Closing Bell: Market snaps 4-day fall; Nifty above 25,900, Sensex jumps 448 pts

Indian equity indices ended on strong note with Nifty above 25,900 on December 19. At close, the Sensex was up 447.55 points or 0.53 percent at 84,929.36, and the Nifty was up 150.85 points or 0.58 percent at 25,966.40.

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

The Indian equity markets exhibited notable resilience over the week, despite experiencing mounting pressure until a recovery was observed in the final session. The benchmark index effectively upheld the pivotal support level of the 50-DEMA. The modest rebound observed in the most recent session has revived hopes of a potential rebound in the forthcoming week. Consequently, the ongoing contest between market forces persists, with the Nifty50 index concluding the week around 25970, representing a weekly decrease of 0.31 percent.

The index has encountered constraints on making any substantial moves, as evidenced by the Inside Bar formation on the weekly chart, which indicates a lack of robust development. The challenges near the 20 and 50 DEMA levels have been prominent; while the index has recently surpassed the 20 DEMA, we remain cautious, as we are not yet fully cleared of potential obstacles. From a technical standpoint, the 25850-25800 zone is likely to cushion any intermediate shortcoming, while the sacrosanct support is placed around the 25700 zone, which has safeguarded the benchmark over the last two weeks. On the flip side, a decisive surge beyond 26050-26100 could only provide some amount of respite to the bulls and could pave the way for the lifetime zone of 26300-26325 in the coming future.

As we proceed, it is advisable to adopt a pragmatic approach until there is greater clarity regarding prevailing trends. It is essential to focus on the key thematic drivers amid current sectoral fluctuations. Furthermore, remaining informed about global developments that may act as catalysts for our market trends is prudent, while also diligently monitoring the currency markets.

The Nifty has witnessed a breakout from a falling wedge pattern, indicating improving market sentiment. Additionally, the index has reclaimed the 21-day EMA on the daily chart. After finding support near the 50-day EMA, the index recovered towards the 26,000 mark.

Going forward, 26,000 will be a key level to watch; a decisive move above this level could propel the index towards 26,300. On the downside, immediate support is placed at 25,900, which is likely to act as the first line of defense for the Nifty.

#1 Market end largely in the red, Nifty slips 0.3%, Sensex down 0.4%

#2 Midcap index ends in the green after gains in Friday’s trade

#3 PSU Banks are biggest outperformers with sectoral index rising 1.5%

Nifty opened with a gap-up start but spent most of the session consolidating within a sideways range of 25,993–25,880. Importantly, the index rebounded from its 50-day EMA and managed a close above the downward-sloping trendline resistance on the daily chart. A similar setup was observed on 12th December, when Nifty bounced from the 50-day EMA but failed to sustain higher levels. This time as well, a strong follow-through move is crucial for the pullback to extend further on the upside.

On the sectoral front, Nifty Realty ended the day as the top sectoral gainer, followed by Nifty CPSE. On the other hand, Nifty Capital Market emerged as the lone sectoral loser. With regards to stocks, Shriram Finance and Max Health emerged as the top stock gainers amongst the Nifty pack while HCL Tech & Hindalco emerged as the top two losers.

Midcap Nifty witnessed strong buying interest near its 100-day EMA in the previous session and followed through on the positive momentum in today’s session. The index continued to move higher, reflecting improving risk appetite and selective accumulation in the midcap space.

The Smallcap Index outperformed the benchmark today, indicating relatively stronger participation. However, it still trades below its key short-term and long-term moving averages, suggesting that while momentum is mildly improving, a sustained trend reversal is yet to be confirmed.

The market breadth improved with the advance-decline ratio skewed in the favour of bulls at days close. A total of 383 stocks out of the Nifty 500 universe ended in green.

Nifty View

Going ahead, for Nifty, the previous swing high zone of 26,050-26,100 will act as important resistance. Any sustained move above the 26,100 level could trigger a pullback upto the 26,300 level, followed by 26,500. On the downside, the 50-day EMA zone of 25,800-25,750 will act as a crucial support for the index.

Bank Nifty View

Bank Nifty traded in a largely sideways manner throughout the session and continues to hover around its 20-day EMA. The index has yet to deliver a decisive close above this level and remains below the upward-sloping trendline resistance on the daily chart. Bank Nifty relatively underperformed versus the benchmark Nifty today and bank need clear strength for the sectoral momentum to improve.

Going ahead, 59,200-59,300 will act as important resistance for the index. Any sustainable move above the 59,300 level will lead to the Index pulling back higher upto the 59,700 level, followed by 60,100 level in the short term. While on the downside, the zone of 58,700-58,600 will act as an important support for the index.

Global equities rallied as US CPI undershot estimates, reinforcing expectations of a softer Fed stance despite concerns over data reliability amid the shutdown. Investors now look for signals on the Fed’s 2026 easing trajectory. Meanwhile, the BoJ raised its policy rate by 25 bps to a three-decade high, a move that could reshape global liquidity trends.

Domestically, strong global cues and bargain hunting lifted indices, with large-cap stocks leading gains. Oil prices continued to soften on oversupply concerns and subdued growth outlook. While sentiment remains constructive, near-term volatility may persist amid uncertainty over trade deal timelines and upcoming macro data releases.

On the weekly chart, the Bank Nifty index formed a doji candlestick, highlighting indecisiveness among market participants. In Friday’s session, the index once again failed to close above its 10-day SMA, keeping short-term sentiment cautious. A few more consolidation sessions are expected, with the index likely to trade in a narrow range between 58,800 and 59,500 levels. The undertone remains bearish as the index continues to stay below its short-term moving averages.

