T
Trendlyne Marketwatch
09 Dec 2025, 04:01PM
Market closes lower, dragged by weakness in IT stocks and foreign investor outflows
By Trendlyne Analysis

 

Nifty 50 closed at 25,839.65 (-120.9, -0.5%), BSE Sensex closed at 84,666.28 (-436.4, -0.5%) while the broader Nifty 500 closed at 23,516.25 (-10.0, 0.0%). Market breadth is in the green. Of the 2,599 stocks traded today, 1,694 were gainers and 860 were losers.

Indian indices closed lower after falling in the morning session. The Indian volatility index, Nifty VIX, fell 1.6% and closed at 11 points. LT Foods closed lower after US President Donald Trump warned he may impose additional tariffs on agricultural imports, particularly Indian rice, to protect US farmers.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty IT and Nifty Auto were among the top index losers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 0.9%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading flat as investors focus on the Federal Reserve’s two-day policy meeting, with CME FedWatch showing an 87% chance of a 25 bps rate cut. Meanwhile, Paramount launched a $108.4 billion hostile bid for Warner Bros Discovery, surpassing Netflix’s $72 billion offer.

  • Relative strength index (RSI) indicates that stocks like Kaynes Technology, Bajaj Housing Finance, SJVN, and New India Assurance Co are in the oversold zone.

  • Aditya Birla Real Estate’s subsidiary, Birla Estates, reports sales of about Rs 1,800 crore from its premium residential project Birla Pravaah in Sector 71, Gurugram. The project has 492 units and is fully sold, showing strong growth in the National Capital Region.

  • Bansal Wire Industries is rising as the GST Authority reduces its tax demand to Rs 1 crore from Rs 202.8 crore for FY21.

  • ICICI Direct maintains its 'Buy' call on Marico, with a target price of Rs 870 per share. This indicates a potential upside of 19.2%. The brokerage believes that the scale-up across its new business will drive revenue and margin growth in the medium to long term. It expects the company to deliver a revenue CAGR of 14.5% over FY26-28.

  • A poll of economists suggests India’s inflation likely edged up in November but stayed close to multi-year lows. The slight rise is mainly due to fading base effects and higher food prices, with CPI expected to rise to 0.7% in November from 0.3% in October.

  • Delhivery rises sharply as it launches Delhivery International, an economy air parcel service aimed at lowering export costs for SMEs and enterprise customers. The service adds to its existing air parcel offering and uses global partnerships and AI tools to streamline cross-border shipping.

  • Nuvama Wealth Management's board of directors approves a 1:5 stock split and sets December 26 as the record date.

  • Ajmera Realty & Infra is rising as it records sales of 324 homes worth about Rs 427 crore in Phase 1 of its newly launched Vikhroli project, Ajmera Solis. The project covers approximately 2.4 lakh sq. ft. of carpet area and achieves an 81% sell-out.

  • Kaynes Technology India surges over 13% after receiving positive ratings from multiple brokerages. Macquarie retains its ‘Outperform’ call with a target price of Rs 7,700, noting that the management’s clarification on the Kotak report appears reasonable. It sees long-term tailwinds from higher-value services, backward integration, and global expansion, and expects PLI announcements to be a potential re-rating trigger.

  • ICICI Securities retains its 'Buy' call on Bharat Heavy Electricals, with a higher target price of Rs 370 per share. This indicates a potential upside of 33.2%. The brokerage remains positive on the stock, driven by an improved ordering run rate, robustness in industry orders, execution ramp-up, and the 2047 thermal roadmap. It expects the firm's revenue to deliver a revenue CAGR of 13.9% over FY26-28.

  • India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), orders InterGlobe Aviation (IndiGo) to cut planned flights by 5% after cancelling over 2,000 services last week due to pilot roster issues. It also seeks a revised schedule by Wednesday and asks the airline to reduce flights only on routes with competition.

  • Adani Ports & Special Economic Zone's MD Karan Adani announces an investment of Rs 2,500 crore to set up 48 MW green data centres in Telangana. The project will support AI, cloud computing, and high-performance digital infrastructure.

  • Nuvama upgrades Suzlon to a 'Buy' rating, but sets a lower target price of Rs 60. The brokerage sees stronger medium-term visibility for India’s wind pipeline and better capacity utilisation ahead. Suzlon cites steady demand, supportive policies, and rising export opportunities. It targets 2GW of orders in H2FY26 and expects its 4.5GW capacity to be fully utilised by FY29–30, driven by strong data centre and export demand.

  • Apollo Micro Systems plans a capex of Rs 1,500 crore to set up greenfield facilities in Telangana to manufacture and fill warheads for missiles, rocket motors, and small, medium, and large calibre artillery systems.

  • Spicejet is rising sharply as it expands its capacity by adding two Boeing 737 aircraft to its fleet, to be deployed on routes including Delhi-Bangkok, Ahmedabad-Mumbai, and Ahmedabad-Kolkata.

