Stock Market Updates

U.S. stocks ended in record territory on Wednesday after the Federal Reserve delivered a 25 basis point interest-rate cut that investors had been expecting, helping to keep the postelection rally alive. Stocks hit fresh all-time highs, climbing alongside bonds and commodities.The Federal Reserve on Thursday voted to cut its benchmark interest rate by quarter-percentage point to a range of 4.5%-4.75%. In advance of the Fed, the Bank of England cut interest rates by a quarter point on Thursday for only the second time since 2020. Investors rushed into exchange-funds after Donald Trump won the race to become the 47th president of the U.S., particularly seeking exposure to the country's stock market. A "monumental" $22 billion flowed into U.S.-listed ETFs on Wednesday.China’s exports in October rose at their fastest pace in 19 months, sharply beating analysts’ estimates.Wipro announces Strategic Partnership with RELEX SolutionsMacrotech Developers to acquire Bain Capital’s stake in digital infra firms for Rs 307 crCyient DLM Wins Long Term Deal with Honeywell Aerospace Technologies to Provide Aircraft Cooling TechnologyAsian equities climbed Friday after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. Investors will be watching the final day of China’s National People’s Congress, which is expected to announce fiscal stimulus to support the world’s second-largest economy.Nifty 50 snapped a two–day rally on Nov 07 and settled over 1% lower as Indian markets started pricing in the effects of Donald Trump winning the US election on emerging markets' financial assets, which weighed on the risk-on sentiments. Indian Rupee continued to weaken even as the USD gave up some gains made on the previous day. Nifty is not able to break sustainably out of the 24000-24500 band. A breach of this band could result in a move in that direction. 23680-23800 could be the next support band in case of a downward breach.Indian markets could open flat to mildly higher, in line with higher Asian markets today and positive US markets on Nov 07

U.S. stocks ended lower on Monday after a choppy session, as investors await the too-close-to-call presidential election on Tuesday. US stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve rate decision.The HSBC India Manufacturing Purchasing Managers’ Index rose from September's eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in operating conditions.China's services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing's big stimulus push was helping improve business conditions, a private-sector survey showed on Tuesday. The Caixin (PMI) grew to 52.0 in October from 50.3 the previous month.Asia-Pacific markets traded mostly higher on Tuesday as investors prepared for the U.S. presidential election and a possible interest rate cut from the Federal Reserve later this week.In the stock specific newsCoal India Ltd (CIL) to prioritize increasing coal production and supply to curb imports. Bandhan Financial Services acquires global IT company GenisysJK Paper Q2FY25 -Overall numbers were lower than expectationsNifty closed with a loss of 309 points or 1.27% at 23995 on Nov 04. Nifty broke below the previous swing low of 24073 and 23893, made on 25th October 2024 and 5th August 2024 respectively. Trend of the Nifty remains down as it is placed below 10,20,50 and 100 days EMA. Immediate support for Nifty is seen at 23816, below which it could further fall to 23502. On the higher side 24300 is expected to act as a stiff resistance.

Indian benchmark indices Sensex and Nifty ended on a strong note on special Muhurat trading session for Samvat 2081 on November 1. A broad-based buying was seen across all sectors, led by auto pack, reacting to their strong October sales figures. At close, the Sensex was up 335.06 points or 0.42 percent at 79,724.12, and the Nifty was up 99 points or 0.41 percent at 24,304.30.U.S. stocks closed higher on Friday, but off the session's high, with the S&P 500 and Dow Jones Industrial Average reporting a back-to-back weekly loss ahead of the Nov. 5 presidential election. Rising bond yields have been a concern in the run-up to the election, which remained too close to call on Friday and might take days or weeks to decide. The US jobs report released Friday showed the U.S. economy added just 12,000 jobs in October, far below the Dow Jones estimate of 100,000. This marked the weakest level of jobs creation since December 2020. The unemployment rate held at 4.1%, in line with estimates. Goods and Services Tax collections in India rose to a six-month high of Rs 1.87 lakh crore in October, staying above the Rs 1.7 lakh crore mark for the eighth consecutive month, data released on November 1 showed. Asia-Pacific markets (with Japan out for a holiday) rose Monday as investors geared up for a busy week that includes the U.S. presidential election and the Federal Reserve’s monetary policy meeting. China's National People's Congress (NPC) standing committee meets from Nov. 4 to Nov. 8, which will be closely watched for further details of a raft of stimulus measures that were announced recently.DLF to develop ultra-luxury housing project worth Rs 8,000 crore in GurugramApollo Hospitals to add 3,512 beds, invest Rs 6,100 crore in four yearsAzad Engineering signed a long term contract with Mitsubishi Heavy IndustriesNifty formed a reasonable bear candle on October 31 but the Muhurat trading session on Saturday helped the Nifty to show a positive candle on weekly charts after four weeks of fall. On weekly charts it has formed a small doji type candle in a sideways manner. Whether this signifies a possible upside reversal or a continuation pattern will be clear next weekend after the two big events. Nifty could now take support from 23893 while facing resistance from the 24492-24567 band over the near term. Indian markets could open flat to mildly lower, despite mildly higher Asian markets today and positive US markets on Nov 01

