Equity Alert
Analysts divided on market's direction next week
This story was originally published at 17:14 IST on 5 June 2026
Register to read our real-time news.Informist, Friday, Jun. 5, 2026 Tel +91 (22) 6985-4000
Equity Alert: Analysts divided on market's direction next week
MUMBAI--1630 IST--Analysts are divided in their outlook for the market in the coming week following the Reserve Bank of India monetary policy announcement. The central bank left its benchmark policy rate unchanged at 5.25%, in line with market expectations. While some analysts see the indices remaining range-bound in the near term, others see scope for recovery provided crude oil prices return to the pre-West Asia war levels.
Friday, the benchmark indices came off the intraday lows but still ended marginally down. Both the Nifty 50 and the BSE Sensex closed 0.2% lower at 23366.70 points and 74243.34 points, respectively. In the coming week, the Nifty 50 is expected to largely move sideways, according to Jay Vora, technical analyst at Mirae Asset Sharekhan. Analysts see the 50-stock index facing resistance at 23500–23550 points and seeking support at 23300–23200 points.
Friday, the headline indices were broadly choppy in morning trade before falling in the afternoon. The indices touched their intraday lows after the central bank's policy announcement and subsequent press conference. "...the downward revision in growth forecasts and a calibrated inflation outlook prompted profit booking as investors reassessed nearterm demand and earnings prospects," Vinod Nair, head of research at Geojit Investments, said. However, he added that currency gains might support sentiment in the near term, though inflationary pressures persist.
The GDP data for Jan-Mar released after market hours saw the Indian economy growing at 7.8%, beating the consensus view in an Informist Poll of 7.3%. The services, manufacturing, and construction sectors were among the main drivers of growth in the March quarter. Additionally, the government revised the GDP growth estimate for the June quarter upwards by 10 basis points to 6.8%. (Shruti Nair)
Equity Alert: Indices end lower after volatile session post MPC outcome
MUMBAI--1550 IST--Benchmark indices ended lower Friday after a volatile session as investors reacted to the outcome of the Reserve Bank of India's monetary policy. In the policy, the RBI kept the repo rate unchanged at 5.25%. RBI Governor Sanjay Malhotra said underlying inflationary pressures remain benign for now. The central bank raised its inflation forecast for 2026-27 (Apr-Mar) to 5.1% from 4.6% and for the June quarter to 4.2% from 4.0%.
The Nifty 50 ended at 23366.70, down 49.85 points or 0.2%, and the BSE Sensex closed at 74243.34, down 116.67 points or 0.2%. Adani Enterprises closed the session as the top gainer among the Nifty 50 constituents, up nearly 3%. Hindustan Unilever, Adani Ports and Special Economic Zone, Axis Bank, ICICI Bank, Max Healthcare Institute, Cipla, and Mahindra & Mahindra ended 1-2% higher. Financial services companies Bajaj Finance, SBI Life Insurance Co., and Shriram Finance also closed 1-2% higher.
Hindalco Industries and Wipro were the worst hit among the Nifty 50 constituents, down nearly 3?ch. Wipro ended lower on the record date for its INR 150 billion share buyback. Trent, Coal India, Tata Consultancy Services, Tata Steel, and Tata Consumer Products ended around 2% lower each.
The broader market indices ended mixed, with the Nifty Smallcap 25 ending flat, while Nifty Smallcap 100 and Nifty Smallcap 100 were down marginally. The Nifty midcap indices ended 0.3-0.5% lower. Among the sectoral indices, Nifty Media was the top gainer, closing over 3% higher, while Nifty Metal was the worst hit, closing nearly 2% lower.
In the Nifty 200, Adani Group companies Adani Green Energy and Adani Energy Solutions ended over 7% and nearly 4% higher, respectively. Billionbrains Garages ended over 3% higher. On the other hand, Hindustan Zinc closed over 6% lower, the biggest laggard in the Nifty 200. Shares of BSE closed nearly 4% lower and Angel One ended nearly 2% lower. The Reserve Bank of India said it plans to proceed with implementing rules on bank lending for private trading.
