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Informist, Friday, Sept. 11, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Mkts tad off lows as select stocks rise; IT cos remain higher

 

MUMBAI--1120 IST--Benchmark indices came slightly off their initial intraday lows, supported by index heavyweight Bharti Airtel and gains in other select stocks. Information technology stocks remained in the green, while metals and mining stocks continued as major laggards in the Nifty 50 index on higher crude oil prices. All financial services stocks traded lower in the index. At 1053 IST, the Nifty 50 fell 0.8% to 23283.10 points and the BSE Sensex also declined 0.8% to 74323.18 points.

 

In the 50-stock index, 10 constituents were trading higher from the earlier count of eight. Nestle India, ITC, and Dr. Reddy's Laboratories erased their earlier losses and turned 0.5-1% higher. The heavyweight stock Bharti Airtel was up nearly 0.5% and was lending most support to the Nifty 50 index. Information technology stocks such as Tech Mahindra, HCL Technologies, Infosys, and Wipro were 0.2–1.4% higher.

 

Metals and mining company Hindalco Industries was the worst hit stock in the 50-stock index, down 3%. Its peers, Tata Steel and JSW Steel, were 2.4% and 1.7% lower respectively. The index-heavyweights HDFC Bank and Reliance Industries weighed index down, trading around 1% lower each. However, their heavyweight peer ICICI Bank pared losses and was down only 0.4%. Bajaj Finance, Shriram Finance, and Bajaj Finserv were around 2% lower each.

 

The broader markets were in the red with the small-cap and mid-cap indices falling nearly 1?ch. Most sectoral indices were also in the red, with Nifty Realty down 4% and Nifty Metal down over 2%. Nifty IT, Nifty Media, and Nifty FMCG were the only sectoral indices in the green and were 0.1-0.3% higher. The India VIX was 5% up, indicating negative sentiment among investors.

 

Shares of HEG hit a 5% lower circuit for the second consecutive session after hitting 5% upper circuit at INR 271.50 apiece Wednesday. The 5% rise in shares on Wednesday was influenced by a graphite electrodes price hike by a US-based manufacturer. Real estate stocks such as Godrej Properties and Lodha Developers were the top underperformers in the Nifty 200 and Nifty 500 indices, down 6-7%.  (Utthara E. S.)

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Equity Alert: Cochin Shipyard falls 8%; co indicates lower EBITDA margin

 

MUMBAI--1118 IST--Shares of Cochin Shipyard fell over 8% to the lowest level in more than a month at INR 1,392.80. The stock fell after the company's management indicated lower earnings before interest, tax, depreciation, and amortisation margin over the next two years. At 1059 IST, Cochin Shipyard's shares were at INR 1,397.60, down over 8%. So far, 2.4 million shares of the company have been traded on Friday, almost double the three-month daily average volume of 1.3 million.

 

Cochin Shipyard is aiming for an EBITDA margin of 14% for the next two financial years, the company's management said in an analyst conference call Thursday. According to a calculation by Informist, this indicates a fall of over two percentage points from the 16.2?ITDA margin in the financial year 2025-26 (Apr-Mar). 

 

The company expects its ship-building EBITDA margin at 10% to 12%, and that for ship repair at around 22% to 24%. It also expects to see 12-15% revenue from the current order book in the next two years, according to the management. Currently, the company has an unexecuted order book of INR 222 billion. 

 

Post the call, Antique Stock Broking retained its 'hold' recommendation for Cochin Shipyard considering lower-than-expected EBITDA margin and high valuations. It maintained the target price at INR 1,671 per share. "...valuations continue to price in a more constructive execution outlook than what the current quarterly run-rate suggests, and remain at a premium to peers such as MDL (Mazagaon Dock Shipbuilders)," it said. While the company has guided for 14?ITDA margin, Antique expects the EBITDA margin at 18.1% for FY27 and 19.5% for FY28.  (Ayush Jaiswal)

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Equity Alert: Benchmark indices open 1% lower each, Nifty 50 hits 3-mo low

 

MUMBAI--0950 IST--Benchmark equity indices opened sharply lower, as Brent Crude oil futures surged to over $108 per barrel. Both the Nifty 50 and the Sensex opened a percentage lower each. The Nifty 50 opened below its key support of 23300 for the first time since Jun. 11. The index touched a three-month low of 23231.40 points soon after trading started.

