NIFTY50 below 25,900, SENSEX drops 145 pts in noon session; Ola Electric, BEL, IndiGo among buzzing stocks

The Indian benchmark indices continued to trade lower during the afternoon session on Tuesday, December 30, as weak global cues and continued foreign fund outflows weighed on investor sentiment.

The NIFTY50 slumped to an intra-day low of 25,878, while the SENSEX dropped as much 0.27% as to reach the session’s low of 84,470.94.

At 12:35 PM, the S&P BSE SENSEX declined by 145.54 points, or 0.17%, to 84,550. Meanwhile, NSE’s NIFTY50 was trading at 25,892, marking a 49.60 points, or 0.19% fall.

On Monday, the foreign institutional investors (FIIs) sold shares worth ₹2,759.89 crore, while the domestic institutional investors (DIIs) bought equities worth ₹2,643.85 crore on a net basis, according to exchange data.

The NIFTY50 index was weighed down by selling in the shares of Max Healthcare Institute, which lost 2.45%. Eternal (-2.30%), InterGlobe Aviation (-1.72%), Apollo Hospitals Enterprise (-1.32%) and Bajaj Finserv (-1.31%) were among the top losers following Max Healthcare.

Conversely, the top gainers pack included Shriram Finance (1.93%), Hindalco Industries (1.79%), Mahindra & Mahindra (1.32%), Bajaj Auto (1.16%) and Axis Bank (0.93%).

Buzzing stocks on December 30: Check list

Shares of Bharat Electronics Ltd (BEL) slipped into negative territory before hitting an intraday high in early trade on Tuesday, after the Navranta public sector undertaking (PSU) bagged additional orders worth ₹569 crore.

In a regulatory filing dated December 29, the defence firm stated that it received major orders for radars, tank overhaul, communication equipment, fire control systems, simulators, antenna stabilization systems, security software, components, upgrades, spares, services and more.

The stock is also on investors' watchlist as the Defence Acquisition Council (DAC), in a meeting chaired by Defence Minister Rajnath Singh, on Monday cleared capital acquisition proposals worth about ₹79,000 crore to boost the operational capabilities of the armed forces.

Stock of Hindustan Copper advanced for an eighth straight session, amid surging prices of copper in the international and domestic markets. The company's shares have surged as much as 7.5% to reach an intraday high of ₹524 on Tuesday. The stock touched its record high of ₹545.95 in the previous session.

Meanwhile, copper futures for delivery on December 31 advanced as much as 3.99% to ₹1,249.70 per kilogram on the MCX.

So far this year, copper prices have rallied by more than 50% and are poised for their biggest annual gain since 2009, supported by rising demand from technology and energy transition sectors and tariff-related uncertainties.

Shares of Waaree Energies slumped as much as 1.82% to an intraday low of ₹2,926.10 apiece on the National Stock Exchange (NSE), after its CEO, Amit Paithankar, put in his papers to “pursue opportunities outside the organisation”.

In a regulatory filing on Monday, the company said its board has accepted his resignation and approved the appointment of Jignesh Rathod as the next CEO.

The firm’s board accepted the resignation and agreed to relieve him with effect from May 15, 2026, or such earlier date as may be mutually agreed.

It further approved the appointment of Rathod as Chief Executive Officer and Key Managerial Personnel with effect from May 16, 2026, or such earlier date as may be notified, consequent upon earlier relieving of Paithankar as WTD & CEO, the filing stated.

The stock of IndiGo operator InterGlobe Aviation declined as much as 1.85% to the session’s low of ₹4,992 per equity share, amid reports that the airline has hiked allowances for pilots by up to ₹2,000 with effect from January 1, weeks after the country’s largest airline faced severe flight disruptions due to pilot rostering challenges.

According to a PTI report, people with knowledge on the matter have said the hikes, ranging from as little as ₹25 to ₹2,000, will be for various allowance categories, including domestic layover, deadhead and night. Also, pilots will be eligible for tail-swap allowance.

They also said that the tail-swap allowance was not provided earlier, and the hikes will be effective from January 1. Generally, a tail swap refers to replacing a scheduled aircraft with a different aircraft.

Orient Technologies shares rallied as much as 14.84% to hit the day’s high of ₹380 per unit as the IT infrastructure provider’s shareholders have approved a bonus issue of equity shares in the ratio of 1:10.

The bonus issue will be implemented through the capitalisation of ₹4.16 crore from the Securities Premium Account, in line with applicable provisions of the Companies Act, 2013, and SEBI regulations, the company informed in a regulatory filing.

The stock of Honasa Consumer, the parent of beauty and baby care products maker Mamaearth, gained as much as 8.08% to an intraday high of ₹299.40 per unit, after its founder-promoter Varun Alagh acquired an additional stake worth ₹49.99 crore in the company.

The firm stated that the promoter bought 18.52 lakh (or 18,51,851) equity shares through block deal mechanisms at a price of ₹270 apiece, Honasa Consumer said in a regulatory filing on Monday.

Following the transaction, Varun Alagh’s shareholding increased to 10,55,82,701 equity shares, which constitutes 32.45% of the total share capital of the firm.

Furthermore, the aggregate promoter and promoter group holding advanced to 11.56 crore (or 11,56,48,401) equity shares, constituting 33.54% of the total share capital of Honasa Consumer, it stated.

Ola Electric Mobility stock advanced as much as 2.17% to the session’s peak of ₹36.20 per equity share, as its flagship electric motorcycle, the Roadster X+, powered by its indigenously developed 4680 Bharat Cell battery pack, received government certification and will start deliveries of the model.

The Roadster X+ (9.1 kWh) has been approved under the Central Motor Vehicle Rules (CMVR), 1989, by the International Centre for Automotive Technology (iCAT), Manesar, a government testing agency, the company said in a statement on December 30.

"With this certification, Ola Electric will now begin deliveries of the Roadster X+ (9.1kWh), marking a significant milestone as it becomes the first electric motorcycle in India to be certified with a completely in-house developed 4680 Bharat Cell battery pack," it added.

Shares of healthcare company Gujarat Kidney and Super Speciality made a tepid debut on the stock exchanges.

The stock listed at ₹120 apiece on the National Stock Exchange (NSE), reflecting a premium of 5.26% over the issue price of ₹114. On the BSE, the scrip started trading at ₹120.75, up 5.92% from the issue price.