losses incurred throughout Friday's trading session. Gains in the Nifty 50 index were led by financial services stocks. The index closed higher for the fifth consecutive session and ended the week with a 1.6% rise.

Shares of Eternal and Bharat Electronics rose about 2% each, emerging as the top gainers in the Nifty 50. State Bank of India, Bajaj Finance, and Jio Financial Services also advanced more than 1%. The buying interest in banking and financial services stocks aligned with expectations held by some technical analysts. Infosys fell over 2%, making it one of the worst performers. Eicher Motors declined for a second straight session, falling more than 2% after the company's consolidated net profit came in below analysts' estimates. On Friday, the Nifty 50 inched up 0.1% to 25910.05 while the BSE Sensex also ended 0.1% higher at 84562.78.

Among the Nifty 500 constituents, IPCA Laboratories rose nearly 14% after the company reported a robust earnings growth in the September quarter. Transformers and Rectifiers India rose 10% after the company was removed from the list of debarred firms and individuals on the World Bank's website. Premier Energies fell nearly 6% and it was the biggest loser among the Nifty 500 stocks. 

Among the sectoral indices, Nifty PSU Bank climbed more than 1%, making it the top performer. The Nifty Pharma index rose 0.6%, extending its gains for the third consecutive session. On other hand, Nifty IT fell for the second consecutive day, declining over 1%. Nifty Metal and Nifty Auto also slipped, losing 0.9% and 0.5%, respectively. (P. Madhu Kumar)

Equity Alert: Indices in Europe fall; UK market down on budget uncertainty

MUMBAI--1505 IST--Equity indices in Europe were lower in early trade Friday, tracking overnight losses on Wall Street. Traders were concerned about an artificial intelligence bubble and uncertainty around the US Federal Reserve's interest rate trajectory. UK's blue-chip FTSE 100 index led the worst performers in the region, following media reports that the country had abandoned plans to raise income tax rates a few weeks before its budget presentation. Weak economic data from China dampened trader sentiments about the health of the global economy.

The FTSE 100 index fell more than 1% and major bank stocks declined sharply. Shares of Barclays and those of Natwest fell almost 3% in early trade and Lloyds Banking Group shed over 3%. Britain's 10-year government bond yields rose 10 basis points to 4.54% following media reports that the Labour government has taken a U-turn on its long-time plans of an income tax hike. British Prime Minister Keir Starmer and Finance Minister Rachel Reeves abandoned these plans weeks before the budget announcement on Nov. 26. Instead of raising income taxes, the chancellor could cut the thresholds at which people pay different rates. Reeves had already been expected to extend an existing freeze on personal tax thresholds, the Financial Times reported.

Germany's DAX Performance index fell 0.6%, but came off the session's lows. Siemens Energy AG surged 10% after the company announced plans to pay its first dividend in four years and raised its mid-term outlook following strong demand for gas turbines, services and power transmission technology, The Economic Times reported.

Among other triggers for the market, hawkish comments from US Federal Reserve officials prompted markets to cut bets on further monetary easing by the US Federal Reserve. Fed fund future traders see a 50% chance of the US Fed cutting its benchmark interest rates by 25 basis points at its next meeting in December. Markets had priced in a 94% probability for an end-of-year interest rate cut.

Traders were concerned about the global economic outlook after China's economy slowed further in October, with data showing fixed asset investment, which includes the real estate sector, contracted in the first 10 months of the year. Retail sales and industrial output also slowed.

Following were the levels of major European indices at 1500 IST:

(Eshitva Prakash)

Equity Alert: Most Asia indices end lower; China mkts fall on weak econ data

MUMBAI--1320 IST--Most equity indices in Asia ended lower Friday tracking overnight losses on Wall Street as fears of overvaluation in technology-related stocks gripped market participants. Traders' sentiments soured further as US benchmark rate cut bets plummeted following cautious statements about further easing from several US Federal Reserve officials. Equity markets in China extended earlier losses after a slew of economic data sparked concerns about a slowdown in the country's economy.

China's CSI 300 index fell 1.5% Friday and closed the week 1% lower, and Hong Kong's Hang Seng index fell nearly 2%. Industrial output in China expanded 4.9% on year in October, slowing from a 6.5% in the prior month and missing expectations for a 5.5% increase. The country's manufacturing activity contracted more than expected in October and fell to the lowest level in six months, as a week-long holiday hampered production in its domestic factories. Retail sales rose 2.9% on year in October, slightly higher than the 2.8% growth forecasted by a Reuters poll. However, the reading showed a decline for the fifth straight month and was at its lowest level this year.

