SENSEX rises 420 pts, NIFTY50 above 25,800 in noon session; TCS, IndiGo, Tata Steel among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, recovered from its day's low in the afternoon session, bolstered by gains in IT and PSU bank stocks and positive global cues, as the US Federal Reserve opted for a 25-basis-point rate cut for the third consecutive time in 2025. Further, investors were also hopeful amid the ongoing US-India trade talks.

The SENSEX soared as much as 0.80% to an intra-day high of 84,825.79. Meanwhile, the NIFTY50 touched the session’s high of 25,896.15.

At 12:24 PM, the S&P BSE SENSEX soared by 420.39 points, or 0.51%, to 84,820.58. NSE’s NIFTY50 stood at 25,888.05, reflecting a 130.05 points, or 0.50% jump.

The top gainers of the NIFTY50 index included Kotak Mahindra Bank (3.34%), Eternal (2.19%), Jio Financial Services (1.74%), Dr. Reddy's Laboratories (1.51%) and Maruti Suzuki India (1.52%).

On the flipside, Bharti Airtel (-1.19%), Asian Paints (-0.55%), Titan Company (-0.47%), HDFC Life Insurance Company (-0.38%) and Bajaj Finserv (-0.24%) were among the top losers.

Buzzing stocks on December 11: Check list

Shares of Indian IT companies such as Wipro (up 0.78%), Persistent Systems (2.08%), Infosys (1.42%), among others, were in focus on the National Stock Exchange (NSE) on December 11.

The NIFTY IT index surged as much as 0.92% to an intra-day high of 38,136.45.

This comes as the Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row on Wednesday, but signalled that it may leave rates unchanged in the coming months.

Chair Jerome Powell signalled at a news conference that the Fed would likely hold off on further rate cuts in the coming months while it evaluated the health of the economy. And in a set of quarterly economic projections, Fed officials signalled that they expect to lower rates just once next year.

Shares of IndiGo parent InterGlobe Aviation declined as much as 3.34% to an intra-day low of ₹4,645 apiece on the NSE, as CEO Pieter Elbers has been summoned by the Directorate General of Civil Aviation (DGCA) to submit a comprehensive report, including data and updates, on the recent operational disruptions.

The crisis-hit airline had cancelled 60 flights from Bengaluru Airport on Thursday, as safety watchdog DGCA tightened its scrutiny following large-scale disruptions in services on account of planning failures related to the implementation of new pilot and crew duty norms

Stock of Tata Steel rose as much as 1.66% to hit an intraday high of ₹164.92 per equity share, after its board approved the acquisition of 50.01% stake in Odisha-based Thriveni Pellets Pvt Ltd (TPPL) for up to ₹636 crore.

The acquisition is set to bolster Tata Steel's supply chain, especially in the crucial sector of raw materials.

TPPL owns a 100% stake in Brahmani River Pellet Ltd (BRPL), which operates a 4 million tonne per annum pellet plant in Jajpur, Odisha, along with a 212 km slurry pipeline.

Shares of Hindustan Construction Company (HCC) surged as much as 4.99% to the session’s peak of ₹19.13 apiece.

This comes after the company, following the debt restructuring of HCC with its lender in September 2022, transferred ₹2,854 crore of debt and ₹6,508 crore of awares and claims to Prolific Resolution Private Limited (RRPL), while retaining a 49% equity stake.

Additionally, HCC also provided a corporate guarantee for 100% of PRPL's debt, it said in a regulatory filing.

The company said that it has informed PRPL that its corporate guarantee obligation provided in respect of debt transferred to PRPL has been reduced from 100% of the outstanding amount to ₹571 crore, representing 20% of the principal amount transferred.

Stock of DCM Shriram gained 8.89% to an intraday high of ₹1,314 apiece on Thursday, as the firm signed a Memorandum of Understanding (MoU) with Bayer Cropscience to jointly explore opportunities to strengthen the agriculture ecosystem.

The MoU establishes a strategic framework for collaboration across areas such as agri-inputs, digital advisory, sustainable farming practices, and value-chain strengthening.

Shares of Tata Consultancy Services (TCS) were trading lower, as the IT services firm acquired US-headquartered Coastal Cloud for $700 million.

Shares of TCS rose 0.6% to an intraday high of ₹3,208.4 apiece during early trading hours, before falling to a low of ₹3,153.10.

The deal will make TCS among the top five Salesforce advisory and consulting firms globally.

TCS, in a regulatory filing, said Coastal Cloud brings AI-led advisory and business consulting capabilities to help customers reimagine sales, service, marketing, revenue, CPQ, commerce, and Salesforce data cloud. As a Salesforce Summit Partner, Coastal Cloud excels in building deep customer relationships and partnerships.

Cipla stock advanced 1.15% to hit an intra-day high of ₹1,508 per equity share, after it launched Yurpeak (tirzepatide), a prescription medicine used for the treatment of obesity and type 2 diabetes mellitus, in India.

Cipla has the rights to distribute and promote Yurpea, the second brand of Lilly’s tirzepatide in India, after the latter received DCGI approval, it said in a regulatory filing dated December 10.

Yurpea, a one-weekly injectable therapy, will be available on prescription in the KwikPen device format in six strengths, the drugmaker said.

Shares of Prestige Estate Projects increased by as much as 2.73% to the session’s high of ₹1,662.60 apiece on the NSE.

This comes after Prestige Falcon Realty Private Limited, a wholly owned subsidiary, and Prestige Projects Private Limited, a subsidiary of the company, have acquired a partnership interest in Bharatnagar Buildcon LLP. With this acquisition, the company now indirectly holds a 66.93% partnership interest in Bharatnagar Buildcon LLP.