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Indices continue to witness weakens in late morning deals
Dec-26-2025

Domestic equity indices continued to witness weakness and were lower with cut of over quarter percent in late mooning deals on account of selling in Sun Pharma, Tech Mahindra, Tata Steel, TCS and HCL Technologies companies’ stocks. Moreover, markets were lower as the holiday-shortened week offered few fresh triggers for investors. Depreciation in Indian rupee against dollar too weighed down sentiments. Rupee weakened by 11 paise to 89.82 against the dollar at the Inter-bank Foreign Exchange market on account of increased demand for the American currency from importers and banks. In the stock specific development, Vikran Engineering soared on securing an EPC contract worth Rs 459 crore from NTPC Renewable Energy.

On the global front, Asian markets were trading higher amid holiday-thinned trade, though some markets remained closed for the Boxing Day holiday. Back home, on the BSE sectoral front, traders were seen piling up positions in PSU, Utilities, Power, Capital Goods and Industrials, while selling was witnessed in TECK, IT, Auto, Healthcare and Consumer Disc. 

The BSE Sensex is currently trading at 85145.95, down by 262.75 points or 0.31% after trading in a range of 85129.20 and 85378.51. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was up by 0.09%, while Small cap index down by 0.01%.

The top gaining sectoral indices on the BSE were PSU up by 0.70%, Utilities up by 0.50%, Power up by 0.46%, Capital Goods up by 0.31% and Industrials up by 0.29%, while TECK down by 0.63%, IT down by 0.59%, Auto down by 0.43%, Healthcare down by 0.31% and Consumer Disc down by 0.18% were the top losing indices on BSE.

The top gainers on the Sensex were Titan up by 1.46%, Bharat Electronics up by 1.21%, NTPC up by 0.65%, Ultratech Cement up by 0.48% and Trent up by 0.39%. On the flip side, Sun Pharma down by 1.38%, Tech Mahindra down by 1.20%, Tata Steel down by 1.03%, TCS down by 0.94% and HCL Technologies down by 0.92% were the top losers.

Meanwhile, given the bilateral free trade agreement (FTA) between India-New Zealand, the think tank GTRI has said that Indian exporters in various sectors like agriculture, petroleum, pharma, apparel, electronics and auto have potential not only to scale up shipments to New Zealand but also help the island nation reduce its dependence on China. It noted that New Zealand imported goods worth over $10 billion from China in 2024-25 as against $711 million from India. During the same period New Zealand total imports stood at $50 billion.  

GTRI highlighted that the sectors like processed foods and agri-linked products, petroleum products and industrial chemicals, pharmaceuticals and healthcare, plastics, rubber and consumer goods, textiles and apparel, electronics and electrical equipment, automobiles and transport equipment, aerospace and high-value manufacturing, furniture and lighting, possess potential to increase penetration in the island nation.

Moreover, highlighting opportunity for Indian exporters in bakery products segment, it noted that India is a significant global exporter of bakery products, exporting $602 million worth of goods worldwide and New Zealand imports around $250 million of these goods annually, yet India supplies only $6.5 million compared to $21 million from China. Further, same pattern has been seen in food preparations, where India exports $817 million goods globally, New Zealand imports $455 million, and India's share in New Zealand imports is just $7.7 million. Similar trend visible in refined petroleum products, pharmaceutical products, apparels and auto parts. GTRI noted that pairing the FTA with targeted export promotion, standards cooperation, regulatory facilitation and logistics support, remained challenge for India.

The CNX Nifty is currently trading at 26063.20, down by 78.90 points or 0.30% after trading in a range of 26057.90 and 26144.20. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Titan up by 1.36%, Bharat Electronics up by 1.21%, Cipla up by 0.61%, NTPC up by 0.47% and Adani Enterprises up by 0.46%. On the flip side, Sun Pharma down by 1.40%, Tech Mahindra down by 1.21%, Tata Steel down by 1.15%, Tata MotorsPassenger down by 1.13% and Shriram Finance down by 1.12% were the top losers.

Asian markets were trading in green; Nikkei 225 surged 298.21 points or 0.59% to 50,706.00, Taiwan Weighted added 184.04 points or 0.65% to 28,556.02. Shanghai Composite strengthened 7.92 points or 0.2% to 3,967.54, KOSPI increased 18.08 points or 0.44% to 4,126.70 and Straits Times rose 4.9 points or 0.11% to 4,641.24. 
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