Closing Bell: Sensex flat, Nifty above 25,800 amid volatility; IT shines, media, auto fall

Indian equity indices ended on a muted note in the volatile trade on December 18. At close, the Sensex was down 77.84 points or 0.09 percent at 84,481.81, and the Nifty was down 3 points or 0.01 percent at 25,815.55.

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 traded with a cautious bias and ended flat, extending the ongoing consolidation phase. After a muted start, the Nifty attempted a recovery during the first half of the session but failed to sustain higher levels and gradually drifted lower as the day progressed, eventually settling at 25,815.55. Sectoral trends remained mixed, with selling pressure evident in energy, auto and pharma, while IT showed strength and financials and metals witnessed selective participation. The broader markets also remained volatile but managed to close on a flat note, reflecting selective market participation.

Sentiment continued to be influenced by global cues and currency-related concerns, which kept traders cautious. While intermittent buying was seen in select index heavyweights on a rotational basis, it was insufficient to drive a decisive directional move. Overall activity remained stock-specific, with participants preferring selective opportunities over broad-based exposure.

From a technical perspective, the Nifty has managed to hold the crucial support near the previous swing low around 25,700, which remains a key level to monitor in the coming session, as a breakdown could lead to further correction. On the upside, the short-term moving average, the 20-DEMA, continues to act as an immediate hurdle around 25,950, and a sustained move above this level will be essential for the next leg of the up move. Given the prevailing choppiness and absence of strong triggers, stock-specific trading approach remains advisable, with an emphasis on disciplined risk management and controlled position sizing.

Domestic equities navigated a volatile session amid subdued global cues, with large-cap stocks lagging behind mid- and small-cap counterparts. After three consecutive declines, early gains were supported by value buying and a rupee recovery aided by central bank intervention. However, lingering uncertainty over a potential U.S.–India trade deal dampened sentiment, prompting profit-booking later in the day. Sector-wise, IT and financial services attracted investor interest, while auto, oil & gas, chemicals, and pharma witnessed notable weakness. Looking ahead, markets will focus on U.S. core inflation and jobless claims data, alongside interest rate decisions from the BoE, ECB, and Bank of Japan, for clearer directional cues.

The markets stayed under pressure for the fourth straight session, with the Nifty continuing to form lower highs and lower lows on the daily chart. It closed marginally below its 50-day moving average, placed around 25,820, which is expected to act as an immediate resistance, followed by the 26,000 level. Overall market breadth showed slight improvement, as the broader indices outperformed the benchmarks.

Given the recent correction and the Nifty testing its key support near 25,700, there is a possibility of a pullback. On the upside, a sustained move above the short-term 21-day moving average at 26,000 would be critical to initiate such a recovery.

Today, both Sensex and Nifty 50 moved in a narrow band throughout the session, with the Sensex closing at 84,475 and the Nifty at 25,815. Gains in a few select sectors were offset by selling in auto, pharma, and healthcare stocks, keeping the broader market range-bound.

Market sentiment remained subdued due to uncertainty around the US-India trade agreement, which is still awaiting clarity. This continued to limit risk taking by investors. Some support came from the Indian rupee recovering from recent lows and Foreign Institutional Investors (FIIs) turning net buyers after 14 straight sessions of selling.

Shares of asset management companies outperformed the market. The Nifty Capital Markets index rose over 2%, led by Canara Robeco AMC, which jumped 8.5%. HDFC AMC and Nippon Life AMC also gained between 4.5% and 6%. The rally followed SEBI’s approval of revised mutual fund fee rules, which were seen as more favourable than earlier proposals. Brokerage caps for cash market transactions were reduced to 6 basis points, and a clearer Base Expense Ratio framework was introduced, easing concerns around costs and profitability.

Ola Electric remained in focus after founder Bhavish Aggarwal sold 2.6 crore shares through bulk deals to repay promoter-level debt, removing all pledged shares. Separately, India and Oman signed a Comprehensive Economic Partnership Agreement, expected to boost bilateral trade by nearly $1 billion and strengthen India’s presence in the Gulf region.

The benchmark index Nifty experienced sharp intraday volatility on Thursday. In the first half of the session, the index climbed to an intraday high of 25902, but the momentum fizzled out as selling pressure emerged in the latter half, dragging the index lower. By the close, Nifty settled at 28815 with a marginal decline of 0.01%, forming a small bodied candle with a long upper shadow on the daily chart, signalling hesitation at higher levels. Notably, over the past two sessions, the index has been oscillating around its 50 day EMA, underscoring indecision, while the daily RSI continues to remain in a sideways zone, indicating a lack of strong directional momentum.

Within the Nifty constituents, Indigo and TCS emerged as the top gainers, showcasing relative strength despite market choppiness. On the other hand, Sun Pharma and Tata Steel were the notable laggards of the day. From a sectoral standpoint, Nifty IT and Nifty Consumer Durables managed to outperform, closing with healthy gains, whereas Nifty Media and Nifty Auto ended on a weak note, reflecting mixed undertones across sectors.

In the broader market, both Nifty Midcap 100 and Nifty Smallcap 100 staged a smart recovery from the day’s lows and managed to close in the green. Both indices also formed small bodied candles with long lower shadows, indicating buying interest at lower levels. However, market breadth remained skewed to the negative, with the Advance/Decline ratio favouring decliners. In the Nifty 500 universe, as many as 299 stocks ended in negative territory, highlighting persistent caution across the broader market landscape.

