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Trendlyne Marketwatch
19 Dec 2025, 03:55PM
Market closes higher on softer US inflation and foreign investor buying
By Trendlyne Analysis

 

Nifty 50 closed at 25,966.40 (150.9, 0.6%) , BSE Sensex closed at 84,929.36 (447.6, 0.5%) while the broader Nifty 500 closed at 23,677.55 (186.1, 0.8%). Market breadth is surging up. Of the 2,596 stocks traded today, 1,768 showed gains, and 777 showed losses.

Indian indices closed higher after rising in the morning session. The Indian volatility index, Nifty VIX, fell 1.9% and closed at 9.5 points. ICICI Prudential Asset Management Co's shares made their debut on the bourses at a 20.1% premium to the issue price of Rs 2,165. The Rs 10,602.6 crore IPO received bids for 39.2 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. S&P BSE IPO and Nifty India Defence were among the top index gainers today. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 3.4%.

Asian indices closed higher, except for Indonesia’s IDX Composite. European indices are trading mixed. US index futures are trading higher as softer inflation data raises hopes of easier monetary policy from the Federal Reserve next year. Brent crude futures are trading lower as optimism grows over potential progress in talks to end the Ukraine war, ahead of a US meeting with Russian officials this weekend.

  • Relative strength index (RSI) indicates that stocks like NCC, Power Finance Corp and SKF India are in the oversold zone.

  • Hexaware Technologies is rising as its board of directors approves the merger of its subsidiaries, Softcrylic Technology Solutions India and Mobiquity Softech, with itself.

  • Biocon is rising as it receives an establishment inspection report (EIR) with a voluntary action indicated (VAI) status from the US FDA for its facility in New Jersey, USA. The facility manufactures oral solid dosage (OSD) medicines, primarily tablets and capsules, for the US market.

  • Gujarat Ambuja Exports surges as it adds 30,000 tonnes per annum (TPA) capacity with the launch of India’s first maize starch–based fermentation plant for sodium gluconate in Hubli, Karnataka. The company plans to expand total capacity to 1.2 lakh TPA by 2028.

  • Goldman Sachs downgrades Hitachi Energy India to a 'Hold' rating with a target price of Rs 20,400. The brokerage believes much of the upside is already priced in, amid a slowdown in HVDC (high-voltage direct current) order momentum. Despite the downgrade, it remains constructive on the company’s medium- to long-term earnings outlook, and expects it to maintain ~50% share of the domestic HVDC market.

  • Motilal Oswal initiates coverage on Crompton Greaves Consumer Products with a 'Buy' call and a target price of Rs 350 per share. This implies a potential upside of 39.2%. The brokerage believes that higher investments in advertisement & promotional spending, and efforts to improve brand strength & product portfolio will support revenue and profitability growth. It expects the firm to deliver a revenue CAGR of 8% over FY26-28.

  • Hindustan Construction's (HCC's) 65:35 joint venture (JV) with Vensar Constructions Co (VCCL) secures an order worth Rs 901 crore from Northeast Frontier Railway (NFR). The contract involves constructing a 3.5 km tunnel on the Tupul-lmphal new Broad Gauge (BG) railway line.

  • NBCC (India) surges as it receives an order worth Rs 179.4 crore from the Indian Institute of Management, Sambalpur, for project management consultancy services for Phase II development of its campus.

  • Jeet Adani, Director at Adani Airports Holdings (AAHL), says the company has outlined a Rs 1 lakh crore capex plan over five years for air-side, terminal and city-side development across the Adani Group’s eight airports. He adds that AAHL is evaluating a public market listing between 2027-30, potentially through an IPO or a demerger.

  • Piramal Finance enters an agreement with Sanlam Emerging Markets Mauritius (SEMM) to sell its entire 14.7% stake in Shriram Life Insurance Co for Rs 600 crore. This divestment aligns with the company's focus on monetising non-core assets.

  • GPT Infraprojects rises sharply as it secures a Rs 1,804.5 crore contract from the Municipal Corp of Greater Mumbai to build a flyover in the city’s eastern suburbs. The project will be executed through a joint venture, with GPT holding a 26% share valued at Rs 469.2 crore.

  • Aeroflex Industries surges more than 10% as its board of directors approves expanding the liquid cooling skid, flexible stainless-steel hoses and stainless-steel braided hoses capacity. The company will increase the liquid cooling skid capacity for data centres by 13,000 units per year. It will also install robotic welding lines & automatic welding stations for flexible stainless-steel hoses, and set up an annealing plant for stainless-steel braided hoses.

  • Vivek Mathur, CFO of KFin Technologies, projects 15–17% revenue growth in FY26 and expects margins to remain in the 40–45% range. He anticipates market momentum to sustain over the next three quarters. Mathur believes AMCs are well-positioned to absorb the impact on profitability, adding that there are no discussions with mutual funds on revisiting registrar and transfer agent (RTA) charges.

