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Trendlyne Marketwatch
27 Aug 2026
Market closes lower, led by losses in metal and banking stocks
By Trendlyne Analysis

 

Nifty 50 closed at 24,090.85 (-116.9, -0.5%), BSE Sensex closed at 76,933.59 (-539.4, -0.7%), while the broader Nifty 500 closed at 23,482 (-77.2, -0.3%). Market breadth is in the red. Of the 2,807 stocks traded today, 1,049 were gainers, and 1,703 were losers.

Indian indices closed lower, dragged down by losses in metal and banking stocks. The Indian volatility index, Nifty VIX, rose 4.8% and closed at 11.1 points. Transformer manufacturers such as Quality Power, BHEL and Voltamp Transformers rose sharply after US President Donald Trump signed an executive order declaring a national emergency and restricting the use of certain foreign equipment in the US electricity grid.

Nifty Midcap 100 and Nifty Smallcap 100 closed flat. Nifty Cement and Nifty Pharma 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 2.6%.

Asian indices closed mixed, while European indices are trading with varied trends. US index futures traded mixed. US officials said USS Theodore Roosevelt will deploy to the Middle East in the coming weeks for at least seven months. This comes as the US Navy faces strain from the ongoing war and global commitments. Meanwhile, Nvidia reported record Q2 revenue of $96.2 billion, beating estimates and rising 106% YoY, driven by strong data-centre demand and the continued ramp-up of its AI platforms.

  • Money Flow Index (MFI) indicates that stocks like Kennametal India, Max Estates and Enetro Healthcare Solutions are in the overbought zone.

  • Skipper is rising as it wins orders worth Rs 1,305 crore for power transmission projects in India and overseas. The company will supply transmission towers and poles for projects in North America and has also secured two large power transmission line projects in India.

  • Apollo Tyres sees around 2.1 crore shares (~3.4% stake) reportedly change hands in a Rs 930 crore block deal.

  • Tata Power is falling as a Singapore court rejects its challenge to a $490 million arbitration award in a dispute with Kleros Capital Partners. Kleros alleges Tata Power used confidential information from their earlier joint-bid talks to pursue a Russian coal project on its own. Tata Power plans to appeal.

  • BPCL CMD Sanjay Khanna says the company plans to raise Kochi Refinery’s capacity to 17 million metric tonnes per annum (MMTPA) from 15.5 MMTPA, strengthening refinery-petrochemical integration and expanding its higher-value product portfolio. He also highlighted BPCL’s $11.7/bbl refining margin, the highest among PSU oil marketing companies.

  • HDFC Bank is falling as a US class-action lawsuit alleges the lender disguised about Rs 45 crore of payments to the Maharashtra State Road Development Corporation (MSRDC) as marketing expenses to secure large deposits. The complaint also alleges senior management approved the payments, which effectively offered MSRDC a 6.01% interest rate, 2.51 percentage points above other savings accounts.

  • Capacit'e Infraprojects receives a Rs 741 crore letter of intent from Mahindra Lifespace Developers for construction work at Mahindra Rainforest in Kanjurmarg and Mahindra Beacon Hill in Mahalaxmi.

  • Max Healthcare’s wholly owned subsidiary, Alps Hospital, receives Rs 55.2 crore GST demand notice, along with proposed penalties of Rs 110.5 crore.

  • Singtel reiterates plans to align its 26.8% effective stake in Bharti Airtel with the Mittal Group’s 23.2% holding, narrowing the 3.6% gap worth around Rs 42,500 crore. Gradual stake sales over the next 3–4 years are expected to create an overhang on Bharti Airtel’s stock.

  • Bombay Burmah Trading Corp soars over 13% as the Supreme Court (SC) withdraws its observation regarding a Rs 4,655 crore rent lease liability for a tea estate in Tamil Nadu. The court had noted in May that the lease was yet to be recovered by the State Government. However, the SC now states that this amount was never officially demanded from the company via a formal notice, nor was the company given an opportunity to be heard regarding this specific liability.

  • Pine Labs is rising as Investec initiates coverage on the stock with a 'Buy' call and a target price of Rs 200 per share. This indicates a potential upside of 17.2%. The brokerage is positive on the stock, driven by leadership across merchant payments and high-margin value-added businesses, as well as the potential for strong earnings growth. It expects the firm to deliver a revenue CAGR of 20% over FY27-29.

  • Alpha Wave India I LP reportedly plans to sell a 7.8% stake in Aye Finance for Rs 320.4 crore through a block deal at a floor price of Rs 167 per share.

  • ACME Solar Holdings declines despite securing Rs 1,571 crore in funding for the construction and development of ACME Renewtech Sixth, a 300 MW assured peak power project in Rajasthan. IIFCL will be the sole lender, with a 19-year repayment tenure. The latest funding takes ACME Solar’s total financing secured in the current fiscal to Rs 10,976 crore.

