TLDR
Market Recap: December 09, 2025
On December 09, Indian equities eased for a second session as global risk off and Fed caution weighed, even as mid and small caps outperformed. The Sensex closed at 84,666.28, down 436.41 points (0.51%), and the Nifty 50 at 25,839.65, down 120.90 points (0.47%). Mid and small caps were resilient, with the BSE Midcap and Smallcap indices up roughly 0.5-1 percent. The India VIX slipped 0.06 percent to 11.12, signalling still subdued near-term volatility.
Key Drivers :
Fed watch and global risk mood: Caution ahead of the US Fed decision, and softer European equities dragged large caps and exporters.
FII selling vs domestic support: Foreign flows remained negative, but domestic buying and strong breadth helped mid- and small-cap stocks finish in the green.
Sector rotation: IT, auto, and pharma lagged, while consumer durables, PSU banks, and realty gained, continuing the rotation into rate-sensitive and domestic-demand plays.
Today’s Top Stories:
BlackRock GIP - Aditya Birla Renewables: BlackRock’s infra arm will invest Rs 3,000 crore to scale Aditya Birla’s renewables platform.
Apollo Micro Systems - Telangana capex: Apollo Micro Systems signed an MoU for a Rs 1,500 crore defence manufacturing project in Telangana.
Corona Remedies IPO: Corona Remedies’ Rs 655 crore OFS-only IPO is already 9.33 times subscribed ahead of close.
Vidya Wires listing: Vidya Wires lists tomorrow, with grey market pricing indicating roughly 8 percent listing upside.
Brightcom SEBI settlement: Two former Brightcom officials settled SEBI’s reporting probe with monetary payments and time-bound association bans.
TOP STORIES
1. BlackRock GIP to invest Rs 3,000 crore in Aditya Birla Renewables
Gemini-2.5
Financials: BlackRock-owned Global Infrastructure Partners agreed to invest Rs 3,000 crore in Aditya Birla Renewables to fund capacity expansion.
Strategic view: Capital backs the group’s push to scale solar and wind assets and deepen its energy transition platform.
Market reaction: Deal lifts sentiment around India-focused renewables platforms, though AB Renewables itself remains unlisted.
BlackRock GIP is investing Rs 3,000 crore into Aditya Birla Renewables. Your stance on this infra energy bet?
2. Apollo Micro Systems plans Rs 1,500 crore defence project in Telangana
Gemini-2.5
Financials: Apollo Micro Systems signed an MoU with the Telangana government to invest about Rs 1,500 crore in a new defence manufacturing complex.
Strategic view: Greenfield plant will make warheads, rocket motors, and artillery ammunition, targeting both domestic orders and exports under the defence manufacturing push.
Market reaction: Stock stayed in focus as investors priced in a larger long-term order book and capex-led growth.
Apollo Micro Systems plans a Rs 1,500 crore defence complex in Telangana. How do you see this capex move?
3. Corona Remedies IPO subscribed 9.33 times
Gemini-2.5
Demand: Corona Remedies IPO drew bids for 4.27 crore shares vs 45.7 lakh offered, an overall subscription of 9.33 times by Tuesday evening.
Strategic view: Strong OFS-led demand highlights investor appetite for branded generics and specialty pharma despite busy primary markets.
Market reaction: Primary market interest remained firm in pharma, even as broader sector moves in secondary trading were muted.
Corona Remedies IPO is 9.33 times subscribed. What is your view on this pharma listing?
4. Vidya Wires listing lined up with modest GMP
Gemini-2.5
Financials: Vidya Wires is set to list on 10 December, with grey market data implying about an 8 percent premium over the issue price.
Strategic view: Proceeds will fund capex in subsidiary ALCU and debt reduction, giving investors exposure to copper and aluminium winding wires demand.
Market reaction: GMP points to measured listing gains, signalling selective risk appetite for smaller industrial IPOs.
Vidya Wires lists tomorrow with a modest GMP. How do you see this specialty wires IPO?
5. SEBI settles part of Brightcom financial reporting probe
Gemini-2.5
Case details: SEBI accepted settlement applications from two former Brightcom Group officials over alleged misstatements in financials from FY15 to FY20.
Settlement terms: Each will pay Rs 12.35 lakh, with one barred for one year and the other for two years from associating with Brightcom group entities.
Market reaction: Settlement narrows the overhang around specific individuals, but governance risk around the stock still keeps many investors cautious.
SEBI has settled with two former Brightcom officials in the reporting probe. Your stance on the stock now?
GYAANI HOT TAKES
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