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Informist, Tuesday, Dec. 2, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices open tad lower; losses in HDFC Bank, ICICI Bank weigh

 

MUMBAI--0945 IST--Domestic benchmark indices opened slightly lower Tuesday after failing to hold on to the record highs they had hit Monday. The 50-stock index was dragged down by losses in index heavyweights ICICI Bank, HDFC Bank, and Reliance Industries, which more than offset the near 1% gain in other heavyweights Bharti Airtel and Infosys. 

 

At 0944 IST, the Nifty 50 was at 26081.10 points, down 94.65 points or 0.4%. The BSE Sensex was at 85305.84 points, down 336.06 points or 0.4%. On Monday, both the Nifty 50 and the Sensex hit fresh record highs of 26325.80 points and 85986.71 points, respectively, but failed to maintain these levels and then moved in a tight range for the rest of the day and ended lower over Friday. 

 

Broader markets were mixed, with small-cap indices falling 0.2-0.3% as against the 0.2-0.3% rise seen in their mid-cap peers. A similar trend was seen among sectoral indices, with the Nifty PSU Bank, Nifty Oil & Gas, and Nifty IT leading gains, up 0.3-1.3%, while the Nifty Media and Nifty Financial Services were the top losers, falling 0.7?ch.

 

The Nifty Auto index pared some of its early gains and traded 0.1% higher. The sectoral index had hit a fresh record high of 28099.65 points soon after opening, buoyed by strong monthly sales, boosted by the cut in the Goods and Services Tax rates, benign inflation, and robust wedding season demand. 

 

Shares of Vodafone Idea rose over 3% and were the top gainers in the Nifty 200 index. Shares of the company rose after telecommunications minister Jyotiraditya Scindia Monday indicated that the government might soon decide on the company's plea for relief from the additional adjusted gross revenue dues, according to a report by CNBC-TV18. The government holds around 49% in the debt-laden telecom company. Shares of Bajaj Housing Finance fell nearly 9% and were the worst hit in both the Nifty 200 and Nifty 500 indices after the company Monday said its promoter Bajaj Finance was planning to sell up to 2% stake in the company to meet minimum public shareholding norms. (Arya S. Biju)

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Equity Alert: Indices in Asia open higher; KOSPI up 2% on rise in auto shrs

 

MUMBAI--0835 IST--Barring mainland China, all other indices in Asia were higher in early trade Tuesday. South Korea's KOSPI led the pack of indices in the region on the back of a rise in shares of automobile companies after the US Secretary of Commerce Howard Lutnick confirmed that 15% lower US tariffs on South Korea will come into effect retroactively from Nov. 1.

 

South Korea's KOSPI advanced almost 2%. Shares of carmaker Hyundai Motor Co. were up over 4% and those of Kia Corp. gained 3%. US Commerce Secretary Howard Lutnick Monday confirmed that the general tariff rate on imports from South Korea, including on autos, would drop to 15?fective Nov. 1 because South Korea has introduced legislation in parliament to implement the country's strategic US investment commitments, Reuters reported. The US previously levied a 25% tariff on imports from South Korea. "We are also removing tariffs on airplane parts and will 'un-stack' Korea's reciprocal rate to match Japan and the EU," CNBC quoted as Lutnick as saying.

 

Inflation in South Korea ran slightly hotter-than-expected. Headline inflation in November was 2.4% year on year, according to government data on Tuesday, compared to 2.35% expected in a Reuters poll, CNBC reported. 

 

Financials, energy, and basic materials sectors drove the gains in Japan's benchmark indices. Mitsubishi Corp. was up nearly 1%. Japan-based robotics maker Fanuc Corp. was up nearly 8%. Diesel particulate filters manufacturer NGK Insulators rose almost 6%, and electrical equipment company Fujikura rose over 2%. The yield on the 10-year Japanese government bond rose to 1.88%, the highest since June 2008, amid growing speculation of an interest rate hike by Bank of Japan in the near term.

 

Following were the levels of key Asian indices at 0806 IST:

 

Index	Level	Change in %
CSI 300 Index	4572.23	(-)0.09
Hang Seng Index	26234.81	0.77
Nikkei 225 Day	49531.07	0.46
TOPIX FIRST SECTION	3346.6	0.25
KOSPI	3979.56	1.51
FTSE Singapore Strait Times	4533.86	0.17
S&P/ASX 200 Index	8590.1	0.29

 

(Arundathi A R)

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Equity Alert: Domestic indices expected to open lower, move in thin range

 

MUMBAI--0827 IST--India's equity indices are likely to open a tad lower on Tuesday and move in a thin range, after the recent record highs. The Indian rupee hitting a record low weighed on investor sentiment, especially amid expectations of foreign inflows to Indian market in the near term. However, analysts are positive that as long as there is a recovery in corporate earnings growth, the downside in indices would be limited. 

