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Trendlyne Marketwatch
30 Sep 2025, 04:00PM
Market closes flat, Blue Dart Express to raise shipment rates by 9-12%
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,611.10 (-23.8, -0.1%), BSE Sensex closed at 80,267.62 (-97.3, -0.1%) while the broader Nifty 500 closed at 22,734.10 (-5, 0.0%). Market breadth is in the red. Of the 2,544 stocks traded today, 1,162 were in the positive territory and 1,340 were negative.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, declined 2.6% and closed at 11.1 points. Hero MotoCorp closed 3.3% higher as BNP Paribas Financial Markets bought 19.5 lakh shares (or a 1% stake) in the company for Rs 1,035 crore in a bulk deal.

Nifty Midcap 100 & Nifty Smallcap 100 closed flat, following the benchmark index. Nifty PSU Bank and Nifty Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Forest Materials emerged as the best-performing sector of the day, with a rise of 2.3%.

Asian indices closed mixed, while European indices are trading in the red. US index futures traded in the red indicating a cautious start to the trading session. The US Labor and Commerce Departments stated that their statistical agencies would suspend economic data releases if a partial government shutdown occurs, including the closely watched September jobs report. Economists expect the US to add 51,000 jobs in September, up from 22,000 in August, while the unemployment rate is projected to hold steady at 4.3%.

  • Relative strength index (RSI) indicates that stocks like Usha Martin, Anant Raj, NLC, and Hindustan Petroleum are in the overbought zone.

  • BNP Paribas Financial Markets sells 79.3 lakh shares (or a 1.1% stake) in Max Healthcare Institute for Rs 882 crore at an average price of Rs 1,111 per share in a bulk deal.

  • Sharekhan retains its 'Buy' call on Maruti Suzuki, with a higher target price of Rs 18,400 per share. This indicates a potential upside of 14.8%. The brokerage anticipates improved volumes, driven by GST rate cuts, festive demand, and new launches. It expects the firm's revenue to grow at a CAGR of 14% over FY26-28.

  • Union Bank of India is rising as the government appoints Asheesh Pandey as Managing Director (MD) and Chief Executive Officer (CEO) for three years.

  • Mahesh Babu Subramanian, MD of Olectra Greentech, highlights the company's target to deliver 3,000 buses over the next 12 months and scale up manufacturing capacity to 10,000 buses. He adds that Phase I of the new plant is operational, with the ability to produce up to 2,500 buses in a single shift. Subramanian also notes that the bus manufacturing industry is growing at a healthy pace.

  • Jindal Steel is rising as it sets up a 3 million tonnes per annum (MTPA) basic oxygen furnace (BOF) at Angul, taking the total steel capacity to 9 MTPA. This move comes as part of the company's plans to achieve 12 MTPA capacity in FY26.

  • Bharat Heavy Electricals is rising as it secures an order worth Rs 13,000-15,000 crore from M.P. Power Generating Co (MPPGCL) for engineering, procurement, and construction of two 660 MW supercritical thermal power plants in Madhya Pradesh.

  • Hero MotoCorp is rising as BNP Paribas Financial Markets buys 19.5 lakh shares (or a 1% stake) in the company for Rs 1,035 crore at an average price of Rs 5,302.9 per share in a bulk deal.

  • The Asian Development Bank, in its Asian Development Outlook, forecasts India’s GDP to grow at 6.5% in FY26, down from a strong 7.8% in Q1, citing the impact of US tariffs on exports. The slowdown is expected to continue in the second half, as weaker exports weigh on growth in FY26 and FY27. However, the impact could be limited by India’s low export-to-GDP ratio, strong trade with other markets, resilient services exports, and policy support.

  • Hindustan Copper rises after Chairman and MD Sanjeev Singh highlights that copper demand from AI-driven data centres is becoming a major driver, supporting prices. He adds that the company plans to triple mining capacity to 12 million tonnes by FY31 with a Rs 2,000 crore capex.

  • Religare Enterprises rises as its board of directors approves a Rs 256.1 crore investment in its subsidiary, Care Health Insurance, through a rights issue of 1.7 crore shares.

  • Camlin Fine Sciences' board of directors approves the allotment of 41.1 lakh shares worth Rs 101.7 crore for Rs 247.7 per share. The company will use the proceeds from this allotment for the acquisition of the French company, Vinpai.

  • Jefferies downgrades Welspun Living to a 'Hold' rating with a target price of Rs 120. The brokerage highlights short-term challenges due to the 50% US tariff imposed in August. This has caused a 15–20% drop in US revenues and squeezed profitability, with Welspun absorbing 25% of the tariff burden. However, management remains confident of a recovery once the tariff impact is lifted and is implementing several cost-cutting measures.

  • Jaro Institute of Technology Management and Research’s shares make a flat debut on the bourses at Rs 890. The Rs 450 crore IPO received bids for 22.1 times the total shares on offer.

