T
Trendlyne Marketwatch
26 Aug 2025, 04:06PM
Market closes lower, Minister of State for Communications denies relief for Vodafone Idea
By Trendlyne Analysis

 

Nifty 50 closed at 24,712.05 (-255.7, -1.0%) , BSE Sensex closed at 80,786.54 (-849.4, -1.0%) while the broader Nifty 500 closed at 22,768.65 (-283.4, -1.2%). Market breadth is moving down. Of the 2,522 stocks traded today, 577 were in the positive territory and 1,913 were negative.

Indian indices closed in the red after the US issued a draft notice for a 50% tariff on Indian imports. The Indian volatility index, Nifty VIX, rose 3.4% and closed at 12.2 points. Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies entered the MSCI India Standard Index, following the semi-annual rejig. These additions are expected to attract combined inflows of around $1 billion.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty FMCG and BSE FMCG were among the top index gainers today. According to Trendlyne’s Sector dashboard, FMCG emerged as the best-performing sector of the day, with a rise of 0.9%.

Asian indices closed in the red, while European indices are trading lower except Russia’s RTSI & MOEX indices. US index futures traded in the red indicating a cautious start to the trading session. US President Donald Trump warned China of tariffs of up to 200% if it fails to ease restrictions on rare earth exports, amid a fragile 90-day trade truce extended earlier this month. Meanwhile, Nvidia is set to report Q2 earnings on August 27, expecting revenue growth despite an $8 billion hit from China export curbs.

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

  • Waaree Energies rises as its wholly-owned subsidiary, Waaree Solar Americas, secures an order from a US-based utility-scale solar and energy storage developer. The order involves the supply of 452 megawatts (MW) of solar modules, to be executed over FY26 and FY27.

  • Ashiana Housing rises sharply as it acquires 22.7 acres of land in Chennai for residential apartment development. The project has an estimated revenue potential of around Rs 1,200 crore.

  • Swiggy, Vishal Mega Mart, Hitachi Energy India, and Waaree Energies enter the MSCI India Standard Index, following the semi-annual rejig. These additions are expected to attract combined inflows of around $1 billion. Meanwhile, Thermax and Sona BLW Precision made their exit from the index.

  • Ujaas Energy's board of directors approves a bonus issue of shares to equity holders in the ratio of 2:1. This means that each shareholder will receive two fully paid-up equity share with a face value of Rs 1 for every share they hold on the record date.

  • Gland Pharma receives US FDA approval for its abbreviated new drug application (ANDA) for its Vasopressin Dextrose Injection. The drug treats low blood pressure. According to IQVIA, the drug had a market size of $45 mn in June 2025.

  • Authum Investment & Infrastructure rises as its board of directors schedules a meeting on August 29 to consider raising funds by issuing equity shares, including a qualified institutional placement (QIP), or other securities.

  • A Reuters poll suggests that India’s economic growth likely eased to 6.7% in April–June from 7.4% in the previous quarter, as subdued private investment and sluggish industrial activity offset the impact of higher government spending. While capital expenditure rose 52% YoY, muted consumer demand and job concerns continued to weigh on growth.

  • Vodafone Idea plunges after the Minister of State for Communications, Chandra S Pemmasani, rules out any further relief for the heavily indebted telecom operator. The government confirmed that no additional support package for the company is under consideration.

  • One97 Communications' (Paytm's) board of directors approves investing Rs 300 crore and Rs 155 crore in its subsidiaries, Paytm Money and Paytm Services, respectively.

  • 3M India’s board approves the appointment of Aseem Joshi as President and Managing Director (MD), succeeding Ramesh Ramadurai, effective October 13.

  • Ather Energy’s revenue per scooter drops to Rs 1,28,295 in FY25 from Rs 1,43,333 in FY24, driven by a shift to its affordable family scooter, Rizta, which accounts for nearly 60% of total sales. Despite the lower per-unit revenue, Ather’s operating revenue rises 29% YoY to Rs 2,255 crore in FY25, with 88% coming from vehicle sales and the rest from non-vehicle streams such as software.

  • Ola Electric rises as it secures PLI certification for its S1 Gen 3 scooters from the Automotive Research Association of India (ARAI). The approval makes it eligible for 13–18% incentives on PLI-defined sales value (DSV) until 2028. Gen 3 scooters account for 56% of its volumes, and with this PLI certification, it expects improved profitability from Q2FY26.

  • Gem Aromatics' shares debut on the bourses at a 2.5% premium to the issue price of Rs 325. The Rs 451.3 crore IPO received bids for 30.3 times the total shares on offer.

  • Vikram Solar's shares debut on the bourses at a 1.8% premium to the issue price of Rs 332. The Rs 2,079.4 crore IPO received bids for 54.6 times the total shares on offer.

