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Trendlyne Marketwatch
30 Dec 2025, 04:11PM
Market closes flat as gains in metal & auto stocks offset losses in other sectors
By Trendlyne Analysis

 

Nifty 50 closed at 25,938.85 (-3.3, 0.0%), BSE Sensex closed at 84,675.08 (-20.5, 0.0%) while the broader Nifty 500 closed at 23,668.80 (-13.3, -0.1%). Market breadth is in the red. Of the 2,608 stocks traded today, 1,094 were in the positive territory and 1,457 were negative.

Indian indices closed flat after switching between gains and losses as gains in metal and auto stocks offset losses in other sectors. The Indian volatility index, Nifty VIX, closed 0.4% lower at 9.7 points. Cupid closed 4.8% higher after its board approved setting up a new FMCG manufacturing facility in Saudi Arabia.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Metal and Nifty PSU Bank 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 1.6%.

European indices are trading flat or higher. Major Asian indices closed with varied trends. US index futures are trading mixed, signalling a cautious start to the session amid continued pressure on tech stocks. Investors also await the Federal Reserve’s meeting minutes set to be released later today.

  • Relative strength index (RSI) indicates that Hindustan Copper is in the overbought zone.

  • Bajaj Finance's promoters, Siddhantnayan Bajaj and Sanjali Bajaj, acquire 18 lakh shares worth Rs 179.9 crore. The transactions were executed at an average price of Rs 997 per share.

  • Honasa Consumer surges as its promoter, Varun Alagh, acquires 18.5 lakh equity shares (or 0.6% stake) for Rs 50 crore at an average price of Rs 270 through a block deal, raising his holding to 32.5%.

  • Nazara Technologies is rising sharply as SBI Mutual Fund sells 48 lakh crore shares (2.4% stake) for Rs 216 crore through a bulk deal. The transaction was executed at an average price of Rs 240.1 per share.

  • PVR Inox is falling as its promoter & MD, Ajay Kumar Bijli, pledges 4 lakh shares in favour of Infina Finance and HSBC InvestDirect Financial Services. 

  • Motilal Oswal reiterates its ‘Buy’ rating on Apollo Tyres, with a target price of Rs 600 per share. The brokerage sees healthy demand in India across passenger vehicles, two-wheelers, and light commercial vehicles, while export demand remains strong. Although margins in India face near-term pressure due to higher promotional spending. It expects the company to deliver a 22% earnings CAGR over FY26-28.

  • Waaree Renewable Tech bags a revised order worth Rs 102.9 crore from pig iron and seamless tube manufacturers to develop a 35 megawatt peak ground-mounted solar power project.

  • Cupid rises sharply as its board approves setting up a new FMCG manufacturing facility in Saudi Arabia. The proposed plant is part of the company's expansion and aims to strengthen its presence across Saudi Arabia and the wider Gulf Cooperation Council (GCC) market.

  • 27 lakh shares (4.6% stake) in Taj GVK Hotels & Resorts, worth Rs 115 crore, reportedly change hands in a block deal at an average price of Rs 422 per share.

  • Punjab & Sind Bank announces an extraordinary general meeting (EGM) on January 21, 2026. The bank seeks shareholder approval to raise up to Rs 3,000 crore through a Qualified Institutional Placement (QIP). This will support lending growth, overall business expansion, and compliance with regulatory shareholding requirements.

  • Indian Overseas Bank is rising as it receives approval from the Reserve Bank of India to set up an International Financial Services Centre Banking Unit at GIFT City, Gujarat.

  • Orient Technologies surges over 14% as its shareholders approve a 1-for-10 bonus issue of shares.

  • Mangalam Drugs & Organics surges to its 5% upper circuit after investor Vijay Kedia buys 1.4 lakh shares worth about Rs 33.3 crore via a bulk deal. Kedia executed the transaction through Kedia Securities at an average price of Rs 24.2 per share. 

  • NBCC (India) concludes an e-auction of 417 residential units across Noida and Greater Noida, generating total sales of around Rs 1,045.4 crore. The company earns a 1% marketing fee on the transaction as part of its normal business operations.

  • Hindalco Industries is rising as its group company, AV Minerals, invests $750 million (~Rs 6,656 crore) in its subsidiary, Novelis, by acquiring 50 lakh shares at an average price of $150 per share.

