Global Market Futures (as of 05:40 AM IST)
US Market (Futures)
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Nasdaq: -0.04%
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Dow Jones: +0.01%
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S&P 500: +0.02%
European (Futures)
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Ftse 100: +0.05%
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Cac 40: +0.08%
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Dax : -0.16%
Asian
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Nikkei 225: +0.71%
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ASX 200: +0.13%
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KOSPI: +0.41%
Gift Nifty: 25920.00 (-0.04%)
FII and DII Trading Activity December 9, 2025 in Cash market:
FIIs / FPIs: Net Sell of ₹3760.08 crore
DIIs: Net Buy of ₹6,224.89 crore
Key Corporate & Economy Updates:
Positive:
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AU Small Finance Bank: Received Government of India approval to increase foreign investment limit in the bank to the maximum permissible 74%, enabling higher FDI/FPI participation.
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TVS Supply Chain Solutions: Approved investment of up to ₹1 billion in a subsidiary, signalling growth and expansion plans.
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Thermax: Bombay High Court set aside the arbitral award against the company, removing a legal/financial overhang.
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Acme Solar Holdings: Subsidiary received Gujarat’s certificate of commissioning for a 16 MW wind power project, adding to operational renewable capacity.
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LTIMindtree: Formed a strategic partnership with Xage Security to deliver zero-trust cybersecurity solutions for critical infrastructure, strengthening its digital and cybersecurity services offering.
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Supreme Petrochem: Restored operations at the Manali plant, normalising production and supply.
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Anupam Rasayan India: Approved acquisition of Monitchem Kansas and entered a deal valued at about $155 million, enhancing its product portfolio and global presence.
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Kirloskar Oil Engines: Received a favourable order under the CGST Act 2017, removing a potential tax liability.
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B-Right Realestate: Subsidiary signed an agreement for a project with gross development value of ₹1.81 billion, adding to project pipeline.
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Dhruv Consultancy Services: Awarded a project valued at ₹60.3 million, boosting order book.
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Sri Adhikari Brothers Television Network: Signed an MoU with the Telangana government for development of a 50 MW AI & green data centre, with a planned investment of ₹40 billion, supporting large-scale digital infrastructure expansion.
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Highway Infrastructure: Received a letter of award (LOA) worth ₹3.29 billion, strengthening revenue visibility.
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HG Infra Engineering: Tax department closed show-cause notice with nil demand, eliminating a potential tax risk.
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NLC India: Declared commercial operation of Unit-2 of the Ghatampur thermal power project, increasing operational capacity.
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Zydus Lifesciences: Entered an exclusive partnership with Formycon for licensing and supply of a biosimilar to Keytruda for the US and Canada, expanding its complex biologics pipeline and global oncology presence.
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Stratmont Industries: Completed acquisition of equity in Stratmont Coal and Commodity, adding exposure to coal and commodity trading.
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GPT Infraprojects: Declared L1 for an order valued at ₹1.99 billion, strengthening its order backlog.
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Tata Power Company: Commissioned the 400 kV Koteshwar–Rishikesh transmission line, enhancing its transmission infrastructure portfolio.
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Jaykay Enterprises: Approved acquisition in JK Defence & Aerospace totalling ₹20 million, increasing exposure to defence and aerospace.
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Zaggle Prepaid Ocean Services: Acquired 100% equity stake in GreenEdge Enterprises, expanding its solutions/offerings via inorganic growth.
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Graphite India: Announced a partnership with Kivoro to commercialise graphene-based heat-transfer additives, opening new specialty material opportunities.
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Oval Projects Engineering: Received an LOA worth ₹132.3 million from the Government of Tripura, adding to the execution pipeline.
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SEPC Ltd: Joint venture won a project worth ₹860 million at Bihta Airport, improving order book visibility.
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Dilip Buildcon / NALCO: Dilip Buildcon received a 25-year MDO (mine developer and operator) contract from NALCO, providing long-term revenue visibility.
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Godrej Industries / Jersey: Jersey to invest ₹1.50 billion in a dairy facility in Telangana, with the project expected to create over 300 direct jobs in three years; Godrej group plans to invest over ₹100 billion in the state, signalling strong capex and regional expansion.
