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Trendlyne Marketwatch
09 Sep 2025
Market closes higher, Waaree Renewable bags a Rs 1,252 crore solar project
By Trendlyne Analysis

 

Nifty 50 closed at 24,868.60 (95.5, 0.4%), BSE Sensex closed at 81,101.32 (314.0, 0.4%) while the broader Nifty 500 closed at 22,949.10 (70.5, 0.3%). Market breadth is in the red. Of the 2,544 stocks traded today, 1,148 were in the positive territory and 1,344 were negative.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 1.4% and closed at 10.7 points. RailTel Corp of India closed 5.4% higher after securing orders worth over Rs 714 crore from the Bihar Education Project Council to set up digital classrooms and labs.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. BSE IT and Nifty IT were among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 2%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading higher, indicating a positive start to the trading session. Investors await the release of today’s preliminary nonfarm payrolls report and key inflation data later this week. Brent crude futures are trading higher after rising 0.3% on Monday.

  • Money flow index (MFI) indicates that stocks like Eicher Motors, Syrma SGS Technology, Maruti Suzuki, and Netweb Technologies are in the overbought zone.

  • Sumitomo Mitsui Banking Corp (SMBC) reportedly plans to offload its entire 1.7% stake in Kotak Mahindra Bank in a block deal worth over Rs 6,000 crore. The sale is aimed at funding SMBC’s acquisition of Yes Bank.

  • Brigade Enterprises signs a joint development agreement for a luxury residential project in East Bengaluru, with an estimated gross development value of Rs 2,500 crore. The project spans 10.8 acres and offers a total saleable area of 2.5 million square feet.

  • Bikaji Foods is falling as the Enforcement Directorate (ED) summons its Managing Director in-person for an investigation under the Prevention of Money Laundering Act, 2002.

  • Jefferies maintains a 'Buy' rating on Navin Fluorine International with a target price of Rs 6,025. The brokerage notes that the company has started delivering three new specialty chemicals and a new molecule in its CDMO division. The price of R-32 refrigerant gas remains strong, driven by high demand from the US and limited exports from China.

  • Godrej Consumer Products is rising as its subsidiary plans to invest Rs 250 crore over 18-36 months to set up a new plant in Indonesia, expanding capacity by 15%.

  • Glenmark Pharma rises after its subsidiary, Ichnos Glenmark Innovation (IGI), receives a $700 million (approx. Rs 6,167 crore) upfront payment from AbbVie. The payment is part of a global licensing deal giving AbbVie exclusive rights to IGI’s investigational asset, ISB 2001, used to treat blood cancer, in key markets such as North America, Europe, and Japan.

  • Waaree Renewable Technologies is rising as it secures an order worth Rs 1,252.4 crore from Waaree Forever Energies (WFEPL). The order involves the development of a large-scale 1,218 MW solar power project, including a substation, transmission line, and providing two years of operation and maintenance.

  • Mohammed Imran of Sharekhan notes that oil prices are down 4% in September, after an 8% drop in August and 11% YTD. Volatility persists due to a supply glut and Middle East tensions, even with prices peaking at $75/barrel. With eight OPEC members set to increase output, WTI prices may fall further, possibly averaging $57–58 by year-end, provided US producers maintain their current output levels.

  • Vadilal Industries is rising as its board appoints Himanshu Kanwar as the new Chief Executive Officer (CEO) for five years, effective September 29.

  • Alembic Pharmaceuticals receives final approval from the US FDA for its Phytonadione injectable emulsion, used to treat hypoprothrombinemia, which is secondary to vitamin K deficiency. According to IQVIA, the drug had a market size of $44 million for the 12 months ending June 2025.

  • Gopal Snacks gains over 2% after signing long-term agreements for third-party manufacturing facilities in Hiryur (Karnataka) and Kashipur (Uttarakhand), with capacities of 4,400 and 5,900 metric tonnes per annum (MTPA), respectively. The move aims to strengthen its distribution network in southern and northern India.

  • Sanjay Shah, CMD of Prudent Corporate Advisory Services, highlights the company's plan to acquire Indus Capital’s mutual fund distribution business through a slump sale. The deal includes an upfront payment of Rs 113.8 crore and an additional Rs 10 crore as special consideration. He expects 18–20% revenue growth in the coming years and sees the specialised investment funds segment as a major growth driver next year.

  • String Metaverse falls to its 5% lower limit as its Chief Executive Officer (CEO), Sai Santosh Althuru, tenders his resignation, effective September 8. The board appoints Raghavendra Hunasgi as the new CEO.