U.S. stocks finished mostly higher on Tuesday, with the Nasdaq Composite scoring its 28th record close of the year, as investors prepared for quarterly earnings from Google parent Alphabet Inc. after the closing bell. Gold hit a fresh record early on Wednesday as Bitcoin traded near its all-time high.Just about a week away from the Federal Reserve decision, data showed US job openings fell to the lowest since early 2021. .The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7.GlaxoSmithKline Pharma numbers were strong for the quarter. Voltas Ltd reported more than two-fold jump in consolidated net profitMarico Ltd reported an increase of 20.27% in consolidated net profit Asia-Pacific markets were mixed Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained.Nifty extended its recovery for a second consecutive session on October 29 rebounding well from morning lows. Banks (including PSU Banks) did well for the second consecutive session. The short term trend of Nifty seems to have turned bullish. Nifty could take support from the 24073-24140 band while on upmoves it can face resistance in the 24567-24694 band in the near term.Indian markets could open flat to mildly lower, in line with mostly lower Asian markets today and despite mostly higher US markets on Oct 29

U.S. stocks closed higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies and the final stretch before the Nov. 5 presidential election,Asian equities were mixed Tuesday as traders prepared for the US election and key economic data that will set the stage for the next Federal Reserve decision.BPCL’s Russia oil intake share falls to 34% in September qurterAirtel to split DTH and entertainment businessPrestige estae acquired land in bangaluru for Rs. 462 crNifty snapped a five–day losing streak on October 28 as oversold conditions, lack of aggressive FPI selling, Cash market volumes rose as Bank stocks seem to be coming back in favour. Nifty could now rise to face resistance at 24567, while the 24073-24135 band could offer support in the near term. Sustenance of this upmove over the next few days will be crucial to lead to return of buying interest from all classes of investors.Indian markets could open flat to mildly higher, in line with mixed Asian markets today and positive US markets on Oct 28

U.S. stocks closed mixed Friday as Treasury yields rose and investors weighed fresh economic data ahead of next week’s jobs report. Banks got hit as New York Community Bancorp tumbled 8.3% on a weaker outlook.Russia’s central bank raised interest rate to 21% to fight inflation boosted by military spending. Nvidia dethroned Apple as the world's most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips. Nvidia's stock market value briefly touched $3.53 trillion, slightly above Apple's $3.52 trillion. UBS Global Wealth Management has raised its stance on global equities to "attractive" from "neutral", citing resilient U.S. economic growth, monetary policy easing by major central banks and an artificial intelligence (AI) boom. ICICI bank recorded a standalone net profit growth of 14.4% YoY, aided by treasury gains despite higher provisions.CDSL Revenue for the July-September quarter grew 55.4 per cent YoY to Rs 322 crore.Krsnaa Diagnostics Revenue for the quarter grew 20% YoY , and net profit increased 87% YoY on back of Adj. EBITDA margin expansion of 660bps Crude oil futures fell Sunday, after widely-anticipated Israeli airstrikes against Iran did not hit crucial oil facilities. Japanese stocks rose strongly on Monday as the yen sank to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority. Other Asian markets were mostly in the green on Monday morning.Nifty ended on a weak note on October 25 near two and half month lows despite the last hour bounce. It closed lower for the fourth consecutive week falling 2.71% over the week. Indian markets have fallen on all days of the week reeling under FPI selling pressure, weak Q2 results from most corporates and rising treasury yields in the US. Though a bounce in the markets is overdue, it needs reversal of selling pressure from FPIs and some sentiment stability in the local investor community. Nifty could now take support from 23892 while 24378 could prove to be tough to breach on the up in the near term.Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and mixed US markets on Oct 25