A decisive breakout above 59,500 or a breakdown below 58,800 will determine the next directional move. Immediate support is placed at 58,800, while resistance stands at 59,200 and 59,500 levels.

Indian rupee ended 60 paise higher at 89.65 per dollar on Friday versus previous close of 90.25.

Indian equity indices ended on strong note with Nifty above 25,900 on December 19.

At close, the Sensex was up 447.55 points or 0.53 percent at 84,929.36, and the Nifty was up 150.85 points or 0.58 percent at 25,966.40. About 2538 shares advanced, 1326 shares declined, and 127 shares unchanged.

Biggest Nifty gainers were Shriram Finance, Max Healthcare, Bharat Electronics, Power Grid Corp, Tata Motors Passenger Vehicles, while losers included HCL Technologies, Adani Enterprises, Hindalco, JSW Steel, Kotak Mahindra Bank.

All the sectoral indices ended in the green with auto, pharma, oil & gas, realty, telecom, healthcare rose 0.5-1 percent.

The broader indices outperformed the main indices with BSE midcap and smallcap indices rising 1 percent each.

Sundaram Finance was quoting at Rs 4,955, up Rs 180, or 3.77 percent.

It has touched an intraday high of Rs 4,955 and an intraday low of Rs 4,775.

It was trading with volumes of 1,112 shares, compared to its five day average of 1,325 shares, a decrease of -16.08 percent.

In the previous trading session, the share closed down 0.46 percent or Rs 22.15 at Rs 4,775.

The share touched a 52-week high of Rs 5,415.45 and a 52-week low of Rs 4,070.00 on 26 May, 2025 and 02 January, 2025, respectively.

Currently, the stock is trading 8.5 percent below its 52-week high and 21.74 percent above its 52-week low.

Market capitalisation stands at Rs 55,051.96 crore.

ICICI Bank was quoting at Rs 1,354.10, down Rs 2.80, or 0.21 percent.

It has touched an intraday high of Rs 1,359.85 and an intraday low of Rs 1,351.00.

It was trading with volumes of 231,594 shares, compared to its five day average of 463,426 shares, a decrease of -50.03 percent.

In the previous trading session, the share closed up 0.29 percent or Rs 3.95 at Rs 1,356.90.

The share touched a 52-week high of Rs 1,494.10 and a 52-week low of Rs 1,187.00 on 31 July, 2025 and 23 January, 2025, respectively.

Currently, the stock is trading 9.37 percent below its 52-week high and 14.08 percent above its 52-week low.

Market capitalisation stands at Rs 968,204.79 crore.

#1 Management indicated sequential improvement in RAC demand in Q3, though it may still decline YoY

#2 Inventory levels, while sequentially lower, remain elevated at 40–45 days versus 20–25 days last year

#3 Pricing strategy remains under evaluation as company assesses extent of cost pass-through

#4 RAC demand recovery & pricing developments remain key near-term triggers

Voltas was quoting at Rs 1,376.60, down Rs 25.15, or 1.79 percent.

Indian rupee erased some of the intraday gains but still trading higher at 90.14 per dollar versus previous close of 90.25.

KPIT Technologies was quoting at Rs 1,228.00, up Rs 68.30, or 5.89 percent.

It has touched an intraday high of Rs 1,228.80 and an intraday low of Rs 1,160.75.

It was trading with volumes of 50,733 shares, compared to its five day average of 42,450 shares, an increase of 19.51 percent.

In the previous trading session, the share closed down 0.80 percent or Rs 9.35 at Rs 1,159.70.

The share touched a 52-week high of Rs 1,536.15 and a 52-week low of Rs 1,020.60 on 20 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 20.06 percent below its 52-week high and 20.32 percent above its 52-week low.

Market capitalisation stands at Rs 33,664.86 crore.

The company’s joint venture has received a contract worth Rs 1,804.48 crore from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of a flyover along LBS Marg, from Kalpana Talkies, Kurla (L Ward) to Pankhe Shah Dargah, Ghatkopar West (N Ward) in the eastern suburbs. The company’s share in the project is 26 percent (Rs 469.16 crore).

GPT Infraprojects was quoting at Rs 109.35, up Rs 2.30, or 2.15 percent.

The company has received an order in normal course of business, for Turnkey Contract (Supply, Installation, Testing and Commissioning) of 11 KV 55mm2 AAAC Medium Voltage Covered Conductor (MVCC) with its accessories in jurisdiction area of DGVCL under Kishan Suryodaya Yojana (KSY) Scheme / or other scheme from Dakshin Gujarat Vij Co. Ltd (DGVCL) of Rs. 99,99,74,340.

ADVAIT ENERGY TRANSITIONS was quoting at Rs 1,503.05, up Rs 38.65, or 2.64 percent.

It has touched an intraday high of Rs 1,508 and an intraday low of Rs 1,458.

In the previous trading session, the share closed up 1.33 percent or Rs 19.20 at Rs 1,464.40.

The share touched a 52-week high of Rs 2,419 and a 52-week low of Rs 1,020 on 31 July, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 37.86 percent below its 52-week high and 47.36 percent above its 52-week low.

Market capitalisation stands at Rs 1,625.65 crore.

The company has received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the US Food and Drug Administration (US FDA) for its Biocon Generics Inc. facility in New Jersey, US.

This is based on a cGMP inspection conducted during October 6–10.

Biocon was quoting at Rs 396.15, up Rs 4.00, or 1.02 percent.

