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Informist, Thursday, Nov. 20, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Adani Ent up 2%; Jaiprakash Associates creditors OK takeover

 

MUMBAI--1140 IST--Shares of Adani Enterprises rose nearly 2% to an intraday high of INR 2,478.90 after Jaiprakash Associates' committee of creditors approved the company's proposed resolution plan. Later, it came slightly off highs and at 1133 IST the stock traded nearly 1% higher at INR 2,453.

 

Adani Enterprises had won the bid over Vedanta group, Dalmia Bharat, and Jindal Power. The creditors, which were mostly Indian banks, picked Adani Enterprises' INR 135 billion proposal over Vedanta group's bid of INR 170 billion because the former's offer included larger upfront payments which stakeholders preferred, according to a Reuters report. The bid placed by Vedanta group entailed a five-year payment plan, longer than the 1.5- to 2-year payment plan proposed by Adani Enterprises, the report added. Shares of Vedanta were largely flat at INR 513.10 per share and those of Dalmia Bharat were down slightly at INR 2,008.30 per share.

 

Shares of Jaiprakash Power Ventures, where Jaiprakash Associates holds 24% stake, also rose. At 1139 IST, shares of Jaiprakash Power were up over 7% to INR 21.76 per share. The stock touched its highest level in over three months of INR 22.79 earlier in the session.  (Akshat Saksena)

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Equity Alert: Indices open higher tracking overnight gains on Wall Street

 

MUMBAI--1000 IST--Domestic benchmark equity indices opened higher Thursday, tracking overnight gains on the Wall Street, owing to higher-than-expected third quarter earnings of chipmaker Nvidia Corp. All Asian indices were also higher in early trade. The Nifty 50 opened higher, sustaining above the psychologically important 26000 points. 

At 1004 IST, the Nifty 50 was at 26080.05 points, up 27.40 points, or 0.1%. Gains in index heavyweight Reliance Industries also helped the Nifty 50 to gain more. The BSE Sensex was at 85262.15 points, up 75.68 points, or 0.1%. All broader market indices opened higher, with the Nifty Smallcap 50 up 0.5%. Among sectoral indices, the Nifty IT gained the most while the Nifty Realty fell.

 

Adani Enterprises was up a little over 1?ter the company received a letter of intent from Jaiprakash Associates' committee of creditors for a takeover. The stock was among the top gainers on the Nifty 50. Reliance Industries gained over 1%. The company's subsidiary Reliance Consumer Products on Wednesday said it has entered into the pet-care market to sell products under 'Waggies' brand.  

 

Information technology stocks were choppy as soon as trading session began, however they inched slightly higher soon. Globally, the sentiment around the sector improved after chip giant Nvidia's upbeat quarterly earnings and strong sales forecast for the next quarter. Oracle Financial Services Software, Persistent Systems, and Tech Mahindra were up 1-2%. (Arundathi A R)

 

 

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Equity Alert: Indices likely to open higher tracking positive global cues

 

MUMBAI--0820 IST--Indian equity indices are likely to open a tad higher, tracking overnight gains from the US market and mirroring its Asian peers, which rose in early trade. Some analysts anticipate the indices to stay range-bound in the near term due to lack of fresh triggers. Others, however, expect the indices to rise further, especially if the Nifty 50 can hold the 26000 points going forward and cross 26100 points. 

 

Technical analysts said the overall sentiment is positive, even if there is a slight fall which would largely be due to profit-booking. Some expect the Nifty 50 to hit an all-time high soon. The 50-stock index had hit a record high of 26277.35 points September last year. 

 

"The (Nifty 50) index is expected to open positive and may consolidate within the 25,900–26,300 range," Mandar Bhojane, senior research analyst at Chola Securities, said. "Intraday resistance is likely near 26,300, while strong support remains around 25,900 levels, keeping the overall bias sideways to bullish," he said.

The November contract of the GIFT Nifty indicated that indices will likely open higher Thursday. At 0753 IST, the contract was at 26138.50 points, up 67 points from its previous close. The index's spot was around 86 points higher than the Nifty 50's Wednesday's close. The Nifty 50 closed at 26052.65 points, rising 142.60 points or 0.6%, Wednesday. The BSE Sensex closed at 85186.47 points, up 513.45 points or 0.6%. 

 

Foreign investors turned net buyers in the Indian stock market and purchased shares worth INR 15.81 billion Wednesday. Domestic investors continued to be net buyers and bought stocks worth INR 13.60 billion.

