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EquityWireEquity Alert: Brigade Enterprises hits 7-month high; company signs lease deal with HealthEdge
Equity Alert

Brigade Enterprises hits 7-month high; company signs lease deal with HealthEdge

This story was originally published at 15:41 IST on 20 August 2026
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Informist, Thursday, Aug. 20, 2026                                      Tel +91 (22) 6985-4000


Equity Alert: Brigade Ent hits 7-mo high; co signs lease deal with HealthEdge

 

MUMBAI--1530 IST--Shares of Brigade Enterprises rose 7% intraday to hit their highest level in seven months on the National Stock Exchange. This was shortly after the company said it had signed a lease agreement with US-based healthcare technology company HealthEdge. As per the agreement, HealthEdge will lease 11 floors of Brigade's information technology office Brigade Square in Thiruvananthapuram, Kerala. Earlier, shares of the company were up 3%.

 

On Thursday, shares of the company closed 6.5% higher at INR 625.75 on the NSE. Over 1.5 million shares of the company changed hands on the exchange on Thursday, nearly seven times the number of shares traded on Wednesday.

 

All eight brokerage reports on the company with Informist have a "buy" or equivalent recommendation on the stock with an average target price of INR 766, which represents an upside of over 22% from Thursday's closing price. (Shruti Nair)


Equity Alert: European mkts open flat as oil prices inch up towards $94/bbl

 

MUMBAI--1450 IST--Most indices in Europe were lower during early trade after opening nearly flat as concern over higher crude oil prices and inflationary conditions coloured the sentiment even as easing bond yields offered some relief to investors. Brent Crude oil futures with October delivery were up over 2% at nearly $94 per barrel.

 

The pan-European Stoxx 600 slipped marginally, soon after opening. Higher oil prices weighed on travel and leisure stocks in the region. The sectoral index shed nearly 1%, with notable constituents such as InterContinental Hotels Group and Deutsche Lufthansa sliding down 1?ch.

 

Germany's DAX Performance index was the worst-hit among the benchmarks in the region. Borrowing costs in Germany had earlier climbed to a 15-year-high amid increased defence spending needs, mirroring a broader rise in bond yields across major economies, according to a Reuters report. On other hand, Italy's FTSE MIB was the only major index in the green and rose marginally.

 

An easing in global bond yields following the US treasury department's announcement that it would double its buyback of long-term bonds offered some relief to investors worldwide. However, worries over inflation persisted after the minutes from the Federal Open Market Committee's July revealed that several members were ready to increase interest rates, with many among them opining that a hike in borrowing costs would be needed if inflation does not decline to the US Federal Reserve's target of 2%.

 

The following were the levels of key indices in the region at 1448 IST:

 

Index

Level

Change in %

FTSE 100 Index

10724.17 (-)0.2

CAC 40

8486.61 (-)0.2

MIB INDEX

52789.77 0.3

DAX PERFORMANCE-INDEX

25956.62 (-)0.5

SLI

2297.47 (-)0.3

(Shruti Nair)


Equity Alert: Asian indices end higher; Kospi, Nikkei among top gainers

 

MUMBAI--1410 IST--Most major Asian stock indices ended higher on Thursday as bond yields eased from record highs. South Korea's Kospi held on to early gains and ended higher, gaining more than its peers in the region. Singapore's FTSE Singapore Strait Times was the only major index in the region to close lower.

 

Thursday, the Kospi closed higher for the first time in three sessions, ending nearly 6% higher. The South Korean benchmark was buoyed by gains in index heavyweights. SK Hynix ended nearly 13% higher following the company's earlier announcement that it would buy back and fully cancel shares worth $28 billion. The repurchase period is scheduled to run for approximately three months starting Thursday, with all repurchased shares set to be cancelled upon completion of the acquisition, according to the company's press release. Shares of the chipmaker's rival Samsung Electronics ended over 9% higher.

 

In Japan, the Nikkei 225 and the broader market Topix ended with gains of over 1% amid bond yields easing after touching their highest level in 30 years earlier this week, taking cues from their counterparts in the US. This comes after the US Treasury Department announced its plan to increase buybacks of long-term debt over the coming few months. Gains in technology and allied stocks drove the Japanese indices higher. Shares of SoftBank Group and Rakuten each ended around 3% higher, while semiconductor player Advantest Corp added around 1%.

