Closing Bell: Santa rally on D-Street; Nifty above 26,150, Sensex gains 638 pts

Indian equity indices ended on strong note with Nifty above 26100 on December 22. At close, the Sensex was up 638.12 points or 0.77 percent at 85,567.48, and the Nifty was up 206 points or 0.79 percent at 26,172.40.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Markets began the week on a positive note and advanced nearly a percent, extending the rebound seen on Friday. Following a gap-up opening, the Nifty moved within a narrow range while holding firmly near the day’s highs and resumed its upward move in the final hour to close around the 26,172.4 level. Sectoral participation was broadly supportive, with buying interest seen across the board; IT, metals and auto emerged as the top gainers. The broader markets also moved in tandem, posting strong gains and indicating improved participation compared to recent sessions.

Sentiment was supported by favourable global cues and relative stability in the currency, which helped ease concerns around external pressures. A pause in aggressive foreign selling, along with rotational buying in select index heavyweights, contributed to the steady undertone. That said, overall activity remained selective, as participants stayed cautious in the absence of strong domestic triggers.

Looking ahead to the scheduled weekly expiry, the Nifty may face resistance in the 26,200–26,300 zone, which coincides with the record-high zone. However, the broader bias remains positive, and participants may look for buying opportunities on dips toward the 25,950–26,050 support zone. With sectoral participation occurring on a rotational basis, we continue to prefer stocks that are leading price action within their respective sectors, while avoiding laggards.

The Nifty continues to move higher following a falling wedge breakout, indicating improving bullish sentiment in the short term. The RSI has delivered a downward consolidation breakout on the daily timeframe, signaling strong positive momentum in the market.

The trend is likely to favor the bulls as long as the index remains above 25,900, making a buy-on-dips strategy favorable. On the higher end, 26,315 may act as immediate resistance, above which a further rally could unfold.

Nifty witnessed sharp breakout of consolidation movement on Monday and closed the day with hefty gains of 206 points. After opening with an upside gap of 90 points, Nifty surged up further soon after the opening. It later shifted into a range bound action with positive bias in the mid to later part of the session and the opening upside gap remains unfilled.

A long bull candle was formed on the daily chart with gap up opening. Technically, this market action indicates a decisive breakout of crucial hurdle and triangle pattern around 26000 levels. This is positive indication and this reflects market's significant change in trend on the upside. Next upside levels to be watched around 26300-26400 levels in the near-term. Immediate support is placed at 26000.

On Monday, the benchmark index Nifty started the session on a strong note with a notable upside gap. More importantly, the index has given a decisive breakout above the neckline of the Adam & Adam Double Bottom pattern. Riding on this breakout, Nifty extended its gains gradually throughout the day and eventually closed at 26,172, registering a healthy 0.79% rise. The price action also resulted in the formation of a sizeable bullish candle on the daily chart, reinforcing growing optimism at the current juncture.

From a trend perspective, Nifty continues to trade well above all its crucial moving averages, and these averages are gradually sloping upward, a clear indication of strengthening underlying momentum. The daily RSI is also on the verge of crossing above the 60 mark, a zone often associated with improving buying strength, highlighting that momentum is shifting in favour of the bulls.

Within the Nifty 50 pack, Shri Ram Finance, Trent, and Wipro emerged as the top gainers, contributing significantly to the index’s up-move. On the flip side, HDFC Life and SBI were among the key laggards for the day. Sectorally, the market breadth remained encouraging — barring Nifty Realty and Nifty Consumer Durables, all major sectoral indices ended in the green. Notably, Nifty IT, Nifty Chemicals, and Nifty Metal indices outperformed, reflecting broad-based strength.

The positive sentiment extended to the broader markets as well. Both Nifty Midcap 100 and Nifty Small Cap 100 closed firmly in the green, echoing renewed investor interest beyond frontline stocks. A particularly noteworthy development was the Nifty Small Cap 100 index closing above its 20 day EMA for the first time since November 18, 2025, hinting at a potential shift in short-term trend. Market breadth further strengthened this narrative, with the advance–decline ratio skewed decisively in favour of advancers. From the broader Nifty 500 universe, as many as 371 stocks ended on a positive note, showcasing the breadth and depth of Monday’s market rally.

Nifty View

Going ahead, the Nifty is likely to extend its northward journey in the next couple of trading sessions. As per the measure rule of the Double Bottom pattern, the upside target is placed at 26420 in the short term. While on the downside, the 20-day EMA zone of 26000-25950 will act as crucial support for the index.

Bank Nifty View

The banking benchmark index, Bank Nifty, ended on a positive note. However, it has underperformed the frontline indices on Monday.

Going ahead, the zone of 59500-59600 will act as a crucial hurdle for the index. Any sustainable move above 59600 will lead to a sharp upside rally upto the 60000, followed by the 60500 level in the short term. On the downside, the 20-day EMA zone of 59100-59000 will act as important support for the index.

The Indian markets closed on a positive note today building on Friday's recovery from a four-day losing streak. Nifty closed at 26,172.40, up 206 pts (0.78%) while Sensex closed at 85,567.48, up 638.12 pts (0.75%). Sectoral gains were prominent in IT, Metals, Capital goods, and Financials while the laggards were Realty and Consumer Durable. Stock wise, in Nifty 50 the top gainers were Shriram Finance, Trent, Wipro and Infosys while SBI and Tata Consumers were the losers.

The major upcoming event which the market will be tracking now will be the US GDP data which is releasing tomorrow. Post the GDP data, it is expected to be a quite week and FII outflow can be expected till the end of the year due to the tax loss harvesting which can reduce the liquidity from the FIIs end leading to a cautious end to the year.

Following the US-Venezuela cue, there can be some global headwinds which can lead to further investments in bullions like gold and silver and due to this some weakness can be expected in equities.

