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Trendlyne Marketwatch
23 Sep 2025, 02:23PM
Market trades flat, HCC bags two orders worth Rs 2,566 cr
By Trendlyne Analysis

 

Nifty 50 was trading at 25,196.45 (-5.9, 0.0%), BSE Sensex was trading at 82,176.04 (16.1, 0.0%) while the broader Nifty 500 was trading at 23,343.80 (-37.7, -0.2%). Market breadth is in the red. Of the 2,508 stocks traded today, 1,025 showed gains, and 1,431 showed losses.

Nifty 50 opens flat, after gaining 6.7 points in the pre-opening session. Indian indices closed lower on Monday after IT stocks declined due to a hike in H-1B visa fees by the US. FIIs sold shares worth Rs 2,910.1 crore, while DIIs bought Rs 2,582.6 crore in Indian equities on the same day.

Nifty Smallcap 100 and Nifty Midcap 100 open higher. S&P BSE Utilities and S&P BSE SME IPO open in the green. Nifty IT opens flat, despite the tech-heavy Nasdaq 100 index closing 0.6% higher on Monday.

Most European indices closed mixed on Monday. Major Asian indices are trading with varied trends. US indices closed higher on Monday, with the Dow Jones and S&P 500 closing 0.1% and 0.4% in the green, respectively. NVIDIA closed 3.4% in the green as it plans to invest $100 billion in OpenAI over the next few years. Meanwhile, Micron Technology, Autozone, and Worthington Enterprises are set to report their earnings today.

  • Axis Direct retains its 'Buy' call on JSW Energy with a target price of Rs 705 per share. This indicates a potential upside of 29.3%. The brokerage remains positive on the stock due to its strong execution capabilities and diversified portfolio. It expects the firm's revenue to grow at a CAGR of 35.6% over FY26-28.

  • Brigade Enterprises signs a joint development agreement to build a premium residential project in Banashankari, Bengaluru. The 7.5-acre project has a gross development value (GDV) of around Rs 1,200 crore.

  • Hindustan Construction rises sharply as it bags two orders worth Rs 2,566 crore from the Patna Metro Rail Corp (PMRCL) to construct 10.7 km of underground tunnels and six metro stations for the Patna Metro Rail project.

  • Coal India's subsidiary, Bharat Coking Coal, receives approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).

  • Shilpa Medicare rises as it receives initial authorisation from the European Medicines Agency (EMA) for its Rivaroxaban Orodispersible Films, a generic version of Bayer’s Xarelto. The drug is used to prevent and treat blood clots in patients. The European oral Rivaroxaban market is valued at around $2.5 billion.

  • JK Lakshmi Cement expands its capacity to 18 metric tonnes per annum (MTPA) from 16.5 MTPA by adding a 13.5 lakh tonnes per annum grinding unit in Surat.

  • Citi rates Vodafone Idea as a 'High-Risk Buy' with a target price of Rs 10. The brokerage highlights that the Supreme Court's acceptance of Vodafone Idea’s latest AGR plea, combined with government backing, has increased the chances of a potential relief for the company.

  • ICICI Direct maintains its 'Buy' call on Apollo Tyres, with a target price of Rs 565 per share. This indicates a potential upside of 14.8%. The brokerage remains positive on the stock as it expects GST 2.0 reforms to increase demand in the auto sector in the near to medium term, with margins showing signs of recovery. It expects the firm's net profit to grow at a CAGR of 30.6% over FY26-27.

  • Vedanta falls as the Centre denies its request to extend the production sharing contract for the CB-OS/2 offshore oil and gas block in Gujarat’s Cambay basin. The company's subsidiary, Vedanta Cairn Oil and Gas, held a 40% stake in the block.

  • Tata Investment Corp rises as its board of directors approves a 1:10 stock split, sets record date as October 14.

  • Nomura retains a 'Buy' rating on Hyundai Motor India with a target price of Rs 2,846. The brokerage projects earnings per share (EPS) to grow at a 27% CAGR over FY26-28, supported by a strong model cycle, an increasing SUV mix, and a growing share of exports. It views the company as a major beneficiary of the changing dynamics in the Indian automotive sector.

  • Birla Corp's subsidiary, RCCPL, emerges as the preferred bidder for the 3.3 sq. km. Guda-Rampur Limestone & Manganese block in an auction held by the Telangana Government.

  • Rail Vikas Nigam emerges as the lowest bidder for a Rs 145.4 crore Southern Railway project. The contract includes building and setting up traction substations, integrating control systems, and installing automatic fault detectors across the Jolarpettai–Salem section.

  • Euro Pratik Sales' shares debut on the bourses at a 10.2% premium to the issue price of Rs 247. The Rs 451.3 crore IPO received bids for 1.3 times the total shares on offer.

  • S&P Global Ratings projects India will continue to be one of the fastest-growing economies in the Asia-Pacific region, maintaining a steady 6.5% growth rate in FY25–26. The agency highlights that robust domestic demand and sustained government-led investments are helping the country withstand mounting global trade pressures, including a sharp rise in US import tariffs.

  • Refex Industries surges more than 15% as its board of directors approves the merger of Refex Green Mobility with itself and the demerger of its green mobility business, Refex Mobility, from itself.

  • Acme Solar Holdings secures a Rs 1,100 crore loan from State Bank of India for its 300 MW renewable energy project in Rajasthan and to refinance existing debt.

  • Emkay Global Financial Services announces that veteran investor Kirti Doshi acquires a 21% stake in the company, investing Rs 227.5 crore through Antique Securities.

  • KEC International secures orders worth Rs 3,243 crore in its transmission & distribution business. The projects include 400 kV transmission lines in the United Arab Emirates (UAE) and supply of towers, hardware, and poles in the Americas.

  • Nifty 50 was trading at 25,227.65 (25.3, 0.1%), BSE Sensex was trading at 82,147.37 (-12.6, 0.0%), while the broader Nifty 500 was trading at 23,384.90 (3.5, 0.0%).

  • Market breadth is even. Of the 2,060 stocks traded today, 957 were gainers and 1,033 were losers.

Riding High:

Largecap and midcap gainers today include Au Small Finance Bank Ltd. (728.50, 3.2%), Thermax Ltd. (3,360, 2.8%) and Ashok Leyland Ltd. (143.20, 2.7%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (744.80, -4.6%), Adani Power Ltd. (163.90, -3.7%) and AWL Agri Business Ltd. (261.45, -3.6%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Gujarat Mineral Development Corporation Ltd. (631.20, 11.7%), KEC International Ltd. (902.50, 4.2%) and Gujarat State Petronet Ltd. (325.25, 3.9%).

R R Kabel Ltd. (1,295.70, 2.3%) was trading at 5.9 times of weekly average.

BSE 500: highs, lows and moving averages

13 stocks took off, crossing 52 week highs, while 3 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Adani Power Ltd. (163.90, -3.7%), Ashok Leyland Ltd. (143.20, 2.7%) and Bajaj Finance Ltd. (1025, 1.8%).

Stocks making new 52 weeks lows included - Praj Industries Ltd. (380.05, -0.5%) and Five-Star Business Finance Ltd. (524.20, -2.1%).

5 stocks climbed above their 200 day SMA including Gujarat State Petronet Ltd. (325.25, 3.9%) and Ola Electric Mobility Ltd. (58.70, 1.2%). 22 stocks slipped below their 200 SMA including AWL Agri Business Ltd. (261.45, -3.6%) and Coforge Ltd. (1,663.80, -3.1%).

 
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