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Sensex, Nifty trade under pressure amid geopolitical tensions
Dec-30-2025

Indian equity benchmarks made flat-to-negative start on Tuesday ahead of monthly F&O expiry as well as weakness in Asian counterparts. Geopolitical tensions and the rise in oil prices also weighed on sentiments. Sensex and Nifty were trading lower in early deals amid persistent selling by foreign institutional investors, who offloaded equities worth Rs 2,759.89 crore in Monday’s session. Some cautiousness came as the government said that it plans to borrow Rs 3.84 lakh crore from short-term treasury bills spread over 12 weeks during the fourth quarter of the current financial year to meet short-term funding requirements. However, downside remained capped as India’s industrial output growth, measured in terms of the Index of Industrial Production (IIP), jumped to two-year high of 6.7 per cent in November 2025 from 0.5 per cent in October 2025 and 5.0 per cent in November 2024, with robust growth in mining and manufacturing.

On the global front, Asian markets were trading mostly lower, weighed down by overnight weak close on Wall Street amid concerns surrounding valuations of AI related stocks, and geopolitical tensions following China's military exercises around Taiwan, and Ukraine's drone strikes near Russian President Vladimir Putin's residence. Back home, aviation industry stocks were in focus as ratings agency ICRA said the domestic aviation industry is estimated to post around Rs 17,000-18,000 crore net loss in the current fiscal year on account of a likely lower passenger traffic, among other factors.

The BSE Sensex is currently trading at 84578.97, down by 116.57 points or 0.14% after trading in a range of 84470.94 and 84698.93. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.38%, while Small cap index was down by 0.33%.

The top gaining sectoral indices on the BSE were Auto up by 0.41%, Metal up by 0.15%, Oil & Gas up by 0.10% and Energy up by 0.08%, while Capital Goods down by 0.54%, Realty down by 0.50%, Industrials down by 0.43%, Healthcare down by 0.42% and IT down by 0.42% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 0.79%, Bharti Airtel up by 0.64%, Adani Ports & SEZ up by 0.41%, Reliance Industries up by 0.33% and Axis Bank up by 0.22%. On the flip side, Eternal down by 1.38%, Interglobe Aviation down by 1.21%, Bajaj Finserv down by 0.76%, Kotak Mahindra Bank down by 0.55% and HCL Technologies down by 0.44% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that 100 per cent Australian product categories will be duty-free for Indian exports from January 1, 2026, unlocking fresh opportunities for labour-intensive sectors, under the Economic Cooperation and Trade Agreement (ECTA) between the both countries. The Minister was commenting on the third anniversary of the deal, which came into effect on December 29, 2022.

He noted ‘Over the past three years, the Agreement has delivered sustained export growth, deeper market access, and stronger supply-chain resilience, benefiting Indian exporters, MSMEs, farmers, and workers alike.’ He also said India's exports to Australia rose 8 per cent in 2024-25 with major gains witnessed across chemicals, textiles, plastics, pharma, petroleum products, and gems and jewellery sectors.

The India-Australia Economic Cooperation and Trade Agreement (ECTA) was signed on April 2, 2022, ratified on November 21, written notifications were exchanged on November 29 and after 30 days, the Agreement has come into force i.e. on December 29, 2022. Together, India and Australia are building a future of shared prosperity and trusted trade.

The CNX Nifty is currently trading at 25908.25, down by 33.85 points or 0.13% after trading in a range of 25878.00 and 25956.15. There were 15 stocks advancing against 35 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 0.89%, Mahindra & Mahindra up by 0.86%, Bajaj Auto up by 0.78%, Tata Motors Passenger Vehicles up by 0.63% and Hindalco up by 0.61%. On the flip side, Eternal down by 1.34%, Interglobe Aviation down by 1.33%, Max Healthcare Inst down by 0.92%, Apollo Hospital down by 0.82% and Bajaj Finserv down by 0.80% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 88.92 points or 0.18% to 50,438.00, Taiwan Weighted lost 44.14 points or 0.15% to 28,766.75, Jakarta Composite declined 30.22 points or 0.35% to 8,614.04, Shanghai Composite weakened 4.07 points or 0.1% to 3,961.21 and KOSPI was down by 0.66 points or 0.02% to 4,219.90. On the other hand, Hang Seng rose 89.77 points or 0.35% to 25,725.00 and Straits Times was up by 28.35 points or 0.61% to 4,661.99.
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