Closing Bell: Nifty below 25,950, Sensex down 346 pts; media outperforms

The Indian benchmark indices started the week on a negative note, extending the fall on third consecutive session on December 29 amid broad-based selling due to persistent foreign fund outflows, and geopolitical developments.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Markets edged lower and slipped nearly 0.4%, extending Friday’s decline. After a subdued start, the Nifty gradually drifted lower through the session and finally settled near the day’s low at 25,942.10. Sectoral performance largely mirrored the benchmark, with most indices closing in the red. IT, realty and auto were among the top laggards, while the broader markets also came under pressure, declining in the range of 0.6% to 0.8%.

Market sentiment continues to be guided by global cues and stock-specific developments. Trading volumes remained light, with participants preferring selective exposure rather than broad-based positions in the absence of any major triggers.

We continue to maintain our consolidation view on the index, though the scheduled monthly expiry could lead to some intraday volatility. Despite this, trading opportunities remain available across sectors. Participants are advised to stay selective, align trades with sectors showing relatively higher strength and keep position sizes in check until a clearer trend emerges.

The benchmark indices continued profit booking at higher levels. The Nifty ended 100 points lower, while the Sensex was down by 345 points. Among sectors, the Media Index gained 0.75 percent, whereas the Consumer Index lost the most, shedding  nearly 1 percent.

Technically, after a muted open, the market slipped below the 26,000/85,000 mark, and post-breakdown, intraday selling pressure increased. A bearish candle on daily charts and a lower top formation on intraday charts indicate further weakness from the current levels.

We believe that 26,000/85,000 or the 20-day SMA will be the key resistance zone for day traders. As long as the market trades below this level, weak sentiment is likely to continue. On the downside, it could slip to 25,850–25,800 / 84,400–84,200. On the flip side, above 26,000/85,000, the market could bounce back up to 26,100/85,300. Further upside may also continue, which could lift the index to 26,150/85,500.

Weakness amidst range bound movement continued in the market for the third consecutive sessions on Monday and Nifty closed the day lower by 100 points. After opening on a positive note, Nifty failed to sustain the opening gains and started to slide down gradually for better part of the session. There was a minor volatility towards the end and Nifty closed near the lows.

A long bear candle was formed on the daily chart which is indicating a downward correction in the market over the last 3-4 sessions. We observe bullish chart formation like higher tops and bottoms on the daily chart since mid part of this month and present weakness could be in line with the new higher bottom formation. The new higher bottom reversal pattern needs to be confirmed.

The short term trend of the market continues to be weak amidst choppy movement. Nifty is expected to find support around 25850-25800 levels in the short term before bouncing back again from the lows. Immediate resistance is placed at 26100.

The market appears short on catalysts for further upside, with investors largely in holiday mode, signalling a potential consolidation phase in the near term. While the outlook for 2026 remains constructive, attention is expected to shift toward upcoming Q3 earnings and clarity on the U.S. trade agreement.

In an environment of global trade anxiety and a weakening rupee, investors are likely to favour large-cap stocks for their relative safety and stronger earnings visibility.

The benchmark Nifty index extended its losing streak for the third straight session, closing in the red on Monday. Importantly, the index slipped below its 20 day EMA, signalling a weakening of near-term momentum. The 14-period daily RSI has also triggered a bearish crossover, reinforcing the negative sentiment. However, it is worth noting that the RSI has continued to oscillate within a sideways band for the past 14 trading sessions, indicating an absence of clear directional strength.

Within the Nifty constituents, Tata Steel and Tata Consumer Products emerged as the top gainers, showcasing relative resilience amid the broader weakness. On the other hand, Adani Ports and HCL Technologies were among the biggest laggards for the day, dragging the index lower. Sectorally, Nifty Media and Nifty FMCG indices outperformed, posting gains despite market pressures. In contrast, Nifty Consumer Durables and Nifty IT witnessed notable selling pressure and were the top sectoral losers.

The broader market mirrored the cautious mood, with both Nifty Midcap 100 and Nifty Small Cap 100 closing negatively and underperforming the frontline indices. Market breadth remained weak, reflected in the advance decline ratio, which tilted sharply in favour of the bears. Out of the Nifty 500 universe, as many as 329 stocks ended lower, highlighting broad-based profit booking.

Nifty View

Going ahead, for Nifty, the 50-day EMA zone of 25850-25800 will act as important support. Any sustainable move below the 25800 will lead to further correction up to the 25650 level. On the upside, the zone of 26070-26100 will act as a crucial hurdle.

Bank Nifty View

The banking benchmark index, Bank Nifty, ended on a negative note for the fourth consecutive trading session. Despite the ongoing weakness, the index has been consolidating in a relatively tight band over the last couple of sessions, oscillating between the 59478 and 58712 levels. This narrow-range movement signals indecision among market participants as they await a clear directional trigger.

Going ahead, the 50-day EMA zone of 58600-58500 will act as immediate support for the index. Any sustainable move below 58500 will lead to further correction up to 58000 in the short term. On the upside, the zone of 59100-59200 will act as an important hurdle for the index.

Indian rupee closed 13 paise lower at 89.98 per dollar on Monday against Friday's close of 89.85.

Indian equity indices ended on a negative note with Nifty at 25,950 on December 29.

At close, the Sensex was down 345.91 points or 0.41 percent at 84,695.54, and the Nifty was down 100.2 points or 0.38 percent at 25,942.10. About 1395 shares advanced, 2595 shares declined, and 144 shares unchanged.