Indian equity markets extended their rally, led by strong gains in IT, metals, and defence stocks, as investor sentiment improved on multiple supportive cues. A stabilising USD–INR exchange rate, coupled with data showing foreign portfolio investors turning net buyers of domestic equities over the past few sessions, triggered broad-based buying and short covering across derivative segments. Global risk appetite also remained firm, supported by expectations of further monetary policy easing by the US Federal Reserve, which helped sustain the risk-on momentum across global markets. Adding to the positive sentiment, India and New Zealand successfully concluded a free trade agreement, seen as a strategic positive as India seeks to diversify its export base amid the 50% tariffs imposed by the Trump administration.

Nifty 50 closed the session on a strong note after confirming a breakout above the 26,050–26,100 zone, validating a double-bottom pattern and reinforcing the ongoing daily uptrend. The early gap-up was followed by a healthy continuation from the recent rebound, signalling strength and sustained buying interest rather than distribution. As long as the index holds above the 25,950–26,000 support band, the broader structure remains bullish, with a decisive close above 26,200 opening the path toward 26,300–26,500.

Bank Nifty continued to outperform the broader market, closing near the day’s highs and reflecting steady demand across the banking space. The index remains comfortably above key short-term moving averages, with immediate support placed at 59,000–58,700. A sustained breakout above the 59,500 resistance zone could unlock a move toward the 60,000-60,500 mark, keeping the near-term bias positive.

Indian markets extended their year-end rally, supported by strong liquidity and global cues, as expectations of further Fed easing in 2026 continue to underpin growth. FIIs turned net buyers, reinforcing the positive tone, with IT and metals leading gains. Gold hit a record high, driven by rate-cut expectations, robust central bank buying, sustained ETF inflows, and heightened global tensions, including Ukraine’s strike on a Russian vessel. Investors now await the Q3 GDP estimate for policy clarity, with consensus pointing to resilient growth. However, caution persists amid limited progress on trade negotiations, geopolitical uncertainties, and crude price volatility.

Indian rupee erased all the intraday gains and ended flat at 89.65 per dollar on Monday versus Friday's close of 89.65.

Indian equity indices ended on strong note with Nifty above 26150 on December 22.

At close, the Sensex was up 638.12 points or 0.77 percent at 85,567.48, and the Nifty was up 206 points or 0.79 percent at 26,172.40. About 2601 shares advanced, 1363 shares declined, and 163 shares unchanged.

Biggest Nifty gainers were Shriram Finance, Trent, Wipro, Infosys, Bharti Airtel, while losers included SBI, HDFC Life, Cipla, Tata Consumer, Kotak Mahindra Bank.

BSE Midcap index added 0.8 percent and smallcap index jumped 1 percent.

All the sectoral indices ended higher with capital goods, metal, IT up 1-2%.

The company informed that due to leakage in steam pipeline, an accident occurred in power plant unit of Company’s captive power plant at Siltara, Raipur in evening hours of 20th December 2025 resulting in one casualty and one person being seriously injured. The reason of the leakage in pipeline is yet to be ascertained. The leakage was swiftly brought under control.

Sarda Energy and Minerals was quoting at Rs 511.30, up Rs 0.50, or 0.10 percent.

QIB – 0.34 times

NII - 1.29 times

Retail – 4.04 times

Overall – 1.19 times

Prestige Estates Projects was quoting at Rs 1,604.05, down Rs 18.35, or 1.13 percent.

It has touched an intraday high of Rs 1,634.65 and an intraday low of Rs 1,599.50.

It was trading with volumes of 2,108 shares, compared to its five day average of 44,325 shares, a decrease of -95.24 percent.

In the previous trading session, the share closed up 1.50 percent or Rs 24.00 at Rs 1,622.40.

The share touched a 52-week high of Rs 1,812.40 and a 52-week low of Rs 1,048.30 on 22 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 11.5 percent below its 52-week high and 53.01 percent above its 52-week low.

Market capitalisation stands at Rs 69,091.28 crore.

#1 Company wins Khavda–South Olepad HVDC order worth approximately Rs 10,000 crore

#2 The HVDC order win bolsters long-term growth visibility

#3 Well positioned to secure one additional HVDC project by FY27

#4 Enhanced export traction as parent company lifts guidance

#5 Estimate EPS CAGR of 41 percent over FY25–28

#6 The stock currently trades at 54x/44x FY27F/FY28F earnings

#1 Commission caps on distribution are unlikely to hurt PolicyBazaar

#2 COR model & already lower commissions versus industry mitigate risk

#3 Q3 is likely to be a strong quarter with healthy growth

#4 The insurance bill boosts penetration & aids PolicyBazaar over the long term

The board of directors of Samvardhana Motherson International at its meeting held today, i.e., on December 22, 2025 has, considered and approved acquisition by Motherson Global Investments B.V. of the business including assets and certain real estate of Nexans autoelectric GmbH and Elektrokontact GmbH and shares in the foreign subsidiaries of Nexans autoelectric GmbH and Elektrokontact GmbH.

Samvardhana Motherson International was quoting at Rs 121.05, up Rs 0.05, or 0.04 percent.

It has touched a 52-week high of Rs 122.35.

It has touched an intraday high of Rs 122.35 and an intraday low of Rs 120.40.

#1 Short-term growth outlook remains weak , with beer affordability impaired in a few states

#2 Premiumisation thesis remains intact, with management targeting consistent 25-30 percent+ volume growth

#3 Margin expansion is expected to be gradual

#4 UBL is executing well on controllable levers and making steady progress on strategic Priorities sustained regulatory headwinds continue to weigh on growth and profitability

United Breweries was quoting at Rs 1,615.25, up Rs 12.55, or 0.78 percent.

