logo
appgoogle
EquityWireEquity Alert: Nuvama ups Century Plyboards target price by 6%, retains 'buy'
Equity Alert

Nuvama ups Century Plyboards target price by 6%, retains 'buy'

This story was originally published at 12:59 IST on 23 December 2025
Register to read our real-time news.

Informist, Tuesday, Dec. 23, 2025                                      Tel +91 (22) 6985-4000


Equity Alert: Nuvama ups Century Plyboards target price by 6%, retains 'buy' 

 

MUMBAI--1230 IST--Broking firm Nuvama Institutional Equities has raised its target price for Century Plyboards (India) by nearly 6% to INR 1,028 and maintained its 'buy' recommendation on the stock. The brokerage is rolling forward its price-to-earnings ratio of 40 at the earnings per share for the December quarter of 2027-28 (Apr-Mar), it said in a report.

 

Nuvama has a positive outlook on the stock as the company is confident of achieving INR 120 billion of revenue by FY31, targeting 18% of compounded annual growth. The company also said it could achieve INR 7 billion-INR 7.5 billion of revenue from its current gross block and needs further investment of INR 20 billion-INR 25 billion by FY29 to achieve the FY31 target. 

 

The brokerage sees the company's December quarter margins muted, in line with the September quarter, due to elevated raw material costs of both timber and resins along with industry-level overcapacity. The ramp-up of the company's Badvel unit has been strong with the medium-density fiberboard category achieving a blended utilisation of 56% from 70% with capacity doubling due to the new unit, the brokerage said in the report. Nuvama expects Century Plyboard's margins to improve significantly from the second half of FY27, as utilisation hits 90%. The company's particle board is expected to record earnings before interest, tax, depreciation, and amortisation breakeven by the December quarter of FY26.

 

At 1232 IST, shares of Century Plyboards were up nearly 1% at INR 832.20 on the National Stock Exchange. The stock is up for the third straight session and gained nearly 5% during this period. Over 107,000 shares of the company changed hands with the NSE so far the day, which is sharply higher than over 19,000 shares traded till the same time Monday.

 

Of the 12 brokerage recommendations available with Informist on the company, eight have a 'buy' recommendation with an average target price of INR 899. Three have a 'hold' recommendation and the remaining one has a 'sell' recommendation on the stock.  (Arundathi A R)


Equity Alert: Indices remain range-bound; select IT cos partially recover

 

MUMBAI--1226 IST--Benchmark indices continued to move in a range in midday trade, with most index heavyweights declining. Energy companies remained higher, while a few information technology companies were able to recover from a fall earlier in the day.

 

At 1226 IST, the Nifty 50 was at 26183.80 points, up 11.40 points. The BSE Sensex was at 85524.31 points, down 43.17 points. Tata Motors Passenger Vehicles gained steadily and was up 2%. Shares of Ultratech Cement were off highs, but trading 1.5% higher. Coal India remained the top Nifty 50 constituent and was up almost 4%. Others in the energy sector such as Power Grid Corp., NTPC, and Oil and Natural Gas Corp. were over 1% higher. Meanwhile, shares of Wipro and Tata Consultancy Services traded close to their day's lows and were almost 1% lower each. HCL Technologies was able to find its way back into the green and traded 0.6% higher. 

 

Index heavyweights painted a mixed picture, with shares of HDFC Bank rising 0.6%, while those of ICICI Bank, Bharti Airtel, and Infosys declined 0.5–1.4%.   

 

The Nifty Media index was the best performing sectoral index and was up almost 1%. Among its constituents, Nazara Technologies rose nearly 8% and Prime Focus, Network18 Media & Investments, and Sun TV Network were up 3–9%.

 

Among others, Jupiter Wagons rose for the third consecutive session and was up over 13%. The stock has advanced over 13?ter promoter Tatravagonka A.S. on Monday acquired 2.87 million shares for INR 1.35 billion at a price of INR 470 per share, a premium of nearly 81% to the previous closing price. Meanwhile, KSH International made its debut on the National Stock Exchange at a discount of 3.6% to the issue price. The stock is down nearly 8?ter a little over 3 million shares of the company exchanged hands so far on the bourse.  (Eshitva Prakash)


Equity Alert: Coal India up for fifth session; co's arm plans INR 13-bln IPO

 

MUMBAI--1200 IST--Shares of Coal India were up for the fifth straight session, having gained 5% during this period. The stock rose nearly 4% to an intraday high of INR 400.75 Tuesday.