It has touched an intraday high of Rs 401.55 and an intraday low of Rs 393.50.

It was trading with volumes of 82,949 shares, compared to its five day average of 52,472 shares, an increase of 58.08 percent.

In the previous trading session, the share closed up 1.49 percent or Rs 5.75 at Rs 392.15.

The share touched a 52-week high of Rs 424.95 and a 52-week low of Rs 290.80 on 18 November, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 6.78 percent below its 52-week high and 36.23 percent above its 52-week low.

Market capitalisation stands at Rs 52,963.81 crore.

The management has declared lockout of Cement plant(s) of the company situated at Baloda Bazar, Raipur, Chhattisgarh w.e.f. 18th December, 2025 due to non co-operation of workmen.

Shree Cements was quoting at Rs 25,629.90, down Rs 70.05, or 0.27 percent.

It has touched an intraday high of Rs 25,699.45 and an intraday low of Rs 25,389.00.

It was trading with volumes of 186 shares, compared to its five day average of 236 shares, a decrease of -21.32 percent.

In the previous trading session, the share closed down 1.30 percent or Rs 338.15 at Rs 25,699.95.

The share touched a 52-week high of Rs 32,508.20 and a 52-week low of Rs 24,811.15 on 22 July, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 21.16 percent below its 52-week high and 3.3 percent above its 52-week low.

Market capitalisation stands at Rs 92,474.60 crore.

Polycab India was quoting at Rs 7,395.50, up Rs 297.55, or 4.19 percent.

It has touched an intraday high of Rs 7,406.75 and an intraday low of Rs 7,133.45.

It was trading with volumes of 64,437 shares, compared to its five day average of 43,656 shares, an increase of 47.60 percent.

In the previous trading session, the share closed up 0.27 percent or Rs 19.15 at Rs 7,097.95.

The share touched a 52-week high of Rs 7,899.50 and a 52-week low of Rs 4,557.45 on 31 October, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 6.38 percent below its 52-week high and 62.27 percent above its 52-week low.

Market capitalisation stands at Rs 111,330.73 crore.

The company has secured an order worth Rs 121.75 crore. With this, the open order position of MIDHANI currently stands at approximately Rs 2,520 crore.

Mishra Dhatu Nigam was quoting at Rs 294.50, up Rs 2.65, or 0.91 percent.

It has touched an intraday high of Rs 303.20 and an intraday low of Rs 291.65.

It was trading with volumes of 28,877 shares, compared to its five day average of 12,953 shares, an increase of 122.94 percent.

In the previous trading session, the share closed up 0.19 percent or Rs 0.55 at Rs 291.85.

The share touched a 52-week high of Rs 468.40 and a 52-week low of Rs 217.05 on 24 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 37.13 percent below its 52-week high and 35.68 percent above its 52-week low.

Market capitalisation stands at Rs 5,517.16 crore.

The Sensex was up 483.96 points or 0.57 percent at 84,965.77, and the Nifty was up 163.90 points or 0.63 percent at 25,979.45. About 2263 shares advanced, 1484 shares declined, and 149 shares unchanged.

#1 Management expects high-single-digit volume growth in Q3

#2 Supported by sequential improvement in November & December after a prolonged monsoon

#3 Pricing remains weak, especially in eastern region, with blended prices down around 3–4 percent, likely impacting quarterly margin

#4 Company reiterated its disciplined pricing strategy & avoidance of aggressive discounting

#5 Jaisalmer greenfield expansion remains a key organic growth optionality

#6 Limestone reserves acquired at a 20 percent premium & land clearances at an advanced stage

Dalmia Bharat was quoting at Rs 2,013, down Rs 10.50, or 0.52 percent.

The company has successfully commenced commercial production at India’s first maize starch–based fermentation plant for the manufacturing of Sodium Gluconate, with an installed capacity of 30,000 TPA at its Hubli, Karnataka facility.

Gujarat Ambuja Exports was quoting at Rs 119.40, up Rs 2.90, or 2.49 percent.

It has touched an intraday high of Rs 119.90 and an intraday low of Rs 116.10.

It was trading with volumes of 29,282 shares, compared to its five day average of 21,836 shares, an increase of 34.10 percent.

In the previous trading session, the share closed down 0.04 percent or Rs 0.05 at Rs 116.50.

The share touched a 52-week high of Rs 130.95 and a 52-week low of Rs 98.70 on 24 April, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 8.82 percent below its 52-week high and 20.97 percent above its 52-week low.

Market capitalisation stands at Rs 5,476.53 crore.

#1 Excess supply in flat steel in India over FY26–28 & weak earnings base likely to hurt company

#2 Upcoming capex on 4.5 mtpa IISCO expansion expected to increase debt levels

#3 Return ratios remain weak with RoE estimate at 3.2 percent, 6.4 percent & 6.5 percent for FY26, FY27 & FY28

#4 FY26, FY27 & FY28 EBITDA estimates cut by 17 percent, 13 percent & 13 percent, respectively, to reflect lower steel prices

Steel Authority of India was quoting at Rs 124.45, down Rs 2.70, or 2.12 percent.

#1 Following 23 percent YTD decline, company trades at 40x FY27 PE, around 14 percent below its 5-year historical average

#2 Management commentary remains optimistic, with expectations of Q3 performing better than Q2

#3 Channel inventory reduced over past 2 quarters to 45 days versus 25 days in q3 last year

#4 Pre-buying BY channel partners is underway ahead of new BEE norms effective Jan 1, 2026

#5 Company may evaluate further pricing actions in light of higher input costs & currency pressures

Voltas was quoting at Rs 1,369.20, down Rs 32.55, or 2.32 percent.

