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Informist, Tuesday, Dec. 16, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Quick-commerce cos down, Eternal falls after 3 sessions of gain

MUMBAI--1032 IST--Shares of quick-commerce companies Eternal and Swiggy fell on Tuesday. Eternal was down almost 4% in early trade and hit an intraday low of INR 286.70 on NSE. The stock fell after three days of gains, during which it gained over 5%. Swiggy fell for the second straight session and was down over 3% in two days.

At 1030 IST, shares of Eternal traded nearly 4% lower at INR 286.15 on NSE. Almost 18 million shares of the company changed hands on the NSE, much higher than over 6.6 million shares traded till the same time Monday. Of the 15 brokerage recommendations available with Informist on the company, 13 have a 'buy' rating with an average target price of INR 355.85 and the remaining two have a 'sell' rating on the stock.

At 1030 IST, shares of Swiggy traded nearly 2% lower at INR 405.60 on the NSE. Over 10.4 million shares of the company changed hands on the NSE, sharply higher than 2.6 million shares traded till the same time Monday. The 12 brokerage recommendations available with Informist on the company have a 'buy' rating with an average target price of INR 510 on the stock.  (Arundathi A R)

Equity Alert: Market falls further; small-, mid-cap indices extend losses

MUMBAI--1016 IST--Benchmark indices fell further as a rise in shares of select fast-moving consumer goods companies were unable to limit losses in the early trade, owing to a slump in private banks. Broader market indices fared worse than their benchmark peers. 

At 1012 IST, the Nifty 50 was at 25889.10 points, down 138.20 points or 0.5%. The BSE Sensex was at 84744.49 points, down 468.87 points or 0.6%. Axis Bank and index heavyweight Reliance Industries were the top draggers and were down almost 4% and nearly 1%, respectively. Among other private banks, ICICI Bank fell 0.4% and HDFC Bank was almost flat. The Nifty Private Bank index was down 1%. The Nifty Metal index also declined sharply and among its constituents, Hindustan Copper, Jindal Steel, and Steel Authority of India were the worst hit, down 1.5-3.0%.

Bharti Airtel, Tata Consumer Products, Nestle India, and HDFC Life Insurance were among the few stocks that edged higher. A 1% rise in Titan Co. also lent support to the Nifty 50 and the Nifty Consumer Durable index briefly rose before turning flat.

Smallcap and midcap companies were hit harder than their benchmark peers. The Nifty Smallcap 250 index was 0.6% lower and the Nifty Midcap 150 index declined almost 0.7%. Shares of Action Construction Equipment, Aditya Birla Real Estate, and Aavas Financiers faced the sharpest fall among smallcap companies and declined around 2% each. Among midcaps, Bharat Heavy Electricals, AIA Engineering, and Bharat Dynamics fell nearly 2-3%.  (Eshitva Prakash)

Equity Alert: Citi keeps cautious view on IT sector, picks Infosys, HCL Tech

MUMBAI--1005 IST--Global brokerage Citi has reiterated its cautious stance on both global and Indian information technology services, as the sector's demand outlook continues to point to a slow recovery, The Economic Times reported Tuesday, citing the brokerage. Among domestic companies, the brokerage prefers Infosys and HCL Technologies in the large-cap IT space, the report said. 

The overall demand environment for the sector remains stable but lacks clear evidence of a rebound, even as there is hope of a macro-led recovery, including from the interest rate cuts by the US Federal Reserve, the report said. Discretionary spending is "decent" mostly in the banking, financial services, and insurance segment, but those in other segments are still relatively muted, Citi said. 

The brokerage suggests monitoring the disruption in demand as there is still uncertainty over the revival of discretionary spending in IT and as demand for the sector remains slower compared to historical levels. It remains neutral on the US IT sector and prefers multinational IT services and consulting company Capgemini in the European IT sector. 

At 1000 IST, the Nifty IT index was down around 1% at 38047.25 points, with all of its constituents trading in the red, down 0.4-1.9% lower. The sectoral index fell after rising for three straight sessions in which it gained 1.6%. All major indices in the US closed lower Monday as artificial intelligence-related stocks continued to weigh down markets. The tech-heavy NASDAQ Composite closed 0.6% lower Monday. (Arya S. Biju)

Equity Alert: Indices open lower Tue, tracking losses in global equity mkts

MUMBAI--0945 IST--Benchmark equity indices opened lower Tuesday, tracking overnight losses on Wall Street and a decline in other major global equity markets. Information technology and financial services stocks were the hardest hit in the opening minutes of trade. The rupee continued to tumble and hit a new record low at INR 90.82 per dollar. Barring the Nifty FMCG, all other sectoral indices were in the red and the broader market indices fell more than their benchmark peers.