  • Housing & Urban Development Corp (HUDCO) signs a memorandum of understanding (MoU) with Nagpur Metropolitan Region Development Authority to provide funding up to Rs 11,300 crore for metro, housing, and infrastructure projects. The agreement also includes consultancy services and capacity-building support over the next five years.

  • HDFC Bank reportedly cuts its marginal cost of lending rate (MCLR) by up to 5 bps on select tenures, effective September 8. The six-month and one-year MCLR now stand at 8.65%, while the two-year rate is revised to 8.7%.

  • CLSA maintains an 'Outperform' rating on Ambuja Cements with a target price of Rs 665. The brokerage views the proposed GST cut on cement as a key driver of demand and profitability. It says Ambuja's scale, strategy, and premium focus position it well to benefit, with the cut likely to drive both volumes and margins.

  • Amanta Healthcare's shares debut on the bourses at a 7.1% premium to the issue price of Rs 126. The Rs 126 crore IPO received bids for 82.6 times the total shares on offer.

  • Morepen Laboratories surges as its subsidiary forms a 50:50 joint venture (JV) with UAE-based Bimedical FZE to manufacture, trade, and sell medical devices.

  • RailTel Corp of India rises sharply as it secures orders worth over Rs 714 crore from the Bihar Education Project Council. The projects include setting up information & communication technology (ICT) and integrated science & mathematics (ISM) labs, smart classrooms, and supplying teaching materials. The execution is slated between December 2025 and March 2026.

  • Morgan Stanley initiates coverage on Aditya Birla Lifestyle Brands with an 'Overweight' rating and a target price of Rs 175. The brokerage views the company as a "defensive discretionary play" with strong lifestyle brands, including Louis Philippe, Van Heusen, and Reebok. Post its June listing after ABFRL's demerger, it trades at 13x FY27 EV/EBITDA, with scope for multiple expansion on consistent execution.

  • IRB Infrastructure Developers is rising as its total toll collection rises 12.1% YoY to Rs 563.2 crore in August.

  • Voltamp Transformers falls as around 8.1 lakh shares (8% stake) worth approximately Rs 618 crore reportedly change hands in a block deal at an average price of Rs 7,611 per share. Promoter Kunjal Patel is likely the seller in the transaction.

  • Alpex Solar is rising as it secures an order worth Rs 345 crore from a leading industry player to supply solar modules.

  • Infosys' board of directors schedules a meeting on September 11 to consider a proposal for a buyback of equity shares.

  • Nifty 50 was trading at 24,854.20 (81.1, 0.3%), BSE Sensex was trading at 81,129.69 (342.4, 0.4%) while the broader Nifty 500 was trading at 22,924.20 (45.6, 0.2%).

  • Market breadth is in the green. Of the 2,072 stocks traded today, 1,184 were in the positive territory and 818 were negative.

Riding High:

Largecap and midcap gainers today include Gujarat Fluorochemicals Ltd. (3,638.30, 8.0%), Infosys Ltd. (1,504.30, 5.0%) and JSW Infrastructure Ltd. (313.25, 4.0%).

Downers:

Largecap and midcap losers today include FSN E-Commerce Ventures Ltd. (241.49, -2.3%), UNO Minda Ltd. (1,283.90, -2.0%) and Berger Paints (India) Ltd. (529.35, -1.9%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Gujarat Fluorochemicals Ltd. (3,638.30, 8.0%), Action Construction Equipment Ltd. (1,143.40, 7.8%) and Affle 3I Ltd. (2,070.20, 6.6%).

Top high volume loser on BSE was Ratnamani Metals & Tubes Ltd. (2,369, -0.2%).

Asahi India Glass Ltd. (875.70, 5.0%) was trading at 9.0 times of weekly average. Intellect Design Arena Ltd. (959.80, 6.4%) and Engineers India Ltd. (205.70, 2.4%) were trading with volumes 8.4 and 7.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Cummins India Ltd. (4,012, 1.1%), Eicher Motors Ltd. (6,893.50, 1.2%) and Mahindra & Mahindra Ltd. (3,696.30, -0.1%).

Stocks making new 52 weeks lows included - Deepak Nitrite Ltd. (1,740, -0.3%) and Praj Industries Ltd. (389.60, -1.8%).

21 stocks climbed above their 200 day SMA including Intellect Design Arena Ltd. (959.80, 6.4%) and Sagility India Ltd. (43.54, 3.6%). 11 stocks slipped below their 200 SMA including Balrampur Chini Mills Ltd. (519.60, -3.1%) and Bharat Forge Ltd. (1,181.70, -1.8%).

 
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