On a single-month basis, fixed-asset investment in China fell 11.4% on year as the country recorded the weakest reading since the first Covid lockdown, according to Goldman Sachs' estimates, CNBC reported. "Economic activity slowed modestly in October. The drop in fixed asset investment was quite fast, reflecting the weak property sector investment as well as lacklustre infrastructure investment," CNBC quoted Zhiwei Zhang, chief economist at Pinpoint Asset Management, as saying.  

Shares of e-commerce giant JD.com fell over 6% after the company's September quarter profit fell 5% from a year ago, South China Morning Post reported. Its peer company, Alibaba Group Holding, fell more than 4% and shares of Baidu fell over 7%.

South Korea's Kospi led the decliners in the region and fell nearly 4%, but closed the week 1.5% higher. Index heavyweight Samsung Electronics fell more than 5% and SK Hynix tumbled 8.5%. Japan's Nikkei 225 index fell nearly 2% and shares of technology-investor SoftBank declined almost 7%, falling for the third consecutive session after the company Tuesday said it had sold its entire stake in Nvidia to fund its investment in OpenAI. The broader Topix index also fell, retreating from a record high, but closed the week with nearly 2% gains. Australia's S&P/ASX 200 fell 1.4% and ended the week over 2% lower and the FTSE Singapore Strait index fell around 1%.

Comments from several US Fed officials Thursday muddled views on US Fed monetary policy going forward as officials signalled that high inflation and signs of relative stability in the US labour market could be key in deterring the apex bank from cutting interest rates further. Fed fund futures traders are factoring in a 52% chance of a 25-basis-point interest rate cut in the December policy meet, lower than 67% chance a week ago.

Following were the levels of key Asian indices at 1325 IST:

(Eshitva Prakash)

Equity Alert: Glenmark Pharma hits one-month high ahead of Jul-Sept earnings

HYDERABAD--1319 IST--Shares of Glenmark Pharmaceuticals rose almost 3% to a one-month high of INR 1,931 ahead of the company's September quarter earnings, due Friday. At 1317 IST, its shares were up 2.4% at INR 1,923.10. Almost 2 million shares of the company changed hands on the bourse so far Friday, sharply higher than the one-month daily average volume of over 690,000 shares. 

ICICI Securities Ltd. expects Glenmark Pharma to report a consolidated net profit of INR 4.03 billion for the September quarter on a revenue of INR 36.8 billion. For Jul-Sept last year, the company had reported a net profit of INR 3.5 billion on a revenue of INR 34.3 billion. 

Motilal Oswal Financial Services Ltd. projected the company's net profit for the reporting quarter at INR 3.2 billion on a revenue of INR 35.2 billion. Analysts' projection for the company's earnings before interest, tax, depreciation and amortisation for the quarter is in the range of INR 5.9 billion to INR 6.8 billion.

According to Motilal Oswal, Glenmark's domestic formulation business is expected to grow 5% on year. The robust performance in cardiac, respiratory and diabetes segments was offset by the discontinuation of low-margin brands and the adverse Goods and Services Tax transition impact. The company's US sales are expected to decline modestly by 2.4% on year on price erosion in the base portfolio, according to Motilal Oswal. (Narayana Krishna)

Equity Alert: Indices down on losses in heavyweight stocks; Infosys falls 2%

MUMBAI--1220 IST--Benchmark indices were down, tracking cues from their global peers. Asian indices fell after the US market closed sharply lower due to a fall in information technology stocks and as hopes dampened of a rate cut by the US Federal Reserve at its policy meeting in December.

Domestic indices were dragged down by losses in information technology and financial services stocks. Index heavyweights such as HDFC Bank, ICICI Bank and IT major Infosys pulled the Nifty 50 index lower. At 1217 IST, the Nifty 50 index was down 0.2% at 25823.35 points and the BSE Sensex was also down 0.2% at 84294.57 points.  

Shares of Eicher Motors fell for the second consecutive session after the automaker failed to meet analysts' estimate on net profit despite it rising 24% on year. Shares of Infosys were the worst hit in the Nifty 50 index, down over 2%, tracking losses in its US peers due to concerns about overvaluation of artificial intelligence-related stocks.  