It has touched an intraday high of Rs 1,415.45 and an intraday low of Rs 1,366.80.

It was trading with volumes of 10,137 shares, compared to its five day average of 18,374 shares, a decrease of -44.83 percent.

In the previous trading session, the share closed up 1.57 percent or Rs 21.70 at Rs 1,401.75.

The share touched a 52-week high of Rs 1,859.65 and a 52-week low of Rs 1,135.55 on 03 January, 2025 and 01 February, 2025, respectively.

Currently, the stock is trading 26.37 percent below its 52-week high and 20.58 percent above its 52-week low.

Market capitalisation stands at Rs 45,304.74 crore.

The company’s Unit-3 factory has been established and has commenced commercial operations.

TD Power Systems was quoting at Rs 706.30, up Rs 8.85, or 1.27 percent.

It has touched an intraday high of Rs 716 and an intraday low of Rs 695.

It was trading with volumes of 32,555 shares, compared to its five day average of 25,948 shares, an increase of 25.46 percent.

In the previous trading session, the share closed down 2.71 percent or Rs 19.45 at Rs 697.45.

The share touched a 52-week high of Rs 850.05 and a 52-week low of Rs 292.85 on 03 November, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 16.91 percent below its 52-week high and 141.18 percent above its 52-week low.

Market capitalisation stands at Rs 11,033.45 crore.

ICICI Bank was quoting at Rs 1,354.20, down Rs 2.70, or 0.20 percent.

It has touched an intraday high of Rs 1,359.85 and an intraday low of Rs 1,351.

It was trading with volumes of 192,152 shares, compared to its five day average of 463,426 shares, a decrease of -58.54 percent.

In the previous trading session, the share closed up 0.29 percent or Rs 3.95 at Rs 1,356.90.

The share touched a 52-week high of Rs 1,494.10 and a 52-week low of Rs 1,187.00 on 31 July, 2025 and 23 January, 2025, respectively.

Currently, the stock is trading 9.36 percent below its 52-week high and 14.09 percent above its 52-week low.

Market capitalisation stands at Rs 968,276.29 crore.

The company has secured an order worth Rs 121.75 crore. With this, the open order position of MIDHANI currently stands at approximately Rs 2,520 crore.

Mishra Dhatu Nigam was quoting at Rs 293.60, up Rs 1.75, or 0.60 percent.

It has touched an intraday high of Rs 303.20 and an intraday low of Rs 291.65.

It was trading with volumes of 27,694 shares, compared to its five day average of 12,953 shares, an increase of 113.81 percent.

In the previous trading session, the share closed up 0.19 percent or Rs 0.55 at Rs 291.85.

The share touched a 52-week high of Rs 468.40 and a 52-week low of Rs 217.05 on 24 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 37.32 percent below its 52-week high and 35.27 percent above its 52-week low.

Market capitalisation stands at Rs 5,500.30 crore.

The Board has approved the appointment of Karthikeyan Velu as Chief Financial Officer, effective January 1, 2026, following the resignation of Akhil Garg due to his organizational movement within the Bharti Group.

Bharti Hexacom was quoting at Rs 1,772.20, up Rs 14.90, or 0.85 percent.

It has touched an intraday high of Rs 1,794.35 and an intraday low of Rs 1,757.25.

It was trading with volumes of 2,837 shares, compared to its five day average of 16,564 shares, a decrease of -82.87 percent.

In the previous trading session, the share closed down 0.11 percent or Rs 1.95 at Rs 1,757.30.

The share touched a 52-week high of Rs 2,051 and a 52-week low of Rs 1,225 on 01 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 13.59 percent below its 52-week high and 44.67 percent above its 52-week low.

Market capitalisation stands at Rs 88,610.00 crore.

The company’s subsidiary Venwind Refex Power has signed a contract for the supply of wind turbine generators for 148 MW wind power projects with a leading independent power producer.

Refex Industries was quoting at Rs 276.55, up Rs 1.15, or 0.42 percent.

It has touched an intraday high of Rs 282 and an intraday low of Rs 275.

It was trading with volumes of 118,447 shares, compared to its five day average of 1,617,536 shares, a decrease of -92.68 percent.

In the previous trading session, the share closed down 1.64 percent or Rs 4.60 at Rs 275.40.

The share touched a 52-week high of Rs 534 and a 52-week low of Rs 212 on 09 June, 2025 and 15 December, 2025, respectively.

Currently, the stock is trading 48.21 percent below its 52-week high and 30.45 percent above its 52-week low.

Market capitalisation stands at Rs 3,792.32 crore.

#1 Near-term demand remains weak due to elevated channel inventory of around 45 days

#2 Sequential improvement is expected in Q3FY26

#3 FY26 & FY27 EPS estimate cut by 12 percent & 3 percent, respectively, reflecting lower margin expectations

#4 Revenue, EBITDA & PAT CAGR assumptions for FY25–28 revised to 7 percent, 9 percent & 11 percent, respectively

Nifty Smallcap 100 is currently undergoing a corrective phase after a strong long-term uptrend and is trading around the 17,140 level. The index has witnessed notable profit-booking from its recent peak near the 19,000 zone, leading to a decline toward the 17,000 support area. However, recent price action indicates attempts to stabilize at lower levels, suggesting emerging buying interest and the possibility of short-term base formation.

