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Trendlyne Marketwatch
18 Nov 2025, 03:55PM
Market closes lower, dragged by weakness in IT, Metal and Realty sectors
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,910.05 (-103.4, -0.4%), BSE Sensex closed at 84,673.02 (-277.9, -0.3%) while the broader Nifty 500 closed at 23,824.65 (-129.9, -0.5%). Market breadth is moving down. Of the 2,593 stocks traded today, 753 were on the uptick, and 1,811 were down.

Indian indices closed lower after extending losses in the morning session. The Indian volatility index, Nifty VIX, rose 2.6% and closed at 12.1 points. Physicswallah's shares made their debut on the bourses at a 33% premium to the issue price of Rs 109. The Rs 3,480 crore IPO received bids for 1.8 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty IT and Nifty Realty were among the top index losers today. According to Trendlyne’s sector dashboard, Diversified emerged as the worst-performing sector of the day, with a fall of 1.5%.

Asian indices closed in the red. European indices are trading lower, except for Russia’s RTSI and MOEX indices. US index futures are trading lower as investors turn cautious ahead of delayed economic releases. The Bureau of Labor Statistics said it will release the September jobs report on Thursday, followed by the real earnings report on Friday. Meanwhile, Home Depot, PDD Holdings, and Medtronic are set to report their results later today.

  • Money flow index (MFI) indicates that stocks like Kirloskar Oil Engines, Chennai Petroleum, CCL Products India, and Muthoot Finance are in the overbought zone.

  • Greaves Cotton partners with Europe’s Ligier Group to supply its 499cc diesel engines for the JS50 and Myli microcars. The engines will be used in light vehicles sold across several European markets.

  • Indian Renewable Energy Development Agency reportedly plans to raise Rs 3,000 crore through a qualified institutional placement (QIP) of equity shares.

  • Praj Industries rises as it signs a MoU with Allied Biofuels to build Central Asia’s largest ethanol-based clean-fuel refinery in Uzbekistan. The project will produce 890 tonnes of ethanol per day, which will feed into large-scale production of sustainable aviation fuel and green diesel.

  • Nomura upgrades Siemens to 'Neutral' with a higher target price of Rs 3,325. The brokerage raises its FY26–27 earnings estimates by 3%, supported by improving profitability in the mobility (MO) segment and steady order conversion across key verticals. Siemens’ order backlog stands at Rs 42,250 crore, up 6% YoY and slightly above estimates, providing strong revenue visibility.

  • Ajax Engineering's Q2FY26 revenue grows 47.7% YoY to Rs 44.8 crore, surpassing the Forecaster estimates by 28.5%. Net profit increases 15% YoY to Rs 39.1 crore during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the last quarter.

  • Bombay Burmah Trading Corp surges more than 10% as it terminates its agreement with MSTC to conduct an e-auction to sell its properties. The company cites the bidding process as unsuccessful and inconsistent with its strategies as the reason for the termination.

  • ICICI Direct retains its 'Buy' call on Ipca Laboratories, with a target price of Rs 1,660 per share. This indicates a potential upside of 15.9%. The brokerage remains positive on the stock, driven by its vertically integrated business model, strong domestic franchise, and diversified export business. It expects Ipca to deliver a net profit CAGR of 37.7% over FY26-27.

  • Jairam Sampath, CFO of Kaynes Technology, expects margins to remain strong at around 16% in FY26, helped by an improved business mix and the addition of high-margin segments. He targets $1 billion in revenue by early FY28. Sampath adds that OSAT (outsourced semiconductor assembly and test) revenue in FY27 could exceed Rs 1,000 crore, though this is lower than the earlier estimate of Rs 1,500 crore.

  • Solar Industries India, along with its subsidiaries, receives export orders worth Rs 1,400 crore from international clients to supply defence products.

  • Asian Paints' Managing Director and Chief Executive Officer, Amit Syngle, retains margin guidance at 18-20% during FY26, citing a reduction in raw material prices. He adds that this reduction will help the company to maintain its pricing strategy without needing hikes or concessions.

  • Pace Digitek secures a Rs 929.8 crore order from Maharashtra State Power Generation Co (MSPGCL) to build a 200 MWAC (megawatt alternating current) ground-mounted solar plant. The contract also covers design-to-commissioning work and three years of operations and maintenance.

  • Abhay Sol, Chairman and MD of Max Healthcare Institute, highlights plans to double bed capacity by 2030. He expects the upgraded CGHS portal to add about Rs 200 crore to annual revenue. Sol notes that Q2 profit benefited from GST cuts, while insurance and self-pay average revenue per occupied bed (ARPOB) rose 7–8% YoY. However, cash flows were soft due to delays in institutional receivables.

  • WeWork India Management rises sharply as Jefferies initiates coverage with a ‘Buy’ call and a target price of Rs 790, highlighting its lead as India’s largest flexible workspace operator. The firm plans to add 15,000–20,000 seats each year for the next three years. Jefferies also notes that WeWork India earns about twice as much per user as its listed peers and generates more revenue than it pays in rent. It says this strong gap supports faster growth and better profitability.

