More Stories

Informist, Tuesday, Nov. 18, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Near-term selling pressure likely for market but bias positive

MUMBAI--1658 IST--The domestic market is likely to see some more selling pressure, but analysts say the overall bias is likley to remain positive in the near term. Developments in global markets are likely to be reflected in domestic equities, too. Some analysts expect the Nifty 50 to regain the psychologically important 26000 in the coming session, even though it could not sustain above this level Tuesday. 

The narrative that the benchmark indices will reach their record highs soon is slowly taking a back seat, with some analysts expecting that the market will likely take some more time to regain its all-time high. "...we can just see that whether the trend is positive or not. If the trend is positive, we are inching towards it (record high). It may take a day or a month," said Ajit Mishra, senior vice-president of research at Religare Broking. 

The Nifty 50 and BSE Sensex had hit their respective all-time highs of 26277.35 points and 85978.25 points on Sept. 27, 2024. The indices are down 1% from their all-time highs. Tuesday, the Nifty 50 closed at 25910.05 points, down 103.40 points or 0.4%. The Sensex ended lower by 0.3% or by 277.93 points at 84673.02 points. Analysts see the Nifty 50's resistance at 26100 points and support at 25850 points.

Overnight in the US, Federal Reserve Vice Chair Philip Jefferson said policymakers should be cautious in cutting rates further despite potential downside risks to jobs growth. The US Bureau of Labor Statistics will release September jobs data on Thursday after the government of the world's largest economy reopened following a record six-week shutdown.

There is a possibility that foreign investors will sell more in the domestic equity market, though they had turned net buyers Monday after offloading shares in the previous five sessions. So far in November, foreign investors have offloaded shares worth $357 million. According to the Morgan Stanley Research report, FPI exposure remains the lightest in history.  (Arundathi A R)

Equity Alert: Indices' six-day winning run ends as bank, IT stocks fall

MUMBAI--1626 IST--Snapping a six-day winning run, domestic benchmark equity indices closed lower Tuesday, tracking the selling pressure across global markets. The Nifty 50 failed to sustain above the psychologically important level of 26000 points though it had closed above this level Monday after almost two weeks. A fall in shares of banks and information technology companies dragged the Nifty 50 index down, with only nine constituents closing higher.

The Nifty 50 closed at 25910.05 points, down more than 100 points or 0.4%. The BSE Sensex closed at 84673.02 points, down 277.93 points or 0.3%. Index heavyweights such as HDFC Bank and ICICI Bank were in negative territory for most part of the session and closed 0.4% lower. These two banks together have almost 21% weightage in the Nifty 50.

All major sectoral indices also closed lower. The Nifty IT was among the worst-hit major indices, with all its 10 constituents ending in the red. Concern about expensive valuations of global artificial intelligence-related stocks and less likelihood of a reduction in interest rates in the US have been weighing on domestic players' share prices of late. According to the CME FedWatch tool, the possibility of a 25-basis-point cut in US interest rates has fallen to 46% from almost 67% a week ago and 94% a month ago. 

The Nifty Metal was among the major laggards, down 1%, with most losses in Hindalco Industries and Vedanta primarily dragging the sectoral index down. The sentiment around steel companies was hit after news reports that the government plans to suspend quality control orders on 55 steel grades. 

Among the gainers in the Nifty 50, Bharti Airtel rose the most, extending its rise for the seventh straight session. The stock ended nearly 2% higher. Its shares rose after S&P Global Ratings upgraded the stock's long-term issuer credit rating to "BBB" from "BBB-" on strong earnings growth expectations.

Global markets declined after US Federal Reserve Vice-Chair Philip Jefferson Monday said policymakers should be cautious in cutting rates further despite potential downside risks to job growth. The possibility of another rate cut by the US apex bank has been falling after some Fed official flagged worries about the country's inflation and labour market stability. The US Bureau of Labor Statistics will release the country's September jobs data Thursday after a record six-week shutdown of the US government, which ended last week after President Donald Trump signed a short-term funding bill.  (Arundathi A R)

Equity Alert: Nifty 50 Nov ends at 23.85-point premium to spot index

MUMBAI--1624 IST--The November futures contract of the Nifty 50 closed at a premium of 23.85 points to the spot index Tuesday. Open interest in the contract fell almost 2% to 17.72 million, according to provisional data.