It has touched an intraday high of Rs 1,618.70 and an intraday low of Rs 1,590.

The Sensex was up 589.76 points or 0.69 percent at 85,519.12, and the Nifty was up 190.50 points or 0.73 percent at 26,156.90. About 2581 shares advanced, 1365 shares declined, and 153 shares unchanged.

Cholamandalam Investment and Finance Company was quoting at Rs 1,589.20, down Rs 56.10, or 3.41 percent.

It has touched an intraday high of Rs 1,645.45 and an intraday low of Rs 1,586.70.

It was trading with volumes of 65,334 shares, compared to its five day average of 102,130 shares, a decrease of -36.03 percent.

In the previous trading session, the share closed down 2.03 percent or Rs 34.05 at Rs 1,645.30.

The share touched a 52-week high of Rs 1,780.90 and a 52-week low of Rs 1,167.60 on 27 October, 2025 and 24 December, 2024, respectively.

Currently, the stock is trading 10.76 percent below its 52-week high and 36.11 percent above its 52-week low.

Market capitalisation stands at Rs 133,764.56 crore.

Indian rupee erased most of the intraday gains and trading flat at 89.61 per dollar versus Friday's close of 89.65.

Infosys was quoting at Rs 1,686.45, up Rs 46.85, or 2.86 percent.

It has touched an intraday high of Rs 1,692 and an intraday low of Rs 1,662.80.

It was trading with volumes of 743,797 shares, compared to its five day average of 379,205 shares, an increase of 96.15 percent.

In the previous trading session, the share closed up 0.81 percent or Rs 13.25 at Rs 1,639.60.

The share touched a 52-week high of Rs 1,982.55 and a 52-week low of Rs 1,307.10 on 13 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 14.94 percent below its 52-week high and 29.02 percent above its 52-week low.

Market capitalisation stands at Rs 700,656.63 crore.

#1 Telecom companies serve as large-scale distribution channels for OTT, AI & Fin Services, creating multiple monetisation opportunities

#2 Phasing out lower-data plans & offering higher data for the same validity is another monetisation lever

#3 Data monetisation is seen as the key driver of higher ARPUs, even without tariff hikes beyond 2026

#4 Bharti’s valuation multiples appear sustainable, supported by expanding RoCE in its India business over the next 2-3 year

GROWW, currently trading at RS 168.35, is exhibiting a bullish reversal structure. The stock was listed in mid-November and subsequently rallied to a post-listing high of Rs 193.90, after which it underwent a healthy corrective phase. This correction found strong support near the 0.618 Fibonacci retracement level, where the stock consolidated for a period before staging a breakout. The breakout has been accompanied by a strong bullish candle, indicating renewed buying interest and a potential trend resumption.

A decisive close above the key resistance zone of Rs 175, supported by expanding volumes, would further validate the bullish setup and signal continuation of the upward move. The overall price action suggests an immediate upside potential toward Rs 200 in the near term. On the daily timeframe, the RSI stands at 66.41 and is trending higher, reflecting sustained positive momentum without entering overbought territory. Additionally, the stock is trading above its 20-day exponential moving average, reinforcing the prevailing positive bias and improving sentiment.

From a trading perspective, participants may consider accumulating the stock on minor pullbacks in the Rs 162 to Rs 153 range, which aligns with the 20-day EMA support zone. A short-term target of Rs 200 can be maintained, while a stop-loss should be placed below Rs 152 to manage downside risk.

#1 Pricing based on outcome & output models is likely to drive strong

#2 Sticky client relationships & economic benefits through value creation

#3 With a TAM Of USD 222 billion & company revenue at USD 315 million in FY25, see significant headroom for growth supported by cross-selling synergies & a large client base

#4 Expect 16 percent USD revenue CAGR over the next three years

#5 EBITDA margin rising to 33.6 percent by FY28, earnings CAGR Of 30 percent, cash conversion of 85 percent & RoE of 30 percent

Inventurus Knowledge Solutions was quoting at Rs 1,743.90, up Rs 53.15, or 3.14 percent.

It has touched an intraday high of Rs 1,746.00 and an intraday low of Rs 1,666.40.

#1 Pricing based on outcome & output models is likely to drive strong

#2 Sticky client relationships & economic benefits through value creation

#3 With a TAM Of USD 222 billion & company revenue at USD 315 million in FY25, see significant headroom for growth supported by cross-selling synergies & a large client base

#4 Expect 16 percent USD revenue CAGR over the next three years

#5 EBITDA margin rising to 33.6 percent by FY28, earnings CAGR Of 30 percent, cash conversion of 85 percent & RoE of 30 percent

Inventurus Knowledge Solutions was quoting at Rs 1,743.90, up Rs 53.15, or 3.14 percent.

It has touched an intraday high of Rs 1,746.00 and an intraday low of Rs 1,666.40.

The Sensex was up 544.39 points or 0.64 percent at 85,473.75, and the Nifty was up 181.90 points or 0.70 percent at 26,148.30. About 2625 shares advanced, 1276 shares declined, and 163 shares unchanged.

Knowledge Marine & Engineering Works was quoting at Rs 1,869.60, up Rs 227.27, or 13.84 percent.

It has touched a 52-week high of Rs 1,965.

It has touched an intraday high of Rs 1,965 and an intraday low of Rs 1,611.

It was trading with volumes of 42,754 shares, compared to its five day average of 15,042 shares, an increase of 184.22 percent.