 

In the Nifty 50, only eight stocks were trading with gains. Index heavyweights HDFC Bank and Reliance Industries were the key drags on the index, falling around 1?ch. Meanwhile, Bharti Airtel and Infosys lent support to the index. At 0951 IST, the Nifty 50 was at 23247.10 points, down 230.70 points or 1% and the BSE Sensex was also down 1% at 74224.70 points. The Nifty Realty was the worst hit sectoral index, down 4%. All constituents of the index fell, with shares of Godrej Properties and Lodha Developers down around 6?ch, while Prestige Estates Projects shed nearly 5%. 

 

Broader market indices were in tandem with the benchmarks, opening over 1% lower each. Meanwhile, India VIX rose over 6% to around 12.56 levels. The volatility index has not witnessed these levels since August.

 

On the back of elevated crude oil prices, upstream oil company Oil and Natural Gas Corp. gained nearly 1%. Its peer company, Oil India, opened higher but erased its gains later. On the other hand, oil marketing companies Hindustan Petroleum Corp. and Bharat Petroleum Corp. lost over 3% and 2%, respectively. Information technology stocks tried to stage a recovery. The Nifty IT index opened higher after falling for seven consecutive sessions but was moving between gains and losses.

 

On the NSE, the advance-decline ratio was tilted towards declines. Around 78% of the 3,037 stocks traded declined. Only 574 advanced, while 79 were unchanged from the previous session.  (Ruchira Kagita)

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Equity Alert: Asian mkts fall on rise in crude oil; Nikkei, Kospi worst hit

 

MUMBAI--0815 IST--Major Asian indices were down Friday as Brent crude oil futures crossed $109 per barrel after Iran-backed Houthis took control of Yemen's port city of Mocha Thursday. Japan's Nikkei 225 and South Korea's Kospi were hit hardest in the region, falling nearly 3% and 2%, respectively. Government bond yields were up in the region. 

 

Japan's 10-year government bond yield rose 6 basis points to 2.97%, and Australia's three-year government bond yield rose 10 basis points to a 15-year high of 5.047%.

 

Among shares, chip makers led declines in Japan, with shares of Koixia Holdings and Advantest falling more than 7?ch. Nikkei heavyweight SoftBank Group was down more than 5%. Kospi heavyweights Samsung Electronics and SK Hynix fell around 4?ch, dragging down the index.

 

Chinese chipmaker Enflame debuted on the stock market Friday, and its shares were up around 206%. The company saw huge demand in its initial offering and is considered one of China's "four little dragons" of artificial intelligence chip stocks. Moore Threads, MetaX Integrated Circuits, and Shanghai Biren Technology are the other companies in this pack. China's CSI 300 and Hong Kong's Hang Seng Index were up 1% and nearly 2% respectively.  

 

On the macroeconomic front, Japan's producer price index rose 7.6% on year in August, down from 7.7% a month earlier, but higher than 7.4% in a Reuters poll. Analysts expect the Bank of Japan to hike interest rates to 1.25% next week and then to 1.75% in the second quarter of 2027, Reuters reported.

 

The following are the levels of key indices in the region at 0755 IST: 

 

Index	Level	Change in %
Nikkei 225 Day	63452.79	(-)2.8
TOPIX FIRST SECTION	4008.83	(-)1.1
S&P/ASX 200 Index	8701.60	(-)1.3
KOSPI Index	6863.19	(-)2.4
Hang Seng Index	24678.84	(-)1.1
CSI 300 Index	4476.52	(-)1.6
FTSE Singapore Strait Times	5674.04	(-)0.3

 

(Vidhi Thacker)

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Equity Alert: To open lower as oil prices touch near four-month high

 

MUMBAI--0825 IST--Domestic benchmark indices are expected to open lower Friday as the escalating war in West Asia pushed Brent crude oil prices to a nearly four-month high of $109 a barrel. GIFT Nifty's September futures contract also suggested a lower opening for the domestic benchmarks. Most Asian equity indices were lower in early trade Friday.

