Tag: Indian shares

Indian shares look set to open on a sluggish note Friday after TCS and Tata Elxsi reported disappointing earnings results.

TCS beat revenue estimates for Q2FY26, but severance costs dented profit. Tata Elxsi reported a fourth straight quarter of widening profit fall as its key transportation business declined amid the impact of U.S. tariffs.

Benchmark indexes Sensex and Nifty rose around half a percent each on Thursday, after having snapped their four-day winning run the previous day. The rupee fell by 4 paise to close at 88.79 against the dollar.

Foreign institutional investors (FIIs) were net buyers of shares to the extent of Rs 1,308.16 crore on Thursday, while domestic institutional investors (DIIs) net bought shares to the tune of Rs 864.36 crore, according to provisional exchange data.

Asian stocks were lower this morning on concerns over stretched valuations, even as Seoul markets rose sharply as traders returned from holidays.

The dollar dipped after a four-day rally took it to its strongest level since July. Gold was slightly lower below $4,000 an ounce after having fallen 2 percent on Thursday, the most since August.

Oil steadied after falling more than 1 percent in the previous session amid cooling tensions in the Middle East.

Overnight, U.S. stocks ended slightly lower after a week of record-breaking gains. Caution crept in as IMF and JPMorgan Chase warned of potential market correction, and the U.S. government shutdown entered its ninth day with no end in sight.

Meanwhile, with three weeks until the Federal Reserve’s next policy meeting, New York Federal Reserve President John Williams signaled he would be comfortable cutting rates again.

On the contrary, Fed Governor Michael Barr leaned heavily into the risks of inflation. Fed Chair Jerome Powell provided no new policy updates.

The tech-heavy Nasdaq Composite finished marginally lower, the S&P 500 gave up 0.3 percent and the Dow shed half a percent.

European stocks fell from record levels on Thursday amid renewed concerns about the political situation in France.

The pan-European Stoxx 600 dropped 0.4 percent. The German DAX edged up marginally, while France’s CAC 40 slid 0.2 percent and the U.K.’s FTSE 100 dipped 0.4 percent.

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Market Analysis

Indian shares are likely to open a tad higher on Thursday as investors brace for the September-quarter earnings season, with TCS, India’s largest IT services company, scheduled to report results after the market close later today. Tata Elxsi and GM Breweries are also due to report their quarterly earnings results.

Meanwhile, Union Commerce and Industry Minister Piyush Goyal on Wednesday said no power on earth can stop India from becoming a developed nation by 2047 and that the government is taking a series of initiatives to promote the domestic economy, build infrastructure and expand international trade.

He also said that India and the U.S. are in continuous dialogue on the proposed bilateral trade agreement, and all possibilities exist to meet the November deadline for concluding the talks.

Benchmark indexes Sensex and Nifty ended down around 0.2 percent each on Wednesday to snap their four-day winning run. The rupee fell by 3 paise to close at 88.80 against the U.S. dollar.

Foreign institutional investors (FIIs) were net buyers of shares to the extent of Rs 81 crore on Wednesday, while domestic institutional investors net bought shares to the tune of Rs 330 crore, according to provisional exchange data.

Asian markets were mixed this morning as China returned from holidays. Traders are seeking clues about potential policy changes after the Golden Week results indicated that consumer spending in China remains weak.

The dollar held steady and was on track for its best week in nearly a year as the U.S. government shutdown stretched into a ninth day.

Gold traded lower but still traded above $4,000 an ounce. Oil prices fell as Israel and Hamas agreed to the “first phase” of U.S. President Donald Trump’s peace plan to pause fighting and release at least some hostages and prisoners, making a major breakthrough in the U.S.-brokered negotiations to end their two-year war.

Overnight, U.S. stocks ended broadly higher, with tech stocks leading the way after reports suggested that Nvidia will invest $2 billion into a $20 billion equity and debt funding round for Elon Musk’s AI venture.

On the economic front, data showed home loan applications in the U.S. declined for a second week in a row, but at a slower pace.

The minutes covering the Fed’s Sept. 16-17 policy meeting signaled more rate cuts could be in play for the rest of 2025 despite steep divisions within the central bank about the outlook for jobs and inflation.

The tech-heavy Nasdaq Composite and the S&P 500 gained 1.1 percent and 0.6 percent, respectively to reach new record closing highs while the narrower Dow ended marginally lower.

European markets closed on a firm note on Wednesday after the European Commission proposed measures to protect the EU’s domestic steel industry.

The pan-European Stoxx 600 advanced 0.8 percent. The German DAX climbed 0.9 percent, France’s CAC 40 rallied 1.1 percent and the U.K.’s FTSE 100 added 0.7 percent.

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