  • Mishra Dhatu Nigam secures an order worth Rs 121.8 crore, taking its open order book to Rs 2,520 crore.

  • Shree Cements falls as it declares a lockout of its cement plant in Raipur, Chhattisgarh, due to the non-cooperation of workmen. The company estimates that the lockout will impact cement production by 10,000 tonnes per day.

  • Refex Industries is rising as its subsidiary, Venwind Refex Power, signs a contract with an independent power producer (IPP) to supply wind turbine generators for a 148 megawatt wind project in Tamil Nadu.

  • Jefferies initiates coverage on Billionbrains Garage Ventures (Groww) with a 'Buy' rating and a target price of Rs 180. The brokerage notes that, despite launching in FY21, Groww has emerged as India’s largest broker by active clients. It sees multiple growth levers that could drive a 35% EPS CAGR over FY26–28, led by client additions and market share gains, as well as a sharp scale-up in newer businesses such as margin trading facility and wealth management.

  • Park Medi World enters an agreement to acquire KP Institute of Medical Sciences (KPIMS) for Rs 245 crore. KPIMS has a total bed capacity of 360 beds across North India.

  • BLS International is rising sharply as the Delhi High Court (HC) quashes the Ministry of External Affairs' (MEA's) order barring the company from its tenders for two years.

  • ICICI Prudential Asset Management Co's shares debut on the bourses at a 20.1% premium to the issue price of Rs 2,165. The Rs 10,602.6 crore IPO received bids for 39.2 times the total shares on offer.

  • Macquarie initiates coverage on Lenskart Solutions with an 'Outperform' rating and a target price of Rs 530. The brokerage highlights the company’s vertically integrated supply chain, strong execution, and scope for market share gains in India and overseas. Key catalysts include faster margin expansion across geographies, improved global execution, and quicker adoption of smart glasses.

  • Amber Enterprises is rising as it plans to expand its research & development (R&D) centre in Punjab for heating, ventilation & air conditioning (HVAC) products at a capex of Rs 500 crore.

  • Bharat Petroleum Corp rises as its board of directors approves forming a 49:51 joint venture (JV) with Coal India (CIL) to set up a coal gasification project at Western Coal Fields, Maharashtra.

  • HCL Technologies plans to acquire Hewlett Packard Enterprise's (HPE's) Telco Solutions business for $160 million (around Rs 1,440 crore) to strengthen its network propositions to global communication service providers.

  • Bharti Airtel is rising as its board of directors appoints Shashwat Sharma as the Managing Director (MD) and Chief Executive Officer (CEO) for five years, succeeding Gopal Vittal, effective January 1.

  • Nifty 50 was trading at 25,925.10 (109.6, 0.4%), BSE Sensex was trading at 84,824.71 (342.9, 0.4%), while the broader Nifty 500 was trading at 23,581.45 (90.0, 0.4%).

  • Market breadth is surging up. Of the 2,070 stocks traded today, 1,416 were in the positive territory and 582 were negative.

Riding High:

Largecap and midcap gainers today include Tata Elxsi Ltd. (5,413.50, 8.0%), Waaree Energies Ltd. (3,025.60, 5.1%) and Coromandel International Ltd. (2,358.50, 4.9%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (568.75, -2.3%), Voltas Ltd. (1,375.50, -1.9%) and HDFC Asset Management Company Ltd. (2,672.20, -1.9%).

Movers and Shakers

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

Top high volume gainers on BSE included Tata Elxsi Ltd. (5,413.50, 8.0%), Authum Investment & Infrastructure Ltd. (2,908.50, 7.6%) and ITI Ltd. (313.80, 6.6%).

Top high volume losers on BSE were Tanla Platforms Ltd. (535.75, -5.1%), Blue Star Ltd. (1,781.40, -4.0%) and Siemens Energy India Ltd. (2,747, -3.3%).

JBM Auto Ltd. (572.10, 5.2%) was trading at 31.3 times of weekly average. BLS International Services Ltd. (325.30, 2.8%) and EIH Ltd. (366.85, 1.8%) were trading with volumes 18.3 and 13.6 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 17 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Ashok Leyland Ltd. (173.56, 1.2%), Can Fin Homes Ltd. (936.60, 1.4%) and Federal Bank Ltd. (267.85, 0.9%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,751.50, -0.2%) and HFCL Ltd. (64.12, -0.8%).

20 stocks climbed above their 200 day SMA including ITI Ltd. (313.80, 6.6%) and Waaree Energies Ltd. (3,025.60, 5.1%). 5 stocks slipped below their 200 SMA including Blue Star Ltd. (1,781.40, -4.0%) and Aditya Birla Sun Life AMC Ltd. (760.70, -3.0%).

 
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