Equity Alert
Most indices in Asia rise, KOSPI outperforms peers
This story was originally published at 14:12 IST on 25 June 2026
Register to read our real-time news.Informist, Thursday, Jun. 25, 2026 Tel +91 (22) 6985-4000
Equity Alert: Most indices in Asia rise, KOSPI outperforms peers
MUMBAI--1405 IST--Most stock indices in Asia closed higher Thursday, buoyed by chipmaker Micron Technology's earnings for the June quarter and the company's guidance. Falling crude oil prices also supported market sentiment in the region. South Korea's KOSPI outperformed its peers in Asia by advancing more than 5%. It was closely followed by Japan's key Nikkei 225 index, which ended almost 5% higher.
In South Korea, the KOSPI advanced for the second straight session, led by gains in heavyweights SK Hynix, up around 13%, and in Samsung Electronics Co., which was up more than 5%. JPMorgan hiked its 12-month target for KOSPI, citing tailwinds for the index from artificial intelligence-led demand and a buildout in data centres, according to multiple media reports. The brokerage now sees KOSPI touching 12,500 points, implying an upside of 40% from its closing level Thursday.
"Until the wheels truly fall off the global economy, traders will look for any excuse to buy a dip. This week's excuse was Micron," Matt Simpson, a senior market analyst at StoneX, told Reuters.
While risk sentiment shows signs of improvement, macroeconomic concerns for Asian markets continue to cast a pall. There lies upside risk to inflation going ahead, Bank of Japan Board Member Naoki Tamura said Thursday. Demand outstripped potential supply capacity in the economy, he said. Further, "...it is inevitable that the economy will come under some degree of downward pressure due to a rise in domestic prices stemming from the impact of the situation in the Middle East (West Asia)," Tamura said.
The pass-through of high import prices may take place more quickly compared to 2022, when the economy suffered the impact of the war between Russia and Ukraine, the board member said. "...regardless of how the situation in the Middle East unfolds, I expect upside risks when it comes to prices," Tamura said while adding that the Japanese central bank must move to a neutral monetary policy stance. At its recent monetary policy meeting in June, the Bank of Japan had raised its key interest rates by 25 basis points to 1% amid rising inflationary pressures.
Following are the levels of key indices in Asia at 1404 IST:
| Index | Level | Change in % |
| CSI 300 Index | 5020.1038 | 1.56 |
| Hang Seng Index | 23076.91 | (-)1.43 |
| Nikkei 225 Day | 72366.34 | 4.61 |
| TOPIX FIRST SECTION | 4016.47 | 1.33 |
| KOSPI | 8930.30 | 5.42 |
| FTSE Singapore Strait Times | 5218.35 | 0.05 |
| S&P/ASX 200 Index | 8748.70 | (-)0.68 |
(Ruchira Kagita)
Equity Alert: Indices come off highs; energy, metal cos fall
MUMBAI--1340 IST--Benchmark indices came off intraday highs but remained positive. As more of its constituents slipped into negative territory, the Nifty 50 index slipped under the 24200 level. The August futures contract of Brent Crude oil came slightly off intraday lows, and was at around $73 per barrel. While automobile and ancillary companies continued to gain, metal and energy companies lagged.
At 1338 IST, the Nifty 50 was at 24191.90, up 0.7%, while the BSE Sensex was at 77569.92, up 0.8%. In the broader markets, the Nifty small-cap indices slipped into the red, shedding 0.1-0.3%. The Nifty mid-cap indices came off highs but remained in positive territory. Market volatility index India VIX was down over 3% at 12.9575.
Maruti Suzuki extended its gains, climbing nearly 5%. The stock was the top gainer in the Nifty 50 and Nifty 200 indices. Peers Bajaj Auto, Eicher Motors, and Mahindra & Mahindra were up around 2–4.6%. Market sentiment towards the sector was bullish amid easing crude oil prices. Analysts expect strong demand to drive further sales growth in the sector after the strong sales figures reported for Apr-May. The Nifty Auto index was up over 3%, the top performing sectoral index.
Shares of financial services companies were also among the gainers. Shriam Finance, up over 2%, led the gains among these stocks, while Kotak Mahindra Bank and index heavyweight ICICI Bank, up nearly 2?ch, led the gains among banking stocks.