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Interstate Oil Carrier: Reported November 2025 volumes 33.40% higher than November 2024, indicating robust operational growth.
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Pine Labs: Setu by Pine Labs launched an agentic bill-payments experience on AI platforms Claude and ChatGPT, now available to users, showcasing innovation in AI-enabled financial services.
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Sammaan Capital: Competition Commission of India (CCI) approved IHC’s stake purchase in Sammaan Capital, clearing a financial services investment transaction.
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Schneider Electric: CCI approved Schneider Electric SE’s acquisition of a stake in Schneider Electric India and SEJV2 from MacRitchie Investments, enabling group-level restructuring.
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SEBI – Brightcom Group: Issued a settlement order in the matter relating to investigation into Brightcom Group’s financial statements, partially closing a key regulatory overhang.
Negative:
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IndiGo: Directed by India’s civil aviation authorities to reduce its domestic winter schedule by 10% (including regulator’s 5% curtailment component), faces a penalty of KWD 448,793 for FY 2021–25 from the Kuwait's Department of Inspection and Tax Claims, even as it plans to operate nearly 1,900 flights on 10 December; overall, regulatory curtailment and penalty are negative for operations and costs.
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Thomas Cook (India): Received a tax penalty of ₹85.7 million, creating an incremental financial burden.
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Patanjali Foods: Received a tax penalty of ₹6.3 million, mildly negative from a compliance and cash-flow standpoint.
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Dhanlaxmi Cotex: Executive Director and CFO Rahul Mahesh Jhawar resigned, raising near-term governance and continuity concerns.
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Reliance Communications / Reliance Telecom: Reliance Telecom received a letter from Union Bank of India informing that its accounts have been classified as “fraud”, a significant negative from a banking and resolution perspective.
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Aditya Birla Fashion: Received a notice for a total tax demand of ₹16.4 million, adding to contingent liabilities.
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Mawana Sugars: Received a tax demand notice for ₹15.7 million, negative for near-term financials.
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LIC (Life Insurance Corporation of India): Received a GST demand order for the state of Haryana, with tax and penalty of ₹30.2 million each, adding to potential outflows and compliance overhang.
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Hi-Klass Trading and Investment: CEO Tanish Sharma resigned, posing short-term management continuity risk.
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Vishal Mega Mart: Received a tax order with total financial impact of ₹134.8 million, including tax and penalty, a negative compliance development for the unlisted retailer.
Neutral / Others
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Himatsingka Seide: Board meeting scheduled on 12 December to consider fund raising via non-convertible debentures (NCDs), indicating potential balance sheet/capex planning.
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JSW Energy: To consider fund raising, indicating ongoing evaluation of capital structure or growth funding.
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Onix Solar Energy: Piyush Savaliya appointed as Managing Director, signalling leadership change but no immediate financial impact disclosed.
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NRB Bearings: Raman Malhotra resigned as CFO and Dhara Di-iedhi appointed as interim CFO, a transitional governance event with limited disclosed financial impact.
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Ratnaveer Precision Engineering: Board to consider raising of funds, a preparatory capital-raising step.
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Shakti Press: To consider fund raising through various modes, signalling potential future equity/debt issuance.
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Marg Techno-Projects: To consider issue of equity shares, indicating a possible capital-raising or corporate restructuring move.
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Madhusudan Securities: CFO Sausan Bukhari resigned and Vishwanatha Srinivas appointed as new CFO effective 9 December 2025, a routine senior management transition.
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NALCO: Base mining charges set at ₹423 per tonne; while it impacts costs, overall effect depends on pass-through and pricing – currently viewed as neutral update pending further detail.
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Swiggy: Floor price for the qualified institutions placement (QIP) set at ₹390.51 per share, with the board authorising opening of the QIP today, marking a key capital-raising step ahead of potential listing.
Non-Corporate, Unlisted & Foreign / Macro
1) ICE Cotton Futures: Prices slightly pared gains after the USDA’s WASDE report but were last up 0.2%, indicating modest firmness in global cotton markets.
