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Informist, Thursday, Aug. 13, 2026                                      Tel +91 (22) 6985-4000

Equity Alert: Nifty 50 opens tad lower, below 24500 points; Hindalco down 2%

MUMBAI--0945 IST--The Nifty 50 index opened a tad lower Thursday and went below the 24500-point level at open for the second session. The BSE Sensex turned lower after opening slightly higher. Though crude oil prices fell slightly from the previous high of $90 per barrel, they are expected to continue weighing on the market sentiment.

At 0932 IST, the Nifty 50 index was at 24324.90, down 111.05 points or 0.5%. The Sensex was at 77742.03, down 224.32 points or 0.3%. Broader market indices were mixed during early trade. All small-cap indices were marginally up, while mid-cap indices fell marginally. Investors were less nervous on the expiry day of the Sensex's weekly derivatives contract. The India Volatility index was down marginally at 11.6775 points.

Barring the Nifty Media and Nifty Auto, all sectoral indices accounted for a loss in the early trade. The Nifty Metal fell the most, down nearly 1%. The Nifty Oil & Gas and Nifty Consumer Durables were also down nearly 1% each.

Hindalco Industries was the worst-hit Nifty 50 stock, down over 2%. Grasim Industries and UltraTech Cement were down almost 2% each. In the Nifty 200 index, National Aluminium Co. was the top drag, down 3%. Chennai Petroleum Corp. fell the most in the Nifty 500 index, down 5%.

Among gainers in the 50-stock index, Tata Motors Passenger Vehicles led the pack. Shares of the company gained over 2% ahead of its June quarter results, scheduled for later in the day. Tata Motors PV is expected to report a consolidated net profit of INR 12.54 billion for the June quarter, down over 51% on year. Its revenues for the quarter are expected to be INR 925.70 billion, up 6% on year.

In the Nifty 200 as well as Nifty 500 indices, Astral emerged as the top performer, up 7%. Shares of the company rose after its June quarter consolidated net profit came in line with analysts' expectations.  (Arundathi A R)

Equity Alert: Indices may open dn, move in range; focus on oil price, Tata cos

MUMBAI--0825 IST--Domestic equity indices are likely to open a tad lower Thursday as suggested by the movement of the GIFT Nifty levels. The market sentiment was hurt due to the recent escalation of war in West Asia and the consequent rise in crude oil prices. Analysts see indices moving in a range on the expiry day of the Sensex's weekly derivatives contract and see the 24400-point level as a crucial mark, a fall below which will lead to further drop in the market.  
 

Brent crude oil for October delivery fell slightly to $88 a barrel from the previous day's high of $90 a barrel. At 0743 IST, the October futures contract of Brent crude oil was over 1% lower at $87.96 a barrel. It was almost 21% higher than the pre-war levels. Crude oil prices fell after gaining for the past six sessions. The October delivery of the commodity gained over 12% during this period.  

At 0806 IST, the August futures contract of GIFT Nifty was largely flat from Wednesday at 24424.50. This was down over 11 points from the Nifty 50's previous close of 24435.95, suggesting a lower opening. "Index could trade rangebound, expect stock specific momentum," Ruchit Jain, head of technical research at Motilal Oswal, said.

"Going forward, holding below 24400 spot levels could drag it (Nifty 50) towards 24130–24050 in the near term," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "Conversely, sustained trading above 24500 will strengthen the chances of further consolidation in the near term."

Shares of Tata group companies will continue to be under focus as Tata Sons Chairman Natarajan Chandrasekaran said he will not seek reappointment at the company's annual general meeting, scheduled to be held Tuesday, because of the lack of consensus in the board on his continuation. Tata group companies were the major drags on the Nifty 50 index Wednesday, with Tata Consultancy Services shedding 4%.

Shares of Tata Motors Passenger Vehicles and Max Healthcare Institute will be in focus as they will announce their June quarter results later in the day. Tata Motors PV is expected to report a consolidated net profit of INR 12.54 billion for the June quarter, down over 51% on year. Its revenues for the quarter are expected to be INR 925.70 billion, up 6% on year. Max Healthcare Institute is expected to report a consolidated net profit of INR 3.95 billion, up over 28% on year. The company's revenue from operations is seen up 34% on year at INR 27.2 billion.

Barring the Dow Jones Industrial Average, other major US indices settled higher Wednesday. Asian equity indices were mixed in early trade with South Korea's KOSPI gaining over 4%.  (Arundathi A R)

Equity Alert: Most Asia mkts up, buying in tech stocks helps Kospi, Nikkei 

MUMBAI--802 IST--Asian indices opened on a mixed note with South Korea's benchmark Kospi and Japan's Nikkei 225 leading the gains. Australia's S&P/ASX 200, Hong Kong's Hang Seng, Indonesia's IDX Composite were lower. The rise in technology stocks in the US stock markets overnight likely supported the Kospi and the Nikkei 225.

Kospi was higher for the fourth session in a row. Heavyweights SK Hynix Inc and Samsung Electronics were up over 7% and 5%, respectively. Shares of companies involved in semiconductor equipment manufacturing such as HANMI Semiconductor Co. and Jusung Engineering were up 4%, Jusung Engineering and those of ISU Petasys Co. rose over 8%. 

The Nikkei was up around 1.5% and Topix was up 0.5%. Among the constituents of Japan's key 225-stock stock index, Advantest Corp. and Disco Corp. were up over 5% and Tokyo Electron almost 4%. Shares of computer memory chip manufacturer Kioxia Holdings Corp. rose as much as almost 10%. 

Following are the levels of key indices in the region at 0803 IST:

(Ruchira Kagita)

Equity Alert: Nasdaq, S&P 500 close higher as tech stocks rebound

MUMBAI--0745 IST--US indices ended mixed with the Dow Jones Industrial Average falling for the third trading session in a row. The technology-heavy Nasdaq Composite and the broader market S&P 500 closed higher after ending the red for two straight session due to gains in stocks linked to artificial intelligence. 

On the sectoral front, eight of the 11 S&P 500 sector indices ended in the green. The S&P 500 Real Estate and the S&P 500 Information Technology performed the best and closed 1.07% and 106% higher, respectively. 

The US retail inflation rate dipped 3.4% on year for July, a tad lower than 3.5% for June. The index for energy increased 14.7% on an yearly basis and the gasoline index rose 24.6% over the same period. Core inflation, which excludes the volatile food and energy prices, rose 2.5% on year 0.2% on month. Inflation remains, however, remains above the Federal Reserve's 2% target. 

"Even though there's going to be another release before the September meeting, I think there's already enough here to take that September hike off the table," State Street economist Simona Mocuta was quoted as saying by The Wall Street Journal. The probability of rates being unchanged at the September policy stood at 59.9%, up from 51.6% earlier. 

Following were the closing levels of major US indices Wednesday:

(Ruchira Kagita)

US$1 = INR 95.36

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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