 

The company's arm, Bharat Coking Coal, plans an initial public offering of INR 13 billion soon. The issue is expected to be an offer for sale, with Coal India planning to dilute around 10% of its equity stake in Bharat Coking Coal. This translates into the sale of nearly 465.7 million equity shares, Mint reported. The entire IPO proceeds will go to Coal India and not to its arm, as no fresh shares are being issued and the stake sale is aimed at improving transparency and unlocking value through market participation, according to the news report.

 

At 1152 IST, shares of the company traded nearly 4% higher at INR 400.35 on the National Stock Exchange. Over 11 million shares of the company have changed hands on the NSE so far, higher than over 1 million shares traded till the same time Monday. Of the 13 brokerage recommendations available with Informist on the company, nine have a 'buy' recommendation on the stock with an average target price of INR 468. Three have a 'sell' recommendation while the remaining one has a 'hold' recommendation.  (Arundathi A R)


Equity Alert: Cholamandalam Investment rises 8?ter 2 sessions of fall

 

MUMBAI--1143 IST--Cholamandalam Investment and Finance Co. rose 8% to an intraday high of INR 1,713.40 after falling for two consecutive sessions. The stock fell to its three-month low of INR 1,554.70 during the previous trading session. In Monday's session, over 5.78 million shares of the company exchanged hands on the National Stock Exchange, which was nearly 2.5 times higher than the volume of shares traded on the bourse on Friday and was the highest in nearly 5 months. At 1123 IST,  the stock was up over 7% at INR 1,700 on the National Stock Exchange. Over 5 million shares of the company traded on the bourse so far during the session.

 

The shares fell during the previous session after a report from Cobrapost, a non-profit news website and television production house, made several allegations against the company and the parent Murugappa group. The report alleged that more than INR 100 billion has been moved through related-party transactions, which have mostly benefited Murugappa Group entities, family members, and key management personnel of the company. Cobrrapost said Cholamandalam Investment and Finance has made cash deposits of around INR 250 billion across 14 banks over the past six years. Of the 14 banks, eight of them are private entities while the remaining are public sector banks, according to the report. Murugappa Management Services, a privately held promoter group company, was allegedly used as a special purpose vehicle to divert funds of INR 6.75 billion which was extracted from 17 group companies, according to the report. The boost in commissions to INR 9.42 billion between 2024 and 2025 for the company's insurance business raised concerns, as a substantial part of its revenues comes from financing vehicles and loans. The report questioned whether the company was bundling insurance with vehicle loans, which is a prohibited practice by regulatory agencies like the Insurance Regulatory and Development Authority of India. 

 

Cholamandalam Investment and Finance Co. in an exchange filing Tuesday denied these claims and labelled them as malicious and baseless. The company said it has complied with all regulations on reporting its related-party transactions and business practices in its financial statements. The company further said that its asset quality and liquidity position continue to be robust and that there is no revision in its guidance that was provided in the past. The company's cash and bank balances stood at INR 149 billion as of Nov. 30. On the large cash deposits, the company said it primarily caters to the needs of over 5 million small road transport operators and self-employed non-professionals across 1,700 branches in India. These borrowers earn and pay in cash which are collected and deposited in banks and the collection process is subject to internal and external scrutiny. This process is also covered by its internal systems and is subject to a statutory audit, the company said. For the issue of related-party transactions, the company said it was in compliance with legal and accounting requirements and that all such transactions have been disclosed in full and complete details provided in its financial statements, according to the filing. 

 

Apart from the company's remarks, analysts said the payments made by Cholamandalam Management Services to various group entities were standard industry practice and the amount was not excessive, according to a report from CNBC-TV18. Analysts also said that the INR 250 billion worth of cash deposits constitute less than 12% of Cholamandalam Investment and Finance Co.'s collections and should be seen as a positive because its cash collections constitute nearly 20-40% of the total collection, the report added.

 

The stock was down for five out of the past six sessions. It fell nearly 9% during this period. 

 

Of 20 brokerage reports on the company available with Informist, 11 have a 'buy' recommendation on the stock with an average target price of INR 1,733, six have a 'hold' recommendation and three have a 'sell' recommendation.   (Akshat Saksena)


Equity Alert: Orient Cement up 9%, ACC dn after Ambuja Cements OKs merger

 

MUMBAI--1140 IST--Shares of Orient Cement rose over 9% to INR 179, their highest in over a month, after brokerages said that the merger swap ratio announced for ACC and Orient Cement, as part of their merger with Ambuja Cements was positive for its shareholders. Meanwhile, shares of ACC fell over 2% soon after opening to INR 1,746, their lowest price in over two years as the merger swap ratio was seen as neutral for the company. Shares of Ambuja Cements rose over 4% to an over one-month high of INR 563.5.

