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Trendlyne Marketwatch
12 Dec 2025, 04:00PM
Market closes higher, supported by a rise in Defence stocks
By Trendlyne Analysis

 

 

Nifty 50 closed at 26,046.95 (148.4, 0.6%), BSE Sensex closed at 85,267.66 (449.5, 0.5%) while the broader Nifty 500 closed at 23,726.20 (175.4, 0.7%). Market breadth is in the green. Of the 2,586 stocks traded today, 1,620 were on the uptick, and 921 were down.

Indian indices closed higher, driven by a rise in the defence sector. The Indian volatility index, Nifty VIX, closed 2.8% lower at 10.1 points. GMDC closed 5.3% in the green after expanding into the coal sector by acquiring three coal blocks in Odisha, including the 15 MTPA Baitarni-West coal mine.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Metal and S&P BSE Basic Materials were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Metals & Mining emerged as the highest-performing sector of the day, with a rise of 2.7%.

European indices are trading flat or higher. Major Asian indices closed in the green, except Thailand’s SET index, which closed flat. US index futures are trading mixed, signalling a muted start to the session. Costco is rising in the pre-opening session as its Q3 EPS of $5.9 beats Forecaster estimates by 1.1%.

  • Money flow index (MFI) indicates that SKF India is in the oversold zone.

  • Lloyds Engineering Works is rising as its subsidiary, Lloyds Advance Defence Systems, enters an agreement with Poland's Flyfocus to develop advanced first-person view (FPV) drones.

  • Geojit BNP Paribas downgrades FSN E-Commerce Ventures (Nykaa) to an 'Accumulate' call from 'Buy', with a target price of Rs 277 per share. This indicates a potential upside of 9.6%. The brokerage believes that the stock is over valued, but notes that the company is well-positioned for growth, driven by its focus on beauty-tech investments, curated fashion expansion, experiential retail and brand-led differentiation. It expects Nykaa to deliver a revenue CAGR of 26.7% over FY26-27.

  • Kotak Institutional Equities upgrades Thermax to a 'Buy' rating and gives a target price of Rs 3,575. The brokerage says the company is a standout among diversified capex plays thanks to robust order inflows, given it does not depend on large, one-off orders. A major contract secured in the third quarter has lifted its year-end order backlog by 15% YoY, strengthening revenue visibility.

  • PNB Housing Finance's board of directors appoints Ajai Kumar Shukla as the Chief Executive Officer (CEO) and Managing Director (MD) for five years, effective December 18.

  • Shilpa Medicare is rising as it receives marketing authorisation in Europe for its Rotigotine transdermal patch. The drug is used to treat restless legs syndrome and Parkinson’s disease. The total addressable European market for Rotigotine is estimated at around $222 million.

  • JSW Energy rises as its subsidiary, JSW Energy (Utkal), signs a 25-year agreement with Karnataka DISCOMs to supply 400 MW of power from April 1, 2026, at Rs 5.8/kWh. The deal lowers its unsold power capacity to about 5% of its operating portfolio, from roughly 8% earlier.

  • Sanjay Sharma, MD & CEO of Orkla India, says the company is planning acquisitions to expand its portfolio and is counting on quick-delivery platforms and growing demand for ready-to-eat meals to keep revenue rising in double digits in FY26. He adds that Orkla has sufficient cash to fund deals, and targets brands that strongly reflect local food culture.

  • Motilal Oswal retains its 'Buy' call on Siemens Energy, with a target price of Rs 3,800 per share. This indicates a potential upside of 29.7%. The brokerage believes the company will benefit from the planned doubling of its transformation capacity by 2032, driving demand for transformers and grid?stabilisation solutions. Exports will provide an additional growth lever. It expects the firm to deliver a revenue CAGR of 26.9% over FY26-28.

  • Kirloskar Ferrous Industries is falling as it extends the shutdown of its Hiriyur plant for additional maintenance and repair activities.

  • Gujarat Mineral Development Corp is rising sharply as it expands into the coal sector after acquiring three coal blocks in Odisha, including the 15 million tonnes per annum (MTPA) Baitarni-West coal mine.

  • JM Financial reports that promoter selling dominated Q2FY26, with only a few exceptions. Among large caps, only Adani Green Energy and Indus Towers saw increases. The brokerage notes that promoter stake cuts, unless regulatory or fundraising-driven, are usually viewed negatively, while increases signal confidence. Most recent changes were in small caps, with several seeing cuts of over 0.5%, including Navin Fluorine following its July QIP and Dr Lal PathLabs, where promoter holding fell by 0.6%.

