Equity Alert
Indices largely flat; losses in HDFC Bank, ICICI Bank weigh
This story was originally published at 14:16 IST on 4 December 2025
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Equity Alert: Indices largely flat; losses in HDFC Bank, ICICI Bank weigh
MUMBAI--1405 IST--Benchmark indices traded largely flat, erasing some of the intraday gains. Losses in index heavyweights HDFC Bank, ICICI Bank, and Bharti Airtel limited the gains in the 50-stock index. Investors remained cautious ahead of the outcome of the ongoing three-day monetary policy meeting of the Reserve Bank of India, due on Friday.
At 1402 IST, the Nifty 50 was at 25980.90 points, down 5.10 points. The BSE Sensex was at 85065.45 points, down 41.36 points or 0.1%. Most sectoral indices barring the Nifty IT, Nifty Realty, Nifty India defence, Nifty FMCG, Nifty Pharma, and Nifty Healthcare traded 0.1-1.3% lower.
Shares of Vedanta came off highs and traded 0.6% lower. Earlier in the session, the stock rose almost 2% to hit an all-time high of INR 543. The Kolkata bench of the National Company Law Tribunal Wednesday approved the company's INR 5.45-billion resolution plan for debt-ridden Incab Industries. The tribunal noted that Vedanta will contribute the total financial package of INR 5.45 billion for subscribing to 100% of the paid-up equity shares of Incab Industries. Further, Vedanta will pay the entire admitted claims of gratuity and the Employees Provident Fund Organisation, the tribunal noted.
Tata Consultancy Services rose nearly 2% and was the top gainer in the Nifty 50. Shares of the company rose as media reports said the company is in advanced talks with OpenAI to build artificial intelligence compute infrastructure in India and co-develop agentic AI solutions for enterprises. The continued depreciation of rupee against the dollar and rising bets of an interest rate cut by the US Federal Reserve also contributed to the gains. Shares of Wockhardt fell nearly 6% and were among the worst hit in the Nifty 500 index. (Arya S. Biju)
Equity Alert: TCS rises to 3-month high on reports co to partner with OpenAI
MUMBAI--1311 IST--Shares of Tata Consultancy Services rose over 2% to a three-month high of INR 3,250 Thursday on media reports the company is in advanced talks with OpenAI to build artificial intelligence compute infrastructure in India and co-develop agentic AI solutions for enterprises. OpenAI is negotiating an agreement with TCS to lease at least 500 megawatts of data centre capacity from the Indian company's new data centre arm HyperVault to train and run its AI models locally, according to a report by The Economics Times. This will be the second major partnership between an Indian company and global AI players after the Google-Reliance collaboration earlier this year.
If finalised, the potential partnership would strengthen the strategic relevance of TCS' HyperVault initiative, according to an ICICI Securities report. This partnership is also positive for TCS' enterprise AI offerings, as co-development of agentic AI solutions could bring in revenue from large clients. The leasing capacity also signals a rise in demand for the company's hyperscale product, the brokerage said.
At 1250 IST, TCS shares were off their high and were at INR 3,233.70, still up almost 2%. Shares of information technology companies have surged recently due to a sharp fall in the rupee against the dollar, which is a positive for Indian IT companies since a large part of their client-base is from the US. The Nifty IT index was up 2% at a three-month high of 38471.60 points. Shares of Infosys, HCL Technologies, Wipro, and Tech Mahindra were 1-2% higher. Among relatively smaller constituents of the Nifty IT index, Coforge, Mphasis, and Persistent Systems rose 2-4%.
Of the 23 brokerage recommendations available with Informist on TCS, 20 have a 'buy' rating on the stock with an average target price of INR 3,763. Remaining three brokerages have a 'hold' rating on the stock. (Eshitva Prakash)
Equity Alert: Nirmal Bang positive on Hero MotoCorp; shrs hit all-time high
MUMBAI--1256 IST--An improving product mix, global expansion, and scale-up of the electric vehicle segment are expected to strengthen Hero MotoCorp's medium-term growth trajectory, according to Nirmal Bang Equities. Moreover, lower inventories, stable financing, and improved affordability due to the recent cut in goods and services tax are likely to sustain demand for the two-wheeler-maker throughout the second half of 2025-26 (Apr-Mar), the brokerage said. It has maintained a 'buy' call on the stock with a target price of INR 7,190, indicating a near 16% upside to Wednesday's closing price.