 

Ambuja Cements's board Monday approved the schemes of amalgamation of ACC and Orient Cement with itself, paving the way for the creation of a large single cement entity under the Adani group. The company also announced it would issue 328 equity shares to shareholders of ACC for every 100 shares held and 33 equity shares to Orient Cement's shareholders for every 100 shares held, as part of the merger scheme. This merger swap ratio was at a minor discount to ACC's closing level on Monday, while it was at 9% premium to Orient Cement's closing level. On Monday, shares of ACC closed nearly 2% higher at INR 1,782.50 on the NSE, and those of Orient Cement ended up 1% at INR 163.52.

 

At 1127 IST, shares of Orient Cement and Ambuja Cements was up around 5% and 2%, respectively, while those of ACC were down around 1%. Though the deal appears to be neutral for ACC, it is positive for Ambuja Cement's shareholders, as ACC trades at a steep discount to Ambuja Cement, brokerage Motilal Oswal Financial Services said in a report. 

 

The merged entity will deliver operational synergistic benefits by optimising logistics networks, strengthening balance sheet, and facilitating efficient capital allocation, Emkay Global said, citing the management of Ambuja Cement. The company had guided for cost savings of at least INR 100 per tonne in the near-to-medium term post the marger. This initiative also aligns with Ambuja Cement's strategic plan of increase its cement production capacity to 155 million tonnes per annum by 2027-28 (Apr-Mar). (Arya S. Biju)


Equity Alert: Indices move in range; IT, select heavyweights weigh on mkts

 

MUMBAI--1120 IST--Indices moved in a range in early trade, weighed down by declines in shares of select index heavyweights and information technology companies. Metal companies, which have been up for most of the session, were off their intraday highs. Fast moving consumer goods companies and energy companies prevented indices from sliding further.

 

At 1114 IST, the Nifty 50 was at 26191.55 points, up 19.15 points. The 50-stock index has been moving in a below 100-point range throughout the session, from a high of 26206.55 points to a low of 26119.05 points. The BSE Sensex was at 85575.09 points, up 7.61 points. Energy companies such as Coal India, Power Grid Corp. of India, and NTPC continued to edge higher. Several fast-moving consumer goods companies such as Tata Consumer Products, Hindustan Unilever, and ITC were up after dipping lower at the session's start. Information technology companies such as Infosys, Wipro, and Tech Mahindra were off their intraday lows. Shares of Shriram Finance rose over 1% and were higher for the fifth straight session.

 

Index heavyweight ICICI Bank fell 0.6% and Bharti Airtel declined 1%. These stocks, along with Infosys, were a major drag on the market.

 

Among other stocks, Cholamandalam Investment and Finance Co. rose more than 7?ter the company called the allegations of corporate misgoverance against it as malicious and baseless "with ulterior motives". Investigative news agency Cobrapost in a blog post late Monday highlighted a "worrying pattern" of large-value cash transactions and related-party transactions between the listed non-banking finance company, its subsidiaries and the parent Murugappa Group. The stock had fallen over 5% in the past two sessions.  

 

A majority of sectoral indices were up, with the Nifty Media, Nifty Media, and the Nifty Energy index rising around 0.7-1.0%. However, the Nifty Auto and the Nifty IT index declined 0.1% and around 1%, respectively.

 

In the broader market, the Nifty Smallcap 250 index and the Nifty Smallcap 100 index rose 0.3?ch. Meanwhile, the Nifty midcap 150 index was flat, with shares of Balkrishna Industries, ACC, Ajanta Pharma around 1% lower each. (Eshitva Prakash)

 

 


Equity Alert: Indices turn flat; tech stocks off lows, energy cos gain

 

MUMBAI--1015 IST--Benchmark indices turned flat after moving lower in early trade on the back of gains in financial services, banks, and energy companies. Information technology stocks continued to trade lower, but were off their intraday lows. A fall in select index heavyweights prevented indices from rising further. Small-cap indices performed slightly better than their benchmark peers and other broader market indices.  

