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Informist, Monday, Nov. 17, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Indices rise again after coming off highs briefly, metals fall

MUMBAI--1336 IST--Benchmark indices rose again after coming off highs briefly earlier. As expected by analysts, investors adopted a buy-on-dips strategy, and the indices rose as soon as they turned flat. The Nifty 50 continued to face strong resistance at 26000 points. The Nifty PSU Bank index was the best performing sectoral index as investors bought shares of state-owned banks. However, shares of metal companies came under pressure.

At 1336 IST, Nifty 50 was at 25994.35 points, up 84.30 points or 0.3%. The BSE Sensex was at 84871.94 points, up 309.16 points or 0.4%. Index heavyweights ICICI Bank and HDFC Bank helped the indices remain higher. Most sectoral indices were up, except for metals. Nifty PSU Bank and Nifty Media continued to gain.

Shares of metal companies fell on reports that the government is planning to suspend quality control orders on 55 steel grades. Of these, 42 orders may be suspended for three years, while 13 speciality steel orders could be paused for one year, reports said. "The suspension of quality control orders on 55 steel grades may open the door to unregulated imports, adding further pressure on domestic steel prices...," ICICI Direct Research said in a note earlier in the day. The broking firm said steel prices are already at a one-year low of INR 47,000 per tonne due to excess supply. Shares of Adani Enterprises, Lloyds Metals and Energy, and Hindustan Zinc fell 1-3%.

Meanwhile, selling pressure on information technology stocks eased and the Nifty IT recovered from the day's low. Shares of Oracle Financial Services, Tech Mahindra, and HCL Technologies rose 0.3-1.1%. On the other hand, Mphasis fell 2.5% and was the worst hit within the sectoral index.  (Akshat Saksena)

Equity Alert: Narayana Hrudayalaya jumps over 10%; co's Q2 PAT rises 30% YoY

MUMBAI--1100 IST--Shares of Narayana Hrudayalaya rose nearly 10% to a high of INR 1,929 after the company reported strong earnings for the quarter ended September. The company declared its results post market hours Friday. The stock came off highs and at 1054 IST, it traded nearly 8% higher at INR 1,889.

The company reported a 30% on-year jump in its consolidated bottom line to INR 2.58 billion for the September quarter. The company's revenue from operations rose a little over 20% to INR 16.44 billion for the same period. The healthcare service provider's operational revenue from Cayman operations grew 78% on year to INR 4.32 billion, supported by both the hospital and insurance businesses.

The company is targeting an aggressive capital expenditure of over INR 30 billion over the next 2-3 years towards addition of 2,000 planned beds along with the company's acquisition of UK-based Practice Plus Group Hospitals. The progress on these investments will be watched out for, ICICI Direct Research said in a note. "Improved profitability of India operations besides reigniting of Cayman performance bodes well for future expansion," the broking firm said. Its revenues from its India operations were INR 1.23 billion, up nearly 9% on year, according to the company's press release.

Of the six brokerage reports on the company available with Informist, five have a 'buy' or equivalent rating on the stock with the average target price of INR 1,851 and one brokerage has a 'sell' recommendation. Nearly 5 million shares of the company were traded so far Monday, sharply higher than 35,799 shares traded till the same time Friday. (Eshitva Prakash)

Equity Alert: Indices open higher; banks, fincl services stocks rise

MUMBAI--1010 IST--Benchmark equity indices opened higher Monday, largely due to gains in banking and financial services stocks. With the September quarter earnings coming to an end, analysts said the results were much better than in the June quarter. Indices in the US ended mixed on Friday and Asian markets were down Monday due to negative sentiment amid geopolitical tensions between China and Japan.

At 0954 IST, the Nifty 50 was at 25965.95 points, up 55.90 points or 0.2%. Analysts expect the 50-stock index to face strong resistance at the psychologically important 26000 points. The index also got a boost from gains in index heavyweights such as HDFC Bank, ICICI Bank, and Reliance Industries. The National Democratic Alliance winning the mandate in Bihar, which assures continuity in policies by the central government, also contributed to the bullish sentiment. 

Shares of Tata Motors Passenger Vehicles fell 4% after the company's subsidiary Jaguar Land Rover cut the earnings before interest and tax guidance for 2025-26 (Apr-Mar), disappointing the Street. The company's management said geopolitical tensions, tariff uncertainty, and supply chain risks persist, affecting its performance. The stock was the worst-hit Nifty 50 constituent. Meanwhile, Shriram Finance, Kotak Mahindra Bank, Axis Bank, and Bajaj Finance rose over 1% each. 

Among Nifty 200 constituents, IRB Infrastructure Developers rose 5%, the top gainer. Rail Vikas Nigam and Hero Motocorp gained over 3%. On the other hand, Astral fell over 3%. Among Nifty 500 stocks, Narayana Hrudayalaya rose over 9% after the company's consolidated net profit for the September quarter rose 30% on year. The stock was the top gainer in the Nifty 500 index. (Arundathi A R)

Equity Alert: Asia indices dn; Japan tourism cos tank on tensions with China

MUMBAI--0820 IST--Most equity indices in Asia were down in early trade Monday. Japan's Nikkei 225 and China's blue-chip CSI 300 led the decline following geopolitical tensions between the two countries. The equity market in South Korea bucked the broader regional trend and was higher. Elevated stock prices of artificial intelligence-related companies and mounting worries that the US Federal Reserve may not cut its benchmark policy rates further continued to trouble trader sentiment.

Beijing warned its citizens about travel and study plans in Japan. In response to Japan's Prime Minister Sanae Takaichi's comments over the Taiwan issue, China warned Japan of a military defeat if it used force to intervene over Taiwan, and cautioned Chinese citizens against visiting Japan. Tokyo urged Beijing on Saturday to take "appropriate measures" following the travel warning, Reuters reported, citing a Kyodo news agency report. 

Shares of cosmetic firm Shiseido – a company which depends significantly on Chinese spending - dropped more than 10%. Isetan Mitsukoshi Holdings, department-store chains Mitsukoshi and Isetan, fell 10%. Oriental Land, which is the operator of Tokyo Disney Resort, declined almost 5%. Shares of airline operator ANA Holdings fell nearly 4%. A travel boycott of Japan by Bejing could result in an economic loss of about 2.2 trillion yen ($14.23 billion) on an annual basis, reducing the nation's real GDP by 0.36%, Reuters said, citing an estimate by Takahide Kiuchi, executive economist at Nomura Research Institute. 

Japan's GDP for the Jul-Sept period contracted 1.8% on an annualised basis, as compared to a market forecast of a 2.5% decline. The country's economy shrank 0.4% on quarter against the expectation of a 0.6% decline. The Nikkei 225 index was 0.7% lower and the broader Topix fell 0.8%.

Australia's S&P/ASX 200 index was 0.3% lower. Shares of BHP fell 1% after Britain's high court found it liable for a dam collapse in Brazil. Traders await Singapore's balance of trade later in the day.

Following were the levels of key Asian indices at 0827 IST:

(Eshitva Prakash)

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% each. 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:

(Eshitva Prakash)

End

US$1 = INR 88.64

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

Edited by Ashish Shirke

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