Nifty View

Going ahead, for Nifty, the zone of 25750-25700 will act as important support. If the index slips below the 25700 level, it could trigger a further correction upto the 25550 level. On the upside, the 20-day EMA zone of 25930-25950 will act as a crucial hurdle for the index. Any sustainable move above the 25950 will lead to an upside rally upto the 26100 level.

Bank Nifty View

The banking benchmark index, Bank Nifty, also experienced heightened volatility on Thursday. In the early part of the session, the index managed to surge above its 20 day EMA, indicating an initial attempt by buyers to regain control. However, this strength proved short lived as selling pressure resurfaced at higher levels, pulling the index back down sharply. By the close, Bank Nifty ended flat, forming a small bodied candle with a long upper shadow on the daily chart, highlighting the market’s inability to sustain gains and the presence of strong supply zones at higher levels.

Going ahead, 58700-58600 will act as important support for the index as the prior swing low is placed in that region. Any sustainable move below the 58600 will lead to further correction upto the 58000 level in the short term. While on the upside, the zone of 59200-59300 will act as an important hurdle for the index.

The Nifty remains weak as the index failed to reclaim the 200-DMA on the hourly chart, with bears continuing to drag Indian equities lower. The formation of continuous lower tops further reinforces the bearish outlook.

The momentum indicator RSI is in a bearish crossover and is also forming lower tops, indicating weakening momentum.

The trend continues to remain weak, with the 25,700 level appearing vulnerable to a breakdown. A decisive breach below 25,700 could trigger a swift next leg of correction. On the upside, resistance is placed around 25,900.

Indian rupee ended higher at 90.25 per dollar on Thursday against Wednesday's close of 90.37.

Indian equity indices ended on a muted note in the volatile trade on December 18.

At close, the Sensex was down 77.84 points or 0.09 percent at 84,481.81, and the Nifty was down 3 points or 0.01 percent at 25,815.55. About 1575 shares advanced, 2399 shares declined, and 174 shares unchanged.

Sun Pharma, Power Grid Corp, Tata Steel, Bajaj Auto, Asian Paints were among top losers on the Nifty, while gainers were Interglobe Aviation, Max Healthcare, TCS, Infosys, Tech Mahindra.

BSE Midcap index ended flat, while smallcap index fell 0.3%.

On the sectoral front, realty index rose 0.3% and IT index rose 1%, while, auto, media, pharma, oil & gas, Capital Goods declined 0.3-1%.

#1 NCLT approved Vedanta’s proposed demerger

#2 Power demerger approvals pending with next hearing on January 7

#3 Management targets completion by March 2026

#4 Demerger expected to reduce conglomerate discount with businesses trading at ~5x EV/EBITDA

Vedanta was quoting at Rs 579.30, up Rs 9.30, or 1.63 percent.

It has touched a 52-week high of Rs 583.00.

It has touched an intraday high of Rs 583.00 and an intraday low of Rs 564.15.

#1 Company on track to deliver around 20 percent presales growth driven by geographic & segment diversification

#2 Palava land parcel offers significant value upside through premiumisation & data center opportunities

#3 Despite softening MMR & Pune volumes, company’s execution pedigree remains a key differentiator

Lodha Developers was quoting at Rs 1,068.25, up Rs 4.40, or 0.41 percent.

It has touched an intraday high of Rs 1,076.20 and an intraday low of Rs 1,048.00.

It was trading with volumes of 16,588 shares, compared to its five day average of 34,146 shares, a decrease of -51.42 percent.

In the previous trading session, the share closed down 1.00 percent or Rs 10.70 at Rs 1,063.85.

The share touched a 52-week high of Rs 1,534.25 and a 52-week low of Rs 1,036.00 on 09 June, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 30.37 percent below its 52-week high and 3.11 percent above its 52-week low.

Market capitalisation stands at Rs 106,686.61 crore.

#1 Company to benefit most from a normal CY26 summer, pent-up demand, low base & cost tailwinds

#2 Q3FY26 likely subdued due to seasonality, with weakness largely priced in

#3 Earnings seen rebounding at 44 percent CAGR over FY26-28 on a low base, with FY26 down 23 percent YoY

Voltas was quoting at Rs 1,400.70, up Rs 20.65, or 1.50 percent.

It has touched an intraday high of Rs 1,425.30 and an intraday low of Rs 1,376.

It was trading with volumes of 17,256 shares, compared to its five day average of 15,776 shares, an increase of 9.38 percent.

#1 Crompton 2.0 strategy focused on revenue growth and profitability expansion

#2 Estimate EBITDA and PAT CAGRs of 17 percent and 21 percent over FY26-28

Crompton Greaves Consumer Electrical was quoting at Rs 255.75, up Rs 6.45, or 2.59 percent.

It has touched an intraday high of Rs 264.30 and an intraday low of Rs 250.05.

It was trading with volumes of 979,102 shares, compared to its five day average of 142,425 shares, an increase of 587.45 percent.

