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Informist, Friday, Aug. 7, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices seen in range amid higher oil price, Trump's comments

 

MUMBAI--0850 IST--Domestic equity indices are likely to move in a range Friday as well, indicated by the movement of the GIFT Nifty. Analysts expect the Nifty 50 index to edge up further in the near term as long as it stays above the 24600-point level. Crude oil prices resumed their climb to $83 a barrel despite US President Donald Trump's comment that the Iran war is likely to end "pretty soon". Investors have now shifted their prime focus to the new closing auction mechanism for the equity cash segment as the sharp divergence between the closing levels of the Nifty 50 and the BSE Sensex continued.

 

At the end of the continuous session at 1515 IST Thursday, the Nifty 50 was at 24627.95 points, slightly up from Wednesday, while the BSE Sensex was at 78785.62 points, up 0.3%. After the closing auction session, the Nifty 50 ended at 24636, up 11.35 points from Wednesday's close. This was over eight points higher than the 1515 IST level. The Sensex, on the expiry day of its weekly derivatives contract, ended at 78954.76, up 373.76 points or 0.5%. The August futures contract of the 30-stock index ended at a premium of 205 points at 1530 IST to the Sensex's close.

 

At 0851 IST, the August futures contract of the GIFT Nifty was largely flat from its previous close at 24651. This was 15 points higher than the Nifty 50's previous close. "The Nifty (50) index traded in a narrow range of just 75 points throughout the session and settled at 24636 (spot), well within the resistance zone of 24600–24700," Vipin Kumar assistant vice president of research at Globe Capital Market, said. "Going forward, a decisive break above 24700 could push it towards 24850 and higher levels in the near term. Conversely, 24400 will continue to act as a strong support level, while a break below it could drag the index down to 24150–24050."

 

Titan Co. and Hindalco Industries will also be tracked as they will announce their June quarter results later in the day. Titan is expected to report a 25% on year rise in its net profit for the June quarter to nearly INR 13 billion, while its revenue is expected to rise nearly 38% to nearly INR 201 billion. Robust growth in domestic jewellery sales, along with healthy sales of watches, eyewear, and other products, is likely to help Titan's earnings growth. Hindalco's consolidated net profit for the quarter is seen at INR 58.17 billion, while its revenues are expected at INR 889.70 billion.

 

All three major US indices closed lower Thursday as investors weighed on a new set of earnings and the progress in the US and Iran peace deal. Asian indices were mixed, with the Nikkei 225 shedding the most, down almost 1%.  (Arundathi A R)

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Equity Alert: Asian mkts mixed ahead of US jobs data; Kospi, Nikkei fall most

 

MUMBAI--0754 IST--Asian indices were mixed Friday as investors awaited the US jobs report to gain clarity regarding the possibility of an interest rate hike in September by the US Federal Reserve. South Korea's Kospi and Japan's Nikkei 225 indices led the losses in the region, both down around 1%. Japan's broader market, Topix, was flat. Mainland China's CSI 300 and Singapore's FTSE were positive in the region. 

 

Shares of South Korean solar companies rose during early trade after the White House imposed a 15% tariff, price floors and minimum import prices on polysilicon products and derivatives. Multinational energy service provider, Hanwha Solutions rose around 7%. "With the acceleration of de-China in the North American ESS (energy storage system) market, order momentum for domestic battery and material companies is expected to occur frequently in the second half," Seoul Economic Daily quoted Kim Chul-joong, an analyst at Mirae Asset Securities as saying. Meanwhile, shares of Kospi heavyweights SK Hynix fell more than 4% while Samsung Electronics gained 1.5%.

 

In Japan, key constituents related to semiconductor equipment manufacturing continued their fall from Thursday. Advantest fell more than 4%, Tokyo Electron around 2%, and Disco Corp. about 5%. Software major SoftBank Group was down over 3%. On the macroeconomic front, Japan's real consumer spending for July fell 3.3% on year, according to the Statistics Bureau of Japan. "Sentiment is unlikely to pick up much," Reuters quoted Sota Takano, senior economist at Itochu Research Institute as saying. "If the situation suddenly improves dramatically, that would be a different story," Takano said, referring to the war in West Asia.

 

Hong Kong's Hang Seng fell slightly, led by losses in the healthcare as well as education services sectors. Australia's S&P/ASX 200 fell slightly.

 

Following are the levels of key indices in the region at 0752 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64938.69	(-)1.1
TOPIX FIRST SECTION	4057.01	0.03
S&P/ASX 200 Index	9252.80	(-)0.2
KOSPI Index	6206.52	(-)1.4
Hang Seng Index	25457.17	(-)0.3
CSI 300 Index	4676.89	0.5
FTSE Singapore Strait Times	5654.01	0.3

 

(Deesha Jadhav)

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Equity Alert: US markets end lower, investors assess peace talks, earnings

 

MUMBAI--0700 IST--Major US indices ended lower Thursday as investors weighed on a new set of earnings and the progress in the US and Iran peace deal. The Dow Jones Industrial Average snapped its five-session winning run and closed around 1% lower. The Nasdaq Composite fell for the second session in a row and the S&P 500 for the third straight session. 

 

Technology heavyweights Alphabet, Amazon, and Nvidia fell. Alphabet closed 1% lower while Nvidia and Amazon both closed slightly lower. Meanwhile, shares of Microsoft and Apple closed higher. Microsoft closed 2.5% higher and the iPhone maker closed marginally higher. Artificial intelligence company SpaceX closed 6% higher. Shares of data storage company Western Digital fell around 13?spite reporting a strong set of earnings. Concern about spending on AI infrastructure dragged down the stock and chipmaker Sandisk extended its losses from Wednesday and closed around 7% lower.

 

During the extended trading, shares of Airbnb rose more than 7?ter the holiday rental company reported higher than estimated top line and bottom lines. DraftKings fell around 3?ter the company's revenues fell short of the Street's expectations. 

 

On the macroeconomic front, investors await the jobs report due on Friday. July's nonfarm payrolls are expected to show less improvement while the unemployment rate is likely to remain unchanged at 4.2%, according to a Reuters poll. 

 

Following were the closing levels of major US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53885.10	(-)0.9
NASDAQ Composite	26348.35	(-)0.1
S&P 500	7709.96	(-)0.2

 

(Deesha Jadhav)

 

US$1 = INR 95.28

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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