With crude oil prices around their pre-war levels, state-owned upstream company Oil and Natural Gas Corp. extended its losses in the second half of the session. The stock shed 2% and was the worst performer in the Nifty 50. Its peer Oil India was also down 2% and among the worst performers in the Nifty 200. Energy companies Coal India and Power Grid Corp. shed were down around 2?ch.
Metal companies Hindalco Industries and Tata Steel, down 1-2%, were also among the laggards in the Nifty 50. Shares of metal companies were down on Thursday after silver and aluminium prices fell sharply on the London Metal Exchange amid easing supply concerns and a strengthening dollar. The Nifty Metal index shed 1% and was the worst performing sectoral index. (Shruti Nair)
Equity Alert: Rajesh Exports hits 5% lower circuit; SFIO to launch probe
MUMBAI--1245 IST--Shares of Rajesh Exports were locked in the 5% lower circuit at INR 97.02 on the National Stock Exchange, the second session in a row. The Ministry of Corporate Affairs has ordered the Serious Fraud Investigation Office to probe the allegation that the jewellery company misrepresented almost all its revenues between 2020–21 (Apr-Mar) and FY25, The Economic Times reported, citing sources.
Over two trading sessions, shares of Rajesh Exports fell almost 10% from Tuesday's level of INR 107.49. Wednesday, the stock had snapped its seven-day gaining streak after the Press Trust of India reported that the Enforcement Directorate has conducted searches at nine premises of the company across Bengaluru and Mumbai. In the last 30 days, the stock has declined almost 14%.
Rajesh Exports has been in focus after the Securities and Exchanges Board of India said the company had misrepresented its revenues worth around INR 1.5 trillion over FY21-FY25. The stock's last closing price before the SEBI order was INR 109.38. (Ruchira Kagita)
Equity Alert: Tata, Shapoorji group cos mixed amid Tata Sons listing ambiguity
MUMBAI--1240 IST--Shares of Tata and Shapoorji Pallonji group companies were mixed amid ambiguity around the listing of Tata Sons. The Reserve Bank of India Wednesday finalised an INR-1-trillion asset size threshold to decide upper layer non-banking financial companies, which raised hopes that it would lead to the listing of Tata Sons and unlock value for several Tata group stocks. At the same time, the RBI has removed the definition of 'indirect public funds' from the final rules, which is being seen as a relief for Tata Sons and may pave the road for RBI to allow the company's request to be de-registered as a non-banking financial services company.
"There is no surety around this (Tata Sons listing) and it is highly speculative," the head of research with a Mumbai-based brokerage said. The RBI's decision on Tata Sons' request will give clarity about its listing now, said an analyst covering the financial sector at a top domestic brokerage.
Several Tata group stocks, including Tata Motors, Tata Chemicals, and Tata Capital were up 2-4.5%. The financial sector analyst said Tata Capital might be up due to general positive sentiment around NBFCs after the US-Iran war showed signs of ending which has eased concerns credit growth. Among other Tata group stocks, Tata Communications, Tata Steel, and Titan Co. were down more than 1%.
Shares of Shapoorji Pallonji group companies were largely lower, with Sterling and Wilson Renewable Energy and Gokak Textiles down 2.5-4%. Among others, shares of Afcons Infrastructure were up 2%. Shapoorji Pallonji group stands to gain from Tata Sons' listing as the group reportedly holds over 18% stake in Tata Sons. (Anshul Choudhary)
Equity Alert: Metal stocks down as silver, aluminium prices fall on LME
MUMBAI--1218 IST--Shares of metal companies were trading lower Thursday as the silver and aluminium prices fell sharply on the London Metal Exchange amid easing supply concerns and a strengthening dollar. Moreover, expectations of an interest rate hike by the US Federal Reserve also weighed on the metal prices. Nifty Metal was the under performer among the sectoral indices and fell 0.7%.
Silver closed 2% lower at $3,421.50 per tonne, and aluminium closed over 3% lower at $3,122.50 per tonne on the London Metal Exchange on Wednesday. Zinc and Copper ended 2% down each in the index at $3,421.50 per tonne and $13,086.50 per tonne, respectively. "Aluminium prices retreated to pre-Iran conflict levels on Wednesday as a firmer US dollar and the continued unwinding of the Middle East (West Asia) risk premium outweighed concerns surrounding lingering disagreements between Washington and Tehran over key terms of a potential peace agreement," Axis Securities said in a note.
