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Markets add more points in late morning deals
Dec-31-2025

Indian equity markets added more points in late morning deals on the back of fresh buying by funds and retail investors. Sensex and Nifty were trading higher with gains in the range of 0.30-0.45 percent. Meanwhile, broader indices outperformed their large peers with BSE Mid cap index and Small cap index gaining in the range of 0.75-0.80 percent. There was encouragement in markets as the Reserve Bank of India said that it will conduct an auction of open market operations purchase of government securities worth Rs 50,000 crore to inject liquidity in the system. Steel industry related stocks were in focus as India has imposed a three-year import tariff of between 11 per cent and 12 per cent on ‍some steel products, according to a finance ministry order published, as the government aims to curb cheap shipments from China. Jindal Stainless, Tata Steel, Jindal Steel and Steel Authority of India (SAIL) were trading higher.

On the global front, Asian markets were trading mixed on the holiday-shortened and final trading day of the year. Back home, in the stock specific development, Dynacons Systems & Solutions surged after the company secured a contract from the Reserve Bank of India for its Enterprise Application Platform (EAP) worth Rs 249.15 crore. 

The BSE Sensex is currently trading at 84951.77, up by 276.69 points or 0.33% after trading in a range of 84705.57 and 85012.68. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.75%, while Small cap index up by 0.80%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 1.63%, Metal up by 1.53%, Energy up by 1.50%, PSU up by 1.40% and Consumer Durables up by 1.28%, while IT down by 0.25% and TECK down by 0.03% were the only losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.42%, Titan up by 2.04%, NTPC up by 1.63%, Power Grid up by 1.59% and Trent up by 1.26%. On the flip side, TCS down by 0.87%, Bajaj Finance down by 0.83%, Tech Mahindra down by 0.67%, Infosys down by 0.55% and Bajaj Finserv down by 0.50% were the top losers.

Meanwhile, Crisil Intelligence in latest report has emphasized the need of a far more targeted, ecosystem-wide approach in order to convert high visitor volumes into higher incomes and realise full potential of country’s tourism sector. It has suggested that the sector should strengthen micro, small and medium enterprises (MSMEs) capabilities, improve destination infrastructure and service quality. Further, it said the full potential of domestic tourism sector is yet to be realised, despite being a large livelihood engine, due to weak supply-side enabling conditions. It noted that the country has the entrepreneurial base and domestic demand and will benefit from cultural richness and natural diversity to emerge as a global tourism powerhouse.

It highlighted that while the tourism was the country's largest non-farm employer engaging more than 13% of the workforce and recording 2.96 billion tourist visits in 2024, it lacked to translate to economic value addition. It noted that the sector accounted for only about 5% of the gross domestic product, which is well below the global average of 10%, indicating a persistent gap between visitor arrivals and value creation. Crisil pointed that India hosts only 1.4% of total international tourists, far below its potential, and nearly one-third of these visitors are the Indian diaspora, travelling primarily to meet family and friends, rather than for leisure. In order to unlock higher-value tourism, it suggested that India must expand its appeal to high-spending leisure travellers from high-income countries. It also emphasised the need of retaining the domestic travellers, who currently spend heavily abroad, as Indian outbound travel expenditure has risen sharply to $17 billion in fiscal 2024.

In order to realise the domestic tourism sector's full potential, it recommended targeted interventions including building circuit-based infrastructure upgrades through PPPs (public-private-partnerships); development of flagship, world-class destination hubs; improved safety, hygiene and mobility through better planning and regulation; and sustainability-led destination management to protect fragile circuits. It also suggested deep integration of MSMEs, self-help groups (SHGs), artisans, home-stays and youth; skill development for hospitality, guiding, digital marketing, food safety and eco-operations; stronger branding and digital marketing to reposition India globally; along with targeted financing support, credit access and formalisation pathways for tourism MSMEs.

The CNX Nifty is currently trading at 26044.45, up by 105.60 points or 0.41% after trading in a range of 25969.00 and 26064.00. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were JSW Steel up by 4.87%, Tata Steel up by 2.42%, Titan up by 2.04%, NTPC up by 1.59% and Power Grid up by 1.57%. On the flip side, Bajaj Finance down by 0.84%, TCS down by 0.83%, Tech Mahindra down by 0.67%, Wipro down by 0.38% and Infosys down by 0.36% were the top losers.

Asian markets were trading mixed; Taiwan Weighted added 277.48 points or 0.97% to 28,984.61 and Shanghai Composite strengthened 8.75 points or 0.22% to 3,973.87. However, 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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