In the Nifty 500, Zee Entertainment Enterprises closed nearly 8% higher. A news report on Friday said the company plans to charge INR 16,600 per 10 seconds for spot advertising during the 2026 FIFA World Cup stream on both television and digital platforms. The advertising rate is over 10% higher than the charges during the 2022 FIFA World Cup, the Financial Express reported. Wockhardt closed over 7% lower, making it the worst-hit stock in the index. (Adhithya Aji)
Equity Alert: Rajesh Exports hits lower circuit for second session
MUMBAI--1545 IST--The Rajesh Exports stock opened at its lower circuit Friday and remained stuck there through the day's trade. The stock hit the lower circuit for the second day. The company said it is in the process of addressing the concerns raised by the Securities and Exchanges Board of India in its interim order.
Wednesday, SEBI had issued an interim order against Rajesh Exports and its promoter stating that almost all of the company's revenues between the financial year 2020-21 (Apr-Mar) and FY26 were "misrepresented". SEBI found that revenues from the company's step-down subsidiary, Valcambi S.A., were minuscule compared with the consolidated revenue of Rajesh Exports. This, the regulator said, was inconsistent with the company's claim that Valcambi, registered in Switzerland, is its "principal operating entity".
Thursday, the company said the regulator had mistakenly considered the earnings before interest, taxes, depreciation, and amortisation of its step-down subsidiary instead of its revenues while claiming that the company had inflated its financials. The stock is down 10% since SEBI issued its interim order. (Shruti Nair)
Equity Alert: Nifty 50 June ends at premium of 73.30 points to spot index
MUMBAI--1543 IST--The June futures contract of the Nifty 50 closed at a premium of 73.30 points to the spot index Friday. Open interest in the contract rose a tad over 1% to 19.90 million, according to provisional data.
--Nifty 50 closed at 23366.70 points, down 49.85 points or 0.2% from Thursday
--Nifty 50 June closed at 23440.00 points, down 71.60 points or 0.3% vs Thursday
Nifty 50 options, expiring Tuesday, with maximum change in open interest:
Call: 24000, Put: 23050
Nifty 50 options, expiring Tuesday, with maximum open interest:
Call: 24000, Put: 22500
(Simran Rede)
Equity Alert: Europe tech cos fall on concern over AI; Indices choppy
MUMBAI--1516 IST--Technology stocks fell in Europe, mirroring moves in Asia and Wall Street. Stocks in this sector declined on concern surrounding the execution of artificial intelligence projects. European stocks such as Infineon Technologies fell over 6%, AIXTRON more than 5%, and STMicroelectronics fell almost 4%. Among some others, Legrand was down over 1% and Schneider Electric 2%. The STOXX 600 Technology index was down almost 2%.
Meanwhile, indices in the UK, France, and Switzerland displayed positive bias but those in Italy and Germany oscillated between gains and losses. The EURO STOXX 50, a benchmark index of 50 blue-chip companies in the region, was up only marginally.
Further, given the pressure on the economy due to the war in West Asia, flash inflation inched up 3.2% on year in May, leading to expectations of the European Central Bank raising its key interest rates. "There'll be a hike next week. There'll probably be a hike in July. Thereafter, the bank will wait and see what's happening because it is all going to be about that pass-through (effect of inflation)," Jeremy Batstone-Carr, European strategist at Raymond James, told Reuters.
The Bank of England's Decision Maker Panel showed that companies in May expected prices to go up 4% in the coming 12 months. 57% of firms surveyed expected to increase their prices, lower by seven percentage points since April while 5% expected to lower prices. Additionally, 68% of firms expected their profit margins to be lower, according to the survey.
