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Trendlyne Marketwatch
11 Dec 2025, 04:00PM
Market closes higher as the US Fed cuts interest rate by 25 bps
By Trendlyne Analysis

 

Nifty 50 closed at 25,898.55 (140.6, 0.6%) , BSE Sensex closed at 84,818.13 (426.9, 0.5%) while the broader Nifty 500 closed at 23,550.85 (142.1, 0.6%). Market breadth is in the green. Of the 2,583 stocks traded today, 1,482 were on the uptick, and 1,037 were down.

Indian indices closed higher after rising in the afternoon session, as the US Federal Reserve delivered a widely anticipated 25-bps rate cut. The Indian volatility index, Nifty VIX, fell 4.7% and closed at 10.4 points. Tata Steel closed 2.6% higher as its board approved the acquisition of a 50% stake in Thriveni Pellets for Rs 636 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty Capital Markets and BSE Metal closed higher. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 2.3%.

European indices are trading higher, except for the Netherlands’ AEX and Portugal’s PSI indices. Major Asian indices closed mixed. US index futures are trading in the red, indicating a cautious start to the session. Oracle fell in premarket trading as its Q3 revenue of $16.1 billion missed estimates by 0.6%. The company also projected FY26 capex to rise by $15 billion, adding to concerns that heavy AI investments may not deliver immediate returns.

  • Relative strength index (RSI) indicates that stocks like Dixon Technologies, Inox Wind, Ola Electric Mobility, and Jupiter Wagons are in the oversold zone.

  • Centum Electronics is rising sharply as it enters a partnership with Indra Air Traffic to manufacture air navigation systems for the Indian Navy.

  • Petronet LNG receives a secured loan worth Rs 12,000 crore from a consortium of banks, including State Bank of India and Bank of Baroda. The proceeds from the loan will be used for the 750 kilo tonnes per annum (KTPA) Propane Dehydrogenation (PDH), and 500 KTPA of Polypropylene (PP) projects, including propane and ethane handling facilities at Dahej.

  • Alembic Pharmaceutical is rising as it receives final approval from the US FDA for its abbreviated new drug application (ANDA) for Loteprednol Etabonate and Tobramycin Ophthalmic Suspension. The drug is used to treat inflammatory eye conditions. It has an estimated market size of $36.6 billion as of 2024.

  • Aditya Saraogi, CFO of Birla Corp, highlights that demand remained weak in October and November, but early signs of improvement are visible in December. He forecasts FY26 volume growth of over 4% and outlines plans to expand capacity from 20 MTPA to 27.6 MTPA by FY29. Saraogi expects EBITDA per tonne to improve in H2 versus the first half, and anticipates that debt will stay below Rs 3,000 crore.

  • GK Energy is rising as it secures a Rs 366.6 crore award from Maharashtra’s power utility to supply and install 13,239 off-grid solar pump systems. The project includes multiple pump capacities and must be completed within 60 days of order issuance.

  • ICICI Direct downgrades Boicon to a 'Reduce' call from 'Buy', with a target price of Rs 350 per share. This indicates a potential upside of 8.1%. The brokerage believes that any adverse regulatory event or prolonged slowdown in Syngene could affect debt repayment in FY30. It expects the firm to deliver a revenue CAGR of 14.9% over FY26-28.

  • DCM Shriram rises sharply as it signs an memorandum of understanding (MoU) with Bayer CropScience to work on sustainable, farmer-focused agricultural initiatives. The partnership covers agri-inputs, digital tools, sustainable models, value-chain efforts and potential collaborations in crop protection and chemicals.

  • InterGlobe Aviation (IndiGo) cuts its Q3FY26 guidance, reducing capacity growth to 8–12% from 17–18% after more than 4,500 flight cancellations and a 10% winter schedule reduction ordered by the Civil Aviation Ministry. It also lowers the yield outlook to –4% to –5% from the earlier flat-to+2 % range, weighing on unit revenues amid pilot shortages and fog-related disruptions. EBITDA margins are now estimated at 0–3%, down from the earlier 13–17% range.

  • Shakti Pumps surges more than 10% as it secures an order worth Rs 443.8 crore from the Maharashtra State Electricity Distribution Co (MSEDCL) to supply 16,025 off-grid DC solar photovoltaic water pumping systems (SPWPS).

  • HG Infra Engineering's joint venture with Kalpataru Projects secures a letter of acceptance (LoA) to build a 20.5 km elevated stretch for the Thane Metro project. The work also includes the depot link and three key bridge sections.

  • Seamec is rising as it signs an agreement worth $16.7 million (about Rs 150 crore) with GR Infraprojects to deploy its SEAMEC III for subsea installation and diving works across key ONGC projects.

  • According to data released by the Association of Mutual Funds in India (AMFI), equity mutual fund inflows rise by 21.2% to Rs 29,911 crore in November, up from Rs 24,690 crore in October. Meanwhile, total assets under management (AUM) increase to 80.5 lakh crore from Rs 79.9 lakh crore in the previous month.

  • Tejas Networks is rising as it secures a contract for Internet Protocol (IP) routing equipment under the BharatNet program, Phase-III. As per the contract, Tejas will supply over 50,000 TJ1400 routers across nine states and five union territories.

