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Trendlyne Marketwatch
22 Dec 2025, 04:09PM
Market closes higher amid foreign investor inflows & rupee stabilization
By Trendlyne Analysis

 

 

Nifty 50 closed at 26,172.40 (206, 0.8%), BSE Sensex closed at 85,567.48 (638.1, 0.8%) while the broader Nifty 500 closed at 23,867.65 (190.1, 0.8%). Market breadth is overwhelmingly positive. Of the 2,628 stocks traded today, 1,790 were gainers and 780 were losers.

Nifty 50 closed in the green as the rupee recovered following RBI intervention and FIIs turned net buyers for the last three sessions. The Indian volatility index, Nifty VIX, rose 1.7% and closed at 9.7 points. Varun Beverages closed 3.6% higher as its board of directors approved acquiring a 100% stake in South Africa's Twizza Proprietary at an enterprise value of ~Rs 11,187 crore.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty India Defence and Nifty IT were among the top index gainers today. According to Trendlyne’s Sector dashboard, General Industrials emerged as the best-performing sector of the day, with a rise of 1.9%.

Asian indices closed in the green, while European indices are trading mixed. US index futures traded in the green, indicating a positive start to the trading session. Last week’s softer-than-expected US inflation data raised hopes of earlier Fed rate cuts in 2026. UBS anticipates a 25 basis-point cut in Q1CY26 as policy moves towards a ‘neutral’ stance, with US inflation likely peaking in Q2 before stabilizing near the Fed’s 2% target.

  • Money flow index (MFI) indicates that stocks like Whirlpool, Capri Global Capital, Central Bank and Aster DM Healthcare are in the oversold zone.

  • BSE surges as it reportedly plans to launch additional monthly index option products to expand its market share and strengthen competitiveness in the index derivatives segment.

  • KEC International rises sharply after the Delhi High Court pauses Power Grid Corp’s nine-month ban on the company. The court also allows KEC to continue participating in tenders, providing temporary relief from the restriction imposed on November 18.

  • Cummins India rises sharply as it receives an order from the Income Tax Appellate Tribunal for FY17-18, granting relief on disputed tax adjustments worth Rs 210.3 crore.

  • A Union Bank of India report suggests the RBI may cut the repo rate by 25 basis points during its February policy meeting to 5%. The report highlights the central bank’s focus on benign inflation and subdued underlying price pressures, adding that inflation appears even more moderate after adjusting for the roughly 50 bps impact from gold.

  • Ceigall India is rising as it secures an order worth Rs 550 crore from Madhya Pradesh Urja Vikas Nigam (MPUVNL) to build 130 MW of solar power projects under the PM KUSUM-C scheme.

  • Rites surges as it signs a memorandum of understanding (MoU) with the Republic of Botswana to develop and modernise the country’s transport infrastructure.

  • UltraTech Cement receives an order from the joint commissioner of Central GST and Central Excise, Patna, directing it to pay Rs 390 crore in alleged tax dues. The demand relates to underpayment of GST and input tax credit issues during FY19-23.

  • Antique Stock Broking retains its 'Hold' rating on KPR Mill with a target price of Rs 1,062. The brokerage sees FY26 as a stable year for the company, driven by steady growth in its garment and sugar-ethanol businesses. It expects revenue to grow about 12% YoY, with operating margins largely steady, supported by recovering European demand, a stronger sugar-ethanol segment, and gradual normalisation of export markets.

  • Bondada Engineering rises sharply as it wins a Rs 945.1 crore order from NLC India for an 810 MW solar project at a solar park in Bikaner, Rajasthan. The work includes design, development, manufacture, installation, and three years of maintenance.

  • Emmvee Photovoltaic Power surges as it expands its solar module manufacturing capacity by 2.5 gigawatts (GW) at its Bengaluru factory. The company's total capacity now stands at 10.3 GW.

  • Akums Drugs & Pharmaceuticals is rising as 72.8 lakh shares (4.6% stake), worth Rs 311.5 crore, reportedly change hands in a block deal at an average price of Rs 428 per share.

  • BSE announces its semi-annual index reconstitution, effective today. The reshuffle impacts key indices, including the Sensex, where InterGlobe Aviation (IndiGo) replaces Tata Motors Passenger Vehicles following the demerger of Tata Motors’ commercial and passenger vehicle businesses. The BSE 500 also sees significant changes, with 32 additions and 32 deletions, with ITC Hotels and Reliance Power entering the index.

  • Dilip Buildcon rises as it emerges as the lowest bidder for a 1,363.6 MW grid-connected solar project awarded by Madhya Pradesh Urja Vikas Nigam. The project offers an engineering, procurement and construction (EPC) opportunity of about Rs 4,900 crore, with power sold to Madhya Pradesh Power Management Co under a 25-year power purchase agreement.

  • Indian Hotels Co is rising as it enters a binding agreement to sell its entire 25.5% stake in Taj GVK to the GVK-Bhupal family for Rs 592 crore. Post-deal, the GVK-Bhupal family’s stake will rise to about 75%.