Shares of the company rose over 2% Thursday to hit an all-time high of INR 6,351. The stock rose after falling for two consecutive sessions, in which it lost over 1%. At 1256 IST, shares of the company were nearly 2% higher at INR 6,318. So far in the day, 584,929 shares of the company changed hands on the NSE, higher than the 306,330 shares traded till the same time Wednesday but lower than the three-month daily average volume of 805,702 shares.
The Splendour-maker gained market share during October and November with 26% retail growth and outperformed its peers, Nirmal Band said, citing data from the VAHAN portal. The company posted 31% on-year growth in wholesale sales in the month of November. This was supported by healthy rural and urban demand, led by strong traction in new models like the Xtreme 125R and Xoom 160, the brokerage said. Vida, the electric two-wheeler of the company, maintained a strong scale-up with 66% on-year growth in retail sales. The electric vehicle penetration of the company continues to improve and exceeds the 10% national share. This was led by the strong scale-up of Vida VX2 platform, Nirmal Bang said.
The sub-110 cc segment has shown early signs of recovery in the first half of FY26, with cuts in goods and services tax enhancing affordability in this segment. The company gained 3% market share in the September quarter and 5% in Apr-Sept, supported by upgrades to Splendour and HF Deluxe bikes, the brokerage said.
Exports of the auto major rose 70% on year in November, increasing its global market share to 8.5%. This was led by a rising contribution from premium motorcycle shipments, which is 40% of the total sales. The company has marked its presence in 52 countries with strong traction in key markets such as Latin America and Africa, Nirmal Bang said. (Adhithya Aji)
Equity Alert: Petronet LNG up over 4%; co signs 15-year deal with ONGC
MUMBAI--1240 IST--Shares of Petronet LNG rose over 4% Thursday to an intraday high of INR 280 after the company signed a 15-year binding term sheet with Oil and Natural Gas Corp. after market hours Wednesday, for ethane unloading, storage, and handling services at its Dahej facility in Gujarat. The deal is expected to generate potential revenue of INR 50 billion over the 15-year term. The stock had closed lower for two consecutive session prior to this rise, losing more than 1% over that period.
According to the term sheet, ONGC will reserve nearly 600,000 tonnes per annum of capacity at Petronet LNG's ethane storage and handling facility in Dahej. Petronet LNG, on its part, will receive, store, and handle ethane sourced by ONGC and its subsidiaries or affiliates at Dahej and redeliver it to ONGC at the delivery point.
"We view this announcement as a positive development for PLNG (Petronet LNG) and expect that the remaining 50?pacity may also be booked before the ethane USH (unloading, storage, and handling) facility comes online," Nomura Financial Advisory and Securities (India) said in a research report. The brokerage maintained a 'buy' rating on the company, holding a target price of INR 360, which denotes an upside of approximately 34%. It expects the company to report robust volume growth in 2026-27 (Apr-Mar), owing to a capacity expansion of Dahej terminal to 22.5 million tonne per annum from 17.5 million tonne per annum by March 2026.
Other reasons expected by Nomura to drive Petronet's strong volume growth in FY27 are Kochi terminal's connectivity through upcoming Bengaluru-Kochi gas pipeline to support regas volume expansion, recovery in utilisation by fertiliser plants followed by a soft FY26, likely demand from the upcoming refining capacities, and additional regas volumes in case of LNG price correction owing to liquefied petroleum gas supply from the second half of FY26.
At 1217 IST, shares of Petronet LNG traded over 4% higher at INR 279.85 on the National Stock Exchange. Over 8 million shares of the company changed hands on the bourses during the session so far, 16 times the roughly 500,000 shares traded till the same time Wednesday.
Of the 17 brokerage reports on the company available with Informist, 10 have a 'buy' rating on the stock, with an average target price of INR 369, four have a 'hold' rating with an average target price of INR 317, and remaining three have a 'sell' rating. (Arundathi A R)
Equity Alert: Mkt remains higher but losses in HDFC Bk, ICICI Bk limit gains
MUMBAI--1230 IST--Benchmark equity indices remained higher, supported by gains in information technology stocks, which rose as the rupee continued to depreciate against the dollar and on rising bets of an interest rate cut by the US Federal Reserve next week. While gains in Nifty 50 heavyweight Reliance Industries lent support, losses in other heavyweights such as HDFC Bank and ICICI Bank limited the gains in the index.