  • Entero Healthcare Solutions is rising sharply as ICICI Prudential Mutual Fund buys 21.8 lakh shares (~5% stake) for Rs 207.3 crore through a bulk deal at an average price of Rs 950 per share.

  • Shyam Metalics & Energy is rising as its subsidiary, Ramsarup Industries, expands steel capacity by adding a 0.5 million tonnes per annum (MTPA) blast furnace. 

  • Gujarat Kidney and Super Speciality's shares debut on the bourses at a 5.3% premium to the issue price of Rs 114. The Rs 250.8 crore IPO received bids for 5.2 times the total shares on offer.

  • Waaree Energies is falling as its Chief Executive Officer (CEO), Amit Paithankar, tenders his resignation. The board appoints Jignesh Rathod as the new CEO, effective May 15.

  • Grasim Industries' board of directors approves the merger of Essel Mining & Industries (EMIL) with its subsidiary, Aditya Birla Renewables.

  • CLSA retains its 'Buy' call on Dixon Technologies, but lowers target price to Rs 15,800 per share. This indicates a potential upside of 33.2%. The brokerage believes the company's near-term outlook remains weak due to declining smartphone sales in India, market share losses for clients, and concerns around regulatory approvals. It expects flat topline YoY growth in Q3FY26, potentially leading to a guidance cut for FY26. 

  • Indostar Capital Finance is rising as its board approves the sale of a portion of its commercial vehicle (CV) loan book worth Rs 135.7 crore to Phoenix ARC for Rs 108.6 crore.

  • The government of Gujarat appoints Rajkumar Beniwal as the new Managing Director (MD) of Gujarat Narmada Valley Fertilizers & Chemicals, succeeding T. Natarajan, effective December 29.

  • Rail Vikas Nigam emerges as the lowest bidder for an order worth Rs 201.3 crore from East Coast Railway to set up a Periodic Overhaul (POH) wagon workshop with 200-wagon capacity at Kantabanji in Odisha.

  • Bharat Electronics is rising as it secures orders worth Rs 569 crore for radars, tank overhauling, communication equipment, fire control systems, simulators, antenna stabilisation systems, security software and related services.

  • Nifty 50 was trading at 25,908.05 (-34.1, -0.1%), BSE Sensex was trading at 84,557.40 (-138.1, -0.2%), while the broader Nifty 500 was trading at 23,635.35 (-46.8, -0.2%).

  • Market breadth is in the red. Of the 2,075 stocks traded today, 682 were in the positive territory and 1,325 were negative.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (35.80, 5.8%), Steel Authority of India (SAIL) Ltd. (141.02, 5.2%) and Jindal Stainless Ltd. (836, 5.1%).

Downers:

Largecap and midcap losers today include Lloyds Metals & Energy Ltd. (1,294.30, -6.7%), Coromandel International Ltd. (2,265.50, -4.2%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,384.20, -3.8%).

Movers and Shakers

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

Top high volume gainers on BSE included Asahi India Glass Ltd. (1,037.60, 7.7%), Indian Overseas Bank (35.80, 5.8%) and Honasa Consumer Ltd. (291.35, 5.2%).

Top high volume losers on BSE were Lloyds Metals & Energy Ltd. (1,294.30, -6.7%), Caplin Point Laboratories Ltd. (1,790.70, -5.4%) and PTC Industries Ltd. (18,213, -5.0%).

TVS Holdings Ltd. (13,588, -2.0%) was trading at 12.9 times of weekly average. Godrej Industries Ltd. (967.70, -2.8%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,384.20, -3.8%) were trading with volumes 12.5 and 11.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks made 52 week highs, while 12 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (3,920, 2.2%), Ashok Leyland Ltd. (178.63, 2.1%) and Canara Bank (154.03, 2.1%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,732.10, 0.4%) and Colgate-Palmolive (India) Ltd. (2,053.40, -0.8%).

13 stocks climbed above their 200 day SMA including Hexaware Technologies Ltd. (762.45, 2.9%) and  JM Financial Ltd. (148.26, 2.8%). 28 stocks slipped below their 200 SMA including Lloyds Metals & Energy Ltd. (1,294.30, -6.7%) and Intellect Design Arena Ltd. (955.70, -4.2%).

 
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