 

Some analysts expect investors to book profits in the coming sessions, while others said every dip was a buying opportunity. Analysts also said the volatility in the indices due to the expiry of weekly derivatives contracts would be relatively lower as it is the first week of the December series. 

 

The Nifty 50 is expected to open on a negative note and is likely to move within 26000-26400 points, Mandar Bhojane, senior research analyst at Chola Securities, said. The 50-stock index is likely to face strong resistance near 26,300, while strong support is seen around 26000 points, he added. 

 

At 0756 IST, the December contract of the GIFT Nifty was at 26320.50 points, down 25.5 points or 0.1%. On Monday, the Nifty 50 closed at 26175.75 points, down 27.20 points or 0.1%, after rising to a record high of 26325.80 points when the market had opened. The BSE Sensex closed the day at 85641.90 points, down 64.77 points or 0.1%.

 

On Monday, foreign investors were net sellers of Indian equities and sold shares worth around INR 11.71 billion. Domestic investors continued to be net buyers and bought stocks worth INR 25.58 billion.

 

Overnight in the US, benchmark indices closed slightly lower amid a rise in treasury yields and economic data showing tariffs continued to be a drag on the manufacturing sector. Investors await a delayed report of the Personal Consumption Expenditures Price Index for September, which is the US Federal Reserve's preferred inflation gauge, due later this week. This comes ahead of the US Fed's meeting scheduled next week. Most indices in Asia were up in early trade. (Gopika Balasubramanium)

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Equity Alert: US indices fall post 5-day winning run; utility, energy cos down

MUMBAI--0746 IST--Benchmark equity indices in the US ended lower Monday, snapping a five-day winning streak. US Treasury yields rose as traders anticipated slightly faster economic growth, aided by higher chances of the US Federal Reserve lowering interest rates at the central bank's policy meeting next week. Utilities, healthcare, and industrial stocks closed lower and cryptocurrency-related stocks slumped after Bitcoin fell 6% to trade below $86,000, exerting pressure on the stock market.  

American utility company First Solar and Exelon Corp. closed over 3% lower. Duke Energy Corp. ended nearly 3% lower. Healthcare major Pfizer was down nearly 2%. FedEx Corp., an industrial company in the region, closed nearly 1% lower.

 

Among cryptocurrency stocks, shares of Coinbase fell 5% and those of Strategy closed over 3% lower. On Monday, Bitcoin slid 6%, marking its worst day since March. Digital currency Bitcoin late last month fell below $90,000 for the first time since April and has since struggled to stay above that mark, CNBC reported. "Today's drop could be a combination of a deleveraging from crypto and risk assets tied to the facts that the rate cuts are priced and people are taking some profits," Reuters reported Wasif Latif, chief investment officer at Samarya Partners, as saying. 

 

Among artificial intelligence-related companies, Broadcom and Super Micro Computer lost 4% and 1%, respectively. Meanwhile, Synopsys closed almost 5% higher after AI chip company Nvidia said it had invested $2 billion in the semiconductor design software provider.

 

The US 10-year Treasury note yield was up around 7 basis points at 4.096% following weakness in Japanese and European government bonds in the wake of comments by Bank of Japan Governor Kazuo Ueda, who signalled that conditions were aligning for a possible rate hike, Reuters reported. Higher chances of an interest rate cut and consequently, faster economic growth, also pushed yields higher.

 

Market participants await the delayed September report on the Personal Consumption Expenditures Price Index, which is the Fed's preferred inflation gauge, on Friday. Traders are now pricing in a nearly 88% probability that the apex bank will cut key rates by a quarter percentage point at its policy meeting in December, according to the CME FedWatch tool. Chances of an interest rate cut have risen considerably from a month ago owing to dovish commentary by Fed officials and weaker-than-expected consumer data from the US. 

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6812.63	(-)0.53
NASDAQ Composite	23275.92	(-)0.38
Dow Jones Industrial Average	47289.33	(-)0.9

 

(Arundathi A R)

 

End

 

US$1 = INR 89.78

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

 

Edited by Avishek Dutta

 

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