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Bourses add losses in early afternoon session
Dec-26-2025

Indian markets added losses in early afternoon session as traders avoided to take risk. As for broader indices, the BSE Mid cap index and Small cap index traded in green. Selling in IT sector stocks forced markets to trade lower. Investors overlooked the Global Trade Research Initiative’s (GTRI) statement that India's goods and services exports are expected to rise by 3% to $850 billion in current financial year (FY26). In FY25, the overall exports touched $825 billion ($438 billion in merchandise and $387 billion in services). Besides, the think tank GTRI has said that Indian exporters in various sectors like agriculture, petroleum, pharma, apparel, electronics and auto have potential not only to scale up shipments to New Zealand but also help the island nation reduce its dependence on China.

On the global front, Asian markets were trading mostly in green with several exchanges in the region closed for the Boxing Day holiday. Meanwhile, core inflation in Japan's capital weakened more-than-expected at the end of the year but it remained firmly above the central bank's 2 percent target. 

The BSE Sensex is currently trading at 85090.80, down by 317.90 points or 0.37% after trading in a range of 85067.65 and 85378.51. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.18%, while Small cap index was up by 0.05%.

The top gaining sectoral indices on the BSE were PSU up by 0.81%, Basic Materials up by 0.59%, Metal up by 0.58%, Utilities up by 0.57% and Power was up by 0.45%, while TECK down by 0.73%, IT down by 0.72%, Auto down by 0.35%, Healthcare down by 0.29% and Telecom was down by 0.22% were the top losing indices on BSE.

The top gainers on the Sensex were Titan Company up by 1.95%, NTPC up by 0.93%, Bharat Electronics up by 0.74%, Ultratech Cement up by 0.72% and Trent up by 0.27%. On the flip side, Sun Pharma down by 1.37%, Bajaj Finance down by 1.16%, TCS down by 1.15%, Tech Mahindra down by 1.02% and Asian Paints down by 1.02% were the top losers.

Meanwhile, amid asset additions and the listing of a new REIT, Crisil Ratings in its latest report has forecasted a rise of 35-40% in the gross asset value (GAV) of domestic real estate investment trusts (REITs) by the end of fiscal 2027 as compared with September 2025. It said standard annual rental escalations and improving occupancy will also support growth, noting that sustained growth in rental income, along with diversification and controlled leverage, will keep credit profiles stable.

This report is based on analysis of five listed REITs, with a total leasable area of 152 million square feet (msf) of commercial and retail space as of September 2025, as well as the new REIT likely to be listed in fiscal 2027. As per the report, asset additions have accompanied strong occupancies. The overall committed occupancy of REITs improved from 88.4% in September 2024 to 91.5% as of September 2025. This is expected to improve further to 92-93% by the end of fiscal 2027, driven by strong demand for office space from global capability centres, the BFSI sector and flexible workspace providers.

The report further stated that the anticipated increase in occupancy will be supported by the denotification of special economic zones for office space, as well as consumption growth driven by recent tax cuts, easing inflation and lower interest rates, which will benefit demand for retail spaces. REITs have maintained healthy profit (Ebitda) margin of about 70% over the past few years and the agency is expecting margin at a similar level this and next fiscal, thereby generating strong cash flows. According to the report, debt of REITs may increase this fiscal and the next, led by funding requirements for asset additions. However, continued equity raising for acquisitions by higher-leveraged REITs, consistent with past trends, will provide an offset.

The CNX Nifty is currently trading at 26058.20, down by 83.90 points or 0.32% after trading in a range of 26048.35 and 26144.20. There were 17 stocks advancing against 32 stocks declining on the index, while 1 stock remained unchanged. 

The top gainers on Nifty were Titan Company up by 2.02%, NTPC up by 0.95%, Bharat Electronics up by 0.81%, Nestle up by 0.74% and Ultratech Cement up by 0.73%. On the flip side, Sun Pharma down by 1.33%, Shriram Finance down by 1.23%, TCS down by 1.09%, Asian Paints down by 1.04% and Tech Mahindra down by 1.03% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 278.21 points or 0.55% to 50,686.00, Taiwan Weighted added 184.04 points or 0.64% to 28,556.02, KOSPI increased 21.06 points or 0.51% to 4,129.68 and Shanghai Composite was up by 4.06 points or 0.1% to 3,963.68. On the flip side, Straits Times was down by 3.97 points or 0.09% to 4,632.37.
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