  • Physicswallah's Q2FY26 net profit jumps 62.4% YoY to Rs 72.3 crore, owing to lower finance costs. Revenue grows 27.3% to Rs 1,098.4 crore, driven by improvements in the online channel and offline student enrolments. It appears in a screener of stocks outperforming their industries over the past month.

  • Reports suggest that 1.5 crore shares (0.9% equity) of JSW Energy, amounting to Rs 688 crore, have changed hands in a block deal.

  • Indian rice exporters like LT Foods and GRM Overseas fall sharply after US President Donald Trump warns that he may impose additional tariffs on agricultural imports, including Indian rice and Canadian fertilisers.

  • Siemens is falling as its board of directors approves the sale of its low-voltage motors segment to Innomotics India for Rs 2,200 crore.

  • Fujiyama Power Systems is rising as its Q2FY26 net profit surges 97.4% YoY to Rs 62.9 crore, led by inventory destocking. Revenue jumps 72.1% to Rs 569.8 crore during the quarter. It features in a screener of stocks with zero promoter pledges.

  • Ambit initiates coverage on Tata Motors (TMCV) with a 'Buy' rating and a target price of Rs 430. The brokerage sees a strong profitability outlook driven by pricing discipline, a higher-tonnage mix, and cost efficiencies. It expects the company’s high-margin non-core revenue to cushion cyclical risks. It prefers TMCV over Ashok Leyland and believes domestic CV recovery, scale benefits, global opportunities, and margin expansion could support a re-rating.

  • ICICI Bank acquires an additional 2% stake in its subsidiary, ICICI Prudential Asset Management Co (ICICI AMC), for Rs 2,140 crore.

  • IndiGrid Infrastructure Trust's board of directors approves raising Rs 1,000 crore through a rights issue, preferential issue, qualified institutional placement (QIP) or other modes.

  • Caplin Point Laboratories' arm, Caplin Steriles, gets US FDA approval for its abbreviated new drug application (ANDA) for Acetaminophen injection. The drug is used to treat mild to moderate pain and had sales of around $86 million in the 12 months ending October 2025, according to IQVIA.

  • Welspun Corp is rising as its subsidiary, East Pipes Integrated Co (EPIC), secures a contract worth SAR 485 million (~Rs 1,165 crore) from the Saudi Water Authority to supply steel pipes.

  • Nifty 50 was trading at 25,821 (-139.6, -0.5%), BSE Sensex was trading at 84,844.28 (-258.4, -0.3%), while the broader Nifty 500 was trading at 23,379.85 (-146.4, -0.6%).

  • Market breadth is highly negative. Of the 2,129 stocks traded today, 461 were gainers and 1,605 were losers.

Riding High:

Largecap and midcap gainers today include Gujarat Fluorochemicals Ltd. (3,485.40, 5.1%), Tube Investments of India Ltd. (2,655.40, 3.5%) and Godrej Properties Ltd. (2,043, 3.4%).

Downers:

Largecap and midcap losers today include Asian Paints Ltd. (2,796, -4.5%), Coforge Ltd. (1,873.50, -4.0%) and Hero MotoCorp Ltd. (6,001, -2.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Tata Teleservices (Maharashtra) Ltd. (53.77, 17.8%), Kaynes Technology India Ltd. (4,331, 13.8%) and Eris Lifesciences Ltd. (1,701.30, 10.9%).

Top high volume losers on BSE were Sobha Ltd. (1,426.50, -3.1%), G R Infraprojects Ltd. (1,021, -2.8%) and Balrampur Chini Mills Ltd. (420, -2.1%).

Anand Rathi Wealth Ltd. (2,856.10, 0.6%) was trading at 28.4 times of weekly average. TTK Prestige Ltd. (631.40, -0.3%) and Godrej Agrovet Ltd. (595.70, 3.5%) were trading with volumes 6.2 and 5.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks made 52 week highs, while 46 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Federal Bank Ltd. (260.85, 1.3%), Au Small Finance Bank Ltd. (972.05, 2.1%) and Aditya Birla Capital Ltd. (364.05, 2.0%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,785, -0.6%) and BASF India Ltd. (4,021.40, -0.1%).

9 stocks climbed above their 200 day SMA including Eris Lifesciences Ltd. (1,701.30, 10.9%) and Bombay Burmah Trading Corporation Ltd. (1,893.40, 4.5%). 29 stocks slipped below their 200 SMA including Sobha Ltd. (1,426.50, -3.1%) and Dr. Lal Pathlabs Ltd. (2,914.50, -1.8%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Market closes lower, dragged down by losses in the Consumer Durables & IT stocks
Trendlyne Marketwatch | 10 Dec 2025, 04:00PM
IPO rush continues: ICICI Prudential and Wakefit launch major offerings in a busy market
| 08 Dec 2025
Markets close flat, RailTel's IPO oversubscribed on Day 1
Trendlyne Marketwatch | 16 Feb 2021