The Indian equity markets closed higher on September 25, with the BSE Sensex advancing 315.20 points or 0.43% to close at 73,895.74, while the NSE Nifty ended higher by 0.34% or 77.40 points at 23,140.50. During the session, the Sensex rallied as much as 0.5% to hit an intraday high of 73,968.05, while the Nifty50 surged as much as 0.43% to reach the session's peak of 23,162.70. This represents a significant improvement from the previous session's flat performance, with the market showing renewed strength amid selective buying interest across sectors.
Whirlpool shares surged 5.87% to close 5.87% higher, following the company's latest clarification that it is not involved in discussions or negotiations with the parent entity looking to sell its stake in the subsidiary firm. According to reports from The Economic Times, the stock's trading volume jumped 4.8 times to 15.10 lakh shares compared with an average volume of 3.13 lakh shares on the National Stock Exchange (NSE). The clarification came in response to a news report about its promoters' plans to sell their entire stake in the company. As per the company's regulatory filing, "The Company clarifies that the said news article relates to its promoter company and not to Whirlpool of India Limited. The intent of Whirlpool Corporation to reduce its shareholding in the Company has been in the public domain since January 30, 2025. However, the Company has not been a party to any negotiations that Whirlpool Corporation may have been having with potential buyers."
Axis Bank emerged as the top gainer, climbing 2.14%, followed by Asian Paints which rose 1.48%. Other notable performers included Mahindra & Mahindra (M&M) at 1.19%, HCL Technologies at 1.13%, and Coal India at 0.71%. On the downside, Max Healthcare Institute fell 3.37%, Tata Motors PV declined 2%, Trent dropped 1.85%, Infosys fell 1.79%, and Oil and Natural Gas Corporation (ONGC) declined 1.42%. The NIFTY Midcap 100 fell 0.14% or 84.15 points to close at 60,906.00, weighed down by Fortis Healthcare (-4.50%), One 97 Communications (-3.54%), PB Fintech (-3.41%), Multi-Commodity Exchange (-3%), and Federal Bank (-2.28%).
Welspun Corp surged 4.91% after its US subsidiary Welspun Tubular LLC secured its largest-ever order for High-Frequency Induction Welded (HFIW) pipes, valued at around $412.5 million (₹4,000 crore). As reported by The Financial Express, the pipes will be manufactured at its upgraded facility in Little Rock, USA, with execution scheduled for FY28 and FY29. With this order, Welspun Corp's global order book has reached a record $4.7 billion (around ₹45,000 crore). Engineers India gained around 5% intraday after the company extended its partnership with Nigeria's Dangote Group to set up a greenfield refinery in Kenya, with the group signing an agreement worth more than $450 million with Engineers India.
Ola Electric Mobility plunged 9.83%, while Meesho declined 6.68% after global brokerage house Nomura initiated coverage with a "Reduce" rating and target price of ₹167, nearly 24% lower than current levels. Netweb Technologies India fell 2.20%, Inventurus Knowledge Solutions declined 2.19%, and Capri Global Capital dropped 2.18%. PB Fintech extended its decline for the second straight session, falling 3.41% amid concerns over potential regulatory changes by IRDAI that could impact the insurance company's earnings. The NIFTY Smallcap 100 index rose 0.15% or 30.50 points to end at 19,715.25, with other top gainers including Whirlpool of India, HBL Engineering (4.54%), Kaynes Technologies (4%), and Castrol India (3.49%).
