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Trendlyne Marketwatch
10 Dec 2025, 03:12PM
Market trades lower, Dilip Buildcon bags Rs 5,000 cr LoA from NALCO
By Trendlyne Analysis

 

Nifty 50 was trading at 25,828.55 (-11.1, 0.0%), BSE Sensex was trading at 84,624.06 (-42.2, -0.1%) while the broader Nifty 500 was trading at 23,496.45 (-19.8, -0.1%). Market breadth is in the green. Of the 2,541 stocks traded today, 1,305 were in the positive territory and 1,182 were negative.

Nifty 50 opens higher after gaining over 24 points in the pre-opening. On Tuesday, Indian indices closed lower after falling in the morning session. FIIs sold shares worth Rs 655.6 crore, while DIIs bought shares worth Rs 2,542.5 crore.

Nifty Midcap 100 & Nifty Smallcap 100 open higher, following the benchmark index. S&P BSE SME IPO and BSE Cap Goods open higher. 

Major US indices closed mixed on Tuesday, while European indices closed lower. Asian indices are trading mixed. US President Donald Trump allowed Nvidia to sell its H200 AI chips to China on the condition that the US government receives 25% of the sales. The US Commerce Department is finalising the details, and the same framework is expected to apply to other AI chipmakers, including AMD and Intel.

  • Grasim Industries' board of directors approves a Rs 2,000 crore investment in its subsidiary, Aditya Birla Renewables, by Global Infrastructure Partners (GIP) via a preferential issue. GIP also has a greenshoe option of an additional Rs 1,000 crore investment in the arm.

  • Dhanuka Agritech receives a demand order worth Rs 121.3 crore from the GST Authority. The authority alleges that the company applied 5% GST to certain products that are liable to an 18% GST.

  • The Malta Medicines Authority conducts a GMP inspection at Alkem Laboratories' Daman plant from December 5 to 9. The review concludes with no critical findings, three major observations, and a few minor ones.

  • TVS Supply Chain Solutions is rising as its board of directors approves a Rs 100 crore investment in its subsidiary, FIT 3PL Warehousing, for business expansion.

  • Anupam Rasayan India is rising as it signs an agreement to acquire 100% stake in US-based Jayhawk Fine Chemicals for ~$150 million (Rs 1,350 crore). The acquisition expands its global CDMO presence and establishes a strong foothold in the US and global specialty chemicals market.

  • Gopal Agrawal, CEO of Anupam Rasayan, highlights the company’s recent $134 million acquisition of US-based Jayhawk Fine Chemicals. He says the deal gives access to niche chemistries and global customers, creating cross-selling opportunities. Jayhawk holds a monopoly in specific chemistries and generates annuity-like income. Agrawal also notes that the performance chemicals segment currently has margins of around 20%, with scope for further expansion.

  • Motilal Oswal retains its 'Buy' call on Coforge, with a target price of Rs 3,000 per share. This indicates a potential upside of 63.1%. The brokerage believes that the company's strong executable order book and resilient client spending across verticals will drive revenue growth. It expects the firm to deliver a revenue CAGR of 30.2% over FY26-28.

  • AU Small Finance Bank rises to its 52-week high of Rs 1,007.2 as it receives government approval to raise its foreign investment limit to 74% from 49% of paid-up capital. The approval from the Ministry of Finance has no time restrictions on its validity.

  • Dilip Buildcon secures a letter of award (LoA) worth Rs 5,000 crore from National Aluminium Co (NALCO) to develop and operate the Pottangi Bauxite mines for 25 years. The company will also set up the overland conveyor corridor (OLCC) and allied facilities for the mines.

  • Goldman Sachs maintains a ‘Neutral’ rating on Nestlé with a higher target price of Rs 1,230, reflecting modest valuation adjustments amid stable FMCG sector conditions. The brokerage highlights steady growth momentum, ongoing reinvestment of gross-margin gains, and potential upside from any GST cuts on processed foods, which could further support Nestlé’s volume growth.

  • Promoter Amit Rathi sells 20 lakh shares (~2.4% stake) in Anand Rathi Wealth worth Rs 560 crore through a bulk deal at an average price of Rs 2,800 per share.

  • Reports suggest that 2.8 crore shares (1.7% stake) of Adani Green Energy, worth Rs 2,718 crore, have changed hands in a block deal at an average price of Rs 970 per share. TotalEnergies is likely the seller in the transaction.