U.S. stocks closed mixed on Thursday, with the blue-chip Dow extending its losing streak to a fourth straight session and the S&P 500 edging higher as Tesla shares surged. A gauge of the “Magnificent Seven” hit a three-month high, with Tesla Inc. up 22% in its biggest rally since May 2013.In Japan, Governor Kazuo Ueda signaled the central bank won’t hike interest rates next week, with almost all BOJ watchers already expecting no policy shift this month.Reliance and Nvidia are partnering to build AI infra in IndiaNLC India forms joint ventures with rajasthan for power capacity expansionGujarat Fluorochem EV Division Secures INR 1k cr for ExpansionMajor Asian equity benchmarks were split between gains and losses Friday after Wall Street rallied for the first time this week as Tesla Inc. shares jumped.Nifty settled at over two–month low on October 24 falling for a third consecutive session as earning reports failed to uplift investors' sentiment. Nifty witnessed a 139-point high-low range with volumes falling 17% compared to the previous session. This suggests that constant selling pressure could be close to an end for the time being. Nifty could bounce back and run into resistance in the 24568-24604 band while 24196 could provide support for the near term.

The Dow Jones and S&P 500 finished lower for a third straight session, joined by the Nasdaq on Wednesday as investors agonized about rising Treasury yields and the possible outcome of the Nov. 5 presidential election. Big tech climbed in after hours as Tesla Inc. kicked off the “Magnificent Seven” earnings season with solid results.Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election.U.S. home sales fell to the lowest level in 14 years, as high home prices and uncertainty over the upcoming presidential election spooked home buyers. Asia-Pacific markets were mixed Thursday after U.S. stocks dropped overnight, with the Dow Jones Industrial Average posting its worst day in more than a month.Sona Comstar to acquire Escorts Kubota’s Railways Equipment Division for Rs 1600 croreKEC International won orders worth Rs. 1,142 croreAdani Power board to mull raising up to rs 5,000 croreNifty fell for a third consecutive session on October 23 to end at its lowest level in more than 2 months. Nifty weakened marginally after a smaller range day as the latest release of corporate earnings were better than the earlier ones. Global markets remained pressured by a rising dollar, lower global growth forecast by the IMF, uncertainty around the US elections, rising geopolitical tensions and the prospect of a less aggressive US Fed in cutting rates. Nifty needs to move above 24604 to signal bullishness. On falls 24347-24367 band could offer supportIndian markets could open flat to mildly higher, in line with mixed Asian markets today and despite negative US markets on Oct 23

*Nifty at 2 months lows - Oversold, a bounce is overdue*U.S. stocks finished mixed on Tuesday, with the S&P 500 posting its first back-to-back losses since early September, as investors considered rising Treasury yields amid concerns about a soaring U.S. deficit after the upcoming presidential election. US stocks struggled in late hours after downbeat news from some key American companies, with traders also mulling prospects for a slower pace of Federal Reserve rate cuts.Asian shares mostly rose in early trade on Wednesday, despite lower US Benchmarks and subdued risk appetite as traders mulled the prospect of less aggressive Federal Reserve interest rate cuts.Govt advances disinvestment process for IDBI Bank, due diligence to begin in NovemberGerman company Allianz SE is considering an exit from its life and general insurance joint ventures with Bajaj Group. Bajaj Finserv holds a 74% stake, while Allianz holds 26%.Rites received an order worth Rs 454 croreNifty ended at the lowest level in over two months on October 22 suffering under selling pressure from FPIs and local traders. Markets witnessed higher volumes on a down day even as investors disappointed with underwhelming Q2 numbers sold stocks regardless of prices to protect whatever profits are left on the table for them. 24197-24367 band is the next support for the Nifty in the near term. As the Nifty has become oversold, a bounce is overdue which could go upto 24756-24832 band. Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and mixed US markets on Oct 22

