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Informist, Wednesday, Nov. 19, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Indices open lower for second day; IT stocks gain

MUMBAI--1010 IST--Benchmark equity indices opened lower for the second straight session Wednesday dragged down by banking and financial services stocks. Analysts expect the indices to be under selling pressure in the near term, especially after the recent rally. Investors primarily bought shares of information technology companies.

At 0951 IST, the Nifty 50 was at 25885.85 points, down 24.20 points, or 0.1%. The BSE Sensex was at 84633.86 points, down 39.16 points, or 0.1%. Broader market indices were mixed on Wednesday. Mid-cap indices gained while their small-cap peers fell. Among sectoral indices, Nifty Media fell the most while the Nifty IT gained the most. 

While there is a sell-off of technology stocks across equity markets globally, in India, shares of IT companies traded higher in early trade. Infosys, HCL Technologies, Tata Consultancy Services, and Tech Mahindra were over 1-2% higher. The Nifty IT was up nearly 2%. Infosys had informed exchanges on Tuesday that it will do a buyback of up to 100 million shares for INR 180 billion.  

Among Nifty 50 constituents, Tata Motors Passengers Vehicles fell the most and was down 1%. The stock was down for the seventh straight session, losing nearly 10% during this period. 

Shares of Waaree Energies fell 3% in early trade after the company said officials from income tax department visited some of its offices and manufacturing facilities in India. The stock is down for the third straight session. Among Nifty 500 stocks, KEC International fell the most. The stock fell over 6% after the company said Power Grid Corp. of India barred it from participating in new tenders floated by the latter. KEC International is considering to go to the court against Power Grid for the same. (Arundathi A R)

Equity Alert: Indices seen flat at open, selling pressure likely to continue

MUMBAI--0834 IST--India's headline equity indices will likely open flat on Wednesday and move in a thin range during the session. However, analysts expect the overall sentiment in the market to remain positive, even as indices may see some amount of selling pressure, especially after the six-session rally that lasted till Monday. 

"Market is expected to open flat...," Ashish Sherigar, a technical analyst at NVS Brokerage, said. "A close above 26050 points shall take the market towards a new all-time high. However, a pullback towards 25750-25650 is also possible."

The Nifty 50 closed Tuesday's session at 25910.05 points, down 103.40 points or 0.4%. The 50-stock index had touched an intraday high of 26029.85 points but failed to stay above that level due to selling pressure. The BSE Sensex closed at 84673.02, down 277.93 or 0.3%. The market was volatile throughout Tuesday's session and analysts had attributed it to the expiry of weekly contracts of the Nifty derivatives. 

The November contract of the GIFT Nifty indicated that indices will likely open slightly higher Wednesday. At 0753 IST, the contract was at 25950 points, down 8.50 points from its previous close but 40 points higher from Nifty 50's previous close.

Foreign investors turned net sellers in the Indian equity market and offloaded shares worth INR 7.29 billion on Tuesday. Domestic investors continued to be net buyers and purchased stocks worth INR 61.57 billion.

In the US, indices closed lower Tuesday as the sell-off in technology stocks continued. Investors sold technology-related stocks due to concerns over the elevated valuation of artificial intelligence-related companies. Now, investors await the September quarter earnings of technology giant Nvidia Corp. to provide insights on global demand for AI. In Asia, all the indices were higher in early trade, with Japenese indices leading the gains in the region. (Gopika Balasubramnanium)

Equity Alert: Indices in Asia rebound from losses; Nikkei leads gains

MUMBAI--0810 IST--Equity indices in Asia reversed early losses and were higher on Wednesday. Japan's Nikkei 225 index led the gains in the region and snapped a three-day losing streak. Technology-related stocks in the region slid initially, tracking losses on Wall Street amid a sell-off in artificial-intelligence-related companies as concerns about skyrocketing valuations of AI companies weighed on equity markets globally.

Hong Kong's Hang Seng index rose marginally and China's CSI 300 was up 0.4%. Shares of Zijin Mining Group rose nearly 3% and Foxconn Industrial Internet rose around 2%. Hong Kong-listed shares of Chinese technology company Xiaomi fell 3% after the company Tuesday warned of higher smartphone prices in 2026 due to rising costs of memory chips to meet AI demand.

