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Trendlyne Marketwatch
26 Aug 2026
Market closes lower, led by losses in IT, FMCG and auto stocks
By Trendlyne Analysis

 

Nifty 50 closed at 24,207.75 (-126.8, -0.5%), BSE Sensex closed at 77,472.94 (-183.2, -0.2%), while the broader Nifty 500 closed at 23,559.20 (-52.4, -0.2%). Market breadth is in the green. Of the 2,807 stocks traded today, 1,504 were in the positive territory, and 1,250 were negative.

Indian indices closed lower, led by losses in IT, FMCG and auto stocks. The Indian volatility index, Nifty VIX, fell 4.6% and closed at 10.6 points. Adani Energy Solutions secured an order worth Rs 4,700 crore to develop a transmission project to evacuate 4.5 GW of renewable energy from Karnataka to load centres in Maharashtra.

Nifty Midcap 100 closed flat, while Nifty Smallcap 100 closed higher. BSE Commodities and BSE Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 2.9%.

Asian indices closed mixed, while European indices are trading higher, except for Russia’s MOEX & RTSI indices. US index futures traded mixed. Iranian Deputy Foreign Minister Kazem Gharibabadi said the Strait of Hormuz would remain closed despite a temporary transit agreement with Oman, insisting Washington must honor its commitments under the memorandum of understanding before the waterway is fully reopened. Meanwhile, US President Donald Trump said all mines had been cleared from the strait’s international waters and warned that any ships laying new mines would be “destroyed.”

  • Relative Strength Index (RSI) indicates that stocks like Welspun Corp, Max Estates and Entero Healthcare are in the overbought zone.

  • Pitti Engineering touches its 52-week high of Rs 1,168 per share as Axis Direct retains its 'Buy' call with a higher target price of Rs 1,250 per share. This indicates a potential upside of 10.7%. The brokerage believes that capacity expansion, better utilisation and a diversified market will drive revenue growth, while rising value-added mix will support margin growth. It expects the company's revenue to grow at a CAGR of 18.1% over FY27-28.

  • SBI Cards and Payment Services rises as customer spending grows 21.6% YoY in July, well ahead of the industry’s 7.8% growth. The company added 1.8 lakh cards during the month, with net card additions 2.7 times higher than a year ago.

  • Rubicon Research is rising sharply as 2.1 crore shares worth Rs 3,557.4 crore reportedly change hands in multiple block deals on the NSE and BSE at an average price of Rs 1,660 per share.

  • InCred’s August 2026 cement channel check report indicates modest pricing gains in South India, with a Rs 20 per bag hike attempted in mid-August but only Rs 10 per bag sustained amid monsoon conditions. It expects another hike post-monsoon and a gradual demand recovery as construction activity resumes, while seeing weak Q2FY27 earnings with meaningful improvement only in H2FY27.

  • Hikal rises as its board of directors appoints Sameer Hiremath as the Chairman & Managing Director (CMD) for five years, effective October 1.

  • DCB Bank rises as it is reportedly in talks with private equity investors, including ChrysCapital, for a potential capital infusion. The discussions follow the bank’s approval to raise up to Rs 2,000 crore, including up to Rs 1,500 crore through equity, to support future growth.

  • Gujarat Themis Biosyn surges as its board approves a fundraise through a qualified institutional placement (QIP), with a floor price of Rs 372.6 per share.

  • Union Minister of State for Ports, Shipping and Waterways Shantanu Thakur says India pays nearly $75 billion annually to foreign shipping lines to transport commodities such as crude oil, gas, coal and urea. The government plans to add around 100 ships to the merchant fleet over the next five years to reduce reliance on foreign carriers and retain more freight payments within the domestic maritime industry.

  • Gabriel India rises as it forms a joint venture (JV) with South Korea's HL Klemove to expand its presence in the high-growth automotive segment. The companies will jointly develop and manufacture autonomous driving solutions and electronic products under the JV.

  • ACME Solar Holdings' subsidiary, ACME Marigold Urja, secures an order from Northeast Frontier Railway (NFR) to set up a 130 MW renewable energy project and supply power for 25 years at a tariff of Rs 4.4 per kilowatt-hour (kWh).

  • Physicswallah is rising sharply as 4.7 crore shares worth about Rs 550 crore change hands in a block deal at an average price of Rs 117.7 per share.

  • MTAR Technologies MD Srinivas Reddy expects FY27 revenue growth to exceed the earlier 80% guidance, supported by a strong order book, rising demand from clean-energy customers and capacity expansion. Bloom Energy remains a key growth driver, accounting for around 60–65% of MTAR's order book, with further orders expected.

  • MTAR Technologies is rising as it secures a purchase order worth Rs 126.7 crore from Nuclear Power Corp of India for coolant channel assemblies.