BSE Midcap index shed 0.4 percent and smallcap index down 0.5%.

Tata Steel, Tata Consumer, Asian Paints, Grasim Industries, Nestle India were among major gainers on the Nifty, while losers were HCL Technologies, Adani Ports, Power Grid Corp, Trent, Max Healthcare.

Among sectors, except media, all other indices ended lower with auto, IT, pharma, realty, power down between 0.4-0.9 percent.

The index witnessed profit booking during the session, leading to a decline in the market. On the derivatives front, 26,000 PE put writers unwound their positions as the index slipped below this level.

The trend has weakened as the index moved below the 21 EMA; additionally, it has retraced more than 50% of the previous rise, casting doubt over the sustainability of the recent rally.

On the downside, support is placed at 25,900, while on the upside, the 26,000 level is likely to act as the initial resistance.

Emami was quoting at Rs 536.05, up Rs 22.15, or 4.31 percent.

It has touched an intraday high of Rs 536.05 and an intraday low of Rs 508.75.

It was trading with volumes of 14,068 shares, compared to its five day average of 8,939 shares, an increase of 57.38 percent.

In the previous trading session, the share closed down 0.52 percent or Rs 2.70 at Rs 513.90.

The share touched a 52-week high of Rs 655.40 and a 52-week low of Rs 499.00 on 19 May, 2025 and 10 November, 2025, respectively.

Currently, the stock is trading 18.21 percent below its 52-week high and 7.42 percent above its 52-week low.

Market capitalisation stands at Rs 23,398.58 crore.

Promoter Varun Alagh bought 0.57% equity of the company via block deal at Rs 270 per share.

Honasa Consumer was quoting at Rs 275.10, up Rs 6.40, or 2.38 percent.

It has touched an intraday high of Rs 276.50 and an intraday low of Rs 266.55.

In the previous trading session, the share closed down 2.38 percent or Rs 6.55 at Rs 268.70.

The share touched a 52-week high of Rs 334 and a 52-week low of Rs 190 on 09 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 17.63 percent below its 52-week high and 44.79 percent above its 52-week low.

Market capitalisation stands at Rs 8,950.92 crore.

Max Healthcare Institute was quoting at Rs 1,067.10, down Rs 7.35, or 0.68 percent.

It has touched an intraday high of Rs 1,077.40 and an intraday low of Rs 1,064.30.

It was trading with volumes of 130,306 shares, compared to its five day average of 24,814 shares, an increase of 425.14 percent.

In the previous trading session, the share closed down 0.57 percent or Rs 6.15 at Rs 1,074.45.

The share touched a 52-week high of Rs 1,314.30 and a 52-week low of Rs 940.35 on 04 July, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 18.81 percent below its 52-week high and 13.48 percent above its 52-week low.

Market capitalisation stands at Rs 103,804.22 crore.

The company has accepted Letters of Award (LOAs) from MP Urja Vikas Nigam for the implementation of grid-connected solar PV-based power plants with a total capacity of 45.75 MW AC in Vidisha, Madhya Pradesh.

Vikran Engineering was quoting at Rs 103, up Rs 2.25, or 2.23 percent.

It has touched an intraday high of Rs 110.35 and an intraday low of Rs 100.25.

In the previous trading session, the share closed up 4.40 percent or Rs 4.25 at Rs 100.75.

The share touched a 52-week high of Rs 118.40 and a 52-week low of Rs 84.50 on 20 November, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 13.01 percent below its 52-week high and 21.89 percent above its 52-week low.

Market capitalisation stands at Rs 2,656.48 crore.

The Sensex was down 346.08 points or 0.41 percent at 84,695.37, and the Nifty was down 106.65 points or 0.41 percent at 25,935.65. About 1369 shares advanced, 2604 shares declined, and 136 shares unchanged.

ITC was quoting at Rs 402.65, down Rs 1.65, or 0.41 percent.

It has touched an intraday high of Rs 404.60 and an intraday low of Rs 401.80.

It was trading with volumes of 391,867 shares, compared to its five day average of 839,511 shares, a decrease of -53.32 percent.

In the previous trading session, the share closed down 0.58 percent or Rs 2.35 at Rs 404.30.

The share touched a 52-week high of Rs 490.95 and a 52-week low of Rs 391.50 on 03 January, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 17.99 percent below its 52-week high and 2.85 percent above its 52-week low.

Market capitalisation stands at Rs 504,478.57 crore.

29.28 lakh shares (38.83% equity) worth Rs 444 crore change hands at Rs 1,517.5/share in a block deal window.

BIRLANU was quoting at Rs 1,699.95, up Rs 179.05, or 11.77 percent.

It has touched an intraday high of Rs 1,750 and an intraday low of Rs 1,520.90.

It was trading with volumes of 142,605 shares, compared to its five day average of 342 shares, an increase of 41,621.77 percent.

In the previous trading session, the share closed up 0.45 percent or Rs 6.85 at Rs 1,520.90.

The share touched a 52-week high of Rs 2,542 and a 52-week low of Rs 1,501.15 on 03 January, 2025 and 26 December, 2025, respectively.

Currently, the stock is trading 33.13 percent below its 52-week high and 13.24 percent above its 52-week low.

Market capitalisation stands at Rs 1,281.92 crore.

Precision Wires India was quoting at Rs 263.05, up Rs 25.65, or 10.80 percent.

It has touched an intraday high of Rs 269.45 and an intraday low of Rs 238.80.

