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EQUITY
Post Session: Quick Review
Dec-23-2025

Indian equity benchmarks ended flat on Tuesday, pressured by selling in IT stocks and foreign institutional investors turning net sellers. Despite making a positive start, soon indices turned negative, as traders were cautious after the government data showed that India's eight key infrastructure sectors grew at a slower pace of 1.8 per cent in November. In afternoon session, markets hovered near flat lines and remained range-bound throughout the session.

Some of the important factors in trade:

India’s core infra sectors grow by 1.8% in November: Some concerns came as the Ministry of Commerce & Industry’s data showed that the output of eight key infrastructure sectors grew at a slower pace of 1.8 per cent in November 2025 as compared to 5.8 per cent in the same month last year, amid a dip in production of crude oil, natural gas, refinery products, and electricity. 

FIIs turns net sellers: Traders remained cautious as exchange data showed foreign institutional investors (FIIs) returned to selling mode, offloading Rs 457 crore worth of Indian equities on Monday.  

India at advanced stage of talks on bilateral trade pact with US: Traders took note of Commerce and Industry Minister Piyush Goyal’s statement that India is at an advanced stage of negotiations for a bilateral trade agreement with the US. 

Global front: European markets were trading mostly in green, amid hopes of further interest rate cuts by Federal Reserve in 2026 and renewed optimism about technology stocks. Asian markets ended mostly in green tracking Wall Street's gains on Monday.

The BSE Sensex ended at 85524.84, down by 42.64 points or 0.05% after trading in a range of 85342.99 and 85704.93. There were 13 stocks advancing against 17 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index rose 0.07%, while Small cap index was up by 0.38%. (Provisional)

The top gaining sectoral indices on the BSE were Basic Materials up by 0.68%, Utilities up by 0.59%, PSU up by 0.56%, Metal up by 0.52% and FMCG up by 0.48%, while TECK down by 0.79%, IT down by 0.71%, Healthcare down by 0.22%, Realty down by 0.21% and Consumer Durables down by 0.10% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were ITC up by 1.43%, Ultratech Cement up by 1.15%, Tata Steel up by 0.95%, HDFC Bank up by 0.94% and NTPC up by 0.78%. On the flip side, Infosys down by 1.45%, Tech Mahindra down by 1.02%, Bharti Airtel down by 0.97%, Adani Ports and Special Economic Zone down by 0.95% and Sun Pharma down by 0.93% were the top losers. (Provisional)

Meanwhile, after conclusion of negotiations for the free trade agreement (FTA) between the India-New Zealand, Commerce and Industry Minister Piyush Goyal has said with an aim to formally start the negotiations for FTA, India and Canada will soon start discussions on the Terms of Reference (ToR). Earlier, both the countries were negotiating a trade pact, but it was put on hold by Canada in 2023. 

The ToR outline the scope and modalities of a proposed trade pact. Both sides have appointed their chief negotiators for the trade pact negotiations. Joint Secretary in the Department of Commerce Brij Mohan Mishra is the chief negotiator from the Indian side. Bruce Christie is Canada's chief negotiator.

India's exports to Canada rose 9.8% to $4.22 billion in 2024-25 from $3.84 billion in 2023-24. However, imports declined 2.33% to $4.44 billion in the last fiscal from $4.55 billion in 2023-24. Bilateral trade in goods and services between India and Canada stood at $18.38 billion in 2023. There are about 2.9 million Indian diaspora and over 4,27,000 Indian students in Canada. So far, Goyal said the country has finalized FTAs with three members of the Five Eyes (FVEY) alliance - Australia, UK and New Zealand. The five countries of the intelligence sharing network are Australia, Canada, New Zealand, the UK, and the US. He also noted that the country is at an advanced stage of negotiations for a bilateral trade agreement with the US.

The CNX Nifty ended at 26177.15, up by 4.75 points or 0.02% after trading in a range of 26119.05 and 26233.55. There were 26 stocks advancing against 24 stocks declining on the index. (Provisional)

The top gainers on Nifty were Coal India up by 3.66%, Shriram Finance up by 2.45%, Ultratech Cement up by 1.27%, ITC up by 1.15% and Tata Motors Passenger up by 1.14%. On the flip side, Infosys down by 1.26%, Bharti Airtel down by 1.15%, Adani Ports and Special Economic Zone down by 1.00%, Tech Mahindra down by 0.83% and Eternal down by 0.82% were the top losers. (Provisional)

European markets were trading mostly in green; Germany’s DAX gained 113.03 points or 0.46% to 24,397.00 and UK’s FTSE 100 increased 6.95 points or 0.07% to 9,872.92, while France’s CAC fell 9.27 points or 0.11% to 8,111.80.

Asian markets settled mostly higher on Tuesday tracking Wall Street’s gains overnight with continued strength among technology shares, while expectations of further monetary easing in 2026 by the Federal Reserve also supported sentiments. Investors were awaiting key US economic data releases due later today, including the US Gross Domestic Product (GDP) Annualized for Q3 and the Q3 Core Personal Consumption Expenditures (PCE). Chinese shares gained marginally on renewed optimism in the semiconductor sector after reports that US tech giant Nvidia plans to begin shipping its second-most powerful AI chips to Chinese clients ahead of the Lunar New Year. Meanwhile, Japan’s Nikkei ended flat as investors adopted a cautious stance ahead of the government’s finalization of the fiscal 2026 draft budget on Friday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,919.98

2.62

0.07

Hang Seng

25,774.14

-27.63

-0.11

Jakarta Composite

8,584.78

-61.06

-0.71

KLSE Composite

1,676.64

5.35

0.32

Nikkei 225

50,412.87

10.48

0.02

Straits Times

4,638.97

28.68

0.62

KOSPI Composite

4,117.32

11.39

0.28

Taiwan Weighted

28,310.47

160.83

0.57
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