Nifty Metal extended losses for the third consecutive session and shed nearly 5% during the period. Shares of Hindustan Zinc, National Aluminium Co., APL Apollo Tubes, Hindustan Copper, and Hindalco Industries fell 1-3%. Most of these stocks were among the worst hit in the Nifty 200 index. (Adhithya Aji)
Equity Alert: Indices rise further; Nifty 50 crosses 24200; auto cos gain
MUMBAI--1215 IST--Benchmark indices rose further post mid-day trade as crude oil prices remained below $73 per barrel. With less than 15 constituents in the red, the Nifty 50 climbed past the 24200 level for the first time in over a month. Stocks of automobile companies remained the highest gainers, while state-owned energy players and metal companies were the main laggards.
At 1205 IST, both the Nifty 50 and the BSE Sensex were up around 1?ch at 24240.75 points and 77747.87 points, respectively. The market's fear gauge, India VIX, was down nearly 4% at 12.8775 points. Broader market indices continued to underperform their benchmark peers. While the Nifty mid-cap indices were up 0.2-0.3%, Nifty small-cap indices were nearly flat.
InterGlobe Aviation was up around 5% and remained the top gainer in both the Nifty 50 and Nifty 200 indices. Intraday, the stock rose to its highest price in six months at INR 5,449 as crude oil prices fell to pre-Iran war levels on hopes of easing supply disruptions as more vessels passed through the Strait of Hormuz.
Automobile stocks continued to see gains, with Eicher Motors, Mahindra & Mahindra, and Maruti Suzuki India climbing 2–5%. Their peers Ashok Leyland, Tata Motors, and TVS Motor were up 4–4.5% and were among the top performers in Nifty 200. Tracking their gains, auto-ancillary player Motherson Sumi Wiring India rose 9% and was the top performer in the Nifty 500. Among individual stocks, telecommunication infrastructure company HFCL hit the 5% upper circuit during the session at INR 215 per share.
On the other hand, state-owned energy player Coal India, down 2%, was the worst hit stock in Nifty 50. Its peers Oil and Natural Gas Corp. and Power Grid Corp. of India also lagged in the 50-stock index and shed 1-2%. Hindalco Industries, down 1.2%, came off lows but remained among the worst performers in the Nifty 50. Its peers Vedanta, National Aluminium Co., and Hindustan Zinc. were down around 2.5-3%, among the main laggards in Nifty 200 and Nifty 500 indices. (Shruti Nair)
Equity Alert: Vijaya Diagnostic rises 5%; Emkay Global reaffirms 'buy'
MUMBAI--1140 IST--Shares of Vijaya Diagnostic Centre rose almost 5% to an intraday high of INR 1,375.30. The stock rose for a second straight session and at 1046 IST, it was up by nearly 4%. The stock was one of the top gainers in the Nifty 500 index. Emkay Global Financial Services retained its "buy" stance on the stock with an unchanged target price of INR 1,400.
The company's core business in Hyderabad is expected to perform well in the next three to four years, Emkay Global said. Its business in Hyderabad is seeing growth in double-digits, and expansion within the city is also taking place in clusters, the brokerage noted in its report after hosting the company's management for a non-deal roadshow in Singapore.
Vijaya Diagnostic plans to expand in Karnataka and West Bengal, which should provide more upside potential for its earnings, the brokerage said. Rising incidences of non-communicable diseases among the youth, growing wellness awareness in Tier-II markets, and insurance-driven formalisation of the diagnostics sector are seen as tailwinds for the company, Emkay Global said. Business in Pune is also expected to support growth. With the super-specialty segment picking up in Pune, the management is confident of having differentiated performance against competition in the city, the brokerage noted.
