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EQUITY
Post Session: Quick Review
Dec-26-2025

Indian equity benchmarks ended Friday’s session in negative territory, weighed down by losses in auto and IT stocks. Markets opened on a weak note and remained under pressure throughout the day amid persistent foreign fund outflows. In the final hour, indices extended their losses and closed firmly in the red.

Some of the important factors in trade:

Foreign fund outflows: Investors were worried amid Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,721.26 crore on Wednesday, according to exchange data.

US shift to pay-based H-1B visa selection system raises legal, economic concerns: Traders remained cautious as Indian IT industry body Nasscom stated that the US move to replace the H-1B visa lottery with a 'wage-weighted' selection mechanism is a significant departure from a long-standing neutral system, and raises important legal, economic, and operational concerns.

India’s exports likely to grow by 3% to $850 billion this fiscal: Traders overlooked that think tank GTRI said India's goods and services exports are likely to grow by 3 per cent to $850 billion in 2025-26. In 2024-25, the overall exports touched $825 billion ($438 billion in merchandise and $387 billion in services).

Global front: European markets were closed on Thursday for the Boxing Day holiday. Asian markets ended mostly in green, after the People's Bank of China strengthened its daily reference rate to the strongest level since September 2024.

The BSE Sensex ended at 85041.45, down by 367.25 points or 0.43% after trading in a range of 84937.82 and 85378.51. There were 6 stocks advancing against 24 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.18%, while Small cap index down by 0.34%. (Provisional)

The few gaining sectoral indices on the BSE were Metal up by 0.47%, PSU up by 0.40%, and Basic Materials up by 0.33%, while IT down by 0.89%, TECK down by 0.88%, Telecom down by 0.59%, Auto down by 0.54% and Capital Goods down by 0.54% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Titan Company up by 2.19%, NTPC up by 0.59%, Hindustan Unilever up by 0.22%, Axis Bank up by 0.18% and Ultratech Cement up by 0.14%. On the flip side, Bajaj Finance down by 1.52%, Asian Paints down by 1.42%, HCL Technologies down by 1.36%, TCS down by 1.28% and Eternal down by 1.16% were the top losers. (Provisional)

Meanwhile, given the bilateral free trade agreement (FTA) between India-New Zealand, 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. It noted that New Zealand imported goods worth over $10 billion from China in 2024-25 as against $711 million from India. During the same period New Zealand total imports stood at $50 billion.  

GTRI highlighted that the sectors like processed foods and agri-linked products, petroleum products and industrial chemicals, pharmaceuticals and healthcare, plastics, rubber and consumer goods, textiles and apparel, electronics and electrical equipment, automobiles and transport equipment, aerospace and high-value manufacturing, furniture and lighting, possess potential to increase penetration in the island nation.

Moreover, highlighting opportunity for Indian exporters in bakery products segment, it noted that India is a significant global exporter of bakery products, exporting $602 million worth of goods worldwide and New Zealand imports around $250 million of these goods annually, yet India supplies only $6.5 million compared to $21 million from China. Further, same pattern has been seen in food preparations, where India exports $817 million goods globally, New Zealand imports $455 million, and India's share in New Zealand imports is just $7.7 million. Similar trend visible in refined petroleum products, pharmaceutical products, apparels and auto parts. GTRI noted that pairing the FTA with targeted export promotion, standards cooperation, regulatory facilitation and logistics support, remained challenge for India.

The CNX Nifty ended at 26042.30, down by 99.80 points or 0.38% after trading in a range of 26008.60 and 26144.20. There were 15 stocks advancing against 35 stocks declining on the index. (Provisional)

The top gainers on Nifty were Titan Company up by 2.12%, Nestle up by 1.02%, Hindalco up by 0.98%, Cipla up by 0.65% and NTPC up by 0.48%. On the flip side, Asian Paints down by 1.40%, Shriram Finance down by 1.38%, TCS down by 1.18%, Tech Mahindra down by 1.18% and Bajaj Finance down by 1.16% were the top losers. (Provisional)

Asian markets settled mostly higher in thin holiday trade on Friday tracking gains on Wall Street as Dow and S&P 500 finished Wednesday at record highs. Investors were also waiting for President Donald Trump to nominate a Fed chair to replace Jerome Powell, whose term ends in May. Japanese shares gained after Japanese PM Sanae Takaichi's cabinet approved a record $785 billion budget for the next fiscal year, aiming to strike a balance between her proactive fiscal policy and debt blowout concerns by limiting new bond issuance. Chinese shares marginally rose, supported by a firmer yuan after the currency strengthened beyond the psychological milestone of 7 per dollar in offshore trading for the first time since September 2024 on bets China's central bank would allow gradual appreciation of the currency to boost market confidence.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,963.68

4.06

0.10

Hang Seng

--

--

--

Jakarta Composite

--

--

--

KLSE Composite

1,677.10

-1.21

-0.07

Nikkei 225

50,750.39

342.60

0.68

Straits Times

4,636.15

-0.19

--

KOSPI Composite

4,129.68

21.06

0.51

Taiwan Weighted

28,556.02

184.04

0.65
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