After opening the day on a positive note, the Indian benchmark remained positive as the session progressed and ended the day higher.

Indian equities closed higher on Friday, with the Nifty 50 marking its eighth straight session of gains, as softer U.S. labour market data eased concerns from stronger-than-expected inflation, boosting hopes that the Federal Reserve may start cutting interest rates.

At the closing bell, the BSE Sensex closed higher by 356 points (up 0.4%).

Meanwhile, the NSE Nifty closed 108 points higher (up 0.4%).

BEL, Hindalco, and Shriram Finance are among the top gainers today.

HUL, Wipro and Bajaj Auto, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,219, up by 108 points at the time of writing.

The BSE MidCap index ended marginally higher, and the BSE SmallCap index ended 0.3% higher.

Sectoral indices were trading mixed, with stocks in the metal sector and the telecom sector witnessing buying. Meanwhile, the stocks in the oil and gas sector and the FMCG sector are witnessing selling pressure.

The rupee is trading at 88.27= against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 109,375 per 10 grams.

Meanwhile, silver prices were trading 1.6% higher at Rs 129,00 per 1 kg.
 

Why Hindustan Copper Share Price is Rising

In news from the mining sector, Hindustan Copper is set to nearly triple its capacity to 12.2 MT by FY31 from 3.47 MT in FY25. The company plans a capital expenditure of around Rs 2,000 crore over the next 5-6 years and will continue to invest in exploring new copper ore reserves, according to an investor presentation shared recently.

Hindustan Copper's shares surged over 10 percent on September 12, with combined trading volumes 12 times the one-month average, driven by the ambitious expansion plan and detailed capex roadmap.

The company reiterated its strategy to acquire new copper deposits in India and abroad, including collaboration with Chilean miner CODELCO for capacity enhancement and knowledge sharing. Hindustan Copper also has MoUs with PSUs such as RITES, IOC, Coal India, and GAIL to broaden its mining portfolio.

Expansion is underway across several projects, including the Malanjkhand Copper Project (MCP), Khetri Copper Complex (KCC), Indian Copper Complex (ICC), Kendadih, and Rakha mines.
 

Why HFCL Share Price Rose 4% today

Moving on to news from the oil and gas sector, HFCL Ltd shares surged over 4% on September 12 following the Andhra Pradesh government's allocation of 1,000 acres for defence manufacturing facilities.

In Phase I, the Andhra Pradesh Industrial Infrastructure Corporation Limited (APIICL) will allot 329 acres, while Phase II will see an additional 671 acres allocated.

The planned facilities are set to manufacture defence products, including artillery ammunition shells, TNT filling, and Multi-Mode Hand Grenades (MMHG), among others.
 

Why Defence Stocks are Rising

In news from the defence sector, shares of companies like Apollo Micro Systems and GRSE jumped up to 8% in Friday's intra-day trade on the National Stock Exchange, driven by heavy volumes and optimism around government spending, new orders, and long-term indigenisation plans.

Analysts note that the sector remains one of the more structural growth plays in the Indian market despite short-term volatility.

Separately, Mazagon Dock Shipbuilders revealed in an exchange filing earlier this week that it has begun negotiations for the P-75I submarine orders, which analysts have identified as a key stock trigger.

Looking ahead, the government has targeted the defence budget at Rs 6.81 tn for FY25-26 to further bolster the country's military strength, with 27% allocated for capital expenditure. Defence production is expected to rise from Rs 1.46 tn in FY24-25 to Rs 3 tn by 2029.
 

Why did JSW Energy Jump 3% Today?

Moving on, JSW Energy shares rose up to 3% on Friday, September 12, 2025, following the company's announcement of commissioning 317 MW of renewable energy capacity. This includes 240 MW of hydro, 34 MW of solar, and 43 MW of wind, taking the total installed capacity to 13,097 MW.

With this addition, the share of renewables in JSW Energy's overall capacity has increased to 57%, comprising 3,617 MW of wind, 2,192 MW of solar, and 1,631 MW of hydro power.

The company's total locked-in generation capacity stands at 30.3 GW, including 13.1 GW operational, 12.7 GW under construction across thermal and renewable projects, and a pipeline of 4.6 GW.

JSW Energy also has 29.4 GWh of locked-in energy storage capacity, with 26.4 GWh from hydro pumped storage projects and 3.0 GWh from battery energy storage systems.

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