From a technical perspective, the index is trading below its 20-week and 50-week exponential moving averages, reflecting near-term weakness and cautious sentiment. These moving averages, positioned in the 17,600–17,800 zone, are acting as immediate resistance levels. Meanwhile, the index continues to trade above its 100-week EMA, indicating that the broader market structure remains intact despite the ongoing correction.

A sustained weekly close above the 20-week EMA would signal early signs of strength and could attract incremental buying interest. Further confirmation of a trend reversal would come from a decisive breakout above the 50-week EMA, potentially opening the door for a stronger recovery phase.

On the downside, the 16,800–16,700 zone serves as a crucial support area and acts as an important stop-loss for positional traders. A breach below this zone could extend the correction towards the 15,765 level, which marks the swing low of May 2025 and represents a key medium-term demand zone where buying interest previously emerged.

If Nifty Smallcap 100 manages to sustain above 17,800, it could gradually move higher toward the 18,800–19,000 zone, aligning with prior swing highs and a major resistance area. Volume expansion on upward moves will be critical in validating the strength and sustainability of any recovery in the index.

#1 Recovery remains elusive amid slow demand & margin headwinds from currency, commodities & competition

#2 Cooler weather & elevated inventory levels continue to delay recovery despite GST cuts

#3 Current valuation of 40x FY27 EPS already factors in a recovery

Voltas was quoting at Rs 1,379.90, down Rs 21.85, or 1.56 percent.

It has touched an intraday high of Rs 1,415.45 and an intraday low of Rs 1,377.70.

It was trading with volumes of 8,783 shares, compared to its five day average of 18,374 shares, a decrease of -52.20 percent.

The board of directors of Shriram Finance approved entering into definitive agreements with MUFG Bank for an investment of Rs 39,618 crore ( ~ USD 4.4 billion ) in SFL through a preferential issuance of equity shares. This investment will result in MUFG Bank acquiring a 20.0 % stake on a fully diluted basis.

Shriram Finance was quoting at Rs 888.20, up Rs 19, or 2.19 percent.

It has touched a 52-week high of Rs 892.

It has touched an intraday high of Rs 892 and an intraday low of Rs 851.

It was trading with volumes of 355,230 shares, compared to its five day average of 570,912 shares, a decrease of -37.78 percent.

Indian rupee ended is trading higher at 90.19 per dollar versus previous close of 90.25.

Listing was in line with our expectation and even market mood supported the debut. Post listing the valuations now are inline with all the peers in the same business. With strong pedigree of ICICI Bank and Prudential, robust digital adoption and low concentration risk across schemes, we believe ICICI Pru AMC could command a premium valuation multiple than its peers.

Given its dominant market position and long-term tailwinds from financialization of household savings. Accordingly, we recommend investors to “HOLD allotment for the long term.”

For non-allotted investors, we advise against chasing the stock on listing day and suggest waiting for more reasonable entry levels post listing, as near-term volatility or price consolidation cannot be ruled out amid cautious market sentiment.

Vedanta was quoting at Rs 575.75, down Rs 3.30, or 0.57 percent.

It has touched an intraday high of Rs 582.20 and an intraday low of Rs 571.45.

It was trading with volumes of 210,351 shares, compared to its five day average of 1,226,375 shares, a decrease of -82.85 percent.

In the previous trading session, the share closed up 1.59 percent or Rs 9.05 at Rs 579.05.

The share touched a 52-week high of Rs 583.00 and a 52-week low of Rs 362.20 on 18 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 1.24 percent below its 52-week high and 58.96 percent above its 52-week low.

Market capitalisation stands at Rs 225,140.59 crore.

The Indian food services sector is gearing up for the next Union Budget with a cautiously optimistic view, hoping for a policy that acknowledges its significant contribution to employment and urban consumption. The industry has been running on tight margins due to high input costs, rentals, and compliance expenses and thus, the sector is anticipating a GST rationalisation, especially input tax credit benefits for organised players, which will not only improve viability but also lead to formalisation. System incentives to promote skill development, food safety upgrades, and technology adoption across supply chains also align the sector's expectations.

The sector as well the economy would benefit well if energy-efficient kitchens and waste management solutions get budgetary support as sustainability is being increasingly focused on. The industry as a whole needs the Budget to strike a balance between affordability and business sustainability, thus paving the way for long-term growth in the Indian food services sector that is undergoing rapid evolution.

The Sensex was up 382.74 points or 0.45 percent at 84,864.55, and the Nifty was up 114.85 points or 0.44 percent at 25,930.40. About 2076 shares advanced, 1524 shares declined, and 165 shares unchanged.

ICICI Prudential Asset Management Company (ICICI Pru AMC) has filed draft documents with the Securities and Exchange Board of India (SEBI) to launch two Specialized Investment Funds (SIFs). The proposed funds are the iSIF Equity Ex-Top 100 Long-Short Fund and the iSIF Hybrid Long-Short Fund. Read More

#1 Company has announced another acquisition of assets carved out by HPE in telecom services

#2 Financial impact is expected to be limited

#3 Total cash consideration stands at USD 160 million, including incentives

#4 Company has not disclosed revenue or margin details of the acquired assets

HCL Technologies was quoting at Rs 1,632.95, down Rs 28.50, or 1.72 percent.

It has touched an intraday high of Rs 1,680.80 and an intraday low of Rs 1,632.55.

It was trading with volumes of 244,637 shares, compared to its five day average of 100,931 shares, an increase of 142.38 percent.