QIB – 0.00 times

NII - 1.05 times

Retail – 3.23 times

Overall – 0.80 times

#1 Company has established a strong presence in the metal pipes sector by expanding across the value chain

#2 With a robust capacity arsenal, WLCO plans to participate in infra growth in India & energy independence efforts in the US

#3 Company aims to expand from metal pipes into building material products, with Sintex as a frontline growth driver

#4 Expect WLCO, benefiting from its Rs 5,500 crore capex program through FY27

#5 To report improved margin & return ratios by FY28

#6 With all segments performing well, revenue & EBITDA are expected to compound at 21 percent & 22 percent, respectively, over FY25–28

Infosys was quoting at Rs 1,686.65, up Rs 47.05, or 2.87 percent.

It has touched an intraday high of Rs 1,692.00 and an intraday low of Rs 1,662.80.

It was trading with volumes of 647,769 shares, compared to its five day average of 379,205 shares, an increase of 70.82 percent.

In the previous trading session, the share closed up 0.81 percent or Rs 13.25 at Rs 1,639.60.

The share touched a 52-week high of Rs 1,982.55 and a 52-week low of Rs 1,307.10 on 13 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 14.93 percent below its 52-week high and 29.04 percent above its 52-week low.

Market capitalisation stands at Rs 700,739.73 crore.

Indian rupee erased some of the opening gains but still trading higher at 89.54 per dollar versus Friday's close of 89.65.

#1 Company wins Khavda–South Olepad HVDC order worth approximately Rs 10,000 crore

#2 The HVDC order win bolsters long-term growth visibility

#3 Well positioned to secure one additional HVDC project by FY27

#4 Enhanced export traction as parent company lifts guidance

#5 Estimate EPS CAGR of 41 percent over FY25–28

#6 The stock currently trades at 54x/44x FY27F/FY28F earnings

#1 IT hardware import norms extended, leading to growth uncertainty

#2 Believe extension of IMS could allow brands like Acer, Lenovo, HP & Asus to continue importing under requisite licences & disclosures

#3 Over the past two years, company has retained its cumulative IT hardware revenue guidance of Rs 48,000 crore up to FY31

#4 This implies a Rs 7,500–8,000 crore annual run rate in the coming years, which we consider challenging

#5 Expect IT hardware to contribute approximately 7 percent of company’s FY30 revenue

#6 Favourable import norms could pose downside risk to this estimate

Dixon Technologies was quoting at Rs 13,143.65, down Rs 122.45, or 0.92 percent.

It has touched an intraday high of Rs 13,436.00 and an intraday low of Rs 13,085.95.

It was trading with volumes of 9,794 shares, compared to its five day average of 26,105 shares, a decrease of -62.48 percent.

In the previous trading session, the share closed down 0.25 percent or Rs 32.95 at Rs 13,266.10.

The share touched a 52-week high of Rs 18,698 and a 52-week low of Rs 12,133.50 on 06 January, 2025 and 11 December, 2025, respectively.

Currently, the stock is trading 29.71 percent below its 52-week high and 8.33 percent above its 52-week low.

Market capitalisation stands at Rs 79,763.22 crore.

The Sensex was up 532.50 points or 0.63 percent at 85,461.86, and the Nifty was up 179.75 points or 0.69 percent at 26,146.15. About 2608 shares advanced, 1245 shares declined, and 167 shares unchanged.

QIB – 0.00 times

NII - 0.83 times

Retail – 2.77 times

Overall – 0.67 times

#1 Profit falls 6.2% to Rs 45.7 crore Vs Rs 48.7 crore, YoY

#2 Revenue grows 9.3% to Rs 162.7 crore Vs Rs 148.8 crore, YoY

Sudeep Pharma was quoting at Rs 668.05, down Rs 18.25, or 2.66 percent.

It has touched an intraday high of Rs 673.95 and an intraday low of Rs 644.90.

In the previous trading session, the share closed up 1.98 percent or Rs 13.35 at Rs 686.30.

The share touched a 52-week high of Rs 795.80 and a 52-week low of Rs 632.10 on 28 November, 2025 and 09 December, 2025, respectively.

Currently, the stock is trading 16.05 percent below its 52-week high and 5.69 percent above its 52-week low.

Market capitalisation stands at Rs 7,545.53 crore.

Ramkrishna Forgings was quoting at Rs 502.85, up Rs 25.15, or 5.26 percent.

It has touched an intraday high of Rs 503.45 and an intraday low of Rs 479.35.

It was trading with volumes of 10,829 shares, compared to its five day average of 16,211 shares, a decrease of -33.20 percent.

In the previous trading session, the share closed down 0.14 percent or Rs 0.65 at Rs 477.70.

The share touched a 52-week high of Rs 1,019.90 and a 52-week low of Rs 473.35 on 20 January, 2025 and 19 December, 2025, respectively.

Currently, the stock is trading 50.7 percent below its 52-week high and 6.23 percent above its 52-week low.

Market capitalisation stands at Rs 9,092.97 crore.

Chamunda Electrical has received orders for supply and installation (EPC) of solar power plant with specification and components of Rs 16 crore.

Chamunda Electrical was quoting at Rs 53.80, up Rs 2.85, or 5.59 percent. It has touched an intraday high of Rs 53.80 and an intraday low of Rs 53.80.

The board of directors has approved the appointment of Mr. Preyash Jhaveri as Interim Chief Financial Officer (Key Managerial Personnel) of the Company with effect from December 22, 2025 till the time a new Chief Financial Officer (Key Managerial Personnel) is appointed by the board.

Adani Total Gas was quoting at Rs 570.15, up Rs 1.35, or 0.24 percent.

It has touched an intraday high of Rs 574.15 and an intraday low of Rs 567.45.

It was trading with volumes of 70,751 shares, compared to its five day average of 41,279 shares, an increase of 71.40 percent.

Haircare brand Moxie Beauty has partnered with Unicommerce to streamline its e-commerce operations and enable faster, more reliable online deliveries of its beauty products.

Unicommerce Esolutions was quoting at Rs 117.75, up Rs 1.20, or 1.03 percent.

