Nifty 50 opens lower after falling over 116 points in the pre-opening session. On Friday, Indian indices closed higher, driven by a rise in the defence sector. FIIs sold equity worth Rs 1,114.2 crore, while DIIs bought equity worth Rs 3,868.9 crore in Indian markets on the same day. 

Nifty Midcap 100 and Nifty Smallcap 100 open lower, tracking the benchmark index. Nifty Auto and Nifty Realty open lower.

Major US indices closed lower on Friday. European indices ended lower, except for Portugal’s PSI. Asian markets are trading mixed. Meanwhile, Broadcom closed 11.4% lower after its Q4 results, as its $73 billion artificial intelligence backlog guidance fell short of investor expectations despite a revenue and earnings beat.

• Ashoka Buildcon is rising as its joint venture (JV) with Aakshya Infra Projects bags an order worth Rs 1,041.4 crore from the Brihanmumbai Municipal Corp (BMC) to construct a flyover.

• Wakefit Innovation’ shares make a flat debut on the bourses at Rs 195. The Rs 1,288.9 crore IPO received bids for 2.5 times the total shares on offer.

• Corona Remedies' shares debut on the bourses at a 38.4% premium to the issue price of Rs 1,062. The Rs 655.4 crore IPO received bids for 137 times the total shares on offer.

• WPIL surges as its subsidiary, PCI Africa Consortium, receives a Rs 1,340 crore order to upgrade and expand the Macassar Wastewater Treatment Works in Cape Town.

• Brigade Enterprises is falling as the Income Tax (IT) Department conducts search operations at its offices from December 9-13.

• Morgan Stanley maintains an 'Overweight' rating on KEI Industries with a target price of Rs 4,793. The brokerage points to robust domestic demand for cables and wires, fueled by power transmission and distribution, renewables, infrastructure, real estate, oil & gas, and data centres. It notes data centres as a major growth catalyst, where cables and wires account for 8-10% of capex. KEI stands out as well-positioned, offering a wide range of power cables (excluding optical fibre).

  #BrokerageRadar | Morgan Stanley maintains an Overweight rating on KEI Industries#KEI #StockMarket pic.twitter.com/8ZDAjZwe65

  — ET NOW (@ETNOWlive) December 15, 2025

• Godawari Power & Ispat is rising as its board approves expanding its battery pack and containers capacity to 40 gigawatt-hour (GWh) from 10 GWh at a capex of Rs 1,625 crore. The company will increase capacity to 20 GWh during phase-1 by FY27 for Rs 1,025 crore, while phase-2 will increase the capacity to 40 GWh by FY29 for Rs 600 crore.

• KEC International is rising sharply as it secures orders worth Rs 1,150 crore in the domestic transmission & distribution (T&D) and civil businesses. The company will supply a 765 kV transmission line, a 765/400 kV substation, and civil & structural works for a 150 MW thermal plant.

• Aurobindo Pharma is falling as it receives Form 483 with three observations from the US FDA following an inspection at its API manufacturing facility in Telangana.

• Bharat Electronics secures orders worth Rs 776 crore to supply counter unmanned aerial systems (SAKSHAM), software defined radios, and anti-drone systems, among other defence systems.

• Nifty 50 was trading at 25,961 (-86.0, -0.3%), BSE Sensex was trading at 84,891.75 (-375.9, -0.4%), while the broader Nifty 500 was trading at 23,650.25 (-76.0, -0.3%).

• Market breadth is in the red. Of the 2,146 stocks traded today, 791 were in the positive territory and 1,259 were negative.

Riding High:

Largecap and midcap gainers today include Indus Towers Ltd. (421.55, 1.5%), Hindustan Zinc Ltd. (569.30, 1.4%) and Bharti Hexacom Ltd. (1,696.90, 0.8%).

Downers:

Largecap and midcap losers today include Hyundai Motor India Ltd. (2,297.20, -1.9%), REC Ltd. (339.40, -1.5%) and PB Fintech Ltd. (1,897.50, -1.4%).

BSE 500: highs, lows and moving averages

4 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Hindustan Copper Ltd. (385.80, 0.9%), Hindustan Zinc Ltd. (569.30, 1.4%) and Muthoot Finance Ltd. (3,845.30, 0.2%).

Stock making new 52 weeks lows included - Sheela Foam Ltd. (575.95, -0.3%).

11 stocks climbed above their 200 day SMA including NLC India Ltd. (246.84, 1.2%) and PNB Housing Finance Ltd. (947.85, 1.2%). 1 stock slipped below their 200 SMA including Cipla Ltd. (1,505.60, -0.8%).