#1 India & EU truck cycle proxy is set for a rebound ahead

#2 Expect 15 percent EBITDA CAGR over FY26-28

#3 Valuation re-rating case driven by steady market share, margin discipline, >35 percent ROCE through cycle & lower regulatory & EV Risk

#4 iveco acquisition to yield equity value accretion as deal was done at trough cycle & discounted valuations

#5 Self-help programs & balance sheet deleveraging to add further upside

Tata Motors was quoting at Rs 401.20, up Rs 14.50, or 3.75 percent.

It has touched a 52-week high of Rs 406.55.

It has touched an intraday high of Rs 406.55 and an intraday low of Rs 388.10.

QIB – 0.95 times

NII - 0.33 times

Retail – 0.75 times

Overall – 0.72 times

#1 Portfolio now more focused and aligned with global strategy post divestments

#2 Private capex recovery and steady public spending to support growth

#3 Emerging industries continue to show strong momentum

Siemens was quoting at Rs 3,078.00, down Rs 62.25, or 1.98 percent.

It has touched an intraday high of Rs 3,133.00 and an intraday low of Rs 3,053.00.

It was trading with volumes of 22,399 shares, compared to its five day average of 21,262 shares, an increase of 5.35 percent.

The Sensex was down 138.56 points or 0.16 percent at 84,421.09, and the Nifty was down 20.85 points or 0.08 percent at 25,797.70. About 1430 shares advanced, 2370 shares declined, and 136 shares unchanged.

Tata Consultancy Services (TCS) has announced the expansion of its partnership with Aviva, the UK’s leading Insurance, Wealth and Retirement provider. The end-to-end policy administration services will now expand to cover more than 6.5 million policies, to be managed by TCS’ FCA-regulated subsidiary, Diligenta UK, on behalf of Aviva.

Tata Consultancy Services was quoting at Rs 3,271.95, up Rs 54.35, or 1.69 percent.

It has touched an intraday high of Rs 3,279 and an intraday low of Rs 3,224.05.

It was trading with volumes of 195,564 shares, compared to its five day average of 132,586 shares, an increase of 47.50 percent.

In the previous trading session, the share closed up 0.41 percent or Rs 13.05 at Rs 3,217.60.

The share touched a 52-week high of Rs 4,381.95 and a 52-week low of Rs 2,867.55 on 20 December, 2024 and 01 October, 2025, respectively.

Currently, the stock is trading 25.33 percent below its 52-week high and 14.1 percent above its 52-week low.

Market capitalisation stands at Rs 1,183,820.15 crore.

#1 NCLT approval clears path for creation of five listed entities

#2 Distinct capital structures & deleveraging to unlock asset value

#3 EBITDA estimates raised by 1-9 percent for FY26-28

Vedanta was quoting at Rs 577.90, up Rs 7.90, or 1.39 percent.

It has touched a 52-week high of Rs 583.00.

It has touched an intraday high of Rs 583.00 and an intraday low of Rs 564.15.

Indian rupee has erased some of the intraday gains but still trading marginally higher at 90.31 per dollar against Wednesday's close of 90.37.

The clearance of 100% FDI in the insurance sector is an important step, but its impact on insurance stocks will play out gradually rather than instantly. Allowing full foreign ownership removes a long-standing restriction and makes India more attractive for global insurers looking to expand in a high-growth market. Over time, this can bring in fresh capital, better product innovation, and improved operational practices.

From a stock market perspective, this opens the door for selective rerating, especially for companies that already have strong brands, distribution strength, and clean balance sheets. Increased competition is inevitable, which may put some pressure on margins in the short term. However, India’s insurance penetration is still low, so a larger and more competitive market can support growth for multiple players.

Overall, the reform is structurally positive. While immediate price reactions may be muted, the long-term outlook for insurance stocks improves as foreign capital, expertise, and confidence in the sector steadily increase.

#1 Clear strategic shift from digital services to AI-centric enterprise transformation

#2 AI business has scaled to around USD 1.5 billion annualised revenue with around 5,000 engagements

#3 Margin aspiration of 26-28 percent reiterated along with 80-100 percent free cash flow payout

#4 Company expected to be a major beneficiary of tech spending recovery

#1 Wealth segment flows remain healthy supported by primary market activity

#2 AMC flows improving with potential institutional mandates

#3 Carry income visibility remains high with upside risks

#4 Talent acquisition momentum expected to translate into productivity gains

#5 UBS client synergies to materialise from Q1FY27

360 ONE WAM was quoting at Rs 1,144.95, up Rs 18.75, or 1.66 percent.

It has touched an intraday high of Rs 1,158.95 and an intraday low of Rs 1,122.90.

It was trading with volumes of 6,646 shares, compared to its five day average of 14,911 shares, a decrease of -55.43 percent.

The Sensex was up 5.33 points or 0.01 percent at 84,564.98, and the Nifty was up 18.25 points or 0.07 percent at 25,836.80. About 1446 shares advanced, 2297 shares declined, and 135 shares unchanged.

#1 Distribution strength driving market share gains across wheels, gold loans & commercial banking

#2 NIM trajectory expected to improve in H2 due to rate cuts & repricing benefits

#3 FY26 credit cost guidance maintained at 1 percent

#4 Operating efficiency to improve with no major costs from universal bank transition

AU Small Finance Bank was quoting at Rs 988, down Rs 2.10, or 0.21 percent.

