Positive Buzz

• Indian stock indices, Sensex and Nifty 50, are anticipated to open strong on Friday, December 12, tracking positive global cues, especially after the US Federal Reserve's rate cut.
• The market capitalization saw a significant increase, with investors' wealth growing by nearly ₹2.6 lakh crore in a single session following the rate cut.
• The Sensex demonstrated strong resilience, recovering over 700 points from its intraday low and forming a bullish candle on daily charts, signaling potential for further upside.
• Broader market indices, including midcap and small-cap segments, performed well, with broad-based gains across sectors such as autos, IT, pharma, telecom, PSU and private banks, metals, and realty.
• Larsen & Toubro (L&T) received an upgrade to 'Buy' from 'Neutral' by Goldman Sachs, with a raised target price of ₹5,000, citing expected strong growth from defense, green hydrogen, nuclear power, and a rising domestic capital expenditure cycle.
• NBCC secured two new project management consultancy orders totaling ₹289 crore: ₹255.5 crore from NALCO and ₹33.8 crore from SAIL Bokaro.
• Honasa Consumer is set to acquire BTM Ventures, the parent company of Reginald Men, marking its entry into the men's personal care segment through a no-cash, no-debt deal for an initial 95% stake.
• Astra Microwave has been awarded a work order worth ₹171.38 crore by the India Meteorological Department (IMD) for the supply of six Klystron-based S-band polarimetric Doppler weather radars.
• Vedanta emerged as the successful bidder for the Genjana nickel, chromium, and PGE block under the Critical Mineral Auctions – Tranche III, enhancing its critical minerals portfolio.
• Indian Overseas Bank revised its Marginal Cost of Funds Based Lending Rate (MCLR), reducing the three-month, six-month, and one-year rates, effective December 15.
• Rama Steel Tubes announced the approval for the joint acquisition of Automech Group Holding Limited, a UAE-based engineering and industrial services conglomerate, for approximately ₹728 Crore (AED 296 million).
• Glenmark Pharmaceuticals is slated to launch a generic medication in the US market this month for the treatment of anemia.
• ITC Hotels announced the signing of Epiq Collection Jaipur, Bagru, a 150-key hotel project scheduled to open in 2030, under its new premium brand.
• Sona Selection has filed draft papers for an Initial Public Offering (IPO) comprising a fresh issue of up to 1.4 crore shares.

Neutral Developments

• Analysts anticipate the Indian market to consolidate today after the previous session's sharp recovery, with potential volatility due to continued foreign fund selling and uncertainties surrounding India-US trade negotiations.
• Foreign Institutional Investors (FIIs) remained net sellers for the tenth consecutive session, offloading equities worth ₹1,651 crore, while Domestic Institutional Investors (DIIs) infused ₹3,752 crore into the market.
• For Nifty, immediate resistance is noted at 26,000-26,050, with strong support levels identified at 25,750 and 25,800.
• Religare Broking maintains a mildly negative bias for Nifty if it stays below 26,050–26,100, with support placed at 25,550–25,500.
• IndiGo CEO Pieter Elbers has been summoned by the Directorate General of Civil Aviation (DGCA) on December 12, 2025, to address the airline's operational disruptions.
• Nuvama reduced its target for InterGlobe Aviation (IndiGo) by 5% to ₹5,069, maintaining a 'Hold' rating, while Morgan Stanley kept an 'Overweight' rating with a target price of ₹6,359, acknowledging near-term earnings weakness but a resilient long-term outlook.
• HSBC maintained a 'Reduce' rating on Honasa Consumer with a target price of ₹242 following the company's entry into the men's grooming category.
• Morgan Stanley retained an 'Overweight' rating on Suzlon Energy with a target price of ₹78, citing improved export pipelines and stronger margins in its Operations & Maintenance business.
• Morgan Stanley also maintained an 'Overweight' rating on Adani Power with a target of ₹181, projecting the full tie-up of 23.7GW upcoming capacity by next year and efficient capital expenditure execution.
• Nuvama maintained a 'Hold' rating for Tata Steel.
• Cyient acquired Abu Dhabi & Gulf Computer Est. to bolster its digital services and consulting capabilities in the Middle East.
• TRF announced the resignation of its CFO, Anand Chand, effective December 11, with Animesh Upadhyay taking over the role from December 12.
• Operations at Kirloskar Ferrous Industries' Hiriyur plant remain suspended pending additional maintenance and repair work.
• Kotak Securities has a 'Reduce' rating on LG Electronics with a target price of ₹1,600, while Bernstein has an 'Underperform' rating on SBI Cards with a target price of ₹780.
• Citigroup views Siemens' business sale as having minimal impact.

Negative News

• Piramal Pharma received a Form 483 with four observations from the US Food and Drug Administration (FDA) following a Good Manufacturing Practices (GMP) inspection at its Lexington, Kentucky, facility.
• GAIL received a Goods and Services Tax (GST) demand order totaling ₹143.08 crore, which includes penalties.
• Kansai Nerolac Paints approved the sale of its entire 60% stake in its Sri Lankan subsidiary, Kansai Paints Lanka (Private) Ltd., to Sri Lanka-based Atire (Private) Limited.
• Concerns persist over the depreciating Indian rupee, which touched a fresh low against the US dollar on Thursday.
• Religare Broking indicated that Nifty appears to have completed a five-wave impulsive pattern, and a breakdown below its rising trendline suggests the beginning of a corrective phase, accompanied by weakening momentum indicators.
• A potential fall below the Sensex level of 84,150 could weaken the current uptrend and increase its vulnerability to downside movements.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex

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