#1 Integrated supply chain provides cost, design & efficiency edge over peers

#2 Strong growth track record supports market share expansion from around 5 percent to over 40 percent

#3 Supply chain efficiency to lift store-level EBITDA margin to around 33 percent & ROIC to 20 percent over FY26-28

Lenskart Solutions was quoting at Rs 422.20, up Rs 12.45, or 3.04 percent.

It has touched an intraday high of Rs 428.00 and an intraday low of Rs 417.95.

It was trading with volumes of 100,357 shares, compared to its five day average of 49,323 shares, an increase of 103.47 percent.

In the previous trading session, the share closed up 1.47 percent or Rs 5.95 at Rs 409.75.

The share touched a 52-week high of Rs 448.40 and a 52-week low of Rs 355.70 on 01 December, 2025 and 10 November, 2025, respectively.

Currently, the stock is trading 5.84 percent below its 52-week high and 18.7 percent above its 52-week low.

Market capitalisation stands at Rs 73,246.22 crore.

The company, through its subsidiaries Multicare Pharmaceuticals (Philippines) and MedQuimica (Brazil), has signed an exclusive licensing agreement with Neopharmed Gentili S.p.A., an Italian pharmaceutical company, for marketing and promotional rights of the gastroenterology brand Plasil (metoclopramide) in the Philippines and Brazil.

Lupin was quoting at Rs 2,120.50, up Rs 2.25, or 0.11 percent.

It has touched an intraday high of Rs 2,146.80 and an intraday low of Rs 2,120.50.

It was trading with volumes of 12,818 shares, compared to its five day average of 26,286 shares, a decrease of -51.24 percent.

In the previous trading session, the share closed up 0.24 percent or Rs 5.10 at Rs 2,118.25.

The share touched a 52-week high of Rs 2,403.45 and a 52-week low of Rs 1,774 on 02 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 11.77 percent below its 52-week high and 19.53 percent above its 52-week low.

Market capitalisation stands at Rs 96,864.19 crore.

The Sensex was up 536.88 points or 0.64 percent at 85,018.69, and the Nifty was up 146.35 points or 0.57 percent at 25,961.90. About 2209 shares advanced, 1249 shares declined, and 176 shares unchanged.

The company has awarded a Letter of Award worth USD 3.25 million to Adsun Offshore Diving Contractors for providing diving-related services onboard the vessel SEAMEC III for the Part Replacement Pipeline Project, Pipeline Replacement Project – Group A (PRP-VIII A), and DSF.

Seamec was quoting at Rs 1,015.75, up Rs 0.40, or 0.04 percent. It has touched an intraday high of Rs 1,036.70 and an intraday low of Rs 1,011.25. It was trading with volumes of 287 shares, compared to its five day average of 2,720 shares, a decrease of -89.45 percent.

Foreign portfolio investors (FPIs) have continued to withdraw from Indian equities toward the end of 2025 due to a mix of global and domestic factors rather than a an overall loss of confidence.

From a global level, higher-for-longer interest rates in the US and a stronger USD have raised the relative attractiveness of developed-market assets, reducing the risk premium for emerging markets like India. Persistent geopolitical uncertainty, trade issues, and tighter global liquidity have created a risk-off stance as we come to year end, a period when FPIs typically rebalance portfolios and lock in gains or cut risk. Domestically, overstretched equity valuations after years of outperformance have made India comparatively expensive versus other emerging markets. Concerns around fiscal pressures, policy uncertainty, and rupee volatility have also contributed.

A large part of the 2025 selling reflects rotation rather than an outright exit, with FPIs reallocating toward markets offering either deeper value or more immediate cyclical upside. Looking ahead to 2026, the outlook is more complex than a simple continuation of outflows.

While broad-based inflows may remain limited if global rates stay elevated, selective re-entry is likely, especially into sectors aligned with India’s medium-term growth drivers such as manufacturing, infrastructure, defence, capital goods, and energy transition. FPIs are expected to favour balance-sheet strength and earnings visibility, which could result in occasional spikes in volatility rather than a smooth inflow trend. 2026 will likely see flows turning opportunistic rather than uniformly bullish.

Billionbrains Garage Ventures was quoting at Rs 144.05, down Rs 0.05, or 0.03 percent.

It has touched an intraday high of Rs 146.40 and an intraday low of Rs 143.50.

Shriram Finance was quoting at Rs 858.95, down Rs 10.25, or 1.18 percent.

It has touched an intraday high of Rs 871.00 and an intraday low of Rs 856.30.

It was trading with volumes of 109,357 shares, compared to its five day average of 570,912 shares, a decrease of -80.85 percent.

In the previous trading session, the share closed up 0.66 percent or Rs 5.70 at Rs 869.20.

The share touched a 52-week high of Rs 876.25 and a 52-week low of Rs 493.60 on 18 December, 2025 and 20 January, 2025, respectively.

Currently, the stock is trading 1.97 percent below its 52-week high and 74.02 percent above its 52-week low.

Market capitalisation stands at Rs 161,599.60 crore.

Tata Elxsi was quoting at Rs 5,251.50, up Rs 237.55, or 4.74 percent.

It has touched an intraday high of Rs 5,257.15 and an intraday low of Rs 5,065.10.

It was trading with volumes of 20,951 shares, compared to its five day average of 4,825 shares, an increase of 334.25 percent.

In the previous trading session, the share closed up 0.92 percent or Rs 45.95 at Rs 5,013.95.

The share touched a 52-week high of Rs 7,322.85 and a 52-week low of Rs 4,601.05 on 20 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 28.29 percent below its 52-week high and 14.14 percent above its 52-week low.