It has touched an intraday high of Rs 993 and an intraday low of Rs 982.10.

#1 Asset servicing recovery on track with volume losses expected to be recouped by Q4FY26

#2 Wealth management flows remain strong with new product scaling

#3 Multiple cost levers support margin improvement

#4 Investment banking revenues remain stable due to strong DCM franchise

Nuvama Wealth Management was quoting at Rs 7,330.70, up Rs 157.50, or 2.20 percent.

It has touched an intraday high of Rs 7,498 and an intraday low of Rs 7,200.20.

The meeting of the Finance Committee of the Board of Directorsis scheduled to be held on Monday, December 22, 2025, to consider and approve terms

& conditions of the issuance of Non-Convertible Debentures on private placement basis.

IIFL Finance was quoting at Rs 564.55, up Rs 1.60, or 0.28 percent.

It has touched an intraday high of Rs 570.00 and an intraday low of Rs 555.10.

It was trading with volumes of 9,049 shares, compared to its five day average of 28,817 shares, a decrease of -68.60 percent.

In the previous trading session, the share closed down 0.84 percent or Rs 4.75 at Rs 562.95.

The share touched a 52-week high of Rs 592.55 and a 52-week low of Rs 280.95 on 01 December, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 4.73 percent below its 52-week high and 100.94 percent above its 52-week low.

Market capitalisation stands at Rs 24,006.24 crore.

Reserve Bank of India has issued a Certificate of Authorisation in the name of CAMSPay.

The company has also executed the Business Transfer agreement for the sale and transfer of its Payment Aggregator Business to CAMSPay, on a slump

sale basis with December 31, 2025 as the tentative closing date.

Computer Age Management Services was quoting at Rs 746.30, up Rs 12.45, or 1.70 percent.

It has touched an intraday high of Rs 758.30 and an intraday low of Rs 732.90.

It was trading with volumes of 123,946 shares, compared to its five day average of 17,654 shares, an increase of 602.07 percent.

In the previous trading session, the share closed down 2.67 percent or Rs 20.15 at Rs 733.85.

The share touched a 52-week high of Rs 1,057.60 and a 52-week low of Rs 606.00 on 03 January, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 29.43 percent below its 52-week high and 23.15 percent above its 52-week low.

Market capitalisation stands at Rs 18,482.17 crore.

BSE Limited was quoting at Rs 2,700.70, up Rs 70.20, or 2.67 percent.

It has touched an intraday high of Rs 2,702.00 and an intraday low of Rs 2,630.00.

It was trading with volumes of 3,266,877 shares, compared to its five day average of 4,550,125 shares, a decrease of -28.20 percent.

In the previous trading session, the share closed up 0.94 percent or Rs 24.60 at Rs 2,630.50.

The share touched a 52-week high of Rs 3,030.00 and a 52-week low of Rs 1,227.33 on 10 June, 2025 and 11 March, 2025, respectively.

Currently, the stock is trading 10.87 percent below its 52-week high and 120.05 percent above its 52-week low.

Market capitalisation stands at Rs 109,683.28 crore.

Tata Elxsi was quoting at Rs 4,990.85, up Rs 22.85, or 0.46 percent.

It has touched an intraday high of Rs 5,010.45 and an intraday low of Rs 4,935.

It was trading with volumes of 4,071 shares, compared to its five day average of 6,201 shares, a decrease of -34.35 percent.

In the previous trading session, the share closed down 0.47 percent or Rs 23.35 at Rs 4,968.

The share touched a 52-week high of Rs 7,322.85 and a 52-week low of Rs 4,601.05 on 20 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 31.85 percent below its 52-week high and 8.47 percent above its 52-week low.

Market capitalisation stands at Rs 31,090.61 crore.

SEBI’s sweeping market reforms are focused on improving ease of investing and capital formation. The reduction in Total Expense Ratio (TER) and mutual fund expense limits will directly lower costs for investors, enhancing long-term returns. Simplified disclosure norms and relaxed compliance requirements will make the IPO process more efficient for companies.

Additionally, streamlined approval timelines are expected to speed up fund-raising and improve market access. Overall, these investor-friendly measures strengthen transparency, affordability, and efficiency, while encouraging higher retail participation and boosting confidence in India’s capital markets.

Amber Enterprises India Limited was quoting at Rs 6,577.90, down Rs 3.95, or 0.06 percent.

It has touched an intraday high of Rs 6,632.45 and an intraday low of Rs 6,530.80.

It was trading with volumes of 3,702 shares, compared to its five day average of 8,771 shares, a decrease of -57.79 percent.

In the previous trading session, the share closed down 2.78 percent or Rs 188.55 at Rs 6,581.85.

The share touched a 52-week high of Rs 8,625.00 and a 52-week low of Rs 5,238.45 on 29 October, 2025 and 18 February, 2025, respectively.

Currently, the stock is trading 23.73 percent below its 52-week high and 25.57 percent above its 52-week low.

Market capitalisation stands at Rs 23,135.82 crore.

#1 High-teens retail growth & high-single-digit corporate growth support loan growth guidance

#2 Core NIMs expected to remain rangebound around 2.76 percent, with reported NIMs at 2.85-3 percent

#3 Export exposure remains low at <1 percent with no stress in overseas education loans

#4 ECL norm impact on CRAR partially offset by lower credit risk weights

Bank Of Baroda was quoting at Rs 290.25, up Rs 2.50, or 0.87 percent.

