Equity Alert
Cable makers fall 8-18% after UltraTech's foray into business
This story was originally published at 15:28 IST on 7 September 2026
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Equity Alert: Cable makers fall 8-18?ter UltraTech's foray into business
MUMBAI--1516 IST--Shares of wires and cable makers--Havells India, Polycab India, KEI Industries, and RR Kabel--extended their losses and were down 1-4% intraday. The entry of UltraTech Cement into the wires and cables segment has created headwinds for the industry, brokerages said. The shares of the companies were down around 8–18% since UltraTech announced the start of commercial production of wires and cables in Gujarat on Sept. 1. At 1507 IST, shares of UltraTech Cement traded at INR 11,197 apiece on the National Stock Exchange, down nearly 2%. Shares of Havells India, Polycab India, KEI Industries, and RR Kabel traded 0.6-3.2% lower.
The ambitious plan of UltraTech Cement in the wires and cables segment for the next 3–5 years is likely to raise competitive intensity in the segment, Nomura said in a report. Higher competition will act as a near-term headwind for the industry's margins, the brokerage added. UltraTech's market share in the organised market is likely to reach 6–7% by the financial year 2029-30 (Apr-Mar), the brokerage added. Further, the sharp rise in copper prices will also lead to moderation in the industry's volume growth. "Aggressive scale-up by UltraTech to maintain growth and margin (are) headwinds for listed players," Nomura said.
Thursday, UltraTech announced the launch of its wires and cables business, Ultravolt. The company is aiming for over 100,000 retailers, with over 5,000 UltraTech Building Solutions outlets spanning across more than 500 districts. The company also plans to invest INR 18 billion, which will help it become the second-largest player in the wires segment by capacity and be among the top two players within five years. Initially, the company's portfolio will include home wires, flexible wires, and cables for residential, commercial, industrial, and infrastructure applications. It also plans to expand into broader electrical accessories over time.
UltraTech's existing relationships with individual home builders, contractors, real-estate developers, and construction players will be leveraged by its new wires and cables business to accelerate penetration, Nomura said. "We do not expect a meaningful contribution until FY28 and estimate the business could contribute around 5% of revenue from FY29," Systematix Shares and Stock said. The company is likely to generate revenue of INR 60 billion–INR 70 billion from the Ultravolt over the next 2–3 years, with subdued margins until the business builds scale, the brokerage added. (Ayush Jaiswal)
Equity Alert: Major European indices down as crude oil prices rise
MUMBAI--1500 IST--Major European indices were down Monday as crude oil prices rose after the US and Iran exchanged strikes again over the weekend. The November futures contract of Brent Crude Oil was up and hit an intraday high of nearly $98 per barrel. The pan-European Stoxx Europe 600 was down marginally. Technology and semiconductor stocks were up in the region following gains in Asian peers.
"With tanker traffic increasingly exposed to direct military action and restrictions around the strait potentially widening, risks to Gulf energy exports remain elevated, keeping a substantial geopolitical premium embedded in oil prices," MUFG Bank told Dow Jones Newswires. Investors await the European Central Bank's interest rate decision later in the week with expectations of a 25 basis point hike, according to the Dow Jones report.
Energy stocks were up in the region, and the Stoxx Europe 600 Energy index rose 1.3%. Shares of heavyweights Shell and Siemens Energy were up nearly 1% and 2%, respectively. ASML Holding, a semiconductor heavyweight of the Stoxx Europe 600, was up nearly 2% while BE Semiconductor Industries and German chipmaker Infineon Technologies were up around 3?ch. The broader Stoxx Europe 600 Technology sector gained 0.4%. Real estate stocks were down in the region as the Stoxx Europe 600 Real Estate fell nearly 1%.
Following were the levels of key indices in the region at 1445:
|
Index |
Level |
Change in % |
|
FTSE 100 Index |
10820.11 | (-)0.10 |
|
CAC 40 |
8281.32 | 0.03 |
|
FTSE MIB INDEX |
52155.58 | 0.11 |
|
DAX PERFORMANCE-INDEX |
25982.37 | (-)0.25 |
|
SLI PR |
2277.30 | (-)0.96 |
(Vidhi Thacker)
Equity Alert: Asian markets end higher; chip, AI cos lead gains
MUMBAI--1420 IST--Asian markets closed higher Monday on gains in semiconductor and artificial intelligence companies. The rally was driven by a strong performance among its US peers in the previous session. South Korea's Kospi was the top gainer, closing 4.6% higher. Japan's Nikkei 225 ended over 2% higher. Markets are pricing in a 75% chance of an interest rate hike of 25 basis points to 1.25% by the Bank of Japan at the Sept. 18 meeting and a 60% chance of another 25 bps hike by December, according to a Reuters report.