 

Following are the levels of key indices in the region at 1408 IST: 

 

Index

Level

Change in %

Nikkei 225 Day

66216.79 1.4

TOPIX FIRST SECTION

4059.73 1.2

S&P/ASX 200 Index

9083.8 0.3

KOSPI Index

6852.58 5.9

Hang Seng Index

25698.49 0.8

CSI 300 Index

4592.75 0.1

FTSE Singapore Strait Times

5670.9 (-)0.4

 

(Shruti Nair)


Equity Alert: PFC, REC down 3?ter Morgan Stanley cuts target price, EPS

 

MUMBAI--1358 IST--Shares of power financiers REC and Power Finance Corp. fell after global brokerage Morgan Stanley downgraded both stocks and reduced their target price due to an increasing delta between loan growth and credit growth in the power sector, according to media reports. The brokerage cut the target price for Power Finance by 20% to INR 410, and for REC by over 16% to INR 360. Morgan Stanley reduced Power Finance's core earnings per share estimate for 2027-28(Apr-Mar) by 5.5% and for FY29 by 7%. For REC, it lowered its core EPS projection for FY28 by 5% and for FY29 by 7%.

 

Morgan Stanley said loan growth for both REC and Power Finance has been lower than industry growth, adding that their loan growth moderated sharply even as credit growth by banks and across the power sector has accelerated. For the June quarter, PFC reported a 4% on-year growth in its loans, while the same metric for REC fell to 1%. The delta between loan and credit growth of both these companies has been lower than the brokerage's expectations, media reports said. The brokerage expects that a potential recovery for these two companies will only be gradual.


The share price of Power Finance fell 2.5% to hit a near five-month low of INR 365.05. Shares of the company have declined almost 5% since it released its June quarter earnings. Shares of REC were down for the second straight day and hit a two-month low of INR 327.50. The share price of REC has fallen more than 10% since the company declared its June quarter results.

 

At 1355 IST, shares of Power Finance traded at INR 365 apiece on the National Stock Exchange. Nearly 8 million shares of the company have been traded on the exchange so far. Shares of REC were at INR 328.55 per share on the NSE with a total traded volume of over 5 million shares. (Durgesh Nandan)


Equity Alert: Premier Energies up 5%; FY28 sales, EBITDA seen above estimate

 

MUMBAI--1349 IST--Shares of Premier Energies rose nearly 5% to an intraday high of INR 1,049.60, breaking a four-day losing streak. The company is expected to surpass analysts' expectations on revenue and earnings before interest, tax, depreciation, and amortisation for 2027-28 (Apr-Mar), CNBC-TV18 reported Thursday, quoting Chief Business Officer Vinay Rustagi.

 

According to the report, analysts pegged the company' revenue for FY28 at INR 180 billion and EBITDA at around INR 45 billion. "We believe that we can do much better than that, and that is why we feel that we can kind of maintain margins in the current kind of ballpark territory," Rustagi said. He added the company has margin visibility through FY28 due to an order book of INR 150 billion, as per the report.

 

Rustagi listed exports to Europe and battery energy storage systems as the two new growth areas for the company. He expects the supply gap for solar cells to persist for at least two years. The solar industry's next expansion phase into ingots and wafers would take time to build due to the capital and technical requirements involved, which acts as an advantage for companies already integrated backwards in the value chain, including Premier Energies, Rustagi said.

 

At 1344 IST, shares of Premier Energies were up 4.4% at INR 1,046.20. Over 887,000 shares of the company have changed hands on the NSE so far in the day, higher than 298,000 shares at the same time Wednesday. The stock has fallen around 4% in the last 30 days but has risen over 5% in the last 90 days. Of the 10 brokerage reports on the company available with Informist, eight have a "buy" recommendation on the stock with an average target price of INR 1,160, nearly 11% higher than the current market price. One brokerage each has a "hold" and a "sell" recommendation.  (Ashutosh Pati)


Equity Alert: Indices rise further as automobile, select stocks extend gains 

 

MUMBAI--1325 IST--Indices rose further as automobile and select stocks extended gains. Gains in banking and information technology stocks kept the market higher post the first half of the trading session. Heavyweight banking stocks HDFC Bank and ICICI Bank remained around 1% higher, lending support to the Nifty 50. At 1323 IST, the Nifty 50 was at 24245.45, up 167.15 points or 0.7%, and the BSE Sensex was at 77576.50, up 666.82 points or 0.9%.