It has touched an intraday high of Rs 290.40 and an intraday low of Rs 285.75.

It was trading with volumes of 216,003 shares, compared to its five day average of 1,237,381 shares, a decrease of -82.54 percent.

#1 Company elaborated on its 5-pillar strategy to become world’s largest AI-led tech services firm

#2 Proactive AI adoption even at the risk of revenue cannibalisation is viewed positively

#3 AI engagements contribute USD 1.5 billion ARR & are growing at 16 percent QoQ

Tata Consultancy Services was quoting at Rs 3,272, up Rs 54.40, or 1.69 percent.

It has touched an intraday high of Rs 3,279 and an intraday low of Rs 3,224.05.

It was trading with volumes of 119,031 shares, compared to its five day average of 132,586 shares, a decrease of -10.22 percent.

In the previous trading session, the share closed up 0.41 percent or Rs 13.05 at Rs 3,217.60.

The share touched a 52-week high of Rs 4,381.95 and a 52-week low of Rs 2,867.55 on 20 December, 2024 and 01 October, 2025, respectively.

Currently, the stock is trading 25.33 percent below its 52-week high and 14.1 percent above its 52-week low.

Market capitalisation stands at Rs 1,183,838.24 crore.

Concord Biotech was quoting at Rs 1,332.50, up Rs 0.15, or 0.01 percent. It has touched a 52-week low of Rs 1,318.85. It has touched an intraday high of Rs 1,335.65 and an intraday low of Rs 1,318.85.

Jonjua Overseas was quoting at Rs 7.87, down Rs 0.53, or 6.31 percent. It has touched an intraday high of Rs 8.20 and an intraday low of Rs 7.81. It was trading with volumes of 47,146 shares, compared to its five day average of 62,576 shares, a decrease of -24.66 percent.

The company has received a Letter of Acceptance (LOA) and secured its first order worth Rs 273.24 crore in safety and signalling systems from Indian Railways.

The order involves the design, manufacture, supply, testing, and commissioning of Rail Borne Maintenance Vehicles (RBMV), including training of Indian Railways personnel, servicing, and breakdown maintenance.

The Government has decided to exercise the oversubscription option of 7.6 crore shares (0.395% of paid-up equity), in addition to 38.51 crore shares (2% of equity, the base offer size), of the bank in the offer-for-sale issue on December 18.

Hence, the total offer-for-sale size will be up to 46.12 crore equity shares, representing a 2.395% stake.

Indian Overseas Bank was quoting at Rs 34.35, up Rs 0.03, or 0.09 percent. It has touched an intraday high of Rs 34.74 and an intraday low of Rs 33.80. It was trading with volumes of 1,184,397 shares, compared to its five day average of 590,034 shares, an increase of 100.73 percent.

The Board has approved the issuance of 6.61 crore equity shares at an issue price of Rs 120.88 each, aggregating to Rs 800 crore, to Synergy Industrial and Power Metals and Credit Solutions India Trust.

Further, the Board has approved the issuance of 3.3 crore convertible warrants, each carrying the right to subscribe to one equity share of the company at an issue price of Rs 120.88 per warrant, aggregating to Rs 400 crore, to Hyderabad Jabilli Properties.

Federal Bank was quoting at Rs 266.00, up Rs 2.40, or 0.91 percent.

It has touched a 52-week high of Rs 266.80.

It has touched an intraday high of Rs 266.80 and an intraday low of Rs 263.05.

QIB – 0.00 times

NII - 0.22 times

Retail – 0.65 times

Overall – 0.37 times

#1 Analyst day highlighted company’s vision to become the world’s largest AI-Led tech services organisation

#2 Disclosed AI services revenue for the first time at USD 1.5 billion annualised, growing 16.3 percent QoQ

#3 Next-gen services revenue stands at USD 11 billion annualised & is growing faster than company average

#4 AI strategy anchored on five pillars including internal transformation, ai-led services, talent, client enablement & ecosystem development

#1 Positive thesis driven by expectations of a modest India CV recovery after three years of no growth

#2 Pricing discipline by large players like company & Ashok Leyland has led to margin & RoCE expansion despite weak demand

#3 Company’s acquisition of iveco expected to be value accretive as the EU truck cycle is likely bottoming

#4 Forecast FY26–28 EBITDA & EBIT CAGRs of 13 percent & 16 percent, respectively, leading to free cash flow generation of Rs 16,200 crore

Tata Motors was quoting at Rs 402.25, up Rs 15.55, or 4.02 percent.

It has touched a 52-week high of Rs 403.10.

It has touched an intraday high of Rs 403.10 and an intraday low of Rs 388.10.

It was trading with volumes of 542,542 shares, compared to its five day average of 821,526 shares, a decrease of -33.96 percent.

Clean Fino-Chem, wholly owned subsidiary of the company has commenced commercial production of Hydroquinone (HQ) and Catechol in a dedicated

production block today.

Clean Science & Technology was quoting at Rs 885.90, down Rs 6.15, or 0.69 percent.

It has touched a 52-week low of Rs 873.55.