Index heavyweights SK Hynix, SK Square Co., and Samsung Electronics led gains in the Kospi, ending 6–8% higher. Shares of LG Electronics and Hanmi Semiconductor Co. also closed higher by over 6% and nearly 5?ch. Japan's Nikkei 225 ended over 2% higher and its broader Topix closed 1% higher. Tech heavyweights Tokyo Electron and Advantest Corp. led gains, closing nearly 5% and 4% higher, respectively.
The indices in the region ended higher despite elevated crude oil prices. Usually, Asian countries are sensitive to high crude oil prices as they import a significant amount of energy. The rally in AI and chip stocks offset the impact on sentiment from higher crude oil prices. The November futures contract of Brent Crude was marginally up around $96 per barrel as friction between the US and Iran persisted after the US attacked three Iranian oil tankers.
Following are the levels of key indices in the region at 1350:
|
Index |
Level |
Change in % |
|
Nikkei 225 Day |
66399.84 | 2.1 |
|
TOPIX FIRST SECTION |
4125.80 | 0.6 |
|
S&P/ASX 200 Index |
9010.90 | 0.1 |
|
KOSPI Index |
6995.39 | 4.6 |
|
Hang Seng Index |
25414.82 | (-)0.9 |
|
CSI 300 Index |
4575.02 | 0.6 |
|
FTSE Singapore Strait Times |
5794.82 | (-)0.1 |
(Vidhi Thacker)
Equity Alert: Media shares fall; Zee Entertainment down 7%, PVR INOX dn 8.3%
MUMBAI--1415 IST--Shares of Zee Entertainment Enterprises declined 6.6% to INR 85.52 apiece, the lowest in over three months, after reports that the Central Bureau of Investigation has registered a first information report against founder and Chairman Emeritus Subhash Chandra for allegedly inflating his net worth to help his companies avail loans. Shares of other media stocks such as PVR INOX and Sun TV Network also fell to their lowest prices in several months intraday.
Chandra is alleged to have misled LIC Housing Finance about his net worth when he stood guarantee for two loans that eventually went into default, Hindustan Times reported. The complaint by LIC Housing Finance was related to an INR-5-billion facility extended to Vasant Sagar Properties, with Pan India Infraprojects as co-borrower, and an INR 4.80-billion facility sanctioned to Digital Subscriber Management and Consultancy Services, with Spirit Infrapower and Multiventures as co-borrower, Business Today reported.
LIC Housing Finance was among the lenders that approached the National Company Law Appellate Tribunal opposing Chandra's repayment plan that would allow creditors to recover only about INR 65 million against claims of roughly INR 220.07 billion. Last week, the tribunal stayed an earlier order approving Chandra's repayment plan.
In another development, shares of multiplex operator PVR INOX fell 8.3% to INR 1,125.70, the lowest in over a month. The stock fell after The Economic Times reported that the company has asked a senior executive and a few others to leave in April following an internal investigation into alleged kickbacks worth up to INR 2 billion from developers involved in building cinema properties.
The allegations suggest kickbacks were received from developers of cinema properties by Pramod Arora, the company's chief executive officer for growth and investment. Shares of PVR INOX also fell after the company's buyback record date of Sept. 4. Last week, the company approved a buyback of 2.07 million shares through the tender offer route at INR 1,450 apiece for an aggregate amount of up to INR 3 billion.
Among other media shares, Sun TV Network fell 3.6% to INR 454, the lowest in over three years. At 1407 IST, the Nifty Media index was down 3% to be the worst-hit sectoral index. All index constituents, except Prime Focus and Saregama India, were in the red, down 0.2-6.2%. The index fell after rising for two straight sessions, in which it had gained 2%. (Arya S. Biju)
Equity Alert: IT stocks fall as odds of Fed rate hike rise; Infosys dn 4%
MUMBAI--1320 IST--Shares of information technology companies were under pressure with the Nifty IT index down for the fourth straight day. Shares of Infosys, Tech Mahindra, and HCL Technologies fell as much as 2-4% intraday, while those of mid-cap IT players, Mphasis and Coforge declined over 3% and 2%, respectively. Infosys also exerted the most downside pressure on the benchmark Nifty 50 index. The fall in technology stocks came as expectations of the US Federal Reserve raising interest rates in September went up after US jobs data for August was stronger than expected.
