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Informist, Monday, Feb. 9, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices open higher on India-US trade deal optimism; SBI up 6%

 

MUMBAI--0945 IST--Benchmark equity indices opened higher after the release of the joint statement on the recently concluded India-US trade deal, in which the US is set to cut reciprocal tariffs on Indian goods to 18% from 25%, lifted sentiment. This trade deal is also seen as a $30-trillion market opportunity for Indian exporters. The Nifty 50 was supported by gains in the stock of State Bank of India, which rose nearly 6% on the back of strong December quarter earnings. 

 

At 0936 IST, the Nifty 50 was at 25799.40 points, up 105.70 points or 0.4%, and the BSE Sensex was at 83917.79 points, up 337.39 points or 0.4%. 

 

State Bank of India was the top gainer in the Nifty 50 index. Dr. Reddy's Laboratories was the second-highest gainer, up nearly 2%. Shares of Tata Steel, Eternal, Titan Co., Adani Enterprises, and Hindalco Industries were up 1?ch. Financial services stocks like Jio Financial Services, Shriram Finance, SBI Life Insurance Co., and Kotak Mahindra Bank were up 1?ch. 

 

Shares of State Bank of India rose after the bank reported a net profit of INR 210.28 billion and total income of INR 1.41 trillion, both 4% higher sequentially. Moreover, the state-owned bank has also revised its credit growth guidance for 2025-26 (Apr-Mar) due to robust demand for credit across segments. 

 

Max Healthcare Institute and Eicher Motors were the worst performers on the 50-stock index, down 1?ch. Fast-moving consumer goods stocks of ITC, Nestle India, and Hindustan Unilever were down nearly 1?ch.  
    

Kalyan Jewellers was the top gainer among the Nifty 200 constituents, up 11%. The stock rose after the jewellery seller reported a consolidated net profit of INR 4.16 billion for Oct-Dec, up over 90% on year, on a revenue of INR 103.43 billion, up over 42% on year. The stock was one of the top gainers among Nifty 500 constituents as well.

 

In contrast, Siemens was the worst hit in the Nifty 200 index, down over 3%. The consolidated net profit of the company for the December quarter fell nearly 55% on year to INR 2.77 billion.         

 

Shipping Corp. of India rose 13% to be the top gainer in the Nifty 500 index. The stock rose after the consolidated net profit of the company rose five-fold on year to INR 4.05 billion for the December quarter. Sarda Energy & Minerals was the worst hit in the Nifty 500 index, down nearly 4%.  (Adhithya Aji)   

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Equity Alert: Indices seen higher after India-US trade deal joint statement

 

 

MUMBAI--0827 IST--Benchmark equity indices are posied to see a gap-up open Monday after India and the US Saturday released a joint statement on the recently concluded trade deal. The market will also track sharp gains in the US market on Friday and Asian indices in early trade Monday. 

 

The US-India trade deal is seen as a big boost for India's labour-intensive export sectors. "It is important to understand that India has a $41 billion export surplus in trade with the US," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said. "This may come down as we import more energy, defence and aviation-related goods and high technology stuff from the US," he said.

 

Following this positive development on the long-awaited trade deal with the US, the GIFT Nifty contracts gained over 224 points from the Nifty 50's previous close, indicating a rise in the index Monday. The resistance for Nifty 50 is pegged at 25850-26000 points while its support is pegged at 25600-25550 points, according to Vipin Kumaar, assistant vice president – technical and derivatives at Globe Capital Market. On Friday, the 50-stock index had closed 0.2% higher at 25693.70 points and the BSE Sensex had ended 0.3% up at 83580.40 points. 

 

On Friday, US indices rebounded after the major sell-off in artificial intelligence stocks subsided. Indices in Asia surged in the early trade Monday after Japan's Prime Minister Sanae Takaichi registered a historic win in the recent snap election, boosting expectations that she will pursue drastic fiscal changes to strengthen Japan's economy.

