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Trendlyne Marketwatch
14 Jul 2025, 03:27PM
Market trades lower, Amber Enterprises' board approves raising Rs 2,500 crore via securities
By Trendlyne Analysis

 

Nifty 50 was trading at 25,046.45 (-103.4, -0.4%), BSE Sensex was trading at 82,114.35 (-386.1, -0.5%) while the broader Nifty 500 was trading at 23,270.95 (-11.8, -0.1%). Market breadth is in the red. Of the 2,467 stocks traded today, 1,089 showed gains, and 1,336 showed losses.

Nifty 50 opens flat, taking cues from the pre-opening session. On Friday, Indian indices closed lower after extending losses in the morning session. FIIs sold equity worth Rs 5,104.2 crore, while DIIs bought equity worth Rs 3,558.6 crore in Indian markets on the same day. 

Nifty Midcap 100 and Nifty Smallcap 100 open flat, tracking the benchmark index. Nifty Media and Nifty IT indices open lower. 

Major US indices closed lower on Friday. European indices closed lower. Asian indices are trading mixed. Over the weekend, US President Donald Trump announced a 30% tariff on imports from Mexico and the European Union, effective August 1. He cited Mexico’s failure to control drug trafficking and ongoing trade imbalances with the EU as the reasons behind the decision.

  • Relative strength index (RSI) indicates that stocks like Glenmark Pharmaceuticals, Jaiprakash Power, Syrma SGS Technology, and ACME Solar Holdings are in the overbought zone.

  • Ahluwalia Contracts is rising as it bags Rs 2,089 crore order from DLF for civil and structural works for a residential project in Gurugram.

  • Dynamic Cables' board of directors allocates 2.4 crore shares through a bonus issue of shares to equity holders in the ratio of 1:1. This means that each shareholder will receive one fully paid-up equity share with a face value of Rs 10 for every share they hold on the record date.

  • Sula Vineyards is falling as its Q1FY26 revenue declines 7.9% YoY to Rs 118.3 crore due to a 10.8% drop in own brand sales. However, wine tourism revenue rises 21.8% to Rs 13.7 crore, driven by higher footfalls and guest spending.

  • Vetri Subramaniam, CIO at UTI AMC, believes recent RBI actions on liquidity and risk weights indicate a shift towards supporting credit growth. He notes the RBI's stance has clearly changed, suggesting the financial system is now ready for expansion. Subramaniam expects credit growth to rise from its current 9%, viewing this as a positive for the financial sector, a key focus for him.

  • Amber Enterprises India is rising as its board of directors approves raising Rs 2,500 crore by issuing securities.

  • Reliance Infrastructure rises sharply after India Ratings and Research upgrades its credit rating by three notches—from ‘IND D’ to ‘IND B/Stable/IND A4’. The agency also removed its ‘Default’ tag after six years, citing the company’s sharp debt reduction. Reliance Infra brought its net debt to banks and financial institutions down to zero, marking a significant reduction of approximately Rs 3,300 crore during FY25.

  • Sharekhan maintains its 'Buy' call on Tata Consultancy Services, but lowers target price to Rs 3,900 per share. This indicates a potential upside of 21.2%. The brokerage believes that the company is a long-term investment despite near-term macro uncertainties, driven by a strong deal pipeline, and leadership in emerging technologies. It expects the firm's revenue to grow at a CAGR of 5.7% over FY26-27.

  • Union Coal and Mines Minister G. Kishan Reddy announces that the Centre plans to equip private factories with technology in the coming months to boost rare earth magnet production and cut dependence on China. The move follows China’s export curbs and includes incentives like PLI schemes and a dedicated Rs 1,345 crore budget.

  • Karnataka Bank’s board appoints Raghavendra Srinivas Bhat as interim Managing Director (MD) and Chief Executive Officer (CEO), effective July 16, succeeding Srikrishnan Hari Hara Sarma.

  • Castrol India shares are rising after it won a Rs 4,131 crore case against the Maharashtra Sales Tax Department. The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) ruled in the company’s favour. The case was about the period from 2008 to 2018, when the tax department claimed that Castrol wrongly moved goods from its Maharashtra plants to agents in other states.

  • Gujarat Apollo Industries surges as Ashish Kacholia adds it to his portfolio. He buys a 1.1% stake in the company in Q1FY26.

  • India’s wholesale price index (WPI) inflation drops to a 20-month low of -0.1% in June, down from 0.4% in May. The decline was driven by easing prices across key categories, including food articles and fuel & power.

  • Porinju Veliyath cuts stake in Ansal Buildwell to below 1% in Q1FY26. He held a 2.7% stake in the company in Q4FY25.

  • Ola Electric Mobility rises sharply as its Q1FY26 net loss beats Forecaster estimates by 10.4% despite expanding 23.3% YoY to Rs 428 crore due to higher inventory, finance and depreciation & amortisation expenses. Revenue plunges 47.8% YoY to Rs 896 crore due to a reduction in the automotive segment. It appears in a screener of stocks with low Piotroski scores.

