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Trendlyne Marketwatch
09 Oct 2025, 04:08PM
Market closes higher, L&T bags an order worth over Rs 15,000 crore
By Trendlyne Analysis

 

Nifty 50 closed at 25,181.80 (135.7, 0.5%), BSE Sensex closed at 82,172.10 (398.4, 0.5%) while the broader Nifty 500 closed at 23,241.75 (132.4, 0.6%). Market breadth is in the red. Of the 2,580 stocks traded today, 1,205 showed gains, and 1,329 showed losses.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 1.9% and closed at 10.1 points. Lupin closed 2.6% in the green as it plans to set up a respiratory medicines manufacturing plant in Florida, US, with a capex of $250 million (~Rs 2,219.3 crore) over five years.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Metal and Nifty Capital Markets were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Metals & Mining emerged as the highest-performing sector of the day, with a rise of 2.3%.

European indices are trading mixed. Major Asian indices closed higher, except Sri Lanka’s CSE All-Share index, which closed flat. US index futures are trading mixed, indicating a cautious start to the session. Meanwhile, Delta Air Lines, PepsiCo and Levi Strauss are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like Netweb Technologies, Muthoot Finance, Hindustan Copper, and ITI are in the overbought zone.

  • Motilal Oswal retains its 'Neutral' call on SBI Cards and Payment Services, but lowers the target price to Rs 950 per share. This indicates a potential upside of 3.3%. The brokerage anticipates higher credit costs in the near term, but adds that rate cuts by the RBI will lower the cost of funds and drive profitability. It expects the firm to deliver an NII CAGR of 16.6% over FY26-27.

  • KPI Green Energy’s subsidiary, Sun Drops Energia, receives a Letter of Award (LoA) to develop a 100 megawatt solar power project. The order covers supply, installation, and operations & maintenance (O&M) for the entire duration of the project.

  • Info Edge (India)'s standalone billings grow 12.1% YoY to Rs 729 crore during Q2FY26, driven by recruitment solutions and real estate segments rising 10.8% YoY and 14% YoY, respectively.

  • Antique Stock Broking initiates coverage on Precision Wires India with a 'Buy' rating and a target price of Rs 281. The brokerage believes the company is well-positioned to benefit from rising demand in power transmission, renewables, railway electrification, data centres, and EVs. It notes PWIL has secured approvals from top EV, hybrid vehicle, and global compressor makers, boosting its presence in high-growth segments.

  • SpiceJet surges as it expands its domestic network for the winter season, launching daily flights to Port Blair and new non-stop flights to Udaipur from November 6. The expansion includes fleet growth, higher daily flights, and additional seasonal routes.

  • GM Breweries surges more than 10% as its Q2FY26 net profit jumps 61% YoY to Rs 34.9 crore, helped by lower inventory and depreciation & amortisation expenses. Revenue grows 20.4% YoY to Rs 720.9 crore during the quarter. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Panacea Biotec secures an order worth Rs 127.2 crore from the Central Medical Services Society (CMSS), Government of India, to supply bivalent oral polio vaccine.

  • Nifty Pharma rises after reports suggest the Trump administration may refrain from imposing tariffs on generic drug imports. The US Commerce Department is scaling back its tariff investigation, though the decision is not final and could change in the coming weeks.

  • Tata Steel is rising as its delivery volumes grow 7% YoY to 5.6 million tonnes in Q2FY26, driven by strong consumer demand. Production volumes increase by 7% YoY to 5.7 million tonnes, driven by the completion of the relining of the G Blast furnace in Jamshedpur. Meanwhile, the European Commission reportedly proposes cutting tariff-free steel import quotas by 50%, plans to add a 50% duty for excess imports.

  • EPL's Managing Director (MD) Anand Kripalu retires, effective December 31. The board appoints Hemant Bakshi as the new MD for five years.

  • Container Corp of India rises as its total volume grows 10.5% YoY to 14.4 lakh twenty-foot equivalent units (TEUs) in Q2FY26. Export-import volumes are up 8.7%, while domestic volume increases 16.7% YoY.

  • According to Prime Database, FPIs pull out Rs 14,124 crore from Indian equities in the second half of September, with healthcare, IT, and consumer durables seeing the biggest outflows. Analysts attribute the sell-off to US policy changes, including higher H-1B visa fees and new restrictions, raising concerns over India's IT delivery model. While pharma fundamentals remain strong, large-cap valuations appear stretched.

  • Larsen & Toubro is rising as its hydrocarbon onshore business bags an order worth more than Rs 15,000 crore in a consortium with Consolidated Contractors Group SAL to set up a natural gas liquids (NGL) plant and allied facilities in the Middle East.

  • Garuda Construction and Engineering surges as it receives orders worth Rs 144 crore from Orbit Ventures Developers for civil work on the “Shikhar-B” redevelopment project in Oshiwara, Mumbai.