 

Eternal remained the top gainer in the Nifty 50 and was up over 2%. Financial services players Kotak Mahindra Bank, Shriram Finance, Bajaj Finance, Jio Financial Services, HDFC Life Insurance, and Axis Bank rose 1-2%. Shares of automobile majors Eicher Motors, Mahindra & Mahindra, Maruti Suzuki India, and Bajaj Auto rose further and were up around 1?ch. State-owned energy companies NTPC, Coal India, and Power Grid Corp. of India extended gains to rise 1?ch.

 

All sectoral indices and broader market indices remained higher. The Nifty Media was the top gainer among sectoral indices, up over 2%. The Nifty Realty rose nearly 2%, while Nifty Private Bank and Nifty Financial Services rose nearly 1?ch. Nifty mid-cap indices were up 0.7-0.8%, and Nifty small-cap indices rose 0.8-0.9%.

 

In the Nifty 200, Multi Commodity Exchange and Premier Energies were up nearly 5%, the top gainers. Shares of the latter gained after its Chief Business Officer Vinay Rustagi said the company sees margin visibility in 2026-27 (Apr-Mar) to FY28 on the back of a strong order book at INR 150 billion. The company expects growth in the Europe market and battery energy storage systems operations, the top official told CNBC-TV18 in an interview. 

 

Defence company Bharat Dynamics was the worst hit stock in the Nifty 200 and was down nearly 2%. Balrampur Chini Mills was the best performer among Nifty 500 constituents, up over 13%. Aster DM Quality Care continued to be the underperformer in the index, down 3%.  (Adhithya Aji)


Equity Alert: Balrampur Chini shrs hit record high amid higher sugar prices

 

MUMBAI--1250 IST--Shares of major sugar companies rose significantly on Thursday amid the recent rally in sugar prices. Shares of Balrampur Chini Mills hit an all-time high of INR 738.95 during the session. The stock is up nearly 20% in the past week. At 1245 IST, it was up 13%, while peers Dalmia Bharat Sugar, Shree Reunuka Sugars, and Bajaj Hindusthan Sugar were up around 8-10%. 

 

Sugar prices have rallied to record highs recently due to worries about a supply crunch ahead of peak demand during the upcoming festival seasons. On Wednesday, the ex-mill price of sugar in Uttar Pradesh was INR 5,850 per 100 kilograms, up over 21% from INR 4,830 per 100 kg a week ago. In Kolhapur, Maharashtra, prices rose 14% to INR 5,550 per 100 kg Wednesday from INR 4,860 per 100 kg.

 

Late on Wednesday, the government released a notification imposing sugar stock holding limits on bulk consumers. Those who consume more than 10 tonnes of sugar per month as raw material cannot hold inventories of more than 15 days, according to the order, which will come into effect Sept. 1 and remain in place until Nov. 30.

 

The latest order follows a sugar stock holding limit imposed by the government in July on traders for four months starting August. In the first two weeks of August, the government also conducted physical inspections at sugar mills across the country to verify their reported stocks and sales data. Experts say such measures by the government indicate that sugar supply is tightening, and the stock pipeline is running dry. However, they clarified that the Indian market is not immediately short of sugar, and stocks will last until October. (Shruti Nair)


Equity Alert: Markets remain in green on gains in banks, IT; India VIX dn 6% 

 

MUMBAI--1217 IST--Markets continued to be in green, buoyed by gains in banking and information technology shares. Indian equity market's fear gauge India VIX fell over 6%, indicating a comfort zone for investors. At 1213 IST, the Nifty 50 was at 24216, up 137.70 or 0.6%, and the BSE Sensex was at 77443.50, up 533.82 or 0.7%.     

 

Financial services companies continued to lend support to the gains in the indices. Shriram Finance, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Jio Financial Services, and HDFC Life Insurance were up 1-2%. Bharti Airtel, Larsen & Toubro, Eicher Motors, JSW Steel, Power Grid Corp. of India, Titan Co., and Cipla rose around 1?ch. Hindalco Industries and Asian Paints were the worst hit stocks in the index, down nearly 1%.  

