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Trendlyne Marketwatch
08 Sep 2025, 03:59PM
Market closes higher, Ujjivan SFB plans to raise around Rs 2,000 crore via a QIP
By Trendlyne Analysis

 

Nifty 50 closed at 24,773.15 (32.2, 0.1%) , BSE Sensex closed at 80,787.30 (76.5, 0.1%) while the broader Nifty 500 closed at 22,878.65 (49.5, 0.2%). Market breadth is in the green. Of the 2,576 stocks traded today, 1,376 were on the uptrend, and 1,142 went down.

Indian indices closed in the green after extending gains in the morning session. The Indian volatility index, Nifty VIX, rose around 0.6% and closed at 10.8 points. Bharat Heavy Electricals closed over 2% as it signed a ten-year agreement with Singapore's Horizon Fuel Cell Technologies to develop a hydrogen fuel cell-powered railway locomotive for the Indian market.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Capital Markets and Nifty Metal closed in the green. According to Trendlyne’s Sector dashboard, Automobiles & Auto Components emerged as the best-performing sector of the day, with a rise of 2.7%.

European indices are trading higher, except for Switzerland’s SMI index. Major Asian indices closed mixed. US index futures are trading in the green, indicating a positive start to the session, as investors await key inflation data later this week. Brent crude futures are trading higher after the OPEC+ agreed to a modest production increase of 137,000 barrels per day for October, and amid concerns of more sanctions on Russian crude.

  • Relative strength index (RSI) indicates that stocks like TVS Motor, Netweb Technologies, Hero MotoCorp and HBL Power Systems are in the overbought zone.

  • Lupin receives two observations from the US FDA following a product-specific Pre-Approval Inspection (PAI) at its manufacturing facility in Aurangabad.

  • Max Estates is rising as it acquires a 100% stake in Base Buildwell for Rs 534 crore to secure development rights for a 7.3-acre land parcel in Gurugram. The project has a development potential of about 1.3 million square feet with a gross development value (GDV) of over Rs 3,000 crore.

  • Jeena Sikho Lifecare surges to its all-time high of Rs 819.6 as it receives approvals to conduct clinical trials on products targeting diabetes, hypertension, constipation, and gastrointestinal health. The pre-clinical trials have shown encouraging results so far, with no adverse events reported.

  • Swiggy rises as Nomura initiates coverage on the company with a 'Buy' rating and a target price of Rs 550. The brokerage believes Swiggy’s food delivery business is on a stable path to profitability and will continue to be a key cash generator. It notes that, although the quick commerce segment remains in a challenger position, its profitability is also expected to improve.

  • Aegis Logistics is rising as it plans to invest around Rs 100 crore to expand its capacity by 61,000 kilolitres (KL) at Pirpau, Mumbai Port.

  • Godfrey Phillips is falling after reports suggest that the government may impose a new levy on tobacco products once the GST compensation cess ends. The measures under consideration include a higher excise duty or a health levy, sparking concerns of added costs in Q4FY26.

  • Bharat Heavy Electricals is rising as it signs a ten-year agreement with Singapore-based Horizon Fuel Cell Technologies to enter the green mobility and clean energy sector. It plans to develop a hydrogen fuel cell-powered railway locomotive for the Indian market.

  • Mankind Pharma receives approval from the Central Drugs Standard Control Organisation (CDSCO) to begin Phase 1 clinical trials for MKP11093, a novel oral Janus kinase-1 (JAK-1) inhibitor. The molecule targets multiple autoimmune disorders, including rheumatoid arthritis, ulcerative colitis, plaque psoriasis, and alopecia.

  • Ujjivan Small Finance Bank rises sharply as it reportedly plans to raise around Rs 2,000 crore via a QIP (qualified institutional placement) over the next 18–24 months to support its long-term growth strategy.

  • Diamond Power Infrastructure is rising as it receives a letter of intent (LoI) worth Rs 184.7 crore from Adani Energy Solutions to supply 4,215 km of AL-59 Zebra Conductor for the Khavda Project.

  • Ceigall India is rising as it receives two letters of intent (LoI) from Maharashtra State Electricity Distribution (MSEDCL) for the procurement of 147 MW and 190 MW solar power capacity under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0.

  • Jindal Steel Chairman Naveen Jindal believes GST cuts on autos and cement could boost steel demand. He says the industry had sought a 25% safeguard duty, but is comfortable with the DGTR’s recommended three-year duty starting at 12%. Jindal also adds that the industry is seeking measures to ensure sufficient availability of iron ore at affordable prices.

  • Vedanta falls as it reportedly emerges as the highest bidder for debt-ridden Jaiprakash Associates with a net present value (NPV) offer of Rs 12,505 crore. Nuvama calls this move a negative for minority investors, questioning the deal’s logic and noting funding pressures as Vedanta tries to reduce debt.