  • Sun Pharmaceutical Industries receives approval from the National Company Law Tribunal (NCLT) to merge five subsidiaries with itself. The subsidiaries include Sun Pharmaceutical Medicare, Green Eco Development Centre, Faststone Mercantile, Realstone Multitrade, and Skisen Labs.

  • JM Financial initiates coverage on Niva Bupa Health with an 'Add' rating and a target price of Rs 88. The brokerage notes that the health insurance industry is growing at a high-teens rate. It highlights subdued growth in H2FY25 due to premium amortisation, but expects a recovery from H2FY26. JM Financial sees strong distribution and scale advantages, but also flags risks like elevated claims and margin pressures.

  • Saatvik Green Energy surges to its all-time high of Rs 551.7 as its Q1FY26 net profit jumps 5.6x YoY to Rs 118.8 crore, helped by lower inventory expenses. Revenue grows 3.6x YoY to Rs 919.7 crore, driven by a strong order book and execution. It features in a screener of stocks with reducing debt.

  • GR Infraprojects is rising as it bags an engineering, procurement and construction order worth Rs 290.2 crore from the State Highways Authority of Jharkhand to construct the 26.7 km Giridh bypass.

  • Prestige Estates Projects is rising as its sales surge 50% YoY to Rs 6,017.3 crore in Q2FY26. Collections for the quarter increase by 54% YoY to Rs 4,212.8 crore. The company adds four new residential projects with a gross development value (GDV) of Rs 3,966.9 crore during the quarter across NCR and Bengaluru.

  • Citi maintains a 'Buy' rating on Eternal with a higher target price of Rs 395. The brokerage highlights strong growth momentum and market leadership in Blinkit’s quick commerce business. It notes that Blinkit’s focus on user acquisition, rapid dark store expansion, and entry into new cities is boosting both growth and margins. Citi has sharply raised its estimates, projecting 123% growth in gross order value (GOV) for FY26.

  • Lupin is rising sharply as it plans to set up a respiratory medicines manufacturing plant in Florida, US, with a capex of $250 million (~Rs 2,219.3 crore) over five years.

  • Senco Gold's revenue grows 6.5% YoY during Q2FY26. The company adds five new stores, taking the total store count to 184.

  • Escorts Kubota is rising as it plans to invest up to Rs 2,000 crore by 2031 in its existing manufacturing and research & development facilities in Haryana, focusing on the agriculture and construction equipment sectors.

  • HFCL is rising as it secures an export order worth approximately $34.2 million (Rs 303.4 crore) from an international customer to supply optical fibre cables.

  • Nifty 50 was trading at 25,058.95 (12.8, 0.1%), BSE Sensex was trading at 81,900 (126.3, 0.2%), while the broader Nifty 500 was trading at 23,124.10 (14.8, 0.1%).

  • Market breadth is in the green. Of the 2,095 stocks traded today, 1,093 were in the positive territory and 937 were negative.

Riding High:

Largecap and midcap gainers today include Sona BLW Precision Forgings Ltd. (429.45, 6.0%), Aurobindo Pharma Ltd. (1,119.90, 4.6%) and Prestige Estates Projects Ltd. (1,582.90, 4.6%).

Downers:

Largecap and midcap losers today include UNO Minda Ltd. (1,260, -3.9%), Hyundai Motor India Ltd. (2,408.80, -2.6%) and PB Fintech Ltd. (1,735.70, -1.6%).

Movers and Shakers

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

Top high volume gainers on BSE included Usha Martin Ltd. (481.60, 8.0%), PG Electroplast Ltd. (553.15, 7.5%) and Hindustan Copper Ltd. (364.15, 6.4%).

Top high volume losers on BSE were Procter & Gamble Health Ltd. (6,100, -2.2%), V-Guard Industries Ltd. (350.45, -1.6%) and Info Edge (India) Ltd. (1,346.50, -1.5%).

G R Infraprojects Ltd. (1,289, 3.6%) was trading at 32.1 times of weekly average. Garware Technical Fibres Ltd. (750, 0.1%) and Hatsun Agro Products Ltd. (888.80, -1.2%) were trading with volumes 10.7 and 9.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks hit their 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Fortis Healthcare Ltd. (1,068.85, 1.3%), Hindustan Copper Ltd. (364.15, 6.4%) and JSW Steel Ltd. (1,175.20, 2.6%).

Stocks making new 52 weeks lows included - United Breweries Ltd. (1,764.80, 1.1%) and Crompton Greaves Consumer Electricals Ltd. (284.55, -0.5%).

13 stocks climbed above their 200 day SMA including Lloyds Metals & Energy Ltd. (1,350.10, 4.2%) and Bandhan Bank Ltd. (163.30, 1.6%). 19 stocks slipped below their 200 SMA including DOMS Industries Ltd. (2,556, -1.6%) and PB Fintech Ltd. (1,735.70, -1.6%).

 
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