 

Muthoot Finance, Multi Commodity Exchange, and Motilal Oswal Financial Services rose around 4% to be the top gainers among the Nifty 200 constituents. On other hand, REC and PFC fell over 2?ch to be the worst hit stocks in the index. Shares of REC and Power Finace Corp. fell after the global brokerage Morgan Stanley downgraded the stocks to 'equalweight' from 'overweight.' Meanwhile, the target price for REC was cut over 16% to INR 360, and for PFC the price view was trimmed nearly 20% to INR 410. Morgan Stanley said that the loan  growth for both the state-owned companies moderated sharply, CNBC-TV18 reported. For the June quarter, PFC's loan growth was 4%, while for REC it was just 1%. Morgan Stanley is of the view that recovery for both the companies will be gradual, the report said.  

 

Sugar company Balrampur Chini Mills rose over 12% during the intraday to be the best performing stock in the Nifty 500. Its peers Bajaj Hindusthan Sugar, Shree Renuka Sugars, and Triveni Engineering & Industries rose 8-10%. These stocks rose despite the government imposing a curb on the stock that bulk consumers can hold from Sept. 1. Bulk sugar customers cannot hold sugar as a raw material far more than 15 days. Aster DM Quality Care was the worst hit stock in the index, down over 3%.  (Adhithya Aji)


Equity Alert: Eternal up 3%, hits 1-year high; stock gains 31% in 3 months

 

MUMBAI--1145 IST--Shares of Eternal extended their gains for a second session and rose nearly 3% to hit their highest level in nearly a year at INR 328.50. This comes after global brokerage Bernstein added the stock to its India model portfolio. The brokerage underscored the company's continued competitive strength and strong operating profit as positives. The brokerage added the stock on Tuesday with an entry price of INR 315.90, according to a report by NDTV Profit. The current market price is already around 4% higher than the entry price given by the brokerage. Further, the stock has gained nearly 31% over the past three months. In contrast, its peer Swiggy has gained nearly 9% during the same period.

 

Several factors favour the company's performance, according to an analyst at a top broking firm. Profitability is expected in the company's quick commerce business under the Blinkit brand and food delivery business under the Zomato brand. Eternal's quick commerce, in particular, is twice the size of its nearest competitor. For the June quarter, the company's net order value for its quick commerce business was INR 171.3 billion, up over 19% sequentially. Further, the company's number of dark stores is nearly twice the size of its competitors such as Swiggy and Zepto. Given the visibility of the company's business economics, growth is not expected to come at the cost of margins going forward, according to the analyst.

 

The stock is up 15% since the company declared its June quarter earnings on Jul. 22. For Apr-Jun, the company reported a 47% sequential fall in its consolidated net profit to INR 920 million. However, its revenues rose 17% to over INR 202 billion mainly on the back of contributions from the company's quick commerce business under the Blinkit brand and food delivery business under the Zomato brand.

 

At 1121 IST, shares of the company were at INR 327.05, up 2.7%, on the National Stock Exchange. Nearly 20 million shares of the company have been traded on the exchange so far. Around 32 million shares of the company have changed hands on the exchange daily on average over the past three months. Of the 11 brokerage reports on the company available with Informist, 10 have a "buy" or equivalent recommendation on the stock with an average target price of INR 385.4, which is nearly 18% higher than the current market price. (Shruti Nair)


Equity Alert: Indices remain higher on gains in banks, IT; HDFC Bank up 1%

 

MUMBAI--1057 IST--Indices remained higher with financial services companies leading the gains. Information technology shares also contributed to the gains in the markets. The heavyweight banking stocks HDFC Bank and ICICI Bank rose around 1?ch. At 1051 IST, the Nifty 50 was at 24209.95, up 131.65 points or 0.6%, and the BSE Sensex was at 77438.93, up 529.25 points or 0.7%. 

 

Zomato-owner Eternal was the top gainer among the Nifty 50 constituents, up over 2%. Financial service providers Shriram Finance, Kotak Mahindra Bank, Bajaj Finance, HDFC Life Insurance, Axis Bank, and Jio Financial Services gained 1-2%. These stocks gained after minutes of the Reserve Bank of India's monetary policy committee meeting indicated a possibility of an interest rate hike if inflation persisted. Information technology companies Infosys, Wipro, Tata Consultancy Services, Tech Mahindra, and HCL Technologies rose around 1?ch. JSW Steel, Bharti Airtel, Cipla, Titan Co., Hindustan Unilever, and Tata Steel rose around 1?ch. On other hand, Hindalco Industries was the worst hit stock, down nearly 1%. Oil and Natural Gas Corp., Asian Paints, and Max Healthcare Institute fell around 1?ch.