The brokerage forecasts the diagnostic company's earnings before interest, taxes, depreciation, and amortisation margin to expand by 135 basis points between 2025-26 (Apr-Mar) and FY28. The company's EBITDA margin was 41.4% in FY26. Meanwhile, its revenue is expected to expand at a compounded annual rate of 19% over FY26-28. There is "...greater conviction on the company's growth trajectory, with both volume drivers and margin levers appearing robust," Emkay Global said. (Ruchira Kagita)
Equity Alert: Aviation stocks rally as crude falls below pre-Iran war levels
MUMBAI--1116 IST--Shares of aviation company InterGlobe Aviation rose as much as 4.6% on NSE and those of SpiceJet were up 5.5% on BSE intraday after crude oil prices fell to pre-Iran war levels on hope of easing supply disruptions amid increased ships' transits through the Strait of Hormuz. Intraday, InterGlobe Aviation rose to its highest price in six months at INR 5,449. At 1046 IST, shares of InterGlobe Aviation were up over 4% at INR 5,427.30 and those of SpiceJet were up around 5% at INR 12.85.
The August futures contract of Brent Crude on the Intercontinental Exchange dropped 2% to $72.24 per barrel, the lowest level since the four-month-long war in West Asia broke out. At 1056 IST, the contract was 1.5% lower at $72.64 per barrel. It has dropped 41% from the high of $122.53 per barrel hit in late April. The US and Iran have both signalled progress after initial discussions to end the war, although claims from the two sides have diverged at times and additional talks on topics such as nuclear issues and a ceasefire in Lebanon face hurdles. Early optimism on a lasting peace agreement has led to more tankers openly crossing the Strait of Hormuz.
A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, The Wall Street Journal reported, citing data from ship tracking firm Kpler. This marks a small rise from 37 tanker transits over the weekend and a recovery from roughly 12 tankers a day the week before.
The impact of higher crude oil prices on domestic aviation turbine fuel price was largely offset by the government's price stabilisation support of INR 100 billion for aviation turbine fuel to oil marketing companies. However, there were concerns that a prolonged war would lead to further fuel price hikes, an analyst covering the sector at a domestic brokerage said. With crude oil falling past pre-Iran war levels, this fear has now eased, triggering an upmove in aviation stocks, the analyst added. While the analyst expects domestic aviation turbine fuel price to come down after the recent sharp fall in crude oil prices, he does not see them falling below 10-15%. (Arya S. Biju)
Equity Alert: JM Financial upgrades Dixon Tech to 'buy', ups price target 27%
MUMBAI--1115 IST--JM Financial Institutional Securities has upgraded Dixon Technologies (India) to 'buy' from 'add' and hiked its target price on the stock by 27% to INR 14,200. There no longer is a need to downgrade its estimates for the company's earnings per share, since the earnings of Dixon Technologies' joint venture with Vivo are seen contributing to the company's profit and loss statement by the end of the September quarter, the brokerage said.
Vivo sells 35–37 million smartphones in India annually, around two–thirds of which will be manufactured through its joint venture with Dixon Technologies. The rest will be manufactured by Bhagwati Products through its original design manufacturer Huaqin. Dixon Technologies thus has an opportunity to produce around 24 million smartphones. The full impact of its opportunity, however, will be witnessed in 2027-28 (Apr-Mar), JM Financial said in a report. The Chinese mobile maker's share of total smartphone volumes in India is expected to go up to 24.3% in FY27 and 34% in FY28. Its market share in FY26 stood at 19.2%.
The company's exports, boosted by production-led incentives, also increase the scope of it achieving its guidance of producing 63 million–65 million smartphones in FY28, and 68 million–72 million in FY29. The company, meanwhile, is on track to achieve its targeted smartphone volume guidance of around 33 million in FY27 ex-Vivo, the brokerage said. In the June quarter, smartphone volumes could be around 7.5 million with higher average selling prices, leading to revenue of about INR 95 million, according to the report. Dixon Technologies' information technology and telecommunications equipment businesses are also shaping up well, the brokerage said in a report.
JM Financial increased its earnings per share estimates for the company by 1–10% over FY27–29, factoring in higher average selling prices and a ramp-up in its non-smartphone segments too. The brokerage raised its revenue projection for the company by 3.5% for FY27, and its earnings before interest, tax, depreciation, and amortisation estimate by 0.9%. At 1114 IST, shares of Dixon Technologies were 1.4% higher at INR 12,255 on the National Stock Exchange. (Ruchira Kagita)
Equity Alert: Auto cos up; analysts see sales growth continuing in FY27
MUMBAI--1048 IST--Automobile stocks traded with positive momentum Thursday amid overall bullish sentiment in the market after crude oil prices eased to pre-war levels. Analysts tracking the sector expect the sales growth in the sector to continue on the back of a strong demand environment. The Nifty Auto was the top gainer among sectoral indices, up over 2%.
