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Trendlyne Marketwatch
27 Nov 2025, 03:55PM
Market closes flat amid profit booking after touching all-time highs
By Trendlyne Analysis

 

Nifty 50 closed at 26,215.55 (10.3, 0.0%) , BSE Sensex closed at 85,720.38 (110.9, 0.1%) while the broader Nifty 500 closed at 23,947.75 (-7.5, 0.0%). Market breadth is in the red. Of the 2,590 stocks traded today, 1,146 were in the positive territory and 1,386 were negative.

Indian indices closed flat due to profit booking after touching all-time highs. The Indian volatility index, Nifty VIX, fell 1.5% and closed at 11.8 points. The IMF said India would grow 6.6% in FY26, supported by GST reforms despite US tariffs, and added that new trade deals and faster domestic reforms could lift exports, investment, and jobs.

Nifty Smallcap 100 closed lower, while Nifty Midcap 100 closed flat. Nifty Oil & Gas and Nifty Realty were among the top index losers today. According to Trendlyne’s sector dashboard, Commercial Services & Supplies emerged as the worst-performing sector of the day, with a fall of 1.3%.

Asian indices closed mixed. European indices are trading lower, except for Germany’s DAX. US index futures are trading flat. The US markets will remain closed on Thursday for Thanksgiving Day and will open for a shortened session on Friday. Meanwhile, AXIA Energia, LG Display, and New Fortress Energy are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like GMR Airport, Federal Bank, Shriram Finance, and Hero MotoCorp are in the overbought zone.

  • One97 Communications’ (Paytm) arm, Paytm Payments Services, gets final RBI approval to operate as a payment aggregator. The authorisation allows the subsidiary to onboard merchants and facilitate online transactions.

  • India Glycols' board of directors allots 51 lakh shares worth Rs 467 crore on a preferential basis at an issue price of Rs 915 per share.

  • NACL Industries is rising as its board of directors schedules a meeting on December 1 to consider a proposal to raise funds by issuing securities through a rights issue, qualified institutional placement, or other modes.

  • Gyanesh Chaudhary, MD & CEO of Vikram Solar, says the company is adding 5 GW of capacity at its Vallam plant, targeting 13 GW next year and 17.5 GW by FY27. He expects scaled efficiency early in Q4. Chaudhary adds that the PLI scheme will provide Rs 528.54 crore in benefits for the new plant, supporting domestic solar manufacturing as India adds 44.2 GW of capacity in 2025.

  • Ashiana Housing plans to invest Rs 750 crore in a new residential project in Gurugram, featuring 542 units across six towers. The project will be funded through internal accruals, International Finance Corp (IFC) support, customer advances, and ICICI Pru NCD-backed financing.

  • ICICI Direct maintains its 'Buy' call on KPIT Technologies, with a target price of Rs 1,400 per share. This indicates a potential upside of 15.4%. The brokerage believes that the Caresoft acquisition, investment in helm.ai, entry in the micromobility & industrial verticals, and a strong deal pipeline will drive long-term revenue momentum. It expects the firm's revenue to grow at a CAGR of 12.3% over FY26-28.

  • Indo Tech Transformers rises as it secures a Rs 91.3 crore order to supply 11 transformers to Four EF Constructions for NTPC projects. The company will deliver all units between August and October 2026.

  • Chief Economic Advisor V Anantha Nageswaran says India is on track to cross the $4 trillion GDP mark this financial year, noting that the economy has already surpassed the $3.9 trillion level as of March 2025. He notes that sustained growth is crucial amid global geopolitical shifts, with India’s expanding economic size expected to play a key role in shaping its international influence.

  • Juniper Hotels' board of directors approves the corporate insolvency resolution process (CIRP) for Gstaad Hotels. The company plans to acquire Gstaad's assets from its Committee of Creditors (CoC) for a claim of Rs 1,175 crore.

  • Studds Accessories' Q2FY26 net profit jumps 17.9% YoY to Rs 20.6 crore, helped by lower raw materials, finance, and depreciation & amortisation expenses. Revenue grows 6.3% YoY to Rs 157.3 crore during the quarter. It features in a screener of stocks with improving RoE over the past two years.

  • Kesar India acquires 24,256 sq. meters of land in Hingna, Nagpur, with a 1.5 million sq. ft. development area and a revenue potential of Rs 900 crore.

  • The IMF projects India’s economy to grow 6.6% in FY26, supported by GST reforms that help cushion the impact of prolonged 50% US tariffs, and expects resilient growth despite external pressures. It adds that new trade deals and quicker domestic structural reforms could further lift exports, private investment, and jobs.

  • Indian Hume Pipes is rising as it sells 15,310.8 sq. meters of land at Azamabad Industrial Area, Hyderabad, to Ashoka Builders for Rs 174 crore.