At 1229 IST, the Nifty 50 was at 26023.95 points, up 37.95 points or 0.2%. The BSE Sensex was at 85225.44 points, up 118.63 points or 0.1%. Broader market indices were mixed, with smallcap indices down around 0.1?ch and midcap indices up 0.1-0.4%. A similar trend was seen among sectoral indices, with the Nifty IT, Nifty Realty, and Nifty India Defence leading the pack, up 0.6-1.7%, while the Nifty Media and Nifty Financial Services were the worst hit, down 0.2-1.2%.
Shares of most defence companies rose on rising expectations of a defence pact between India and Russia as Russian President Vladimir Putin visits India to attend the 23rd India-Russia Annual Summit. Some of the major domestic defence players are expected to benefit from any such defence pact between the countries, according to media reports. At 1206 IST, the Nifty India Defence was up 0.5% at 77849.15 points, with 12 of its 18 constituents trading with gains. Unimech Aerospace and Manufacturing and Bharat Dynamics led the gains among sectoral players, up 2-5%, while Astra Microwave Products and Dynamatic Technologies were the worst hit, down around 1?ch.
Shares of Petronet LNG rose over 4%, among the top gainers in the Nifty 500 index. Shares of the company rose after it said it had signed a 15-year binding term sheet with Oil and Natural Gas Corp. for ethane unloading, storage, and handling services. The deal is expected to earn Petronet LNG revenue of up to INR 50 billion over the 15 years, it said in an exchange filing. Hitachi Energy India was down nearly 6% and was the worst hit in the both Nifty 200 and Nifty 500 indices. (Arya S. Biju)
Equity Alert: Vedanta at record high after NCLT OKs Incab Ind resolution plan
MUMBAI--1215 IST--Shares of Vedanta rose almost 2% Thursday to hit an all-time high of INR 543 after the Kolkata bench of the National Company Law Tribunal late Wednesday approved the company's INR 5.45-billion resolution plan for debt-ridden Incab Industries. The fair value and liquidation value of the financially distressed iron and steel manufacturer were INR 5.12 billion and INR 4.29 billion, respectively.
Vedanta's shares have risen as much as 10% in the last eight trading sessions and are likely to end higher for the second consecutive week. Tuesday, S&P Global Ratings revised its rating outlook on the Vedanta's parent company Vedanta Resources to 'positive' from 'stable' and affirmed its 'B+' foreign currency issuer credit rating. The agency also affirmed the issue rating of 'B' on the company's senior unsecured notes.
At 1213 IST, shares of the company were off highs at INR 534.50 on the NSE, up 0.3%. Over 7.7 million shares of the company have changed hands on the exchange so far, more than double the 3.7 million shares traded till the same time Wednesday.
Of the eight brokerage recommendations available with Informist on the stock, six have a 'buy' rating with an average target price of INR 594. Kotak Securities has a 'reduce' rating on the stock and Motilal Oswal Financial Services has a 'neutral' recommendation. (Eshitva Prakash)
Equity Alert: Citi retains 'buy' for Tata Consumer on better earnings view
MUMBAI--1145 IST--Global brokerage Citi has maintained a 'buy' call on Tata Consumer Products with a target price of INR 1,350, NDTV Profit said in a social media post, citing the brokerage. The consolidated earnings before interest, tax, depreciation, and amortisation margin of the company is expected to expand to 15% in the March quarter. This expansion is likely be driven primarily by the international business, Citi said. The company reported an EBITDA margin of 13.6% for the September quarter.
The company's shares rose over 1% to an intraday high of INR 1,154 after falling nearly 4% in the last five consecutive sessions. At 1138 IST, shares of the company were at INR 1,142.80 on NSE, up 0.3%. Nearly 250,000 shares have changed hands on the exchange so far.
Tata Consumer's domestic tea business is likely to be led by higher volumes along with marginal pricing in the second half of 2025-26 (Apr-Mar), the brokerage said. The second-largest tea retailer in the country reported 12% growth in revenue from its India tea business for the September quarter.
According to Citi, Tata Consumer's ready-to-drink business is back on a growth trajectory after taking a hit in the June quarter due to the arrival of an early monsoon. In the September quarter, the ready-to-drink business reported growth of 25% on year. The segment also delivered 31% volume growth for the same period, the company said.