  • Textile stocks like Bombay Dyeing and Raymond decline as sectors such as textiles and apparel, gems and jewellery, seafood, and leather goods are among the most impacted by the US tariffs taking effect on August 27. Meanwhile, the Indian pharmaceutical industry, which is key to the US generic drug supply along with electronics and smartphones, has been exempted.

  • Shreeji Shipping Global's shares debut on the bourses at a 7.1% premium to the issue price of Rs 252. The Rs 410.7 crore IPO received bids for 58.1 times the total shares on offer.

  • Patel Retail's shares debut on the bourses at a 17.6% premium to the issue price of Rs 255. The Rs 242.8 crore IPO received bids for 95.7 times the total shares on offer.

  • The Reserve Bank of India approves the appointment of Vishakha Mulye as the Managing Director (MD) and Chief Executive Officer ( CEO) of Aditya Birla Capital for five years.

  • Berstein initiates coverage on Titan with an 'Outperform' rating and a target price of Rs 4,200. The brokerage believes Titan is well-positioned to benefit from the ongoing formalisation and modernisation in India’s jewellery market. It notes that rising concerns over gold adulteration and tighter government regulations are boosting the shift toward organised players. While peers may have grown faster recently, Titan still has significant growth potential.

  • Protean eGov Technologies is rising sharply as it bags an order worth Rs 1,160 crore from Unique Identification Authority of India (UIDAI) to establish and operate district-level Aadhaar Seva Kendras (ASK) in 188 districts across India.

  • Edelweiss Financial Services rises as 64 lakh shares (0.9% stake), worth Rs 64.3 crore, reportedly change hands in a block deal at an average price of Rs 100 per share.

  • BLS International Services surges as it secures an order worth Rs 2,055.4 crore from the Unique Identification Authority of India (UIDAI). The company will act as a service provider for setting up and operating Aadhaar Seva Kendras across India, offering enrolment, updates, and related Aadhaar services.

  • Sai Life Sciences is falling sharply as US private equity firm, TPG, reportedly plans to exit the company by selling its 14.7% stake worth Rs 2,640 crore at an issue price of Rs 860 per share through a bulk deal.

  • Nifty 50 was trading at 24,858.65 (-109.1, -0.4%), BSE Sensex was trading at 81,377.39 (-258.5, -0.3%) while the broader Nifty 500 was trading at 22,943.35 (-108.7, -0.5%).

  • Market breadth is highly negative. Of the 2,001 stocks traded today, 595 showed gains, and 1,336 showed losses.

Riding High:

Largecap and midcap gainers today include Britannia Industries Ltd. (5,765.50, 3.9%), Waaree Energies Ltd. (3,265.30, 3.6%) and Eicher Motors Ltd. (6,151, 2.7%).

Downers:

Largecap and midcap losers today include Vedanta Ltd. (428.20, -4.9%), Shriram Finance Ltd. (594.70, -4.2%) and Siemens Ltd. (3,048, -3.7%).

Movers and Shakers

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

Top high volume gainers on BSE included Craftsman Automation Ltd. (7,158, 4.7%), Britannia Industries Ltd. (5,765.50, 3.9%) and Authum Investment & Infrastructure Ltd. (3,157, 3.8%).

Top high volume losers on BSE were Sai Life Science Ltd. (861.10, -5.1%), Shriram Finance Ltd. (594.70, -4.2%) and KPR Mill Ltd. (980, -4.0%).

Thermax Ltd. (3,258.70, -0.4%) was trading at 26.7 times of weekly average. Sona BLW Precision Forgings Ltd. (453.70, 0.6%) and Hitachi Energy India Ltd. (19,780, 1.7%) were trading with volumes 16.6 and 15.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks took off, crossing 52 week highs, while 7 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - eClerx Services Ltd. (4,454.90, 5.1%), Eicher Motors Ltd. (6,151, 2.7%) and Maruti Suzuki India Ltd. (14,714, 1.8%).

Stocks making new 52 weeks lows included - Petronet LNG Ltd. (268.80, -1.8%) and KNR Constructions Ltd. (194.42, -2.9%).

5 stocks climbed above their 200 day SMA including Devyani International Ltd. (174.09, 2.9%) and NLC India Ltd. (236.04, 1.5%). 37 stocks slipped below their 200 SMA including Ceat Ltd. (3,039.30, -5.5%) and Vedanta Ltd. (428.20, -4.9%).

 
More from Trendlyne Marketwatch
Recommended
Market closes lower, Minister of State for Communications denies relief for Vodafone Idea
Trendlyne Marketwatch | 26 Aug 2025, 04:06PM
IPO activity surges with ten new issues and ten listings this week
| 25 Aug 2025
Markets close flat, RailTel's IPO oversubscribed on Day 1
Trendlyne Marketwatch | 16 Feb 2021