  • SpiceJet falls sharply as it posts a net loss of Rs 233.9 crore in Q1FY26 compared to a net profit of Rs 158.3 crore in Q1FY25. Revenue falls 42.2% YoY to Rs 1,201 crore due to lower cargo volumes and delays in returning grounded planes to service. The company features in a screener of stocks with the highest fall from their 52-week highs.

  • HFCL is rising as it secures an export order worth $40.7 million (around Rs 358.4 crore) from an overseas customer to supply various types of optical fibre cables.

  • According to the Federation of Automobile Dealers Associations (FADA), India’s auto sales were muted in August as buyers waited for clarity on new GST rates for cars and two-wheelers. Vehicle retail sales rose 2.8% YoY to 19.6 lakh units. FADA President CS Vigneshwar says heavy rains, floods, uneven supply of popular models, and aggressive OEM targets have impacted sales. However, dealers expect a sharper rebound in September with GST clarity and festive demand.

  • Vikram Solar surges as it secures an order from L&T Construction to supply 336 MW high-efficiency solar modules for a project in Khavda, Gujarat.

  • Adani Power rises sharply as it signs an agreement with Bhutan’s Druk Green Power Corp (DGPC) to set up a 570 MW hydroelectric project at Wangchhu, Bhutan. The new entity will be 51% owned by DGPC, with Adani Power holding the remaining 49%.

  • Aurobindo Pharma receives Form 483 with eight procedural observations from the US FDA. The inspection covered its Unit-XII facility in Bachupally, Telangana, which produces both oral solids and injectable products.

  • Jefferies maintains a 'Buy' rating on TBO Tek with a higher target price of Rs 1,800. The brokerage highlights the company's $125 million acquisition of US-based Classic Vacations as part of its roll-up merger strategy, combining smaller firms into a larger entity. It believes the deal will enhance TBO Tek's presence in the premium outbound market, particularly in North America.

  • Hero MotoCorp is rising as its board of directors appoints Harshavardhan Chitale as the new Chief Executive Officer (CEO), effective January 5.

  • SPML Infra's joint venture secures an order worth Rs 1,438 crore from the Public Health Engineering Department (PHED), Rajasthan, to improve regional water supply infrastructure. The project includes construction and 10 years of operations and maintenance.

  • Time Technoplast is rising as it signs a memorandum of understanding (MoU) with the promoters of Ebullient Packaging to acquire a 74% stake at an estimated enterprise value of about Rs 200 crore. The acquisition expands its presence in the packaging business and strengthens its overall portfolio.

  • Dr. Reddy's Laboratories receives a Form 483 with seven observations from the US FDA following an inspection at its API facility in Mirfield, West Yorkshire, UK.

  • Nifty 50 was trading at 24,787.65 (46.7, 0.2%), BSE Sensex was trading at 80,904.40 (193.6, 0.2%) while the broader Nifty 500 was trading at 22,864 (34.9, 0.2%).

  • Market breadth is ticking up strongly. Of the 2,128 stocks traded today, 1,452 showed gains, and 610 showed losses.

Riding High:

Largecap and midcap gainers today include Bharat Forge Ltd. (1,202.80, 5.8%), Ashok Leyland Ltd. (137.29, 5.0%) and Samvardhana Motherson International Ltd. (98.57, 4.2%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,315.50, -3.9%), Coromandel International Ltd. (2,185.20, -3.2%) and Supreme Industries Ltd. (4,462, -2.5%).

Movers and Shakers

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

Top high volume gainers on BSE included Cohance Lifesciences Ltd. (1,012.95, 9.8%), TVS Holdings Ltd. (12,929, 6.2%) and Bharat Forge Ltd. (1,202.80, 5.8%).

Top high volume losers on BSE were G R Infraprojects Ltd. (1,261, -2.3%) and Rainbow Childrens Medicare Ltd. (1,480, -2.0%).

Supreme Petrochem Ltd. (787.70, 1.0%) was trading at 18.3 times of weekly average. Jubilant Pharmova Ltd. (1,090, 1.8%) and Adani Power Ltd. (633.85, 4.0%) were trading with volumes 8.5 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Ashok Leyland Ltd. (137.29, 5.0%), Cummins India Ltd. (3,966.60, 0.8%) and Eicher Motors Ltd. (6,815, 3.6%).

Stock making new 52 weeks lows included - Deepak Nitrite Ltd. (1,745.30, -0.2%).

21 stocks climbed above their 200 day SMA including Bharat Forge Ltd. (1,202.80, 5.8%) and Samvardhana Motherson International Ltd. (98.57, 4.2%). 18 stocks slipped below their 200 SMA including Vedanta Ltd. (434.40, -2.5%) and Balrampur Chini Mills Ltd. (536.15, -2.4%).

 
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