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Trendlyne Marketwatch
20 Aug 2025, 04:07PM
Market closes higher, NCLT delays Vedanta's demerger hearing amid government objection
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,050.55 (69.9, 0.3%) , BSE Sensex closed at 81,857.84 (213.5, 0.3%) while the broader Nifty 500 closed at 23,143.15 (76.6, 0.3%). Market breadth is in the green. Of the 2,504 stocks traded today, 1,405 were gainers and 1,057 were losers.

Indian indices closed in the green, supported by the announcement of GST reforms and China’s assurance to lift export restrictions on rare earth magnets to India. The Indian volatility index, Nifty VIX, rose 0.1% and closed at 11.8 points. Nazara Technologies dropped over 12% after the government introduced the Online Gaming Bill 2025, which proposes to ban money games, ads, and payments, threatening real money gaming platforms.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty IT and BSE IT were among the top index gainers today. According to Trendlyne’s Sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 5.5%.

Asian indices closed mixed, while European indices are trading lower. US index futures traded in the red indicating a cautious start to the trading session. Investors await Fed Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium this week, as well as the release of the July meeting minutes later today. Meanwhile, US Treasury Secretary Scott Bessent expects a significant rise in revenue from President Trump’s sweeping tariffs, projecting more than the initial $300 billion estimate, with plans to use the funds to reduce federal debt.

  • Relative strength index (RSI) indicates that stocks like HBL Power Systems, Hyundai Motor, Maruti Suzuki and TVS Motor are in the overbought zone.

  • Tac Infosec surges to its 5% upper circuit after its US subsidiary, CyberScope Web3 Security, approves filing for a proposed Nasdaq IPO with the Securities and Exchange Commission (SEC). The filing is through a confidential Draft Registration Statement.

  • Deven Choksey maintains its 'Buy' call on Minda Corp, with a target price of Rs 596 per share. This indicates a potential upside of 17.4%. The brokerage remains positive on the stock, driven by rising EV penetration, product premiumisation, and a strong order book. It expects the firm's revenue to grow at a CAGR of 14% over FY26-27.

  • Aurobindo Pharma reportedly emerges as the frontrunner to acquire Prague-based generic drugmaker Zentiva from Advent International for $5.5 billion (approximately Rs 47,882 crore). The deal strengthens Aurobindo’s presence in Europe, particularly in Eastern Europe.

  • Ramco Cements rises over 2% as its CEO, A V Dharmakrishnan, outlines the company’s target to double its revenue to Rs 16,000 crore over the next 4–5 years. This growth will be driven by a Rs 2,000 crore boost from its new construction chemicals brand and an expansion of cement production capacity to 30 MTPA (million tonnes per annum) by mid-2026.

  • Sula Vineyards rises sharply as it reportedly plans to enter the premium spirits market through an acquisition. The move aims at entry into the whisky, scotch, and vodka segments.

  • Geojit BNP Paribas retains its 'Buy' call on KPIT Technologies, with a target price of Rs 1,430 per share. This indicates a potential upside of 17.6%. The brokerage expects higher client engagement in H2FY26, supported by new vehicle programs in middleware architecture, off-highway mobility, and expansion in China and India. It expects a revenue CAGR of 10.2% over FY26-27.

  • Vedanta is falling as the NCLT delays hearing on its proposed demerger to September 17, after the government raised objections over hidden details, inflated revenues, and undisclosed liabilities. SEBI also flags a “serious breach,” saying Vedanta altered its scheme after receiving a No Objection Certificate.

  • Yee Farn Phua, Director at S&P Global Ratings, believes the GST reform will have only a limited impact on fiscal revenue. He believes that a simplified structure could improve compliance, reduce disputes, and broaden the tax base. Phua also notes that lower rates and clearer implementation could help boost short-term consumption.

  • PG Electroplast is rising as it enters a partnership with PAX Global Technologies' subsidiary, PAX India, to enter the high-growth digital infrastructure solutions market. As per the partnership, PG Electroplast will manufacture PAX-branded point-of-sale (POS) devices in its existing facilities.

  • Lupin launches Bosentan tablets for oral suspension in the US with 180-day exclusivity after receiving US FDA approval for its abbreviated new drug application. The tablets are used to treat pulmonary arterial hypertension. According to IQVIA, the drug has annual sales of $10 million as of June 2025.

  • Natco Pharma launches its Bosentan tablets in the US market, used to treat high blood pressure in the lungs. The drug had an estimated market size of $10 million as of June 2025.

  • Nazara Technologies issues a clarification stating that it has no direct involvement in real money gaming (RMG) businesses. This comes in response to the government's proposal to ban online money gaming. The company adds that its only indirect RMG exposure is a 46.1% stake in Moonshine Tech, and revenue from Moonshine’s ‘PokerBaazi’ is not consolidated in its financials.