It has touched an intraday high of Rs 892.70 and an intraday low of Rs 873.55.

It was trading with volumes of 5,940 shares, compared to its five day average of 9,038 shares, a decrease of -34.28 percent.

RattanIndia Enterprises announced the launch of Cocoblu Global Retail in the United Arab Emirates.

Cocoblu Global Retail is partnering with noon, the region’s leading e-commerce platform, under a hybrid model that leverages noon’s robust marketplace operations and Cocoblu’s deep sourcing strengths.

Rattanindia Enterprises was quoting at Rs 40.63, up Rs 0.46, or 1.15 percent. It has touched an intraday high of Rs 42.02 and an intraday low of Rs 39.69. It was trading with volumes of 87,197 shares, compared to its five day average of 80,692 shares, an increase of 8.06 percent.

Federal Bank was quoting at Rs 265.70, up Rs 2.10, or 0.80 percent.

It has touched a 52-week high of Rs 266.80.

It has touched an intraday high of Rs 266.80 and an intraday low of Rs 263.05.

It was trading with volumes of 101,767 shares, compared to its five day average of 474,626 shares, a decrease of -78.56 percent.

In the previous trading session, the share closed up 0.42 percent or Rs 1.10 at Rs 263.60.

Market capitalisation stands at Rs 65,411.56 crore.

Reliance Power was quoting at Rs 38.47, up Rs 2.76, or 7.73 percent.

It has touched an intraday high of Rs 38.80 and an intraday low of Rs 35.70.

It was trading with volumes of 8,359,328 shares, compared to its five day average of 6,938,840 shares, an increase of 20.47 percent.

In the previous trading session, the share closed up 3.00 percent or Rs 1.04 at Rs 35.71.

The share touched a 52-week high of Rs 76.49 and a 52-week low of Rs 31.30 on 11 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 49.71 percent below its 52-week high and 22.91 percent above its 52-week low.

Market capitalisation stands at Rs 15,910.31 crore.

The shares of IndiGo-parent Interglobe Aviation jumped more than 2 percent sharply on December 18 after CEO Pieter Elbers told employees "the worst is behind us". This comes after the airline faced crisis earlier this month, leading to massive cancellations and chaos. Read More

Interglobe Aviation was quoting at Rs 5,107.45, up Rs 127.60, or 2.56 percent. It has touched an intraday high of Rs 5,115 and an intraday low of Rs 4,956.85. It was trading with volumes of 85,035 shares, compared to its five day average of 190,450 shares, a decrease of -55.35 percent.

#1 Positive on two-wheeler demand outlook but GST cut driven demand boost has faded in November-December

#2 Company’s registration market share, after seasonal festive improvement, declined again in December

#3 Stock is up 40 percent CYTD largely due to valuation expansion & 20x FY27E PE is considered expensive

Hero Motocorp was quoting at Rs 5,719.20, down Rs 94.25, or 1.62 percent.

It has touched an intraday high of Rs 5,790 and an intraday low of Rs 5,524.55.

It was trading with volumes of 15,013 shares, compared to its five day average of 28,876 shares, a decrease of -48.01 percent.

In the previous trading session, the share closed down 2.19 percent or Rs 130.15 at Rs 5,813.45.

The share touched a 52-week high of Rs 6,390 and a 52-week low of Rs 3,322.60 on 05 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 10.5 percent below its 52-week high and 72.13 percent above its 52-week low.

Market capitalisation stands at Rs 114,430.68 crore.

Walchandnagar Industries was quoting at Rs 196.05, up Rs 21.45, or 12.29 percent.

It has touched an intraday high of Rs 201.20 and an intraday low of Rs 174.35.

It was trading with volumes of 932,334 shares, compared to its five day average of 209,586 shares, an increase of 344.85 percent.

In the previous trading session, the share closed up 4.52 percent or Rs 7.55 at Rs 174.60.

The share touched a 52-week high of Rs 303.55 and a 52-week low of Rs 142.95 on 30 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 35.41 percent below its 52-week high and 37.15 percent above its 52-week low.

Market capitalisation stands at Rs 1,330.04 crore.

The Government has decided to exercise the oversubscription option of 7.6 crore shares (0.395% of paid-up equity), in addition to 38.51 crore shares (2% of equity, the base offer size), of the bank in the offer-for-sale issue on December 18.

Hence, the total offer-for-sale size will be up to 46.12 crore equity shares, representing a 2.395% stake.

Indian Overseas Bank was quoting at Rs 34.49, up Rs 0.17, or 0.50 percent.

It has touched an intraday high of Rs 34.74 and an intraday low of Rs 33.80.

It was trading with volumes of 1,095,880 shares, compared to its five day average of 590,034 shares, an increase of 85.73 percent.

In the previous trading session, the share closed down 6.15 percent or Rs 2.25 at Rs 34.32.

The share touched a 52-week high of Rs 54.45 and a 52-week low of Rs 33.01 on 14 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 36.66 percent below its 52-week high and 4.48 percent above its 52-week low.

Market capitalisation stands at Rs 66,415.98 crore.

Bliss GVS Pharma was quoting at Rs 163.40, up Rs 18.65, or 12.88 percent.

It has touched an intraday high of Rs 167.55 and an intraday low of Rs 144.60.

