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Informist, Thursday, Dec. 11, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: InterGlobe dn 3%; co sees hit to Q3 passenger revenue, capacity

 

MUMBAI--1040 IST--Shares of InterGlobe Aviation fell more than 3% to an over-eight-month low of INR 4,645 Thursday after the company cut its guidance for capacity growth (in terms of available seat kilometres) for the December quarter to high single to early double digits from the earlier guidance of high-teens growth. The flight operator also said its passenger unit revenues may decline by mid-single digit year-on-year for the same period. This cut was largely in line with projections from the brokerage Emkay Global Financial Services.

Emkay Global had earlier said that the 16–17% on-year growth for available seat kilometres guided earlier will moderate to 12–13%. The brokerage saw the company's passenger unit revenue to be mildly down from the flat on-year growth guided earlier.

 

InterGlobe has also said that the Directorate General of Civil Aviation's order to reduce IndiGo's flights for its domestic winter schedule by 10% will adversely impact the company's capacity guidance for Oct-Dec, Dec-Mar, and for 2025-26 (Apr-Mar). Emkay Global projected that the company's March quarter available seat kilometres growth will be hit by around 2% and fall to 14–15%, compared to the high-teens growth guided for earlier.

 

At 1039 IST, shares of the company were off lows and traded at INR 4801, largely flat from the previous session. More than 3 million shares of the company have exchanged hands so far on the National Stock Exchange, similar to the number of shares traded till the same time Wednesday. InterGlobe has lost over 12% in a week and over 17% in the past 30 days.

 

Of the 11 brokerage recommendations available with Informist on the stock, eight have a 'buy' or an equivalent rating with an average target price of INR 6,248. Two have a 'sell' recommendation while one has a 'hold' call.  (Eshitva Prakash)

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Equity Alert: Mkt turns red soon after open; IT cos fail to hold early gains

 

MUMBAI--1000 IST--Domestic indices moved into negative territory soon after opening slightly higher Thursday, dragged down by information technology stocks which failed to hold on to their early gains. Both the indices had opened slightly higher tracking overnight trade on the Wall Street, which saw gains after the US Federal Reserve's widely expected 25-basis-point rate cut. Even though most Asian indices rose in the early trade as investors cheered the rate cut, some of them slipped to the red soon after.  

 

The US Federal Open Market Committee voted to trim the federal funds target range by 25 basis points to 3.50-3.75% amid a weakening job market and elevated inflation levels in the US economy. Meanwhile, policymakers left their projections for the federal funds rate unchanged from September, signalling only one 25 bps cut in 2026. 

 

At 0958 IST, the Nifty 50 was at 25710.90, down 47.10 points or 0.2%. The BSE Sensex was at 84180.88, down 210.39 points or 0.3%. Broader market indices remained mixed with Nifty MidCap 50 and Nifty MidCap 100 leading the gains, up 0.2?ch, while Nifty SmallCap 250 was the worst hit, down 0.3. 

 

Most information technology stocks fell soon after open. At 0953 IST, the Nifty IT index was down 0.2%, with most of its constituents, barring Coforge, LTIMindtree and Infosys, trading in the red. Earlier in the session, the index had risen around 1%. (Arya S. Biju)

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Equity Alert: Domestic mkt to open up on positive global cues post FOMC cut

 

MUMBAI--0831 IST--Benchmark equity indices are expected to open higher and move in a thin range on Thursday, analysts said. They are expected to take cues from global markets, which rose after the US Federal Reserve cut rates by a quarter percentage point. However, the sentiment in the domestic market is bearish amid delay in a US-India trade deal and worries about the rupee's depreciation, analysts said. 

 

Overnight, the US Federal Open Market Committee lowered the federal funds target range by 25 basis points to 3.50-3.75%, as widely expected. However, the vote from policymakers was extremely divided. Indices in the US closed higher following the US Fed's action. Investors in Asia also cheered the cut and most indices in the region were higher in early trade. 

 

The Nifty 50 is expected to open slightly higher and move in a range of 25500-26000 points, Mandar Bhojane, senior research analyst at Chola Securities, said. During Thursday's session, the 50-stock index is expected to face resistance near 26000 points and find support around 25750 points.