Of the 17 brokerage reports available on the company with Informist, 15 have a 'buy' call on the stock with an average target price of INR 1,304 and the remaining two have a 'hold' call. (Adhithya Aji)
Equity Alert: Most brokerages positive on JSW Steel's JV with JFE Steel
MUMBAI--1116 IST--Brokerages remain broadly positive about the joint venture partnership announced by JSW Steel and Japan-based JFE Steel Corp. for the steel business of the former's subsidiary Bhushan Power and Steel Ltd. The steelmaker Wednesday announced the signing of an agreement with JFE Steel Corp., under which the steel business of Bhushan Power and Steel will be transferred to a 50:50 joint venture with the latter by way of a slump sale for a cash consideration of INR 244.8 billion. The Japanese company will invest INR 157.5 billion in two tranches to acquire the 50% stake in the joint venture, JSW Steel said in an exchange filing.
The deal is expected to be value accretive for JSW Steel as the stake is being sold at a higher value and as it infuses cash in the business, Nuvama Institutional Equities said in a report dated Wednesday. It expects the consolidated net debt of the company to be reduced by INR 373.5 billion post the completion of this transaction. However, the brokerage has reiterated its 'reduce' rating on the stock, with a target price of INR 1,050 given the stock's expensive valuation and a potential earnings downgrade amid soft steel prices.
Emkay Global Financial Services views this development as positive for JSW Steel as it removes the Bhushan Power and Steel overhang and enables a meaningful deleveraging. Global brokerage JP Morgan sees the 50:50 joint venture as neutral to slightly positive for JSW Steel, CNBC TV18 said in a post on social media platform 'X' citing the brokerage. The joint venture company is expected to support the company's "value-added product collaboration," JP Morgan said. Similarly, Jefferies expects the partnership to upgrade JSW Steel's product mix and productivity, the brokerage was cited as saying in a post on 'X' by CNBC TV18. It sees the joint venture to be broadly neutral for JSW Steel's earnings per share and valuation.
At 1115 IST, shares of JSW Steel were up nearly 1% at INR 1,152.20 on the National Stock Exchange. Of the 18 brokerage reports on the company available with Informist, seven have a 'buy' rating on the stock with an average target price of INR 1,199, six have a 'hold' rating with an average target price of INR 1,177, and five have a 'sell' rating with an average target price of INR 978. (Arya S. Biju)
Equity Alert: JSW Steel up 2%; forms JV with JFE Steel for Bhushan Power ops
MUMBAI--1045 IST--Shares of JSW Steel rose almost 2% Thursday to an intraday high of INR 1,165 after the company entered into a strategic joint venture partnership with Japanese JFE Steel Corp. for the steel business of its subsidiary Bhushan Power and Steel. The shares had ended lower for the previous two straight sessions, and shed over 2% during this period.
As part of the agreement, the steel business of Bhushan Power and Steel will be transferred to a 50:50 joint venture with JFE Steel Corp. by way of a slump sale for a cash consideration of INR 244.8 billion. The Japanese company will invest INR 157.5 billion in two tranches to acquire a 50% stake in the joint venture.
At 1013 IST, shares of JSW Steel traded 0.3% higher at INR 1,147.40 on the National Stock Exchange. About 1.1 million shares of JSW Steel changed hands on the bourses during the session so far, nearly five times the 242,878 shares traded till the same time Wednesday.
"Overall, we maintain our longterm positive view on JSW Steel, supported by its strategic expansion plans and increasing focus on higher-value products. The valuations, however, are full at the counter, offering limiting upside potential in the near term," ICICI Securities said in a report.
Of the 18 brokerage reports on the company available with Informist, seven have a 'buy' rating on the stock with an average target price of INR 1,199, six have a 'hold' rating with an average target price of INR 1,177, and five have a 'sell' rating with an average target price of INR 978. (Arundathi A R)
Equity Alert: InterGlobe falls 3?ter regulator summons, down 9% in 5 days
MUMBAI--1035 IST--Shares of InterGlobe Aviation, operator of no-frills carrier IndiGo, fell more than 3% Thursday to an over five-month low of INR 5,405, following media reports that the company was summoned by the Directorate General of Civil Aviation over recent flight delays and to state its plans to reduce flight cancellations. IndiGo has cancelled hundreds of flights over the past few days and delayed hundreds more as a mounting pilot shortage disrupted its operations following enforcement of the new flight duty time limitation rules. InterGlobe Aviation's shares have declined 9% in the last five trading sessions.