  • Oriana Power secures a Letter of Award (LoA) from Karnataka Power Transmission Corporation Limited (KPTCL) to set up a standalone Battery Energy Storage System (BESS) project with a cumulative capacity of 50 MW/100 MWh in Yadagir, Karnataka.

  • Jane Street Group deposits Rs 4,843.5 crore as per SEBI’s order. SEBI is reviewing the firm's request to lift certain restrictions while continuing its broader probe into Jane Street's trades, which may take another 6–7 months. Meanwhile, the firm must avoid using any strategies deemed manipulative. Though Jane Street has met regulatory conditions, it remains unclear if it will resume trading immediately or adopt a cautious approach, assessing market and regulatory signals first.

  • Travel Food Services’ shares debut on the bourses at a 2.3% premium to the issue price of Rs 1,100. The Rs 2,000 crore IPO received bids for 2.9 times the total shares on offer.

  • HFCL’s board approves expanding Intermittent Bonded Ribbon (IBR) cable manufacturing capacity from 1.7 million fibre kilometres per annum (mfkm/pa) to 19 mfkm/pa at its Hyderabad and Goa facilities, with an investment of Rs 125.5 crore to meet rising global demand from North America and Europe.

  • Wockhardt exits its loss-making US generics business as part of its strategy to focus on new antibiotic drug discovery and its biologics portfolio in insulin. In FY25, the US generics segment posted a loss of $8 million (Rs 66.4 crore).

  • The Maharashtra government reportedly plans to issue 328 new liquor licenses, ending a 50-year ban on new wine shop permits to boost revenue. This will increase total licenses by 19% from 1,713 currently. Licenses will go to companies, not individuals, with each allowed up to eight. Companies can rent out licenses, and the required non-refundable deposit has been reduced from Rs 10 crore to Rs 1 crore.

  • BEML is rising as its board of directors schedules a meeting for July 21 to consider a proposal for a stock split.

  • Rail Vikas Nigam is rising as it receives an order worth Rs 213 crore from South Central Railway to upgrade the power system on two routes. The work involves replacing the existing single-line 25kV system with a double-line 25kV system for better efficiency. The project covers the Duvvada–Rajahmundry and Samalkot–Kakinada Port sections in the Vijayawada Division.

  • NCC is rising as it secures an order worth approximately Rs 2,269 crore from Mumbai Metropolitan Region Development Authority (MMRDA). The contract includes supplying trains and setting up signaling, telecom systems, platform screen doors, and depot equipment for Mumbai Metro Line 6.

  • Avenue Supermarts is falling as its Q1FY26 net profit misses Forecaster estimates by 10.1% after remaining unchanged at Rs 773 crore due to higher inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 16.1% YoY to Rs 16,379.1 crore during the quarter. It shows up in a screener of stocks with declining returns on capital employed over the past two years.

  • Nifty 50 was trading at 25,091.55 (-58.3, -0.2%), BSE Sensex was trading at 82,537.87 (37.4, 0.1%) while the broader Nifty 500 was trading at 23,247.70 (-35, -0.2%).

  • Market breadth is in the red. Of the 2,078 stocks traded today, 848 were on the uptrend, and 1,146 went down.

Riding High:

Largecap and midcap gainers today include Mankind Pharma Ltd. (2,680, 3.9%), Eternal Ltd. (272.20, 3.4%) and Adani Green Energy Ltd. (1,026.90, 3.2%).

Downers:

Largecap and midcap losers today include Berger Paints (India) Ltd. (556.85, -2.7%), Au Small Finance Bank Ltd. (800.80, -2.5%) and ABB India Ltd. (5,622.50, -2.3%).

Volume Shockers

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

Top high volume gainers on BSE included Ola Electric Mobility Ltd. (46, 15.6%), Neuland Laboratories Ltd. (13,788, 12.1%) and Anand Rathi Wealth Ltd. (2,402.20, 8.6%).

Top high volume losers on BSE were Avenue Supermarts Ltd. (4,015.30, -1.2%), SBI Cards and Payment Services Ltd. (903.95, -1.0%) and Rainbow Childrens Medicare Ltd. (1,520.80, -0.4%).

Castrol India Ltd. (224.99, 2.3%) was trading at 12.3 times of weekly average. Graphite India Ltd. (579.50, 3.0%) and R R Kabel Ltd. (1,373, 3.1%) were trading with volumes 5.5 and 5.3 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 - EID Parry (India) Ltd. (1,164.50, 1.1%), The Ramco Cements Ltd. (1,141, 0.0%) and Laurus Labs Ltd. (823.55, 4.2%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (46, 15.6%).

5 stocks climbed above their 200 day SMA including Neuland Laboratories Ltd. (13,788, 12.1%) and Alembic Pharmaceuticals Ltd. (1,026.20, 5.1%). 16 stocks slipped below their 200 SMA including Firstsource Solutions Ltd. (345.05, -2.5%) and Campus Activewear Ltd. (278.05, -1.9%).

 
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