It was trading with volumes of 831,057 shares, compared to its five day average of 35,742 shares, an increase of 2,225.17 percent.

In the previous trading session, the share closed up 0.77 percent or Rs 1.10 at Rs 144.75.

The share touched a 52-week high of Rs 190.65 and a 52-week low of Rs 105.05 on 31 July, 2025 and 09 May, 2025, respectively.

Currently, the stock is trading 14.29 percent below its 52-week high and 55.54 percent above its 52-week low.

Market capitalisation stands at Rs 1,728.59 crore.

KP Group has signed a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana to collaborate on the development of large-scale renewable energy generation, energy storage, and transmission infrastructure projects, requiring capital investment of around $4 billion (Rs 36,000 crore).

K.P. Energy was quoting at Rs 335.70, down Rs 1.80, or 0.53 percent.

It has touched an intraday high of Rs 346.70 and an intraday low of Rs 332.85.

It was trading with volumes of 17,584 shares, compared to its five day average of 12,417 shares, an increase of 41.61 percent.

In the previous trading session, the share closed down 2.05 percent or Rs 7.05 at Rs 337.50.

The share touched a 52-week high of Rs 591.85 and a 52-week low of Rs 326.65 on 19 December, 2024 and 09 December, 2025, respectively.

Currently, the stock is trading 43.28 percent below its 52-week high and 2.77 percent above its 52-week low.

Market capitalisation stands at Rs 2,246.07 crore.

The Sensex was up 109.55 points or 0.13 percent at 84,669.20, and the Nifty was up 49.40 points or 0.19 percent at 25,867.95. About 1484 shares advanced, 2104 shares declined, and 139 shares unchanged.

We believe the comprehensive mutual fund fee overhaul is a progressive step that reinforces investor-first approach and will lower costs, enhance transparency around charges, and ultimately improve net long-term returns for mutual fund investors.

SEBI has eased IPO norms through a digital-first disclosure regime and simplified lock-in rules. Lengthy draft documents are replaced with a concise Abridged Prospectus, available upfront via QR codes, aiding quicker retail decisions. Lock-in compliance for pledged non-promoter shares is also simplified by marking them non-transferable, reducing delays and easing IPO execution. Overall, these reforms reduce compliance friction, improve accessibility and help investors focus on key information

#1 5-pillar transformation strategy centres on embedding AI across all offerings

#2 40 percent of portfolio now lies in new-age technologies

#3 Management reiterated commitment to financial discipline while investing for growth

QIB – 0.00 times

NII - 0.18 times

Retail – 0.61 times

Overall – 0.34 times

Indian rupee is trading higher at 90.17 per dollar against Wednesday's close of 90.37.

Alembic Pharmaceuticals was quoting at Rs 841.85, down Rs 5.05, or 0.60 percent.

It has touched an intraday high of Rs 848.25 and an intraday low of Rs 837.20.

It was trading with volumes of 1,253 shares, compared to its five day average of 4,085 shares, a decrease of -69.33 percent.

In the previous trading session, the share closed up 0.09 percent or Rs 0.75 at Rs 846.90.

The share touched a 52-week high of Rs 1,122.40 and a 52-week low of Rs 725.60 on 06 January, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 25 percent below its 52-week high and 16.02 percent above its 52-week low.

Market capitalisation stands at Rs 16,547.67 crore.

Patel Engineering Company was quoting at Rs 31.46, up Rs 0.64, or 2.08 percent.

It has touched an intraday high of Rs 31.89 and an intraday low of Rs 29.80.

It was trading with volumes of 370,444 shares, compared to its five day average of 671,235 shares, a decrease of -44.81 percent.

In the previous trading session, the share closed up 6.09 percent or Rs 1.77 at Rs 30.82.

The share touched a 52-week high of Rs 53.77 and a 52-week low of Rs 28.74 on 20 December, 2024 and 16 December, 2025, respectively.

Currently, the stock is trading 41.49 percent below its 52-week high and 9.46 percent above its 52-week low.

Market capitalisation stands at Rs 3,121.28 crore.

Benchmark indices steadied after a volatile start. The Nifty 50 was up 0.14 percent, supported by gains in banking and IT stocks, while the Nifty Bank rose 0.33 percent. Broader markets remained mixed: the Nifty Midcap 100 inched 0.19 percent higher, but the Smallcap 100 slipped 0.1 percent and the Nifty Next 50 fell 0.32 percent. On a year-to-date basis, the Nifty Bank continues to lead with a 16.24 percent gain, contrasting with notable underperformance in small- and mid-cap spaces over the past month.

The company’s subsidiary, AG Enviro Infra Projects, has received two contracts worth Rs 1,330 crore for the collection and transportation of municipal solid waste (MSW) in Mumbai from the Brihanmumbai Municipal Corporation.

The contracts were awarded to its consortium/joint venture comprising AG Enviro Infra Projects (51% stake), Jigar Transport Company (29%), and M K Enterprises (20%).

IndiGo chief Pieter Elbers told employees the “worst is behind us” following this month’s flight disruptions, urging staff to avoid speculation and stay focused on their professional roles. He said similar challenges have affected major global carriers and that IndiGo will apply those learnings, with the leadership team set to visit operations across the network to hear feedback and assess issues. Elbers added that the disruptions between 3-5 December should not define the airline’s 19-year journey.