--Nifty 50 closed at 25910.05 points, down 103.40 points or 0.4% vs Mon

--Nifty 50 November closed at 25933.90 points, down 126.20 points or 0.5% vs Mon

Nifty 50 options, expiring Nov. 25, with maximum change in open interest:

Call: 26000, Put: 24500

Nifty 50 options, expiring Nov. 25, with maximum open interest:

Call: 26000, Put: 26000

(Anjana Therese Antony)

Equity Alert: Indices in Europe fall as lofty IT valuations concern traders

MUMBAI--1436 IST--Indices in Europe were down in early trade Tuesday, tracking losses in global markets. Asian indices ended lower earlier in the day, after US equities fell overnight amid recent concerns of a bubble in artificial intelligence-related stocks. France's CAC 40 declined the most in the region, falling for the fourth consecutive session.

Shares of artificial intelligence equipment makers Siemens Energy and Schneider Electric fell 2% and 3%, respectively. ABB's shares dropped 4% after the company's reaffirmation of its revenue growth forecast disappointed traders, according to media reports.

CAC 40 was down 2% Tuesday after losing nearly 3% in the last four consecutive sessions. Shares of French investment company Amundi declined 3% in early trade. The company said it was expanding its private markets presence by taking nearly 10% stake in global private equity and alternative asset manager Intermediate Capital Group, CNBC reported. Shares of Societe Generale were down 3% and those of hospitality company Accor fell 2.6%.

Shares of pharmaceutical company Novo Nordisk fell over 1% after the Danish company said it would formulate a plan to cut the monthly price of its obesity drug Wegovy in the US. This price reduction is expected in January, and follows an earlier agreement between the company and US President Donald Trump. Meanwhile, shares of Swiss drugmaker Roche Holding climbed 6% after the company reported late stage trial results for its breast cancer drug giredestrant, Reuters reported.

Traders are now waiting for Nvidia Corp.'s earnings for the September quarter, due Wednesday, amid worries of a bubble in the AI sector. Traders also await September non-farms payroll data Thursday, to provide cues on the health of the US labour market. The reading is likely to signal the US Federal Reserve's monetary policy trajectory going forward.

Following were the levels of major European indices at 1436 IST:

(Eshitva Prakash)

Equity Alert: Mkt remains weak, snaps 6-day rise ahead of options expiry

MUMBAI--1425 IST--Tracking the weakness across global markets, domestic benchmark indices remained in the red, though they recovered most of their fall. Most sectoral indices were down, barring those related to banking. The market fell after six straight sessions of gains and ahead of the expiry of weekly options contracts of the Nifty 50 Tuesday.

At 1347 IST, the Nifty 50 was at 25971.70 points, down 41.75 points or 0.2%. The BSE Sensex was at 84873.48 points, down 77.47 points or 0.1%. The Nifty Bank index, which was choppy, was up 0.2%. Headline indices are still 1% lower than the record highs they had hit in September last year. The domestic market's valuation remains expensive, even though it has eased from the year-ago level. Concerns about expensive stock valuation of global artificial intelligence companies and reduced hopes of a rate cut by the US Federal Reserve are among the reasons for the fall in global equities.

Index heavyweight HDFC Bank came sharply off its low, but was still slightly down. Among other bank stocks, ICICI Bank was the worst performer in the Nifty Bank index. On the other hand, Federal Bank was the best performer in the index. The stock up 2.7%. The second top gainer was Axis Bank, which was up almost 2% after multiple large deals took place in the stock.

The Nifty Auto index recovered and was slightly up. Many automobile companies rose on reports that the government is likely to postpone its Jan. 1 deadline for mandatory anti-lock braking systems, or ABS, for two-wheelers with up to 125cc engines. This was after manufacturers raised concerns about the effectiveness and cost impact of ABS in entry-level models, reports said. Uno Minda, Tube Investments of India, and Bosch were the worst performing companies in the sector. They were down 1-2%.  (Akshat Saksena)

Equity Alert: Asian indices end lower; mkts in Japan, South Korea worst hit

MUMBAI--1330 IST--Most equity indices in Asia closed sharply lower Tuesday, tracking overnight losses on the Wall Street. MSCI's index of Asia-Pacific shares, excluding Japan, was down a little over 2%. Equity markets in Japan and South Korea were the worst hit in the region. Traders await earnings report from chip giant Nvidia Corp. amid concern over valuations of artificial intelligence-related stocks. 