 

Among the sectoral indices, Nifty IT rose over 1% to be the top performer. All the constituents in the index traded higher. Information technology stocks suffered losses recently due to the rise in US treasury yields. On Wednesday, the US Treasury Department decided to double the government's debt repurchases to mitigate the rise, following which IT shares rose in the Indian equity markets. Nifty Oil & Gas was the worst hit sectoral index, down 0.3%.

 

In the Nifty 200, financial services companies, SBI Cards and Payment Services, Motilal Oswal Financial Services, and Muthoot Finance were the top gainers. They rose over 4?ch. On other hand, REC and Power Finance Corp. were the worst hit stocks in the index, down over 2%. Bharat Dynamics and Oil India fell nearly 2?ch. Aditya Birla Capital's shares gained nearly 3%. The company announced its entry into the gold loan finance portfolio in phases and plans to open 1,000 branches in three years.

 

In the Nifty 500, Netweb Technologies India rose over 7% to be the top gainer, and Chennai Petroleum Corp. was the worst hit, down 3%.  (Adhithya Aji)


Equity Alert: Mkt opens higher on positive global cues; banks, IT lead gains 

 

MUMBAI--0938 IST--Indices opened higher Thursday, with the Nifty 50 ending a seven-session losing streak. Indian equities took support from positive global cues. Asian markets opened higher, while US indices ended higher following a sharp decline in US Treasury yields. The Reserve Bank of India's monetary policy minutes indicated a possible rate hike if inflationary pressures persist. Information technology and banking shares led the gains. At 0935 IST, the Nifty 50 was at 24197.85, up 119.55 or 0.6%, and the BSE Sensex was at 77430.76, up 521.08 points or 0.7%. 

 

Eternal was the top gainer in the Nifty 50, up over 2%. Financial services stocks Shriram Finance, Bajaj Finance, Jio Financial Services, and Kotak Mahindra Bank rose 1-2%. Information technology majors Infosys, Wipro, Tech Mahindra, HCL Technologies, and Tata Consultancy Services rose around 1-2%. Heavyweight banking stocks HDFC Bank and ICICI Bank rose nearly 1?ch. Meanwhile, Hindalco Industries was the worst performer in the index, down 2%. State-owned energy companies Oil and Natural Gas Corp., Coal India, and NTPC fell around 1?ch. Max Healthcare Institute was down nearly 1%.   

 

Barring Nifty Energy and Nifty Oil & Gas, which fell 0.3% and 0.4%, respectively, all other sectoral indices rose. Nifty IT, Nifty Financial Services, and Nifty Private Bank gained around 1%. All broader market indices were higher, with Nifty midcap indices up 0.6?ch and Nifty smallcap indices rising 0.8?ch.

 

In the Nifty 200, Swiggy was the top gainer, up over 4%. Muthoot Finance, Coforge, Avenue Supermarts, Tata Elxsi, and Hindustan Zinc gained around 2?ch. Oil explorers Oil India and Oil and Natural Gas Corp. were the worst-performing stocks, down nearly 2%. Power Finance Corp. and REC fell about 2?ch. In the Nifty 500, MMTC was the best performer, up over 7%. Chennai Petroleum Corp. was the biggest laggard in the Nifty 500, down nearly 4%.  (Adhithya Aji)


Equity Alert: Indices seen opening higher on supportive global cues

 

MUMBAI--0833 IST--Equity indices are expected to start higher amid supportive global cues. Most Asian markets opened higher, while US indices ended higher on Wednesday. The sharp fall in US Treasury yields is supporting positive sentiment in global markets. However, the West Asia war remains an overhang amid uncertainty over the reopening of the Strait of Hormuz and the prospects of a peace deal. US President Donald Trump also announced additional economic sanctions on Iran. 

 

On Wednesday, the Nifty 50 ended at 24078.30, down 76.60 points or 0.3%, and the BSE Sensex ended at 76909.68, down 325.78 points or 0.4%. The Nifty ended lower for the seventh consecutive session, and Sensex ended lower for the fourth consecutive session.  

 

The immediate support for the Nifty 50 is around 24000, according to Vipin Kumar, assistant vice-president of research at Globe Capital Market. "Going forward, a decisive break and sustained trading below 24000 could drag the index towards 23800, followed by 23600 in the immediate near term," Kumar said. The resistance for the 50-stock index is seen at 24250, he added. Kumar is of the view that the Nifty 50 is likely to open on a positive note Thursday.

