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Trendlyne Marketwatch
11 Jul 2025, 04:20PM
Market closes lower, Mahindra Logistics to raise Rs 750 crore via rights issue
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,149.85 (-205.4, -0.8%), BSE Sensex closed at 82,500.47 (-689.8, -0.8%) while the broader Nifty 500 closed at 23,282.70 (-188.7, -0.8%). Market breadth is in the red. Of the 2,465 stocks traded today, 845 were on the uptrend, and 1,574 went down.

Indian indices closed lower after extending losses in the morning session as the markets were weighed down by IT stocks after TCS' Q1FY26 results missed estimates. The Indian volatility index, Nifty VIX, rose 1.2% and closed at 11.8 points. TCS closed 3.4% in the red as its Q1FY26 revenue declined 1.6% QoQ to Rs 63,437 crore due to a decline in BSNL-related revenues.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower, tracking the benchmark index. Nifty Capital Markets and Nifty India Defence were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Software & Services emerged as the worst-performing sector of the day, with a fall of 2%.

European indices are trading lower. Major Asian indices closed mixed. US index futures are trading in the red, indicating a cautious start to the session after the US tariffs on Canadian imports increased concerns over global economic growth.

  • BSE falls sharply after reports suggest SEBI is expanding its probe into alleged index manipulation by US-based Jane Street to include Sensex options. The investigation initially focused on Nifty and Bank Nifty weekly options trades.

  • Mahindra Logistics board approves raising Rs 750 crore via a rights issue to repay debt and fund expansion plans.

  • Eicher Motors is falling as its subsidiary, VE Commercial Vehicles, receives a demand cum show cause notice for GST dues amounting to Rs 168 crore from Ujjain's CGST & Central Excise Commissioner.

  • Adani Energy reports that its transmission business has an under-construction order book of Rs 59,304 crore as of Q1 FY26. The company's collection efficiency has risen to 98.3%, compared to 96.9% last year. Power transmission capacity stands at 93,236 Megavolt-amperes (MVA).

  • Niva Bupa Health Insurance Co. and Star Health and Allied Insurance Co. fall after the Insurance Regulatory and Development Authority of India (IRDAI) issues a show-cause notice over lapses in their health insurance portfolios. In addition to these two companies, the IRDAI has also sent notices to six other insurers, including Tata AIG and ICICI Lombard, among others.

  • VIP Industries rises sharply as promoters reportedly plan to sell their stake to private equity investors. Currently, promoters own a 51.7% stake in the company.

  • Oswal Pumps' Q4FY25 net profit grows 123.5% YoY to Rs 639 crore. Revenue jumps 58.4% YoY to Rs 3,656 crore, helped by strong demand for solar pumps under government schemes. It features in a screener of stocks with low debt.

  • Vikram Sampat, Senior Vice-President at Reliance Industries, says India must boost its petrochemical production capacity to meet rising domestic and global demand and counter China's growing dominance in the sector. He notes that global petrochemical margins have declined due to surplus created by China’s capacity expansion. India's petrochemical demand for now is a tiny fraction of the global average but the nation's consumption is set to rise as the economy expands.

  • Elecon Engineering is rising as its Q1FY26 net profit grows 139.1% YoY to Rs 175.4 crore. Revenue jumps 27.1% YoY to Rs 517 crore, driven by improvements in the transmission equipment and material handling equipment segments. It appears in a screener of stocks with improving net cash flow for the past two years.

  • Dodla Dairy to acquire HR Food Processing for Rs 271 crore. The acquisition strengthens its presence in the Eastern India dairy market, particularly in Bihar, Jharkhand, and West Bengal.

  • Enviro Infra Engineers surges as it secures a Rs 400 crore order from Maharashtra Industrial Development Corporation (MIDC) for designing and commissioning common effluent treatment plants (CETPs) in Kolhapur.

  • UBS downgrades Bharti Airtel to 'Sell' and Vodafone Idea to 'Neutral', citing high valuations. With this move, the brokerage holds no buy-rated stocks in India’s telecom sector. UBS notes that entry-level mobile tariffs are already elevated, which may restrict further price hikes in lower-end plans and limit the revenue impact of future tariff increases.

  • Zee Entertainment Enterprises falls sharply as it fails to secure enough shareholder votes for a proposed warrant issue. The move blocks the Goenka family’s plan to increase their stake from 4% to 18.4%.

  • Tata Steel invests $125.3 million (~ RS 1,073.6 crore) in its subsidiary, T Steel Holdings Pte, by acquiring an additional 124.6 crore shares. This comes as part of Tata Steel's plans to invest $2.5 billion (~ Rs 21,465 crore) in the arm in FY26.

  • SPML Infra rises as it secures a Rs 385 crore order from the Government of India under the Jal Jeevan Mission to develop a water supply and distribution system in Ajmer, Rajasthan.