Japan's benchmark Nikkei 225 index and the broader Topix index fell around 3% each. Shares of electrical equipment manufacturing company Fujikura fell nearly 10% and those of Furukawa Electric dropped 9.5%. Shares of Sumitomo Electric Industries Ltd. slumped 9%. Yields on Japan's 20-year government bonds rose almost 4 basis points to 2.78%, the highest since July 1999, CNBC said, citing data from LSEG. Yields on the 10-year government bond rose around 2 basis points to 1.751%.

South Korea's KOSPI fell 3.3%. Shares of Hanmi Semiconductor fell 8% and those of battery-maker Ecopro fell 7.4%. Shares of information technology company SK Square closed almost 7% lower. Shares of Pinkfong, the company which produced the popular children's song "Baby Shark", jumped more than 60% in market debut on Tuesday, Reuters reported.

Overnight, technology-related stocks in US markets slumped ahead of industry bellwether Nvidia Corp's earnings. Concern over an artificial intelligence bubble have grown in the past few weeks and leading to a pause in the rally in technology stocks globally. "It is starting to feel like investor conviction at current levels is fading," Tareck Horchani, head of prime brokerage dealing at Maybank Securities was quoted by Reuters as saying. "It's less about a sharp catalyst and more about positioning fatigue, valuation sensitivity, and a growing sense that the rally needs a pause," he said.

Traders will also focus on September nonfarm payrolls from the US for cues about the health of the labour market in the US. Comments from several US Fed officials against cutting interest rates in a high-inflation environment has driven down bets for a rate cut by the central bank in its December meeting. Fed fund futures traders think that the probability of a 25-bps benchmark rate cut is a coin-toss, as opposed to a 94% probability a month ago, according to the CME Fedwatch tool.   

Following were the levels of key Asian indices at 1335 IST:

(Eshitva Prakash)

Equity Alert: Indices remain tad dn on fall in IT, financial services stocks

MUMBAI--1305 IST--Benchmark equity indices remained slightly lower Tuesday, primarily dragged down by a fall in information technology and financial services stocks. However, index heavyweight Reliance Industries reversed its losses from early trade. Shares of Bharti Airtel, which has the fourth biggest weightage in the Nifty 50, rose for the seventh consecutive session and hit an all-time high of INR 2,153.70. 

At 1245 IST, the Nifty 50 was at 25938.55 points, down 74.90 points or 0.3%. The BSE Sensex was at 84773.88 points, down 177.07 points or 0.2%. Broader market indices fell more than the benchmark gauges. The Nifty Midcap 150 index and Nifty Smallcap 250 index were down 0.4-1.0%. 

IT stocks continued to be a major drag on headline indices. Tech Mahindra, Infosys, and Wipro were down 1-2% and were among the worst-hit stocks on the Nifty 50. Globally, traders remain cautious about IT stocks after comments from several market experts stoked fears of expensive valuations of artifical intelligence-related companies.   

Index heavyweight Bharti Airtel raced to the top among Nifty 50 constituents after S&P Global Ratings upgraded the company's long-term issuer credit rating to 'BBB' from 'BBB-' on the back of strong earnings growth expectations. The rating agency gave a positive outlook for the company, with a view of continued deleveraging over the next 12–24 months. Shares of Axis Bank rose more than 1% and those of index heavyweight Reliance Industries managed to claw their way back into the green after trading lower in the first half of the trading session.

Most sectoral indices were in the red, led by declines in Nifty Metal and Nifty Realty indices, which were down around 1% each. Shares of metal companies Tata Steel, JSW Steel, and Hindustan Zinc were down 1-2%. Sentiment towards steel companies soured after news reports said the government was planning to suspend quality control orders on 55 steel grades.