The following were the levels of major European indices at 1518 IST:
| Index | Level | Change in % |
| FTSE 100 Index | 10397.15 | 0.36 |
| CAC 40 | 8273.96 | 0.36 |
| MIB INDEX | 50220.19 | 0.09 |
| DAX PERFORMANCE-INDEX | 24962.12 | 0.07 |
| SLI PR | 2137.88 | 0.34 |
(Ruchira Kagita)
Equity Alert: All major indices Asia fall as tech rally takes a breather
MUMBAI--1408 IST--Asian stock indices were lower Friday, as technology stocks came under pressure. Sentiment was weak after several stocks related to artificial intelligence and semiconductors fell overnight on Wall Street. Japan's Nikkei 225 and South Korea's KOSPI, both technology-heavy indices, fell the most in the region. Further, concerns about a prolonged war between the US and Iran continued to worsen risk sentiment. Even the indices that had displayed some positive bias during the early hours of trading pared their gains.
South Korea's KOSPI fell the most compared to its peers in the region. The benchmark index was lower by over 5.5%. Trading was briefly halted in the index to curb volatility, Bloomberg reported. The KOSPI ended the week nearly 4% lower after gaining more than 12% for two consecutive weeks. On Friday, shares of index heavyweights fell almost 10% and those of Samsung Electronics Co. over 6%.
Japan's benchmark 225-stock index was lower by more than 1% Friday but posted a gain on a weekly basis for the third time in a row. Friday, shares of Tokyo Electron fell around 6%, Advantest Corp. 5%, and Murata Manufacturing Co. a little over 2%. Japan's broader market TOPIX also closed in the red but by only 0.1%.
China's CSI 300 index closed lower for the second straight session, down almost 2%. The index was up earlier during the day. The country's SSE Composite, meanwhile, was down almost 1%. Taiwan's key TAIEX index fell close to 1.5%, with its important constituents TSMC down about 1% and Foxconn almost 3%.
Following were the levels of major Asian indices at 1407 IST:
| Index | Level | Change in % |
| CSI 300 Index | 4816.9199 | (-)1.79 |
| Hang Seng Index | 24961.95 | (-)1.15 |
| Nikkei 225 Day | 66588.12 | (-)1.31 |
| TOPIX FIRST SECTION | 3949.09 | (-)0.07 |
| KOSPI | 8160.59 | (-)5.54 |
| FTSE Singapore Strait Times | 5045.95 | (-)0.43 |
| S&P/ASX 200 Index | 8625.10 | (-)0.70 |
(Ruchira Kagita)
Equity Alert: Tata Tele rises 9% to hit one-month high of INR 48.13
MUMBAI--1344 IST--Shares of Tata Teleservices (Maharashtra) rose nearly 9% to hit the highest level in over a month at INR 48.13 per share on Friday. Around 24.8 million shares of the company changed hands on the exchange which is nearly nine times higher than the 2.8 million shares traded until the same time Thursday. At 1259 IST, shares of Tata Teleservices (Maharashtra) were trading over 6% higher at INR 46.97 on the NSE.
Tata Sons, the holding company of conglomerate Tata Group, infused nearly INR 52 billion into Tata Teleservices during financial year 2025-26 (Apr-Mar), a large part of which was used to pay the first installment of adjusted gross revenue dues, according to a report by The Financial Express. Tata Teleservices is an unlisted company of the Tata Group as well as the parent company of Tata Teleservices (Maharashtra), which is listed.
Tata Teleservices (Maharashtra) reported a net loss of INR 2.15 billion in FY26. Tata Teleservices and its subsidiaries have opted for four-year moratorium on AGR dues and it plans to pay the remaining installments over five years.
There is only one brokerage report available with the Informist for Tata Teleservices (Maharashtra). HDFC Securities recommended to sell the stock in March with target price at INR 29.50, which implies a fall of 36% from the current levels. (Shruti Nair)
Equity Alert: Titan sees 20?GR sales growth FY26-FY30, brokerages positive
MUMBAI--1336 IST--Titan provided its medium-term outlook in its biennial meeting with analysts, with the management saying it sees the company's sales and earnings before interest and tax doubling between 2025-26 (Apr-Mar) and FY30. This implies compounded annual growth of around 20%. The near-term outlook, however, may be plagued by volatility in gold prices, regulatory interventions, and higher inflation. Brokerages maintained their positive stance on the stock, with some trimming their estimates on near-term concerns. At 1335 IST, shares of the company were 0.3% higher at INR 4,243.70.