South Korea's Kospi was up marginally after declining in early trade. Shares of index heavyweights Samsung Electronics and SK Hynix, which had fallen more than 2% each, recovered earlier losses and were only marginally lower. Shares of Korea Zinc rose more than 5% and those of shipping company HMM advanced 2.5%.

The Nikkei 225 index was up 0.6% in early trading. Shares of NH Foods rose nearly 2% while those of Advantest, a semiconductor testing equipment maker, which fell more than 4% earlier, were off lows. Shares of its peer firm Renesas Electronics plummeted 4%.

Traders await the quarterly earnings of Nvidia Corp., which is expected to beat Wall Street expectations. However, the company has seen a sharp decline amid concerns that this stock may be overvalued due to optimism surrounding AI stocks in the recent past. "The question isn't really whether we're in a bubble," Sonu Varghese of the Carson Group, was quoted as saying by Bloomberg. "The real question is how long the current trend in AI spending will last and how bad the fallout will be when it ends."
 

Following were the levels of key Asian indices at 0807 IST:

(Eshitva Prakash)

Equity Alert: US indices end lower Tue as tech-related stocks fall again

MUMBAI--0733 IST--Equity indices in the US closed lower Tuesday as technology-related stocks continued to face selling pressure amid concerns about overvaluation of artificial-intelligence-related companies. The S&P 500 and the Dow Jones Industrial Average indices fell for the fourth consecutive session. Traders await the September quarter earnings of technology industry bellwether Nvidia Corp. to provide cues on global demand for AI.

While traders expect the largest company in the broad-market index to beat Wall Street expectations when it releases its earnings later in the day, there are concerns that AI-related optimism in the recent past has inflated the valuation of Nvidia. AI company Anthropic Tuesday said it would invest $30 billion in Microsoft and, in turn, receive investments from Microsoft and Nvidia. Unlike the recent past when AI partnership-related news would drive shares of the "magnificent seven" higher, stocks of Nvidia and Microsoft still ended 3% lower each on the Nasdaq Composite index. Shares of Amazon.com slumped more than 4% and Tesla fell nearly 2%. 

"We could see an 8% (or) 9% decline (in S&P 500) when all is said done," Sam Stovall, CFRA's chief investment strategist, was quoted as saying by CNBC. "It might even end up concluding sooner if we get the kind of earnings that our analyst is expecting for Nvidia, and if we get employment data that is weak but not pointing to recession."

Shares of Home Depot fell 6% after the home improvement chain gave a disappointing forecast for full-year profit, missing quarterly earnings estimates. However, not including Home Depot, earnings for the September quarter have been stronger than expected. Year-on-year earnings growth for the S&P 500 is now at 16.9%, well above the 8.8% estimated at the start of October, Reuters reported, citing LSEG data.

"You're having this massive sentiment correction during a period where earnings is delivering maybe above bull expectations, and, yet, there's so much fear circulating in the market," Marta Norton, chief investment strategist at retirement and wealth services provider Empower, was quoted as saying by Reuters.

Traders also await the September US jobs report, which is due to be released Thursday after being delayed because of the US government shutdown. Private market surveys have pointed to a cooling labour market. The reading is expected to provide cues regarding the monetary policy trajectory that the US Federal Reserve will adopt at its December meeting. Currently, expectations of Fed fund futures traders are evenly split, with one half predicting a 25-basis point benchmark rate cut and the other half expecting the apex bank to hold its overnight lending rates steady, data from CME Fedwatch tool showed. 

"The stock market has started to doubt the Fed's ability to cut rates in December. So, should Thursday's jobs report come in weaker than expected, it may clear the path for the Fed to cut in December and fuel the Santa Claus rally we anticipate, which could push the S&P 500 to 7,100 by year-end," James Demmert, Main Street Research, was quoted as saying by Bloomberg.

Following are the closing levels of US indices Tuesday:

(Eshitva Prakash)

End

US$1 = INR 88.45

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

Edited by Deepshikha Bhardwaj

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