 

At 1015 IST, the Nifty 50 was at 26183.30 points, up 10.90 points. The BSE Sensex was at 85564.69 points, lower by 2.79 points, as compared to Monday's closing level. Information technology companies continued to trade lower and except Mphasis all other constituents of the Nifty IT index traded in the red. Shares of Coforge fell over 4% and those of Persistent Sytems, and Orcale Financial Services Software were 1% lower each. An almost 2?ll in technology major Infosys was a major drag on the market. Shares of Wipro and HCL technologies were 0.3% lower each, but off their intraday lows when they had fallen 1%.

 

Coal India, Oil and Natural Gas Corp., and Power Grid Corp. of India were up 1-3% and were among the top constituents of the Nifty 50 index. Shares of Reliance Industries were flat after falling in the first half-hour of trading. A 0.6% rise in shares of yet another index heavyweight, HDFC Bank, supported the Nifty 50. Financial services and bank stocks such as Bajaj Finance, Kotak Mahindra Bank, Shriram Finance, and SBI Life Insurance Co. were 0.4-0.7% higher. However, ICICI Bank and Bharti Airtel traded nearly 1% lower each, putting pressure on the Nifty 50.

 

Smallcap indices outperformed their benchmark peers and the Nifty Smallcap 250 index was 0.4% higher. Shares of Alok Industries, Akums Drugs and Pharmaceuticals, and Aarti Industries rose 3-8%. However, not all broader market indices could replicate these gains and the Nifty Midcap 150 index was flat.  

 

Among other stocks, Orient Cements rose nearly 6%. Brokerages Tuesday said that the merger swap ratio announced for ACC and Orient Cement, as part of their merger with Ambuja Cements, was neutral for ACC shareholders, but positive for shareholders of Orient Cement since the merger swap ratio was at a minor discount to ACC's closing level on Monday, while it was at 9% premium to Orient Cement's closing level. (Eshitva Prakash)


 

Equity Alert: Motilal Oswal initiates coverage on FSN Comm with 'neutral'

 

MUMBAI--0956 IST--Motilal Oswal initiates coverage on FSN E-Commerce Ventures with a 'neutral' recommendation and a target price of INR 280, an upside of 11% to the current market price. The brokerage expects the company's consumer-facing brand Nykaa to be the beneficiary of India's shift from offline to online retail and from unorganised to organised formats, particularly in the beauty and personal care segment. "With a leading position in the online BPC market, the company is well-placed to scale up as the category matures", Motilal Oswal said. 

 

The brokerage expects the company to deliver a compound annual growth rate of 26% in the beauty and personal care gross merchandise value over 2024–25 (Apr-Mar) to FY30 and 22% over FY25 to FY37. This is likely to be driven by continued online adoption and a rising premium mix, according to the brokerage. The earnings before interest, tax, depreciation, and amortisation of the segment are estimated to post a compound annual growth rate of 35% over FY25 to FY30, supported by operating leverage and increasing contribution from owned brands under the house of Nykaa, Motilal Oswal said.

 

Nykaa's beauty and personal care segment, which contributes 90% of the company's revenue, is estimated to sustain a healthy customer addition of 25.2% for FY27 and 22.5% for FY28, Motilal Oswal said. The company recorded a customer addition of 18.1% in FY24 and 27.4% in FY25. The online beauty and personal care market is expected to grow two times faster than overall market of the segment, supported by rising internet penetration, digital influence, and formalisation of retail, according to the brokerage. 

 

The fashion business of the company is expected to post gross merchandise value compound annual growth rate of 20% over FY25 to FY37. The brokerage also estimates a gradual EBITDA margin expansion for the segment over the same period. Failure to continuously refresh assortments in a fast-evolving beauty landscape, demand slowdowns in discretionary consumption, escalation in customer acquisition costs, and slower-than-expected profitability in the fashion segment are key downside risks, according to Motilal Oswal. 

 

Tuesday, shares of the company fell after rising 4% for two consecutive sessions. At 0952 IST, shares of the company were tradin nearly 1% lower at INR 252.10 on NSE. Over 951,338 shares of the company changed hands, which is higher than 522,514 shares traded till the same timeiod Monday.   (Adhithya Aji)


 

Equity Alert:Indices slightly lower after flat open; IT cos, heavyweights dn

 

MUMBAI--0940 IST--Benchmark indices opened flat and moved slightly lower in the opening minutes of the trade Tuesday, after rising for two straight sessions. Information technology stocks that had risen in the previous few days were hit the hardest and select index heavyweights also fell. A rise in shares of energy and metal companies, however, limited further losses.

