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Informist, Friday, Dec. 12, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Citi cuts TCS target price by 11% to INR 2,835 with 'sell' rtg

 

MUMBAI--0850 IST--Global brokerage firm Citi has cut the target price on Tata Consultancy Services by 11.2% to INR 2,835 with a 'sell' rating on the stock. Even though demand remains soft, the brokerage expects it to stablise with no further worsening going ahead.

 

Citi sees the company gaining momentum in the second half despite seasonality, ET Now said in a post on X, quoting the brokerage. The flow of deals is expected to be driven by cost optimisation, vendor consolidation, operating model transformation, and rapid-build agile projects. The company's verticals such as banking, financial services, and insurance and technology and services are seen to be improving, the brokerage said. Though communications and media verticals are weak, they are stabilising. Automobiles and retail are seen steady, according to the X post.

 

The brokerage expects the company's business in North America to be better than that in Europe. The company is also focussing on niche skill hiring, scaled fresher intake, and localisation.

 

On Thursday, shares of the company ended marginally higher at INR 3,191.90 on the National Stock Exchange.

Of the 23 brokerage recommendations available with Informist on the company, 20 have a 'buy' or equivalent rating with an average target price of INR 3,763 and the remaining three have a 'hold' rating on the stock.  (Arundathi A R)

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Equity Alert: Indices may rise slightly Fri on positive global cues

 

MUMBAI--0802 IST--Benchmark indices are likely to rise slightly on Friday amid gains in US and Asian markets. However, any gains are likely to capped as US-India trade deal negotiations have been underway for longer than expected, with India's chief economic adviser suggesting that the deal might be signed by March.

 

In the US, the Dow Jones Industrial Average rose over 1% Friday, hitting a fresh record high, as the market found comfort in the fact that the US Federal Reserve kept at least one rate cut on the cards next year. This was positive as analysts had expected the US Fed to be hawkish on Thursday. The S&P 500 index was up 0.2% and Nasdaq Composite index was down 0.3%.

 

Most Asian markets were up, recovering from Thursday's fall. Indices in South Korea, Hong Kong, Japan, Australia, and Singapore were up around 1?ch. Indices in China were down 0.3-0.5%.

 

For the domestic market, the GIFT Nifty futures contract suggests the Nifty 50 may see a sharp rise of around 1% and cross its immediate resistance at 26000 points. At 0741 IST, the December GIFT Nifty contract was at 26129.50 points, more than 200 points higher than the Nifty 50's close of 25898.55 points on Thursday.

 

Sentiment in the market has improved after the Nifty 50 snapped its three-day fall on Thursday, rising 0.6%. However, analysts are still unsure whether the index will be able to hold on to the fresh gains. While the GIFT Nifty suggests the index might even cross 26100 points, technical analysts expect the index to face resistance at that level. The Nifty 50 is expected to find support around 25700 points.

 

Delay in a US-India trade deal has been a major issue for the market, with benchmark indices facing selling pressure around its lifetime high. The Nifty 50 is down around 2% from its lifetime high touched last week.  (Anshul Choudhary)

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Equity Alert: Most Asian indices up on Wall Street cues; Topix up nearly 2%

 

MUMBAI--0755 IST--Most indices in Asia were higher in early trade Friday, tracking US indices, which hit fresh record-highs overnight despite the shares of Oracle plummeting on weak forecast on sales and profit. Japan's broader index Topix led the pack of gainers, up for the fourth session in the last five, rising 2%. The Nikkei 225, which closed lower for the previous two straight sessions also opened higher.

 

Shares of SoftBank Group surged 6?ter Bloomberg reported it is considering acquiring US data centre company, Switch Inc. South Korea's KOSPI was up after closing in the red for the previous three consecutive sessions.

 

Mainland China's CSI 300 index was down for the fourth straight session. China's top leaders concluded an annual economic planning meeting Thursday, affirming broad economic support for the year ahead, which includes boosting consumption and stabilising the property sector, CNBC reported.

 

Following were the levels of key Asian indices at 0756 IST:

 

Index	Level	Change in %
CSI 300 Index	4546.21	(-)0.13
Hang Seng Index	25806.22	1.08
Nikkei 225 Day	50591.54	0.88
TOPIX FIRST SECTION	3412.45	1.64
KOSPI	4163.58	1.29
FTSE Singapore Straits Times	4573.03	1.15
S&P/ASX 200 Index	8684.7	1.08

 

(Arundathi A R)

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Equity Alert: Most US indices close higher Thu; Dow Jones hits all-time high

 

MUMBAI--0730 IST--The S&P 500 and Dow Jones indices hit one-month and all-time highs,  respectively, on Thursday. The technology-heavy Nasdaq Composite, which closed higher for the previous two straight sessions, was dragged down as Oracle's forecast on sales and profit missed analysts' estimates and the company raised its spending estimates.

 

Shares of Oracle plummeted nearly 11% in their biggest one-day drop since late January, Reuters reported. The company also warned that annual spending would run to $15 billion, higher than previously planned.

 

The Dow Jones index closed higher for the second straight session, with the Russell 2000 index closing over 1% higher. "The name of the game is market rotation. We're seeing small-caps, the Dow and cyclicals all start to do better in anticipation of a reacceleration of global growth," Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments, said.

 

The Dow Jones was driven by gains in some financial stocks. Shares of US-based payment card services company Visa surged over 6%. Shares of American Express, JP Morgan, and Goldman Sachs ended more than 2% higher. Shares of Walt Disney Co. closed over 2% higher after the company announced a $1-billion equity investment in OpenAI, Reuters reported.

 

Following are the closing levels of US indices Thursday:

 

Index	Level	Change in %
S&P 500	6901	0.21
NASDAQ Composite	23593.86	(-)0.25
Dow Jones Industrial Average	48704.01	1.34

 

(Arundathi A R)

 

US$1 = INR 90.49

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

 

Edited by Nishant Maher

 

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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