Among the Nifty 200 constituents, shares of Steel Autority of India fell more than 2%. The Supreme Court of India Tuesday recalled its May verdict that had restrained the central government from granting retrospective environmental clearance to mining and other development projects after allowing review petitions by the company, the Confederation of Real Estate Developers of India, and industry. Shares of Kaynes Technology fell nearly 5% and the stock was the worst performing constituent of the Nifty 500 index.  (Eshitva Prakash)

Equity Alert: Mkt slightly off lows; realty, metal cos under selling pressure

MUMBAI--1221 IST--Benchmark equity indices came slightly off lows and the Nifty 50 failed to hold 26000 points and fell as soon as it opened. Analysts had said that it is crucial for the 50-stock index to sustain these levels to see further upside. Investors sold shares of metal and realty companies.  
 

At 1221 IST, Nifty 50 was at 25954.80 points, down 58.65 points or 0.2%. The BSE Sensex was at 84811.65 points, down 139.30 points or 0.2%. Information technology stocks weighed on the indices, preventing any further rise. Among the three main heavyweights, Reliance Industries recovered from the day's losses, while HDFC Bank traded flat and ICICI Bank was slightly down.

Nifty 50 information technology companies Tata Consultancy Services, Tech Mahindra and Wipro were down 0.9-1.5%. Globally, sentiment around information technology and artificial intelligence companies is negative after investors flagged concerns on elevated valuations of these stocks.    

Metal stocks continued to be under selling pressure since open. Shares Of Hindustan Copper, Hindustan Zinc, Steel Authority Of India fell over 2% each. Only three stocks – Welspun Corp, Jindal Stainless, and Lloyd Metals and Energy – traded with gains among the Nifty Metal constituents. 

Shars of government-owned banks were choppy, oscillating between gains and losses. These stocks had risen sharply Monday following news that the finance ministry is strategising the next round of mergers among public sector banks. Indian Bank, Union Bank Of India, and Punjab National Bank fell 0.5% each.

Pharmaceutical companies Aurbindo Pharma and Abott India were up nearly 0.4% despite the broad sectoral weakness. This was after news that the government is close to finalising a minimum support price for select critical pharmaceutical inputs which is favourable to domestic manufacturers with relevant capabilities such as Aurbindo Pharma and Abott India.  (Akshat Saksena)

Equity Alert: Physicswallah lists at INR 145, 33% premium to issue price

MUMBAI--1105 IST--Shares of Physicswallah Tuesday listed at INR 145 on the National Stock Exchange, at a premium of 33% to its issue price of INR 109. After listing, the stock rose 48% to a high of INR 161.99 and at 1128 IST, shares of the company were up a little over 39% at INR 151.37. About 152.92 million shares of the company have changed hands on the exchange so far in the day. 

Physicswallah is an online education platform that provides preparation courses for competitive examinations and other courses delivered through online channels, technology-enabled office centres, and hybrid centres. The company plans to use proceeds of INR 31 billion from its fresh issue for marketing, lease payments of existing identified offline and hybrid centres, and for fit-outs at new offline and hybrid centres. The company will also use the proceeds for investment in subsidiary companies, expenditure towards server and cloud related infrastructure, funding inorganic growth through acquisitions, and for general corporate purposes.

The company also raised INR 3.8 billion through an offer for sale. Physicswallah had reported a consolidated net loss of INR 1.27 billion in the June quarter on a revenue of INR 8.47 billion.  (Eshitva Prakash)

Equity Alert: Emmvee Photovoltaic lists at issue price of INR 217 

MUMBAI--1030 IST--Emmvee Photovoltaic listed at INR 217 on the National Stock Exchange, same as issue price. At 1027 IST, the stock traded over 1% higher at INR 219.75 and more than 14 million shares of the company changed hands on the bourse so far.

The initial public offering, which ended Thursday, was subscribed 97% with the company receiving bids for 75.04 million shares against 77.43 million shares on offer. Ahead of the public offer, the company had raised INR 13.05 billion by issuing 60.14 million shares to anchor investors at INR 217 apiece. The public offer comprised a fresh issue of shares worth up to INR 21.44 billion and an offer-for-sale of shares worth up to INR 7.56 billion.

