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Trendlyne Marketwatch
15 Sep 2025, 04:03PM
Market closes lower, Tata Tech to buy Germany-based ES-Tec Group for €75 million
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,069.20 (-44.8, -0.2%), BSE Sensex closed at 81,785.74 (-119.0, -0.2%) while the broader Nifty 500 closed at 23,215.85 (25.6, 0.1%). Market breadth is in the green. Of the 2,581 stocks traded today, 1,394 were on the uptick, and 1,150 were down.

Indian indices closed in the red as investors booked profits after the previous week’s sharp rally. The Indian volatility index, Nifty VIX, rose 2.8% and closed at 10.4 points. India’s WPI inflation rose to a four-month high of 0.5% in August from -0.6% in July, driven by higher food and manufacturing prices.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green. Nifty Realty and BSE Realty Index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 2.2%.

Asian indices closed mixed, while European indices are trading higher except Russia’s MOEX & RTSI indices. US index futures traded higher indicating a positive start to the trading session. The highly anticipated Fed meeting is set for September 16-17, making it a key two-day event later this week. As per the CME FedWatch Tool, there's a 96% chance of a 25 bps rate cut, while the probability of a 50 bps cut remains low at just 4%. Morgan Stanley and Deutsche Bank expect the Fed to cut rates at all three remaining meetings this year, citing easing inflation pressures.

  • Money flow index (MFI) indicates that stocks like JBM Auto, NMDC Steel, NLC, and Devyani International are in the overbought zone.

  • ICICI Bank is rising as the Reserve Bank of India (RBI) approves the purchase of up to 2% additional stake in its subsidiary, ICICI Prudential Asset Management Company.

  • ICICI Securities maintains its 'Buy' call on Havells India, with a target price of Rs 1,800 per share. This indicates a potential upside of 13%. The brokerage remains positive on the stock, driven by its diverse product portfolio, strong distribution network and an established brand portfolio. It expects the firm's revenue to grow at a CAGR of 5.4% over FY26-27.

  • STL Networks surges to its 5% upper circuit as Invenia-STL Networks secures a Rs 360 crore contract from PowerGrid Teleservices. The deal includes designing, building, and maintaining IT and cloud infrastructure for a data centre and a disaster recovery centre.

  • India’s WPI inflation rises to a four-month high of 0.5% in August from -0.6% in July, driven by higher food and manufacturing prices. Rahul Agrawal of ICRA Ratings notes that an unfavourable base effect and broad-based price increases led to the expected return of inflation after two months.

  • Yatharth Hospital & Trauma Care Services surges as it plans to acquire a 100% stake in Shantived Institute of Medical Sciences (Shantived Hospital), Agra, for Rs 260 crore to strengthen its presence in Uttar Pradesh.

  • Ventura initiates coverage on Waaree Renewable Technologies with a 'Buy' call and a target price of Rs 1,416 per share. This indicates a potential upside of 29%. The brokerage believes that the company's unexecuted order book of 3.2 GW, 25 GW of bidding pipeline and government schemes will drive revenue growth. It expects the firm's revenue to grow at a CAGR of 53% over FY26-28.

  • Blue Jet Healthcare falls as its promoter, Akshay Bansarilal Arora, sells 1.1 crore shares (or 6.2% stake) in the company through an offer for sale at a floor price (OFS) of Rs 675 per share.

  • Ola Electric reportedly files a claim of around Rs 400 crore under the government's Production Linked Incentive (PLI) scheme for the automobile and auto components sector. The claim is based on eligible sales of approximately Rs 3,000 crore, implying an expected incentive of 13–14%. The payout is likely to support the company’s liquidity and boost its financial performance in the coming quarters.

  • Vodafone Idea rises sharply as the Supreme Court reportedly lists its adjusted gross revenue (AGR) dues case for hearing on September 19. The company challenges the Department of Telecom’s (DoT) Rs 9,450 crore demand, arguing it goes beyond the Court’s earlier ruling.

  • Diamond Power Infrastructure surges as it receives a letter of intent (LoI) worth Rs 236.7 crore from Adani Energy Solutions to supply 5,403 km of AL-59 Zebra Conductor for the Jamnagar project.

  • RailTel Corp of India rises sharply as it bags a letter of award (LoA) worth Rs 209.8 crore from the Bihar Education Project Council (BEPC) to supply digital infrastructure and related services to enhance the education quality in the state.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 7.1% YoY growth in domestic two-wheeler sales at 18.3 lakh units in August. Passenger vehicle sales decline 8.8% YoY to 3.2 lakh units. Three-wheeler sales increase by 8.3% to 75,759 units.

  • Shakti Pumps rises sharply as it secures a Rs 374 crore order from Maharashtra State Electricity Distribution Co. The deal involves supplying and installing 34,720 off-grid solar water pumps.

  • KRBL is plunging as its independent director, Anil Kumar Chaudhary, tenders his resignation, citing governance issues. Chaudhary notes the withholding of information that affects decision-making and the write-off of certain export receivables without discussion.