The company said it sees revenue from its domestic jewellery division doubling by FY30, with market share expanding to 11% from 8.5% currently. The segment's EBIT margin, however, is seen contracting 100 basis points over FY26-30 on higher raw gold prices and a higher mix of low-margin gold coins. Titan said it expects its jewellery store count, inclusive of Mia and BeYon, at 1,400 by FY30. For its Caratlane business, it expects revenue to grow at a compounded annual rate of 23?tween FY26 and FY30. The company also sees robust growth for Damas, its Dubai jewellery subsidiary, to deliver twofold revenue growth by 2029.
Titan aims for revenue from its watches and wearables to more than double by FY30 to an absolute top line of INR 10 billion. The company will focus on establishing stronger luxury watch credentials above INR 100,000. Meanwhile, gross realisations in the eye care division are targeted to touch INR 35 billion.
For FY27, Nuvama tweaked its revenue and net profit guidance for the company downwards by 1% and 0.3%, respectively, given the likelihood of margin pressure. The brokerage cut its target to INR 5,030 from INR 5,240 while maintaining its 'buy' stance.
Titan has "best-in-class execution credentials," Emkay Global Financial Services said, but trimmed its target price by 11.2% to INR 4,750 from INR 5,350 as the supply chain environment remains uncertain.
ICICI Securities, meanwhile, was quite bullish on the company's growth going forward. Its revenue and EBIT growth guidance "won't do justice to the quality of strategy and potential execution from a revenue base of Rs750 billion," the brokerage said. ICICI Securities maintained a 'buy' call with a target price of INR 5,100.
After the company's meeting with analysts, JM Financial retained confidence in the Tata group-owned company. The brokerage said it was conservative in the company's eye care and watches business while concurring with its ambitions for the jewellery segment. JM Financial maintained its 'buy' recommendation with a target price of INR 4,900. (Ruchira Kagita)
Equity Alert: Zee Entertainment rises 9% to 6-mo high, volumes jump sharply
MUMBAI--1335 IST--Shares of Zee Entertainment rose nearly 9% to a six-month high of INR 113.70. Later, the stock came off highs. The stock rose for the third consecutive session and has gained nearly 21% during the period. The volumes of the shares traded Friday jumped sharply compared with the previous session.
A news report on Friday said that the company plans to charge INR 16,600 per 10 seconds for spot advertising during the streaming of the 2026 FIFA World Cup for both television and digital platforms. The advertisement rate is over 10% higher than the charges during the 2022 FIFA World Cup, the Financial Express reported.
Zee Entertainment's peer Reliance Industries-owned Viacom18 charged about INR 15,000 unified advertisement rate in 2022, the report said, citing industry sources. Zee Entertainment on Monday announced the bagging of streaming rights for one of the biggest tournaments--2026 FIFA World Cup--in India. As per the agreement, the company will stream all the major FIFA events in India for eight years through its television and digital platforms.
"Our partnership with FIFA will enable us to unlock the true value of the sport in line with our sharp focus on growth and profitability, while amplifying the excitement of the game for every fan," Punit Goenka, chief executive officer of the company, had said.
At 1328 IST, shares of Zee Entertainment Enterprises traded 4% higher at INR 108.69. Over 162 million shares of the company changed hands on the NSE, which is sharply from over 16 million shares traded till the same time Thursday. The number of shares traded on Friday were sharply higher than the average daily three-month volume as well. (Adhithya Aji)
Equity Alert: NBFCs rise; no change in interest rates to provide some relief
MUMBAI--1252 IST--Shares of non-banking financial companies traded higher Friday. Analysts were of the view that the Reserve Bank of India keeping the interest rates unchanged is likely to provide some relief over the long term. Bajaj Finance, Shriram Finance, Jio Financial Services, REC, Power Finance Corp., Max Financial Services, and Cholamandalam Investment and Finance Co. traded 1–2% higher.