Market capitalisation stands at Rs 32,714.34 crore.

The company’s FMCG subsidiary, Reliance Consumer Products, has acquired a majority stake in Udhaiyams Agro Foods. Reliance Consumer Products will hold a majority stake, while Udhaiyams’ erstwhile owners will retain a minority stake.

Reliance Industries was quoting at Rs 1,565.95, up Rs 21.60, or 1.40 percent.

It has touched an intraday high of Rs 1,569.20 and an intraday low of Rs 1,551.05.

It was trading with volumes of 82,283 shares, compared to its five day average of 330,134 shares, a decrease of -75.08 percent.

ICICI Prudential Asset Management Company Limited made a strong debut on the stock market, listing at a premium of around 20–22% over its issue price of 2165.

The company is among India’s leading asset management firms, backed by ICICI Bank and Prudential Plc, with a diversified presence across equity, debt, hybrid, and passive fund segments.

Its strong brand equity, consistent investment performance, and extensive distribution network have enabled it to build a resilient and scalable asset management franchise.

The IPO witnessed healthy demand across investor categories, supported by the company’s strong market position, stable cash flow generation, and high return ratios. Structural tailwinds such as increasing SIP inflows, deeper penetration of mutual funds in tier-2 and tier-3 cities, and growing preference for professionally managed investments support long-term prospects.

Short-term Investors and traders may consider booking profits after the strong listing gains, while long term investor may holding the position from a medium-to-long-term perspective, keeping a stop-loss near Rs 2350 to protect downside risk.

Apollo Micro Systems’ stepdown subsidiary IDL Explosives has been granted with Industrial License (IL) under IDR Act 1951 for manufacturing of HMX Cyclotetramethylenetetranitramine and Trinitrotoluene TNT.

Apollo Micro Systems was quoting at Rs 227.75, up Rs 1.20, or 0.53 percent.

It has touched an intraday high of Rs 231.15 and an intraday low of Rs 227.35.

It was trading with volumes of 66,983 shares, compared to its five day average of 269,940 shares, a decrease of -75.19 percent.

The management has declared lockout of Cement plant(s) of the company situated at Baloda Bazar, Raipur, Chhattisgarh w.e.f. 18th December, 2025 due to non co-operation of workmen.

Shree Cements was quoting at Rs 25,538.65, down Rs 161.30, or 0.63 percent.

It has touched an intraday high of Rs 25,699.45 and an intraday low of Rs 25,389.50.

In the previous trading session, the share closed down 1.30 percent or Rs 338.15 at Rs 25,699.95.

The share touched a 52-week high of Rs 32,508.20 and a 52-week low of Rs 24,811.15 on 22 July, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 21.44 percent below its 52-week high and 2.93 percent above its 52-week low.

Market capitalisation stands at Rs 92,145.36 crore.

Asian stocks followed gains in US equities as cooling inflation backed the case for Federal Reserve interest-rate cuts. The yen fell as traders bet the Bank of Japan will stay cautious despite raising rates Friday as expected.

Ola Electric Mobility was quoting at Rs 34.40, up Rs 3.12, or 9.97 percent.

It has touched an intraday high of Rs 34.40 and an intraday low of Rs 31.98.

There were pending buy orders of 4,802,386 shares, with no sellers available.

It was trading with volumes of 15,250,616 shares, compared to its five day average of 8,720,693 shares, an increase of 74.88 percent.

In the previous trading session, the share closed down 4.98 percent or Rs 1.64 at Rs 31.28.

The share touched a 52-week high of Rs 99.90 and a 52-week low of Rs 30.79 on 26 December, 2024 and 18 December, 2025, respectively.

Currently, the stock is trading 65.57 percent below its 52-week high and 11.72 percent above its 52-week low.

Market capitalisation stands at Rs 15,173.25 crore.

Atul was quoting at Rs 6,073.50, up Rs 267.60, or 4.61 percent.

It has touched an intraday high of Rs 6,095.80 and an intraday low of Rs 5,787.50.

It was trading with volumes of 1,447 shares, compared to its five day average of 17,136 shares, a decrease of -91.56 percent.

In the previous trading session, the share closed down 1.18 percent or Rs 69.05 at Rs 5,805.90.

The share touched a 52-week high of Rs 7,793 and a 52-week low of Rs 4,882 on 07 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 22.06 percent below its 52-week high and 24.41 percent above its 52-week low.

Market capitalisation stands at Rs 17,881.45 crore.

Gold dropped on Friday on lower-than-expected U.S. inflation figures, reducing bullion's appeal as a hedge against inflation, while a firmer dollar also put pressure on prices.

Spot gold was down 0.3% at $4,318.19 an ounce, but set to end the week 0.4% higher. U.S. gold futures fell 0.4% to $4,346.60.

Spot silver fell 0.5% to $65.10 an ounce, but appeared ‍poised to end the week 5% higher after touching an all-time high of $66.88 on Wednesday.

Zydus Lifesciences has signed an agreement with Myriad Genetics, a leader in molecular diagnostic testing and precision medicine company.

Pursuant to the Agreement, Zydus will be introducing MyRisk Hereditary Cancer Test, MyChoice HRD Plus, Homologous Recombination Deficiency (HRD) Test and Prolaris Prostate Cancer Prognostic Test to patients, clinicians, and healthcare systems across India.

Zydus Lifesciences was quoting at Rs 922.05, up Rs 8.20, or 0.90 percent.

It has touched an intraday high of Rs 929.75 and an intraday low of Rs 914.

