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Trendlyne Marketwatch
08 Dec 2025
Indian indices close lower, dragged by a weak Indian rupee and foreign investor outflows
By Trendlyne Analysis

 

Nifty 50 closed at 25,960.55 (-225.9, -0.9%), BSE Sensex closed at 85,102.69 (-609.7, -0.7%) while the broader Nifty 500 closed at 23,526.20 (-309.1, -1.3%). Market breadth is sharply down. Of the 2,633 stocks traded today, 404 were on the uptick, and 2,186 were down.

Indian indices closed lower, dragged by the continued weakness of the Indian rupee against the US dollar and foreign investor outflows. The Indian volatility index, Nifty VIX, closed 7.9% higher at 11.1 points. Dynamatic Technologies closed 7.3% higher after signing an agreement with Dassault Aviation to manufacture and assemble the complete rear fuselage of the Falcon 6X business jet.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. S&P BSE Services and Nifty India Defence were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Transportation emerged as the lowest-performing sector of the day, with a fall of 3.2%.

European indices are trading flat or higher, except Portugal’s PSI index, which closed lower. Major Asian indices closed with varied trends. US index futures are trading higher, signalling a positive start to the session as investors anticipate a US Fed rate cut on Wednesday. Brent crude futures are trading lower after rising 0.8% on Friday.

  • Money flow index (MFI) indicates that stocks like Brainbees Solutions, Jupiter Wagons and Ola Electric are in the oversold zone.

  • PB Fintech rises as Singapore-based MacRitchie Investments agrees to acquire 3 crore shares (6.5% stake) in the company.

  • Cochin Shipyard secures a letter of intent (LoI) worth Rs 250-500 crore from Denmark's Svitzer to construct four 70-tonne TRAnsverse 2600E bollard pull tugs.

  • Niva Bupa Health Insurance surges as its November premiums reportedly grow 47.1% YoY to Rs 738 crore.

  • Tata Consumer Products (TCPL) is reportedly in advanced talks to acquire Danone SA’s nutraceuticals and specialised nutrition portfolio in India. The deal would give TCPL a strategic entry into the value-added nutrition space. Danone India generates most of its revenue from this segment, driven by brands like Farex, Dexolac, and Protinex in infant nutrition and adult protein supplements.

  • Thirumalai Chemicals is falling sharply as it extends the Maleic Anhydride plant shutdown due to machinery failure. The company expects a revenue hit of Rs 235 crore in FY26.

  • SPML Infra rises as it wins a Rs 207.4 crore project from the Public Health Engineering Department (PHED), Jhalawar. The contract includes building intake wells, water treatment facilities, clear water reservoirs, and ten years of operations and maintenance.

  • Dr. Reddy's Laboratories enters an agreement with Immutep SAS to develop and market cancer therapy drug, Eftilagimod Alfa, in all countries outside North America, Europe, Japan, and China. Dr Reddy's will pay Immutep $20 million (~Rs 180.3 crore) and potential regulatory development and commercial milestone payments of $349.5 million (~Rs 3,150.9 crore).

  • Irfan Razack, MD of Prestige Group, says a 25 bps rate cut could boost the economy and further drive home purchases. He sees data centres as a major upcoming opportunity, though Prestige plans to focus on land leasing rather than operating them. Razack is optimistic about the hotel sector and believes its strongest phase is yet to come. He adds that strong cash flows will support land investments and the expansion of the residential portfolio.

  • Reliance Power is falling sharply as the Enforcement Directorate (ED) reportedly files a supplementary prosecution complaint against the company and its subsidiaries. The complaint alleges that the company used a fake bank guarantee to secure a government tender.

  • Dynamatic Technologies rises sharply as it signs an agreement with French aerospace firm Dassault Aviation to manufacture and assemble the complete rear fuselage of the Falcon 6X business jet.

  • Transrail Lighting secures international orders worth Rs 822 crore, including a turnkey engineering, procurement & construction (EPC) contract of a 400 kV transmission line in the GCC region. Other orders are in the civil and poles & lighting businesses.

  • Ramesh Swaminathan, Executive Director and Global CFO of Lupin, highlights plans to scale up its specialty business as it looks beyond generics. Lupin sees growth opportunities across the US, Europe, and emerging markets. Speciality products currently generate about $80 million in revenue, set to rise as the ophthalmology portfolio expands. The VISUfarma acquisition, expected to close in December, should further boost growth.

  • Quess Corp plunges to its 5-year low of Rs 197.3 as its board of directors appoints President Lohit Bhatia as the Chief Executive Officer (CEO), succeeding Guruprasad Srinivasan, effective January 1.

  • GR Infraprojects secures an engineering, procurement & construction (EPC) contract worth Rs 290.2 crore from the State Highway Authority of Jharkhand to construct 26.7 km of Giridh Bypass road.

