HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets relinquish gains to trade lower in late afternoon session
Dec-24-2025

Indian equity markets relinquished all gains to trade lower in late afternoon session as traders opted to cash in some profit following the recent gains made by the markets. Further, continued selling by Foreign institutional investors (FIIs) also weighed on trading sentiments. FIIs were the net seller of equities worth Rs 1,794.80 crore on Tuesday’s trade. However, downside remained capped as investors sought clues on long awaited bilateral trade deal between India and the US. Commerce Secretary Rajesh Agrawal has expressed optimism over early conclusion of India-US trade talks in a manner that restores deeper market access for domestic exporters. He also said that India is actively engaged in trade discussions with the US.

On the global front, Asian equity markets were trading mixed, mostly on thin volumes as traders stayed away on the sidelines ahead of Christmas holidays. 

The BSE Sensex is currently trading at 85351.03, down by 173.81 points or 0.20% after trading in a range of 85350.57 and 85738.18. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.31%, while Small cap index was down by 0.05%.

The few gaining sectoral indices on the BSE were Telecom up by 0.44%, Realty up by 0.07% and Basic Materials up by 0.06%, while Oil & Gas down by 0.86%, Energy down by 0.65%, IT down by 0.53%, FMCG down by 0.47% and Healthcare down by 0.34% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 2.11%, Ultratech Cement up by 0.84%, Maruti Suzuki up by 0.77%, Mahindra & Mahindra up by 0.53% and Bajaj Finance up by 0.36%. On the flip side, Interglobe Aviation down by 1.88%, Sun Pharmaceutical Industries down by 1.24%, Reliance Industries down by 1.00%, Bajaj Finserv down by 0.98% and Asian Paints down by 0.82% were the top losers.

Meanwhile, Chief Economic Advisor (CEA) V Anantha Nageswaran said while all Gross Domestic Product (GDP) estimation methodologies have inherent limitations, there is a need to change the mindset that India’s methods of estimating GDP are inferior. In the context of persisting concerns in certain quarters about the country's GDP numbers, he pointed out that concerns are raised only when GDP numbers are strong, but remain silent when data disappoint on the downside.   

CEA said ‘it is not as if the Indian GDP numbers are overstating the GDP case but unfortunately, all these... under-informed or half-baked questions are left deliberately hanging so as to sow the seeds of doubt in people, and it does not necessarily serve any purpose because they are not rigorous’. 

Delving deep into the concept of estimations, he said that sometimes, there might be a need to fall in line with international practices so that a country's figures like GDP, inflation, etc. can be meaningfully compared to others. He was addressing various stakeholders at the pre-release consultative workshop on base revision of CPI, GDP and IIP organised by the Ministry of Statistics and Programme Implementation in the national capital.  

The CNX Nifty is currently trading at 26136.55, down by 40.60 points or 0.16% after trading in a range of 26123.90 and 26236.40. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were Trent up by 2.22%, Shriram Finance up by 1.39%, Apollo Hospitals Enterprise up by 1.38%, Ultratech Cement up by 0.79% and Max Healthcare Institute up by 0.69%. On the flip side, Interglobe Aviation down by 1.89%, Wipro down by 1.32%, Sun Pharmaceutical Industries down by 1.24%, Dr. Reddy's Laboratories down by 1.22% and Tata Motors Passenger Vehicle down by 1.06% were the top losers.

Asian equity markets were trading mixed; Taiwan Weighted added 61.51 points or 0.22% to 28,371.98, Hang Seng advanced 47.86 points or 0.19% to 25,822.00 and Shanghai Composite strengthened 20.97 points or 0.53% to 3,940.95, while Nikkei 225 slipped 52.87 points or 0.1% to 50,360.00, KOSPI dropped 8.70 points or 0.21% to 4,108.62, Straits Times fell 2.63 points or 0.06% to 4,636.34 and Jakarta Composite plunged 47.02 points or 0.55% to 8,537.76.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.