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Key gauges continue to trade in green in morning deals
Dec-31-2025

Indian equity benchmarks continued to trade in green in morning deals, amid sustained buying by domestic institutional investors. Traders took some support as the Reserve Bank of India stated that it will conduct an auction of open market operations purchase of government securities worth Rs 50,000 crore on January 5, 2026, to inject liquidity in the system. Some support also came as Union Minister of State for Personnel, Public Grievances and Pensions, Jitendra Singh stated that 2025 was a year that focused on governance reforms aimed at improving ease of living for citizens, alongside creating a more enabling and work-friendly environment for government employees. Sector-wise, cement industry stocks remained in watch as rating agency ICRA’s report stated that the Indian cement industry is expected to maintain mid single-digit growth in the next fiscal year (FY27), helped by the factors including steady demand from housing and infrastructure projects. On the global front, Asian markets were trading mixed with several markets in the Asia-Pacific region closed for New Year's Eve. 

The BSE Sensex is currently trading at 84823.83, up by 148.75 points or 0.18% after trading in a range of 84705.57 and 84929.46. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.58%, while Small cap index was up by 0.74%.

The top gaining sectoral indices on the BSE were Metal up by 1.66%, PSU up by 1.22%, Utilities up by 1.16%, Oil & Gas up by 1.13% and Basic Materials up by 1.12%, while IT down by 0.36% and TECK down by 0.24% were the few losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.48%, Titan Company up by 2.04%, Power Grid Corporation up by 1.58%, NTPC up by 1.45% and Bharat Electronics up by 1.25%. On the flip side, Bajaj Finserv down by 1.14%, TCS down by 0.97%, Infosys down by 0.82%, Bajaj Finance down by 0.67% and Tech Mahindra down by 0.65% were the top losers.

Meanwhile, rating agency ICRA in its latest report has said that the Indian cement industry is expected to maintain mid single-digit growth in the next fiscal year (FY27), helped by the factors including steady demand from housing and infrastructure projects. ICRA said that it expects India's cement industry will grow about 6 to 7 per cent in FY27, and touch 6.5 to 7.5 per cent growth in the current fiscal year (FY26).

It also expects the industry to add 85-90 million MTPA of capacity during FY26-FY27, while operational EBITDA is estimated to be at Rs 880-930 per Metric Tonnes (MT) in FY27, supported by better pricing and higher volumes. Moreover, it said cement demand remained strong, with volumes expanding by 8.5 per cent in FY26, supported by robust construction activity. With post-monsoon construction expected to pick up pace, a sequential improvement in demand is likely to take place in H2FY26.

Further, it stated that GST reforms that reduced the tax on finished cement from 28% to 18%, along with increased spendings by the government on infrastructure, are expected to strengthen demand momentum through FY26 and FY27. Amid strong demand prospects, major cement companies are expanding their capacities through both organic and inorganic methods to strengthen their market share.

It mentioned the industry is expected to add 42-44 million MTPA capacity in FY27, after 43-45 million MTPA capacity addition in FY26. Some regions, like North and Central India, are likely to witness higher capacity utilisation than the national average of about 70 per cent, while the southern region may continue to witness relatively moderate utilisation due to capacity overhang. It added, overall, the industry’s capacity utilization is projected to remain stable at 70-71 per cent in FY27, similar to FY26, on an expanded base.

The CNX Nifty is currently trading at 26018.10, up by 79.25 points or 0.31% after trading in a range of 25969.00 and 26028.00. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were JSW Steel up by 4.89%, Tata Steel up by 2.39%, Titan Company up by 2.10%, Power Grid Corporation up by 1.65% and NTPC up by 1.49%. On the flip side, TCS down by 0.97%, Infosys down by 0.64%, Tech Mahindra down by 0.62%, Bajaj Finserv down by 0.59% and Bajaj Finance down by 0.58% were the top losers.

Asian markets were trading mixed; Taiwan Weighted added 258.06 points or 0.9% to 28,965.19 and Shanghai Composite strengthened 4.54 points or 0.11% to 3,969.66. On the flip side, Hang Seng declined 272.6 points or 1.07% to 25,582.00 and Straits Times fell 9.17 points or 0.2% to 4,646.21.
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