It was trading with volumes of 404,971 shares, compared to its five day average of 17,680 shares, an increase of 2,190.61 percent.

In the previous trading session, the share closed up 1.02 percent or Rs 2.40 at Rs 237.40.

The share touched a 52-week high of Rs 277.60 and a 52-week low of Rs 118.35 on 13 November, 2025 and 08 April, 2025, respectively.

Currently, the stock is trading 5.24 percent below its 52-week high and 122.26 percent above its 52-week low.

Market capitalisation stands at Rs 4,808.76 crore.

Can Fin Homes was quoting at Rs 892.70, down Rs 32.35, or 3.50 percent.

It has touched an intraday high of Rs 932.95 and an intraday low of Rs 892.70.

It was trading with volumes of 6,267 shares, compared to its five day average of 14,138 shares, a decrease of -55.67 percent.

In the previous trading session, the share closed down 2.28 percent or Rs 21.55 at Rs 925.05.

The share touched a 52-week high of Rs 970.00 and a 52-week low of Rs 558.80 on 26 December, 2025 and 25 February, 2025, respectively.

Currently, the stock is trading 7.97 percent below its 52-week high and 59.75 percent above its 52-week low.

Market capitalisation stands at Rs 11,886.67 crore.

#1 Encora deal includes a share swap for USD 1.89 billion along with QIP/bridge loan to retire its term loan

#2 Acquisition would create an Ai-native engineering, cloud and data services powerhouse

#3 Acquisition could expand geographic presence

#4 Transaction is likely to close in four–six months subject to approvals

#5 With USD 600 million revenue (30 percent of Coforge), Encora is Coforge’s biggest & boldest bet yet

#6 Like acquisition & transaction structure & see Encora further accelerating Coforge’s growth

Coforge was quoting at Rs 1,689.20, up Rs 15.95, or 0.95 percent.

It has touched an intraday high of Rs 1,715.00 and an intraday low of Rs 1,638.00.

It was trading with volumes of 292,886 shares, compared to its five day average of 99,845 shares, an increase of 193.34 percent.

Welspun Living was quoting at Rs 132, down Rs 0.60, or 0.45 percent.

It has touched an intraday high of Rs 133.60 and an intraday low of Rs 131.10.

It was trading with volumes of 87,991 shares, compared to its five day average of 103,776 shares, a decrease of -15.21 percent.

In the previous trading session, the share closed down 1.85 percent or Rs 2.50 at Rs 132.60.

The share touched a 52-week high of Rs 166.60 and a 52-week low of Rs 105 on 03 January, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 20.77 percent below its 52-week high and 25.71 percent above its 52-week low.

Market capitalisation stands at Rs 12,660.81 crore.

Hind Copper topped the activity chart with over 16 crore shares changing hands, while Nippon Silver ETF saw the highest turnover by volume at 25 crore units. Hindustan Zinc, Dixon Technologies and Rail Vikas Nigam were also among the most actively traded counters on the exchange.

Indo Count Industries was quoting at Rs 259.40, down Rs 5.05, or 1.91 percent.

It has touched an intraday high of Rs 270.55 and an intraday low of Rs 256.55.

It was trading with volumes of 9,124 shares, compared to its five day average of 6,756 shares, an increase of 35.04 percent.

In the previous trading session, the share closed down 1.32 percent or Rs 3.55 at Rs 264.45.

The share touched a 52-week high of Rs 355.00 and a 52-week low of Rs 210.70 on 13 February, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.93 percent below its 52-week high and 23.11 percent above its 52-week low.

Market capitalisation stands at Rs 5,137.53 crore.

Power Grid Corporation slipped nearly 1.9 percent to top the Nifty losers’ list, with HCL Tech down 1.8 percent as IT stocks stayed weak. Adani Ports, Trent and Hindalco also declined over 1 percent each, contributing to the pressure on the benchmarks.

Tata Steel rose 1.6 percent to top the Nifty gainers’ list, followed by Tata Consumer Products and Asian Paints, each up around 1 percent. Grasim and Nestle also saw modest buying interest, while Bajaj Auto and NTPC posted marginal gains amid the broader market weakness.

NSE sectoral trends remained weak in afternoon trade, with metals, infrastructure, auto and IT indices losing up to 0.7 percent. The Nifty Media and FMCG indices managed to stay slightly in the green, while PSU banks traded flat. The broader tone weakened further as the Nifty Smallcap 100 slipped 0.7 percent and the Midcap 100 declined 0.5 percent. The India VIX rose over 6 percent, indicating a pickup in volatility.

Gold financier stocks declined in trade on December 29 as gold prices sharply corrected during the day from the day's highs. Manappuram Finance shares fell 2.4 percent from its day’s high. IIFL Finance and Muthoot Finance shares also fell more than 2 percent from their respective highs, tracking the sharp decline in gold prices. These stocks had earlier seen a sharp surge, tracking the bull run in the yellow metal.

Shares of India Pesticides jumped 6% to Rs 184.5 apiece as company gets registration for fungicide formulation product in Australia.

India Pesticides says approval will strengthen its international presence, expected to contribute to enhanced export revenues.

The Sensex was down 326.89 points or 0.38 percent at 84,714.56, and the Nifty was down 92.40 points or 0.35 percent at 25,949.90. About 1289 shares advanced, 2644 shares declined, and 152 shares unchanged.

Indian rupee is trading 12 paise lower at 89.97 per dollar versus previous close of 89.85.