"We acknowledge that IndiGo's operations have been disrupted across the network for the past two days and we apologise to our customers for the inconvenience caused...to contain the disruption and restore stability, we have initiated adjustments to our schedules. These measures will remain in place for the next 48 hours and will allow us to normalise our operations and recover our punctuality across the network," InterGlobe Aviation stated in an exchange filing late Wednesday.
IndiGo had been facing scheduling difficulties since Saturday after an urgent Airbus A320 software patch disrupted several of its flights. At 1031 IST, shares of InterGlobe Aviation were off the day's lows and trading at INR 5,548 on the NSE, down 1%. A little over 1.40 million shares of the company changed hands on the National Stock Exchange, nearly sixfold more than the 237,132 shares traded during the same time Wednesday.
Of the 11 brokerage recommendations available on the stock with Informist, eight have a 'buy' rating on the stock with an average target price of INR 6,310, around 14% higher than the current market price. Two brokerages have a 'sell' recommendation on the stock, while one has a 'hold' rating. (Eshitva Prakash)
Equity Alert: Indices rise after opening lower; IT, auto stocks lead gains
MUMBAI—0951 IST--Benchmark indices rose soon after opening a tad lower Thursday, supported by gains in information technology and automobile stocks. Gains in Nifty 50 heavyweights Reliance Industries and HDFC Bank helped the index climb above its key support of 26000 after opening slightly below this level. Investors now await the outcome of the ongoing three-day monetary policy meeting of the Reserve Bank of India, due Friday.
At 0943 IST, the Nifty 50 was at 26014.45 points, up 28.45 points or 0.1%. The BSE Sensex was at 85204.32 points, up 97.51 points or 0.1%. All broader market indices traded with slight gains, up 0.1-0.4%. Sectoral indices, however, were mixed, with the Nifty IT, Nifty Metal, and Nifty India Defence leading the pack, up 0.5-1.1% while Nifty Consumer Durables and Nifty Media were the worst hit, down 0.3-0.7%.
Shares of most information technology companies remained higher as the rupee continued its downward journey against the dollar, hitting a fresh record low of 90.4225 a dollar. Delay in a trade deal between India and the US is one of the primary reasons for the sharp weakness in the Indian unit, according to foreign exchange market dealers. Domestic IT sector companies earn a major chunk of their revenue from the US and depreciation of the Indian unit will help boost their earnings and profitability.
Shares of JSW Steel rose nearly 1?ter the company Wednesday said it has entered into a strategic joint venture partnership with Japanese company JFE Steel Corp. for the steel business of its subsidiary Bhushan Power and Steel Ltd. As part of the agreement, the steel business of Bhushan Power and Steel will be transferred to a 50:50 joint venture with JFE Steel Corp. by way of a slump sale for a cash consideration of INR 244.8 billion, the company said. Shares of Interglobe Aviation fell over 1% and were the worst hit in the Nifty 50 index after its airline IndiGo cancelled over 300 flights in the past two days and delayed over hundred more as pilot shortage disrupted operations following enforcement of the new flight duty time limitation rules. (Arya S. Biju)
Equity Alert: Seen opening tad lower, crucial for Nifty 50 to hold 25900 pts
MUMBAI--0820 IST--Benchmark indices are expected to open on a weak note, as a fall in the rupee continues to sour investor sentiment. Indices fell below their crucial support levels in the past few sessions, indicating bearishness among investors, largely due to lack of progress in a trade deal between India and the US. Earlier, analysts had said they expected both countries to arrive at a deal by the end of 2025, which is just four weeks away. Investors will now focus on the outcome of the ongoing three-day monetary policy meeting of the Reserve Bank of India, due on Friday.
Currently, the Nifty 50 is in a consolidation phase and the momentum will resurface only after a clear breakout above 26150 points, Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note. Only such a breakout would lead to another leg of rally to 26350 points, he added. "As long as Nifty sustains above the 25900... sentiment is expected to stay neutral-to-sideways, with dips likely attracting renewed buying interest," the analyst said.
The December contract of the GIFT Nifty indicates a flat opening for the indices. At 0751 IST, the contract was at 26068.50 points, down 23 points or 0.1%. On Wednesday, the Nifty 50 closed at 25986 points, down 46.20 points or 0.2%. The BSE Sensex closed marginally lower at 85106.81 points, down 31.46 points.