Analysts tracking these companies said that the optimism was due to the interest rates being kept unchanged by the Reserve Bank of India. "More of the fact that they (NBFCs) were expecting rates cut--that has not happened,". In the short term, these companies would see some gains due to high interest rates. "Bigger problem would have if they (RBI) hiked the (interest) rates," an analyst said. The customers of these companies, such as medium, small, and minor enterprises are likely to feel the heat of higher input costs due to inflation, which may lead to default of loans coupled with higher interest rates, according to the analyst. The analyst also added that freight costs could go up due to high energy costs which would impact customers who availed loans for commercial vehicles.
RBI kept the interest rates changed at 5.25?ter the monetary policy meeting Friday. RBI Governor Sanjay Malhotra said that the underlying inflation pressure remains benign as of now. The central bank raised the inflation view for FY27 to 5.1% from 4.6?rlier and for the June quarter it was raised to 4.2% from 4.0%. (Adhithya Aji)
Equity Alert: Metal cos fall; Tata Steel down over 2?ter fire at UK plant
MUMBAI--1148 IST--Shares of metal companies traded in the red, with index heavyweights Tata Steel and Hindalco Industries down over 2%, amid broader weakness in metal prices. A massive fire broke out at Tata Steel's Port Talbot plant in the UK on Wednesday evening, with the company still unable to assess the cause of the fire or the scale of the damage and its potential impact on operations, also likely weighed on the stock price.
"Nevertheless, the company is investigating a number of options in order to minimise the potential impact on its downstream businesses and external customers," Tata Steel said in a statement Thursday. "A company spokesperson has confirmed that the fire was restricted to a confined area, and that while the site's Hot Rolling Mill was paused as a precaution, it was unaffected and is expected to re-start production shortly," it added.
At 1132 IST, shares of Tata Steel, Hindalco Industries, Vedanta, Steel Authority of India, National Aluminium Co., and NMDC were down 1.9-3.3%. The Nifty Metal Index was down around 1%. Futures contracts of aluminium, copper, and zinc traded on the Multi Commodity Exchange of India plunged around 1?ch while silver prices fell over 2%. Shares of Hindustan Zinc fell around 5% amid weakness in silver prices, which contributes a significant amount to the company's profitability. (Ashutosh Pati)
Equity Alert: Wipro down 8% on record date for co's largest share buyback
MUMBAI--1115 IST--Shares of Wipro shed nearly 8% and hit an intraday low of INR 188.15 on Friday, the record date for its share buyback. In April, the company had announced its largest-ever buyback worth INR 150 billion at INR 250 per share. Thursday was the last day for market participants to buy shares of the company to be eligible for the share buyback. "Please note this is our largest buyback, and we expect to buy back 5.7% of our paid-up capital," said Wipro's Chief Financial Officer, Aparna Iyer, in a post-earnings call with analysts. The buyback is expected to be completed within the June quarter, Iyer had said.
At 1108 IST, shares of Wipro were trading down 3.8% at INR 196.64 per share on the National Stock Exchange. The stock was the worst-hit on the Nifty 50 index. Over 26 million shares of the company had exchanged hands on the NSE so far in the day. This is more than double the 11.4 million shares traded until the same time Thursday. (Shruti Nair)
Equity Alert: Mkts largely unchanged post MPC outcome, later slips into red
MUMBAI--1100 IST--Benchmark indices were largely unchanged after the Reserve Bank of India's Monetary Policy Committee decided to keep the repo rates unchanged at 5.25%. Later, the markets gave up gains and fell. RBI Governor Sanjay Malhotra said that the underlying inflation pressure remains benign as of now. The inflation view for FY27 was raised to 5.1% from 4.6?rlier and for the June quarter it was raised to 4.2% from 4.0%.