It has touched an intraday high of Rs 119 and an intraday low of Rs 116.90.

It was trading with volumes of 5,463 shares, compared to its five day average of 483,440 shares, a decrease of -98.87 percent.

In the previous trading session, the share closed up 0.47 percent or Rs 0.55 at Rs 116.55.

The share touched a 52-week high of Rs 174.95 and a 52-week low of Rs 96.30 on 02 January, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 32.7 percent below its 52-week high and 22.27 percent above its 52-week low.

Market capitalisation stands at Rs 1,311.29 crore.

The Board has approved material related-party contracts to provide works relating to initial upgradation, O&M works, and project implementation, and to act as the project manager of the IRB Infrastructure Trust (Private InvIT) in relation to the TOT-17 Project, implemented through IRB Harihara Corridors (the project SPV).

The company has agreed to act as the project manager for a revenue-linked concession period of 20 years from the Appointed Date, for an estimated value of up to Rs 6,785 crore.

Meanwhile, the Board has sought approval from shareholders for the corridors of the Lucknow–Ayodhya–Gorakhpur section of NH-28 (new NH-27) and Lucknow–Sultanpur (NH-731) under the TOT-17 project on January 13.

IRB Infrastructure Developers was quoting at Rs 41.95, up Rs 0.88, or 2.14 percent.

It has touched an intraday high of Rs 42.37 and an intraday low of Rs 41.20.

It was trading with volumes of 296,299 shares, compared to its five day average of 559,443 shares, a decrease of -47.04 percent.

In the previous trading session, the share closed up 0.76 percent or Rs 0.31 at Rs 41.07.

The share touched a 52-week high of Rs 60.94 and a 52-week low of Rs 40.54 on 03 January, 2025 and 26 September, 2025, respectively.

Currently, the stock is trading 31.16 percent below its 52-week high and 3.48 percent above its 52-week low.

Market capitalisation stands at Rs 25,333.61 crore.

The company has entered into a Leave and License Agreement with Andhra Mahila Sabha to take approximately 1.168 acres of land in Chennai, Tamil Nadu, on a long-term lease for setting up a super speciality hospital.

The proposed capacity expansion is around 300 beds, and the investment in the project is expected to be around Rs 300 crore.

Additionally, KIMS has made a further investment in tranches by acquiring an additional 6.94% equity stake in material subsidiary Sarvejana Healthcare for Rs 148.09 crore. Consequently, the company now holds a 75.53% stake in Sarvejana Healthcare.

Krishna Institute of Medical Sciences was quoting at Rs 651, up Rs 11.40, or 1.78 percent.

It has touched an intraday high of Rs 662.65 and an intraday low of Rs 645.40.

It was trading with volumes of 85,871 shares, compared to its five day average of 4,103 shares, an increase of 1,992.88 percent.

In the previous trading session, the share closed up 0.84 percent or Rs 5.35 at Rs 639.60.

The share touched a 52-week high of Rs 798 and a 52-week low of Rs 474.55 on 24 July, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 18.42 percent below its 52-week high and 37.18 percent above its 52-week low.

Market capitalisation stands at Rs 26,049.04 crore.

#1 The stock on revised estimates trades at 13x FY28 earnings and 16x FY27 earnings

#2 RoEs are expected to fall to 12 percent in FY27 & then move up to 14 percent in FY28

#3 Assign a target multiple of 16x on FY28E earnings

The company has entered into a Memorandum of Understand (MoU) with Theoremus AD, a reputed company situated in Bulgaria,  which is engaged in the business of improving the quality of life in congested and polluted cities around the world with the help of technology and AI.

AION-TECH SOLUTIONS was quoting at Rs 51, up Rs 0.48, or 0.95 percent.

It has touched an intraday high of Rs 51.15 and an intraday low of Rs 49.84.

In the previous trading session, the share closed up 1.90 percent or Rs 0.94 at Rs 50.52.

The share touched a 52-week high of Rs 86 and a 52-week low of Rs 45.71 on 27 December, 2024 and 10 December, 2025, respectively.

Currently, the stock is trading 40.7 percent below its 52-week high and 11.57 percent above its 52-week low.

Market capitalisation stands at Rs 266.54 crore.

Emcure Pharmaceuticals announced the commercial launch of Poviztra, semaglutide injection, across India. With this launch Emcure becomes the first Indian company to exclusively distribute and commercialise Poviztra, a second brand of Novo Nordisk’s Semaglutide injection for weight management.

Emcure Pharmaceuticals was quoting at Rs 1,392.70, up Rs 7.30, or 0.53 percent.

It has touched an intraday high of Rs 1,398.10 and an intraday low of Rs 1,381.

In the previous trading session, the share closed down 0.08 percent or Rs 1.05 at Rs 1,385.40.

The share touched a 52-week high of Rs 1,524.85 and a 52-week low of Rs 890.00 on 21 August, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 8.67 percent below its 52-week high and 56.48 percent above its 52-week low.

Market capitalisation stands at Rs 26,401.77 crore.

Bondada Engineering was quoting at Rs 374.50, up Rs 17.10, or 4.78 percent.

It has touched an intraday high of Rs 374.60 and an intraday low of Rs 356.

In the previous trading session, the share closed down 0.50 percent or Rs 1.80 at Rs 357.40.

The share touched a 52-week high of Rs 656 and a 52-week low of Rs 330 on 24 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 42.91 percent below its 52-week high and 13.48 percent above its 52-week low.

Market capitalisation stands at Rs 4,179.18 crore.

The Sensex was up 500.77 points or 0.59 percent at 85,430.13, and the Nifty was up 174.75 points or 0.67 percent at 26,141.15. About 2630 shares advanced, 1139 shares declined, and 167 shares unchanged.

Gold rose to an all-time high, as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades.