On Wednesday, foreign investors were net sellers of Indian stocks, selling shares worth up to around INR 32 billion. Domestic investors continued to be net buyers and purchased Indian stocks worth INR 47.30 billion.
Overnight, in the US, indices ended higher as a slew of economic data increased expectations of an interest rate cut by the Federal Reserve at its meeting next week. Barring indices in Japan, all the other Asian indices were in the red. (Gopika Balasubramanium)
Equity Alert: Indices in Asia open mixed; Nikkei 225 up for third session
MUMBAI--0815 IST--Equity indices in Asia were mixed in early trade Thursday, with Japan's equity market among the few gainers in the session. The country's benchmark index, the Nikkei 225, rose over 1% and the broader Topix added 1.5%. South Korea's KOSPI opened lower after gaining for the previous two straight sessions. Traders are pricing in a higher chance of an interest rate cut by the US Federal Reserve at its policy meeting next week due to weak November US private payrolls data.
The Nikkei 225 index extended its gains after closing higher for the previous two straight sessions. Japanese chip manufacturers in the artificial intelligence supply chain rose after US President Donald Trump met Nvidia's Chief Executive Officer Jensen Huang Wednesday to discuss export controls, Reuters reported. Semiconductor company Tokyo Electron rose over 1%. Shares of Renesas Electronics rose nearly 7%, as California-based semiconductor company SiTime Corp was reportedly in talks to acquire the Japanese chipmaker's timing unit, CNBC reported.
China's CSI 300 was 0.3% lower and Hong Kong's Hang Seng index also declined. Shares of Li Auto were down more than 3% on news that the electric vehicle maker would be removed from the FTSE China index. Chinese sportswear maker Li Ning was down more than 2% and garment maker Shenzhou International Group fell nearly 4%. Gold producer Zijin Mining Group advanced more than 3% amid rising gold prices, the South China Morning Post reported.
Following were the levels of key Asian indices at 0748 IST:
| Index | Level | Change in % |
| CSI 300 Index | 4517.65 | (-)0.30 |
| Hang Seng Index | 25707.91 | (-)0.21 |
| Nikkei 225 Day | 50497.05 | 1.27 |
| TOPIX FIRST SECTION | 3384.08 | 1.49 |
| KOSPI | 3997.68 | (-)0.96 |
| FTSE Singapore Strait Times | 4552.24 | (-)0.05 |
| S&P/ASX 200 Index | 8598.00 | 0.03 |
(Arundathi A R)
Equity Alert: US indices end higher Wed on rate cut hopes; Dow Jones up 1%
MUMBAI--0743 IST--Benchmark equity indices in the US ended higher Wednesday on elevated expectations among traders of an interest rate cut by the US Federal Reserve in its policy meeting next week. Traders are pricing in a higher chance of an interest rate cut after weak private payrolls data for November and subdued growth in US services activity during the month. Small-caps in the region outperformed during the session on rate cut expectations, with the Russell 2000 index gaining almost 2%.
Private payrolls declined by 32,000 in November, against an expectation of a 40,000 increase by economists polled by Dow Jones, according to data from payrolls processor ADP. In a separate reading, the Institute for Supply Management's report on services activity showed little change in November at 52.6, compared to 52.4 in October. Fed fund futures traders are pricing in an 89% chance of a 25-basis point interest rate cut by the US Fed, up from a 67% chance seen a month ago, according to data from the CME FedWatch tool.
Shares of Microsoft Corp. fell more than 2% on a report that the technology giant has cut artificial intelligence software sales quotas after many sales staff missed their targets in the fiscal year ended June. However, the company's shares were off the session's lows and closed 1% lower after CNBC said Microsoft denied the report.
Among other stocks, Marvell Technology rose almost 8?ter the chipmaker said it would buy semiconductor startup Celestial AI in a deal of $3.25 billion, Reuters reported. American clothing and accessories retailer American Eagle Outfitters ended over 15% higher on its annual comparable sales forecast, betting on strong demand during the holiday season.
Following are the closing levels of US indices Wednesday:
| Index | Level | Change in % |
| S&P 500 | 6849.72 | 0.3 |
| NASDAQ Composite | 23454.09 | 0.17 |
| Dow Jones Industrial Average | 47882.9 | 0.86 |
(Arundathi A R)
US$1 = INR 89.95
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
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