At 0942 IST, the Nifty 50 was at 25928.40 points, down 98.90 points or 0.4%. The BSE Sensex was at 84870.03 points, down 343.33 points or 0.4%. A near 3% fall in shares of Eternal was a major drag on the Nifty 50. Meanwhile, Bharti Airtel led the handful of advancing stocks and its shares rose over 1% after global brokerage Morgan Stanley raised its target price on the stock by 20%.

Most financial services and bank stocks were down and shares of Bajaj Finserv, Jio Financial Services, and Axis Bank declined 0.7-2.5%. Among index heavyweights, shares of ICICI Bank and HDFC Bank fell 0.2-0.5%. IT stocks Infosys, Tech Mahindra, Wipro, and Tata Consultancy dropped 0.5-1%, mirroring a decline in technology stocks on Wall Street, which slumped on scepticism around artificial intelligence trade.

However, fast-moving consumer goods companies defied the market's downward trajectory and shares of Tata Consumer Products rose almost 1%. Nestle eked out a small gain. Shares of Godrej Consumer Products, Marico, and Britannia Industries were 1-2% higher. The Nifty FMCG index was 0.3% higher.

In the Nifty 200, BSE declined almost 2% while Supreme Industries led the pack of gainers in the index and was up almost 3%. In the Nifty 500 index, shares of Tata Teleservices rose more than 8% after declining for the previous four sessions. Meanwhile, Transformers and Rectifiers was down nearly 5% and it was the worst performing stock on the Nifty 500 index.  (Eshitva Prakash)

Equity Alert: Bajaj Auto plans pdt launches to gain mkt share, says Motilal Oswal

MUMBAI--0903 IST--Bajaj Auto is planning several product launches to regain the lost share in the domestic motorcycle market, according to Motilal Oswal Financial Services analysts who met the company's management. Recently, Bajaj Auto's market share loss has been a major concern among investors, the brokerage said.

The company's maket share in the motorcycle segment has came down to 16% so far this financial year from 18.5% in 2019-20 (Apr-Mar), according to the brokerage. To regain the lost market share, Bajaj Auto plans to launch a new 125cc cummuter motorcycle in FY27. The company is also likely to launch one variant of Pulser in December and two other variants of Pulser in March and May next year.     

The management indicated it may launch a product under the Dominar brand and another product in 350cc segment is in the pipeline under the Triumph brand. It is also aiming to benefit from its acquistion of KTM sometime from the second half of 2026. For the first six months of the next year, the management will be busy with restructing the core operations after the acquistion of KTM business. "The company would plan to exit the bicycle business, cars, and other smaller brands and focus on the KTM and Husqvarna brands," the brokerage said.

While the company is planning to arrest the fall in domestic motorcycle market share, the brokerage was still cautious over these plans. Motilal Oswal maintained its neutral rating on the stock with a target price of INR 9,070 per share. Monday, shares of Bajaj Auto closed at INR 8,940 per share, down nearly 1%.

The company was positive on the export business with a ramp-up in Brazil and Mexico operations likely to help sustain momentum in the export markets. "While the demand momentum is likely to remain strong in exports, the recent currency depreciation will also provide a margin cushion for the company in the current quarter," the brokerage said.

The brokerage said its electic vehicle business is expected to drive qrowth in the coming quarters. The Chetak has already gained significant market share over the past two years, the brokerage. The company is planning to launch another model of the Chetak next year.  (Anshul Choudhary)

Equity Alert: Morgan Stanley ups Bharti Airtel price aim 20%, keeps 'overweight'

MUMBAI--0835 IST--Brokerage Morgan Stanley has raised its target price for Bharti Airtel by around 20% to INR 2,435, while maintaining its 'overweight' rating on the stock, CNBC-TV18 said in a post on 'X', citing the brokerage. The revised target price indicates a potential upside of nearly 18% from Monday's close. Shares of Bharti Airtel closed nearly 1% lower at INR 2,069.70 on the National Stock Exchange on Monday.

In the medium term, the brokerage expects multiple levers to drive growth in the telecom major's average revenue per user to mid single digits. This would in turn support double-digit growth in earnings before interest, tax, depreciation, and amortisation for the company's India business, CNBC-TV18 said, citing Morgan Stanley. The brokerage also expects a sustained improvement in Bharti Airtel's return ratios, with return metrics likely to move above 20%.

The brokerage said it expects the ongoing industry repair phase in the Indian telecom sector to continue in the near term. It further said that it expects a tariff hike in the first quarter of 2026–27 (Apr-Mar). According to the brokerage, the stock is likely to start factoring in expectations of higher tariffs over the coming months, even ahead of the actual hike. 

