NIFTY50, SENSEX trade flat in midday session; Vedanta, Union Bank, Belrise, Hindustan Copper among buzzing stocks

After opening lower, the equity benchmark indices SENSEX and NIFTY50 were trading almost flat in the afternoon on Wednesday, July 9, as market participants remained cautious after US President Donald Trump ruled out extending his August levy deadline, signalling a renewed push on trade protectionism.

On the other hand, Tata Steel (-2.22%), Hindalco Industries (-2.06%), HCL Technologies (-1.74%), Wipro (-1.24%), and HDFC Life Insurance (-1.05%) were the biggest losers on the 50-share index.

Shares of metal companies such as Hindustan Copper, Hindalco, Vedanta, Tata Steel, and SAIL, among others, were trading in the red on Wednesday as investor sentiment took a hit after US President Donald Trump announced the imposition of 50% tariffs on copper imports to the US from other countries.

The move is aimed at boosting US production of a metal critical to electric vehicles (EVs), military hardware, the power grid, and many consumer goods.

Last seen, the NIFTY METAL index was trading at 9,351.45 levels, down 1.74%. Out of 15 constituents, 14 were trading in the red and just one in the green.

The top losers on the index were Hindustan Copper (down 4%), SAIL (down 1.73%), Tata Steel (down 1.70%), and Jindal Stainless (down 1.46%).

Vedanta shares tumbled nearly 8% to an intraday low of ₹420.65 apiece on Wednesday after short seller Viceroy Research issued a report on its parent firm, Vedanta Resources, saying it "resembles a Ponzi scheme."

At the time of writing the article, shares of the Anil Agarwal-owned mining conglomerate were trading down 4.21% at ₹437.10 apiece on the NSE.

Union Bank of India shares tumbled nearly 6% to an intraday low of ₹141.54 per share after the state-owned lender shared its business updates for the April-June quarter for the financial year 2025-26. The bank has seen the weakest loan growth in four quarters.

The PSU bank’s total global business stood at ₹22.14 lakh crore, rising 5.01% from ₹22.08 lakh crore in Q1 FY24. Sequentially, it has seen a decline of 1.80%.

On the deposit front, Union Bank’s total global deposits increased 3.63% year-on-year (YoY) to ₹12.39 lakh crore for Q1 FY26. Quarter-on-quarter it has, however, dipped 2.54%.

Last seen, shares of the lender were trading at ₹144.06 apiece on the National Stock Exchange, sliding 4.12%.

Shares of newly listed auto component maker Belrise Industries hit a 52-week high of ₹116.50 apiece on Wednesday after a global brokerage firm shared a positive outlook for the firm.

Moreover, Jefferies expects 12% EBITDA and 18% EPS CAGR for Belrise Industries over FY25-28E, along with deleveraging.

At the time of writing the article, Belrise Industries shares were trading at ₹115.38 apiece on NSE, surging 2.65%.

Shares of Tata Technologies rallied 1.2% to an intraday high of ₹708.5 on Wednesday after the company said it has partnered with Emerson for integrated testing and validation solutions for global OEMs in the automotive, aerospace, and commercial vehicle sectors.

Last seen, the stock was trading at ₹704.8 apiece, gaining 0.69% on NSE.

The partnership with Emerson, an industrial technology leader of advanced automation solutions, aims to empower manufacturers to tackle the complexities of next-generation mobility, Tata Technologies said in a statement.

It will combine Tata Technologies' expertise in engineering and mobility platform development, among others, with Emerson's industry-leading, software-connected test and measurement solutions, it added.

Shares of Synergy Green Industries rallied over 11% to an intraday high of ₹577.70 apiece on Wednesday, July 9, after the company won an order from Adani Wind.

The wind energy division of Adani New Industries awarded Synergy Green Industries a development order for 3.3 MW turbine parts on Tuesday.

The development phase is expected to be completed in Q3 of FY26, with serial production scheduled in Q4 of FY26. Synergy Green is already engaged in the serial supply of bearing housing castings for Adani’s 5 MW turbine platform.

At the time of writing the article, shares of Synergy Green were trading 5.27% higher on the NSE at ₹547.70 apiece.