  • Bharti Airtel is rising as it discontinues its entry-level 1 GB per day recharge plans of Rs 249 for a month. This increases the entry-level recharge to Rs 279 for 1.5 GB per day for a month.

  • Regaal Resources' shares debut on the bourses at a 38.2% premium to the issue price of Rs 102. The Rs 306 crore IPO received bids for 159.9 times the total shares on offer.

  • Aditya Infotech’s Q1FY26 revenue rises 16.4% YoY to Rs 744 crore, driven by growth in the security and surveillance equipment business. Net profit increases 46.1% YoY to Rs 32.8 crore. The company features in a screener of stocks outperforming their industry in price change over the past quarter.

  • Reports suggest that 41.5 lakh shares (0.9% equity) of V-Guard Industries, amounting to Rs 154 crore, have changed hands in a block deal.

  • Nazara Technologies falls sharply as the government is likely to propose strict rules under the Online Gaming Bill, 2025. The draft reportedly bans money games, ads, and payments, posing big risks for real-money gaming platforms.

  • Dynamic Cables surges as it secures a license from the Bureau of Indian Standards to manufacture high conductivity aluminium alloy stranded conductors and thermosetting insulated armoured fire survival cables. The company also expands its production capacity, supporting a monthly turnover of up to Rs 135 crore, compared to Rs 100 crore earlier.

  • GNG Electronics rises sharply as its Q1FY26 net profit surges 52.4% YoY to Rs 18.5 crore, owing to lower depreciation & amortisation expenses. Revenue jumps 22.5% YoY to Rs 315.1 crore during the quarter. It features in a screener of stocks outperforming their industries in price change over the past month.

  • Antique Stock Broking notes a sequential recovery in the FMCG sector, highlighting resilience in companies like Nestle, ITC, HUL, and Emami. However, the brokerage believes Dabur and Colgate are likely to remain under pressure, citing challenges in the beverages segment and sluggish demand growth, respectively. It names Marico and GCPL as its top picks in the FMCG space.

  • Lloyds Metals & Energy rises as it wins the bid for the Tandsi-III coking coal mine in Madhya Pradesh with 23 million metric tonnes (MMT) of reserves.

  • Endurance Technologies’ board approves the capacity addition of anti-lock braking system (ABS), disc brake system, and brake discs for an investment of Rs 125 crore.

  • Tata Steel files a writ petition in the Orissa High Court against a Rs 1,902.7 crore demand notice from the Deputy Director of Mines, Jaipur, for a shortfall in mineral dispatches from the Sukinda Chromite block.

  • Hindustan Aeronautics is rising as it reportedly secures a Rs 62,000 crore order after the Cabinet Committee on Security approves the supply of 97 Light Combat Aircraft (LCA) Tejas Mark 1A jets to the Indian Air Force.

  • Nifty 50 was trading at 24,943.70 (-37.0, -0.2%), BSE Sensex was trading at 81,671.47 (27.1, 0.0%) while the broader Nifty 500 was trading at 23,050.40 (-16.2, -0.1%).

  • Market breadth is in the green. Of the 2,019 stocks traded today, 1,182 were on the uptrend, and 768 went down.

Riding High:

Largecap and midcap gainers today include Indian Hotels Company Ltd. (806.80, 4.1%), Infosys Ltd. (1,496.20, 3.9%) and Phoenix Mills Ltd. (1,559.70, 3.8%).

Downers:

Largecap and midcap losers today include Aurobindo Pharma Ltd. (1,046.40, -4.0%), Hyundai Motor India Ltd. (2,488.10, -3.6%) and Bharat Forge Ltd. (1,158.90, -2.5%).

Volume Shockers

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

Top high volume gainers on BSE included Ola Electric Mobility Ltd. (53.21, 18.7%), Carborundum Universal Ltd. (990.25, 13.8%) and Godfrey Phillips India Ltd. (11,064, 12.8%).

Top high volume losers on BSE were Aurobindo Pharma Ltd. (1,046.40, -4.0%), Gujarat State Petronet Ltd. (303, -1.3%) and Apar Industries Ltd. (8,353.50, -0.9%).

Latent View Analytics Ltd. (427.35, 4.8%) was trading at 11.1 times of weekly average. Intellect Design Arena Ltd. (987.70, 9.0%) and Dabur India Ltd. (535, 2.5%) were trading with volumes 8.4 and 6.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,883, 0.8%), Ashok Leyland Ltd. (133.10, -0.1%) and Fortis Healthcare Ltd. (963.95, 1.6%).

30 stocks climbed above their 200 day SMA including Rashtriya Chemicals & Fertilizers Ltd. (157.30, 5.3%) and Neuland Laboratories Ltd. (13,693, 5.0%). 5 stocks slipped below their 200 SMA including Century Plyboards (India) Ltd. (739.20, -2.5%) and Shriram Finance Ltd. (616.30, -1.6%).

 
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