 

At 0934 IST, the Nifty was at 26143.50 points, down 28.90 points or 0.1%. The BSE Sensex was at 85410.03 points, down 157.45 or 0.2%. Shares of IT companies such as Infosys fell almost 2% and those of Tata Consultancy Services, Wipro, and HCL Technologies fell around 1?ch. Healthcare-related stocks such as Sun Pharmaceutical Industries, Dr. Reddy's Laboratories, and Max Healthcare Institute traded in the red, while Cipla was slightly up. Meanwhile, Coal India rose the most among Nifty 50 companies and was up more than 2%. Other energy companies such as Oil and Natural Gas Corp. and Power Grid Corp. of India rose around 1?ch.

 

A rise in shares of Nifty heavyweight HDFC Bank limited the losses. However, shares of ICICI Bank fell 0.6% and were a drag on the 50-stock index. Reliance Industries also traded lower.

 

Shares of metal companies such as Tata Steel and JSW Steel traded in the green, while among the small companies, Hindustan Copper, NMDC, and Welspun Corp. rose 1–2%. The Nifty Metal index rose for the fifth straight session and was up 0.6%, while the Nifty IT index, which had risen for the previous four sessions, slumped over 1%. The Nifty Energy index was 0.5% higher.

 

Among other stocks, Ambuja Cements rose 2?ter the company's board approved the scheme of amalgamation of ACC and Orient Cement with itself, which paves way for the creation of a large single cement entity under the Adani group. "We believe that the merger will simplify the corporate structure and would help Ambuja in optimising overall cost structure," ICICI Securities said. While this will result in around 10?rnings per share dilution for Ambuja Cements, the company is well positioned in terms of growing better-than-industry and continuous focus on operational efficiencies, the brokerage said.  (Eshitva Prakash)

 


Equity Alert: Merger swap ratio neutral for ACC, positive for Orient Cement

 

MUMBAI--0850 IST--Brokerages said Tuesday that the merger swap ratio announced for ACC and Orient Cement, as part of their merger with Ambuja Cements, was neutral for ACC shareholders, but positive for shareholders of Orient Cement. Brokerages said in their reports that the merger swap ratio was at a minor discount to ACC's closing level on Monday, while it was at 9% premium to Orient Cement's closing level.

 

Ambuja Cements announced Monday that it will issue 328 equity shares to ACC shareholders for every 100 shares held as part of the merger scheme. Further, Ambuja Cements will issue 33 equity shares to Orient Cement's shareholders for every 100 shares held. On Monday, shares of ACC closed nearly 2% higher at INR 1,782.50 on the NSE, and those of Orient Cement ended up 1% at INR 163.52.

 

Brokerages were largely positive around the merger plans of Ambuja Cements. Post the announcement, Motilal Oswal Financial Services maintained its 'buy' recommendation on the stock with a target price at INR 750. Emkay Global Financial Services retained its 'add' recommendation on the stock and a target price of INR 650. On Monday, shares of Ambuja Cements had closed marginally higher at INR 539.95.

 

"Though the deal appears to be neutral for ACC, we believe that it is positive for ACEM (Ambuja Cements) shareholders, as ACC trades at a steep discount to ACEM," brokerage Motilal Oswal said. "This deal also removes the uncertainties about the merger timelines (subject to regulatory approvals) and would help to create a single pure-play cement entity for the Adani group."  (Anshul Choudhary)


Equity Alert: Indices seen opening higher on positive global, domestic cues

 

MUMBAI--0814 IST--Benchmark equity indices are expected to open higher Tuesday, extending their gains for the third straight session after losing almost 1% in the four sessions before that. While uncertainty over the long-awaited India-US trade deal timeline remains an overhang, the slight recovery in the domestic currency against the dollar in the past few sessions and positive global cues are seen supporting the market, analysts said.

 

The GIFT Nifty contracts suggest the Nifty 50 may open slightly higher. At 0752 IST, the December contract of the GIFT Nifty was at 26265 points, around 93 points above the Nifty 50's close on Monday. The Nifty 50 ended 0.8% higher at 26172.40 points on Monday. Having closed above the 26150-points mark Monday, some technical analysts now expect the Nifty 50 to hit a fresh record high in the immediate near term. However, Tuesday's session is expected to remain volatile on the expiry of the weekly derivatives contract of the Nifty 50. 

