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Informist, Friday, Jul. 17, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices seen opening tad higher, to move in a range intraday

 

MUMBAI--0825 IST--While benchmark equity indices are expected to open a tad higher and consolidate in a broader range Friday, information technology stocks will take cues from the earnings of Wipro and Tech Mahindra. Traders may also refrain from taking huge bets as the index heavyweights are declaring their results through the weekend. Analysts expect stock-specific movement to prevail in the market as June-quarter earnings season starts full-fledge. JSW Steel and Reliance Industries would report their earnings later during the week.  

 

In Asia, indices fell as sell-off in chipmakers deepened on concern that massive artificial-intelligence investments may not justify lofty valuations of these companies. Japan's Nikkei 225 was down over 3% in early trade, followed by China's CSI 300 and SSE Composite, both falling around 2?ch. These indices also tracked US indices which ended Thursday's session in the red. US-listed memory-chip makers such as SanDisk, Western Digital, and Seagate Technology fell 6-13%. The crude oil price hovering around $85 a barrel also hit on the sentiment. South Korea's Kospi was closed on account of the Constitution day.

 

Till the Nifty 50 holds above 23900 points, a bounce can be seen towards 24250-24450 points, said Mandar Bhojane, a senior technical and derivatives analyst at Chola Securities. The immediate support is at 23750 points. The 50-stock index is expected to open on a positive note and may consolidate within the 23800-24500 range, he added. Intraday resistance is likely near 24500, while strong support remains around 23800 levels, he said.

 

At 0742 IST, the July contract of GIFT NIFTY was at 24092, down 78.50 points or 0.3%. The 50-stock index Thursday settled at 24072.75 points. Over the last several sessions, the index has been consolidating between 23800 and 24200 points broadly. On Thursday, the BSE Sensex closed at 77186.87 points, up by a scant 1.44 points.  (Gopika Balasubramanium)

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Equity Alert: Asian indices fall, selling pressure in tech stocks mounts

 

 

MUMBAI--0802 IST--Asian stock markets got off to a weak start on Friday, with benchmark indices posting sharp losses in early trade as investors tracked overnight declines in US technology stocks. Japan's Nikkei 225 index and Taiwan's TAIEX were down by nearly 4%, leading losses in the region. Meanwhile, Brent crude oil futures rose nearly 2% from Thursday's lows, hovering around $85 a barrel and further dampening market sentiment.

 

In Japan, stocks related to artificial intelligence and semiconductor equipment manufacturing tanked. Heavyweight Advantest Corp. plunged more than 10%, while Tokyo Electron and Renesas Electronics Corp. fell around 8%. Murata Manufacturing Co. and Disco Corp. dropped nearly 9%, and Keyence Corp. lost by about 4%. TOPIX, Japan's broader market index, was down over 2%. 

 

In Taiwan, the semiconductor giants Taiwan Semiconductor Manufacturing Co. was down by almost 4% and MediaTek was down by nearly 7%. Shares of Hai Precision Industry, commonly known as Foxconn, shed over 2%. Hong Kong's benchmark index, Hang Seng, snapped its five-session winning streak and slipped into the negative territory. South Korea's KOSPI was closed for Constitution Day. 

 

"Asia's AI trade thesis is being tested again. After a strong rally so far this year - led by semiconductors - concerns have resurfaced about potential overcapacity in the AI build-up," Reuters quoted analysts at HSBC as saying. 

 

The following are the levels of key indices in the region at 0759 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64100.66	(-)4.09
TOPIX FIRST SECTION	3930.34	(-)2.44
S&P/ASX 200 Index	8769.90	(-)0.80
Hang Seng Index	24741.04	(-)1.07
CSI 300 Index	4611.0378	(-)1.86
FTSE Singapore Strait Times	5514.60	(-)0.45

 

(Ruchira Kagita)

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Equity Alert: US indices end lower as technology stocks take a beating

 

MUMBAI--0730 IST--Despite a better-than-expected inflation print, weakness in technology stocks dragged down the US indices. The technology-heavy NASDAQ Composite posted the steepest losses Thursday to fall nearly 1.5% while the S&P 500 and the Dow Jones Industrial Average also closed in the red. All the three major indices snapped their two-session winning pace. 

 

SanDisk Corp. tumbled almost 13% and shares of Micron Technology and Intel Corp. fell almost 6%, Advanced Micro Devices and Broadcom by around 5%, Qualcomm and Alphabet over 4%, and those of Nvidia and Meta by more than 2%. The PHLX Semiconductor Sector Index, which tracks 30 stocks involved in semiconductor manufacturing, closed over 4% lower and the S&P 500 Information Technology index was down nearly 2%. In the blue-chip Dow Jones, retail, healthcare and pharmaceutical stocks help limit losses.

 

On the macroecnomic front, the number of people applying for fresh unemployment benefits dropped by ‌8,000 to a seasonally 208,000 for the week ended Jul. 11. This is lower than Reuters' poll of an increase to 217,000. Meanwhile, continuing claims for the week ended Jul. 4 was 1.805 million, down by 16,000 from an upwardly revised total of 1.82 million a week earlier.

 

Following were the closing levels of major US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52552.97	(-)0.20
NASDAQ Composite	25881.946	(-)1.47
S&P 500	7533.77	(-)0.51

 

(Ruchira Kagita)

 

US$1 = INR 96.34

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

 

Edited by Akul Nishant Akhoury

 

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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