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Firm trade persists on Dalal Street
Dec-19-2025

Indian equity benchmarks continued their firm trade in morning session, on the back of positive trade in Asian equities coupled with sustained buying by domestic institutional investors. Fresh foreign fund inflows also drove the equity markets higher. Foreign Institutional Investors (FIIs) bought equities worth Rs 595.78 crore on Thursday, according to exchange data. Domestic sentiments remained firm as India and Oman signed a free trade agreement, which will provide duty free access to 98 per cent of India's exports including textiles, agri and leather goods in Oman. On the other hand, India will reduce tariffs on Omanese products such as dates, marbles and petrochemical items. The deal is expected to come into force from the first quarter of next calendar year. The pact is coming at a time when India is facing steep 50 per cent tariffs in its largest export destination, the US. On the global front, Asian markets are trading mostly in green as a lower-than-expected US consumer price inflation data for November reinforced expectations of further interest rate cuts by the Federal Reserve.

The BSE Sensex is currently trading at 84936.63, up by 454.82 points or 0.54% after trading in a range of 84734.96 and 85014.83. There were 24 stocks advancing against 6 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.35%, while Small cap index was up by 0.64%.

The top gaining sectoral indices on the BSE were Healthcare up by 1.13%, Industrials up by 0.75%, Telecom up by 0.70%, Realty up by 0.69% and Capital Goods up by 0.68%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Bharat Electronics up by 1.55%, Reliance Industries up by 1.40%, Bajaj Finserv up by 1.25%, Infosys up by 1.19% and Tata Motors Passenger up by 1.14%. On the flip side, HCL Technologies down by 0.81%, Tech Mahindra down by 0.41%, NTPC down by 0.19%, ICICI Bank down by 0.18% and Bharti Airtel down by 0.08% were the top losers.

Meanwhile, the NCAER-Prosus in its report titled 'Impact of Food Delivery Platform on the Indian Economy: GDP, Employment and Taxes' has said that India's food delivery platform sector generated Rs 1.2 lakh crore in gross output in 2023-24 and has been growing faster than the overall economy, making it a strong engine of economic growth. The report highlighted that direct employment in the sector increased from 1.08 million workers in 2021-22 to 1.37 million workers in 2023-24. This formed a 0.2 per cent share of total workers in both 2021-22 and 2023-24. It mentioned employment in the sector rose at a CAGR of 12.3 per cent between 2021-22 and 2023-24, compared to all-India CAGR of 7.9 per cent. 

In terms of multiplier effect, it stated that for production worth Rs 1 million (Rs 10 lakh) in the food delivery platform sector, it generated production worth Rs 2.05 million (Rs 25 lakh) in the entire economy in 2021-22. Similarly, for every Rs 1 million (Rs 10 lakh) of income generated in the food delivery food delivery sector, it generated Rs 2.48 million (Rs 24.8 lakh) in the entire economy in 2023-24.

Further, in terms of the tax multiplier, it said every Rs 1 million worth of production in the food delivery platform sector generated Rs 40,000 in taxes in 2023–24. As for employment, it said for production worth Rs 1 million in the food delivery platform sector, it created 3 jobs across the economy in 2023–24. Moreover, for production worth Rs 1 million in the food delivery platform sector, it generated Rs 0.7 million in the economy through consumption channels.

The CNX Nifty is currently trading at 25949.60, up by 134.05 points or 0.52% after trading in a range of 25880.45 and 25970.40. There were 41 stocks advancing against 8 stocks declining on the index.

The top gainers on Nifty were Max Healthcare Inst up by 2.37%, Bharat Electronics up by 1.64%, Reliance Industries up by 1.42%, Eicher Motors up by 1.25% and Infosys up by 1.19%. On the flip side, Shriram Finance down by 1.06%, HCL Technologies down by 0.84%, Coal India down by 0.38%, Tech Mahindra down by 0.32% and NTPC down by 0.16% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 533.5 points or 1.09% to 49,535.00, Taiwan Weighted added 250.98 points or 0.91% to 27,719.51, Shanghai Composite strengthened 23.58 points or 0.61% to 3,899.95, KOSPI increased 33.95 points or 0.85% to 4,028.46, Hang Seng advanced 186.87 points or 0.73% to 25,685.00 and Straits Times rose 5.93 points or 0.13% to 4,576.54.

On the flip side, Jakarta Composite plunged 49.53 points or 0.58% to 8,568.67.
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