Emmvee Photovoltaic Power is a pure-play integrated solar photovoltaic module and solar cell manufacturing company. The company's product portfolio comprises bifacial and monofacial formats of tunnel-oxide-passivated contact modules and cells and bifacial and monofacial formats of mono-passivated emitter and rear contact modules. For the June quarter, the company reported a net profit of INR 1.88 billion on a revenue of INR 10.28 billion.  (Arundathi A R)

Equity Alert: Indices open lower on weak global cues; metal stocks fall

MUMBAI--1004 IST--Domestic benchmark equity indices opened lower Tuesday tracking negative cues from the global market. Equity indices in Asia were lower in early trade Tuesday, tracking overnight losses on the Wall Street. Most of the large-cap stocks opened in the red, weighing down on the indices. Analysts expect indices to be volatile throughout the session on the back of expiry of weekly derivatives contracts of Nifty 50.

At 1005 IST, the Nifty 50 was at 25908.60 points, down 104.85 points or 0.4%. Only 10 Nifty 50 constituents traded higher. HDFC Bank, Reliance Industries, and ICICI Bank dragged down the 50-stock index. The BSE Sensex was at 84643.09 points, down 307.86 points or 0.4%. The Nifty 50 is likely to find support at 25900-25830 points and face resistance at 26075-26100 points, Vipin Kumar, assistant vice president of derivatives and technical research at Globe Capital Market, said. Broader market inidces came under selling pressure, down 0.4-0.8%. Almost all sectoral indices were down. 

Metal stocks fell in early trade, with Tata Steel and Hindalco Industries falling around 2% each. The sentiment around steel companies was hit following news reports about the government planning to suspend quality control orders on 55 steel grades. The Nifty Metal was among the worst-hit sectoral index and was down 1.2%.  

Investors sold shares of private banks and some state-owned banks in early trade. Both the Nifty PSU Bank and the Nifty Bank had hit all-time highs. The sentiment around the sector had turned positive as the Street expected their net interest margins to improve substantially in the coming quarters.  (Arundathi A R)

Equity Alert: Indices seen down at open; volatility likely on weekly expiry

MUMBAI--0820 IST--Analysts expect benchmark equity indices to open slightly lower Tuesday, taking cues from weakness in global markets. Technical experts anticipate heightened volatility due to the expiry of weekly Nifty derivative contracts. While some expect these indices to consolidate in the upcoming few sessions, others believe the indices may continue their upward trend. However, analysts said that the market sentiment continues to be bullish. 

On Monday, the Nifty 50 closed at 26013.45 points, up 103.40 points or 0.4%, managing to close above 26000 points for the first time in nearly three weeks. The BSE Sensex closed at 84950.95 points, rising 388.17 points or 0.5%. Broader market indices outperformed the benchmarks. The Nifty PSU Bank and the Nifty Bank hit record highs during Monday's session.

Foreign investors turned net buyers in the Indian stock market and bought shares worth INR 4.42 billion Monday. They turned buyers after offloading Indian shares for multiple sessions recently. Domestic investors continued to be net buyers and purchased stocks worth INR 14.65 billion Monday.

The November contract of the GIFT Nifty indicated that indices may open marginally lower Tuesday. At 0821 IST, the contract was at 25992 points, down 24 points or 0.1% from its previous close.

Broadly, strategy reports from various brokerages indicate that India is in a position to see growth on the back of strong macroeconomic factors, including policy measures, income tax cuts, lower goods and services tax rate, ample reservoir levels, comfortable liquidity in the banking system, and soft crude oil prices. The reports also said there would be a robust recovery in earnings during Oct-Mar. 

On the global front, US indices ended Monday' session down, dragged lower by a decline in shares of several technology companies, especially Nvidia Corp. Nvidia fell around 2% ahead of the company's September quarter results, which are due late Wednesday. Traders await the release of September non-farm payrolls data, which was delayed due to the shutdown of the US government. Sentiment was soured by a decline in expectations of an interest rate cut in the December meeting. Asian markets were all down in early trade, taking cues from the movement in the US. Japanese indices fell the most amid strained geopolitical ties with China.  (Gopika Balasubramanium)

Equity Alert: Equity markets in Asia fall tracking losses on Wall Street

MUMBAI--0815 IST--Equity indices in Asia were lower in early trade Tuesday, tracking overnight losses on Wall Street. Japan's benchmark Nikkei 225 and South Korea's KOSPI were early laggards and dropped nearly 2% each. The US equity market slumped over persistent concerns of elevated valuations of artificial intelligence-related companies and uncertainty regarding the US Federal Reserve's interest rate trajectory going forward.

