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Nifty trades at 25,088.60 (-25.40 points, -0.10%) while Sensex dips to 81,862.74 (-41.96 points, -0.05%).
RailTel surged on Rs. 209.78 crore Bihar project order, while Parag Milk Foods rose 9.93% to Rs. 306, hitting a 52-week high.
Urban Company’s Rs. 1,900 crore IPO allotment is due today, Jay Ambe Supermarkets oversubscribed 59.84 times ahead of September 17 listing.
Indian Stock Market shows bearish trends as the benchmark trade is almost flat or with slight dips. Nifty 50 traded at 25,088.60, down by 25.40 points (-0.10%), while Sensex was at 81,862.74 with a dip of 41.96 points (-0.05%). Banking stocks offered some upside with Nifty Bank going up by 123.60 points to trade at 54,932.90. Let’s see today’s stock movements in detail based on Moneycontrol Live Updates to understand where the market is heading.
The technology sector faced pressure with Nifty IT index dropping 354.45 points (-0.98%) to 35,756.30. The price dip can be attributed to losses in major IT stocks like Infosys, which fell 1.28% to Rs. 1,506.10, and Tech Mahindra shares which were down by 1.23% to Rs. 1,506.80. Asian Paints turned out to be the biggest loser on Nifty 50, falling 1.80% to Rs. 2,500.40.
On the other hand, BSE Smallcap index outperformed, rising 270.80 points (0.51%) to 53,819.29. The telecom sector also showed strong momentum, surging 1% amid reports suggesting potential regulatory caps on satellite broadband subscribers. These may be applied to companies like Starlink, Amazon's Project Kuiper, etc.
Many stocks touched their 52-week highs today, with nearly 100 stocks on BSE achieving this milestone. Godawari Power & Ispat gained 8.65% to Rs. 265.10, reaching a 52-week high of Rs. 267.70.
Parag Milk Foods witnessed its biggest gain in 19 weeks, jumping 9.93% to Rs. 306 and touching a 52-week high of Rs. 307.95. Rail Vikas Nigam continued its winning streak for the seventh consecutive day, rising 4.66% to Rs. 353.85.
Among the most active stocks in the F&O segment, Vodafone Idea gained 6.14% with a trading value of Rs. 703.65 crore. At the same time, Hindustan Aeronautics and Bajaj Finance also saw high-volume trading.
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Tata Technologies share price was up today as the company announced an acquisition plan of a Germany-based company, as reported by Business Standard. Through its Singapore subsidiary, Tata Technologies signed an agreement to get 100% equity in Germany-based ES-Tec GmbH for EUR 75 million. This strategic acquisition is expected to strengthen the company's European operations. It is scheduled for completion by December 2026.
According to a Financial Express report, the share allotment of Urban Company IPO worth Rs. 1,900 crore is scheduled for today (September 15). The company's shares will debut on both NSE and BSE on September 17.
Apollo Hospitals announced its plan to acquire a 30.58% stake in subsidiary Apollo Health and Lifestyle from International Finance Corporation for Rs. 1,254 crore. This transaction will make AHLL a wholly-owned subsidiary, while the company also announced a Rs. 573 crore investment in a comprehensive oncology facility in Gurugram.
RailTel Corporation secured a significant order worth Rs. 209.78 crore from Bihar Education Project Council, causing its shares to surge by the most in 14 weeks. The project involves implementing education quality enhancement initiatives under the PM SHRI scheme.
Jay Ambe Supermarkets' IPO received an overwhelming response with 59.84 times subscription, while Galaxy Medicare's issue managed 1.79 times subscription as reported by Groww. Both companies are scheduled to commence trading on September 17 on BSE SME and NSE Emerge platforms, respectively.
Moneycontrol reported that rice exporter Shriram Food Industry filed IPO papers with SEBI to raise funds for debt reduction, though specific details about Shriram Finance shares performance weren't highlighted in today's session.
Also Read: Dividend Stocks Explained: Types and How They Work?
Indian stock market remains in a consolidation phase with Nifty trading around the crucial 25,100 level while Sensex approaches the psychological 82,000 mark. Foreign institutional investors showed net buying of Rs. 129.58 crore, while domestic institutional investors contributed Rs. 1,556.02 crore, indicating continued domestic support despite global uncertainties and technical resistance levels.
Nifty and Sensex ended slightly lower due to profit booking in IT and FMCG stocks despite strong performance in banks and telecom. Market remained range-bound around psychological levels of 25,100 for Nifty and 82,000 for Sensex.
RailTel shares jumped after securing a Rs. 209.78 crore government order, Parag Milk Foods surged nearly 10% to a 52-week high, and Godawari Power rose 8.65% with heavy volumes.
Tata Technologies’ €75 million German acquisition, Apollo Hospitals’ Rs. 1,254 crore buyout of AHLL, and RailTel’s Bihar project order were key drivers influencing stock-specific movements across sectors today.
Urban Company IPO allotments were finalized ahead of its September 17 listing. Jay Ambe Supermarkets IPO saw record demand with 59.84x subscription, while Galaxy Medicare achieved 1.79x subscription.
Markets are in consolidation near key resistance zones. With Nifty around 25,100 and Sensex near 82,000, investor sentiment will depend on global cues, institutional flows, and IPO performance.