 

Back home, shares of Tata Steel and State Bank of India will be in focus after the companies reported their December quarter earnings on Friday and Saturday. SBI reported better-than-expected net profit for the quarter on the back of the biggest annual jump in other income in 10 quarters. The bottom line of Tata Steel jumped over eight times on year as its expenses grew at a slower pace than its revenue.  (Simran Rede)

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Equity Alert: Equity indices in Asia rise, Nikkei hits fresh high

 

MUMBAI--0813 IST--Equity indices in Asia were higher, with Japan's Nikkei 225 and Topix First Section surging to record highs after Sanae Takaichi secured a historic victory in the snap elections, catapulting investor sentiment in the region. A recovery on Wall Street also contributed to the gains in the region.  

 

The Liberal Democratic Party of Japan secured two-thirds of the majority in the 465-seat lower house, CNBC reported, citing a report by Japanese broadcaster NHK. A strong win for Takaichi could be the "best outcome" for the markets in the medium term as strategic investments and tax reform help boost the equity markets, Sree Kochugovindan, senior research economist at Aberdeen Investments, was reported as saying. The country's indices have hit several highs in the last few months, led by "Takaichi Trade", with markets expecting the prime minister's economic policy to thrust the stock markets and keep the yen weaker while pushing for a looser monetary policy and higher government spending. CyberAgent Inc was among the top gainers, up over 8%, on the Nikkei. Shares of semiconductor maker Advantest Corp. were up nearly 14% and those of Sumitomo Electric Industries were up nearly 11%. 

 

US equity indices also gained on Friday, helping lift Asian equity indices, though concerns remain over investments in artificial intelligence companies and whether they will be able to provide returns. This comes as four US tech giants plan to spend $650 billion towards AI alone, Reuters reported. "Investors are sensibly rotating from AI spenders to beneficiaries, services to manufacturing, US exceptionalism to global rebalancing," BofA analysts were reported as saying. "We are long Main St, short Wall St," they added.

 

Following are the levels of key Asian indices at 0810 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4704.21	1.31
Hang Seng Index	27038.76	1.80
KOSPI	5313.48	4.41
Nikkei 225 Day	56692.92	4.50
TOPIX FIRST SECTION	3788.83	2.43
FTSE Singapore Straits Times	4973.31	0.79
S&P/ASX 200 Index	8877	1.93
IDX Composite	7908.55	(-)0.34

 

(Akshat Saksena)

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Equity Alert: US indices bounce back; Dow Jones index crosses 50,000 points

 

MUMBAI--0735 IST--Equity indices in the US made a comeback on Friday after ending lower for a couple of sessions due to fears of artificial intelligence disrupting businesses of services software companies. The Dow Jones Industrial Average index crossed 50,000 points for the first time on Friday. 

 

Shares of NVIDIA and Broadcom were among the top gainers, up 8% and 7%, respectively, CNBC reported. Shares of Oracle and Palantir were also among key gainers, rising nearly 5?ch. However, shares of software companies threatened by AI such as ServiceNow, down 2%, remained weak. "We're in a gold rush right now with AI," Falcon Wealth Planning founder Gabriel Shahin was reported as saying. Shahin believes that the market is in the middle of a "great recalibration" where investors are going to move away from growth stocks and into value, CNBC said. On Friday, investors lapped up industrial and financial stocks. Shares of Caterpillar were up over 7% and those of Goldman Sachs rose over 4%. 

 

Shares of Amazon were down nearly 6?ter the company missed the Street's view of its earnings per share for the quarter. The tech giant reported revenue of $213.39 billion against an expectation of $211.33 billion and earnings per share of $1.95 against an estimate of $1.97 by LSEG, CNBC said. The company also said it would record capital expenditures of around $200 billion in 2026 against an expectation of $146.60 billion, according to Factset. The company made a capital expenditure of around $131 billion in 2025. 

 

Investors are expected to await a monthly employment report and a consumer prices report as these were pushed back slightly on account of the three-day government shutdown in the US. The non-farm payrolls data in the US for January is expected to report an increase of 70,000 jobs, Reuters said citing its poll. Even after acknowledging the stabilisation in the job market, the US Federal Reserve held its interest rate steady at its meeting after a survey showed layoffs by US employers surged in January.

 

Following are the closing levels of US indices Thursday:  

 

Index	Level	Change in %
S&P 500	6932.30	1.97
NASDAQ Composite	23031.21	2.18
Dow Jones Industrial Average	50115.67	2.47

 

(Akshat Saksena)

 

US$1 = INR 90.55

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

 

Edited by Tanima Banerjee

 

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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