#1 Government approved proposals for overhaul of T90 tanks & mid-life overhaul of MI 17 helicopters

#2 Approval of proposals to acquire loitering munitions

#3 Government approves proposals for changes in RFP for acquisition of refuellers & AWACS

#4 Proposal to acquire MRSAM missiles for Indian Navy and Air Force approved

#5 DAC also cleared proposal to acquire Astra Mark II air-to-air missiles

The management committee of the board of directors of Spandana Sphoorty Financial  approved the transfer of stressed loan portfolio including written off loans of Rs 493.55 crore outstanding as on October 31, 2025 to an asset reconstruction company pursuant to Swiss Challenge Method for a consideration of Rs 34.55 crore.

Spandana Sphoorty Financial was quoting at Rs 270.70, down Rs 3.60, or 1.31 percent. It has touched an intraday high of Rs 279.30 and an intraday low of Rs 265.35. It was trading with volumes of 11,957 shares, compared to its five day average of 20,518 shares, a decrease of -41.72 percent.

The company board approved resignation of Abhijit Banerjee as Managing Director of the company, and appointed Milan Sadhukhan as an Additional Director and Managing Director of the Company for a term of 3 years with effect from 1 st January 2026.

Linde India was quoting at Rs 5,913.65, down Rs 44.00, or 0.74 percent.

It has touched an intraday high of Rs 5,952.55 and an intraday low of Rs 5,906.

It was trading with volumes of 549 shares, compared to its five day average of 1,044 shares, a decrease of -47.40 percent.

In the previous trading session, the share closed up 2.17 percent or Rs 126.80 at Rs 5,957.65.

The share touched a 52-week high of Rs 7,865.05 and a 52-week low of Rs 5,202.45 on 28 May, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 24.81 percent below its 52-week high and 13.67 percent above its 52-week low.

Market capitalisation stands at Rs 50,434.10 crore.

A settlement has been reached between NBCC (India) and the Government of NCT of Delhi (GNCTD) to resolve the long-pending litigation regarding land admeasuring 42.46 acres in Sultanpur/Ghitorni village, Delhi.

As per the settlement, the total 42.46-acre Ghitorni land will be equally divided between NBCC and GNCTD, resulting in a 21.23-acre share for NBCC.

Further, for this 21.23 acres of land, GNCTD will execute a perpetual lease deed in favour of NBCC.

NBCC (India) was quoting at Rs 122.05, down Rs 0.05, or 0.04 percent.

It has touched an intraday high of Rs 126 and an intraday low of Rs 122.

It was trading with volumes of 2,048,380 shares, compared to its five day average of 683,871 shares, an increase of 199.53 percent.

#1 Coforge has taken a bold step by acquiring Encora

#2 See multiple concerns with the transaction

#3 Company is paying P/S multiple of 4.6x for a business delivering only 7–8 percent organic growth versus company’s mid-teens

#4 Management’s assumption of EPS accretion hinges on a swap at Rs 1,815 (an 8.5 percent premium to CMP)

#5 Management’s assumption of EPS accretion hinges on amortisation of intangibles over 12–14 years

#6 Amortisation of intangibles timeline is longer than the usual industry norm

#7 Absence of any meaningful lock-in for incoming PE could put supply pressure on stock

#8 Integration risks remain as with any large acquisition

#9 Considering fund raise & acquisition anticipation, stock has corrected 10 percent over last 3 days

#10 Stock now trades at 26.7x FY28, offering some valuation comfort

Amit Raj Sinha, Managing Director & CEO of the company, was remanded on December 27 in connection with the ongoing investigation relating to the fire incident at the company’s Hyderabad unit in Pashamylaram, which occurred on June 30 this year.

The company has taken all necessary measures to ensure the continuity of its operations and day-to-day activities. In the interim, Lijo Stephen Chacko, Deputy Group CEO, will oversee the company’s operations.

Additionally, the Board will meet on December 31 to consider the raising of funds through the issuance of non-convertible debentures on a private placement basis.

Sigachi Industries was quoting at Rs 32.29, down Rs 1.67, or 4.92 percent.

It has touched an intraday high of Rs 33.51 and an intraday low of Rs 31.38.

It was trading with volumes of 333,400 shares, compared to its five day average of 110,337 shares, an increase of 202.16 percent.

In the previous trading session, the share closed down 0.41 percent or Rs 0.14 at Rs 33.96.

The share touched a 52-week high of Rs 59.50 and a 52-week low of Rs 30.54 on 16 June, 2025 and 18 August, 2025, respectively.

Currently, the stock is trading 45.73 percent below its 52-week high and 5.73 percent above its 52-week low.

Market capitalisation stands at Rs 1,233.86 crore.

The company has been declared the successful bidder for the Depo Graphite–Vanadium block under the critical mineral auctions.

The receipt of the successful bidder status for the Depo Graphite–Vanadium block will further strengthen the company’s critical minerals portfolio.

Vedanta was quoting at Rs 596.95, down Rs 4.15, or 0.69 percent. It has touched a 52-week high of Rs 616. It has touched an intraday high of Rs 616 and an intraday low of Rs 596.40.

Promoter Timex Group Luxury Watches BV will sell an 8.93% stake in the company via an offer-for-sale (OFS) on December 29–30.

The base issue size of the OFS is 4.47% equity (45.09 lakh shares), with a green shoe option of an additional 4.47% equity stake (45.09 lakh shares). The floor price has been fixed at Rs 275 per share.

Timex Group India was quoting at Rs 317.65, down Rs 34.10, or 9.69 percent.

