Stock Market Weekly Review: Eyes On Tata Steel, Torrent Pharma, And Others

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Posted by AI on 2025-06-30 10:16:50 | Last Updated by AI on 2026-06-27 19:11:06

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indian stock market today live: What happened on Monday (Sep 18) The Indian stock market remained volatile as the benchmark indices swung nearly 2% from peak to trough despite a positive closing in the global markets. Stocks such as Tata Steel, Torrent Pharma, Adani Ent, NTPC Green, HAL, GAIL, and others will be in focus on Monday's trade.

The Sensex closed 0.7% higher at 61,150.04, while the Nifty ended 0.5% higher at 18,212.20. The market breadth was neutral, with 1,894 shares advancing, 1,549 declining, and 416 remaining unchanged.

Tata Steel rose 2.5% after the company signed a memorandum of understanding with the Tamil Nadu government for implementing the phase II of the proposed steel plant at Kattabommanalogue in Tamil Nadu's Cuddalore district. The project is estimated to cost Rs 64,903 crore.

Torrent Pharmaceuticals surged 10% after the company announced that it received four observations from the US health regulator for its Osnabruck manufacturing plant in Germany.

Adani Enterprises jumped 7% after its subsidiary, Adani Airport Holdings, took full control of Chhatrapati Shivaji Maharaj International Airport (CSMIAA) for Rs 17,381 crore.

NTPC Green Energy jumped 12% after the company received a letter of intent (LoI) to set up a renewable energy project capacity of 270 MW (2x 135 MW) at Rann of Kutch in Gujarat.

Hindustan Aeronautics Limited (HAL) rose 4% after the company said it had delivered the first three Made-in-India Rafale fighter jets to the Indian Air Force (IAF) on 29 July 2023, a crucial milestone in the development of the country's defence capabilities.

Gas Authority of India Limited (GAIL) surged 6% after the company signed a memorandum of understanding (MoU) with the Indian Space Research Organization (ISRO) to collaborate in the development of sustainable and environmentally friendly technologies in the Indian hydrocarbon sector.

In news that came after the market closed on Monday, the Reserve Bank of India (RBI) announced a hike in the repo rate by 50 basis points to 5.40%. The reverse repo rate was raised by the same amount to 4.90%. The bank also projected India's GDP growth at 6.7% for FY24.

The central bank's decision is likely to affect the stock market on Tuesday (Sep 19), with investors focusing on the impact of the higher interest rates on inflation and economic growth.

The RBI's decision came on the back of a sharp rise in input prices, with the wholesale price index (WPI) recording a 17.38% rise in August, which was a record high since the inflation data was made available in 1998-99.

The consumer price index (CPI) based retail inflation, which the RBI targets at 4%, rose to an eight-year high of 7.41% in July, narrowing the real interest rate gap.

Overall, despite the market uptick on Monday, investors are likely to be cautious amid concerns about inflation, interest rates, and the upcoming Union Budget.

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