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Trendlyne Marketwatch
16 Dec 2025, 03:57PM
Market closes lower as the rupee hits an all-time low
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,860.10 (-167.2, -0.6%), BSE Sensex closed at 84,679.86 (-533.5, -0.6%) while the broader Nifty 500 closed at 23,570.15 (-155.1, -0.7%). Market breadth is moving down. Of the 2,591 stocks traded today, 845 were in the positive territory and 1,692 were negative.

Nifty 50 closed lower after falling in the morning session as the Indian rupee dropped to its all-time low of Rs 91.08 against the US dollar. The Indian volatility index, Nifty VIX, declined 1.7% and closed at 10.1 points. HDFC Bank received RBI approval to acquire up to a 9.5% aggregate stake in IndusInd Bank through its group entities, including HDFC Mutual Fund, HDFC Life Insurance and others. The approval is valid for one year.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. S&P BSE Telecom and Nifty Consumer Durables were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 1.4%.

Asian indices closed lower, while European indices are trading mixed. US index futures traded in the red, indicating a cautious start to the trading session. A poll of economists suggests that US nonfarm payrolls likely rose by 50,000 in November. While there was no consensus for October, most expect a decline, with BNP Paribas forecasting a drop of up to 100,000, largely due to more than 150,000 federal employees taking deferred buyouts under Trump’s government downsizing push.

  • Money flow index (MFI) indicates that stocks like Alkyl Amines Chemicals, AWL Agri Business, CreditAccess Grameen and Inox Wind are in the oversold zone.

  • PB Fintech falls sharply as the proposed Insurance Bill 2025 may reportedly allow the regulator to cap agent commissions. The move could impact payouts and disclosures, raising concerns for Policybazaar, which derived over 88% of its Q2FY26 revenue from insurance broking.

  • Axis Direct maintains its 'Buy' call on Maruti Suzuki India, with a target price of Rs 18,170 per share. This indicates a potential upside of 10.9%. The brokerage believes that the company's strong domestic leadership, expanding utility vehicles (UV) portfolio and improving product mix will drive revenue and net profit growth. It expects the firm to deliver a revenue CAGR of 10% over FY26-28.

  • Senores Pharmaceuticals is rising as it plans to acquire a 100% stake in Apnar Pharma for Rs 91 crore to expand its presence in the UK and Canada.

  • Brent crude falls to $60 a barrel, its lowest since May, as surplus supply concerns and optimism over Russia-Ukraine peace talks outweigh disruptions to Venezuelan oil exports. Markets are expected to face oversupply through 2026 as OPEC+ restores idle output and non-OPEC producers, especially in the Americas, continue to ramp up output.

  • Invesco Mutual Fund acquires 16.7 lakh shares in Corona Remedies worth Rs 241.6 crore at an average price of Rs 1,434.2-1,457.4 per share through a bulk deal.

  • BL Kashyap and Sons rises as it receives a Rs 615.7 crore work order from Sattva CKC for structural and civil construction at the Sattva Chennai Knowledge City project in Tamil Nadu. The project is expected to be executed over 31 months.

  • ICICI Securities retains its 'Buy' call on Tata Power with a target price of Rs 465 per share. This indicates a potential upside of 22.8%. The brokerage remains positive on the stock, led by its presence across generation, distribution & trading, solar manufacturing, as well as solar utility-scale and rooftop engineering, procurement & construction (EPC) projects. It expects the firm to deliver a revenue CAGR of 12.4% over FY26-27.

  • The HSBC Flash India Composite Output Index declines to 58.9 in December from 59.7 in November, indicating a moderation in private-sector activity, though growth remains strong. This is the weakest reading since February, due to slower new order growth, even as export demand has risen to a three-month high, supported by orders from the US, the UK, and the Middle East.

  • Power Grid Corp emerges as the successful bidder for an inter-state transmission project. The project involves installing 765 kilovolt (kV) high-capacity power lines across Odisha and Andhra Pradesh, along with related infrastructure at both ends to support power flow between the regions.

  • RailTel receives an order worth Rs 148.4 crore from the Office of the Registrar General & Census Commissioner, India, for comprehensive annual maintenance services for servers, storage, network, and network security devices, along with licence renewals.

  • Zota Healthcare's board of directors approves a qualified institutional placement (QIP) of equity shares worth Rs 400 crore at a floor price of Rs 1,615.3 per share.

  • Axis Bank drops over 4% after revising its outlook, now expecting net interest margins (NIMs) to bottom out in Q4FY26 or Q1FY27 to 3.8%, instead of the earlier Q3 guidance. Citi retains a 'Neutral' rating with a Rs 1,285 target, noting traction in the corporate segment and signs of recovery in retail, though sustained momentum remains uncertain.

  • Intellect Design Arena is falling as it cancels the joint venture (JV) with UK-based ITIXA, citing that the UK government's Autumn Budget has introduced financial pressure on its target client base.

