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Key gauges sign-off last trading session of CY 2025 on strong note
Dec-31-2025

Indian equity benchmarks concluded last trading session of calendar year (CY) 2025 on a strong note, amid sustained buying by domestic institutional investors. Traders overlooked the exchange data showing that Foreign Institutional Investors (FIIs) continued their selling streak for the sixth consecutive session on December 30 and offloaded equities worth Rs 3,844.02 crore.

Some of the important factors in trade:

Rupee plunges amid dollar strength: Indian rupee slumped against US Dollar as persistent capital outflows from foreign investors, alongside heightened dollar demand from importers, making it one of the worst-performing Asian currencies. 

RBI to conduct OMO purchase of government securities to inject liquidity in system: With an aim to inject liquidity in the system, the Reserve Bank of India (RBI) has decided to conduct an Open Market Operations (OMO) purchase of government securities for an aggregate amount of Rs 50,000 crore on January 5, 2026. 

Governance reforms take centre stage in 2025: As 2025 comes to a close, Union Minister of State for Personnel, Public Grievances and Pensions, Jitendra Singh has marked it as a year of governance reforms where policy interventions were designed to improve ease of living for citizens, alongside create a more enabling and work-friendly environment for government employees. 

Cement industry stocks remain in watch: 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. 

Global front: European markets were trading higher as markets digested the minutes of the Fed's latest meeting and the hints of further easing contained therein. Asian markets settled mostly down amidst shortened trading hours, holidays and thin trading volume.

Finally, the BSE Sensex rose 545.52 points or 0.64% to 85,220.60 and the CNX Nifty was up by 190.75 points or 0.74% to 26,129.60.       

The BSE Sensex touched high and low of 85,437.17 and 84,705.57 respectively. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices ended in green; the BSE Mid cap index rose 1.01%, while Small cap index was up by 1.19%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 2.73%, Energy up by 2.28%, Metal up by 1.51%, PSU up by 1.45% and Consumer Durables up by 1.39%, while Telecom down by 0.74%, TECK down by 0.32% and IT down by 0.23% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.45%, Kotak Mahindra Bank up by 2.17%, Reliance Industries up by 1.86%, Axis Bank up by 1.82% and Titan Company up by 1.81%. On the flip side, TCS down by 1.29%, Tech Mahindra down by 0.86%, Infosys down by 0.49%, Bajaj Finance down by 0.27% and Sun Pharma down by 0.02% were the top losers.

Meanwhile, with an aim to inject liquidity in the system, the Reserve Bank of India (RBI) has decided to conduct an Open Market Operations (OMO) purchase of government securities for an aggregate amount of Rs 50,000 crore on January 5, 2026. The Reserve Bank will purchase the Government securities through a multi-security auction using the multiple price method.

The central bank said it will purchase government securities of 7.10 per cent GS 2029, 7.95 per cent GS 2032, 7.73 per cent GS 2034, 7.40 per cent GS 2035, 7.41 per cent GS 2036, 8.30 per cent GS 2040, and 7.09 per cent GS 2054. Moreover, the RBI reserves the right to decide on the quantum of purchase of individual securities; accept offers for less than the aggregate amount; purchase marginally higher/lower than the aggregate amount due to rounding-off; accept or reject any or all the offers either wholly or partially without assigning any reasons.

Eligible participants are need to submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 05, 2026. Physical offers will be accepted only in the event of a system failure. The result of the auction will be announced on the same day and successful participants should ensure availability of securities in their SGL account on January 06, 2026. Earlier, the RBI had said the OMO operations would be conducted in four equal tranches of Rs 50,000 crore each on December 29, January 5, January 12 and January 22.

CNX Nifty touched high and low of 26,187.95 and 25,969.00 respectively. There were 44 stocks advancing against 6 stocks declining on the index.     

The top gainers on Nifty were JSW Steel up by 4.88%, ONGC up by 2.46%, Tata Steel up by 2.35%, Kotak Mahindra Bank up by 2.34% and Reliance Industries up by 1.90%. On the flip side, TCS down by 1.13%, Tech Mahindra down by 0.85%, Grasim Industries down by 0.31%, Bajaj Finance down by 0.28% and Infosys down by 0.23% were the top losers. 

European markets were trading higher; UK’s FTSE 100 increased 86.27 points or 0.87% to 9,952.80, France’s CAC rose 75.38 points or 0.92% to 8,187.40 and Germany’s DAX gained 375.28 points or 1.52% to 24,726.40.

Asian markets settled mostly down on Wednesday on caution ahead of the New Year holiday and took cues from Wall Street losses. Meanwhile, investors digested minutes from the US Federal Reserve’s December meeting, which showed that most policymakers would be open to interest rate cuts should inflation continue to ease, though there remained division over the timing and scope of any potential easing. Stock markets of Japan, South Korea, and Indonesia were closed for a market holiday observed for New Year's Eve. Hong Kong shares finished the last trading day of 2025 with losses, though for the year the Hang Seng Index gained 28% -- its best performance in eight years. However, Chinese shares gained marginally after China’s factory activity ticked up slightly in December. According to data released by China’s National Bureau of Statistics (NBS), China's Composite PMI Output Index edged up to 50.7 in December from 49.7 in the previous month, marking the highest reading since June. The NBS Manufacturing PMI rose to 50.1 in December, up from 49.2 in November. The NBS Non-Manufacturing PMI climbed to 50.2 in December, compared to 49.5 in November. The market forecast was for a 49.8 print. Meanwhile, China's RatingDog Manufacturing PMI rose to 50.1 in December from 49.9 in November. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,968.84

3.72

0.09

Hang Seng

25,630.54

-224.06

-0.87

Jakarta Composite

--

--

--

KLSE Composite

1,680.11

-4.42

-0.26

Nikkei 225

--

--

--

Straits Times

4,646.21

-9.17

-0.20

KOSPI Composite

--

--

--

Taiwan Weighted

28,963.60

256.47

0.89
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