Bullion climbed more than 1.5% to surpass the previous record of $4,381 an ounce set in October. Traders are betting the Federal Reserve will cut interest rates twice in 2026 after a slew of economic data last week, while US President Donald Trump has also advocated for looser monetary policy. Lower rates are typically a tailwind for precious metals, which don’t pay interest.

The board of directors of Varun Beverages approved to acquire 100% Share Capital of Twizza Proprietary (a company incorporated under the laws of South Africa) at an Enterprise value of ZAR 2,095 Million (Rs 11,187 million; 1 ZAR = 5.34 INR) through its subsidiary company in South Africa i.e. The Beverages Company Proprietary, subject to regulatory and other approvals (if any) including but not limited to Competition Commissions of South Africa, Botswana and Eswatini.

1.3 million shares of the company change hands in a block trade: Bloomberg

Varun Beverages was quoting at Rs 480.05, up Rs 10.45, or 2.23 percent.

The company has acquired 148.8 crore equity shares worth $150 million (Rs 1,354.94 crore) in its foreign subsidiary, T Steel Holdings (TSHP). Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the company.

Additionally, the company has received an order from the Commissioner of CGST & Central Excise, Jamshedpur, directing it to pay a tax amount of Rs 493.35 crore, a penalty of Rs 638.82 crore, and applicable interest on the total tax amount.

1.45 million shares of the company traded in a block trade: Bloomberg

Tata Steel was quoting at Rs 169.75, up Rs 1.10, or 0.65 percent.

QIB – 0.00 times

NII - 0.62 times

Retail – 2.20 times

Overall – 0.52 times

The company has entered into a Joint Venture Agreement with Hindustan Waste Treatment (HWT) for setting up compressed biogas plant and biofuel projects.

Indraprastha Gas was quoting at Rs 196, up Rs 2.15, or 1.11 percent.

It has touched an intraday high of Rs 198 and an intraday low of Rs 193.

It was trading with volumes of 191,220 shares, compared to its five day average of 357,910 shares, a decrease of -46.57 percent.

In the previous trading session, the share closed down 1.10 percent or Rs 2.15 at Rs 193.85.

The share touched a 52-week high of Rs 229.20 and a 52-week low of Rs 172.00 on 09 July, 2025 and 16 April, 2025, respectively.

Currently, the stock is trading 14.49 percent below its 52-week high and 13.95 percent above its 52-week low.

Market capitalisation stands at Rs 27,440.03 crore.

The company’s subsidiary, Emmvee Energy, has commenced operations of its 2.5 GW solar module line at its factory in Bengaluru (Unit VI), taking the total solar module manufacturing capacity to 10.3 GW.

Emmvee Photovoltaic Power was quoting at Rs 193.70, up Rs 8.85, or 4.79 percent.

It has touched an intraday high of Rs 193.95 and an intraday low of Rs 185.60.

It was trading with volumes of 71,308 shares, compared to its five day average of 372,447 shares, a decrease of -80.85 percent.

In the previous trading session, the share closed up 6.85 percent or Rs 11.85 at Rs 184.85.

The share touched a 52-week high of Rs 248.35 and a 52-week low of Rs 171.50 on 03 December, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 22.01 percent below its 52-week high and 12.94 percent above its 52-week low.

Market capitalisation stands at Rs 13,410.72 crore.

Promoter Tatravagonka AS has acquired a 0.55% stake (28.72 lakh shares) in the company for Rs 135 crore at Rs 470 per share.

Jupiter Wagons was quoting at Rs 294.75, up Rs 34.65, or 13.32 percent.

It has touched an intraday high of Rs 298.50 and an intraday low of Rs 270.05.

It was trading with volumes of 3,030,001 shares, compared to its five day average of 86,408 shares, an increase of 3,406.64 percent.

In the previous trading session, the share closed up 2.48 percent or Rs 6.30 at Rs 260.10.

The share touched a 52-week high of Rs 543.55 and a 52-week low of Rs 247.00 on 23 December, 2024 and 09 December, 2025, respectively.

Currently, the stock is trading 45.77 percent below its 52-week high and 19.33 percent above its 52-week low.

Market capitalisation stands at Rs 12,512.08 crore.

#1 Future outcomes hinge on tariff hikes, government action on Vodafone Idea & competitive intensity

#2 ARPUs are low in absolute terms but high on a PPP basis & relative to income levels

#3 Structural growth is constrained by limited reinvestment opportunities beyond maintenance capex

Bharti Airtel was quoting at Rs 2,137.90, up Rs 41.60, or 1.98 percent.

It has touched an intraday high of Rs 2,143.95 and an intraday low of Rs 2,102.40.

It was trading with volumes of 57,298 shares, compared to its five day average of 212,222 shares, a decrease of -73.00 percent.

In the previous trading session, the share closed up 0.20 percent or Rs 4.25 at Rs 2,096.30.

The share touched a 52-week high of Rs 2,174.70 and a 52-week low of Rs 1,561.00 on 21 November, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 1.69 percent below its 52-week high and 36.96 percent above its 52-week low.

Market capitalisation stands at Rs 1,240,019.89 crore.

#1 Finally announced the deal with MUFG

#2 Large capital infusion poses challenges of levering up & diluting near-term profitability Improvement in debt market comfort could potentially increase financial flexibility & business prospects

#3 Incorporate the capital infusion & raise medium-term forecasts

Shriram Finance was quoting at Rs 944.60, up Rs 42.85, or 4.75 percent. It has touched a 52-week high of Rs 946.55. It has touched an intraday high of Rs 946.55 and an intraday low of Rs 915.30.

The company, through its subsidiary International Hospital, has signed definitive agreements for the acquisition of the 125-bedded People Tree Hospital in Yeshwanthpur, Bengaluru (PTHY), via 100% acquisition of TMI Healthcare, the entity under which the PTHY business operations reside, for Rs 430 crore.