  • John Cockerill India is rising as it plans to acquire a 100% stake in John Cockerill Metals International SA, Belgium, for about €50 million (around Rs 525 crore). The acquisition aims to consolidate and strengthen the John Cockerill Group’s metal business operations.

  • JM Financial initiates coverage on GMR Airports with a 'Buy' rating and a target price of Rs 120. The brokerage believes Indian aviation is set for strong growth, supported by rising incomes and higher leisure spending. It highlights a robust pipeline of new airport projects, a healthy aircraft delivery order book, and expectations of sharp growth in both domestic and international passenger traffic.

  • Craftsman Automation is rising as its subsidiary, DR Axion, plans to acquire Suprash Developers & Srikara Tech for Rs 145.8 crore to buy 52.8 acres of industrial land at Araneri Village in Sriperumbudur Taluk, Kancheepuram district, for a new manufacturing plant.

  • GE Vernova T&D India surges as it receives a 2,500-megawatt power transmission order from AESL Projects for the Khavda–South Olpad project.

  • Tata Chemicals is rising as its wholly owned subsidiary, Tata Chemicals International (TCIPL), plans to acquire Singapore-based Novabay for €25 million (around Rs 262 crore) to strengthen its capabilities in premium-grade products.

  • Morgan Stanley downgrades Titagarh Rail Systems to an 'Equalweight' rating and a lower target price of Rs 771. The brokerage attributes its cautious stance to weak freight demand and limited backlog visibility, noting that the stock has underperformed the Sensex by 21% over the past three months. While freight supports near-term earnings, the ~9,047-wagon order book provides visibility only through H1 FY27, making fresh passenger orders critical.

  • Concord Control Systems surges to its 5% upper limit as its wholly-owned subsidiary, Advanced Rail Controls, secures an order worth Rs 139.3 crore from Indian Railways to supply, install and commission the Loco wireless control system.

  • Granules India is rising as its subsidiary receives tentative approval from the US FDA for its abbreviated new drug application (ANDA) for Amphetamine Extended-Release Orally Disintegrating tablets. The drug is used to treat attention deficit hyperactivity disorder (ADHD) and has an estimated market size of approximately $172 million, according to IQVIA.

  • Fortis Healthcare rises as its subsidiary, International Hospital, plans to acquire a 125-bedded People Tree Hospital in Bengaluru, for Rs 430 crore, through the acquisition of TMI Healthcare. The deal includes a 0.8-acre adjacent land parcel, enabling expansion to over 300 beds, with an additional Rs 410 crore investment planned over the next three years.

  • Varun Beverages is rising as its board of directors approves acquiring a 100% stake in South Africa's Twizza Proprietary at an enterprise value of ZAR 2.1 billion (~Rs 11,187 crore). The company will carry out the acquisition through its subsidiary, The Beverages Co Proprietary.

  • Nifty 50 was trading at 26,093.90 (127.5, 0.5%), BSE Sensex was trading at 85,289.88 (360.5, 0.4%), while the broader Nifty 500 was trading at 23,786.80 (109.3, 0.5%).

  • Market breadth is highly positive. Of the 2,172 stocks traded today, 1,698 showed gains, and 411 showed losses.

Riding High:

Largecap and midcap gainers today include Solar Industries India Ltd. (12,620, 6.0%), GE Vernova T&D India Ltd. (3,097.80, 5.8%) and Mazagon Dock Shipbuilders Ltd. (2,544.80, 5.7%).

Downers:

Largecap and midcap losers today include Siemens Energy India Ltd. (2,616.50, -4.8%), Cholamandalam Investment & Finance Company Ltd. (1,584.90, -3.8%) and Dixon Technologies (India) Ltd. (12,845, -3.2%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Jupiter Wagons Ltd. (310.45, 19.3%), Cochin Shipyard Ltd. (1,666.30, 7.6%) and Devyani International Ltd. (139.27, 6.4%).

Top high volume losers on BSE were Siemens Energy India Ltd. (2,616.50, -4.8%), Cholamandalam Investment & Finance Company Ltd. (1,584.90, -3.8%) and MphasiS Ltd. (2,887, -0.1%).

Rail Vikas Nigam Ltd. (332.50, 4.2%) was trading at 5.6 times of weekly average. Rites Ltd. (232.60, 2.7%) and Ircon International Ltd. (156.81, 2.5%) were trading with volumes 5.4 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

25 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (3,939, 3.6%), Ashok Leyland Ltd. (177.05, 2.0%) and Bharat Forge Ltd. (1,457, 1.2%).

Stock making new 52 weeks lows included - PCBL Chemical Ltd. (308.80, 0.6%).

25 stocks climbed above their 200 day SMA including Lloyds Metals & Energy Ltd. (1,352.50, 4.0%) and Steel Authority of India (SAIL) Ltd. (130.06, 3.3%). 5 stocks slipped below their 200 SMA including Hexaware Technologies Ltd. (746.05, -5.9%) and Cholamandalam Investment & Finance Company Ltd. (1,584.90, -3.8%).

 
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