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Markets end higher amid strong global cues
Dec-19-2025

Snapping 4-day losing run, Indian equity benchmarks ended higher on Friday in tandem with a rally in global markets as a lower-than-expected US consumer price inflation data for November reinforced expectations of further interest rate cuts by the Federal Reserve. Fresh foreign fund inflows along with a pullback in the Indian Rupee also drove the markets higher. 

Some of the important factors in trade:

India signs CEPA with Oman: India and Oman signed a free trade agreement, which will provide duty free access to 98 per cent of India's exports including textiles, agri and leather goods in Oman. On the other hand, India will reduce tariffs on Omanese products such as dates, marbles and petrochemical items. 

Net direct tax collection grows 8%: The income tax department data showed net direct tax collection grew 8 per cent to over Rs 17.04 lakh crore between April 1-December 17 as refund issuances slowed.

Rupee strengthens against US dollar: Indian rupee appreciated against the U.S. dollar, supported by corporate dollar inflows and easing crude oil prices. 

India's trade deficit with China may reach $106 billion in 2025: Think tank GTRI said India's trade deficit with China is expected to reach $106 billion in 2025 as imports are rising faster than the country's exports to the neighbouring country. 

Global front: European markets were trading higher a day after the European Central Bank and Bank of England issued hawkish signals on the outlook for their rate paths. Asian markets settled mostly higher as concerns over artificial intelligence spending and valuations eased, and signs of cooling U.S. inflation bolstered expectations of looser U.S. monetary policy next year. 

Finally, the BSE Sensex rose 447.55 points or 0.53% to 84,929.36 and the CNX Nifty was up by 150.85 points or 0.58% to 25,966.40.       

The BSE Sensex touched high and low of 85,067.50 and 84,734.96 respectively. There were 26 stocks advancing against 4 stocks declining on the index.  

The broader indices ended in green; the BSE Mid cap index rose 1.26%, while Small cap index was up by 1.25%.

The top gaining sectoral indices on the BSE were Realty up by 1.68%, Capital Goods up by 1.65%, Telecom up by 1.54%, Industrials up by 1.49% and Utilities up by 1.25%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Bharat Electronics up by 2.37%, Power Grid Corporation up by 2.25%, Tata Motors Passenger up by 1.98%, Asian Paints up by 1.41% and Reliance Industries up by 1.34%. On the flip side, HCL Technologies down by 1.14%, Kotak Mahindra Bank down by 0.27%, ICICI Bank down by 0.20% and Sun Pharma down by 0.02% were the top losers.

Meanwhile, the NCAER-Prosus in its report titled 'Impact of Food Delivery Platform on the Indian Economy: GDP, Employment and Taxes' has said that India's food delivery platform sector generated Rs 1.2 lakh crore in gross output in 2023-24 and has been growing faster than the overall economy, making it a strong engine of economic growth. The report highlighted that direct employment in the sector increased from 1.08 million workers in 2021-22 to 1.37 million workers in 2023-24. This formed a 0.2 per cent share of total workers in both 2021-22 and 2023-24. It mentioned employment in the sector rose at a CAGR of 12.3 per cent between 2021-22 and 2023-24, compared to all-India CAGR of 7.9 per cent. 

In terms of multiplier effect, it stated that for production worth Rs 1 million (Rs 10 lakh) in the food delivery platform sector, it generated production worth Rs 2.05 million (Rs 25 lakh) in the entire economy in 2021-22. Similarly, for every Rs 1 million (Rs 10 lakh) of income generated in the food delivery food delivery sector, it generated Rs 2.48 million (Rs 24.8 lakh) in the entire economy in 2023-24.

Further, in terms of the tax multiplier, it said every Rs 1 million worth of production in the food delivery platform sector generated Rs 40,000 in taxes in 2023–24. As for employment, it said for production worth Rs 1 million in the food delivery platform sector, it created 3 jobs across the economy in 2023–24. Moreover, for production worth Rs 1 million in the food delivery platform sector, it generated Rs 0.7 million in the economy through consumption channels.

CNX Nifty touched high and low of 25,993.35 and 25,880.45 respectively. There were 41 stocks advancing against 9 stocks declining on the index.    

The top gainers on Nifty were Shriram Finance up by 4.10%, Max Healthcare up by 2.62%, Bharat Electronics up by 2.49%, Tata Motors Passenger up by 2.43% and Power Grid Corporation up by 2.05%. On the flip side, HCL Technologies down by 1.18%, Hindalco down by 0.34%, Kotak Mahindra Bank down by 0.23%, JSW Steel down by 0.20% and ICICI Bank down by 0.18% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 0.03 points or 0% to 9,837.80, France’s CAC rose 4.46 points or 0.05% to 8,155.10 and Germany’s DAX gained 82.3 points or 0.34% to 24,281.80.

Asian markets settled mostly higher on Friday tracking Wall Street’s gains overnight after softer-than-expected November inflation data leaving potentially more room for the Fed to cut interest rates as the US job market slows, while blockbuster earnings from chip firm Micron helped soothe nerves over a tech bubble. Japanese shares gained, the yen weakened and Japan's 10-year government bond yield jumped to a 26-year peak after the Bank of Japan raised its key policy rate 25 bps to 0.75 percent as expected, its highest level since September 1995.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,890.45

14.08

0.36

Hang Seng

25,690.53

192.40

0.75

Jakarta Composite

8,609.55

-8.65

-0.10

KLSE Composite

1,665.90

19.00

1.15

Nikkei 225

49,507.21

505.71

1.03

Straits Times

4,569.78

-0.83

-0.02

KOSPI Composite

4,020.55

26.04

0.65

Taiwan Weighted

27,696.35

227.82

0.83
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