U.S. stocks closed mostly lower on Monday, as 10- and 30-year Treasury yields ended at almost three-month closing highs. Long-dated Treasurys aggressively sold off on Monday amid growing worries about the prospects of a rising U.S. deficit, pushing yields to their highest closing levels in months. Yields on 10- and 30-year government debt jumped about 10 basis points each to close at 4.18% and nearly 4.49%, respectively. The leading indicators of the U.S. economy fell again in September because of weakness in a few key industries such as housing and manufacturing, but not enough to suggest any sign of major trouble. The leading index dropped 0.5% last month, the Conference Board said Monday. The gauge has fallen in almost every month since early 2022 even though the economy has continued to expand. Economists polled by The Wall Street Journal had forecast a 0.3% drop.Reaffirming the strength of India's economic growth, the Reserve Bank of India's October Bulletin projected real GDP growth at 7.2 percent for the fiscal year 2024-25. In the Bulletin, the RBI highlighted that the momentum in consumption and investment demand continues to fuel growth, with Q2 growth forecast at 7 percent and Q3 and Q4 at 7.4 percent each. It however reduced its gross domestic product forecast for India by 20 basis points to 6.8% for the second quarter of fiscal 2024-25.Asian equities were mostly lower for a second day as Wall Street stocks took a breather after notching their longest weekly rally this year.Tata Motors secures order for 1,000 diesel bus chassis from UP State Road Transport CorpAlembic Pharmaceuticals gets US FDA approval for generic Diltiazem CapsulesReliance Retail expands AZORTE with 12 new stores in IndiaNifty on October 21 started the week on a negative note after opening higher as investors reacted to more quarterly results. At close, Nifty was down 0.29% or 72.9 points at 24781.1. Nifty formed a Dark Cloud Cover like pattern on October 21 (though its placement is not ideal) after forming a bullish piercing pattern in the previous session. It keeps running into resistance at 25000+ levels. Nifty could stay in the 24567-25057 band for the near term.

All three major U.S. stock indexes closed higher Friday, each reporting a sixth straight week of gains as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks. This marked the longest string of weekly advances in 2024 Crude oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed and investors digested a mixed Middle East outlook. More than 70 S&P 500 companies have reported earnings this season. Of those, 75% have beaten expectations.Foreign investors are on track to sell a record amount in Indian equities in October in absolute terms, as fund managers diverted their focus from richly valued local equities to China in hopes that Beijing's recent stimulus may boost its ailing economy. Foreign portfolio investors have sold a net amount of $8.4 billion so far this month, surpassing the previous record outflow of $8.35 billion, recorded in March 2020 - the start of the COVID-19 pandemic. China cut benchmark lending rates as anticipated at the monthly fixing on MondayCeat is also expanding its PCR (passenger car radial) capacity in its Chennai plant.Multi Commodity Exchange (MCX) reported a net profit of ₹153.6 crore for Q2FY25 against a loss of Rs 19.1 crore a year ago.Tejas netweok registered a profit of Rs 275.2 crore as against a net loss of Rs 12.6 crore, a year ago.Asia’s benchmark stock indices were mixed Monday morning, while gold touched a record high as tensions in the Middle East stoked demand for the asset as a safe haven.Nifty 50 snapped a three–session losing streak on October 18. AT close, Nifty was up 0.46% or 113.6 points at 24863.4. Nifty could face resistance from 25128 in the near term while 24568 could provide support.Indian markets could open flat, in line with mixed Asian markets today and despite higher US markets on Oct 18

Major U.S. stock indexes bounced back from a selloff in the prior session to finish higher on Wednesday, buoyed by strong corporate-earnings results from names like Morgan Stanley and United Airlines.Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years.Oil futures fell for a fourth straight session of declines on Wednesday, with prices holding ground at their lowest in two weeks as traders focused on an uncertain demand outlook.China will expand a "white list" of housing projects eligible for financing and increase bank lending for such developments to 4 trillion yuan ($562 billion), Minister of Housing and Urban-Rural Development Ni Hong said on Thursday.Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech and into economically sensitive shares including smaller companies.Nifty recorded two–day losing streak on October 16 tracking sell–off across the globe with Nifty closing below 25,000. At close, Nifty was down 0.34% or 86.1 points at 24971.3. A breach of 24908 could take the Nifty to 24832 while 25234 could continue to be a stiff resistance for the near term. Nokia in talks with Bharti Airtel for multi-billion dollar 5G contractGodrej Properties secures 3 adjoining plots totalling 6.5 acres in MumbaiLTTS revenue was in line with estimates and net profit was below expectations in Q2FY25Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Oct 16