It has touched an intraday high of Rs 330.75 and an intraday low of Rs 316.60.

It was trading with volumes of 2,727,320 shares, compared to its five day average of 107,836 shares, an increase of 2,429.13 percent.

Neolife ZKW Lightings filed DRHP for its USD 66.7 million IPO.

The company has entered into loan agreements to avail financial assistance of Rs 361 crore to meet the balance consideration toward the conversion of warrants of Lloyds Metals and Energy held by the company.

Additionally, the company’s subsidiary, Lloyds Engineering Works, has amended the Share Purchase Agreement originally entered into on July 30, 2024, for the acquisition of the remaining 12% equity stake in Techno Industries.

After completion of the acquisition, Lloyds Engineering Works will hold a 100% stake in Techno Industries.

Lloyds Enterprises was quoting at Rs 61.69, down Rs 0.85, or 1.36 percent.

It has touched an intraday high of Rs 63.85 and an intraday low of Rs 60.59.

It was trading with volumes of 223,570 shares, compared to its five day average of 399,713 shares, a decrease of -44.07 percent.

In the previous trading session, the share closed down 7.44 percent or Rs 5.03 at Rs 62.54.

The share touched a 52-week high of Rs 96.39 and a 52-week low of Rs 37.25 on 04 July, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 36 percent below its 52-week high and 65.61 percent above its 52-week low.

Market capitalisation stands at Rs 8,632.52 crore.

The Sensex was down 294.84 points or 0.35 percent at 84,746.61, and the Nifty was down 79.75 points or 0.31 percent at 25,962.55. About 1306 shares advanced, 2565 shares declined, and 173 shares unchanged.

The bank has reported a borrowable fraud of Rs 2,434 crore to the RBI against the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.

These companies were successfully resolved under the Corporate Insolvency Resolution Process (CIRP) by the NCLT.

Punjab National Bank was quoting at Rs 120.62, up Rs 0.25, or 0.21 percent.

It has touched an intraday high of Rs 120.98 and an intraday low of Rs 116.60.

It was trading with volumes of 15,842,201 shares, compared to its five day average of 11,677,243 shares, an increase of 35.67 percent.

#1 Encora has a strong product engineering heritage with nearshore delivery

#2 Encora provides a launchpad for the hi-tech vertical and plenty of new clients to mine

#3 Asset is good in our view, but pricey

#4 Strong revenue synergies and some cost synergies are available

#5 Require good execution given demand environment and considerable risks involved

#6 Sharp execution of synergies key to drive acquisition toward stated outlook of EPS accretion in FY27

Arfin India has received an order from Diamond Power Infrastructure for an aggregate quantity of 11,000 MT, valued at approximately Rs 321 crores, exclusive GST, to be executed over a period of eleven months, commencing from January, 2026 to November, 2026. This amounts to a monthly supply of around 1,000 MT, with a value of approximately Rs 29.20 Crores, exclusive

GST, per month.

Arfin India was quoting at Rs 68.77, down Rs 0.78, or 1.12 percent. It has touched a 52-week high of Rs 70.95. It has touched an intraday high of Rs 70.95 and an intraday low of Rs 68.02.

#1 Foray into lab-grown diamond jewellery with "beYon" brand

#2 About 12–18 months ago, management maintained a cautious stance on LGDs

#3 However, over last 12 months, it has become more open to the segment

#4 View this is a step in the right direction, company remains at forefront of building multiple brands

Tata Steel was quoting at Rs 172.85, up Rs 3.70, or 2.19 percent.

It has touched an intraday high of Rs 174.15 and an intraday low of Rs 169.20.

It was trading with volumes of 1,796,480 shares, compared to its five day average of 1,121,608 shares, an increase of 60.17 percent.

In the previous trading session, the share closed down 0.50 percent or Rs 0.85 at Rs 169.15.

The share touched a 52-week high of Rs 187 and a 52-week low of Rs 122.60 on 29 October, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 7.57 percent below its 52-week high and 40.99 percent above its 52-week low.

Market capitalisation stands at Rs 215,777.84 crore.

Indian rupee is trading 10 paise lower at 89.95 per dollar versus previous close of 89.85.

Rajkumar Bafna, President – Finance, designated as senior management personnel of the company, has resigned from his position effective December 31 due to personal reasons.

Akums Drugs Pharmaceuticals was quoting at Rs 448.75, up Rs 1.00, or 0.22 percent.

It has touched an intraday high of Rs 450.40 and an intraday low of Rs 445.

In the previous trading session, the share closed up 0.27 percent or Rs 1.20 at Rs 447.75.

The share touched a 52-week high of Rs 678.80 and a 52-week low of Rs 407.40 on 30 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 33.89 percent below its 52-week high and 10.15 percent above its 52-week low.

Market capitalisation stands at Rs 7,063.06 crore.

Vivek Srivastava has resigned as the Chief Executive Officer (CEO) – WTG Division of the company, effective December 26.

Suzlon Energy was quoting at Rs 53.06, down Rs 0.13, or 0.24 percent.

It has touched an intraday high of Rs 53.87 and an intraday low of Rs 53.05.

It was trading with volumes of 2,058,393 shares, compared to its five day average of 4,583,067 shares, a decrease of -55.09 percent.

In the previous trading session, the share closed down 0.23 percent or Rs 0.12 at Rs 53.19.

The share touched a 52-week high of Rs 74.30 and a 52-week low of Rs 46 on 30 May, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 28.59 percent below its 52-week high and 15.35 percent above its 52-week low.

