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Benchmarks continue firm trade in morning deals
Dec-22-2025

Indian equity benchmarks continued their trade in green in morning session as investors' sentiment remained positive amid foreign fund inflows and a rally in global markets. Foreign Institutional Investors (FIIs) bought equities worth Rs 1,830.89 crore on Friday, according to exchange data. Sentiments remained positive with Commerce and Industry Minister Piyush Goyal’s statement that India and Oman will endeavour to implement the India-Oman free trade agreement, signed on December 18, within the next three months. Traders took a note of the Global Trade Research Initiative (GTRI) stated that India and New Zealand should look to double bilateral trade in the next five years by lowering import taxes on some goods and working more closely in areas like agriculture. It stated more direct flights, easier visa rules and mutual recognition of professional qualifications, particularly in IT, healthcare, and aviation, would help increase trade in services. On the global front, Asian markets were trading higher as optimism about more monetary easing by the US Fed following soft inflation data continued to lift the markets.

The BSE Sensex is currently trading at 85395.51, up by 466.15 points or 0.55% after trading in a range of 85145.86 and 85461.19. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.74%, while Small cap index was up by 0.88%.

The top gaining sectoral indices on the BSE were Metal up by 1.60%, TECK up by 1.49%, IT up by 1.40%, Basic Materials up by 1.09% and Capital Goods up by 1.00%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Infosys up by 2.13%, Bharti Airtel up by 1.89%, Trent up by 1.83%, Tech Mahindra up by 1.65% and Tata Steel up by 1.39%. On the flip side, Ultratech Cement down by 0.44%, Axis Bank down by 0.10%, SBI down by 0.06%, Interglobe Aviation down by 0.04% and Power Grid Corporation down by 0.04% were the top losers.

Meanwhile, the Global Trade Research Initiative (GTRI) has said that India and New Zealand should look to double bilateral trade in the next five years by lowering import taxes on some goods and working more closely in areas like agriculture. It stated more direct flights, easier visa rules and mutual recognition of professional qualifications, particularly in IT, healthcare, and aviation, would help increase trade in services. GTRI Founder Ajay Srivastava said ‘Both countries could set a target to double two-way trade within five years through early tariff relief on select products, business delegations and sectoral cooperation in agriculture, forestry, fintech and education.’ 

India and New Zealand are set to announce the conclusion of negotiations on a comprehensive free-trade agreement, talks for which began in 2010, then stalled in 2015 after nine rounds, and were revived again this year. The first round of talks held on May 5-9 this year. Srivastava said the pact will focus on reducing tariffs on goods, improving access in services and strengthening trade facilitation, while protecting policy space in politically sensitive areas, especially dairy. 

Moreover, he said under the deal, tariffs are expected to be eliminated or sharply reduced on many industrial products, textiles, engineering goods, fuels and some agricultural items, with sensitive farm products are expected to be protected through exclusion lists, tariff-rate quotas and long phase-out periods. He also said that service commitments are expected to deepen cooperation in IT, business services, education, and digital trade, along with measures on customs facilitation, standards, MSMEs, sustainability, and dispute settlement. In FY25, the bilateral trade was about $1.3 billion (India's exports $711.1 million and imports $587.1 million). New Zealand's average import tariff is just 2.3 per cent, compared with India's 17.8 per cent, and 58.3 per cent of New Zealand's tariff lines are already duty-free.

The CNX Nifty is currently trading at 26128.40, up by 162.00 points or 0.62% after trading in a range of 26047.80 and 26142.00. There were 41 stocks advancing against 7 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 3.57%, Wipro up by 2.71%, Infosys up by 2.21%, Bharti Airtel up by 1.92% and Trent up by 1.80%. On the flip side, Ultratech Cement down by 0.51%, Interglobe Aviation down by 0.19%, Nestle down by 0.13%, SBI down by 0.12% and Coal India down by 0.10% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 958.79 points or 1.94% to 50,466.00, Taiwan Weighted added 449.5 points or 1.62% to 28,145.85, Jakarta Composite gained 16.11 points or 0.19% to 8,625.66, Shanghai Composite strengthened 24.11 points or 0.62% to 3,914.56, KOSPI increased 71.75 points or 1.78% to 4,092.30, Hang Seng advanced 64.47 points or 0.25% to 25,755.00 and Straits Times rose 35.77 points or 0.78% to 4,605.55.
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