 

The US Treasury Department announced a debt buyback operation to support Treasury yields, which rose to new highs over the week. The department said it will double the size of government debt repurchases, CNBC reported. The 10-year US Treasury yield fell more than 6 basis points to settle at 4.690?ter the move. On Tuesday, the 10-year US Treasury yield had hit an over one-year high of 4.7520%. 

 

On the war front, US President Donald Trump announced a "crushing economic operation" against Iran amidst the uncertainty over reaching a peace deal. Trump warned that any country which supports Iran will face heavy economic retaliation, Al Jazeera reported. Earlier, Trump said that peace talks with Iran will happen "maybe at some point", and he added that "right now, the situation is good," the report said.  (Adhithya Aji)


Equity Alert: Asian mkts open up amid easing bond yields; Kospi leads gains

 

MUMBAI--0815 IST--Most Asian indices opened higher during early trade on Thursday tracking gains in their US counterparts amid easing yields on global government bonds after the US treasury department announced it would increase its repurchases of long-term debt. South Korea's Kospi outperformed its peers by a wide margin during early trade. Among other gainers, Japan's Nikkei 225 and broader-market Topix rose nearly 1?ch, as did Hong Kong's Hang Seng.

 

Index heavyweights Samsung Electronics rose 8% and SK Hynix rose nearly 13% during early trade, driving the gains in the benchmark Kospi. SK Hynix announced it would buy back nearly $28 billion of its shares in a bid to calm investors concerned about the sustainability of artificial intelligence focused spending.

 

In Japan, data released by the country's finance ministry showed exports rose over 23% on year in July, outperforming the expectation of a 19.9% jump, according to economists polled by Reuters. Both the Nikkei 225 and Topix were up nearly 1% during early trade. Elsewhere, the People's Bank of China kept its benchmark lending rates unchanged for a 15th consecutive month in August. Policymakers held off on further monetary easing despite signs of weakness in domestic demand.

 

The following are the levels of key indices in the region at 0815 IST: 

 

Index

Level

Change in %

Nikkei 225 Day

65982.49 1.0

TOPIX FIRST SECTION

4048.72 0.9

S&P/ASX 200 Index

9077.1 0.3

KOSPI Index

6848.49 5.8

Hang Seng Index

25665.75 0.7

CSI 300 Index

4596.19 0.2

FTSE Singapore Strait Times

5668.63 (-)0.5

 

(Shruti Nair)


 

Equity Alert: US indices end higher; US Treasury announces increased buyback

 

MUMBAI--0713 IST--All three major US indices ended higher on Wednesday for the first time this week after the US Department of the Treasury announced increased buybacks of long-term debt over the coming few months. Following this, bond yields, which had risen sharply earlier, eased. All three major indices ended 0.2% higher.

 

On Wednesday, the US Treasury Department said it would at least double the size of its government debt repurchases. "This increase in buyback operation sizes reflects Treasury's desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants," according to the department's statement. Subsequently, the yield on the 30-year US Treasury bond, which had touched a new 19-year high on the previous day, declined more than 10 basis points to 5.184%, CNBC reported. The yield on the 10-year Treasury note dropped more than 6 basis points to 4.637%.

 

Among the top performers in Wednesday's session, Moderna shares nearly tripled, recording their biggest-ever one-day gain, according to a CNBC report. The gains followed news that an experimental skin cancer vaccine developed with Merck showed promising results in a late-stage trial. Merck shares ended nearly 13% higher, supporting the Dow Jones Industrial Average index. Shares of semiconductor company Marvell Technology ended nearly 10% higher after it announced a deal with Google under which Alphabet, Google's parent, could purchase up to $12.2 billion worth of shares in the chipmaker.

 

However, stocks of other technology companies slid after The Wall Street Journal reported that OpenAI had disclosed disappointing June-quarter results to its investors. The company's revenues grew 18% sequentially to $6.7 billion, but its losses deepened, the newspaper reported, citing sources. Shares of semiconductor companies Broadcom and Advanced Micro Devices ended about 4% lower.

 

Following are the closing levels of major US indices Wednesday:

 

Index

Level

Change in %

Dow Jones Industrial Average

53463.05 0.2

NASDAQ Composite

26331.09 0.2

S&P 500

7707.98 0.2

(Shruti Nair)

 

US$1 = INR 95.71

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.

 

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