  • India's Ministry of Road Transport and Highways (MoRTH) rejects a request from two-wheeler makers to exempt them from mandatory anti-lock braking systems (ABS) on all new two-wheelers above 50cc or with speeds over 50 kmph, effective January 1, 2026. Manufacturers say the rule will add Rs 3,500–6,000 per vehicle cost and the lower-end models won't absorb this cost and will be passed on to consumers.

  • Indian Renewable Energy Development Agency falls sharply as its Q1FY26 net profit declines 35.7% YoY to Rs 246.9 crore due to higher finance cost along with an impairment loss of Rs 363 crore. Revenue rises 29.7% YoY to Rs 1,960 crore for the quarter. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • South Indian Bank's board of directors schedules a meeting on July 17 to consider raising funds by issuing equity shares or other securities.

  • Glenmark Pharma rises as its subsidiary, Ichnos Glenmark Innovation (IGI), signs a licensing agreement with AbbVie for its cancer drug, ISB-2001. The drug is currently in phase I trials. AbbVie will further develop, manufacture and market the drug worldwide. IGI will receive an upfront payment of $700 million (~ Rs 5,810 crore) and is eligible to receive up to $1.2 billion (~ Rs 9,960 crore), plus royalties after regulatory approval.

  • Sumedh Badve, President (Strategy) at Belrise Industries, expects further improvement in 2-wheeler sales growth. His goal is to increase content per vehicle to around Rs 17,700 for 2-wheelers and over Rs 40,000 for 4-wheelers. He also confirms that the rare-earth magnet issue has not impacted the company’s business so far.

  • Hindustan Unilever rises sharply as its board of directors appoints Priya Nair as the Managing Director (MD) and Chief Executive Officer (CEO). This follows Rohit Jawa's resignation as the company's MD & CEO, effective July 31.

  • Anand Rathi Wealth rises sharply as its Q1FY26 net profit jumps 27.8% YoY to Rs 93.6 crore. Revenue grows 15.8% YoY to Rs 284.3 crore, helped by higher assets under management and improvement in mutual fund distribution revenue. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Tata Elxsi is falling as its net profit declines 16.2% QoQ to Rs 144.4 crore in Q1FY26 due to higher employee benefit expenses. Revenue decreases 1.8% QoQ to Rs 892.1 crore due to lower sales from system integration & support services segment during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past three quarters.

  • Tata Consultancy Services' Q1FY26 net profit grows 4.4% QoQ to Rs 12,760 crore, helped by lower cost of equipment and software licences. Revenue decreases 1.6% QoQ to Rs 63,437 crore due to a decline in BSNL-related revenues during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • Nifty 50 was trading at 25,288.95 (-66.3, -0.3%), BSE Sensex was trading at 82,820.76 (-369.5, -0.4%) while the broader Nifty 500 was trading at 23,432.90 (-38.5, -0.2%)

  • Market breadth is in the green. Of the 2,013 stocks traded today, 1,026 were gainers and 929 were losers.

Riding High:

Largecap and midcap gainers today include Hindustan Unilever Ltd. (2,519.60, 4.6%), NTPC Green Energy Ltd. (112.18, 3.6%) and Dabur India Ltd. (530.85, 1.6%).

Downers:

Largecap and midcap losers today include Indian Renewable Energy Development Agency Ltd. (160, -5.7%), Hitachi Energy India Ltd. (18,700, -4.0%) and Tata Consultancy Services Ltd. (3,266, -3.4%).

Volume Shockers

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

Top high volume gainers on BSE included Glenmark Pharmaceuticals Ltd. (2,181.10, 14.6%), Asahi India Glass Ltd. (851.70, 4.7%) and Piramal Enterprises Ltd. (1,217.50, 4.7%).

Top high volume losers on BSE were Indian Renewable Energy Development Agency Ltd. (160, -5.7%), Tata Consultancy Services Ltd. (3,266, -3.4%) and Bharti Airtel Ltd. (1,921.90, -2.2%).

Anand Rathi Wealth Ltd. (2,211.70, 4.3%) was trading at 25.7 times of weekly average. Tata Elxsi Ltd. (6,066, -1.2%) and Sarda Energy & Minerals Ltd. (452.70, 2.5%) were trading with volumes 10.4 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - EID Parry (India) Ltd. (1,152.40, 3.8%), Glenmark Pharmaceuticals Ltd. (2,181.10, 14.6%) and JK Cement Ltd. (6,447.50, 0.6%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (39.80, -0.4%).

8 stocks climbed above their 200 day SMA including Hindustan Unilever Ltd. (2,519.60, 4.6%) and NMDC Ltd. (69.05, 0.5%). 17 stocks slipped below their 200 SMA including Metro Brands Ltd. (1,168.30, -3.0%) and Apollo Tyres Ltd. (458.60, -2.9%).

 
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