South Korea's Hanmi Semiconductor fell nearly 5% in early trade and dynamic random-access memory chipmaker SK Hynix declined 4.4%. Shares of information communication technology service provider SK Square fell more than 3%.

Japan's Nikkei 225 index also fell and was down for the third consecutive session. China's blue-chip CSI 300 was largely flat. Similarly, Hong Kong's Hang Seng index, which also saw its third straight day of decline, fell a little over 1% as technology heavyweights led the retreat.

Online games provider NetEase fell more than 1% and short-video-sharing platform Kuaishou Technology fell 1.3%. Electric-vehicle maker Li Auto fell 2.5% and its peer BYD fell 1.5%. Shares of aluminium producer China Hongqiao Group fell 5% after it announced a share placement offer of up to 400 million shares, South China Morning Post reported. 

Traders await the earnings report from chipmaker giant Nvidia Corp. to gauge the demand for AI-related products amid concerns of elevated valuations of technology, and specifically, AI-related stocks. Traders will also focus on September US non-farms payroll data, due to be released Thursday. The reading is important for the US Federal Reserve to determine its interest rate trajectory. The current Fed fund futures bets imply a 43% chance of a 25-basis point interest rate cut in December, according to the CME Fedwatch tool. Cautious comments of US Fed officials over cutting interest rates amid high inflation and a healthy labour market have led to a decline in rate cut bets, which stood at 94% a month ago.   

Following were the levels of key Asian indices at 0817 IST:

(Eshitva Prakash)

Equity Alert: US indices end dn; tech stocks falter ahead of Nvidia earnings

MUMBAI--0740 IST--Equity indices in the US closed sharply lower Monday as a decline in shares of several technology companies, including those of index heavyweight Nvidia Corp., weighed on the market. Traders await the release of September non-farm payrolls data, which was delayed amid a data blackout caused by the US government shutdown.

Shares of Nvidia fell almost 2% ahead of the company's September quarter results, due to be released late Wednesday. Traders will keenly monitor the chip giant's earnings amid concerns of stretched valuations of artificial intelligence companies, which have been a source of major trader concern recently in the US equity market. "It'll be, on one hand, important for Nvidia to confirm that demand is still there, that they're not seeing a slowdown... But unless they take it a step further, I think it's only going to leave the second question more open-ended, which is, ‘We know there's demand for compute, (so) what is the (return on investment) for the firms that are buying all of these chips? If they offer any even slightly muted guidance or forecast for demand for their chips, the market would take that poorly," CNBC quoted Baird investment strategist Ross Mayfield as saying.

Shares of private credit lended Blue Owl Capital fell almost 6% amid concerns about its heavy lending related to the AI datacentre buildout, CNBC reported. Shares of Dell Technologies slumped over 8% after they were reduced to 'underweight' from 'overweight' by Morgan Stanley. Meanwhile, shares of Quantum Computing Inc. rose nearly 9% after beating September quarter earnings estimates. Shares of Google's parent company Alphabet rose a little over 3% after Berkshire Hathaway revealed a stake of $4.3 billion in the company.

Shares of Lithium miner company Albemarle Corp. rose a little over 2% as lithium prices rose sharply after one of China's major suppliers delivered a bullish forecast for the battery material, Bloomberg reported.

Traders will focus on Thursday's September non-farm payrolls data, which was delayed due to the US government shutdown. Fed fund futures traders have been reducing their expectations that the US Fed will lower its benchmark overnight borrowing rate by 25 basis points at its December meeting. There is 43% chance of a rate cut, down substantially from the 94% probability priced in a month ago, according to the CME FedWatch tool.

Following are the closing levels of US indices Monday :

(Eshitva Prakash)

End

US$1 = INR 88.60

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

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.