All the constituents of the Nifty IT index were in the red. Infosys posted the steepest fall, down nearly 4%, followed by Mphasis, which was down over 3%. The sectoral index shed 2.6% intraday to touch its lowest level in over a month. Over the past four sessions, the index has declined as much as 5%.
US employers added 162,000 workers to payrolls in August, significantly higher than 21,000 reported for July. Expectations for an interest rate hike in September stood at over 58%, according to the CME FedWatch. Odds of a rate hike had already inched up after Federal Reserve Chair Kevin Warsh's hawkish comments at the Jackson Hole symposium late August.
The rate hike factor is currently a key overhang for stocks in the Indian IT sector, Sumit Pokharna, vice president at Kotak Securities, said. If the US Federal Reserve hikes rates by 25 basis points to 3.75-4.00%, a knee-jerk fall is likely in IT stocks.
Global growth in artificial intelligence continues to dampen sentiment for Indian IT companies. Capital expenditure for AI "will keep going up", Pokharna said, but the pace of growth in spending is likely to slow down. Further, on the earnings front, a meaningful trigger to drive a rise in IT stocks is missing, Pokharna said. Indian IT services companies are currently struggling and earnings potential is still low, he said.
While one has to be selective in picking IT stocks, mid-cap IT companies are performing better than their large-cap peers, according to Pokharna. Kotak Securities remains positive on Coforge and Mphasis among mid-caps, while in the large-cap space, Infosys, Tata Consultancy Services, and Tech Mahindra are the top picks. (Ruchira Kagita)
Equity Alert: Fall in IT, fincl svcs cos keep mkt down; Maruti Suzuki up 1%
MUMBAI--1250 IST--Benchmark indices remained lower, dragged down by information technology and financial services stocks. Maruti Suzuki was the top gainer in the Nifty 50 and was up nearly 1%. Shares of the company were up after the carmaker announced a price hike of INR 20,000 on select models. At 1226 IST, the Nifty 50 was at 23767.40, down 130.30 points or 0.6%, and the BSE Sensex was at 76069.62, down 445.81 points or 0.6%.
Information technology stocks were the major laggard, dragging down the Nifty 50 index. Infosys fell further and was down more nearly 4%. Tech Mahindra, HCL Technologies, Wipro, and Tata Consultancy continued to fall and were down around 2?ch. Automobile stocks were mixed, with Maruti Suzuki and Eicher Motors rising 0.5-1%, while Bajaj Auto and Tata Motors Passenger Vehicles falling 1?ch.
Insurance company stocks were the worst hit among financial services. HDFC Life Insurance and SBI Life Insurance were down 1–2%. Shares of Jio Financial Services, State Bank of India, and Axis Bank were down 1–2% as well. Contrary to this, shares of the heavyweight ICICI Bank were up around 0.4%. Saturday, the Reserve Bank of India had allowed Life Insurance Corp. of India to purchase a stake of 9.99% in the bank.
In the broader market, indices remained mixed, with small-cap indices gaining 0.1–0.3% while the mid-cap indices remained lower around 0.5?ch. Nifty Auto was up marginally after falling earlier, while Nifty Media remained the worst hit among sectoral indices.
In the Nifty 200, Bosch became the top gainer and was up over 3%, while Steel Authority of India was the worst hit, falling to nearly 5%. Among the Nifty 500, Syrma SGS Technology was the top gainer as it rose further and was up over 9%. Shares of Zee Entertainment were the worst hit in the 500 index and were down 6%, while PVR Inox came off lows a little and was down 5%. (Vidhi Thacker)
Equity Alert: Brokerages positive on HUL post new growth strategy roll out
MUMBAI--1212 IST--Brokerages took a positive stance on Hindustan Unilever after the fast-moving consumer goods major rolled out its new strategy named "Winning in New India" for the coming years. The company plans to invest 3% of overall turnover in capital expenditure in the next five years. This is higher than 2% spent in the last five years. Analysts said the company will target volume-led growth through a combination of rising consumption, premiumisation, and market development.