  • GAIL (India) receives a GST demand order worth Rs 143.1 crore from the CGST Delhi South office. The order alleges non-payment of GST on corporate guarantees issued to banks for its subsidiaries and joint ventures, even though no fee was charged.

  • KPI Green Energy is rising as its board of directors schedules a meeting on December 17 to raise funds by issuing equity or securities to the promoter.

  • Firstsource Solutions is rising as it acquires Pastdue Credit Solutions (PDC) for GBP 22 million (around Rs 266 crore) to expand in the UK debt collection services market.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 21.2% YoY growth in domestic two-wheeler sales at 19.4 lakh units in November. Passenger vehicle sales rise 18.7% to 4.1 lakh units. Three-wheeler sales increase by 21% to 71,999 units.

  • Vedanta is rising as it emerges as the preferred bidder for the Genjana nickel, chromium and platinum group elements (PGE) block under the Critical Mineral Auctions Tranche III.

  • Piramal Pharma receives Form 483 with four observations from the US FDA following a good manufacturing practices (GMP) inspection at its facility in Lexington, US.

  • GMR Power and Urban Infra rises as its board of directors schedules a meeting on December 17 to consider a fundraising proposal worth Rs 1,200 crore by issuing equity or warrants via a preferential issue or other modes.

  • Goldman Sachs has upgraded L&T to ‘Buy’ with a target price of Rs 5,000. It expects the company’s strong order backlog, low working-capital needs, and better capital allocation to drive solid earnings growth in FY26–28, with margins improving through FY28–30. The firm also sees defence, green hydrogen, and nuclear power rising to 15% of order inflows by FY35 from 4% currently, supported by a healthy backlog and growing confidence in a domestic capex recovery.

  • Tata Power secures a Rs 155.8 crore per annum order from REC Power Development & Consultancy to provide transmission services for 35 years. The company will set up a 400 kV transmission line from Jejuri to Hinjewadi and 400 kV bays at substations at both locations.

  • Honasa Consumer is rising as its board of directors approves acquiring a 95% stake in BTM Ventures, owner of Reginald Men, for Rs 195 crore to expand in the men's personal care segment. The company will acquire the remaining 5% stake in BTM 12 months after the completion of the acquisition.

  • Astra Microwave Products is rising as it receives an order worth Rs 171.4 crore from the Indian Meteorological Department (IMD). The order includes six S-band Doppler Weather Radars and related equipment such as weather stations and rain-measurement devices.

  • NBCC is rising as it receives two orders worth Rs 289 crore, including civil, construction, and repair works at NALCO’s office and township and another from SAIL Bokaro for desilting of the cooling pond.

  • Nifty 50 was trading at 25,992.80 (94.3, 0.4%), BSE Sensex was trading at 85,051.03 (232.9, 0.3%), while the broader Nifty 500 was trading at 23,643.35 (92.5, 0.4%).

  • Market breadth is ticking up strongly. Of the 2,062 stocks traded today, 1,509 showed gains, and 487 showed losses.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (561.65, 7.5%), GMR Airports Ltd. (104.34, 6.3%) and JSW Energy Ltd. (482.20, 5.3%).

Downers:

Largecap and midcap losers today include Jubilant Foodworks Ltd. (583.55, -2.4%), Hindustan Unilever Ltd. (2,260.60, -2.0%) and PI Industries Ltd. (3,311.10, -1.9%).

Volume Shockers

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

Top high volume gainers on BSE included Anant Raj Ltd. (550.45, 9.0%), Hindustan Zinc Ltd. (561.65, 7.5%) and GMR Airports Ltd. (104.34, 6.3%).

Top high volume losers on BSE were PI Industries Ltd. (3,311.10, -1.9%), Sheela Foam Ltd. (577.55, -1.8%) and Siemens Ltd. (3,144.60, -1.6%).

Tejas Networks Ltd. (479.35, 2.9%) was trading at 7.6 times of weekly average. Thermax Ltd. (2,870.40, 2.6%) and The New India Assurance Company Ltd. (171.92, 5.9%) were trading with volumes 6.4 and 6.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks hit their 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Ashok Leyland Ltd. (163.86, 2.2%), Cummins India Ltd. (4,600.20, 1.5%) and Federal Bank Ltd. (261.35, 0.2%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,771.70, -0.4%) and BASF India Ltd. (3,901.40, -0.2%).

19 stocks climbed above their 200 day SMA including Sarda Energy & Minerals Ltd. (511.40, 5.1%) and Inventurus Knowledge Solutions Ltd. (1,646, 5.0%). 4 stocks slipped below their 200 SMA including Eris Lifesciences Ltd. (1,571, -1.2%) and Campus Activewear Ltd. (261.65, -0.7%).

 
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