 

US President Donald Trump said Thursday that he does not regret the ongoing Iran war despite the impact the conflict may have on the November US midterm elections, according to a Mint report. "I don't believe in the word 'regret,'" Trump told Fox News, according to the report. "You can always question yourself a little bit. If I had it to do again, I would do exactly as I did," he added.

 

At 0819 IST, the November delivery of Brent crude oil was marginally higher from its previous close at $107.87 a barrel on the Intercontinental Exchange. In a week, the crude oil futures contract gained 12% amid the escalation in the war in West Asia. Iran-backed Houthis have seized the Red Sea city of Mocha Thursday, expanding control over the strategic Bab al-Mandeb Strait, one of the world's most important trade routes, according to reports.

 

With crude oil prices surging, Treasury yields also reached multi-year highs Thursday, raising the stakes for next week's Federal Reserve meeting, according to Dow Jones Newswires. The benchmark 10-year yield rose 0.104 percentage points to 4.943%, its highest level since October 2023.

 

At 0820 IST, the September futures contract of the GIFT Nifty was largely flat from its previous close at 23333.50. This was nearly 145 points lower than the Nifty 50's Thursday close of 23477.80, indicating a fall in the benchmark index Friday. "The benchmark Nifty (50) index settled on a flat note after a lacklustre trading session in which neither bulls nor bears were able to drive the market in their direction," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "Looking ahead, a bounce toward the 23600–23650 spot range would attract fresh selling interest among traders as long as the index trades below the 23800 spot level. Downside support is positioned around the 23200–23000 spot levels," he said.

 

Among Asian equity indices, Japan's Nikkei 225 was hit hardest, down nearly 3%. South Korea's KOSPI was also down more than 2%. All three major US indices closed nearly 1% lower on Thursday.  (Arundathi A R)

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Equity Alert: US indices end lower on high crude oil prices, PPI data

 

MUMBAI--0735 IST--Major US indices ended lower Thursday after Brent crude oil futures crossed $107 per barrel and the US producer price index for August rose 0.4% on month and 5.4% on year. The annualised rise in inflation was slightly warmer than expectations, increasing the odds of the US Federal Reserve hiking interest rates this month. Investors now await the consumer inflation print due Friday. All three major US 

indices ended nearly 1% lower Thursday, falling for the fourth consecutive day.

 

"This report (PPI) points to cost increases in the pipeline and will support the case of those on the committee who want to hike rates now," Carl Weinberg, chief economist at High Frequency Economics, was quoted as saying by Reuters.

 

US Treasury yields were up, with the 10-year Treasury yield gaining 12 basis points and settling at 4.95%. The Treasury Department completed a $5.19 billion buyback of the $6 billion in long-term bonds it had announced to manage rising yields as energy prices keep climbing due to the US-Iran war.

 

On Wall Street, heavyweight chip stocks fell. Nvidia and Micron Technologies closed more than 2% and nearly 5% lower, respectively. Apple gained nearly 4% a day after it launched new products. Volume on the exchanges was up, with 15.1 billion shares traded Thursday, compared to an average of 14.9 billion shares in the past 20 sessions, a Reuters report said.   

 

Following are the closing levels of key indices in the region: 

 

Index	Level	Change in %
Dow Jones Industrial Average	52064.10	(-)0.6
NASDAQ Composite	26081.73	(-)0.7
S&P 500	7591.70	(-)0.6

 

(Vidhi Thacker)

 

US$1 = INR 95.72

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

 

Edited by Deepshikha Bhardwaj

 

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.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
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Reserve Bank of India - https://rbi.org.in
Controller General of Accounts, Government of India - https://cga.gov.in/
Government's Press Information Bureau - https://www.pib.gov.in

 

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