Equity Alert
Indices seen flat at open after recent profit booking
This story was originally published at 08:57 IST on 8 January 2026
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Equity Alert: Indices seen flat at open after recent profit booking
MUMBAI--0830 IST--Benchmark equity indices are likely to be rangebound Thursday after closing lower for the previous three sessions. Investors booked profits since Monday after the Nifty 50 touched fresh record high, analysts said. GIFT Nifty contracts suggest the Nifty 50 index will be flat at open Thursday as it is just 40 points higher than the previous close.
At 0827 IST, the GIFT Nifty's January contract was at 26168.50 points, higher than the Nifty 50's close of 26140.75 points on Wednesday. The Nifty 50 is seen facing resistance at 26270 points and finding support at 26000 points, Vipin Kumaar, derivatives and technical analyst at Globe Capital Market, said. "Intraday trend is more or less sideways (till) the Nifty (50) is trading below 26200 spot levels," he said.
Wednesday, the Nifty 50 closed lower for the third session, down 37.95 points or 0.1%. The BSE Sensex closed at 84961.14 points, down 102.20 points or 0.1%. "The gradual downward correction is expected to end soon and the Nifty is likely to bounce back from near the crucial support of around 26100–26000 levels in the short term," Nagaraj Shetti, senior technical research analyst at HDFC Securities, said in a note.
US indices, except the Nasdaq Composite index, closed lower Wednesday. The S&P 500 was dragged down by declines in JP Morgan, Blackstone, and other financial services stocks, Reuters reported. Nvidia and Alphabet lifted the Nasdaq Composite as investors shifted towards artificial intelligence-related stocks, according to the report. Asian indices were mixed in early trade Thursday, with South Korea's KOSPI leading the pack of gainers. KOSPI was higher for the fifth straight session. (Arundathi A R)
Equity Alert: Asian indices mixed Thu amid global geopolitical tensions
MUMBAI--0759 IST--Asian equity markets were mixed in early trade Thursday, tracking overnight movement in US indices amid geopolitical instability across the globe. While Hong Kong's Hang Seng was the worst hit index in Asia, South Korea's Kospi led the gains after opening slightly lower.
Rising tensions between China and Japan affected the market sentiment in these countries, as China's CSI 300 and Japan's Nikkei 225 and Topix were 0.1-0.7% lower in initial trade. China escalated trade tensions with Japan by investigating semiconductor chemicals a day after banning dual-use military goods exports to Japan, citing price drops amid tensions over Taiwan, according to media reports. Japan's Prime Minister Sanae Takaichi's comments about military intervention in Taiwan, along with a lawmaker's visit there, led to Beijing's retaliatory trade measures against Tokyo, the report said.
Investors should be more selective when choosing Chinese technology stocks this year, Dow Jones Newswires cited Barclays analysts as saying in a research note. "Government policies to drive economic recovery were a tailwind for Chinese tech stocks in 2025 and drove broader gains," the report cited analysts.
Australia's S&P/ASX 200 was slightly higher after a choppy open. Shares of BlueScope Steel fell 2%, after the company rejected a $9-billion takeover bid from Australian conglomerate SGH and US-based Steel Dynamics, according to CNBC.
Following are the levels of key Asian indices at 0757 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4758.4337 | (-)0.38 |
|
Hang Seng Index |
26105.91 | (-)1.33 |
|
KOSPI |
4607.28 | 1.24 |
|
Nikkei 225 Day |
51753.59 | (-)0.40 |
|
TOPIX FIRST SECTION |
3508.61 | (-)0.08 |
|
FTSE Singapore Straits Times |
4754.66 | 0.15 |
|
S&P/ASX 200 Index |
8732.50 | 0.42 |
(Simran Rede)
Equity Alert: US indices end mixed Wed; S&P 500 dn as bk, energy stocks fall
MUMBAI--0748 IST--US indices ended mixed on Wednesday, with the S&P 500 and the Dow Jones Industrial Average pulling back from record levels. Banking and energy sector stocks led to the fall in indices, while technology stocks lifted the Nasdaq Composite, which ended 0.2% higher.
Financial sector stocks such as JP Morgan, Bank of America, and Wells Fargo fell. JP Morgan was down 2.3?ter Wolfe Research downgraded the stock to "peer perform" from "outperform," Reuters reported. Blackstone and Apollo Global Management fell more than 5%, which led to a 1.4?cline in the S&P financials index. In the energy sector, Exxon Mobil fell 2%, Chevron was down over 1%, and ConocoPhillips down over 3%.
Shares of oil refiners, Valero Energy and Marathon Petroleum rose 3% and 1%, respectively on positive sentiment that oil sales from Venezuela will continue and sanctions would be reduced, CNBC reported, citing sources.
Tech giants Nvidia and Microsoft rose about 1?ch and Google's parent company Alphabet rose more than 2%. The stocks were up as investors shifted back to artificial intelligence-related stocks following recent worries about overvaluation, Reuters reported.
Following are the closing levels of US indices Wednesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6920.93 |
(-)0.34 |
|
NASDAQ Composite |
23584.27 |
0.16 |
|
Dow Jones Industrial Average |
48996.08 |
0.94 |
(Adhithya Aji)
US$1 = INR 89.88
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Vandana Hingorani
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