2) Nephrocare Health Services (IPO): Investors allocated shares worth ₹2.6 billion in the IPO anchor book, reflecting strong pre-IPO institutional interest.
3) Jindal Supreme (India) (IPO): Filed draft prospectus for an IPO comprising an offer for sale of 2.7 million shares by existing shareholders and a fresh issue of 10.7 million shares, marking the next step towards listing.
4) Microsoft: CEO announced on X that Microsoft is committing around $17.5 billion to support India’s AI ambitions, signalling very large-scale tech and cloud investment into the country.
5) Curefit / Cultfit / Fitness First Luxembourg: Competition Commission of India approved a combination involving Curefit Healthcare, Cultfit Healthcare and Fitness First Luxembourg, supporting consolidation in the fitness/wellness space.
6) Formycon AG: Upon signing of an agreement, the company will be eligible in 2025 to receive mid-teens–million-euro upfront and milestone payments, including economics from the biosimilar Keytruda partnership with Zydus, positive for its biosimilar pipeline economics.
7) Thyssenkrupp / Jindal Steel International / TK Elevator: Thyssenkrupp’s CEO stated that Jindal Steel International is seen as an ideal fit for Thyssenkrupp Steel Europe (with “plan B” retained), a board member noted workers view Jindal positively, and management reiterated its ~16–17% stake in TK Elevator, underscoring ongoing strategic options and potential cross-border steel consolidation.
8) FX Markets: RBI proposed that authorised banks provide mid-market bid and ask prices for FX and FX interest rate derivatives, enhancing pricing transparency for market participants.
9) Retail FX Costs: RBI proposed that authorised banks provide retail users details of the total cost for foreign exchange transactions before contract execution, aimed at consumer protection and fee transparency.
10) Banking Sector: RBI Governor met MD & CEOs of public- and private-sector banks, a routine high-level engagement on system health, credit flows and risk management.
11) India 10-Year G-Sec: Benchmark 10-year government bond yield (IN063335G-CC) closed at 6.6161% versus 6.5697% previously, indicating a modest uptick in sovereign yields.
Bulk Deals:
JSW Energy
GQG Partners Emerging Markets Equity Fund, managed by boutique asset manager GQG Partners (co-founded by Rajiv Jain), sold 1.52 crore equity shares (0.87% of paid-up equity) in the company for Rs 676.7 crore at Rs 444 per share. US-based GQG Partners held a 1.79 percent stake in JSW Energy as of September 2025
Anand Rathi Wealth
SBI Mutual Fund acquired 6.02 lakh shares of Anand Rathi Wealth for ₹168.8 crore, raising its stake by 0.7%, while Amit Rathi offloaded 20 lakh shares worth ₹560 crore. Investor Fahim Sultan Ali purchased 3.54 lakh shares for ₹196 crore. As of September 2025, SBI MF and Amit Rathi held 1.84% and 3.09% stakes, respectively.
Today's Listings:
Mainboard
Meesho, Aequs, Vidya Wires
SME
Shri Kanha Stainless
On-going IPO:
Last Date 10-Dec
-Corona Remedies Ltd
-Wakefit Innovations Ltd
-Riddhi Display Equipments Ltd (BSE SME)
-K V Toys India Ltd (BSE SME)
-Prodocs Solutions Ltd (BSE SME)
Upcoming IPO:
(10-Dec to 12-Dec)
-Park Medi World Ltd
-Nephrocare Health Services Ltd
-Unisem Agritech Ltd (BSE SME)
(11-Dec to 15-Dec)
-Pajson Agro India Ltd (BSE SME)
(12-Dec to 16-Dec)
-Ashwini Container Movers Ltd (NSE SME)
-Exim Routes Ltd (NSE SME)
Securities Trading Ex-Resolution Plan (Suspension) on December 10, 2025
Garodia ChemicalsLtd
Securities Under F&O Ban on December 10, 2025
Sammaan Capital, Bandhan Bank
Source: WOWNEWS24X7, Moneycontrol, Investing.com