Of the 16 brokerage reports on the company available with Informist, 15 have a 'buy' or equivalent rating on the stock with an average target price of INR 2,113 and the remaining one has a 'reduce' rating on the stock with a target price of INR 2,125. (Arya S. Biju)

Equity Alert: Asian indices opens lower tracking global cues  

MUMBAI--0812 IST--Most Asian indices opened in the red, tracking the sell-off in the artificial intelligence stocks on the Wall Street. Major AI players in the US, such as Oracle and Broadcom, fell over 5% and 2%, respectively, and Microsoft also saw some losses. Japan's Nikkei 225 fell 1.29% in early trade and Hong Kong's Hang Seng Index fell 1.50%.

Basic materials and real estate stocks were the major drag on Japan's Nikkei. Flash purchasing managers index numbers from S&P Global showed that the business activity in Japan for December is expected to be lower than November. The figures came in at 51.5 compared with 52 in November. For Australia, business activity expanded at a slower pace, with the composite PMI falling to 51.5 in December from 52.6 in the previous month, CNBC reported. 

South Korea's Kospi fell 1.6% as shares of Korea Zinc plummeted as much as 11.2% after the company reportedly agreed to sell $1.9 billion of shares of a joint venture controlled by the US government and unnamed US-based strategic investors, Reuters reported.     

Following were the levels of key Asian indices at 0744 IST:

(Adhithya Aji)

Equity Alert: Indices seen opening flat amid negative global cues

MUMBAI--0810 IST--Domestic headline indices are expected to open largely flat amid negative global cues. Most Asian indices were lower in early trade, tracking overnight losses on Wall Street. All major indices in the US closed lower Friday as artificial intelligence-related stocks continued to weigh down markets. However, domestic indices may not see a big sell-off as the country does not offer any major AI-related opportunities.

The S&P 500 and Dow Jones Industrial Average index ended slightly lower Monday after opening the session in positive territory as key stocks related to artificial intelligence continued to be under selling pressure. Investors turned away from artificial intelligence stocks, especially those related to AI infrastructure, and instead moved to areas more sensitive to the economy, such as consumer discretionary, industrials, and healthcare, CNBC reported. The tech-heavy Nasdaq Composite index closed nearly 1% lower at 23057.413 points. 

In Asia, most equity indices opened on a weak note, down 0.1-1.6%. South Korea's Kospi, Hong Kong's Hang Seng Index, Japan's Nikkei 225 Day, and Taiwan's Topix First Section were down around 1-2%. 

The GIFT Nifty contracts suggest the Nifty 50 may open either flat or with minor gains. At 0808 IST, the December contract of the GIFT Nifty was trading at 26038.50 points, just a few points above the Nifty 50's close on Monday. The Nifty 50 ended Monday's session at 26027.30 points, down 0.1%.

"The Nifty index is trading close to price and trendline resistance of 26060 spot levels. Cross and sustenance above the same might take it up to 26200 spot levels in near term," Vipin Kumaar, derivatives and technical analyst at Globe Capital Market, said. He expects the 50-stock index to move sideways by the time it is trading below 26060 levels. "Options data has turned slightly positive with intraday supports in 25950-25875 spot levels and resistance around 26130 spot levels," Kumaar added. (Arya S. Biju)

Equity Alert: US indices end lower ahead of key econ data report

MUMBAI--0737 IST--US indices ended lower as investors braced for key economic data reports that are due this week. The S&P 500 ended slightly lower Monday as some artificial intelligence stocks came under pressure. Investors opted for more sensitive areas to the economy, such as consumer discretionary and industrials. They also had positive optimism on healthcare shares. This came after the tech-heavy index Nasdaq and the S&P 500 finished the Friday session lower. 

Shares of Broadcom and Oracle declined more than 5% and 2%, respectively. Other tech majors such as Microsoft also suffered some losses, CNBC reported. On a weekly basis, the Dow Jones, which is less exposed to tech and AI stocks, rose 1.42% whereas the S&P 500 and the Nasdaq declined 0.44% and 2.07% respectively.

The economic data reports such as non-farm payrolls for November and October retail sales, due this week, could set the tone for the market. Economists forecast the non-farm payroll data to show addition of 50,000 jobs November, significantly lower than 119,000 jobs added in September, as per the CNBC report. Both these data reports will be released Tuesday. These reports were delayed due to the US government shutdown that took place earlier.

Following are the closing levels of US indices Monday:

(Adhithya Aji)

US$1 = INR 90.84

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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