The acquisition of the adjacent land parcel of 0.8 acres provides the company with the potential to expand bed capacity to over 300 beds. An additional investment of Rs 410 crore is planned over the next three years to further augment bed infrastructure, medical equipment, and clinical programmes, including radiation oncology.

Fortis Healthcare was quoting at Rs 908.30, up Rs 17.65, or 1.98 percent. It has touched an intraday high of Rs 911.55 and an intraday low of Rs 893. It was trading with volumes of 34,874 shares, compared to its five day average of 38,380 shares, a decrease of -9.13 percent.

The Sensex was up 511.04 points or 0.60 percent at 85,440.40, and the Nifty was up 173.30 points or 0.67 percent at 26,139.70. About 2600 shares advanced, 1039 shares declined, and 191 shares unchanged.

#1 MUFG's proposed Rs 39,600 crore equity infusion for 20 percent of company would lift Tier-1 capital to 30 percent

#2 This can improve prospects of a credit rating upgrade to AAA

#3 Credit rating could boost company’s competitiveness in new CVs/MSME segments & aid growth

#4 Factoring in the capital raise, FY27–28 EPS falls 6–7 percent, but BVPS rises 25 percent/20 percent

#5 FY27–28 RoE falls to 12.9 percent/13.4 percent, a potential credit rating upgrade may partly offset this

#6 At 1.9x FY27 BV (post money), valuations seem reasonable

PVR Inox has opened a two-screen multiplex in Saboo, Leh, Ladakh, developed under its Franchise Owned Company Operated (FOCO) model.

With this launch, PVR Inox now operates the largest multiplex network with 1,774 screens across 356 properties in 112 cities in India and Sri Lanka.

PVR INOX was quoting at Rs 1,054.30, down Rs 7.05, or 0.66 percent.

It has touched an intraday high of Rs 1,066.50 and an intraday low of Rs 1,050.00.

It was trading with volumes of 12,065 shares, compared to its five day average of 21,877 shares, a decrease of -44.85 percent.

In the previous trading session, the share closed up 1.62 percent or Rs 16.90 at Rs 1,061.35.

The share touched a 52-week high of Rs 1,404.90 and a 52-week low of Rs 825.65 on 23 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 24.96 percent below its 52-week high and 27.69 percent above its 52-week low.

Market capitalisation stands at Rs 10,353.22 crore.

2025 wasn’t an easy year for Indian capital markets. Performance lagged, global peers raced ahead, and investors were reminded that even strong stories go through uncomfortable phases. But it was also a year that quietly strengthened the system — growth held up, inflation eased, external balances were manageable and domestic savings kept faith with markets.

Below the headline numbers, the market structure actually got stronger. Primary markets stayed active, the listed universe widened, domestic institutions held steady, retail participation didn’t fade, and technology-driven investing became more mainstream. In many ways, the market became broader, deeper and a little more mature.

As we step into 2026, the outlook is constructive, but with both feet on the ground. India’s growth engine, policy continuity, capex momentum and earnings visibility provide comfort. At the same time, geopolitics, slower global growth, potential unwinds in crowded trades like the AI risk trade, and shifting global yield dynamics — including developments in Japan — mean volatility will stay part of the journey.

So 2026 begins with a simple reality: India remains one of the most compelling long-term stories, but this is a market that now demands discipline, diversification and respect for global risk. A challenging 2025 may well have set the stage for a steadier and potentially mean-reverting year ahead.

#1 Company has underperformed the Sensex by 21 percent over the past three months

#2 Freight segment should continue to be a large earnings contributor over the next few years

#3 Freight segment has seen no major orders & backlog visibility is limited

#4 The passenger segment has seen healthy order inflows

TITAGARH RAIL SYSTEMS was quoting at Rs 805, up Rs 20.05, or 2.55 percent.

It has touched an intraday high of Rs 806.35 and an intraday low of Rs 779.

It was trading with volumes of 31,918 shares, compared to its five day average of 44,724 shares, a decrease of -28.63 percent.

In the previous trading session, the share closed up 1.72 percent or Rs 13.30 at Rs 784.95.

The share touched a 52-week high of Rs 1,337.50 and a 52-week low of Rs 655.30 on 23 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 39.81 percent below its 52-week high and 22.84 percent above its 52-week low.

Market capitalisation stands at Rs 10,841.24 crore.

Musalgaon Power Transmission has been incorporated as a wholly owned subsidiary of REC Power Development and Consultancy, which itself is a wholly owned subsidiary of REC.

REC was quoting at Rs 343.15, up Rs 4.10, or 1.21 percent.

It has touched an intraday high of Rs 343.85 and an intraday low of Rs 339.85.

It was trading with volumes of 61,140 shares, compared to its five day average of 252,693 shares, a decrease of -75.80 percent.

In the previous trading session, the share closed up 0.59 percent or Rs 2.00 at Rs 339.05.

The share touched a 52-week high of Rs 544.45 and a 52-week low of Rs 331.10 on 03 January, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 36.97 percent below its 52-week high and 3.64 percent above its 52-week low.

Market capitalisation stands at Rs 90,359.08 crore.

Container Freight Station (CFS) volumes in November stood at 55,300 TEUs, up 16% year-on-year and down 8% compared to the previous month.

Allcargo Logistics was quoting at Rs 11.00, up Rs 0.06, or 0.55 percent.

It has touched an intraday high of Rs 11.24 and an intraday low of Rs 10.93.

It was trading with volumes of 61,396 shares, compared to its five day average of 291,878 shares, a decrease of -78.97 percent.

In the previous trading session, the share closed up 0.92 percent or Rs 0.10 at Rs 10.94.

