T
Trendlyne Marketwatch
16 Sep 2025, 03:55PM
Market closes higher, JSW Infrastructure signs a Rs 740 crore agreement with SMPK
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,239.10 (169.9, 0.7%), BSE Sensex closed at 82,380.69 (595.0, 0.7%) while the broader Nifty 500 closed at 23,369.30 (153.5, 0.7%). Market breadth is in the green. Of the 2,547 stocks traded today, 1,550 were in the positive territory and 947 were negative.

Indian indices closed in the green amid optimism over India–US trade negotiations. The Indian volatility index, Nifty VIX, fell around 1.3% and closed at 10.3 points. Larsen & Toubro closed 2.3% higher as its heavy civil infrastructure business won an order worth Rs 1,000-2,500 crore from NPCIL for a nuclear power project in Tamil Nadu.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. S&P BSE Telecom and Nifty Auto closed higher. According to Trendlyne’s Sector dashboard, Cement and Construction emerged as the best-performing sector of the day, with a rise of 1.6%.

European indices are trading flat or lower. Major Asian indices closed mixed. US index futures are trading mixed, indicating a cautious start to the session. Investors await today’s release of US retail sales data and the Federal Reserve’s interest rate decision later in the week. Brent crude futures are trading lower after rising 0.8% on Monday.

  • Relative strength index (RSI) indicates that stocks like Godawari Power & Ispat, Bajaj Finance, CG Power & Industrial, and HBL Power Systems are in the overbought zone.

  • AGI Greenpac is rising as it plans to expand its container glass and speciality glass facilities to 1,900 tonnes per day (TPD) and 200 TPD from 1,850 TPD and 154 TPD, respectively. The company allocates a capex of Rs 32 crore for the container glass facility and Rs 15 crore for the speciality glass facility.

  • Textiles, apparels & accessories stocks like PN Gadgil Jewellers, Indo Count and Kitex Garments are rising sharply as investors await the trade discussions between India and the USA later today.

  • Tata Motors is falling as its UK-based subsidiary, Jaguar Land Rover (JLR), reportedly extends its production pause until September 24 due to a cybersecurity incident.

  • Hero Motors receives SEBI approval to launch its Rs 1,200 crore IPO, comprising a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. Meanwhile, SEBI has also approved five other initial public offerings, including Canara Robeco AMC, Emmvee Photovoltaic and Pine Labs. The six IPOs will collectively raise about Rs 12,500 crore.

  • Great Eastern Shipping rises sharply as it bags a contract to sell its Suezmax Crude Tanker, Jag Lok, with a capacity of 1.6 lakh deadweight tonnage (DWT). The company plans to complete the delivery by Q3FY26.

  • IDBI Capital retains its 'Buy' call on NMDC with a target price of Rs 125 per share. This indicates a potential upside of 65.6%. The brokerage highlights near-term margin pressures but expects strong long-term growth, driven by the company's expansion plans, diversification, and robust demand from the infrastructure sector.

  • Larsen & Toubro is rising as its heavy civil infrastructure (HCI) business bags an order worth Rs 1,000-2,500 crore from Nuclear Power Corporation of India (NPCIL) for the Kudankulam Nuclear Power Project (KKNPP-5 & 6) in Tamil Nadu. The order involves the supply and installation of mechanical systems, including the nuclear reactor, turbines, generators, and auxiliary equipment across the project site.

  • HSBC remains bullish on India’s cement sector, noting that recent major deals are speeding up consolidation, which is expected to support pricing. The brokerage anticipates a demand recovery from the second half of FY26, driven by increased government spending, and expects cement prices to start rising from November. UltraTech is its top pick, with a 'Buy' rating and a target price of Rs 15,410.

  • Insolation Energy is rising as it secures an order worth Rs 113 crore from Jodhpur Vidyut Vitran Nigam (JDVVNL) to develop 34 MW grid-connected solar power plants under the PM-KUSUM scheme. The project involves designing, installing, and maintaining the plants for 25 years and connecting the plants to 33 KV substations.

  • Asahi India Glass' board of directors approves the qualified institutional placement (QIP) of equity shares at a floor price of Rs 844.8 per share.

  • JSW Infrastructure is rising as it signs an agreement worth Rs 740 crore with Syama Prasad Mookerjee Port, Kolkata (SMPK). The project involves the reconstruction of berth 8 and the mechanisation of berths 7 and 8 with rail-mounted cranes to speed up container cargo handling.

  • India’s pharmaceutical exports in August show growth both yearly and sequentially. Laurus Labs tops the list with a 94% YoY surge in exports, reaching $37.4 million. Divi’s Laboratories follows with a 5% rise, totalling $89 million for August. Divi's key drug, Sacubitril/Valsartan, was a major growth driver, which recorded $18.2 million in exports, up 79% YoY, with volumes doubling to 34.5 tonnes.

  • Tata Consultancy Services rises as it bags a multi-year deal with ARN Media to enhance its technology and business operations. The company will provide technology, media and finance operations services for ARN Media.

