The Indian stock market ended its three-day decline on Thursday, December 11, achieving notable gains following the US Federal Reserve’s decision to lower interest rates by 25 basis points and signaling the possibility of another cut next year. The Sensex increased by 427 points, reaching 84,818.13, reflecting a rise of 0.51%. Meanwhile, the Nifty 50 saw an uptick of 141 points, settling at 25,898.55, which corresponds to a gain of 0.55%. Investor wealth experienced a remarkable increase of nearly Rs 2.6 lakh crore in just one session, bringing the total market capitalisation of BSE-listed companies to Rs 466.6 lakh crore, up from Rs 464 lakh crore in the prior session.
Reflecting on the recovery, Vinod Nair remarked, “Domestic markets rebounded broadly following the Fed’s expected 25-bps rate cut amid high U.S. inflation.” The decrease in U.S. 10-year yields suggests a potential easing in future FII outflows, which has strengthened sentiment. He noted that auto stocks gained from expectations of heightened demand, while IT experienced momentum on optimism regarding increased spending, despite broader Asian markets encountering pressure from concerns over AI-related valuations and rising Japanese yields.
Equities to Monitor :
- Tata Power has obtained a letter of intent from REC Ltd regarding the acquisition of Jejuri Hinjewadi Power Transmission, a project special purpose vehicle (SPV). The company announced that Jejuri Hinjewadi Power Transmission Limited will be established on a Build-Own-Operate-Transfer model to deliver transmission services for a duration of 35 years. The initiative encompasses the development of around 115 kilometers of 400 kV double-circuit line connecting Jejuri and Hinjewadi, in addition to the expansion of 400 kV GIS line bays at substations situated in both areas.
- Infosys has finalized its share buyback program and declared the cancellation of 10 crore equity shares through the tender offer. Furthermore, Shreyas Shibulal, the son of Infosys co-founder S.D. Shibulal, divested 19.92 lakh shares (0.05% stake) in Infosys on December 10–11 for Rs 317 crore, which brought his shareholding down to 0.44%. Bhairavi Madhusudhan Shibulal, daughter-in-law of Infosys co-founder S.D. Shibulal, divested 5.42 lakh shares (0.01% stake) for Rs 86.21 crore on December 10, decreasing her shareholding to 0.12%.
- Adani Power is investigating the potential for developing thermal and hydro power projects in South Asian nations, building on its recent foray into nuclear and international hydropower initiatives. The company has recently entered into a memorandum of understanding to add 500 MW of hydropower capacity in Bhutan, collaborating in a 50:50 joint venture with Druk Green Power (DGPC) of the Bhutan government.
- Piramal Pharma announced that the US Food and Drug Administration (US FDA) has issued a Form 483 containing four observations after a routine Good Manufacturing Practices (GMP) inspection at its Lexington, Kentucky facility. The company stated in a regulatory filing that the inspection took place from December 3 to December 10, 2025. Piramal Pharma indicated that the observations pertain to procedural enhancements and are anticipated to be categorized as VAI (Voluntary Action Indicated), a classification that does not necessitate mandatory regulatory action.
- Firstsource Solutions has finalized the acquisition of Pastdue Credit Solutions Limited (PDC), a debt collections agency based in the UK, via its wholly owned subsidiary Firstsource Solutions UK Ltd (FSL UK). The agreement was concluded on December 11, 2025, following the acquisition of all required regulatory approvals, as communicated to the stock exchanges by the company. The acquisition is a result of the share purchase agreement executed on July 18, 2025, wherein Firstsource committed to acquiring 100% of PDC, a company that focuses on white-label, early-arrears, and debt recovery services.
- Honasa Consumer has successfully acquired the men’s personal care brand Reginald Men, along with its parent company BTM Ventures, at an enterprise valuation of Rs 195 crore. The Gazal and Varun Alagh-led FMCG company, known for its brands including Mamaearth, Derma Co, Aqualogica, Bblunt, Dr Sheth’s, and Stazeis, is making a strategic move into the men’s care segment with this acquisition.
- Kansai Nerolac Paints – The Board has sanctioned the divestiture of the company’s complete 60% interest in Kansai Paints Lanka, its subsidiary located in Sri Lanka, to Atire, a local entity in Sri Lanka. The company is set to execute an agreement for the sale of its stake.
- Rama Steel Tubes has sanctioned the joint acquisition of Automech Group Holding, a UAE-based engineering and industrial services conglomerate, for AED 296 million (approximately Rs 728 crore). The company’s board approved the decision during a meeting on December 11, 2025.
- Vedanta, the mining conglomerate owned by Anil Agarwal, has emerged as the successful bidder for the Genjana block, which includes nickel, chromium, and PGE, as part of the Critical Mineral Auctions Tranche III. The company obtained the confirmation letter on December 10, 2025, following the completion of all necessary statutory compliances.
- Astra Microwave Products has disclosed that it has obtained an order valued at Rs 171.38 crore from the India Meteorological Department (IMD). This order encompasses the provision of six Klystron-based S-band polarimetric Doppler weather radars, in addition to related systems and long-term maintenance support.