  • HDFC Bank receives RBI approval to acquire up to a 9.5% aggregate stake in IndusInd Bank through its group entities, including HDFC Mutual Fund, HDFC Life Insurance and others. The approval is valid for one year, until December 14, 2026.

  • The Ministry of Coal appoints B Sairam as Coal India's Chairman and Managing Director (CMD), succeeding Sanoj Kumar Jha, effective December 15.

  • Bharti Airtel rises after Morgan Stanley raises its target price to Rs 2,435 while maintaining its 'Overweight' rating. The brokerage expects the Indian telecom sector’s recovery to continue in the near term. It sees several drivers supporting the company's mid-single-digit ARPU growth over the medium term, which should support double-digit EBITDA growth in India. Morgan Stanley also expects Airtel to implement a tariff hike in Q1FY27.

  • Inox Wind secures a repeat order from Jackson Green to supply 3.3 MW wind turbines for a 100 MW project in Gujarat. The company will also provide engineering procurement & construction (EPC) and multi-year operations & maintenance (O&M) services for the project. This order takes the company's order inflow to 600 MW so far in FY26.

  • Arvind SmartSpaces is rising as it acquires a residential high-rise project in Bengaluru, with an estimated saleable area of 4.6 sq. ft. and a revenue potential of Rs 550 crore.

  • BlackBuck invests Rs 100 crore in its subsidiary, Blackbuck Finserv (BFPL), through a rights issue of 66.7 lakh shares.

  • Motilal Oswal maintains a 'Neutral' rating on Bajaj Auto with a target price of Rs 9,070. Management is optimistic that new product launches will help regain domestic motorcycle market share and highlights plans to boost EV leadership. However, the brokerage cautions that the loss of share in domestic motorcycles, particularly in the 125cc+ segment, remains a key concern. The success of the KTM turnaround is also a key factor to watch.

  • GMR Airports' passenger traffic increases 7.4% YoY to 1.1 crore in November, while aircraft movements grow by 7.9% to 65,922.

  • Ion Exchange surges as it receives orders worth Rs 205 crore from Rayzon Energy and INOX Solar for ultra-pure water generation, wastewater treatment, and zero liquid discharge systems for solar projects in Gujarat and Odisha.

  • MTNL surges as its board of directors approves the sale of its residential property block in Bandra Kurla Complex (BKC), Mumbai, to the National Bank for Agriculture and Rural Development (NABARD) for Rs 350.7 crore.

  • Hyundai Motor India's board of directors appoints Tarung Garg as its Managing Director (MD) and Chief Executive Officer (CEO), effective January 1.

  • Nifty 50 was trading at 25,943.30 (-84, -0.3%), BSE Sensex was trading at 84,902.32 (-311.0, -0.4%), while the broader Nifty 500 was trading at 23,643.80 (-81.4, -0.3%).

  • Market breadth is in the red. Of the 2,087 stocks traded today, 700 were on the uptick, and 1,327 were down.

Riding High:

Largecap and midcap gainers today include Supreme Industries Ltd. (3,405.80, 4.1%), Vedanta Ltd. (569.50, 3.7%) and Bharti Hexacom Ltd. (1,743.60, 2.6%).

Downers:

Largecap and midcap losers today include PB Fintech Ltd. (1,820.50, -5.5%), Axis Bank Ltd. (1,219.60, -5.1%) and Eternal Ltd. (284.45, -4.7%).

Movers and Shakers

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

Top high volume gainers on BSE included Kirloskar Oil Engines Ltd. (1,227.10, 8.0%), Tata Teleservices (Maharashtra) Ltd. (51.36, 5.5%) and Supreme Industries Ltd. (3,405.80, 4.1%).

Top high volume losers on BSE were Axis Bank Ltd. (1,219.60, -5.1%), Kirloskar Brothers Ltd. (1,647.40, -3.0%) and Jubilant Foodworks Ltd. (560.20, -3.0%).

Lloyds Metals & Energy Ltd. (1,309.50, 1.7%) was trading at 11.6 times of weekly average. Chambal Fertilisers & Chemicals Ltd. (445.80, 2.1%) and Five-Star Business Finance Ltd. (591.55, 2.9%) were trading with volumes 7.7 and 4.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks hit their 52 week highs, while 14 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Ashok Leyland Ltd. (167.75, 0.6%), Hindustan Zinc Ltd. (567.70, -0.1%) and Vedanta Ltd. (569.50, 3.7%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,771.40, -0.4%) and Jubilant Foodworks Ltd. (560.20, -3.0%).

7 stocks climbed above their 200 day SMA including Aditya Birla Sun Life AMC Ltd. (769.75, 2.8%) and Bharti Hexacom Ltd. (1,743.60, 2.6%). 13 stocks slipped below their 200 SMA including Syngene International Ltd. (644.55, -2.4%) and Cholamandalam Financial Holdings Ltd. (1,858.90, -2.1%).

 
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