  • Mishra Dhatu Nigam is rising as it secures an order worth Rs 136 crore, taking its total order book to about Rs 1,983 crore.

  • SpiceJet is rising as it signs lease agreements for eight Boeing 737 aircraft to meet the rising demand from the upcoming festive and winter season.

  • Nomura expects loan growth for Indian banks to improve in the medium term, helped by better asset quality in unsecured retail loans, recovery in microfinance, and supportive policies. It names ICICI Bank, SBI, and Axis Bank as top picks. Nomura also notes signs of improvement in retail lending, with lower stress in unsecured loans and fewer early credit card defaults.

  • Tega Industries' board of directors schedules a meeting on September 18 to consider a proposal for raising funds by issuing equity shares.

  • Transrail Lighting bags orders worth Rs 421 crore across its international transmission & distribution (T&D), poles and lighting segments. The orders include a transmission line contract in Africa. This takes the company's FY26 order inflows to Rs 3,500 crore so far.

  • Suzlon Energy rises as it bags an order from Tata Power Renewable Energy to supply 266 S144 wind turbine generators (WTGs) with a rated capacity of 3.2 MW for an 838 MW project.

  • JP Morgan projects India’s B2C e-commerce logistics market to grow at a 16% CAGR through FY30, outpacing the broader industry. The brokerage initiates coverage on the logistics sector, favouring the high-growth B2C and B2B express logistics segments, as well as oil and gas logistics. It names Delhivery and Aegis Logistics as its top picks, assigning an 'Overweight' rating.

  • Lumax Auto Technologies receives approval from the National Company Law Tribunal (NCLT) to merge its subsidiary, Lumax Resources, with its step-down subsidiary, Greenfuel Energy Solutions.

  • Sanghvi Movers is rising as its subsidiary, Sangreen Future Renewable, secures orders worth Rs 292 crore from independent power producers (IPPs). The work includes building turbine foundations, roads, and crane platforms, moving equipment to sites, installing wind turbines, and setting up power lines and distribution yards.

  • Adani Enterprises is rising as it receives a letter of award (LoA) from National Highways Logistics Management to build a ropeway connecting Sonprayag with Kedarnath. The company is investing Rs 4,081 crore in its first ropeway project.

  • NCC rises sharply as it bags an order worth Rs 2,090.5 crore from the Water Resource Department, Bihar, to construct the Barnar reservoir. The order also includes the construction of dam structures, irrigation channels and other associated works.

  • Nifty 50 was trading at 25,106.75 (37.6, 0.2%), BSE Sensex was trading at 81,852.11 (66.4, 0.1%), while the broader Nifty 500 was trading at 23,255.95 (40.1, 0.2%).

  • Market breadth is ticking up strongly. Of the 2,058 stocks traded today, 1,343 were in the positive territory and 664 were negative.

Riding High:

Largecap and midcap gainers today include Cholamandalam Investment & Finance Company Ltd. (1,583.10, 4.3%), GMR Airports Ltd. (92.84, 4.1%) and JSW Infrastructure Ltd. (326.20, 3.6%).

Downers:

Largecap and midcap losers today include Godrej Consumer Products Ltd. (1,229.40, -2.2%), Varun Beverages Ltd. (462.90, -1.9%) and Indian Hotels Company Ltd. (778.65, -1.5%).

Movers and Shakers

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

Top high volume gainers on BSE included Redington Ltd. (289.30, 19.8%), Godfrey Phillips India Ltd. (3,644, 6.9%) and Great Eastern Shipping Company Ltd. (1,058.15, 6.3%).

Top high volume losers on BSE were Godrej Agrovet Ltd. (731.50, -0.7%) and V-Guard Industries Ltd. (372.75, -0.4%).

Star Health and Allied Insurance Company Ltd. (450.85, 1.9%) was trading at 24.5 times of weekly average. Kirloskar Oil Engines Ltd. (931.20, 4.7%) and Usha Martin Ltd. (407.10, 5.3%) were trading with volumes 23.4 and 12.7 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,

Stocks touching their year highs included - Cummins India Ltd. (4,111, 1.5%), Eicher Motors Ltd. (6,927.50, 1.9%) and Fortis Healthcare Ltd. (966.65, -1.1%).

32 stocks climbed above their 200 day SMA including Redington Ltd. (289.30, 19.8%) and Aegis Logistics Ltd. (800.45, 5.5%). 5 stocks slipped below their 200 SMA including Indian Hotels Company Ltd. (778.65, -1.5%) and Shriram Finance Ltd. (618.10, -0.9%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
IPO market buzz: Five new issues, eleven listings this week
| 15 Sep 2025, 04:32PM
Five Interesting Stocks Today - September 12, 2025
The Baseline | 12 Sep 2025
Markets close flat, RailTel's IPO oversubscribed on Day 1
Trendlyne Marketwatch | 16 Feb 2021, 09:46AM