The automobile industry is expected to continue its sales growth momentum across segments on the back of stable demand trends, according to Arun Agarwal, vice-president, equity research at Kotak Securities. Automakers posted healthy sales figures for Apr-May, indicating strong demand, Agarwal said. For 2026–27 (Apr-Mar), the overall outlook for the sector is positive, but the growth is likely to moderate due to a high base in FY26, Agarwal added. The sales growth of the overall auto industry is estimated at mid to high single digits in FY27, the analyst said.
The uptrend in wholesale sales is expected to continue in June as well, Nuvama Institutional Equities said. "We anticipate strong growth across segments with PV (passenger vehicle) volumes likely to expand over 20% while 2Ws (two-wheelers), CVs (commercial vehicles) and tractors to post growth of over 10%," the brokerage said. It expects Tata Motors Passenger Vehicles and Mahindra & Mahindra to be the outperformers in the passenger vehicle segment, and Royal Enfield owner Eicher Motors and TVS Motor Co. in two-wheelers.
All the constituents of the Nifty Auto traded positive. Maruti Suzuki India, Mahindra & Mahindra, TVS Motor Co., Ashok Leyland, Hero MotoCorp, Bajaj Auto, and Tata Motors Passenger Vehicles were 1-4% higher. (Adhithya Aji)
Equity Alert: Indices inch up as oil prices remain dn; auto cos lead gains
MUMBAI--1040 IST--Benchmark indices inched higher as crude oil prices hovered around levels before the start of the US-Iran war. At 1033 IST, the August futures contract of Brent Crude oil was down nearly 2% at $72.60 per barrel. With only around 15 of its constituents in the negative zone, the Nifty 50 index touched its highest intraday level in over a month at 24190.25 points.
At 1035 IST, the Nifty 50 index was at 24168.65, up 0.6%, while the BSE Sensex was at 77529.40, up 0.7%. InterGlobe Aviation, up over 4.5%, was the top gainer in both Nifty 50 and Nifty 200 indices. The stock hit its highest level in over six months at INR 5,444.80. On the other hand, Hindalco Industries, down 2%, was the worst hit stock in the 50-stock index. The stock was down for the third straight session, during which it shed around 6%.
Broader market indices also rose but underperformed their benchmark peers. While Nifty mid-cap indices were up 0.4?ch, Nifty small-cap indices were up around 0.2?ch. Most sectoral indices were in positive territory. The Nifty Auto index gained 2.5% and was the top gaining sectoral index by a wide margin. Among large-cap players, Tata Motors Passenger Vehicles, Mahindra & Mahindra, and Maruti Suzuki rose 1.5–3% and were the top performers in the Nifty 50. Their peers, Tata Motor, TVS Motor Co, and Samvardhana Motherson International rose around 3?ch and were the top gainers in the Nifty 200.
On the other hand, the Nifty Metal index, down nearly 1%, was the worst performing sectoral index. Hindustan Zinc, down over 3%, was the worst-hit constituent in the sectoral index, and the worst hit Nifty 200 constituent. The stock was down for the past three sessions, during which it shed nearly 9%. Peers National Aluminium Co and Vedanta were down around 3?ch and were also among notable laggards in the Nifty 200 and Nifty 500 indices. (Shruti Nair)
Equity Alert: Indices open higher as crude oil slips further to $72/bbl
MUMBAI--0940 IST--The Nifty 50 index opened higher as Brent Crude continued to fall, hitting its lowest level since the beginning of the US-Iran conflict. The Nifty 50 saw its highest opening level in over a month. Its peer BSE Sensex also saw a gap-up opening.
At 0920 IST, the Nifty 50 was at 24131.50, up 0.5% or 109.86 points. The Sensex was also up 0.4% at 77332.53, 341.31 points higher than Wednesday's close. The August futures contract of Brent crude oil was down nearly 2% at around $72 per barrel, its lowest level since the US-Iran conflict began Feb. 28. The volatility index India VIX was down 3.4% at 12.9175 points. The broader market indices underperformed their benchmark peers. The Nifty mid-cap indices rose 0.2–0.3% while the small-cap indices were up marginally.