Hindustan Unilever's strategy is based on expectations the Indian market will grow bigger and the country will have more robust economic growth. The company aims to focus on under-penetrated categories such as liquids, body wash, and premium personal care products. The company will target a 500 basis point gain in margin over five years. This is expected to be aided by a premium mix, operating leverage, savings, and artificial intelligence-led media efficiencies which should provide greater flexibility to reinvest in brands while maintaining profitability.
"HUL has outlined consumption growth, premiumisation, market-making, and new spaces as the four key growth vectors," Nirmal Bang Institutional Equities said. The management expects around 80% of the growth to continue coming from the existing portfolio and around 40% from market-making opportunities. Hindustan Unilever aims around 20% revenue from new spaces, which implies that the core portfolio remains the primary earnings driver. "...we remain structurally positive on HUL's medium-term growth prospects, supported by premiumisation, portfolio transformation, deepening rural penetration, and wide distribution network," Nirmal Bang said.
The competitive intensity is likely to remain high in home care and soaps, however, the company's initiatives in beauty and wellbeing are expected to offset this pressure, according to Motilal Oswal. The new strategy is expected to address the growth challenges that have persisted over the past few years. The FMCG major has reset its growth model towards volume growth and market development. "Moreover, continued sequential improvement in sales growth, alongside share gains, offers early validation," the brokerage added.
At 1208 IST, shares of Hindustan Unilever were at INR 1,962, down 0.6% from Friday. Over 279,000 shares of the company have changed hands on the NSE so far, lower than over 640,000 shares traded till the same time Friday. (Adhithya Aji)
Equity Alert: Motilal Oswal says 'buy' V2 Retail; target price set at INR 275
MUMBAI--1145 IST--Motilal Oswal Financial Services has initiated coverage on V2 Retail with a "buy" recommendation. The brokerage has set a target price of INR 275 on the company's shares. This implies a 27% upside from the closing price Friday. At 1127 IST, the stock was trading 3% higher at INR 222.79 on the NSE. Over a million shares of the company have been traded so far Monday, almost equal to its three-month daily average volume.
The brokerage expects V2 Retail's revenue to grow at 40% compounded annual growth rate between financial year 2025-26 (Apr-Mar) and FY29. The company's earnings before interest, tax, depreciation, and amortisation are likely to grow at a 38% compounded annual growth rate in the same period, while its net profit is expected grow 35%. This will be driven by nearly 450 store additions, around 5% same-stores sales growth, and fixed-cost dilution on scaling network.
Same-store sales growth is a key earnings lever for V2 Retail. A 1% rise in same-store sales growth leads to a 7–11% rise in EBITDA and profit, Motilal Oswal said in a report. The company's robust store economics supports rapid expansion, deep cluster-led penetration across under penetrated markets, and opportunities in Tier-2 and Tier-3 cities are key positives for the company, the brokerage said.
The company has a runway to have around 770 stores by FY29 through both new-market entry and deeper penetration of existing clusters, according to Motilal Oswal said. The brokerage expects the company's EBITDA margin to moderate to about 9% through FY29 as rapid store additions are seen temporarily diluting its operating leverage.
However, the brokerage anticipates some risks for the company. These include execution and site-selection risk due to rapid expansion, an increase in competition from domestic value-fashion players. Since in-house design scales beyond 35-40%, the company also faces higher assortment risk. This could hit margins, sell-through, and store returns. (Ayush Jaiswal)
Equity Alert: Indices fall further, IT, financial svcs weigh dn; RIL down 1%
MUMBAI--1134 IST--Benchmark indices fell further with information technology stocks being a major drag on them. Index heavyweights and financial services companies were down as well. Infosys and Reliance Industries weighed heavily on the Nifty 50. Nifty Media was down 2.5% and shed the most among the sectoral indices. At 1133 IST, the Nifty 50 was at 23767.85 points, down 129.85 points, or 0.5%, and the BSE Sensex was at 76096.73 points, down 418.70 points, or 0.5%.
Apollo Hospitals Enterprise was the top gainer among the few stocks that were in green. It rose over 1%. Larsen & Toubro, Power Grid Corp. of India, and Eicher Motors gained around 1?ch. On other hand, IT stocks were the worst hit. Tech Mahindra, HCL Technologies, Tata Consultancy Services, and Wipro were down over 1?ch. IT shares fell on strong expectations of an intrest rate hike by the US Federal Reserve post stronger-than-expected US jobs data. Indices in US fell after the date release.