  • Tata Technologies is rising as it plans to acquire a 100% stake in Germany-based ES-Tec Group from MW Beteiligungs GmbH for €75 million (over Rs 775 crore). The deal strengthens its engineering, research and development capabilities and expands its end-to-end offerings for global automotive customers.

  • Jefferies initiates coverage on liquor makers United Spirits, Radico Khaitan, and Allied Blenders and Distillers with a 'Buy' rating. The brokerage sees strong growth potential in the spirits segment, driven by premiumisation. It expects all major players to deliver double-digit CAGR in revenue, along with significant opportunities for margin expansion.

  • Larsen & Toubro rises as its transportation infrastructure business bags a large order worth Rs 2,500-5,000 crore from National High Speed Rail Corp (NHSRCL). The order involves the construction of 156 Route Km (RKM) of high-speed ballastless track for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.

  • Dr. Reddy's Laboratories is falling as it receives a Form 483 with five observations from the US FDA following a pre-approval inspection (PAI) at its biologics manufacturing facility in Bachupally, Hyderabad.

  • ASM Technologies rises to its all-time high of Rs 4,500 per share as it signs a memorandum of understanding (MoU) with the Tamil Nadu Government to expand its ESDM related design-led manufacturing and precision engineering capacity. The company will acquire a 5-acre land parcel to set up a new design facility in the state with a capex of Rs 250 crore.

  • Antique Stock Broking believes a sequential recovery is underway in the FMCG sector. The firm anticipates that GST reductions will drive volume growth into the mid to high single digits. It favours GCPL, Marico, and Emami in the consumer staples space. The brokerage also notes strong demand for GCPL's household insecticides, driven by increased mosquito infestations.

  • Engineers India is rising as it receives a letter of award (LoA) worth Rs 618 crore to set up a fertiliser plant in Africa. The company will provide project management consultancy (PMC) and engineering, procurement & construction (EPC) services for the project.

  • Vikram Solar is rising as it secures an order worth Rs 273 crore from AB Energia Solutions to supply 200 MW high-efficiency solar modules for projects in Maharashtra, Madhya Pradesh, and Gujarat.

  • Ceigall India is rising as it secures an order worth Rs 509.2 crore from the Greater Mohali Area Development Authority (GMADA) to construct roads in Aerotropolis, SAS Nagar.

  • Apollo Hospitals Enterprise rises as it enters an agreement to acquire a 30.6% stake (or 4.2 crore shares) in its subsidiary, Apollo Health and Lifestyle, from International Finance Corp (IFC) and IFC EAF Apollo Investment (IFC EAF) for Rs 1,254.1 crore. The company also plans to set up an oncology facility in Gurugram, with a capex of Rs 573 crore.

  • Nifty 50 was trading at 25,091.40 (-22.6, -0.1%), BSE Sensex was trading at 81,925.51 (20.8, 0.0%), while the broader Nifty 500 was trading at 23,191.30 (1.1, 0%).

  • Market breadth is in the green. Of the 2,142 stocks traded today, 1,271 were on the uptick, and 782 were down.

Riding High:

Largecap and midcap gainers today include SBI Cards and Payment Services Ltd. (900.05, 5.1%), Tube Investments of India Ltd. (3,354.10, 3.8%) and NHPC Ltd. (86.61, 3.7%).

Downers:

Largecap and midcap losers today include Biocon Ltd. (358.25, -1.9%), Asian Paints Ltd. (2,502.60, -1.7%) and Cipla Ltd. (1,548.30, -1.7%).

Movers and Shakers

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

Top high volume gainers on BSE included Anant Raj Ltd. (589.45, 10.5%), Aegis Logistics Ltd. (758.90, 8.1%) and Ircon International Ltd. (183.66, 6.6%).

Top high volume losers on BSE were Craftsman Automation Ltd. (6,590, -1.6%), Sundram Fasteners Ltd. (1,012.40, -1.1%) and Hatsun Agro Products Ltd. (906.50, -0.1%).

ITI Ltd. (322.55, 4.2%) was trading at 11.1 times of weekly average. Sarda Energy & Minerals Ltd. (626.15, 6.2%) and IFCI Ltd. (56.21, 5.3%) were trading with volumes 7.6 and 7.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,009.85, 0.7%), Fortis Healthcare Ltd. (977.65, 0.8%) and L&T Finance Ltd. (237.10, 0.9%).

Stock making new 52 weeks lows included - United Breweries Ltd. (1,800, 0.2%).

35 stocks climbed above their 200 day SMA including Anant Raj Ltd. (589.45, 10.5%) and Ircon International Ltd. (183.66, 6.6%). 5 stocks slipped below their 200 SMA including J B Chemicals & Pharmaceuticals Ltd. (1,679.40, -1.2%) and RHI Magnesita India Ltd. (474, -0.9%).

 
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