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Trendlyne Marketwatch
11 Sep 2026
Market closes lower but recovers from early losses as crude oil prices fall
By Trendlyne Analysis

 

Nifty 50 closed at 23,398.10 (-79.7, -0.3%), BSE Sensex closed at 74,781.76 (-120.8, -0.2%) while the broader Nifty 500 closed at 22,866.50 (-85.9, -0.4%). Market breadth is in the red. Of the 2,815 stocks traded today, 1,092 were on the uptrend, and 1,662 went down.

Indian indices closed lower but recovered from early losses as crude oil prices fell on reports of Iran-Oman talks with Gulf states over a Hormuz shipping deal. The Indian volatility index, Nifty VIX, rose 4.2% and closed at 12.3 points. Cochin Shipyard closed 9% lower after it projected that its EBITDA margin would plunge by 848 bps to 14% in FY27 due to a higher share of the lower-margin shipbuilding business.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Realty and BSE Realty Index are among the top index losers today. According to Trendlyne’s sector dashboard, Metals & Mining emerged as the worst-performing sector of the day, with a fall of 2.1%.

Asian markets closed lower. European markets traded higher, except for Russia’s RTSI and MOEX. US index futures traded higher. Investors await the US CPI data for August, due later today, for cues on inflation and the Fed’s policy decision next week. Meanwhile, Brent crude oil futures traded lower after reports said Gulf foreign ministers would meet Iran’s top diplomat in Oman on Monday to discuss a temporary shipping arrangement for the Strait of Hormuz.

  • Relative Strength Index (RSI) indicates that stocks like Strides Pharma Science and ASM Technologies are in the overbought zone.

  • Milky Mist Dairy Food soars to its 5% upper circuit as it expands Skyr and Greek yogurt capacity with a new 150 tonnes per day (TPD) manufacturing unit in Tamil Nadu.

  • Cochin Shipyard is falling sharply as it projects EBITDA margin to plunge by 848 bps to 14% in FY27 due to a higher share of the lower-margin shipbuilding business.

  • Vikram Solar is rising as it secures a 124 MW solar module supply order from Capital Energy for a project in Anantapur, Andhra Pradesh. It will supply high-efficiency G12R TOPCon modules, with deliveries starting in October 2026.

  • According to a CareEdge Ratings report, India’s telecom sector is poised to enter a growth phase, with industry revenue projected to increase by 12–14% in FY27 as operators increasingly focus on monetising their existing subscriber base. The sector is expected to see around 10% growth in average revenue per user (ARPU), driven by a potential tariff hike, continued premiumisation, and the ongoing migration of users from 2G to 4G and 5G networks.

  • One97 Communications (Paytm) is rising sharply as Jefferies retains a 'Buy' call with a higher target price of Rs 2,100 per share. This indicates a potential upside of 16.7%. The brokerage believes that Paytm's strong merchant base and loan-origination model will drive revenue growth. Initiatives around credit on UPI, cloud AI inference models, wealth offerings and expansion into overseas markets could provide additional growth levers. It expects the company to deliver a revenue CAGR of 25% over FY27-29.

  • Diamond Power Infrastructure is rising sharply as it exits the National Company Law Tribunal's (NCLT's) insolvency and bankruptcy resolution process by repaying its Rs 2,401 crore outstanding dues one year ahead of schedule.

  • ACME Solar Holdings is rising as it sets up a subsidiary, ACME Renewables FZCO, in the UAE to optimise international procurement, manage supply chains, and hedge raw materials like lithium carbonate and polysilicon.

  • Shree Renuka Sugars MD & CEO Susheel Kumar says Indian sugar refiners are gearing up to sell 2.5 lakh tonnes of white sugar in the domestic market. The move follows government directives requiring refiners to use imported raw sugar for local distribution. With domestic prices falling below the cost of imported sugar, the measure aims to help stabilise the market.

  • Jamna Auto Industries is rising as around 1.5 crore shares (~3.8% stake), worth approximately Rs 195 crore, reportedly change hands in block deals at an average price of Rs 128 per share.

  • Responsive Industries' board of directors schedules a meeting for September 17 to consider a proposal for a buyback of equity shares.

  • Varun Beverages' newly formed alcoholic-beverages subsidiary, Kiva Spirits, is reportedly in advanced talks to acquire Alcobrew Distilleries for Rs 2,000-2,500 crore. The deal could give Kiva an immediate portfolio of liquor brands, manufacturing facilities and a distribution network, helping Varun Beverages scale its alcohol business faster instead of building it from scratch.

  • BSE falls after rival NSE announces its Rs 22,662 crore IPO, which is set to open on September 17. Bernstein initiates coverage on BSE with an ‘Underperform’ rating and a target price of Rs 2,820, citing signs of moderation in the retail participation wave led by equity derivatives. The brokerage expects BSE’s market share gains to peak in FY27, after which growth is likely to normalise.

  • Sri Lotus Developers & Realty rises to its 52-week high of Rs 215 per share as its promoter, Anand Kamalnayan Pandit, sells 97.1 lakh shares worth Rs 195.3 crore through a bulk deal at an average price of Rs 199.9 per share. Smallcap World Fund buys the shares.