"The biggest positive for India is Brent crude falling to below $73 level. With this, the CAD (current account deficit) and BoP (balance of payments) deficits which were threatening India's macro stability have ceased to be serious concerns," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note. "From the market perspective, this is a strong bullish factor. The negative factor continues to be the deficient monsoon."
Stocks of automobile companies and financial institutions were the top gainers in early trade. Shares of Mahindra & Mahindra, Maruti Suzuki India, and Tata Motors Passenger Vehicles were up around 3?ch. The Nifty Auto index rose nearly 2% and was the top performing sectoral index. Shares of lenders Shriram Finance, Jio Financial Services, ICICI Bank, and Bajaj Finance were up 1–3%.
On the other hand, Hindalco Industries, down nearly 2%, was the worst performer in the 50-stock index. Its peers National Aluminium Co., Vedanta, and Hindustan Zinc shed 2–3% and were the worst-hit stocks in the Nifty 200. The Nifty Metal index was the worst performing sectoral index, down 1%. (Shruti Nair)
Equity Alert: Most Asian mkts rise on gains in chipmaking stocks; Kospi up 5%
MUMBAI--0820 IST--Most equity indices in Asia were up in early trade, tracking gains in US stock futures of chipmaking companies after the quarterly earnings of semiconductor Micron Technology sharply exceeded expectations. South Korea's Kospi led the gains in the region, recovering most of the losses from its crash earlier this week. Japan's Nikkei 225 was also among the top performers in the region in early trade.
Thursday, futures of the tech-heavy Nasdaq gained nearly 2?ter Micron Technology's revenue for the reporting quarter more than quadrupled on year to $41.46 billion, beating the LSEG consensus view of $35.84 billion. The memory chipmaker also reported a gross margin of 84.9%, up from 74.9% in the previous quarter and 39% a year ago. Subsequently, futures of the stock were up 15%, triggering a positive view towards the sector after the rout seen in the past few sessions.
Semiconductor peers in South Korea also tracked the gains in Micron. Kospi heavyweight SK Hynix gained over 9% in early trade. The stock rose after the memory chipmaker unveiled its plan for a $29-billion US listing, a move that analysts viewed as boosting valuations through capacity expansion and greater foreign investor access, CNBC reported. The company plans to issue 17.79 million new shares in the form of American depositary receipts through a listing on the Nasdaq. "We expect to elevate our status as a global company by broadening our touchpoints in the United States, the epicenter of AI (artificial intelligence) technological innovation," the company said. Its peer Samsung Electronics was up nearly 5% during early trade.
The Nikkei 225 was up nearly 4?ter ending lower for two straight sessions. Stocks in the index rose on possible dip-buying interest. "For now, though, this still looks more like a reset in sentiment than the start of a broader market breakdown," Dow Jones Newswires quoted Zaheer Anwari, co-founder and chief executive officer at The Revacy Fund, as saying. Among the laggards in the region, Australia's S P/ASX 200 index was down 0.4%, while Hong Kong's Hang Seng, down over 1%, was the worst hit among peers, extending its losses after a gap-down opening.
Following are the levels of key indices in the region at 0812 IST:
| Index | Level | Change in % |
| CSI 300 Index | 4968.03 | 0.5 |
| Hang Seng Index | 23166.1 | (-)1.1 |
| Nikkei 225 Day | 71854.88 | 3.9 |
| TOPIX FIRST SECTION | 4016.61 | 1.3 |
| KOSPI | 8904.9 | 5.12 |
| FTSE Singapore Strait Times | 5217.99 | 0.04 |
| S&P/ASX 200 Index | 8781 | (-)0.3 |
(Shruti Nair)
Equity Alert: Indices may open higher as crude slumps to pre-Iran war levels
MUMBAI--0816 IST--Benchmark equity indices are seen opening higher, supported by further fall in crude oil prices on hope of easing supply disruptions amid increased movement of ships through the Strait of Hormuz. Early Thursday, the August futures contract of Brent Crude on the Intercontinental Exchange slumped to pre-Iran war levels and was at $72.4 per barrel at 0810 IST.