Market capitalisation stands at Rs 72,757.63 crore.

#1 Don’t expect beYon to drive any meaningful growth/earnings for Titan

#2 Foray may pose risk as it signals company’s admission of LGDs being a threat to natural diamond business

#3 Announcement of foray into LDGs also comes as a negative surprise

#4 In August, company announced strategic collaboration with de beers group to boost natural diamonds business

Titan Company was quoting at Rs 4,009.90, up Rs 18.25, or 0.46 percent.

It has touched a 52-week high of Rs 4,030.

It has touched an intraday high of Rs 4,030 and an intraday low of Rs 3,983.40.

It was trading with volumes of 15,784 shares, compared to its five day average of 17,602 shares, a decrease of -10.33 percent.

#1 Promoter group’s 40 percent stake sale at Rs 2,250 per share, across two phases & an open offer

#2 Resolves a longstanding governance gridlock, ushers in a globally recognised strategic partner

#3 AICA Kogyo brings deep expertise, strong brand equity, & operational synergies

#4 Can strengthen Stylam’s domestic leadership & accelerate export growth

#5 Improved governance & strategic clarity set the stage for a potential valuation re-rating

Stylam Industries was quoting at Rs 2,192.45, down Rs 12.50, or 0.57 percent.

It has touched an intraday high of Rs 2,269.90 and an intraday low of Rs 2,184.10.

It was trading with volumes of 3,686 shares, compared to its five day average of 6,164 shares, a decrease of -40.20 percent.

In the previous trading session, the share closed down 4.13 percent or Rs 95.10 at Rs 2,204.95.

The share touched a 52-week high of Rs 2,430 and a 52-week low of Rs 1,441 on 26 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 9.78 percent below its 52-week high and 52.15 percent above its 52-week low.

Market capitalisation stands at Rs 3,715.78 crore.

Amit Raj Sinha, Managing Director & CEO of the company, was remanded on December 27 in connection with the ongoing investigation relating to the fire incident at the company’s Hyderabad unit in Pashamylaram, which occurred on June 30 this year.

The company has taken all necessary measures to ensure the continuity of its operations and day-to-day activities. In the interim, Lijo Stephen Chacko, Deputy Group CEO, will oversee the company’s operations.

Additionally, the Board will meet on December 31 to consider the raising of funds through the issuance of non-convertible debentures on a private placement basis.

Sigachi Industries was quoting at Rs 32.29, down Rs 1.67, or 4.92 percent.

It has touched an intraday high of Rs 33.51 and an intraday low of Rs 31.38.

It was trading with volumes of 308,620 shares, compared to its five day average of 110,337 shares, an increase of 179.71 percent.

In the previous trading session, the share closed down 0.41 percent or Rs 0.14 at Rs 33.96.

The share touched a 52-week high of Rs 59.50 and a 52-week low of Rs 30.54 on 16 June, 2025 and 18 August, 2025, respectively.

Currently, the stock is trading 45.73 percent below its 52-week high and 5.73 percent above its 52-week low.

Market capitalisation stands at Rs 1,233.86 crore.

The Sensex was down 227.89 points or 0.27 percent at 84,813.56, and the Nifty was down 61.10 points or 0.23 percent at 25,981.20. About 1429 shares advanced, 2361 shares declined, and 191 shares unchanged.

VA Tech Wabag secured a Letter of Award for a ‘Large’ (between Rs 250 to 600 crore) repeat order from Saudi Water Authority (‘SWA’), towards Engineering, Procurement and Construction (EPC) of the Advanced Technology Brackish Water Reverse Osmosis (BWRO) Plant with a capacity of 50 Million Litre per Day (MLD), at Aljouf in the Kingdom of Saudi Arabia.

Va Tech Wabag was quoting at Rs 1,275.65, down Rs 11.80, or 0.92 percent.

It has touched an intraday high of Rs 1,309.85 and an intraday low of Rs 1,267.35.

It was trading with volumes of 10,531 shares, compared to its five day average of 17,544 shares, a decrease of -39.97 percent.

Information technology (IT) services firm Coforge, on December 26 said it will acquire US-based engineering services company Encora in a $2.35-billion all-stock transaction, confirming Moneycontrol's newsbreak.

The acquisition will be executed through a share swap, under which Coforge will issue 93.8 million equity shares at Rs 1,815.91 apiece, implying a non-cash consideration of about Rs 17,032 crore.

Coforge’s board has approved raising up to $550 million via a QIP or other permitted routes, though the company said a QIP may not be triggered if alternative funding options are finalised.

Coforge was quoting at Rs 1,662, down Rs 11.25, or 0.67 percent.

It has touched an intraday high of Rs 1,715.00 and an intraday low of Rs 1,638.00.

It was trading with volumes of 222,612 shares, compared to its five day average of 99,845 shares, an increase of 122.96 percent.

Select Nifty stocks staged a mild rebound from morning lows, led by metal names. Tata Steel recovered 2.5 percent from its day’s low, while ONGC and Eternal gained over 1 percent each from intraday declines. JSW Steel and Coal India were also up more than 1 percent from their respective lows. Titan, UltraTech Cement, Nestle and TATA Consumer Products saw modest recovery as well.

Sectoral trends remained mixed. Nifty Metal gained 1.3 percent, leading the pack, while Nifty Oil & Gas inched up slightly. On the downside, IT, PSU Bank, Realty, Auto, and Pharma indices were in the red, reflecting broader weakness across sectors. India VIX jumped more than 5 percent, indicating rising volatility.

