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Key gauges continue to trade in green in morning deals
Jan-01-2026

Indian equity benchmarks continued to trade in green in morning deals, supported by steady buying by domestic institutional investors. Traders took support as the government launched Rs 4,531 crore market access support for exporters under which financial support will be provided to participate in activities such as international fairs and exhibitions. It will help exporters at some time when they are facing a steep 50 per cent tariff by the US. Traders took a note of the government data showing that the Centre's fiscal deficit at the end of November stood at Rs 9.76 lakh crore, or 62.3 per cent of the annual budget target for 2025-26, compared to 52.5 per cent in the year-ago period. Sector-wise, Tobacco related stocks remained in watch as the government has notified that additional excise duty will be levied on tobacco products, and a new cess on pan masala from February 1.

The BSE Sensex is currently trading at 85342.31, up by 121.71 points or 0.14% after trading in a range of 85171.01 and 85451.70. There were 22 stocks advancing against 8 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.03%, while Small cap index was down by 0.07%.

The top gaining sectoral indices on the BSE were Telecom up by 1.48%, Utilities up by 1.15%, Power up by 0.75%, TECK up by 0.58% and Auto up by 0.46%, while FMCG down by 1.87%, Healthcare down by 0.44%, Capital Goods down by 0.24% and Consumer Durables down by 0.04% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.89%, NTPC up by 1.24%, Interglobe Aviation up by 1.04%, Mahindra & Mahindra up by 1.03% and Adani Ports &SEZ up by 1.01%. On the flip side, ITC down by 5.71%, Bharat Electronics down by 0.81%, Bajaj Finance down by 0.48%, Hindustan Unilever down by 0.37% and Sun Pharma down by 0.30% were the top losers.

Meanwhile, the Reserve Bank of India (RBI) in its December 2025 edition of the Financial Stability Report (FSR) has said that the Indian economy is growing at a robust pace, fueled by strong domestic demand, low inflation, and the healthy balance sheets of banks. The domestic financial system remains robust and resilient, supported by strong balance sheets, favorable financial conditions, and low financial market volatility.

The report, which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on the resilience of the Indian financial system and risks to financial stability, mentioned that there are near-term risks from external uncertainties - geopolitical and trade-related. The report noted that the real gross domestic product (GDP) growth surprised on the upside in both Q1 2025-26 and Q2 2025-26 at 7.8 per cent and 8.2 per cent, respectively, driven by strong private consumption and public investment. It mentioned growth outlook remains positive, supported by low inflation, favorable financial conditions, above normal monsoon, direct and indirect tax reforms, and the ongoing expansion of digital public infrastructure. 

Further, it said the health of scheduled commercial banks (SCBs) remains strong, with solid capital and liquidity buffers, improved asset quality, and robust profitability. It added Macro stress test results affirm the resilience of SCBs to withstand losses under hypothetical adverse scenarios and maintain capital buffers well above the regulatory minimum. Stress tests also confirm the resilience of mutual funds and clearing corporations.

According to the report, the gross non-performing assets ratio of banks will improve further to 1.9 per cent by March 2027 under a baseline scenario. As of September 2025, the key ratio stood at a multi-decade low of 2.1 per cent. The aggregate GNPA ratio of the 46 banks may improve from 2.1 per cent in September 2025 to 1.9 per cent in March 2027 under the baseline scenario.

The CNX Nifty is currently trading at 26166.00, up by 36.40 points or 0.14% after trading in a range of 26117.70 and 26197.55. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Eternal up by 1.65%, Adani Enterprises up by 1.28%, Wipro up by 1.15%, NTPC up by 1.11% and Interglobe Aviation up by 1.08%. On the flip side, ITC down by 5.62%, Dr. Reddy's Lab down by 1.49%, Tata Consumer Product down by 0.93%, Bharat Electronics down by 0.85% and Bajaj Finance down by 0.54% were the top losers. 
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