The share touched a 52-week high of Rs 51.97 and a 52-week low of Rs 10.80 on 23 December, 2024 and 18 December, 2025, respectively.

Currently, the stock is trading 78.83 percent below its 52-week high and 1.85 percent above its 52-week low.

Market capitalisation stands at Rs 1,081.06 crore.

Knowledge Marine & Engineering Works was quoting at Rs 1,781.10, up Rs 138.77, or 8.45 percent.

It has touched an intraday high of Rs 1,793 and an intraday low of Rs 1,611.

It was trading with volumes of 10,612 shares, compared to its five day average of 15,042 shares, a decrease of -29.45 percent.

It was trading with volumes of 10,612 shares, compared to its thirty day average of 8,298 shares, an increase of 27.88 percent.

In the previous trading session, the share closed down 5.21 percent or Rs 90.20 at Rs 1,642.33.

The share touched a 52-week high of Rs 1,877 and a 52-week low of Rs 632.50 on 16 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 5.11 percent below its 52-week high and 181.6 percent above its 52-week low.

Market capitalisation stands at Rs 2,176.87 crore.

Sammaan Capital was quoting at Rs 144.55, down Rs 0.60, or 0.41 percent.

It has touched an intraday high of Rs 146.40 and an intraday low of Rs 144.55.

It was trading with volumes of 101,487 shares, compared to its five day average of 730,137 shares, a decrease of -86.10 percent.

In the previous trading session, the share closed up 1.43 percent or Rs 2.05 at Rs 145.15.

The share touched a 52-week high of Rs 192.90 and a 52-week low of Rs 97.80 on 03 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 25.06 percent below its 52-week high and 47.8 percent above its 52-week low.

Market capitalisation stands at Rs 11,988.68 crore.

#1 MUFG bank stake at 20 percent, two non-independent directors on bd, a big positive

#2 BVPS accretion of 24 percent, RoE dilution of 3.4 percent, but RoAs can expand up to 3.7 percent

#3 Foresee a big upswing in company’s growth outlook & lift FY28 AUM growth to 20 percent from 17 percent

Shriram Finance was quoting at Rs 934.20, up Rs 32.45, or 3.60 percent.

It has touched a 52-week high of Rs 937.60.

It has touched an intraday high of Rs 937.60 and an intraday low of Rs 915.30.

It was trading with volumes of 758,019 shares, compared to its five day average of 759,127 shares, a decrease of -0.15 percent.

The shares of Hindustan Zinc jumped more than 3 percent on December 22 as silver prices soared to fresh record highs.

The shares of the Vedanta Group-company rose to a fresh 52-week high of Rs 606.70 apiece in the early trading hours of Monday. The stock has now jumped over 33 percent in the past one month. Read More

The company has received two construction work orders worth Rs 281.18 crore from its holding company, Roadway Solutions India Infra. The orders involve construction of an Access Controlled Expressway Connector to the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samrudhi Mahamarg from Jalna to Nanded in Maharashtra.

Soma Textiles and Industries was quoting at Rs 111.35, up Rs 5.30, or 5.00 percent.

It has touched an intraday high of Rs 111.35 and an intraday low of Rs 111.35.

There were pending buy orders of 24,917 shares, with no sellers available.

It was trading with volumes of 1,217 shares, compared to its five day average of 2,660 shares, a decrease of -54.25 percent.

The Sensex was up 492.25 points or 0.58 percent at 85,421.61, and the Nifty was up 167.20 points or 0.64 percent at 26,133.60. About 2513 shares advanced, 900 shares declined, and 199 shares unchanged.

Granules Pharmaceuticals Inc., a wholly owned subsidiary of Granules India, has received Tentative Approval (TA) from the US Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Amphetamine Extended-Release Orally Disintegrating Tablets in strengths of 3.1 mg, 6.3 mg, 9.4 mg, 12.5 mg, 15.7 mg, and 18.8 mg, the generic equivalent of ADZENYS XR-ODT.

It will be manufactured at Granules’ US-based facility located in Chantilly, Virginia.

Granules India was quoting at Rs 584.05, up Rs 0.75, or 0.13 percent.

Time Technoplast announced a significant technological and commercial milestone with the successful development and flight trials of an in-house hydrogen-powered drone, integrated with a Type-III Fully Wrapped Composite Hydrogen Cylinder and Hydrogen fuelcell system.

Time Technoplast was quoting at Rs 186.45, up Rs 2.35, or 1.28 percent.

It has touched an intraday high of Rs 189.85 and an intraday low of Rs 185.95.

It was trading with volumes of 17,250 shares, compared to its five day average of 67,536 shares, a decrease of -74.46 percent.

Quadrant Future Tek was quoting at Rs 313.95, up Rs 32.60, or 11.59 percent.

It has touched an intraday high of Rs 317.90 and an intraday low of Rs 290.10.

In the previous trading session, the share closed up 11.71 percent or Rs 29.50 at Rs 281.35.

The share touched a 52-week high of Rs 743.45 and a 52-week low of Rs 248.70 on 06 February, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 57.77 percent below its 52-week high and 26.24 percent above its 52-week low.

Market capitalisation stands at Rs 1,255.80 crore.

Concord Control Systems was quoting at Rs 2,411.60, up Rs 114.80, or 5 percent.

It has touched an intraday high of Rs 2,411.60 and an intraday low of Rs 2,375.

In the previous trading session, the share closed up 2.77 percent or Rs 61.85 at Rs 2,296.80.

The share touched a 52-week high of Rs 2,698 and a 52-week low of Rs 606.97 on 03 December, 2025 and 19 February, 2025, respectively.

Currently, the stock is trading 10.62 percent below its 52-week high and 297.32 percent above its 52-week low.

Market capitalisation stands at Rs 2,440.60 crore.