Metal companies Tata Steel, Hindalco Industries, and JSW Steel fell 1-2%. Shares of Trent and UltraTech Cement fell around 2?ch. Financial services companies Jio Financial Services, SBI Life Insurance Co., HDFC Life Insurance Co., and Shriram Finance fell around 1?ch as well.
Broader market indices remained mixed with small-cap indices up 0.1-0.2% while the mid-cap indices fell around 0.5?ch. Among the sectoral indices, Nifty India Defence, Nifty Pharma, and Nifty Healthcare were the top gainers. They were up around 1?ch.
In the Nifty 500, PVR INOX was among the worst hit stocks after the discovery of INR-2-blillion fraud by a senior executive. A media report saying an FIR registered against chairman emritus of Zee Entertainment Enterprises pushed its shares down. PVR INOX and Zee Entertainment were the worst hit stocks, down nearly 8% and 6%, respectively.
Among the Nifty 200, Steel Authority of India fell nearly 4%. Meanwhile, shares of telecom operator Vodafone Idea rose nearly 4%. Amomg the Nifty 500, Syrma SGS Technology and Zydus Wellness rose over 7% and were the top gainers. (Deesha Jadhav)
Equity Alert: Purple Style Labs lists at 6-7% discount to issue price
MUMBAI--1035 IST--Shares of Purple Style Labs listed at INR 535 on the National Stock Exchange and at INR 539 on the BSE. The shares listed at a 6-7% discount to its issue price of INR 575. The stock touched an intraday high of INR 588.90 on the NSE, up over 2% from its issue price.
However, the stock pared its gains and slipped into the red. At 1035 IST, the stock traded at INR 566.30 on the NSE, down 1.5% from its issue price. Over four million shares of Purple Style Labs changed hands on the bourse. Trading volumes in the stock on the NSE were over nine times higher compared with the BSE.
Purple Style Labs' initial public offer was subscribed over 1.29 times, with bids placed for 8.87 million shares against the 6.85 million on offer. The company had allocated 5.32 million shares at INR 575 apiece worth INR 3.06 billion to anchor investors.
Purple Style Labs runs the multi-brand designer platform, Pernia's Pop-Up Shop. It offers designer wear for weddings and occasions, with products spanning clothing, kidswear, jewellery, and accessories. For the financial year 2025–26 (Apr-Mar), the company had reported a consolidated net loss of INR 2.85 billion on revenues of INR 5.58 billion. (Ayush Jaiswal)
Equity Alert: Market opens down on higher crude, global cues; IT shrs fall
MUMBAI—0943 IST--Benchmark indices opened lower Monday amid elevated crude oil prices and negative global cues. Crude oil prices were near $97 per barrel, while stronger-than-expected US jobs data heightened expectations of an interest rate hike by the US Federal Reserve. Information technology shares were the major laggards. At 0941 IST, the Nifty 50 was at 23842.15, down 55.55 points or 0.2%, and the BSE Sensex was at 76342.59, down 172.84 points or 0.2%.
Bharti Airtel, ICICI Bank, and Coal India were the top gainers in the Nifty 50. These shares rose around 1?ch. Information technology major Infosys was the worst-hit Nifty 50 constituent, down nearly 3%. Its peers Wipro, HCL Technologies, Tata Consultancy Services, and Tech Mahindra fell 1-2%. Bajaj Auto, UltraTech Cement, SBI Life Insurance Co., and HDFC Life Insurance Co. fell around 1?ch. Metal companies JSW Steel and Tata Steel also fell around 1?ch.
The broader market indices were mixed. Small-cap indices were largely flat, and mid-cap indices were down 0.2-0.3%. Nifty Media was the worst-hit sectoral index, down nearly 3%. Media entertainment majors PVR INOX and Zee Entertainment Enterprises dragged the sectoral index lower. They fell over 7% and nearly 5%, respectively. PVR INOX shares fell after a company executive was asked to leave following an internal investigation that revealed alleged kickbacks from real estate developers involved in building cinema theatres. The kickbacks were made over several years and aggregate to around INR 2 billion, the Economic Times reported.
Zee Entertainment Enterprises' shares fell after a media report said the Central Bureau of Investigation registered a first-information report against the company's Chairman Emeritus Subash Chandra. The report pertains to the alleged fraud involving over INR 13.22 billion loan extended by LIC Housing Finance.
