Trendlyne Marketwatch
Trendlyne Marketwatch
18 Jun 2025, 03:58PM
Market closes lower, HDFC Bank CEO challenges FIR over disputed loan disclosure
By Trendlyne Analysis

 

Nifty 50 closed at 24,812.05 (-41.4, -0.2%) , BSE Sensex closed at 81,444.66 (-138.6, -0.2%) while the broader Nifty 500 closed at 22,925.20 (-56.3, -0.2%). Market breadth is in the red. Of the 2,449 stocks traded today, 832 were gainers and 1,574 were losers.

Indian indices closed lower after paring gains in the morning session. The Indian volatility index, Nifty VIX, fell 0.9% and closed at 14.3 points. Optiemus Infracom closed 9% higher as its subsidiary, Optiemus Electronics, partnered with OnePlus to manufacture and deliver internet of things (IoT) devices in India.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty Media and S&P BSE India Infrastructure were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology Equipment emerged as the worst-performing sector of the day, with a fall of 1.4%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session ahead of the Federal Reserve interest rate decision later in the day.

  • Money flow index (MFI) indicates that stocks like Muthoot Finance, Happiest Minds Technologies, Gland Pharma, and Inventurus Knowledge Solutions are in the overbought zone.

  • DLF announces approximately Rs 11,000 crore in sales from its luxury residential project, DLF Privana North, in Gurugram. The development spans over 17.7 acres and includes 1,164 residences across six towers.

  • Reliance Infrastructure rises sharply as its subsidiary, Reliance Aerostructure, enters a partnership with Dassault Aviation to manufacture Falcon 2000 business executive jets in India.

  • Avenue Supermarts (DMart) gains over 4% after opening a new store in Agra, Uttar Pradesh, bringing its total store count to 421. Morgan Stanley, however, maintains an 'Underweight' rating on the stock with a target price of Rs 3,260, citing ongoing competitive pressures and operational challenges. The brokerage views the expansion as a positive move, given the significant growth potential in Uttar Pradesh.

  • Welcure Drugs & Pharmaceuticals rises sharply as it secures a Rs 517 crore sourcing mandate from Thailand’s Fortune Sagar Impex. The deal is expected to generate Rs 25.9 crore in service income in FY26.

  • RailTel Corporation of India is rising as it receives an order worth Rs 44 crore from Zoram Electronics Development Corp (Zenics) to implement the Mizo Fibre Grid Network (MFGN) project.

  • Motilal Oswal downgrades Voltas to a 'Neutral' call from 'Buy', with a lower target price of Rs 1,350 per share. This indicates a potential upside of 5%. The brokerage is cautious on the company's sales growth due to a decline in demand, near-term headwinds, and lower orders in the international projects segment. It expects the firm's revenue to grow at a CAGR of 7% over FY26-27.

  • DAM Capital downgrades Voltas to a 'Neutral' rating with a target price of Rs 1,370. The brokerage points out that the company has seen a 25% drop in Refrigeration and Air Conditioning (RAC) sales during April-May. It adds that weaker commercial refrigeration revenues and channel checks indicate a potential loss in market share. For Q1FY26, the brokerage projects a 15% decline in revenue from the Unit Control Panel (UCP) segment.

  • Ventive Hospitality's board of directors approves the merger of its wholly owned subsidiaries Eon-Hinjewadi Infrastructure, Restocraft Hospitality and Wellcraft Infraprojects into the parent company.

  • Optiemus Infracom surges more than 10% as its subsidiary, Optiemus Electronics, enters a partnership with OnePlus to manufacture and deliver internet of things (IoT) devices in India.

  • Neuland Laboratories is falling as it receives an administrative warning letter from the Securities and Exchange Board of India (SEBI) over a violation of insider trading regulations by a designated person.

  • India's Chief Economic Adviser, V Anantha Nageswaran, says the country’s FY25 GDP growth of 6.5% amid global economic and political uncertainty is a "creditable achievement." He highlights that the gap in growth between India and developed economies is now wider than it was during the high-growth phase from 2003 to 2008. He also emphasises that changes in tariffs should not be immediately perceived as detrimental to Indian exports.

  • Mahindra & Mahindra is rising as it receives approval from the Competition Commission of India (CCI) for the acquisition of SML Isuzu.

  • BSE falls as SEBI approves shifting NSE’s weekly expiry from Thursday to Tuesday. BSE’s weekly contracts, currently expiring on Tuesday, will move to Thursday starting September 1, 2025.

  • Glenmark Pharma receives Form 483 with five observation from the US FDA following an inspection at its formulations facility in North Carolina, USA.

  • Nuvama Alternative & Quantitative Index believes that Vishal Mega Mart is set for inclusion in the FTSE Global Midcap Index. Currently part of the FTSE Russell Universe, the stock is expected to be added during the June review. The brokerage anticipates that this inclusion will lead to net inflows of $115 million (approximately Rs 960 crore) when the index adjustments take effect on June 20.