Adani Enterprises and Adani Ports and Special Economic Zone were the top gainers in the Nifty 50 index, up 1% and 2%, respectively. All the companies owned by the conglomerate were trading with gains. Jio Financial Services was up 1%.

In the Nifty 200 index, Muthoot Finance was the top gainer, rising nearly 10% after the non-banking financial company reported a record high net profit for the September quarter. Premier Energies was the worst hit in the index, down over 4%. Transformers and Rectifiers India's shares hit the 10% upper band at INR 318.20 in the Nifty 500 index after the World Bank removed the company from a list of debarred firms and individuals on the World Bank's website. (Adhithya Aji) 

Equity Alert:Pine Labs lists at INR 242, 10% premium to issue price INR 221

MUMBAI--1030 IST--Pine Labs listed at INR 242 on the National Stock Exchange, a premium of nearly 10% to the issue price of INR 221. At 1002 IST, the stock traded 22% higher at INR 269.99 and nearly 32 million shares of the company changed hands on the bourse so far.

The initial public offering, which ended Tuesday, was subscribed 2.5 times, with the company receiving bids for 240.94 million shares against 97.89 million shares on offer. Ahead of the public offer, the company had raised INR 17.54 billion by issuing 79.36 million shares to anchor investors at INR 221 per share. The public offer comprised a fresh issue of shares aggregating up to INR 20.80 billion and an offer of sale of up to 82.35 million shares.

Pine Labs is a technology company focused on digital payments and offering solutions for merchants, consumer brands, enterprises and financial institutions. For the June quarter, it had reported a consolidated net profit of INR 47.86 million on a revenue of INR 6.16 billion.  (Eshitva Prakash)

Equity Alert: Indices open lower Fri on losses in IT, fincl services stocks

MUMBAI--0944 IST--Benchmark indices opened lower Friday with the Nifty 50 index dragged down by information technology and some heavyweight financial services stocks. This is in line with analysts' expectations of the Nifty 50 index moving in a range for a couple of sessions. 

Tata Motors was the biggest loser in the 50-stock index, falling over 3%. Infosys and Oil and Natural Gas Corp. fell over 1% each. Eternal recovered from losses incurred on Thursday and rose over 1%. Bharat Electronics and Adani Ports And Special Economic Zone gained nearly 1%. At 0940 IST, the Nifty 50 index was down 0.1% at 25863.55 points and the BSE Sensex index was 0.1% lower at 84401.35 points. 

Among Nifty 200 constituents, Muthoot Finance gained more than 9% after the company reported a steep jump in its September quarter net profit on a year-on-year basis. Sharp gains were seen in shares of Jubilant Foodworks and Bharat Dynamics, which rose 8% and 7%, respectively. Marginal losses were seen among the Nifty 200 stocks that were in the red. 

Heavy buying was seen among stocks in the Nifty PSU Bank index, making it the biggest gainer among sectoral indices. Nifty Oil & Gas and Nifty Pharma rose 0.5% each. The Nifty IT index fell for the second straight session and the index was down nearly 1%. The Nifty Metal index fell marginally, giving up all gains accumulated in the previous session.  (P. Madhu Kumar)

Equity Alert: Bihar poll trends to set direction for mkt, volatility likely

MUMBAI--0836 IST--Domestic equity indices are expected to take cues from the trends of vote counting for the Bihar assembly elections Friday, analysts said, adding that the probability of volatility is substantially high. Vote counting in the eastern state started from 0800 IST. Nearly all exit polls have forecast the incumbent National Democratic Alliance government to return to power again in the state. Some analysts said the Bihar election results are critical in terms of assurance of stability and continuity in central government policies, not as a standalone event. While some analysts expect the market to react negatively to an unexpected setback for the NDA, others see investors shrugging off such an occurrence.

Some analysts expect the Nifty 50 to test 25500-25300 points in case there is a negative surprise from the voting count in Bihar. "We will see an immediate short-term negative reaction that might push it towards 25300 levels in case there is a negative surprise," Vipin Kumar, assistant vice-president of derivatives and technical at Globe Capital Market, said. He expects the 50-stock index to face immediate resistance at 26030-26100 points and find support at around 25780-25720 points. At 0834 IST, the November contract of the GIFT Nifty was trading at 25,883 points, compared to the Nifty 50's previous close of 25,879.15 points.

On Thursday, the indices were volatile throughout the session and closed flat after choppy trade towards close. Currently, the index is around 400 points away from its record high. The BSE Sensex closed at 84478.67 points Thursday, up 12.16 points.

