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Key gauges end flat amid volatility
Dec-30-2025

Indian equity benchmarks ended on a flat note in the volatile session on Tuesday amid thin year-end trading as persistent foreign fund outflows weighed on investors' sentiment. Foreign institutional investors offloaded equities worth Rs 2,759.89 crore on Monday, according to exchange data. However, stronger rupee and strong November IIP growth provided some respite.  

Some of the important factors in trade:

Rupee rises against US Dollar: Indian rupee rose against the greenback primarily on account of dollar selling by the Reserve Bank. Strong industrial output numbers also supported the local unit. 

India on track to displace Germany from third rank in next 2.5-3 years: The government in its latest release has said that India has reached a new milestone, overtaking Japan to become the world’s fourth-largest economy, with GDP valued at $4.18 trillion. 

Banking sector remains resilient backed by strong balance sheet, improved asset quality: The Reserve Bank of India (RBI) in its latest report has said that the banking sector remained resilient during 2024-25, supported by a strong balance sheet, sustained profitability and improved asset quality. 

Govt borrows Rs 3.84 lakh crore via treasury bills: The government 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.

Global front: European markets were trading higher as traders awaited the release of the FOMC minutes. Asian markets settled mixed 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. 

Finally, the BSE Sensex fell 20.46 points or 0.02% to 84,675.08 and the CNX Nifty was down by 3.25 points or 0.01% to 25,938.85.       

The BSE Sensex touched high and low of 84,806.99 and 84,470.94 respectively. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices ended in red; the BSE Mid cap index fell 0.05%, while Small cap index was down by 0.20%.

The top gaining sectoral indices on the BSE were Metal up by 1.95%, Auto up by 1.03%, Basic Materials up by 0.65%, Bankex up by 0.59% and PSU up by 0.40%, while Consumer Durables down by 0.81%, IT down by 0.81%, Realty down by 0.74%, Capital Goods down by 0.45% and Healthcare down by 0.39% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.03%, Mahindra & Mahindra up by 2.00%, Bajaj Finserv up by 1.66%, Axis Bank up by 1.13% and SBI up by 0.88%. On the flip side, Eternal down by 2.10%, Interglobe Aviation down by 1.37%, Infosys down by 1.28%, Asian Paints down by 1.09% and Ultratech Cement down by 0.84% 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.

CNX Nifty touched high and low of 25,976.75 and 25,878.00 respectively. There were 22 stocks advancing against 28 stocks declining on the index.    

The top gainers on Nifty were Bajaj Auto up by 2.32%, Hindalco up by 2.12%, Shriram Finance up by 1.99%, Tata Steel up by 1.96% and Mahindra & Mahindra up by 1.89%. On the flip side, Eternal down by 2.21%, Eicher Motors down by 1.92%, Tata Consumer Product down by 1.79%, Max Healthcare down by 1.64% and InterGlobe Aviation down by 1.52% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 34.07 points or 0.35% to 9,900.60, France’s CAC rose 19.78 points or 0.24% to 8,131.80 and Germany’s DAX gained 151.38 points or 0.62% to 24,502.50.

Asian markets settled mixed on Tuesday due to Wall Street’s overnight fall ahead of the Federal Reserve's release of its December minutes report for further cues on the path of interest rates. Japan's Nikkei shares declined, dragged ⁠down by the technology sector that has been a key driver of the year's massive gains. South Korean shares fell despite gains in big-cap semiconductor shares as investors locked in profits from recent gains in the year-end session. In mainland China, the Shanghai Composite ended flat ahead of both official and private PMI readings scheduled for release this week, which will provide insights into the health of its manufacturing and services sectors. Meanwhile, investor attention remained focused on geopolitical developments and weighed the potential impact of China’s military drills around Taiwan. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,965.12

-0.16

0.00

Hang Seng

25,854.60

219.37

0.86

Jakarta Composite

8,646.94

2.68

0.03

KLSE Composite

1,684.53

3.54

0.21

Nikkei 225

50,339.48

-187.44

-0.37

Straits Times

4,655.38

21.74

0.47

KOSPI Composite

4,214.17

-6.39

-0.15

Taiwan Weighted

28,707.13

-103.76

-0.36
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