Malhotra said that the monetary policy committee noted that elevated energy prices have an adverse spillover on the economy. The regulator has trimmed the GDP estimate for 2026-27 (Apr-Mar to 6.6% from 6.9?rlier. The estimate for the June quarter was reduced to 6.6% from 6.8?rlier.
At 1057 IST, the Nifty 50 was at 23399.55 points, down 17 or 0.1%, and the BSE Sensex was at 74322.70 points, down 37.31 points or 0.1%. Financial services companies--Bajaj Finance, HDFC Life Insuranc Co., Shriram Finance, Bajaj Finserv and SBI Life Insurance Co.--were the major gainers in the Nifty 50. They were up 1-3%. Adani Enterprises, Asian Paints, Tech Mahindra, and Adani Ports and Special Economic Zone rose around 1?ch.
On other hand, Wipro continued to be the major laggard in the Nifty 50, down 4%. Trent, Coal India, HCL Technologies, UltraTech Cement, Oil and Natural Gas Corp., Bharti Airtel, and Kotak Mahindra Bank were down 1-2%. Metal companies--Tata Steel and Hindalco Industries--were down around 2?ch.
The broader market indices were in green territory as well. The Nifty Midcap and Nifty Smallcap indices rose 0.3-0.4%. Nifty Media was the top gainer among the sectoral indices, up over 3% supported by the gains in the stock of Zee Entertainment Enterprises. The stock rose nearly 8% and was the top gainer in the Nifty 500.
Adani Green Energy and Adani Energy Solutions were the top gainers in the Nifty 200, up around 3?ch. Metal stocks Hindustan Zinc and National Aluminium Co. were down nearly 4% and 3%, respectively. In the Nifty 500, Wockhardt was the worst hit stock, down 7%. (Adhithya Aji)
Equity Alert: Indices open higher ahead of MPC, crude oil eases slightly
MUMBAI--0933 IST—Benchmark indices opened higher Friday ahead of the Reserve Bank of India's monetary policy decision. Globally, July Brent crude oil futures eased slightly to $95 per barrel from the previous day's high of $97 per barrel. At 0930 IST, the Nifty 50 was at 23464.50, up 47.95 or 0.2%, and the BSE Sensex was at 74557.10, up 197.09 or 0.3%.
HDFC Life Insurance Co. and Tech Mahindra were the biggest in the Nifty 50, up nearly 2?ch. Financial services companies – Bajaj Finance, Bajaj Finserv, SBI Life Insurance Co., and Shriram Finance rose around 1?ch. On the other hand, Wipro was the worst hit in the Nifty 50, down over 4%. Metal companies – Tata Steel and Hindalco Industries fell around 1?ch. Trent and Coal India were down 1% as well.
All the broader markets mirrored the gains in their benchmark peers. The Nifty midcap indices gained 0.4-0.5%, and the Nifty smallcap indices rose 0.2-0.4%. Nifty Media was the top gainer among sectoral indices, rising nearly 2%. Meanwhile, Nifty Metal was the worst hit sectoral index, down 0.7%.
Tech Mahindra was the top gainer in the Nifty 200, up 2%. Lupin and Power Finance Corp. also rose nearly 2?ch. Wipro was the biggest laggard in the Nifty 200. National Aluminium Co. and Lenskart Solutions fell nearly 3% and 1%, respectively.
In the Nifty 500, Go Digit General Insurance was the top gainer, up nearly 10%, while Wockhardt was the biggest underperformer, down nearly 6%. Wockhardt Thursday said it will launch its antibiotic Zaynich in the US, India, Europe, and other emerging markets in two years. (Adhithya Aji)
Equity Alert: JP Morgan sees IT cos Q1 earnings below view, fall in dlr sales
MUMBAI--0841 IST--Global brokerage JP Morgan said channel checks suggest that the earnings of information technology companies for the June quarter could be softer than its current expectations. The brokerage expects a revenue cut of 50-100 basis points in dollar terms for IT companies in the June quarter, according to a X post by CNBC-TV18.
