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Trendlyne Marketwatch
12 Sep 2025, 04:00PM
Market closes higher, Hindustan Copper announces a Rs 2,000 crore capex
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,114 (108.5, 0.4%) , BSE Sensex closed at 81,904.70 (356.0, 0.4%) while the broader Nifty 500 closed at 23,190.25 (87.6, 0.4%). Market breadth is in the red. Of the 2,553 stocks traded today, 1,143 were on the uptick, and 1,360 were down.

Indian indices closed higher after extending gains in the morning session. The Indian volatility index, Nifty VIX, fell 2.3% and closed at 10.1 points. Hindustan Copper surged 12.7% after announcing a Rs 2,000 crore capex plan over the next five to six years, aimed at acquiring new copper deposits and expanding its mining portfolio.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty India Defence and S&P BSE CPSE 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 2%.

Asian indices closed higher. European indices are trading in the red, except for the Netherlands’ AEX and the UK’s FTSE 100. US index futures are trading flat or lower, indicating a cautious start to the trading session. Investors expect the Federal Reserve to cut borrowing costs by at least 25 bps from the current 4.25-4.5% range on September 17, according to CME’s FedWatch Tool. Brent crude futures are trading higher after falling 1.7% on Thursday.

  • Relative strength index (RSI) indicates that stocks like Eicher Motors, Motherson Sumi Wiring, CG Power & Industrial, and Kaynes Technology are in the overbought zone.

  • Hindustan Copper surges after it announces a Rs 2,000 crore capital expenditure plan over the next five to six years. The company plans to acquire new copper deposits in India and abroad and is exploring collaborations to expand its mining portfolio.

  • ICICI Securities initiates coverage on Brigade Hotel Ventures with a 'Buy' call and a target price of Rs 117 per share. The brokerage expects the company to double its operational rooms by FY30 through nine new hotels with a planned capex of Rs 3,400 crore. They expect revenue and EBITDA to grow at a CAGR of 17% and 20% respectively, over FY26-28, supported by premium hotel additions and margin expansion.

  • Texmaco Rail & Engineering is rising as it secures an order worth Rs 129.1 crore from Rail Vikas Nigam. The order involves designing, supplying, installing, and testing two 25 kilovolt (KV) traction overhead equipments at the Yavatmal–Digras section of Central Railways.

  • A report by Anarock and Credai reveals that India’s Real Estate Investment Trust (REIT) market has shown consistent growth since its debut in 2019, reaching a valuation of approximately $18 billion as of August. With three additional REITs anticipated over the next four years, the market is projected to exceed $25 billion. Indian REITs have delivered yields of 6–7%, outperforming global averages. Meanwhile, the global Data Centre REIT sector, valued at $250 billion in 2024, is expected to double within the next seven years.

  • NLC India rises as it signs a memorandum of understanding (MoU) with Khanij Bidesh India to jointly identify, acquire, and develop mineral projects globally.

  • GMR Power & Urban Infra is rising as the Supreme Court dismisses appeals by Haryana and Odisha distribution companies in a coal allocation case. The ruling upholds the Appellate Tribunal for Electricity’s order, allowing its subsidiary, GMR Kamalanga Energy, to recover dues with interest and ensuring clarity on coal supply sharing.

  • Supreme Industries rises after JP Morgan initiates coverage with an 'Overweight' rating and a Rs 4,700 target price. The brokerage expects demand recovery in the domestic pipe industry from Q2FY26, with margin improvement in H2 to support earnings. It projects EPS growth of 17–18% CAGR over FY26-28.

  • Max Healthcare MD Abhay Soi outlines plans to add 1,000 beds within 30 days and double total capacity to 9,400 over the next four years. He notes challenges from regional unrest affecting international patient inflows, adding that the situation in Nepal may impact overseas patient numbers, similar to what occurred with Bangladesh.

  • Piramal Enterprises receives approval from the National Company Law Tribunal (NCLT) for the merger with its wholly-owned subsidiary, Piramal Finance. The company sets September 23 as the record for the merger.

  • HFCL rises sharply as Andhra Pradesh government approves allotment of 1,000 acres in Sri Sathya Sai district. The land will be used to set up defence manufacturing facilities, including artillery shells, explosive filling units, and hand grenades.

  • GMR Airports rises as 5 crore shares (0.5% stake), worth Rs 441 crore, reportedly change hands in a block deal at an average price of Rs 87.5 per share.

  • Nomura maintains a 'Buy' rating on Infosys with a target price of Rs 1,880. The brokerage views Infosys as a top pick among large-cap IT stocks, expecting the Rs 18,000 crore buyback to be largely EPS-neutral in FY26. It highlights Infosys’ goal of steadily increasing dividends every year and projects 3.8% YoY dollar revenue growth for FY26, with about 40 bps contribution from acquisitions.

  • Adani Enterprises' wholly owned subsidiary,  Adani Road Transport signs a Share Purchase Agreement (SPA) with with D P Jain TOT Toll Roads Private (DPJTOT), D P Jain & Co Infrastructure Private and DPJ-DRA Tollways Private to acquire 100% stake in DPJTOT. The acquisition, subject to approvals, is valued at an enterprise value of up to Rs 1,342 crore.