  • Nomura upgrades IndusInd Bank to a 'Buy' rating and raises the target price to Rs 1,050 per share. The brokerage believes RBI’s support for bank’s governance recovery is encouraging and views possible promoter stake approval as a boost to investor confidence. It has raised FY28 EPS by 14–16%, driven by higher net interest income and lower credit costs.

  • Alembic Pharmaceuticals is falling as it issues a corporate guarantee worth $22 million (~ Rs 189.9 crore) in favour of JP Morgan Chase Bank for a loan taken by its subsidiary, Alembic Pharmaceuticals Inc, USA.

  • GMR Airports' passenger traffic increases 0.8% YoY to 1 crore in May, while aircraft movements grow by 6.3% YoY to 64,931.

  • Pavitra Shankar, Managing Director of Brigade Enterprises, welcomes the RBI's rate cut, viewing it as a positive step to boost demand. She notes that around 50% of the company's customers rely on home loans, and expects lower borrowing costs to lead to a 10–15% rise in real estate realizations. Shankar emphasizes the company’s focus on strengthening its presence in southern markets before expanding into new regions.

  • Hindustan Zinc falls as Vedanta sells 7.2 crore shares (1.7% stake) worth approximately Rs 3,323 crore in a block deal at an average price of Rs 460.5 per share. As of March 31, 2025, Vedanta holds a 63.4% stake in the company.

  • EMS is rising as it secures an order worth Rs 183.8 crore from UP Jal Nigam to construct components of the Fatehpur Sewerage and Sewage Treatment Scheme (Zone-1) in Fatehpur district.

  • Ugro Capital rises sharply as its board of directors approves the acquisition of a 100% stake in Profectus Capital for a cash consideration of Rs 1,398.6 crore. The company also enters a share purchase agreement (SPA) with Actis PC Investment (Mauritius), Actis PC (Mauritius), and Profectus Capital for the acquisition.

  • Polycab India is rising as it secures an order worth Rs 6,447.5 crore from Bharat Sanchar Nigam (BSNL) to develop and maintain the middle-mile network of BharatNet in Karnataka, Goa, and Puducherry. The project includes design, supply, construction, installation, and upgradation work.

  • Nifty 50 was trading at 24,830.35 (-23.1, -0.1%), BSE Sensex was trading at 81,314.62 (-268.7, -0.3%) while the broader Nifty 500 was trading at 22,930.10 (-51.4, -0.2%).

  • Market breadth is moving down. Of the 1,934 stocks traded today, 484 were in the positive territory and 1,403 were negative.

Riding High:

Largecap and midcap gainers today include IndusInd Bank Ltd. (850.50, 5.1%), Avenue Supermarts Ltd. (4,228.40, 4.2%) and Escorts Kubota Ltd. (3,270.20, 3.7%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (452.80, -6.9%), Max Healthcare Institute Ltd. (1,181.70, -3.7%) and Biocon Ltd. (342, -3.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Zydus Wellness Ltd. (2,054.30, 5.5%), IndusInd Bank Ltd. (850.50, 5.1%) and Authum Investment & Infrastructure Ltd. (2,541.10, 4.3%).

Top high volume losers on BSE were Hindustan Zinc Ltd. (452.80, -6.9%), The Ramco Cements Ltd. (1,032.35, -3.5%) and Elgi Equipments Ltd. (519.85, -0.9%).

Vedant Fashions Ltd. (810.60, 4.0%) was trading at 7.9 times of weekly average. KEI Industries Ltd. (3,590.70, -0.6%) and Avenue Supermarts Ltd. (4,228.40, 4.2%) were trading with volumes 4.6 and 4.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks hit their 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Multi Commodity Exchange of India Ltd. (7,936.50, 0.1%), Redington Ltd. (296.45, 0.4%) and Au Small Finance Bank Ltd. (794.50, 2.8%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.69, -0.8%).

16 stocks climbed above their 200 day SMA including Rainbow Childrens Medicare Ltd. (1,458.90, 2.9%) and Minda Corporation Ltd. (538.40, 2.1%). 32 stocks slipped below their 200 SMA including Hindustan Zinc Ltd. (452.80, -6.9%) and MMTC Ltd. (69.37, -3.8%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Chart of the Week: Profit booking grips promoters as stake sales surge across sectors
The Baseline | 18 Jun 2025, 05:06PM
Market closes lower, HDFC Bank CEO challenges FIR over disputed loan disclosure
Trendlyne Marketwatch | 18 Jun 2025, 03:58PM
Markets close higher, Rakesh Jhunjhunwala buys a 2.2% stake in Indiabulls Housing Finance
Trendlyne Marketwatch | 22 Jul 2021