  • Gaja Alternative Asset Management's shares debut on the bourses at a 15.6% premium to the issue price of Rs 160. The Rs 550 crore IPO received bids for 31.3 times the shares on offer.

  • Varun Beverages plans to enter the alcoholic beverages business through its new wholly owned subsidiary, KIVA Spirits and Company. It appoints former Diageo and Pernod Ricard executive Prathmesh Mishra, who has over 30 years of industry experience, as CEO and Managing Director of the new business.

  • IDBI Bank rises over 5% as reports suggest Canada’s Fairfax Financial is the frontrunner to acquire the government’s stake in the bank. Fairfax may also get up to two years to consolidate its Indian banking holdings, easing the acquisition process. The deal, valued at over $5 billion, would be the largest foreign investment in an Indian bank.

  • NBCC (India) rises as it secures an order worth Rs 121.7 crore from the Rajasthan Council of School Education to upgrade 170 school buildings.

  • Billionbrains Garage Ventures (Groww) is falling sharply as 12.7 crore shares worth Rs 2,500 crore reportedly change hands in a block deal. Ribbit Capital is the likely seller in the transaction.

  • Welspun Corp is falling sharply as its promoters Welspun Investments & Commercials and MD & CEO Vipul Mathur reportedly plan to sell 63 lakh shares worth Rs 1,417 crore through a block deal at an average price of Rs 2,250 per share.

  • Motilal Oswal retains a ‘Buy’ rating on Cummins India with a lower target price of Rs 6,400, citing near-term pressure on operating margins. The brokerage sees Cummins India as a preferred player in the fast-growing data centre space, estimating 19% revenue CAGR for its power generation segment over FY27–29.

  • Advait Energy Transitions is rising sharply after securing an order worth Rs 134.6 crore from Madhya Pradesh Power Transmission Co (MPPTCL) to supply emergency restoration systems (ERS) for high-voltage power lines.

  • Sai Parenterals is rising sharply as its subsidiary, Noumed Pharmaceuticals, secures an AUD 30 million (~Rs 204 crore) contract renewal from an Australian pharmacy chain to supply over-the-counter (OTC) medicines over three years.

  • Adani Energy Solutions is rising as it secures an order worth Rs 4,700 crore to develop a transmission project to evacuate 4.5 gigawatt (GW) renewable energy from Karnataka to load centres in Maharashtra.

  • Cipla receives a Form 483 with seven observations from the US FDA after a current Good Manufacturing Practices (cGMP) inspection at its manufacturing facility in Pithampur.

  • Nifty 50 was trading at 24,318.30 (-16.3, -0.1%), BSE Sensex was trading at 77,903.46 (247.4, 0.3%), while the broader Nifty 500 was trading at 23,636.95 (25.4, 0.1%).

  • Market breadth is highly positive. Of the 2,199 stocks traded today, 1,617 were in the positive territory and 497 were negative.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (94.75, 7.3%), Hindustan Zinc Ltd. (626.50, 5.7%) and Steel Authority of India (SAIL) Ltd. (194.90, 5.6%).

Downers:

Largecap and midcap losers today include Varun Beverages Ltd. (421.25, -3.8%), Billionbrains Garage Ventures Ltd. (196.24, -3.3%) and Tata Communications Ltd. (1,644, -3.3%).

Volume Rockets

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

Top high volume gainers on BSE included Cyient Ltd. (1,047.70, 7.0%), Capri Global Capital Ltd. (256.35, 7.0%) and Anthem Biosciences Ltd. (927, 6.0%).

Top high volume losers on BSE were Varun Beverages Ltd. (421.25, -3.8%), Billionbrains Garage Ventures Ltd. (196.24, -3.3%) and Avenue Supermarts Ltd. (3,826.90, -2.1%).

ICICI Lombard General Insurance Company Ltd. (1,596.90, -1.2%) was trading at 8.7 times the weekly average. C.E. Info Systems Ltd. (1,006.20, 4.4%) and Global Health Ltd. (1,465, 4.3%) were trading with volumes 6.4 and 6.3 times the weekly average, respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bosch Ltd. (48,895, 0.4%), Divi's Laboratories Ltd. (9,025, 3.2%) and Ipca Laboratories Ltd. (1,954.80, 1.4%).

Stocks making new 52-week lows included - Gujarat Energy Ltd. (253.95, -1.0%) and Procter & Gamble Hygiene & Healthcare Ltd. (8,140, 0.6%).

10 stocks climbed above their 200 day SMA including IDBI Bank Ltd. (94.75, 7.3%) and Cyient Ltd. (1,047.70, 7.0%). 7 stocks slipped below their 200 SMA including Bharti Airtel Ltd. (1,902.10, -2.3%) and Life Insurance Corporation of India (415.30, -2.1%).

 
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