  • DCB Bank rises to its 52-week high of Rs 189.2 per share as Motilal Oswal retains its ‘Buy’ call with a higher target price of Rs 210. The management highlighted that net interest margins have bottomed and are likely to pick up. The brokerage notes steady loan growth, with increased focus on retail and gold lending, and believes the bank may benefit from improving margins and stronger earnings over the next few years.

  • AstraZeneca Pharma rises as it enters a partnership with Sun Pharmaceuticals to distribute and market Sodium Zirconium Cyclosilicate (SZC) in India. The drug is used to treat Hyperkalaemia and has an estimated market size of $1.3 billion as of 2024.

  • Morgan Stanley forecasts a 13% rise in the Sensex, with the index reaching 95,000 by December 2026. It notes that India’s long-term outlook is strengthening, supported by government policy measures and a cyclical recovery driven by the policy pivot. It holds an ‘overweight’ stance on consumer discretionary, industrials and financials, and ‘equalweight’ call on communication services, consumer staples and technology.

  • Physicswallah's shares debut on the bourses at a 33% premium to the issue price of Rs 109. The Rs 3,480 crore IPO received bids for 1.8 times the total shares on offer.

  • Emmvee Photovoltaic Power’s shares make a flat debut on the bourses at Rs 217. The Rs 2,900 crore IPO received bids for 1X the total shares on offer.

  • Mphasis is falling as its promoter, Blackstone, plans to sell 1.8 crore shares worth Rs 4,626 crore at a floor price of Rs 2,570 per share through BCP Topco IX.

  • Saurabh Gupta, Group CFO of Dixon Technologies, expects strong revenue growth and margin expansion by FY28. He says the company is closely monitoring smartphone demand and inventory levels, and adds that Chinese EMS players are steadily gaining share in India. Dixon has also trimmed its FY26 revenue guidance following a short-term disruption from the mid-August GST rate cut, which deferred consumer purchases and weighed on Q2 sales.

  • One97 Communications (Paytm) is falling after Elevation Capital reportedly plans to sell a 2% stake (or 1.3 crore shares) worth Rs 1,640 crore at Rs 1,281 per share.

  • Emcure Pharmaceuticals is falling sharply as Bain Capital reportedly plans to sell 38 lakh shares (or 2% stake) worth Rs 492.7 crore in the company through its subsidiary, BC Investments IV.

  • WPIL surges as its subsidiary receives an order worth Rs 426 crore from METSI KE MATLA JV for electro-mechanical and instrumentation work for the MCWAP2 water project of the Trans Caledon Tunnel Authority.

  • JSW Infrastructure rises as its arm enters a share subscription and purchase agreement (SSPA) with Minerals Development Oman (MDO) and South Minerals Port Co to acquire a 51% stake in Port Special Purpose Vehicle (SPV). The company plans to build and operate a port at a capex of Rs $419 million (~Rs 3,716 crore) through the SPV.

  • Nifty 50 was trading at 25,951.45 (-62, -0.2%), BSE Sensex was trading at 85,042.37 (91.4, 0.1%), while the broader Nifty 500 was trading at 23,890.80 (-63.8, -0.3%).

  • Market breadth is in the red. Of the 2,110 stocks traded today, 835 showed gains, and 1,194 showed losses.

Riding High:

Largecap and midcap gainers today include GMR Airports Ltd. (103.72, 6.2%), Mahindra & Mahindra Financial Services Ltd. (322.90, 2.8%) and Bharti Hexacom Ltd. (1,829.30, 2.5%).

Downers:

Largecap and midcap losers today include Cummins India Ltd. (4,252.40, -2.9%), Ipca Laboratories Ltd. (1,422.90, -2.9%) and SBI Cards and Payment Services Ltd. (867.35, -2.5%).

Movers and Shakers

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

Top high volume gainers on BSE included Bombay Burmah Trading Corporation Ltd. (2,022.70, 9.8%), GMR Airports Ltd. (103.72, 6.2%) and Sapphire Foods India Ltd. (262.15, 4.3%).

Top high volume losers on BSE were Kaynes Technology India Ltd. (5,889, -5.6%), International Gemmological Institute (India) Ltd. (320.60, -5.1%) and One97 Communications Ltd. (1,295.50, -2.8%).

Akzo Nobel India Ltd. (3,381.70, 1.6%) was trading at 36.3 times of weekly average. Sundram Fasteners Ltd. (984.75, 2.5%) and Aster DM Healthcare Ltd. (681.05, 0.3%) were trading with volumes 12.2 and 9.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks overperformed with 52 week highs, while 6 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bharti Airtel Ltd. (2,149.20, 1.8%), Biocon Ltd. (421.60, 0.2%) and Can Fin Homes Ltd. (906.80, 1.6%).

Stocks making new 52 weeks lows included - Bata India Ltd. (1,014.80, 0.0%) and SKF India Ltd. (1,976.80, -4.1%).

8 stocks climbed above their 200 day SMA including Bombay Burmah Trading Corporation Ltd. (2,022.70, 9.8%) and Sundram Fasteners Ltd. (984.75, 2.5%). 14 stocks slipped below their 200 SMA including Alembic Pharmaceuticals Ltd. (913.55, -3.7%) and Star Cement Ltd. (229.45, -2.5%).

 
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