On the global front, there is negativity across equity markets as investors tracked overnight losses in the US. A fall in technology stocks and lower expectations of an interest rate cut in December by US Federal Reserve officials weighed on indices. Asian markets were sharply lower in early trade, with indices in South Korea and Japan being the worst hit.  (Gopika Balasubramanium)

Equity Alert: Equity indices in Asia fall; Japan, South Korea mkts worst hit

MUMBAI--0810 IST--Equity indices in Asia were sharply down in early trade Friday, tracking overnight losses on Wall Street. The stock markets in Japan and South Korea were the worst hit as shares of technologycompanies, particularly of artificial intelligence-related companies, tumbled in these markets. The sharp losses also follow comments by some US Federal Reserve officials, which dampened expectations of a rate cut by the apex bank in December. 

South Korea's Kospi was the worst hit equity index in the region, down over 2%. Index heavyweight Samsung Electronics traded almost 4% lower and SK Hynix, a memory chip manufacturer, fell 5%.

Japan's benchmark Nikkei 225 index fell 1.6% and the broader Topix was almost 1% lower. Technology stocks led the fall in these indices and shares of technology conglomerate Rakuten Group slipped over 8%. Shares of semiconductor testing equipment maker Advantest were nearly 5% lower and those of its peer Lasertec fell nearly 4%. Shares of technology investor SoftBank were down nearly 6%, falling for the third consecutive session after the company Tuesday said it had sold its entire stake in US IT giant Nvidia.

China's CSI 300 index was 0.7% lower. Traders await the country's retail sales and industrial output data for October. The nation's economy grew 4.8% on year in the September quarter, the slowest in a year but in line with analysts' expectations. However, fixed-asset investment, which includes real estate, unexpectedly shrunk 0.5% in the first nine months of the year. A Reuters poll had forecast 0.1% growth. The drop in fixed-asset investment is "rare and alarming," Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, was cited as saying by CNBC. Hong Kong's Hang Seng index fell almost 1%.

Multiple US Fed officials Thursday cautioned about further rate cuts, citing worries about inflation and signs of relative stability in the labour market. Fed fund futures traders are now pricing in a near 51% chance of a 25-basis-point cut at the policy meeting in December, down from the 67% chance of an interest rate cut a week ago, according to CME's FedWatch Tool.

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

(Eshitva Prakash)

Equity Alert: US mkt tanks Thu on losses in IT cos, fading hopes of rate cut

MUMBAI--0746 IST--Equity indices in the US ended sharply lower Thursday as market participants sold shares of technology companies amid concerns about overvaluation following the recent surge due to optimism about artificial intelligence. Uncertainty about the US Federal Reserve's interest rate policy going forward also contributed to the slump on Wall Street.  

The technology-heavy Nasdaq Composite led the decline as shares of index heavyweight Nvidia dropped nearly 4%. Shares of Tesla fell around 7% and those of Broadcom declined over 4%. "There's a lot of uncertainties about the state of the economy...What we're going through is a little bit of a correction in the market in the AI sector and we're seeing market rotation," Peter Cardillo, chief market economist at Spartan Capital Securities in New York, was quoted by Reuters as saying.

Recent remarks by several US Federal Reserve policymakers point to uncertainty about whether the apex bank will cut its benchmark interest rate further at the next policy meeting in early December. US Fed officials have flagged concerns about inflation and pointed towards signs of relative stability in the labour market as an indication to stop easing the policy. "Given my baseline outlook, it will likely be appropriate to keep policy rates at the current level for some time to balance the inflation and employment risks in this highly uncertain environment," Boston Fed President Susan Collins was quoted by CNBC as saying. "I see several reasons to have a relatively high bar for additional easing in the near term," she said.

Traders now see the chances of an interest rate cut as a coin flip, with the CME Fedwatch tool showing a near 51% probability of a 25-basis-point interest rate cut by the US Fed in December, down from the 70% expectation a week ago and from a near-unanimous bet in favour of an interest rate cut a month ago.

Among other stocks, Walt Disney fell nearly 8% after the media giant said it was preparing for a legal dispute with YouTube TV over distribution of its cable channels. Shares of memory device maker Western Digital fell over 5% and those of SanDisk fell almost 14%.

Following are the closing levels of US indices Thursday:

(Eshitva Prakash)

End

US$1 = INR 88.74

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

Edited by Tanima Banerjee

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