  • Axis Direct retains its 'Buy' call on NLC India, with a target price of Rs 310 per share. This indicates a potential upside of 25%. The brokerage remains positive on the stock, given its expansion in the thermal and renewable energy segments. It expects the company to deliver a revenue CAGR of 13.7% over FY26-28.

  • Ashok Leyland surges to its all-time high of Rs 157.5 per share as its board of directors approves the merger of its subsidiary, Hinduja Leyland Finance, into NDL Ventures. As per the scheme of the merger, Hinduja's shareholders will receive 25 shares of NDL for every 10 shares held in the company.

  • Anil Gupta, CMD of KEI Industries, says copper price volatility is routine and typically passed on to consumers. He sees a short-term impact from the price volatility. As of Q2FY26, 73% of the company’s order book comes from the cable business across domestic and export markets. Gupta adds that commercial production at Sanand Phase 1 will begin in the first week of December, with over half of the projects set for commissioning next month.

  • Jammu & Kashmir Bank rises as its board of directors approves raising Rs 750 crore through a qualified institutional placement (QIP) of equity shares.

  • CarTrade Tech is falling as it calls off its proposed deal with Girnar Software to acquire CarDekho and BikeDekho.

  • Sterling and Wilson Renewable Energy is rising as it secures an order worth $147 million (~Rs 1,313 crore) to build a 240 MW AC solar power project in South Africa, including design, engineering, procurement, and construction services.

  • Goldman Sachs retains a 'Buy' rating on Emami with a target price of Rs 825. The brokerage says Emami’s growth and valuations look out of sync, as earnings volatility is overshadowing its stable growth trajectory and pressuring valuations. It expects a strong rebound over the next four quarters but warns of downside risks from intense competition, unfavourable weather, and heavy reliance on niche categories.

  • Patel Engineering surges as it bags two letters of intent (LoIs) worth Rs 798.2 crore from Saidax Engineers and Infrastructures for coal excavation and transportation at Jhiria West open cast project (OCP), Bilaspur.

  • Whirlpool of India plunges more than 10% as its promoter, Whirlpool Mauritius, reportedly plans to sell 95 lakh shares (~7.5% stake) worth Rs 978.5 crore at a floor price of Rs 1,030 per share.

  • Ashoka Buildcon is rising as its subsidiary, Ashoka Concessions, sells five special purpose vehicles (SPVs) to Maple Infrastructure Trust for Rs 1,814.4 crore.

  • Asian Paints' step-down subsidiary, Berger Paints Emirates, plans to set up a new 55,800 kilolitre (KL) paint manufacturing facility in the United Arab Emirates (UAE), with an investment of AED 140 million (~Rs 340 crore).

  • Nifty 50 was trading at 26,251.95 (46.7, 0.2%), BSE Sensex was trading at 85,748.26 (138.8, 0.2%), while the broader Nifty 500 was trading at 24,008 (52.8, 0.2%).

  • Market breadth is overwhelmingly positive. Of the 2,082 stocks traded today, 1,504 were in the positive territory and 510 were negative.

Riding High:

Largecap and midcap gainers today include Ashok Leyland Ltd. (159.75, 7.3%), Escorts Kubota Ltd. (3,847.80, 4.4%) and Mahindra & Mahindra Financial Services Ltd. (363.65, 3.9%).

Downers:

Largecap and midcap losers today include Bajaj Holdings & Investment Ltd. (11,246, -4.2%), Eicher Motors Ltd. (6,999, -2.8%) and Adani Enterprises Ltd. (2,255, -2.6%).

Volume Rockets

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

Top high volume gainers on BSE included Ashok Leyland Ltd. (159.75, 7.3%), Gujarat Mineral Development Corporation Ltd. (553.15, 4.7%) and Tejas Networks Ltd. (503.80, 4.6%).

Top high volume losers on BSE were Whirlpool of India Ltd. (1,063.80, -11.4%), Cholamandalam Financial Holdings Ltd. (1,800.70, -2.7%) and Devyani International Ltd. (136.33, -2.1%).

Gillette India Ltd. (8,763, 4.0%) was trading at 14.6 times of weekly average. Bayer Cropscience Ltd. (4,572.40, -0.3%) and Tata Teleservices (Maharashtra) Ltd. (52.94, 4.2%) were trading with volumes 11.3 and 8.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Ashok Leyland Ltd. (159.75, 7.3%), Axis Bank Ltd. (1,287.30, -0.2%) and Bharat Heavy Electricals Ltd. (290.85, 0.4%).

Stocks making new 52 weeks lows included - SKF India Ltd. (1,938.50, -0.6%) and Deepak Nitrite Ltd. (1,559.60, -0.6%).

20 stocks climbed above their 200 day SMA including Chalet Hotels Ltd. (896.05, 2.2%) and ICICI Bank Ltd. (1,392.20, 1.3%). 13 stocks slipped below their 200 SMA including Cholamandalam Financial Holdings Ltd. (1800.70, -2.7%) and General Insurance Corporation of India (384.75, -2.0%).

 
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