It was trading with volumes of 13,512 shares, compared to its five day average of 13,551 shares, a decrease of -0.28 percent.

Growth of customer wealth, capital growth, employee growth all are important to me.

Many people have asked me what will change post listing. I say nothing will change as this is a business focusing on profitable growth for all and will continue to do that.

The company has signed a strategic Memorandum of Understanding (MoU) with JS Infra Solutions to explore collaboration in the asphalt and road infrastructure materials ecosystem.

Arisinfra Solutions was quoting at Rs 129.10, up Rs 1.35, or 1.06 percent.

It has touched an intraday high of Rs 129.90 and an intraday low of Rs 127.05.

The Sensex was up 496.23 points or 0.59 percent at 84,978.04, and the Nifty was up 144.25 points or 0.56 percent at 25,959.80. About 2240 shares advanced, 949 shares declined, and 174 shares unchanged.

This is a proud moment for us. It marks a significant milestone. We are overwhelmed by the response that we have gotten for this issue.

The company has received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the US Food and Drug Administration (US FDA) for its Biocon Generics Inc. facility in New Jersey, US.

This is based on a cGMP inspection conducted during October 6–10.

Biocon was quoting at Rs 400.05, up Rs 7.90, or 2.01 percent.

It has touched an intraday high of Rs 401.55 and an intraday low of Rs 393.50.

It was trading with volumes of 32,824 shares, compared to its five day average of 52,472 shares, a decrease of -37.44 percent.

Gold and silver prices edged lower on Thursday following weaker U.S. inflation data, which dampened inflation-hedge demand. Higher unemployment figures provided some support, capping losses. Silver corrected sharply from recent highs amid profit-taking by short-term traders. Persistent geopolitical risks linked to Venezuela and the Ukraine conflict continued to support safe-haven interest.

Gold has support at $4275-4245 while resistance is at $4355-4385. Silver has support at $64.40-63.75 while resistance is at $65.60-66.15. In INR terms, gold has support at Rs 1,33,850-1,33,110 while resistance is at Rs 1,35,350-1,35,970. Silver has support at Rs 2,02,450-2,00,280 and resistance at Rs 2,05,810, 2,07,270.

The company has received a work order worth Rs 322.27 crore for the four-laning of the Ponda to Bhoma section of NH-748 in Goa on an EPC mode from the Ministry of Road Transport and Highways (MoRTH).

Niraj Cement Structurals was quoting at Rs 37.90, up Rs 3.12, or 8.97 percent.

It has touched an intraday high of Rs 40.65 and an intraday low of Rs 37.82.

It was trading with volumes of 33,695 shares, compared to its five day average of 56,692 shares, a decrease of -40.56 percent.

The board of directors of Park Medi World at its meeting held today approved the acquisition of whole of existing shareholding of KP Institute of Medical Sciences.

Park Medi World was quoting at Rs 159.75, up Rs 4.35, or 2.80 percent. It has touched an intraday high of Rs 162.50 and an intraday low of Rs 155.40. The market capitalisation stands at Rs 6,900.10 crore.

Bajaj Holdings, Premier Energies, Swiggy, and Waaree Energies will be available for trading in the NSE F&O segment effective December 31.

Swiggy was quoting at Rs 411.20, up Rs 2.25, or 0.55 percent and Waaree Energies was quoting at Rs 2,958.25, up Rs 80.95, or 2.81 percent.

Bajaj Holdings & Investment was quoting at Rs 11,085.45, up Rs 144.40, or 1.32 percent and Premier Energies was quoting at Rs 902.25, up Rs 6.55, or 0.73 percent.

The Board has approved the formation of a joint venture with Coal India for setting up a coal gasification project at Western Coalfields, Maharashtra. BPCL will hold 49 percent, while Coal India will hold 51 percent in the joint venture.

Bharat Petroleum Corporation was quoting at Rs 366.25, up Rs 3.20, or 0.88 percent.

It has touched an intraday high of Rs 366.25 and an intraday low of Rs 364.

It was trading with volumes of 9,635 shares, compared to its five day average of 287,980 shares, a decrease of -96.65 percent.

Coal India was quoting at Rs 386.35, up Rs 1.10, or 0.29 percent.

It has touched an intraday high of Rs 387.25 and an intraday low of Rs 384.05.

It was trading with volumes of 23,910 shares, compared to its five day average of 359,922 shares, a decrease of -93.36 percent.

The company’s joint venture has received a contract worth Rs 1,804.48 crore from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of a flyover along LBS Marg, from Kalpana Talkies, Kurla (L Ward) to Pankhe Shah Dargah, Ghatkopar West (N Ward) in the eastern suburbs. The company’s share in the project is 26 percent (Rs 469.16 crore).

GPT Infraprojects was quoting at Rs 114.80, up Rs 7.75, or 7.24 percent.

It has touched an intraday high of Rs 121.30 and an intraday low of Rs 114.25.

It was trading with volumes of 140,148 shares, compared to its five day average of 26,378 shares, an increase of 431.30 percent.

The company is planning to invest Rs 500 crore to expand its research and development (R&D) centre dedicated to HVAC (heating, ventilation, and air conditioning) products in Punjab, to meet evolving product requirements.

Amber Enterprises India Limited was quoting at Rs 6,613.90, up Rs 27.95, or 0.42 percent.

It has touched an intraday high of Rs 6,621.00 and an intraday low of Rs 6,561.75.

It was trading with volumes of 348 shares, compared to its five day average of 8,464 shares, a decrease of -95.89 percent.