  • Vidya Wires’ shares make a flat debut on the bourses at Rs 52. The Rs 300 crore IPO received bids for 26.6 times the total shares on offer.

  • Kotak Institutional Equities notes that domestic auto-component manufacturers see a continued weak global auto outlook for 2025–26, with softness in the US and only a mild recovery in the EU, posing risks for companies with overseas exposure. It expects earnings pressures for SAMIL, Bharat Forge, and Sona BLW Precision Forgings amid muted demand across light-vehicle, commercial-vehicle and off-highway segments globally.

  • Aequs' shares debut on the bourses at a 12.9% premium to the issue price of Rs 124. The Rs 921.8 crore IPO received bids for 101.6 times the total shares on offer.

  • Meesho's shares debut on the bourses at a 46.4% premium to the issue price of Rs 111. The Rs 5,421.2 crore IPO received bids for 79 times the total shares on offer.

  • Kalpataru Projects International is rising as it bags orders worth Rs 2,003 crore from domestic and international clients. The orders are in the buildings & factories (B&F) and transmission & distribution (T&D) businesses.

  • Hindustan Zinc jumps over 4% as silver prices surge past $61, nearing an all-time high. B&K Securities initiates coverage with a ‘Buy’ rating and a target price of Rs 610. The brokerage notes that Hindustan Zinc is India’s only integrated zinc producer and the world’s largest, with a fully integrated value chain across multiple segments. It expects silver’s share of EBITDA to increase to 42% by FY27 from the current 28%.

  • Godrej Agrovet's subsidiary, Creamline Dairy Products, signs a memorandum of understanding (MoU) with the Telangana government to set up a 40-acre dairy processing facility with a capex of Rs 150 crore.

  • IRB Infrastructure Developers is rising as its total toll collection rises 15.8% YoY to Rs 716.1 crore in November.

  • Sri Adhikari Brothers is rising as it signs a memorandum of understanding (MoU) with the Government of Telangana to develop a 50 MW AI and hyperscale green data centre campus in the state, with a planned investment of Rs 4,000 crore.

  • Sammaan Capital is rising as the Competition Commission of India (CCI) approves the acquisition of a majority stake in the company by Avenir Investment RSC, a subsidiary of International Holding Co PJSC.

  • Nifty 50 was trading at 25,880.55 (40.9, 0.2%), BSE Sensex was trading at 84,712.71 (46.4, 0.1%), while the broader Nifty 500 was trading at 23,561.35 (45.1, 0.2%).

  • Market breadth is highly positive. Of the 2,077 stocks traded today, 1,355 showed gains, and 672 showed losses.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (514.35, 4.7%), ICICI Prudential Life Insurance Company Ltd. (644.25, 3.3%) and Au Small Finance Bank Ltd. (1,001, 3.0%).

Downers:

Largecap and midcap losers today include Persistent Systems Ltd. (6,136.50, -2.6%), Avenue Supermarts Ltd. (3,815, -2.4%) and InterGlobe Aviation Ltd. (4,848, -2.4%).

Volume Rockets

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

Top high volume gainers on BSE included Welspun Living Ltd. (141.99, 7.7%), Balrampur Chini Mills Ltd. (446.60, 7.3%) and Esab India Ltd. (6,162.50, 5.5%).

Top high volume loser on BSE was V-Guard Industries Ltd. (334.55, -0.8%).

Jyoti CNC Automation Ltd. (970.50, 4.4%) was trading at 18.7 times of weekly average. MMTC Ltd. (55.95, 4.3%) and Godfrey Phillips India Ltd. (2,873, 3.6%) were trading with volumes 11.3 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks hit their 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Eicher Motors Ltd. (7,264, 2.0%), Au Small Finance Bank Ltd. (1,001, 3.0%) and Aditya Birla Capital Ltd. (362.40, -0.5%).

Stocks making new 52 weeks lows included - Sapphire Foods India Ltd. (236.33, -0.1%) and Inox Wind Ltd. (121.30, -2.4%).

16 stocks climbed above their 200 day SMA including Godfrey Phillips India Ltd. (2,873, 3.6%) and The Ramco Cements Ltd. (1,025.10, 2.6%). 12 stocks slipped below their 200 SMA including Angel One Ltd. (2,487.20, -1.8%) and Astral Ltd. (1,403.40, -1.8%).

 
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