  • Eternal is falling as 5.3 crore shares (0.5% stake), worth Rs 1,535 crore, reportedly change hands in a block deal at an average price of Rs 290.4 per share.

  • According to the Federation of Automobile Dealers Associations (FADA), India’s auto sales rise 2.1% YoY to 33 lakh units in November, driven by sustained consumer interest beyond the festive season. Passenger vehicle (PV) sales grow 19.7% to 3.9 lakh units, while commercial vehicle (CV) sales edge up 19.9% to 94,935 units.

  • IOL Chemicals & Pharma receives approval from the European Directorate for the Quality of Medicines & Healthcare (EDQM) for its active pharmaceutical ingredient (API), Minoxidil. The drug is used to treat hereditary hair loss and has an estimated global market size of $1.6 billion as of 2024.

  • Bank of India lowers its Repo Based Lending Rate (RBLR) by 25 bps to 8.1%, following the RBI’s decision to cut the benchmark repo rate, effective December 5.

  • Shriram Finance's board of directors appoints Parag Sharma as the Managing Director (MD) & Chief Executive Officer (CEO), effective December 5, succeeding YS Chakravarti.

  • Goldman Sachs remains bullish on healthcare services, expecting India’s major hospital chains to add over 17,000 beds by FY30 without risking oversupply, as demand remains high in many regions. The brokerage assigns ‘Buy’ ratings on KIMS, Max Healthcare, and Apollo Hospitals. However, it also flags potential risks related to hospital-insurance pricing and talent retention.

  • Ashoka Buildcon is rising sharply as it bags an order worth Rs 447.2 crore from the Brihanmumbai Municipal Corp (BMC) to construct a flyover in Sion, Mumbai.

  • Biocon's board of directors approves acquiring the remaining holding in Biocon Biologics from Mylan, Serum Institute, Tata Capital Growth Fund II, and Activ Pine. Biocon will issue a 70.3:100 share swap with Serum Institute, Tata Capital Growth Fund II, and Activ Pine and offer a cash consideration worth $815 million (~Rs 7,340.9 crore) to Mylan. The board also approves a Rs 4,500 qualified institutional placement (QIP) in multiple tranches, to be used for the acquisition.

  • MTAR Technologies is rising as it receives an order worth Rs 194 crore from Megha Engineering & Infrastructures (MEIL) to supply end fittings and associated components for the civil nuclear power sector.

  • HFCL is rising as it secures an export order worth $73 million (around Rs 656.1 crore) from an international customer to supply optical fibre cables.

  • Nifty 50 was trading at 26,159.70 (-26.8, -0.1%), BSE Sensex was trading at 85,624.84 (-87.5, -0.1%), while the broader Nifty 500 was trading at 23,807.90 (-27.4, -0.1%).

  • Market breadth is in the red. Of the 2,137 stocks traded today, 844 were on the uptrend, and 1,213 went down.

Riding High:

Largecap and midcap gainers today include Jindal Stainless Ltd. (766.85, 1.5%), Tech Mahindra Ltd. (1,591.80, 1.3%) and Procter & Gamble Hygiene & Healthcare Ltd. (12,750, 1.3%).

Downers:

Largecap and midcap losers today include InterGlobe Aviation Ltd. (4,923.50, -8.3%), Godrej Properties Ltd. (1,975.10, -5.2%) and Mazagon Dock Shipbuilders Ltd. (2,483.70, -5.1%).

Volume Rockets

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

Top high volume gainers on BSE included Latent View Analytics Ltd. (497.35, 10.3%), Home First Finance Company India Ltd. (1,118.20, 2.2%) and 3M India Ltd. (34,860, 2.2%).

Top high volume losers on BSE were Kaynes Technology India Ltd. (3,807, -12.6%), InterGlobe Aviation Ltd. (4,923.50, -8.3%) and Tata Teleservices (Maharashtra) Ltd. (45.65, -7.1%).

Honasa Consumer Ltd. (256.40, -6.8%) was trading at 13.5 times of weekly average. Tata Investment Corporation Ltd. (716.45, 1.1%) and ITI Ltd. (306, 1.5%) were trading with volumes 10.0 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks hit their 52 week highs, while 42 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Can Fin Homes Ltd. (913, 1.4%), Hindustan Copper Ltd. (363.50, -2.3%) and Multi Commodity Exchange of India Ltd. (10,183, -1.6%).

Stocks making new 52 weeks lows included - BASF India Ltd. (4,025.50, -0.5%) and Bata India Ltd. (947, -2.1%).

1 stock climbed above their 200 day SMA including Ventive Hospitality Ltd. (710, -2.4%). 26 stocks slipped below their 200 SMA including Honasa Consumer Ltd. (256.40, -6.8%) and Engineers India Ltd. (190, -6.3%).

 
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