T
Trendlyne Marketwatch
22 Sep 2025, 03:58PM
Market closes lower, Brigade Enterprises gets Rs 126 cr investment from Manipal Group
By Trendlyne Analysis

 

Nifty 50 closed at 25,202.35 (-124.7, -0.5%) , BSE Sensex closed at 82,159.97 (-466.3, -0.6%) while the broader Nifty 500 closed at 23,381.45 (-105.2, -0.5%). Market breadth is in the red. Of the 2,593 stocks traded today, 936 showed gains, and 1,615 showed losses.

Indian indices closed in the red, dragged down by IT stocks after the US announced a hike in H-1B visa fees. The Indian volatility index, Nifty VIX, rose 5.9% and closed at 10.6 points. Garden Reach Shipbuilders closed 2.1% higher as it signed a $62 million deal with Germany’s Carsten Rehder for four hybrid multi-purpose vessels.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Auto closed in the red, while BSE Power closed higher. According to Trendlyne’s Sector dashboard, Utilities emerged as the best-performing sector of the day, with a rise of 2.7%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session. Investors await the release of PCE inflation, home sales data, and September consumer sentiment later in the week. Brent crude futures are trading lower after rising 0.2% on Friday.

  • Relative strength index (RSI) indicates that stocks like L&T Finance, Maruti Suzuki, Tanla Platforms, and Eicher Motors are in the overbought zone.

  • Brigade Enterprises receives a Rs 126 crore investment from Manipal Education and Medical Group International India for its Twin Towers project in Bengaluru.

  • One 97 Communications (Paytm) rises after Jefferies retains its 'Buy' rating and raises the target price by 3.6% to Rs 1,420 per share. The brokerage cites growth potential in the recently launched postpaid-on-UPI and wealth segments, raising EBITDA estimates by 9–14%.

  • Hindustan Copper rises sharply as it extends its Rekha Mining lease deed with the Jharkhand Government for the next 20 years. The company will reopen and expand the Rekha Copper Mine.

  • JM Financial believes that Swiggy may need to raise over $500 million (Rs 4,400 crore) to support and grow Instamart amid rising competition. Swiggy faces increasing pressures with losses widening for five straight quarters and cash reserves shrinking. The brokerage suggests Swiggy take cues from its larger rival, which recapitalised last year despite a stable balance sheet.

  • Oil India is rising as it signs a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to develop 1.2 GW of renewable energy projects. The project includes 1,000 MW of solar and 200 MW of wind within RVUNL’s Renewable Energy Park.

  • ICICI Direct maintains its 'Buy' call on Alkem Laboratories, with a target price of Rs 6,400 per share. This indicates a potential upside of 16.4%. The brokerage believes that the company has well-balanced growth levers led by its strong foothold in India, RoW and new ventures. It expects the firm's revenue to grow at a CAGR of 10.6% over FY26-28.

  • Godrej Consumer Products rises as it invests $85 million (~ Rs 750 crore) in its subsidiary, Godrej Mauritius Africa Holdings, for 8.1 crore shares.

  • Metro Brands CEO Nissan Joseph says about 40% of the company's net revenue comes from products priced below Rs 2,500. The company plans to offer discounts on roughly 40% of its inventory to expand this segment. He believes the GST cuts will help restore the company’s growth rate to 15%.

  • Adani Power surges to its 20% upper circuit as it begins trading after five-for-one stock split. The company splits Rs 10 face value shares into five shares of Rs 2 each.

  • Coromandel International's board of directors approves setting up a technical mono ammonium phosphate (TMAP) plant in Visakhapatnam.

  • Rossell Techsys rises sharply to its all-time high of Rs 832 as it secures a long-term Indefinite Delivery, Indefinite Quantity (IDIQ) contract with Boeing. The deal involves manufacturing electrical panel assemblies for the T-7A Red Hawk, Boeing’s advanced pilot training aircraft, allowing production of up to 1,200 shipsets through 2033.

  • Shipping stocks like Mazagon Dock and Cochin Shipyard rise following reports that the Indian government has granted infrastructure status to large ships. This upgrade is expected to ease capital access for shipbuilders. Additionally, the Indian Navy is set to issue a tender worth Rs 80,000 crore ($9.1 billion) for four large landing platform docks.

  • DEE Development Industries' board of directors approves raising Rs 300 crore by issuing equity shares or other securities through a private placement, rights issue, qualified institutional placement (QIP), or other modes.

  • Garden Reach Shipbuilders & Engineers rises sharply as it signs a $62 million (Rs 546.6 crore) deal with Germany’s Carsten Rehder for four hybrid multi-purpose vessels. The contract includes an option to build two more vessels and is scheduled for completion in 33–42 months.

  • Everest Industries rises as its board of directors appoints Hemant Khurana as the new Managing Director (MD) and Chief Executive Officer (CEO), effective September 13.