Vodafone Idea, Supreme Industries, and CG Power and Industrial Solutions were the best-performing stocks in the Nifty 200, rising around 2?ch. In contrast, Steel Authority of India's shares fell more than 3%, making it the biggest laggard in the index. Jindal Steel fell nearly 2%. (Adhithya Aji)
Equity Alert: Market seen opening down as West Asia war keeps crude elevated
MUMBAI--0835 IST--Indices are expected to start the week lower as the war in West Asia continues to weigh on investor sentiment. Over the weekend, the US and Iran exchanged attacks, pushing crude oil prices higher to nearly $97 per barrel. Stronger-than-expected US jobs data have raised expectations of a Federal Reserve interest rate hike.
The Nifty 50 index is trading close to the support zone 23600-23800 of the past two-and-a-half-month consolidation phase, Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market, said. A sustained move above 24000 is expected to lead the index towards 24200 and higher levels in the near term. "Hence, we suggest that traders maintain a stock and sector-specific trading approach as long as the index is hovering within this consolidation phase," Kumar said.
Reports said Iran plans to announce a new 'exclusion zone' near the Strait of Hormuz, aimed at vessels it believes are attempting to transit the waterway. This comes after the US targeted three Iranian oil tankers in retaliation for Tehran's attack on US warships. Crude oil prices remained elevated as energy supply concerns persist due to the ongoing war. Data from Kpler revealed that shipping traffic through the Strait of Hormuz has fallen to its lowest level since May, despite the US claims that the Navy is escorting more ships through the waterway.
The US Treasury yields rose after the jobs report, with the 2-year Treasury yield rising more than 4 basis points to 4.377% and reaching its highest level since January 2025 during the day. The 10-year Treasury yield settled at 4.78%, up 1 bp from Thursday. This follows the US employment report for August, which showed non-farm payrolls increased by 162,000 and the unemployment rate was unchanged at 4.1%. Economists polled by Reuters expected job additions of 56,000. This reading has raised expectations of a rate hike by the US Federal Reserve.
Starting Monday, the exchanges have revised the pre-open framework to align it with the new closing auction system introduced in March. Under the new system, from 0905 IST to 0910 IST, no market orders can be placed or revised. The random closing mechanism will now take place between 0908 IST and 0910 IST, instead of 0907 IST. (Adhithya Aji)
Equity Alert: US indices end lower Fri after jobs data raises rate-hike risk
MUMBAI--0745 IST--Major US indices closed lower Friday, and Dow Jones futures fell further Monday after a better-than-expected August employment report raised the probability that the US Federal Reserve may hike interest rates at its monetary policy meeting later this month. US Treasury yields rose after the jobs report, with the 2-year Treasury yield rising more than 4 basis points to 4.377% and reaching its highest level since January 2025 during the day. The 10-year Treasury yield settled at 4.78%, up 1 bp from Thursday.
The US employment report for August showed that non-farm payrolls grew by 162,000 and the unemployment rate was unchanged at 4.1%. Economists polled by the Dow Jones expected the rise at 53,000. "Net, net, the labor market is alive and well and generating thousands of new jobs to help keep economic growth squarely in the plus column," Chris Rupkey, chief economist at Fwdbonds, told CNBC. Financial markets were pricing a 58% possibility of a rate hike in the next Federal Reserve meeting, up from 49% on Thursday, according to the CME FedWatch Tool.
The Dow Jones Industrial Average was hit hardest among its peers and ended 0.5% lower Friday. Index heavyweights UnitedHealth Group and Microsoft Corp. were down nearly 1% and 2%, respectively. The Nasdaq Composite and S&P 500 were down 0.3–0.4%. Shares of Tesla were down nearly 6?ter its Cybercab launch. Shares of Lululemon Athletica were down over 17?ter the company cut its full-year earnings forecast, according to a Reuters report. Semiconductor stocks outperformed in the region, while software and services were hit hardest, the report added.
|
Index |
Level |
Change in % |
|
Dow Jones Industrial Average |
53414.25 | (-)0.5 |
|
NASDAQ Composite |
26506.99 | (-)0.3 |
|
S&P 500 |
7718.60 | (-)0.4 |
(Vidhi Thacker)
US$1 = INR 94.48
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.
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