Adani Ports, Power Grid, and Bajaj Finance were among the top losers on the Nifty, each slipping around 1 percent. Major IT names TCS and HCL Tech also traded lower, adding pressure on the benchmark indices.

Tata Steel and ONGC led the gainers on the Nifty, rising 2.5 percent and 1.5 percent respectively. Eternal, JSW Steel and Nestle also posted modest gains in an otherwise weak market.

At 11:20 am, the Sensex was down 260.62 points or 0.31 percent at 84,780.83, and the Nifty was down 68.20 points or 0.26 percent at 25,974.10. About 1429 shares advanced, 2315 shares declined, and 168 shares unchanged.

The company has received a letter of intent from Hild Projects, an EPC contractor, for the supply of power cables worth Rs 66.18 crore.

Diamond Power Infrastructure was quoting at Rs 139.35, down Rs 0.60, or 0.43 percent.

It has touched an intraday high of Rs 143.55 and an intraday low of Rs 139.15.

It was trading with volumes of 35,410 shares, compared to its five day average of 44,413 shares, a decrease of -20.27 percent.

In the previous trading session, the share closed down 0.74 percent or Rs 1.05 at Rs 139.95.

The share touched a 52-week high of Rs 185.10 and a 52-week low of Rs 81.00 on 17 July, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 24.72 percent below its 52-week high and 72.04 percent above its 52-week low.

Market capitalisation stands at Rs 7,343.34 crore.

Graphite India was quoting at Rs 610, up Rs 26.90, or 4.61 percent.

It has touched an intraday high of Rs 618.95 and an intraday low of Rs 582.55.

It was trading with volumes of 255,480 shares, compared to its five day average of 58,763 shares, an increase of 334.76 percent.

It was trading with volumes of 255,480 shares, compared to its thirty day average of 40,433 shares, an increase of 531.86 percent.

In the previous trading session, the share closed up 2.14 percent or Rs 12.20 at Rs 583.10.

The share touched a 52-week high of Rs 651.25 and a 52-week low of Rs 366.00 on 30 October, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 6.33 percent below its 52-week high and 66.67 percent above its 52-week low.

Market capitalisation stands at Rs 11,917.91 crore.

The Sensex was down 149.30 points or 0.18 percent at 84,892.15, and the Nifty was down 34.90 points or 0.13 percent at 26,007.40. About 1481 shares advanced, 2207 shares declined, and 174 shares unchanged.

The Transportation Infrastructure business vertical of L&T has won a significant order for Hyderabad Greenfield Radial Road.

This order pertains to Phase-2 of the Greenfield Radial Road, wherein a 22.3 km 3+3 lane access-controlled radial road is being constructed in the Ranga Reddy district.

L&T’s scope involves construction of a 3.6 km long viaduct, minor bridges, underpasses and culverts. Construction of service roads on both sides, extensive retention structures, storm water drainage system, footpaths, cycle track and landscaping works is also in L&T’s scope.

Larsen & Toubro was quoting at Rs 4,048.45, up Rs 3.35, or 0.08 percent.

It has touched an intraday high of Rs 4,060.50 and an intraday low of Rs 4,032.80.

It was trading with volumes of 6,467 shares, compared to its five day average of 92,025 shares, a decrease of -92.97 percent.

In the previous trading session, the share closed down 0.19 percent or Rs 7.70 at Rs 4,045.10.

The share touched a 52-week high of Rs 4,139.00 and a 52-week low of Rs 2,967.65 on 27 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 2.19 percent below its 52-week high and 36.42 percent above its 52-week low.

Market capitalisation stands at Rs 569,465.93 crore.

The company has received a letter of award for an engineering, procurement, and construction (EPC) package for the development of a 250 MWac grid-connected solar PV project worth Rs 725.33 crore from NTPC Renewable Energy.

The company has received a contract worth Rs 4.16 crore for CAMC of Satcom equipment from the Ministry of Defence, Headquarters Naval Aviation.

Avantel was quoting at Rs 158.40, down Rs 1.45, or 0.91 percent.

It has touched an intraday high of Rs 162.05 and an intraday low of Rs 157.55.

It was trading with volumes of 65,804 shares, compared to its five day average of 122,893 shares, a decrease of -46.45 percent.

In the previous trading session, the share closed down 1.11 percent or Rs 1.80 at Rs 159.85.

The share touched a 52-week high of Rs 215.00 and a 52-week low of Rs 90.33 on 10 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.33 percent below its 52-week high and 75.36 percent above its 52-week low.

Market capitalisation stands at Rs 4,205.00 crore.

The bank has reported a borrowable fraud of Rs 2,434 crore to the RBI against the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.

These companies were successfully resolved under the Corporate Insolvency Resolution Process (CIRP) by the NCLT.

Punjab National Bank was quoting at Rs 119.90, down Rs 0.45, or 0.37 percent.

It has touched an intraday high of Rs 120.30 and an intraday low of Rs 116.25.

It was trading with volumes of 535,763 shares, compared to its five day average of 1,526,595 shares, a decrease of -64.90 percent.

In the previous trading session, the share closed down 0.50 percent or Rs 0.60 at Rs 120.35.

The share touched a 52-week high of Rs 127.80 and a 52-week low of Rs 85.50 on 02 December, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 6.18 percent below its 52-week high and 40.23 percent above its 52-week low.

Market capitalisation stands at Rs 137,800.39 crore.