 

The December contract of the GIFT Nifty indicates a positive open for the domestic market. At 0752 IST, the contract was at 25976.50 points, up 2.5 points. This was more than 200 points higher than the closing level of the Nifty 50 on Wednesday. 

 

The Nifty 50 closed Wednesday's session at 25758 points, down 81.65 points or 0.3%. However, the 50-stock index held its crucial support of 25700, though it fell to a low of 25734.55 points during the session. The BSE Sensex closed at 84391.27 points, down 275.01 points or 0.3%.  (Gopika Balasubramanium)

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Equity Alert: Indices in Asia mixed Thu; KOSPI higher after 2-day fall

 

MUMBAI--0810 IST--Most Asian indices were trading higher Thursday following the US Federal Reserve cutting key interest rate by 25 basis points. South Korea's KOSPI, which closed lower for the previous two straight sessions, led the pack of gainers in early trade. Hong Kong's Hang Seng Index extended gains for the second straight session.

 

The Federal Reserve cut its overnight lending rate by 25 basis points, bringing the targeted range to 3.50-3.75%. The median GDP growth was revised upwards to 1.7% annual growth on year in the December quarter of 2025 from 1.6% previously. The estimate for 2026 was also revised upwards by 50 bps to 2.3%.

 

Mainland China's CSI 300 index was up after two straight sessions of closing lower. Australia's S&P/ASX 200 index rose after closing in negative territory for three straight sessions. Japan's Nikkei 225 gained in early trade, but reversed later and moved to negative territory. Shares of SoftBank Group Corp. fell over 6%, following disappointing earnings from Oracle. This signalled worries regarding artificial intelligence companies' profitability.

 

Shares of China-based technology company, ZTE Corp, fell over 7% following a Reuters report that the company may need to pay more than $1 billion to the US government to settle allegations of foreign bribery, according to a CNBC report.

 

Following were the levels of key Asian indices at 0800 IST:

 

Index	Level	Change in %
CSI 300 Index	4605.05	0.29
Hang Seng Index	25660.66	0.47
Nikkei 225 Day	50399.8	(-)0.40
TOPIX FIRST SECTION	3378.07	(-)0.32
KOSPI	4150.86	0.38
FTSE Singapore Strait Times	4533.18	0.47
S&P/ASX 200 Index	8607.6	0.33

 

(Arundathi A R)

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Equity Alert: Indices in US close higher Wed on 25-bps rate cut by Fed 

 

MUMBAI--0730 IST--Benchmark equity indices in the US closed higher Wednesday as the US Federal Reserve cut its key interest rate by a quarter-percentage point. After falling for the previous two consecutive sessions since Monday, the Dow Jones Industrial Average rallied and closed over 1% higher. The small-cap Russell 2000 index outperformed the large-caps with a 1.3% gain, hitting a fresh all-time high, according to various news reports.

 

The Federal Reserve cut its overnight lending rate by 25 basis points, bringing the targeted range to 3.5-3.75%, CNBC reported. Market participants raised estimates for GDP growth in 2026 to 2.3% from 1.8% and expectations of a 4.4% unemployment rate at the end of next year remained, Reuters reported.

 

Industrial stocks made the largest gains in the S&P 500 index. Energy equipment manufacturer GE Vernova jumped nearly 16?ter the company forecast higher revenue in 2026, showing strong demand for its artificial intelligence-related infrastructure. On the other hand, defensive utilities stocks were the biggest laggards, Reuters reported.

 

Shares of regional banks rose during the session, following the Fed's decision to cut rates. Shares of State Street SPDR S&P Regional Banking rose over 3%. Truist Financial Corp. and Huntington Bancshares also ended over 3% higher. Shares of M&t Bank Corp. ended nearly 4% higher.  

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6886.68	0.67
NASDAQ Composite	23654.16	0.33
Dow Jones Industrial Average	48057.75	1.05

 

(Arundathi A R)

 

US$1 = INR 90.21

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

 

Edited by Deepshikha Bhardwaj

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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