  • An SBI report states that the RBI may cut rates by 25 bps in its September policy meeting, calling it the best option currently. With inflation under control and likely to ease further, the report sees merit in a rate cut. It expects inflation to remain low through FY27. The CPI for FY27 is likely to stay around 4% or lower. With the GST rationalisation, the October CPI is expected to drop to around 1.1%.

  • NBCC is rising as it signs a memorandum of understanding (MoU) worth Rs 117 crore with HUDCO for multiple projects. The MoU includes developing a commercial plot in Ghaziabad, a HUDCO plot in Haryana, additional blocks at the HUDCO Regional Office in Gujarat, and the reconstruction of flats at the Asian Games Village Complex (AGVC) in New Delhi.

  • PNC Infratech receives a letter of acceptance (LoA) worth Rs 495.5 crore from Bihar State Road Development Corp to build a high-level bridge and approach road on the Hathouri-Atrar-Bavangama-Aurai Road. The project is scheduled for completion within three years.

  • Netweb Technologies India rises sharply to its all-time high of Rs 3,470 as it secures a Rs 450 crore order for AI infrastructure deployment using Tyrone GPU systems. The project runs until the end of FY26.

  • Indian IT stocks like TCS, Infosys, and HCL Technologies fall up to 6%, losing around Rs 63,000 crore in market value, after the US announces an H-1B visa fee hike. However, the decline is less severe than expected, and stocks partially recover as the impact is likely only from FY27. IIFL Securities says the higher US business costs are manageable, estimating a 20–60 bps hit to EBIT margins and a 1.2–4.5% impact on EPS depending on hiring strategies.

  • Swan Defence and Heavy Industries surges to its all-time high of Rs 577.1 as it signs a Rs 4,250 crore memorandum of understanding (MoU) with Gujarat Maritime Board to expand the shipyard at Pipavav Port in Gujarat. The expansion includes enhancing the slipway, jetties, additional cranes, block fabrication, and dredging.

  • Ceigall India is rising as it bags a Rs 1,700 crore order from Rewa Ultra Mega Solar through tariff-based competitive bidding to set up a 220 MW grid-connected ground-mounted solar photovoltaic (PV) plant in Madhya Pradesh. The company will also set up a battery energy storage system (BESS).

  • Prism Johnson rises as it emerges as the preferred bidder for the mining lease of the 203.8-hectare Piparhat Kubri Limestone block in an auction by the Mineral Resource Department, Government of Madhya Pradesh. The block has a capacity of 45.21 million tonnes.

  • Lupin receives Form 483 with four observations from the US FDA after a pre-approval inspection at its biotech facility in Pune.

  • Nifty 50 was trading at 25,264.45 (-62.6, -0.3%), BSE Sensex was trading at 82,240.49 (-385.7, -0.5%), while the broader Nifty 500 was trading at 23,478.05 (-8.6, 0.0%).

  • Market breadth is in the green. Of the 2,214 stocks traded today, 1,253 showed gains, and 881 showed losses.

Riding High:

Largecap and midcap gainers today include Adani Power Ltd. (170.25, 20%), Adani Total Gas Ltd. (780.75, 19.9%) and Adani Green Energy Ltd. (1,152.15, 11.8%).

Downers:

Largecap and midcap losers today include MphasiS Ltd. (2,852.40, -4.7%), LTIMindtree Ltd. (5,260, -4.5%) and Coforge Ltd. (1,716.90, -4.4%).

Volume Shockers

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

Top high volume gainers on BSE included Adani Total Gas Ltd. (780.75, 19.9%), Adani Green Energy Ltd. (1,152.15, 11.8%) and Adani Energy Solutions Ltd. (937.40, 6.9%).

Top high volume losers on BSE were Tech Mahindra Ltd. (1,505.40, -3.1%) and RBL Bank Ltd. (269.70, -0.5%).

MMTC Ltd. (70.96, 5.3%) was trading at 14.4 times of weekly average. AWL Agri Business Ltd. (271.10, 5.5%) and Vedant Fashions Ltd. (750.80, 4.6%) were trading with volumes 9.6 and 6.8 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 hit their 52 week lows.

Stocks touching their year highs included - Adani Power Ltd. (170.25, 20%), Canara Bank (118.87, 0.9%) and Grasim Industries Ltd. (2,854.10, -0.8%).

Stocks making new 52 weeks lows included - United Breweries Ltd. (1,774.90, -1.2%) and Praj Industries Ltd. (381.95, -1.8%).

11 stocks climbed above their 200 day SMA including Adani Total Gas Ltd. (780.75, 19.9%) and Anant Raj Ltd. (677.60, 5.8%). 25 stocks slipped below their 200 SMA including Voltas Ltd. (1,376.20, -3.1%) and Ipca Laboratories Ltd. (1,399.30, -2.9%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Market closes lower, Brigade Enterprises gets Rs 126 cr investment from Manipal Group
Trendlyne Marketwatch | 22 Sep 2025, 03:58PM
Five Interesting Stocks Today - September 19, 2025
The Baseline | 19 Sep 2025
Markets close flat, RailTel's IPO oversubscribed on Day 1
Trendlyne Marketwatch | 16 Feb 2021