A settlement has been reached between NBCC (India) and the Government of NCT of Delhi (GNCTD) to resolve the long-pending litigation regarding land admeasuring 42.46 acres in Sultanpur/Ghitorni village, Delhi.

As per the settlement, the total 42.46-acre Ghitorni land will be equally divided between NBCC and GNCTD, resulting in a 21.23-acre share for NBCC.

Further, for this 21.23 acres of land, GNCTD will execute a perpetual lease deed in favour of NBCC.

NBCC (India) was quoting at Rs 124.75, up Rs 2.65, or 2.17 percent.

It has touched an intraday high of Rs 126.00 and an intraday low of Rs 123.45.

It was trading with volumes of 1,423,165 shares, compared to its five day average of 683,871 shares, an increase of 108.10 percent.

The company has accepted Letters of Award (LOAs) from MP Urja Vikas Nigam for the implementation of grid-connected solar PV-based power plants with a total capacity of 45.75 MW AC in Vidisha, Madhya Pradesh.

Vikran Engineering was quoting at Rs 108.50, up Rs 7.75, or 7.69 percent.

It has touched an intraday high of Rs 110.35 and an intraday low of Rs 100.25.

In the previous trading session, the share closed up 4.40 percent or Rs 4.25 at Rs 100.75.

The share touched a 52-week high of Rs 118.40 and a 52-week low of Rs 84.50 on 20 November, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 8.36 percent below its 52-week high and 28.4 percent above its 52-week low.

Market capitalisation stands at Rs 2,798.33 crore.

Aica Kogyo Company has announced an open offer to acquire up to 44.06 lakh shares (representing a 26% equity stake) in Stylam Industries at Rs 2,250 per share.

Assuming full acceptance of the open offer, the total consideration payable by Aica Kogyo Company will be Rs 991.46 crore.

Stylam Industries was quoting at Rs 2,189.50, down Rs 15.45, or 0.70 percent.

It has touched an intraday high of Rs 2,269.90 and an intraday low of Rs 2,184.10.

It was trading with volumes of 2,738 shares, compared to its five day average of 6,164 shares, a decrease of -55.58 percent.

In the previous trading session, the share closed down 4.13 percent or Rs 95.10 at Rs 2,204.95.

The share touched a 52-week high of Rs 2,430 and a 52-week low of Rs 1,441 on 26 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 9.9 percent below its 52-week high and 51.94 percent above its 52-week low.

Market capitalisation stands at Rs 3,710.78 crore.

The company has contracted to sell its 2002-built very large gas carrier, Jag Vishnu, of about 77,922 cbm, to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26.

Great Eastern Shipping Company was quoting at Rs 1,106.20, up Rs 10.15, or 0.93 percent.

It has touched an intraday high of Rs 1,111.55 and an intraday low of Rs 1,089.75.

It was trading with volumes of 5,334 shares, compared to its five day average of 11,655 shares, a decrease of -54.24 percent.

Coforge was quoting at Rs 1,691.50, up Rs 18.25, or 1.09 percent.

It has touched an intraday high of Rs 1,715 and an intraday low of Rs 1,638.

It was trading with volumes of 164,359 shares, compared to its five day average of 99,845 shares, an increase of 64.61 percent.

In the previous trading session, the share closed down 3.70 percent or Rs 64.20 at Rs 1,673.25.

The share touched a 52-week high of Rs 2,003.59 and a 52-week low of Rs 1,190.84 on 30 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 15.58 percent below its 52-week high and 42.04 percent above its 52-week low.

Market capitalisation stands at Rs 56,672.32 crore.

Swan Corp was quoting at Rs 487.05, up Rs 18.75, or 4 percent.

It has touched an intraday high of Rs 493.70 and an intraday low of Rs 467.

It was trading with volumes of 100,781 shares, compared to its five day average of 52,454 shares, an increase of 92.13 percent.

In the previous trading session, the share closed up 1.01 percent or Rs 4.70 at Rs 468.30.

The share touched a 52-week high of Rs 771.35 and a 52-week low of Rs 370.00 on 03 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 36.86 percent below its 52-week high and 31.64 percent above its 52-week low.

Market capitalisation stands at Rs 15,266.92 crore.

Muthoot Microfin today announced a significant business milestone, with its Individual Loan portfolio AUM crossing Rs 1000 crore, while the company’s overall AUM has surpassed Rs 13,000 crore.

Muthoot Microfin was quoting at Rs 173.10, down Rs 0.60, or 0.35 percent.

It has touched an intraday high of Rs 173.90 and an intraday low of Rs 170.20.

It was trading with volumes of 4,133 shares, compared to its five day average of 39,200 shares, a decrease of -89.46 percent.

IDFC First Bank was quoting at Rs 85.26, up Rs 0.14, or 0.16 percent.

It has touched an intraday high of Rs 85.68 and an intraday low of Rs 85.01.

It was trading with volumes of 590,864 shares, compared to its five day average of 975,901 shares, a decrease of -39.45 percent.

In the previous trading session, the share closed up 1.07 percent or Rs 0.90 at Rs 85.12.

The share touched a 52-week high of Rs 85.94 and a 52-week low of Rs 52.50 on 22 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 0.79 percent below its 52-week high and 62.4 percent above its 52-week low.

Market capitalisation stands at Rs 73,286.84 crore.

The Sensex was down 51.47 points or 0.06 percent at 84,989.98, and the Nifty was down 11.30 points or 0.04 percent at 26,031. About 1652 shares advanced, 1808 shares declined, and 189 shares unchanged.