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Informist, Tuesday, Feb. 10, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian indices up; Japanese mkts lead gains post PM Takaichi win

 

MUMBAI--0857 IST--Most Asian indices opened higher with equity markets in Japan leading the gains after Prime Minister Sanae Takaichi's landslide victory in recent elections on Sunday lifted sentiment. The Nikkei 225 and Topix index breached their respective fresh record highs Tuesday, gaining 3% and 2%, respectively. 

 

The Japanese yen neared 160 per dollar, equities hit peaks, and Japanese government bond yields soared following the victory of Prime Minister Takaichi. She led the ruling Liberal Democratic Party to a supermajority in the Lower House, securing 316 seats in the party's largest election victory since World War II. 

 

Analysts said that her victory will lead to a revival of the so-called "Takaichi trade," which typically involves a weaker yen, rising equities, and higher long-dated Japanese government bond yields, CNBC reported. The trend reflects Takaichi's dovish stance on monetary policy and expectations of expanded fiscal stimulus, the report said.

 

The yield on Japan's 10-year bond was at 2.27% on Tuesday, reversing early weakness in a vote of confidence in Takaichi's "responsible, proactive" fiscal policy, Reuters reported. "The result reduces political uncertainty and strengthens the broader 'Japan is Back' narrative," Reuters cited Masahiko Loo, senior fixed-income strategist at State Street, as saying. 

 

Shares of Softbank Group Corp. surged as much as 12% Tuesday after its subsidiary company upgraded its full-year forecast for its financial year ending Mar. 31. The stock had risen 6.3% on Monday.

 

Among other indices in the region, Australia's S&P/ASX, Hong Kong's Hang Seng, and South Korea's Kospi were up 0.2-0.5%. China's CSI 300 was down 0.1% and the FTSE Singapore Straits Times was down 0.2%.  

 

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

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4715.2395	(-)0.08
Hang Seng Index	27175.65	0.55
KOSPI	5312.48	0.27
Nikkei 225 Day	57926.07	2.77
TOPIX FIRST SECTION	3861.86	2.07
FTSE Singapore Straits Times	4949.68	(-)0.22
S&P/ASX 200 Index	8884.40	0.16

 

(Simran Rede)

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Equity Alert: Mkt likely to extend gains; analysts positive on US-India deal

 

MUMBAI--0842 IST--Benchmark equity indices are likely to rise further Tuesday as investor sentiment turned positive after the recent announcement of an interim framework for the India-US trade deal, which is seen favourable for India. A strong return in the market by foreign portfolio investors in February has fuelled a risk-on sentiment, analysts said. Investors are also likely to rise tracking positive cues from strong gains in equity markets globally.

 

Shares of information technology companies will also be in focus amid global concerns around artificial intelligence tools hurting sales of software companies. Overnight, the American Depository Receipts of IT majors, Infosys and Wipro, ended around 3% lower each. Some analysts have flagged medium-term revenue concerns for IT companies.

 

Refining and crude oil producing companies will be in focus amid uncertainty regarding India's policy of crude oil purchase from Russia going forward. Under the interim framework, the US has the right to ensure compliance and can re-impose the 25% tariffs if India continues to purchase Russian crude oil. 

 

The GIFT Nifty 50 futures indicate a slightly higher start for the Nifty 50. At 0836 IST, the February contract of the GIFT Nifty was at 25980 points, up over 110 points from the Nifty 50's previous close. On Monday, the 50-stock index closed at 25867.30 points, up 173.60 points, or 0.7%, and the BSE Sensex closed at 84065.75, up 485.35 points, or 0.6%. The Nifty 50 may test 26150–26200 points in the next couple of trading sessions, Vipin Kumaar, assistant vice president – technical and derivatives at Globe Capital Market, said. On the other hand, 25500–25700 points will act as a support level for the index.

 

Overnight, equity indices in the US closed higher amid a rebound in technology stocks after last week's AI-sparked selloff, Reuters reported. The Dow Jones Industrial Average reached yet another record closing high after eking out minor gains. On Tuesday, benchmark indices in Asia were higher in early trade Tuesday, with Japan's Nikkei 225 leading the gains. Equity markets in Japan have extended their gains from a post-election rally as investors continue to engage in "Takaichi trade" in the wake of Prime Minister Sanae Takaichi's landslide victory, CNBC reported.

 

Shares of Titan Co., Eicher Motors, Grasim Industries, and Apollo Hospitals will be in focus as these Nifty 50 companies release their earnings later in the day.  (Eshitva Prakash)

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Equity Alert: US indices end up Mon as tech stocks rise post major selloff

 

MUMBAI--0808 IST--Equity indices in the US closed higher Monday, bouyed by gains in technology stocks after the recent selloff due to fears of competition from artificial intelligence. Investors await economic data this week that could shed light on the US Federal Reserve's interest-rate trajectory.

 

The US non-farm payrolls report for January is due on Wednesday, delayed due to the government shutdown in the US. Investors will also assess the consumer price index for January, scheduled for Friday. Traders are now pricing in the year's first rate cut by the Fed in June, according to CME FedWatch tool. Around 51% of market participants expect the apex bank to lower the interest rate by 25 basis points in June. 

 

On Monday, the Dow Jones Industrial Average rose to a new record high of 50219.40 points, though it closed off highs at 50135.87 points. While the Dow index is hitting fresh all-time highs, the NASDAQ Composite and S&P 500 are struggling to break their individual peaks hit in October and January, respectively.

 

The rise in the US markets on Monday was seen as "a kind of buy-the-dip mentality," Reuters reported citing Oliver Pursche, senior vice president and advisor for Wealthspire Advisors in Westport, Connecticut. Among the top gainers, Nvidia and Broadcom extended their gains from the previous session, gaining 2.5% and 3.3%, respectively. Shares of artificial intelligence giant Oracle were up 9.6?ter investment banking company D.A. Davidson upgraded the stock to 'buy' from 'neutral' due to optimism around OpenAI and its beneficiaries.

 

Following are the closing levels of US indices Monday:  

 

Index	Level	Change in %
S&P 500	6964.82	0.47
NASDAQ Composite	23238.67	0.90
Dow Jones Industrial Average	50135.87	0.04

 

(Simran Rede)

 

US$1 = INR 90.74

 

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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