Wall Street's major stock indexes closed lower on Tuesday, with a 1% drop in the technology-heavy Nasdaq leading losses as chip stocks tumbled on demand concerns while the energy sector fell 3% as oil prices dropped. US stocks also got hit as a disappointing outlook from Europe’s most-valuable tech company and concern about tighter US restrictions on chip sales spurred a selloff in the industry China’s housing minister is planning to hold a press briefing on Thursday, likely providing more details of measures to support the property sector and bolster economic growth. Cochin Shipyard OFS tomorrow to sell 5% stake at a floor price of Rs 1,540 per shareIndian Oil partners with EverEnviro for joint compressed biogas ventureAshoka Buildcon received an order worth Rs 1127 croreStocks in Asia slipped on Wednesday, tracking a US selloff, as investors weighed if the artificial intelligence rally that’s powered the bull market recently still has room to run.Nifty ended lower on October 15 reacting to mixed set of corporate results. At close, Nifty was down 0.28% or 70.6 points at 25057.4. Nifty remains choppy even as the 25200 level proves difficult to breach on the upside. Nifty could stay in the 25234-24832 band for the near term.Indian markets could open lower, in line with mostly lower Asian markets today and negative US markets on Oct 15

U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average and the S&P 500 logging record closing highs as third-quarter earnings season moved into full swing. So far, 30 S&P 500 companies have posted results, beating the earnings consensus by about 5% on averageIndia's retail inflation rose to above the central bank's target in September, led by the base effect and rising vegetable price momentum. The Consumer Price Index-based inflation rose to 5.49% in September, compared to 3.65% last month. A Bloomberg poll of economists had pegged the inflation at 5.1% for Sept.Reliance Industries, Disney India merger expected to close in Q3FY25CESC subsidiary to fully acquire Deshraj Solar EnergyHCL Tech quarterly numbers were above expectations in Q2FY25.Shares in Asia climbed after another strong performance on Wall Street, with stocks hitting fresh record highs. Japan’s Nikkei share average hit a three-month high on Tuesday amid a broad rise in Asia-Pacific stocksNifty rebounded from Friday's losses and ended on a strong note with Nifty above 25,100 on October 14. At close, Nifty was up 0.66% or 163.7 points at 25127.9. It seems to have made a higher bottom in the short term and is attempting an upside breakout. An upward breach of 25234 could take the Nifty to 25485 while 24920 could offer support in the near term.Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Oct 14

U.S. stocks closed higher Friday, with the Dow Jones Industrial Average and S&P 500 each ending at record highs after major Wall Street banks JPMorgan Chase & Co. and Wells Fargo & Co. reported quarterly earnings. India's industrial growth shrunk for the first time in 22 months by 0.1 percent in August compared with 4.7 percent in the previous month owing to an unfavourable base and heavier than normal rains. Net direct tax collection in India grew 18.3 percent to about Rs 11.25 lakh crore as of October 10 this fiscal China’s Minister of Finance told reporters Saturday during a press briefing that the central government has room to increase debt and the deficit. China said on Saturday it will "significantly increase" government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state bans' capital as it pushes to revive sputtering economic growth.Ahluwalia contracts secures orders worth 1094.67 crONGC looks at Mini-LNG plants to evacuate gas from isolated fields. Sudarshan Chemical to acquire global pigment biz of heubach groupAsian financial markets kicked off the week on a cautious note after China’s Finance Ministry briefing at the weekend underwhelmed and a drop in factory prices reinforced concerns about the economy.Nifty ended on lower in the low range trade (108 points high low range) on October 11. At close, Nifty was down 0.14% or 34.2 points at 24964.3. Nifty formed a small negative high wave type candle on Oct 11 closing at the lowest in 4 days. Nifty recorded a second consecutive week of fall though the fall was a mild 0.20%. Trend of Nifty remains choppy and rises could be met with selling pressure while dip buying could continue. 24795-25234 could be the broad range for the Nifty over the next few days.Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Oct 11.

US stocks closed firmly lower on Tuesday after Iran fired over 100 ballistic missiles at Israel, pushing oil prices for West Texas Intermediate and Brent to their biggest increases in nearly a year.The S&P 500 ended little changed on Wednesday, with technology shares gaining but investors nervous about Middle East tensions and more U.S. labor data due this week. Job openings in the US surprisingly increased in August, furthering the narrative that while the labor market is cooling, it's not rapidly slowing. New data showed there were 8.04 million jobs open at the end of August, an increase from the 7.71 million seen in July.A strike by dockworkers began on the East and Gulf coasts, threatening to halt the flow of half the US's ocean shipping. Disruption from the large-scale stoppage could cost the economy billions of dollars a day, stoke inflation, put jobs at risk, and reverberate through US politics.Global hedge funds flocked to Chinese equities on the back of Beijing's much bigger than expected stimulus measures, leading to the strongest weekly buying on record, On Wednesday, Japan’s new prime minister, Shigeru Ishiba, told reporters economic conditions don’t currently support another rate hike.Coal India production drops 1% in September to 50.9 MTJubilant Ingrevia’s subsidiary signs a deal with agrochemical firm to produce agro intermediateZydus Lifesciences received tentative approval from US FDA for Enzalutamide TabletsJapan stocks led most Asian markets higher Thursday, while Hong Kong’s Hang Seng index slipped as the China stimulus rally appeared to ease. Nifty extended its fall to a third session on Oct 01. At close, Nifty was down 0.05% or 13.9 points at 25796.6. Nifty could face resistance from the 25956-26011 band while 25446 could offer support in the near term.Indian markets could open sharply lower, in line with muted global cues.

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The Dow closed modestly higher Friday to mark a fresh record high, as major U.S. stock benchmarks booked weekly gains in the wake of the Federal Reserve’s large interest-rate cut on Wednesday.The coming week includes reports on US manufacturing, consumer confidence and durable goods, as well as the personal consumption expenditures price index, a key inflation measure.SpiceJet raises Rs 3,000 crore from institutional investorsIndia Glycols tied up with Amrut DistilleriesMankind Pharma to raise up to Rs 10,000 crore through NCDsStocks in the Asia-Pacific region started the week mostly higher even as concerns about the worsening Chinese economy weighed on investors. China's central bank surprised many by lowering its 14-day repo rate by 10 basis points, Nifty ended on a strong note on September 20 recording fresh closing highs and tracking gains in the US as well as other Asian markets. At close, Nifty was up 1.48% or 375.2 points at 25790.9. Nifty could face resistance at 25980 and take support from 25445 in the near term. Indian markets could open higher, in line with mostly higher Asian markets today and positive US markets on Sept 20.

The Dow ended above 42,000 for the first time ever, while also logging a record close alongside the S&P 500. U.S. stocks surged a day after the Federal Reserve cut interest rates for the first time in four years on growing optimism that the Federal Reserve's jumbo interest rate cut will deliver a "soft landing" for the US economy.Uno Minda lines up over Rs 610 crore investments on new plant in Indonesia, India capacity expansionRBI lifts restrictions on IIFL Finance's gold loan businessAU Small Finance Bank ties up with Niva Bupa to offer health insurance productsAsian shares extended their rally on Friday, benefitting in the afterglow of an outsized interest rate cut in the United States.Nifty 50 settled at the highest closing level as risk appetite improved overall after the US Fed reduced the key rate and guided for more. At close, Nifty was up 38.3 points at 25415.8. The Nifty could face resistance at 25612 while the 25130-25285 band could offer support in the near term.Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Sept 19

U.S. stocks finished lower after choppy trading in the aftermath of the Federal Reserve's decision to lower its benchmark interest rate by half a percentage point, an aggressive start to a monetary-easing cycle in the world’s largest economy. A rally that briefly drove stocks to their all-time highs bumped into a wall as the Federal Reserve signalled it’s not in a rush to ease policy after cutting rates by a half-point. Jerome Powell cautioned against assuming big rate cuts would continue. The Indian government's advance tax collection in this financial year surged 22.6% to Rs 4.36 lakh crore till Sept. 17, indicating a sustained momentum in the economy and strong corporate performance.Lupin entered into a Non-Exclusive Patent Licensing agreement with Takeda to commercialize Vonoprazan, a Novel Gastro-Intestinal DrugGarden Reach bags US$ 54 million order, Centre upgrades PSU to 'Schedule A' categoryB L Kashyap received an order worth Rs 221 croreAsian stocks mostly rose after the U.S. Federal Reserve began its easing cycle with a large rate cut, though it tinkered that with a balanced outlook as it seeks to keep the economy ticking over.Nifty took a U-turn after hitting a new all-time high of 25482 in the first half of Sept 18. Nifty erased all the gains in the second half and closed the session with the loss of 41 points or 0.16% at 25377. Nifty must surpass the hurdle of 25500 for the momentum to pick up. On the lower side, 25200 could offer support in the near term.Indian markets could open mildly higher, in line with mostly higher Asian markets today and despite negative US markets on Sept 18.