 

After the slight recovery in the past three sessions, the domestic currency fell against the dollar Monday as banks persistently bought dollars on behalf of oil marketing companies. The Indian unit had appreciated nearly 2% against the dollar in the three sessions before Monday after hitting a fresh record low last week. Foreign portfolio investors turned net sellers of Indian equities Monday, after being net buyers for three days in a row. They sold stocks worth INR 4.57 billion Monday. Meanwhile, domestic investors continued to be net buyers and bought stocks worth INR 40.58 billion Monday. 

 

Overnight, major US indices closed higher buoyed a continued rebound in artificial intelligence-related stocks and a broad-based rise across most sectors. The S&P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq Composite closed 0.5-0.6% higher, exntending gains for the third day in a row. Most indices in Asia were also higher in early trade, tracking overnight gains in their Wall Street peers. Australia's S&P/ASX 200 led the gains in the Asian market, up over 1%. (Arya S. Biju)


Equity Alert: Asian indices open higher tracking positive global cues


MUMBAI--0754 IST--Most Asian indices opened on a positive note Tuesday tracking the overnight gains on Wall Street, which was boosted by rise in technology stocks. Japan's Nikkei 225 was up 0.1% and the broad-based Topix was up 0.5%. Singapore's FTSE Singapore Strait Times was up 0.1% ahead of the release of the country's November inflation report. Economists expect the country's inflation rate to rise to the highest level in 2025, CNBC reported.

 

South Korea's KOSPI was up 0.5% and Australia's SP/ASX 200 Index was up 0.9%. China's CSI 300 Index was up 0.1% and Hong Kong's Hang Seng Index was up 0.2%. 

 

In the US, shares of Nvidia rose more than 1% following a Reuters report that the company plans to commence the shipping of H200 chips to China by mid-February. Other tech companies such as Micron Technology was up 4% and Oracle rose over 3%. The S&P 500 ended 0.6% higher, while the Nasdaq Composite and the Dow Jones Industrial Average ended 0.5% higher each.  

      

Following were the levels of key Asian indices at 0755 IST:

 

Level

Last

Change in %

S P/ ASX 200 INDEX

8780.5

0.93

FTSE Singapore Strait Times

4616.73

0.14

Hang Seng Index

25857.69

0.22

Nikkei 225 Day

50458.45

0.11

CSI 300 Index

4615.68

0.09

TOPIX FIRST SECTION

3423.71

0.54

KOSPI

4124.4

0.45

 

 

(Adhithya Aji)


Equity Alert: US indices end higher at start of holiday-shortened week

 

MUMBAI--0731 IST--US equity indices closed higher on Monday, supported by gains in artificial intelligence-related stocks. The indices rose for the third consecutive session at the start of the holiday-shortened week. The tech-heavy S&P 500 rose 0.6%. The Nasdaq Composite and Dow Jones Industrial Average were up 0.5?ch.

 

Key artificial intelligence stock Nvidia rose over 1?ter Reuters reported that the tech giant aimed to start shipping AI chips to China before the Lunar New Year holiday in mid-February. The company plans to fulfil initial orders from existing stock, with shipments expected to total 5,000 to 10,000 chip modules, which is equivalent to about 40,000 to 80,000 H200 AI chips, Reuters reported, citing sources. 

 

Micron Technology rose around 4%, while Oracle advanced more than 3%. Investors are watching to see whether AI stocks can retain their momentum heading into the year-end, especially when investors move into the cheaper sectors of the market due to concerns regarding higher valuations. The market is also doubtful whether a 'Santa Claus rally' will materialise, as the S&P 500 struggles to hold a key technical level, CNBC reported.

 

"From a market perspective, there's not a whole bunch of things that are going to move it, in my opinion, so everybody is, rightfully so, looking for the Santa Claus rally," Will McGough, deputy chief investment officer at Prime Capital Financial, was quoted as saying by CNBC. He is waiting to see at what level the market ends, especially with the S&P 500 nearing the 7,000 level, he added. So far, the index has risen about 17% in 2025, which is lower than the rise of 24% in 2023 and 23% in 2024, as per the CNBC report. 

 

The New York Stock Exchange will close early on Wednesday on Christmas Eve and will be closed Thursday for Christmas.   

 

Following are the closing levels of US indices Monday:

 

Index

Level

Change in %

S&P 500

6878.49

0.64

NASDAQ Composite

23428.829

0.52

Dow Jones Industrial Average

48362.68

0.47

   

(Adhithya Aji)

 

US$1 = INR 89.75

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.

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.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.

To read more please subscribe

Share this Story:

twitterlinkedinwhatsappmaillinkprint

Related Stories

Premium Stories

Subscribe