However, the brokerage expects the earnings per share of these companies to likely be protected by foreign exchange benefits. The risks on the upside include deal ramp-up and signing delays due to geopolitical uncertainties globally, the brokerage said. Softer earnings for the June quarter are likely to make the growth targets for 2026-27 (Apr-Mar) more challenging, it said. The brokerage expects IT companies to retain their full year guidance for FY27 in anticipation of a recovery in the September quarter.
Recently, shares of IT companies have been on a "rollercoaster ride" as they saw a strong traction over the past few days, analysts said. "Overall, IT sector is not very much attractive or very much strong at current levels. But no doubt from an investment point of view, the valuations are quite good," said Osho Krishan, technical and derivative analyst at Angel One. "There is volatility in this index, so better to stay sidelined from a trading perspective. But investment point of view, one should start looking for investment in major of the mid cap and large cap IT names," he added.
Among large-cap companies, JP Morgan prefers Tech Mahindra and Infosys, while favouring Coforge and Persistent Systems in the mid-cap space.
Thursday, the Nifty IT closed 0.3% lower at 29300.60 points and was among the only three sectoral indices to end lower. However, the index has risen 0.8% over this week. The fall in the index Thursday was largely due to Tata Consultancy Services, HCL Technologies, and Infosys, which closed 0.03-1.70% lower. (Simran Rede)
Equity Alert: Indices seen up ahead of MPC decision, crude falls to $95/bbl
MUMBAI--0830 IST--Headline stock indices may open higher Friday, extending from Thursday's marginal gains. Despite a fall in most Asian markets, indices are likely to open higher ahead of the Reserve Bank of India's Monetary Policy Committee decision on policy rates, scheduled later in the day. A fall in crude oil prices to $95 a barrel from $97 a barrel Thursday is expected to support the sentiment. At 0829 IST, Brent crude oil August futures were 0.9% higher at $95.87 a barrel from its previous close.
US President Donald Trump Thursday said any killing of US troops by Iran would be a "good reason" to restart war, news agency ANI reported. "There is no navy, no air force, we have wiped out their leadership," ANI reported, quoting Trump as saying. "Then you read in the fake news that they are doing really well in the war, this is unbelievable." According to a CNBC report, Trump said he would meet the Iranian Supreme Leader Ayatollah Mojtaba Khamenei, if a deal is reached to end the US-Iran war.
At 0828 IST, the June futures contract of GIFT Nifty was 0.1% higher at 23565, higher than nearly 150 points from the Nifty 50's Thursday close of 23416.55. Analysts see indices largely in a range after opening higher for the trade. A flat to negative movement was expected by Nandish Shah of HDFC Securities, while Vipin Kumar of Globe Capital Market sees a flat to positive opening.
"On levels front, intraday supports are placed around 23200-23000 spot levels and intraday resistances are around 23600-22650 spot levels, Vipin Kumar said. According to him, the overall trend is sideways as long as the Nifty index remains in the 23000-24000 spot zone. "Expect positive first hour. Then follow up move will depend on RBI policy outcome and the governor's speech," Ruchit Jain, head of technical reserach at Motilal Oswal, said.
In the global equity market, South Korea's Kospi was the top loser, down nearly 4%. Among the gainers in the region, SSE Composite Index and CSI 300 Index were up 0.3?ch. Barring the Nasdaq Composite, all other major US indices closed higher Thursday. (Arundathi A R)
Equity Alert: Asian markets mostly lower as tech stocks come under pressure
MUMBAI--0820 IST--Asian indices were lower Friday as technology stocks came under pressure. Many technolOGY stocks related to artificial intelligence and semiconductors fell overnight in the US too. Japan's Nikkei 225 and South Korea's KOSPI, both technology-heavy indices, fell the most in the region. Further, concerns about a prolonged war between the US and Iran continued to dampen sentiment.
In recent comments, US President Donald Trump said he would be willing to meet Iran's Supreme Leader Ayatollah Mojtaba Khamenei if both nations finalise a peace agreement. "If we make a deal, it's possible that I would meet," Trump said.