  • Action Construction Equipment (ACE) signs a memorandum of understanding (MoU) with Sanghvi Motors to supply heavy cranes manufactured by ACE. The company will also provide Sanghvi with product support, customisation, and technical solutions.

  • Bank of Baroda cuts its marginal cost of lending rate (MCLR) by up to 5 bps on select tenures, effective December 12. The overnight MCLR now stands at 7.8%, while the three-month rate is revised to 8.15%.

  • Manish Tiwary, Chairman and MD of Nestlé India, says 2026 is shaping up to be a strong year, with the next Rs 20,000 crore in revenue expected to come much faster. He aims to maintain margins at 22–24% and notes that ad spending will outpace sales growth, though there are no plans for a new brand launch. Tiwary also expects Nespresso, Petcare, and B2B to grow two to three times faster than the core business.

  • Life Insurance Corp of India receives a demand order worth Rs 2,370.3 crore from the GST Authority of Mumbai for FY22-24.

  • Prestige Estates Projects is rising as its subsidiaries, Prestige Falcon Realty and Prestige Projects, acquire a partnership interest in Bharatnagar Buildcon for Rs 938.8 crore, taking the company’s indirect stake to 66.9%.

  • Lloyds Metals & Energy's board of directors approves acquiring a 50% stake in Nexus Holdco FZCO for $55 million (~Rs 495.7 crore) through its subsidiary, Lloyds Global Resources FZCO (LGRF).

  • Morgan Stanley maintains an 'Overweight' rating on Polycab India with a target price of Rs 8,672. The brokerage notes that volume growth remains strong despite higher commodity prices, supported by demand from power T&D, renewables, infrastructure, and data centres. It believes the company is well-positioned in power and optical fibre cables and is diversifying its exports to the Middle East, Latin America, and Africa. Margins are expected to remain at the upper end of the 12–14% guidance in the near term.

  • Tata Consultancy Services' board of directors approves acquiring a 100% stake in Coastal Cloud Holdings and its subsidiaries for $700 million (~Rs 6,308.3 crore).

  • Ashoka Buildcon is rising as its joint venture (JV), Adani-Ashoka-Aakshaya, secures an order worth Rs 1,815.8 crore from the Brihanmumbai Municipal Corp (BMC) for the Mithi River Development and Pollution Control project.

  • Puravankara is rising as its subsidiary, Starworth Infrastructure & Construction (SICL), receives an order worth Rs 509.5 crore from One Bangalore Luxury Projects. The contract includes civil works, finishing, mechanical, electrical, and plumbing works, and external development for Varnam Phase 1 at the One Bangalore Luxury Project in Devanahalli.

  • Tata Steel is rising as its board of directors approves acquiring a 50% stake in Thriveni Pellets from Thriveni Earthmovers for Rs 636 crore. The board also approves the capacity expansion of 4.8 million tonnes per annum (MTPA) at Neelachal Ispat Nigam and the setup of a 2.5 MTPA thin slab caster & rolling facilities at Tata Steel Meramandali. The company will also build a 0.7 MTPA hot rolled pickling and galvanising line (HRPGL) at its Cold Rolling Complex in Maharashtra.

  • Nifty 50 was trading at 25,757.10 (-0.9, 0%), BSE Sensex was trading at 84,336.31 (-55.0, -0.1%), while the broader Nifty 500 was trading at 23,383.15 (-25.7, -0.1%).

  • Market breadth is in the red. Of the 2,070 stocks traded today, 749 showed gains, and 1,256 showed losses.

Riding High:

Largecap and midcap gainers today include Dixon Technologies (India) Ltd. (12,988, 5.2%), Persistent Systems Ltd. (6,225.50, 3.2%) and Tata Elxsi Ltd. (5,016.50, 3.2%).

Downers:

Largecap and midcap losers today include Au Small Finance Bank Ltd. (973, -2.1%), Mahindra & Mahindra Financial Services Ltd. (340.30, -2.0%) and Supreme Industries Ltd. (3,234.20, -1.9%).

Volume Shockers

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

Top high volume gainers on BSE included Natco Pharma Ltd. (917.55, 5.8%), Ircon International Ltd. (157.76, 5.4%) and Dixon Technologies (India) Ltd. (12,988, 5.2%).

DCM Shriram Ltd. (1,260, 4.4%) was trading at 184.9 times of weekly average. Kama Holdings Ltd. (2,861, 5.0%) and Rainbow Childrens Medicare Ltd. (1,379.70, 1.2%) were trading with volumes 17.6 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks overperformed with 52 week highs, while 13 stocks hit their 52 week lows.

Stocks touching their year highs included - Cummins India Ltd. (4,520, -0.4%), Eicher Motors Ltd. (7,256, 0.4%) and Esab India Ltd. (6,298, 2.2%).

Stocks making new 52 weeks lows included - BASF India Ltd. (3,909.60, -2.4%) and Blue Dart Express Ltd. (5,400, 0.2%).

10 stocks climbed above their 200 day SMA including Kama Holdings Ltd. (2,861, 5.0%) and Angel One Ltd. (2,577.40, 4%). 13 stocks slipped below their 200 SMA including Sobha Ltd. (1,413.50, -2.4%) and Campus Activewear Ltd. (263.60, -1.9%).

 
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