Max Healthcare shares were trading at 1,046.2 on NSE, up 1.46 percent from the previous close. The stock rose to an intra-day high of Rs 1,047.

Max Healthcare board approves to enter into a share purchase agreement for acquisition of 100 percent equity stake in Yerawada Props, Pune for Rs 200 crore

Shares of Ola Electric extend drop by as much as 4.5% to Rs 31.42 apiece, down nearly 16% in three days.

Electric two-wheeler manufacturer's chief executive officer Bhavish Aggarwal sold another 4.2 million shares worth Rs 142 crore on Wednesday.

The Sensex was up 73.30 points or 0.09 percent at 84,632.95, and the Nifty was up 28.25 points or 0.11 percent at 25,846.80. About 1364 shares advanced, 2099 shares declined, and 136 shares unchanged.

#1 SEBI announced final expense ratio slabs excluding brokerage that are 5 bps higher than the Oct 2025 consultation paper

#2 Brokerage expense ratios were cut by 10 bps compared to 15 bps proposed earlier

#3 GST on commissions estimated at 11-12 bps of AUM, providing 1-2 bps of relief

#4 This relief offsets the 5 bps impact from exit load removal, resulting in a net 3–3.5 bps impact for large AMCs

#5 AMCs are expected to pass through 60–70 percent of the impact to distributors, resulting in a net impact of 1-1.5 bps

#6 This equals around 4 percent of operating profit & around 3.4 percent of FY25 PBT for company

The real estate and infrastructure development subsidiary of the Mahindra Group has launched Mahindra Blossom, a residential development project in Whitefield, Bengaluru, with a potential gross development value (GDV) of approximately Rs 1,900 crore.

Mahindra Lifespace Developers was quoting at Rs 395.05, down Rs 4.40, or 1.10 percent.

It has touched an intraday high of Rs 407.90 and an intraday low of Rs 392.45.

It was trading with volumes of 2,548 shares, compared to its five day average of 7,266 shares, a decrease of -64.93 percent.

#1 Highlighted strategic pivot toward full-stack AI-led services across infra to intelligence layers

#2 Enterprise AI adoption remains in early stages with company positioned as a key enabler

#3 AI expected to expand addressable market significantly

#4 Company making necessary investments to execute the vision

Tata Consultancy Services was quoting at Rs 3,235, up Rs 17.40, or 0.54 percent.

It has touched an intraday high of Rs 3,247 and an intraday low of Rs 3,224.05.

It was trading with volumes of 41,421 shares, compared to its five day average of 132,586 shares, a decrease of -68.76 percent.

In the previous trading session, the share closed up 0.41 percent or Rs 13.05 at Rs 3,217.60.

The share touched a 52-week high of Rs 4,381.95 and a 52-week low of Rs 2,867.55 on 20 December, 2024 and 01 October, 2025, respectively.

Currently, the stock is trading 26.17 percent below its 52-week high and 12.81 percent above its 52-week low.

Market capitalisation stands at Rs 1,170,451.31 crore.

QIB – 0.00 times

NII - 0.15 times

Retail – 0.53 times

Overall – 0.30 times

The company has completed the acquisition of a 26% equity share capital in FPEL HR1 Energy.

ISGEC Heavy Engineering was quoting at Rs 803.80, down Rs 7.20, or 0.89 percent.

It has touched an intraday high of Rs 806.25 and an intraday low of Rs 800.00.

In the previous trading session, the share closed down 1.34 percent or Rs 11.00 at Rs 811.00.

The share touched a 52-week high of Rs 1,598.95 and a 52-week low of Rs 750.00 on 09 January, 2025 and 09 December, 2025, respectively.

Currently, the stock is trading 49.73 percent below its 52-week high and 7.17 percent above its 52-week low.

Market capitalisation stands at Rs 5,910.30 crore.

The United States Food and Drug Administration (US FDA) inspected Unit-IV of APL Healthcare, a wholly owned subsidiary of the company, situated at Palchur village and part of Palepalem Village Naidupeta Mandal, SPSR Nellore District, 524126, Andhra Pradesh, from December 08 to December 17, 2025.

At the end of the current inspection, a ‘Form 483’ was issued with 05 observations which are procedural in nature, and company will respond to the US FDA within the stipulated timelines.

Aurobindo Pharma was quoting at Rs 1,187.60, down Rs 5.45, or 0.46 percent. It has touched an intraday high of Rs 1,195.05 and an intraday low of Rs 1,177.55. It was trading with volumes of 4,589 shares, compared to its five day average of 8,160 shares, a decrease of -43.77 percent.

The company has received a Letter of Award from Power Grid Corporation of India for the refurbishment of the 2×500 MW HVDC Chandrapur back-to-back link between the northern and southern parts of India.

The scope of the project includes the upgrade of HVDC thyristor valves and HVDC controls and protection systems.

GE Vernova TD India was quoting at Rs 2,848.70, down Rs 121.70, or 4.10 percent.

It has touched an intraday high of Rs 2,985.10 and an intraday low of Rs 2,841.00.

It was trading with volumes of 4,167 shares, compared to its five day average of 8,469 shares, a decrease of -50.80 percent.