Equity Alert
Indices seen tad higher at open; investors to buy on dips
This story was originally published at 09:43 IST on 17 November 2025
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Equity Alert: Indices seen tad higher at open; investors to buy on dips
MUMBAI--0755 IST--Benchmark equity indices are likely to open higher Monday, with investors largely taking a 'buy-on-dips' strategy in the near term. Some technical analysts said the sentiment in the market was bullish, while others said they were "cautiously positive". Analysts said companies posted better earnings for the September quarter compared to the June quarter. On a larger perspective, both managements and the Street expect the second half of the current financial year to augur well for Indian corporates in terms of earnings growth.
"My outlook has turned firmly bullish for the near term. The price action last week was a classic bear trap," Bhavya Shah, technical analyst at StoxBox, said. "...buyers are aggressively defending dips and that the primary uptrend remains very strong," he added. Shah said the Nifty 50 index would take support at 25640 point levels, while immediate resistance will be at the psychological 26000 points mark, followed by the previous swing high near 26100 points, he added.
On Friday, the Nifty 50 closed at 25910.05 points, up 30.90 points or 0.1%. The BSE Sensex closed at 84562.78 points, up 84.11 points or 0.1%. Last week, both the indices closed higher in all the five trading sessions. On a weekly basis, the indices snapped two continuous weeks of decline. Foreign investors dumped Indian shares for the fifth straight session on Friday, offloading INR 49.68 billion of equities. On the other hand, domestic investors turned net buyers since Oct. 23. They bought shares worth INR 84.61 billion Friday.
The GIFT Nifty indicates a positive open for the domestic market and a trade deal with the US will be a big positive trigger for the domestic market, Vipin Kumar, assistant vice-president of derivatives and technical at Globe Capital Market, said. "Overall, it is a buy on dip market...," he said, adding that immediate support for the Nifty 50 is at 25700 points and resistance at 26100 points. The November contract of the GIFT Nifty indicated that indices are likely to open higher Monday. At 0749 IST, the contract was at 26015 points, up 10 points from its previous close.
US indices ended mixed on Friday, with S&P 500 and the Dow Jones Industrial Average closing lower. Investors are likely to track the quarterly results of artificial intelligence chip-maker Nvidia, due Wednesday. This assumes importance as artificial intelligence and technology stocks were being sold aggressively by investors citing elevated valuations. Nvidia's quarterly results would provide insight into growth of artificial intelligence as a sector. "If Nvidia disappoints, they will be punished.... you'll see dip buyers come back in pretty quickly and stabilize things," Mike Dickson, head of research and quantitative strategies at Horizon Investments, was quoted as saying by Reuters. Asian indices were largely in negative territory in early trade, barring South Korea's Kospi, which was up nearly 2%. (Gopika Balasubramanium)
Equity Alert: US indices close mixed Fri; Nasdaq ends higher as IT cos gain
MUMBAI--0748 IST--Equity indices in the US ended mixed on Friday, with the S&P 500 closing largely flat and the Dow Jones Industrial Average shedding around 1%. However, a rebound in technology-related stocks pushed the Nasdaq Composite higher and the index snapped a three-day losing streak. Traders were concerned about high valuations of artificial-intelligence companies, as well as about speculation that the US Federal Reserve may not cut interest rates at its next meeting in December.
The technology-heavy Nasdaq Composite closed marginally higher as shares of index heavyweights Nvidia, Palantir and Microsoft advanced around 1?ch. Shares of Oracle closed 2.5% higher and those of Tesla also closed the session with gains. Most major artificial-intelligence companies had plummeted Thursday due to concerns of high valuations and the rout had led to a fall of over 2% in the Nasdaq index. "AI is truly testing the limits of Wall Street spreadsheets right now," David Krakauer, vice president of portfolio management at Mercer Advisors, was quoted as saying by CNBC. "The valuations are so stretched, and any little movement in expectations on either profits or interest rates is going to have a bigger and bigger effect."
Uncertainty around the US Federal Reserve's upcoming interest rate decision also dampened sentiment after several US Fed officials voiced caution about cutting interest rates in a high inflation environment. Fed fund futures traders are pricing in a 46% chance that the central bank will cut its benchmark overnight borrowing rate by 25-basis points at its December policy meeting, which is sharply lower than the 88% likelihood that traders predicted a month ago, according to the CME Fedwatch Tool. Kansas City Fed President Jeffrey Schmid, who was one of two dissenters in the Fed's October decision to lower the policy rate, Friday said his concerns about "too hot" inflation go well beyond the narrow effects of tariffs, signalling that he could dissent again at the Fed's December meeting if the policymakers decide to cut short-term borrowing costs, Reuters reported.
Traders await the earnings report from the world's largest company by market capitalisation, Nvidia Corp., which is due later in the week. "If Nvidia disappoints, they will be punished. But I also think that – kind of like you're seeing today – you'll see dip buyers come back in pretty quickly and stabilise things," Reuters quoted Mike Dickson, head of research and quantitative strategies at Horizon Investments, as saying.
Following are the closing levels of US indices Friday:
| Index | Level | Change in % |
| S&P 500 | 6734.11 | (-)0.05 |
| NASDAQ Composite | 22900.59 | 0.13 |
| Dow Jones Industrial Average | 47147.48 | (-)0.65 |
(Eshitva Prakash)
End
US$1 = 88.74 INR
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Subhojit Sarkar
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