  • Seshaasai Technologies' shares debut on the bourses at a 2.1% premium to the issue price of Rs 423. The Rs 813.1 crore IPO received bids for 68.1 times the total shares on offer.

  • Solarworld Energy Solutions' shares debut on the bourses at a 10.7% premium to the issue price of Rs 351. The Rs 490 crore IPO received bids for 65 times the total shares on offer.

  • PVR INOX declines over 2% after US President Donald Trump reiterates his threat to impose a 100% tariff on all non-US films. Indian films earn significant revenue from the US box office and OTT platforms, and such a tariff could hurt these earnings. Multiplex footfalls may also drop if international releases or collaborations decline.

  • Anand Rathi Share & Stock Brokers' shares debut on the bourses at a 4.3% premium to the issue price of Rs 414. The Rs 745 crore IPO received bids for 20.7 times the total shares on offer.

  • DCX Systems is rising as it bags orders worth Rs 49.9 crore from domestic and international customers to manufacture and supply electronic module assemblies and cable & wire harness assemblies.

  • Coforge rises sharply as CLSA initiates coverage on the stock with an 'Outperform' call and a target price of Rs 2,346 per share. This indicates a potential upside of 46%. The brokerage believes that the company is well-positioned for healthy growth, driven by its strong order book. It expects the firm to deliver a revenue CAGR of 15% over FY26-28.

  • Nomura maintains a 'Buy' rating on Hindustan Unilever with a target price of Rs 2,900. The brokerage notes stable demand for HUL in July–August with 3–4% YoY growth, but September saw an 8–10% decline amid temporary purchase delays. It anticipates recovery from November as prices stabilise. HUL considers this as a one-off impact and expects GST reforms to boost long-term consumption, benefiting 40% of its portfolio.

  • Man Industries plunges more than 10% as the Securities and Exchange Board of India (SEBI) bans the company and its three senior executives from trading securities for two years. The ban includes the company's Chairman & Director, Ramesh Mansukhani, Managing Director, Nikhil Mansukhani, and former Chief Financial Officer, Ashok Gupta.

  • Bank of Maharashtra is rising as it lowers its one-year marginal cost of lending rate (MCLR) by 5 bps, effective September 30.

  • Blue Dart Express surges as it announces a 9-12% hike in average shipment prices, based on product type and customer profile. The new rates will take effect on January 1, 2026.

  • BEML's board of directors approves a stock split in the ratio of 1:2, sets record date as November 3.

  • Nifty 50 was trading at 24,709.45 (74.6, 0.3%), BSE Sensex was trading at 80,541.77 (176.8, 0.2%), while the broader Nifty 500 was trading at 22,798.20 (59.1, 0.3%).

  • Market breadth is in the green. Of the 2,023 stocks traded today, 1,277 were in the positive territory and 663 were negative.

Riding High:

Largecap and midcap gainers today include Bank of India (123.41, 3.9%), Indian Bank (750.70, 3.6%) and Hindustan Zinc Ltd. (482.45, 3.5%).

Downers:

Largecap and midcap losers today include Hitachi Energy India Ltd. (18,001, -6.5%), Patanjali Foods Ltd. (575.80, -3.6%) and Lloyds Metals & Energy Ltd. (1,225, -2.5%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included National Aluminium Company Ltd. (213.87, 4.9%), Jammu & Kashmir Bank Ltd. (105.03, 4.6%) and Century Plyboards (India) Ltd. (813.10, 3.4%).

Top high volume losers on BSE were KPIT Technologies Ltd. (1,097.70, -9.3%), JSW Holdings Ltd. (16,309, -5%) and Garware Technical Fibres Ltd. (743.10, -3.5%).

Blue Dart Express Ltd. (5,703, 2.2%) was trading at 71.4 times of weekly average. Hatsun Agro Products Ltd. (912.80, 0.2%) and Grindwell Norton Ltd. (1,588.20, 2.4%) were trading with volumes 10.4 and 8.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks took off, crossing 52 week highs, while 5 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Indian Bank (750.70, 3.6%), Muthoot Finance Ltd. (3,077.10, 0.4%) and Tata Investment Corporation Ltd. (10,330.50, 16.8%).

Stocks making new 52 weeks lows included - Tata Consultancy Services Ltd. (2,888.40, -0.3%) and Crompton Greaves Consumer Electricals Ltd. (291.30, -0.8%).

26 stocks climbed above their 200 day SMA including KEC International Ltd. (872.95, 4.9%) and Jammu & Kashmir Bank Ltd. (105.03, 4.6%). 19 stocks slipped below their 200 SMA including Vinati Organics Ltd. (1,736, -2.9%) and JBM Auto Ltd. (670.25, -1.2%).

 
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