  • JSW Energy is rising as it expands its renewable energy capacity by 317 MW with hydro capacity of 240 MW, solar capacity of 34 MW and wind capacity of 43 MW, taking the total installed capacity to 13,097 MW.

  • Travel Food Services is rising as Cochin International Airport grants it a five-year license to manage food & beverages (F&B) outlets, a lounge, and a bar at domestic terminal. The deal covers 11 quick-service restaurants and one lounge in the security hold area.

  • Steel Secretary Sandeep Poundrik says the PLI scheme for specialty steel will be announced soon, with a decision on safeguard duty expected by November 6. He expects steel demand and prices to rise post-monsoon and projects consumption to reach 230–240 million tonnes by 2030. He also clarifies that there are no current plans for setting a minimum import price.

  • Marico is rising as it plans to acquire the remaining 46% stake in HW Wellness Solutions, which owns ‘True Elements’, for Rs 138 crore to expand its presence in the healthy breakfast and snacking category. With the acquisition, HW Wellness will become the wholly-owned subsidiary of Marico.

  • JBM Auto surges as its subsidiary, JBM Ecolife Mobility, secures a $100 million (~Rs 882 crore) investment from International Finance Corp (IFC). The funding will be used to deploy 1,455 electric buses across Maharashtra, Assam, and Gujarat.

  • Lodha Developers signs a memorandum of understanding (MoU) worth Rs 30,000 crore with the Maharashtra government for setting up a data centre park in Palava. Spread across 370 acres, the renewable energy-powered project will generate about 6,000 jobs.

  • Gujarat State Petronet declines as Morgan Stanley downgrades the stock to an 'Equalweight' rating and a lower target price of Rs 295. The brokerage views GAIL and Petronet LNG as stronger bets on India’s gas adoption story, citing GSPL’s limited growth capex and pipeline expansion. It believes future growth hinges on transmission volumes, tariffs, and capex for planned network expansion.

  • Indian Overseas Bank lowers its marginal cost of lending rate (MCLR) by up to 5 bps on select tenures, effective September 15. The one-year and two-year MCLR now stand at 8.85%, while the three-year rate is revised to 8.9%.

  • Insolation Energy is rising as it receives an order worth Rs 143.2 crore from Zetwerk Manufacturing Businesses to supply solar modules.

  • NBCC is rising as it signs a memorandum of understanding with Rajasthan State Industrial Development & Investment Corporation (RIICO) for the development of Rajasthan Mandapam and allied infrastructure projects near Jaipur International Airport. The project is valued at Rs 3,700 crore.

  • Infosys' board of directors approves a share buyback of Rs 18,000 crore. The company plans to repurchase 10 crore fully paid-up equity shares, representing up to 2.4% of its total equity, at Rs 1,800 per share.

  • Nifty 50 was trading at 25,053.30 (47.8, 0.2%), BSE Sensex was trading at 81,758.95 (210.2, 0.3%) while the broader Nifty 500 was trading at 23,146.75 (44.1, 0.2%).

  • Market breadth is in the green. Of the 2,070 stocks traded today, 1,259 showed gains, and 733 showed losses.

Riding High:

Largecap and midcap gainers today include Mazagon Dock Shipbuilders Ltd. (2,924.70, 4.7%), Supreme Industries Ltd. (4,532.70, 4.1%) and Samvardhana Motherson International Ltd. (104.69, 4.0%).

Downers:

Largecap and midcap losers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,774, -3.1%), Waaree Energies Ltd. (3,634.20, -2.8%) and Jindal Stainless Ltd. (740.95, -2.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included JBM Auto Ltd. (712.95, 13.9%), Hindustan Copper Ltd. (280.05, 12.7%) and Garden Reach Shipbuilders & Engineers Ltd. (2,581.90, 9.6%).

Top high volume losers on BSE were Metropolis Healthcare Ltd. (2,063, -2.9%), Eris Lifesciences Ltd. (1,675.90, -1.4%) and NBCC (India) Ltd. (106.49, -1.2%).

BEML Ltd. (4,420.40, 9.1%) was trading at 11.8 times of weekly average. Lodha Developers Ltd. (1,168.30, -1.0%) and Hindustan Zinc Ltd. (462.95, 3.7%) were trading with volumes 6.8 and 4.5 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,

Stocks touching their year highs included - Bajaj Finance Ltd. (1,003.25, 3.4%), L&T Finance Ltd. (234.96, 0.6%) and Zydus Wellness Ltd. (2,537, -0.6%).

23 stocks climbed above their 200 day SMA including JBM Auto Ltd. (712.95, 13.9%) and Hindustan Zinc Ltd. (462.95, 3.7%). 11 stocks slipped below their 200 SMA including Mastek Ltd. (2,452.80, -2.1%) and Amara Raja Energy & Mobility Ltd. (1,029.45, -2.1%).

 
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