"Indian equities are expected to regain their positive momentum, supported by renewed buying interest and lower energy prices," Siddhartha Khemka, head of research-wealth management at Motilal Oswal Financial Services, said in a note. Any further progress on geopolitical and trade-related fronts, coupled with stable energy prices could provide additional support for domestic equities, he said.
The US and Iran have both signalled progress after initial discussions to end the war, although claims by the two sides have diverged at times and additional talks on topics such as nuclear issues and a ceasefire in Lebanon face hurdles. Early optimism on a lasting agreement has led to more tankers openly crossing the Strait of Hormuz with their satellite signals switched on, according to reports. A total of 14 oil tankers crossed the maritime chokepoint on Tuesday and 27 on Monday, The Wall Street Journal reported, citing data from ship-tracking firm Kpler. This marks a small rise from 37 tanker transits over the weekend and a recovery from roughly 12 tankers a day the week before.
In the latest development, Iran's Islamic Revolutionary Guard Corps warned that all vessels must follow designated Iranian shipping routes and coordinate with the Iranian navy before transiting the Strait of Hormuz, reports said. It said any new navigation route announced without Tehran's approval was "unacceptable and dangerous." Following this, US Energy Secretary Chris Wright said crude oil shipments through the Strait of Hormuz remain close to normal despite heightened regional tensions, with around 20 million barrels passing through the strategic waterway over the past 24 hours under military protection.
Meanwhile, US Secretary of State Marco Rubio said Iran would not be able to charge toll in the Strait of Hormuz under any final deal with the US, with technical talks due to resume in Switzerland next week. Further, the United Nations nuclear agency said inspections at Iran's atomic sites are "going to happen", while a senior Iranian official insists it is contingent on the finalisation of an agreement with the US.
The GIFT Nifty indicates a largely positive open for the domestic market. At 0801 IST, the June futures contract of the GIFT Nifty was at 24105, around 83 points higher than the Nifty 50's previous close of 24021.65 points. On Wednesday, the Nifty 50 index reclaimed the 24000 point mark, reinforcing the positive near-term bias for the index. Going forward, the index is likely to target the 24500 points level, while 24000 is expected to serve as immediate support, Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equities said. "Overall, the technical setup remains constructive, favouring a buy-on-dips approach as long as key support levels are sustained," he added. (Arya S. Biju)
Equity Alert: Most US futures rise; Micron Technology's Q3 results beat view
MUMBAI--0740 IST--Most US stock futures rose on Thursday as the quarterly results of semiconductor major Micron Technology led to gains in futures of chipmaking companies. Futures tied to the technology-heavy Nasdaq outperformed its peers and gained almost 2%, while S&P 500 futures rose 0.4%. Futures of the blue-chip Dow Jones Industrial Average were flat.
The three major indices ended mixed on Wednesday, amid sustained selling in stocks of semiconductor and adjacent businesses. Several analysts had expected the earnings of Micron Technology to miss estimates, thereby extending the rout seen in chip-making stocks over the past few sessions. The stock had shed over 13% in the past two sessions.
However, in the company's quarterly results released post market hours, the chipmaker's revenue more than quadrupled to $41.46 billion on year and surpassed the LSEG consensus view of $35.84 billion. Micron also guided for revenue of $50 billion for the current quarter, up from $11.3 billion a year earlier and more than the $43.58-billion forecast, according to a CNBC report. Following the release, the chipmaker's stock futures gained 15%.
Thursday, investors will also be watching out for the release of May's personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge. Economists polled by Dow Jones expect the headline index to rise 0.5% on a monthly basis, slightly higher than April's 0.4% gain, and 4.1% on a yearly basis, again more than the 3.8% on-year rise seen in April.
Even excluding volatile food and energy prices, the core personal consumption expenditure is seen rising 0.3% on a monthly basis and 3.4% on a yearly basis. Both estimates are higher than April's respective core personal consumption expenditure readings of a 0.2% monthly and a 3.3% yearly rise.
Following were the closing levels of major US indices on Wednesday:
|
US Indices |
Levels |
Change in % |
|
Dow Jones Industrial Average |
51666.84 |
0.4 |
|
NASDAQ Composite |
25476.64 | (-)0.4 |
|
S&P 500 |
7358.22 | (-)0.1 |
(Shruti Nair)
US$1 = INR 94.41
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. 2026. All rights reserved.
To read more please subscribe
Share this Story:
