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Indices continue to witness gains in late morning deals
Dec-12-2025

Domestic equity indices continued to witness gains and were trading higher by 0.45 percent in late morning deals on account of buying by funds and retail investors. Meanwhile, broader indices were also trading higher with BSE Small cap index and BSE Mid cap index gaining in the range of 0.50-0.80%. Positive cues from other Asian markets supported domestic sentiments. Traders were getting some encouragement as Union Commerce Minister Piyush Goyal has exuded confidence in overcoming issues to finalise a freed trade agreement with the European Union. Most of sectoral indices on the BSE were trading in green led by Metal, Basic Materials, Industrials, Capital Goods and Realty.

On the global front, Asian markets were trading higher as traders continued to react to the US Fed's widely expected third consecutive interest rate cut and the Fed's less hawkish than expected outlook for interest rates. Back home, in the stock specific development, Indoco Remedies surged after the company received the Establishment Inspection Report (EIR) from the US Food and Drugs Administration (USFDA).

The BSE Sensex is currently trading at 85201.47, up by 383.34 points or 0.45% after trading in a range of 84956.74 and 85282.76. There were 21 stocks advancing against 9 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.79%, while Small cap index up by 0.51%.

The top gaining sectoral indices on the BSE were Metal up by 1.70%, Basic Materials up by 1.30%, Industrials up by 0.97%, Capital Goods up by 0.82% and Realty up by 0.77%, while FMCG down by 0.35% was the only losing index on BSE.

The top gainers on the Sensex were Tata Steel up by 2.43%, Larsen & Toubro up by 1.71%, Ultratech Cement up by 1.52%, Maruti Suzuki up by 1.43% and Bajaj Finance up by 1.27%. On the flip side, Hindustan Unilever down by 1.75%, ITC down by 0.53%, Asian Paints down by 0.53%, Infosys down by 0.47% and Sun Pharma down by 0.38% were the top losers.

Meanwhile, the Niti Aayog said that India’s corporate bond market has the potential to exceed Rs 100 to 120 trillion by 2030, provided some deeper structural reforms and institutional capacity-building are undertaken. It added that the market will evolve into a key pillar of India’s financial system, one that channels domestic and global capital towards productive sectors and underpins the country’s long-term growth trajectory toward Viksit Bharat 2047. It also noted that over the past decade, India’s corporate bond market has expanded significantly, with outstanding issuances rising from Rs 17.5 trillion in FY2015 to Rs 53.6 trillion in FY2025, recording an annual growth rate of nearly 12%.

Meanwhile, it pointed that India has not yet fully tapped its vast potential as compared to global peers. It added that the country’s bond market currently accounts for around 15% to 16% of GDP, a considerable improvement, but still well below the levels seen in countries like South Korea, Malaysia, or China. It highlighted that strengthening the corporate bond market demands continued reform in market infrastructure, risk management tools, investor diversification, and credit enhancement mechanisms. Further, deepening these reforms will catalyse private sector investment and also align financial development with the nation’s strategic goals of inclusive, sustainable, and technology-driven growth.

Niti Aayog noted that recommendations presented in the report are not merely incremental improvements but part of a comprehensive strategy to make India’s corporate bond market globally competitive, resilient, and inclusive. If implemented in a phased and coordinated manner, Niti Ayog noted that these reforms will address short-term frictions and build the institutional depth required for sustainable long-term development.

The CNX Nifty is currently trading at 26015.65, up by 117.10 points or 0.45% after trading in a range of 25938.45 and 26038.40. There were 32 stocks advancing against 18 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 2.37%, Hindalco up by 1.97%, Larsen & Toubro up by 1.73%, Ultratech Cement up by 1.53% and Maruti Suzuki up by 1.50%. On the flip side, Hindustan Unilever down by 1.86%, Asian Paints down by 0.54%, ITC down by 0.53%, Infosys down by 0.50% and ONGC down by 0.44% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 703.18 points or 1.4% to 50,852.00, Taiwan Weighted added 139.7 points or 0.5% to 28,164.45, Jakarta Composite gained 38.64 points or 0.45% to 8,659.12, Shanghai Composite strengthened 12.04 points or 0.31% to 3,885.36, KOSPI increased 46.21 points or 1.11% to 4,156.83, Hang Seng advanced 435.49 points or 1.71% to 25,966.00 and Straits Times rose 58.02 points or 1.28% to 4,578.85.
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