In the Nikkei 225, Tokyo Electron fell over 6%, Advantest Corp. almost 5%, and Murata Manufacturing almost 2%. Shares of SoftBank were a tad lower intraday after tumbling more than 11% on Thursday amid concerns about the company's large investments in artificial intelligence. In Taiwan, Foxconn shares were down nearly 3%.
South Korea's KOSPI was down about 7%, and, given heightened volatility in the futures market, trading in the index was briefly halted, Bloomberg reported. Heavyweights SK Hynix and Samsung Electronics were down 5% and 3%, respectively. The broader market, KOSDAQ, was also under strain, down around 3%.
"The issue is not that AI demand has disappeared - it is that expectations had become extremely high, and even good numbers are no longer enough unless guidance keeps moving higher," Charu Chanana, chief investment strategist at Saxo, told Reuters.
The following were the levels of major Asian indices at 0819 IST:
| Index | Level | Change in % |
| CSI 300 Index | 4913.8127 | 0.18 |
| Hang Seng Index | 25105.84 | (-)0.58 |
| Nikkei 225 Day | 66675.22 | (-)1.18 |
| TOPIX FIRST SECTION | 3954.44 | 0.07 |
| KOSPI | 8359.99 | (-)3.23 |
| FTSE Singapore Strait Times | 5063.77 | (-)0.07 |
| S&P/ASX 200 Index | 8646.00 | (-)0.46 |
(Ruchira Kagita)
Equity Alert: US indices end mixed, Dow Jones hits fresh record high
MUMBAI--0740 IST--Wall Street ended mixed Thursday as the recent rally in technology stocks cooled off. The NASDAQ Composite ended in the red for the second straight session, while the broader market S&P 500 index closed higher. The Dow Jones Industrial Average outperformed its peer indices in the US and touched a fresh all-time-high with strong buying witnessed in blue-chip financial and pharmaceutical companies.
In the Dow Jones, shares of UnitedHealth Group and Merck & Co. ended around 5% higher, while those of Amgen Inc. ended a little over 2%. Goldman Sachs was also up by almost 5%, JPMorgan Chase & Co. by over 3%, American Express Co. 4%, and Visa by 2.5%. NVIDIA Corp. rose over 3% and Alphabet was almost 4% higher.
Meanwhile, Federal Reserve Bank of San Francisco President Mary Daly told Bloomberg in an interview that "We just haven't heard from businesses that they are seeing transformative, ongoing productivity gains yet," while speaking about the impact of artificial intelligence on the economy. "I'm pretty bullish. I see the possibilities, and I'm hearing more and more that people are seeing early rewards," she said. Daly said next year will be the litmus test to gauge the success of AI. On the inflation front, Daly said monetary policy is in a good place right now, adding that the Federal Reserve is prepared to respond as needed. "I think giving more forward guidance about what's possible could be misguiding in the end, because we just have to wait for the economy to evolve," she said.
Meanwhile, the number of people filing for fresh unemployment benefits rose by 13,000 to 225,000 for the week ended May 30. This is the highest level seen in almost four months. "The big picture remains that the trend in both initial and continuing claims still is very subdued," Oliver Allen, senior U.S. economist at Pantheon Macroeconomics, told Reuters. "It would be unwise, however, to conclude that all is fine and well with the labor market simply because claims are low. Low fire, low hire remains an apt description of labor market condition," Allen said. The total number of continuing claims for the week ended May 16 was 1.78 million.
The following were the closing levels of major US indices on Thursday:
|
US Indices |
Levels |
Change in % |
|
Dow Jones Industrial Average |
51561.93 | 1.73 |
|
NASDAQ Composite |
26830.96 | (-)0.09 |
|
S&P 500 |
7584.31 | 0.41 |
(Ruchira Kagita)
US$1 = INR 94.94
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Rajeev Pai
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. 2026. All rights reserved.
To read more please subscribe
Share this Story:
