Trendlyne Marketwatch
Trendlyne Marketwatch
26 Mar 2025
Market closes lower, Maruti Suzuki approves a Rs 7,410 crore investment for capex
By Trendlyne Analysis

 

Nifty 50 closed at 23,486.85 (-181.8, -0.8%), BSE Sensex closed at 77,288.50 (-728.7, -0.9%) while the broader Nifty 500 closed at 21,275.45 (-162.3, -0.8%). Market breadth is overwhelmingly negative. Of the 2,464 stocks traded today, 435 were on the uptrend, and 2,008 went down.

Nifty 50 closed lower after paring its gains in the morning session. The Indian volatility index, Nifty VIX, fell 1.3% and closed at 13.5 points. NCC closed 1.7% higher as it secured a Rs 10,804.6 crore order from BSNL for developing BharatNet's middle-mile network in the Uttarakhand Telecom Circle and the Madhya Pradesh, DNH, and DD telecom circles.

Nifty Smallcap 100 closed in the red, while Nifty Midcap 100 closed flat. Nifty Media and Nifty Metal closed lower. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 3.5%.

European indices are trading mixed. Major Asian indices closed higher, except for India’s Nifty 50. US index futures are trading mixed, indicating a cautious start to the session. President Trump revealed plans to limit exceptions to his proposed trade tariffs as the April 2 deadline for reciprocal duties nears. Meanwhile, Chewy, Dollar Tree, and Paychex are set to report their earnings later today.

  • Money flow index (MFI) indicates that stocks like HEG, Avenue Supermarts, Manappuram Finance, and Sanofi India are in the overbought zone.

  • Bharti Airtel and its subsidiary, Bharti Hexacom, prepay an additional Rs 5,985 crore spectrum liabilities to the Department of Telecom related to the 2024 auctions. Airtel has prepaid Rs 25,981 crore in spectrum liabilities for FY25, bringing the total cumulative prepayment to Rs 66,665 crore.

  • Maruti Suzuki approves an investment of Rs 7,410 crore to set up its third plant in Kharkhoda, Haryana. The new facility will increase production capacity by up to 2.5 lakh vehicles annually.

  • Bharat Dynamics is rising as it signs a contract worth Rs 4,362.2 crore with the Ministry of Defence (MoD) to supply armaments to the Indian Armed Forces.

  • Godrej Properties acquires three adjacent land parcels on lease from the City and Industrial Development Corporation (CIDCO) for Rs 717 crore to develop a group housing project in Navi Mumbai’s Kharghar. The land spans 6.5 acres, and all agreements have a 60-year tenure.

  • Indian Railway Finance Corp (IRFC) signs a Rs 5,000 crore rupee term loan agreement with NTPC Renewable Energy (NTPC REL). The funds will support capacity expansion projects and refinance existing debt.

  • Brainbees Solutions' board of directors approves an investment worth Rs 146 crore in its subsidiary, Globalbees Brands, by subscribing to its compulsory convertible preference shares. The board also approves an AED 9 million (~ Rs 21 crore) investment in its arm, Firstcry Management DWC LLC, UAE.

  • Siemens rises as the National Company Law Tribunal (NCLT) approves its demerger with Siemens Energy India, effective March 25. Siemens shareholders will receive shares in a 1:1 ratio, with the record date set for April 7, 2025.

  • S&P Global Ratings forecasts India's economy will grow 6.5% in FY26, slightly down from the previous estimate of 6.7%. The firm expects lower inflation and improved borrowing costs to boost consumption, with a planned rate cut likely supporting growth further. Inflation is predicted to fall to 4.4% in FY26, down from 4.7% the previous year.

  • REC's board of directors approves a Rs 1.7 lakh crore borrowing plan for FY26. The plan includes Rs 1.6 lakh crore from domestic bonds, loans, and external commercial borrowings (ECBs), Rs 10,000 crore from short-term loans, and Rs 5,000 crore from commercial papers.

  • Larsen & Toubro’s hydrocarbon arm secures an order of over Rs 15,000 crore from QatarEnergy LNG. The company will develop two offshore compression complexes with power generation facilities on the northeast coast of Qatar.

  • GAIL (India) receives approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the capacity expansion of its Dahej-Uran-Dabhol-Panvel natural gas pipeline to 22.5 million metric standard cubic meters per day (MMSCMD) from 19.9 MMSCMD.

  • Star Health and Allied Insurance Co reaches a new 52-week low of Rs 339.9 following reports that the Insurance Regulatory and Development Authority of India (IRDAI) flagged lapses in the company’s claim settlement practices, with potential action expected.

  • Oil and Natural Gas Corp's (ONGC) board of directors approves a Rs 3,300 crore investment in its subsidiary ONGC Green through a rights issue. The funds will be utilised to acquire a 100% stake in Ayana Renewable Power.

  • Manappuram Finance is falling as its board of directors schedules a meeting on March 29 to consider and approve a borrowing plan to raise debt for FY25-26.

  • Indian Overseas Bank receives an income tax demand order worth Rs 559 crore from the Assessment Unit, Income Tax Department, for AY23-24. Meanwhile, the bank's board approves a qualified institutional placement (QIP) of shares worth Rs 1,436.9 crore to Life Insurance Corp of India, IIFL Finance, and the SBI Pension Fund Scheme.

  • Nuvama Alternative & Quantitative Research notes that the inclusion of Zomato and Jio Financial in the Nifty 50 index during the semi-annual rejig on March 27 will bring inflows of up to $391 million (Rs 3,250 crore) and $200 million (Rs 1,660 crore), respectively. The brokerage believes the exclusion of stocks like Britannia Industries and BPCL will result in outflows of $238 million (Rs 1,980 crore) and $225 million (Rs 1,870 crore), respectively.

  • Stylam Industries is rising as the Government imposes an anti-dumping duty on imports of Acrylic Solid Surfaces from China for five years. Stylam Industries accounts for nearly 70-80% of Acrylic Solid Surfaces produced in India.

  • DLF's subsidiary, DLF Home Developers, acquires a 50% stake in DLF Urban for a cash consideration of Rs 496.7 crore from Reco Greens Pte.

  • SIS' board approves a Rs 150 crore buyback of up to 37.1 lakh equity shares (2.6% stake) at Rs 404 per share.

  • Reports suggest that the technology transfer (ToT) deal between General Electric (GE) and Hindustan Aeronautics (HAL) for 80% of the GE F414 engine technology is unlikely to be finalized this month, contrary to HAL's earlier projections. This indicates that negotiations may extend into the coming months, potentially impacting the timelines for India’s indigenous fighter programs, including Tejas MkII and the Advanced Medium Combat Aircraft (AMCA).

  • Minda Corporation is rising as its board of directors schedules a meeting on March 28 to consider and approve raising funds through the issue of one or more instruments/ securities.

  • NCC is rising as it secures a Rs 10,804.6 crore work order from Bharat Sanchar Nigam for designing, supplying, constructing, installing, upgrading, operating, and maintaining BharatNet's middle-mile network in the Uttarakhand Telecom Circle and the Madhya Pradesh, DNH, and DD telecom circles.

  • Welspun Enterprises is rising as its joint venture (JV) with Aaradhyaa & Co, Welspun Michigan Engineers, bags an order worth Rs 328.1 crore from the Brihanmumbai Municipal Corp (BMC). The order involves upgrading the Haji Ali Storm Water Pumping Station in Mumbai.

  • Waaree Renewable Technologies is rising as it secures a Rs 232.3 crore order from Waaree Energies for engineering, procurement, and construction (EPC) of a ground-mounted solar power project. The contract includes turnkey execution and operation and maintenance (O&M) for a 170 MW AC / 255 MW DC capacity.

  • Nifty 50 was trading at 23,701.80 (33.2, 0.1%) , BSE Sensex was trading at 77,983.28 (-33.9, 0.0%) while the broader Nifty 500 was trading at 21,462.85 (25.1, 0.1%)

  • Market breadth is in the green. Of the 2,013 stocks traded today, 1,192 were on the uptrend, and 767 went down.

Riding High:

Largecap and midcap gainers today include Siemens Ltd. (5,418.25, 5.8%), Honeywell Automation India Ltd. (33,732.70, 3.3%) and JSW Infrastructure Ltd. (316, 3.1%).

Downers:

Largecap and midcap losers today include Max Healthcare Institute Ltd. (1,122.55, -4.3%), Indian Renewable Energy Development Agency Ltd. (162.92, -4.1%) and REC Ltd. (425.60, -3.9%).

Volume Rockets

13 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Capri Global Capital Ltd. (194.86, 16%), Siemens Ltd. (5,418.25, 5.8%) and ZF Commercial Vehicle Control Systems India Ltd. (12,689.15, 5.8%).

Top high volume losers on BSE were Amara Raja Energy & Mobility Ltd. (1,039.90, -1.5%), Akzo Nobel India Ltd. (3,325, -0.8%) and LMW Ltd. (16,018.20, -0.5%).

Ashok Leyland Ltd. (214.98, 2.4%) was trading at 4.4 times of weekly average. NCC Ltd. (208.30, 1.7%) and Exide Industries Ltd. (359.10, -0.3%) were trading with volumes 4.1 and 4.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks hit their 52 week highs, while 3 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Chambal Fertilisers & Chemicals Ltd. (618.05, 0.6%), Aavas Financiers Ltd. (2,013.60, 2.9%) and SBI Cards and Payment Services Ltd. (868.60, 1.1%).

Stocks making new 52 weeks lows included - Equitas Small Finance Bank Ltd. (54.91, -3.8%) and Happiest Minds Technologies Ltd. (623.30, -2.3%).

7 stocks climbed above their 200 day SMA including Capri Global Capital Ltd. (194.86, 16%) and HEG Ltd. (499.25, 3.4%). 23 stocks slipped below their 200 SMA including Lemon Tree Hotels Ltd. (131.86, -3.4%) and Suven Pharmaceuticals Ltd. (1,113.10, -3.3%).

 
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