 

Overnight, in the US, the three benchmark indices closed slightly higher after a choppy session. These indices came under selling pressure on aggressive sell-off of shares of artificial intelligence-based companies as concerns on overvaluation of these mounted among investors. However, the better-than-expected earnings of Nvidia Corp., the Street's AI bellwhether, allayed the fears of slowdown in AI demand. The Jensen Huang-led company also forecast higher than expected guidance for the fourth quarter. In Asia, all the indices were sharply higher in early trade, mainly led by surge in seminconductor companies. Japan's Nikkei 225 and Topix and South Korea's KOSPI were the top gainers and were over 2-3% higher.  (Gopika Balasubramanium)

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Equity Alert: Indices in Asia rise; chip stocks surge after Nvidia earnings

 

MUMBAI--0816 IST--Almost all major equity indices in Asia rose sharply in early trade Thursday on the back of a surge in shares of chipmaker companies after artificial intelligence industry leader Nvidia posted stronger-than-expected earnings for the third quarter. The company's bullish forecast for the January quarter soothed traders' worries about a bubble in the US market due to stretched valuations of AI stocks.

 

Shares of Nvidia Corp. jumped 5% in extended trading after its earnings beat top line and bottom line expectations. The company's CEO Jensen Huang shrugged off AI-bubble related concerns and said that demand for the company's current-generation Blackwell chips was "off the charts."

 

Japan's benchmark Nikkei 225 index led the gainers in the region and was up more than 3%, rebounding from four consecutive sessions of declines. The broader Topix rose 2%. Shares of technology investor SoftBank were off highs but still held on to over 3% gains in early trade. Semiconductor equipment maker Tokyo Electron soared 6% and Lasertec added nearly 5%. Shares of chipmaker Renesas Electron traded nearly 3% higher.

 

South Korea's Kospi rose 2.7%. Market optimism around Nvidia earnings boosted shares of memory chipmakers SK Hynix and Samsung Electronics, which rose more than 4?ch.

 

Indices in Hong Kong swung between gains and losses in early trade, while mainland China's CSI 300 index had limited gains. Shares of semiconductor company SMIC and search-engine giant Baidu were up in early trade. Both A and H shares of China International Capital Corp., which is the nation's top investment bank, were halted from trading after it proposed a merger with brokerage firms Cinda Securities and Dongxing Securities to support China's financial market reform, South China Morning Post reported.

 

Traders are awaiting the release of September's US jobs report later in the day. The reading will provide hints on the US Federal Reserve monetary policy trajectory going forward.

 

Following were the levels of key Asian indices at 0812 IST:

 

Index	Level	Change in %
CSI 300 Index	4595.80	0.16
Hang Seng Index	25829.05	(-)0.01
Nikkei 225 Day	50081.96	3.18
TOPIX FIRST SECTION	3310.86	2.01
KOSPI	4030.44	2.57
FTSE Singapore Strait Times	4517.02	0.26
S&P/ASX 200 Index	8539.50	1.08

 

(Eshitva Prakash)

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Equity Alert: US mkt ends higher Wed; Nvidia shares surge in extended trading

MUMBAI--0740 IST--Equity indices in the US closed higher on Wednesday after a choppy session. US stock futures rose after artificial intelligence industry bellwether Nvidia Corp.'s October quarter earnings beat estimates and it maintained a strong sales forecast for the next quarter. The world's most valuable company released its earnings after market hours. Nvidia's earnings soothed jitters surrounding skyrocketing valuations of AI-related stocks.

 

Shares of Nvidia gained almost 3% before the company released its quarterly earnings. The company's stock jumped more than 5% in extended trading after it comfortably beat market estimates. Its revenue forecast for the January quarter was also above Wall Street's estimates. Shares of other AI-related companies such as Advanced Micro Devices, Alphabet, and Palantir Technologies rose 2-4?ter the session ended.

 

"There's been a lot of talk about an AI bubble. From our vantage point, we see something very different... We're everywhere, from cloud to on-premise to robotic systems, edge devices, PCs, you name it. One architecture. Things just work. It's incredible," Nvidia CEO Jensen Huang said in a call with analysts, reitrating a forecast from last month that the company had $500 billion in bookings for its advanced chips through 2026, Reuters reported.

 

The E-mini Nasdaq-100 Futures rose nearly 2% and the E-mini Dow Futures rose 0.5%. Shares of Alphabet rose nearly 3% and hit a fresh all-time high on the back of trader enthusiasm around the company's new generation of AI, Gemini 3, which was launched on Tuesday. 

 

Indices pared gains after minutes of the US Federal Reserve's October meeting showed that Fed officials were split over whether a slowing labour market or inflation was a bigger threat to the US economy. Fed fund futures traders are pricing in a 33% likelihood that the apex bank will cut its benchmark interest rates by 25 basis points at the December meeting. A month ago, the probability of a reduction by the same amount was 94%, according to data from the CME Fedwatch tool.

 

Shares of Target fell nearly 3?ter the company reported a bigger than expected drop in quarterly sales and those of Walmart fell 1?fore the company's earnings report later in the day.

 

Traders await the release of September non-farm payrolls data later in the day, which has been delayed by the US government shutdown. The US Bureau of Labor Statistics said it would not publish the October employment report and would combine non-farm payrolls for that month with November's report.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6642.16	0.38
NASDAQ Composite	22564.23	0.59
Dow Jones Industrial Average	46138.77	0.1

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.69

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

 

Edited by Deepshikha Bhardwaj

 

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