  • Foseco India falls as its promoters, Morganite Crucible and Morgan Terrassen BV, reportedly plan to sell a 15.3% stake for Rs 664.4 crore through a block deal at a floor price of Rs 5,773.6 per share.

  • Transformer manufacturers like Quality Power Electrical Equipments, Bharat Heavy Electricals and Voltamp Transformers are rising sharply as US President Donald Trump signs an executive order declaring a national emergency and restricting the use of certain foreign equipment in the US electricity grid. The order is the latest move by President Trump to address technology threats posed by China and follows a recent decision by the European Commission to ban Chinese-made inverters from publicly funded energy projects.

  • ICICI Prudential Asset Management Co is falling sharply as its promoter, Prudential Corp Holdings, plans to sell a 2% stake (or 98.9 lakh shares) worth up to Rs 3,186 crore.

  • Rising maize diversion to ethanol production significantly increases poultry feed costs, driving a 35–40% rise in egg prices over the past year. Maize prices have nearly doubled in three years, with the crop accounting for 65–70% of poultry production costs. Experts expect prices to rise further as winter demand picks up and ethanol-related diversion increases.

  • Viyash Scientific promoter Carlyle Group's CA Harbor Investments and CA Hull Investments sell 5 crore shares worth Rs 1,334.2 crore through multiple block deals at an average price of Rs 264.9 per share. Mansi Share and Stock Broking, F3 Advisors and Neo Apex Share Broking Services, among others, pick up the shares.

  • Time Technoplast rises as its board of director approves the merger of its subsidiary, TPL Plastech, with itself. Separately, the board also cancels the acquisition of a 74% stake in Ebullient Packaging due to the West Asia conflict.

  • Man Infraconstruction rises as its board of directors schedules a meeting for September 1 to consider a proposal for a buyback of equity shares.

  • Rishi Anand, MD & CEO of Aadhar Housing Finance, expects 20% growth in AUM and net profit in FY27. He views the sequential increase in asset-quality stress as seasonal. The company is targeting a 70:30 home loan to non-home loan mix to balance yields, risk and regulatory requirements in its affordable housing portfolio.

  • GR Infraprojects is falling as it receives a Rs 322 crore GST demand from Indore Tax Authority for assesment year FY21.

  • Titagarh Rail Systems is rising as it signs a memorandum of understanding (MoU) with Siemens to jointly undertake international metro projects.

  • Swan Defence & Heavy Industries is rising as it receives National Company Law Tribunal (NCLT) approval to merge Triumph Offshore with itself.

  • Bharat Electronics secures orders worth Rs 730 crore for defence equipment, including communication equipment, radar, avionics, tank subsystem, electro-optics, cyber security, perimeter security, etc.

  • Nifty 50 was trading at 24,250.05 (42.3, 0.2%), BSE Sensex was trading at 77,679.96 (207.0, 0.3%), while the broader Nifty 500 was trading at 23,604.25 (45.1, 0.2%).

  • Market breadth is in the green. Of the 2,226 stocks traded today, 1,273 were on the uptrend, and 877 went down.

Riding High:

Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (433.95, 4.4%), CG Power and Industrial Solutions Ltd. (897.90, 3.8%) and Adani Power Ltd. (215, 3.8%).

Downers:

Largecap and midcap losers today include ICICI Prudential Asset Management Company Ltd. (3,093, -4.0%), Muthoot Finance Ltd. (3,085, -3.8%) and HDFC Asset Management Company Ltd. (2,575, -3.5%).

Volume Rockets

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

Top high volume gainers on BSE included The Bombay Burmah Trading Corporation Ltd. (1,592, 11.6%), Whirlpool of India Ltd. (844, 9.4%) and NMDC Steel Ltd. (45.07, 8.8%).

Top high volume losers on BSE were Alok Industries Ltd. (10.53, -6.7%), ICICI Prudential Asset Management Company Ltd. (3,093, -4.0%) and Tata Power Company Ltd. (352, -3.3%).

Travel Food Services Ltd. (1,332, 3.4%) was trading at 16.3 times of weekly average. Shyam Metalics and Energy Ltd. (1,040, -0.1%) and Crisil Ltd. (4,708, 4.3%) were trading with volumes 9.9 and 7.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks hit their 52 week highs, while 12 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Divi's Laboratories Ltd. (9,060, 0.4%), GlaxoSmithKline Pharmaceuticals Ltd. (3,075, 1.3%) and Glenmark Pharmaceuticals Ltd. (2,460, 0.9%).

Stocks making new 52 weeks lows included - Dabur India Ltd. (386.20, -1.5%) and Gujarat Energy Ltd. (251, -1.2%).

10 stocks climbed above their 200 day SMA including NMDC Steel Ltd. (45.07, 8.8%) and LIC Housing Finance Ltd. (535.50, 2.1%). 11 stocks slipped below their 200 SMA including Container Corporation of India Ltd. (493.05, -4.6%) and HDFC Asset Management Company Ltd. (2,575, -3.5%).

 
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