  • Pine Labs rises sharply after the RBI extends the deadline for payment aggregators to complete the re-KYC of existing merchants by six months to March 15, 2027. The extension reduces the immediate compliance pressure and risk of payment disruptions for merchants that have not completed verification.

  • Shankesh Jewellers surges as Q1FY27 net profit doubles YoY to Rs 43 crore, helped by better gross margins as material costs grow slower than revenue. Revenue jumps 55%, with corporate clients contributing 66% of sales.

  • Silver prices fall sharply on the MCX after international prices decline 4.6%, as a surge in crude oil prices stokes inflation concerns. Rising oil prices amid the US-Iran conflict weigh on stocks and bonds, while the latest inflation data raises fears that the Federal Reserve may hike interest rates soon amid mounting pressure from higher energy costs.

  • Societe Generale ODI and Goldman Sachs Investments Mauritius I acquire 73.1 lakh shares of Computer Age Management Services (CAMS) worth Rs 498.2 crore through a bulk deal at an average price of Rs 681.8 per share. Fidelity Rutland Square Trust II and FMRC Fidelity Emerging Markets Fund sell the shares.

  • Granules India is falling as its promoter, Krishna Prasad Chigurupati, reportedly plans to sell a 6.9% stake worth Rs 1,500 crore through a block deal at a price of Rs 872.5 per share.

  • NIIT Learning targets revenue to reach $600 million (~Rs 5,742 crore) with an EBITDA margin over 20% by 2032, driven by investments in sales & marketing, new segments and acquisitions.

  • PI Industries declines over 4% after one of its largest Japanese clients and buyers of the pyroxasulfone active ingredient, Kumiai Chemical, sharply cuts its operating profit guidance for the fiscal year ending October 31, 2026, to ¥2.7 billion from the earlier ¥7.2 billion. Kumiai’s revision highlights continued demand and pricing pressures in the agrochemical sector, which are affecting PI Industries’ key revenue stream.

  • Krishna Institute of Medical Sciences (KIMS) enters an operations & management (O&M) agreement with Sarvottam Health Care to manage its 183 bed hospital in Andhra Pradesh for five years. KIMS will receive 9% of net revenue of the hospital as management fees, with an option to extend the agreement for another five years.

  • Premier Energies' subsidiary, Premier Battery Technologies, signs a binding term sheet with RCT Energy India to form a joint venture. The JV will establish a 12 GWh battery energy storage system manufacturing facility in Telangana, with the first 6 GWh phase expected in FY27-28. Premier’s subsidiary will initially own 85% of the venture.

  • Neogen Chemicals' board of directors approves a Rs 600 crore qualified institutional placement (QIP) of equity shares at a floor price of Rs 2,189.7 per share.

  • Vodafone Idea is rising as it secures a $3.5 billion (~Rs 33,514 crore) debt financing from a consortium led by State Bank of India. The company plans to use part of the funds to improve its network and compete with Bharti Airtel and Reliance Jio.

  • Nifty 50 was trading at 23,258.60 (-219.2, -0.9%), BSE Sensex was trading at 74,309.16 (-593.4, -0.8%), while the broader Nifty 500 was trading at 22,713.70 (-238.7, -1.0%).

  • Market breadth is highly negative. Of the 2,272 stocks traded today, 409 showed gains, and 1,803 showed losses.

Riding High:

Largecap and midcap gainers today include YES Bank Ltd. (23.48, 5.3%), Indus Towers Ltd. (388, 4.3%) and One97 Communications Ltd. (1,807.50, 3.9%).

Downers:

Largecap and midcap losers today include Godrej Properties Ltd. (1,748, -6.6%), PI Industries Ltd. (2,259, -4.5%) and Supreme Industries Ltd. (3,364.40, -4.2%).

Volume Shockers

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

Top high volume gainers on BSE included Pine Labs Ltd. (198.85, 14.8%), YES Bank Ltd. (23.48, 5.3%) and Five-Star Business Finance Ltd. (555.45, 4.7%).

Top high volume losers on BSE were Cochin Shipyard Ltd. (1,381, -9.2%), Godrej Properties Ltd. (1,748, -6.6%) and PI Industries Ltd. (2,259, -4.5%).

Authum Investment & Infrastructure Ltd. (536.10, 4.7%) was trading at 50.5 times of weekly average. Sun TV Network Ltd. (475.15, 4.3%) and Indus Towers Ltd. (388, 4.3%) were trading with volumes 7.6 and 5.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks made 52 week highs, while 34 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Finolex Cables Ltd. (1,430.10, 0.8%), Granules India Ltd. (913.80, 1.6%) and Laurus Labs Ltd. (1,969, 1.2%).

Stocks making new 52 weeks lows included - Abbott India Ltd. (25,540, 1.1%) and ACC Ltd. (1,247, -0.6%).

7 stocks climbed above their 200 day SMA including Pine Labs Ltd. (198.85, 14.8%) and Authum Investment & Infrastructure Ltd. (536.10, 4.7%). 25 stocks slipped below their 200 SMA including Cochin Shipyard Ltd. (1,381, -9.2%) and Godrej Properties Ltd. (1,748, -6.6%).

 
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