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Bourses trade with losses in early afternoon session
Dec-29-2025

Indian markets continued to trade with losses in early afternoon session. Traders avoided to take risk ahead of F&O December series expiry.  As for broader indices, the BSE Mid cap index and Small cap index traded in red. Traders overlooked the report that the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia has expressed hopes that in year 2026, FDI likely to cross the last year's all-time high of $80.62 billion. Sector wise, automobile sector remained in limelight as credit rating agency ICRA in its latest report has projected that wholesale volume of tractors to rise 15-17 per cent in the current financial year 2025-26 (FY26), sharply higher from its previous estimate of 8-10 per cent, on the back of supportive factors, including GST rate cut, which enhanced affordability for farmers.

On the global front, Asian markets were trading mostly in green ahead of Federal Open Market Committee (FOMC) meetings due on December 31. 

The BSE Sensex is currently trading at 84758.51, down by 282.94 points or 0.33% after trading in a range of 84745.59 and 85250.00. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was declined 0.49%, while Small cap index was down by 0.58%.

The few gaining sectoral indices on the BSE were Metal up by 0.23%, Oil & Gas up by 0.18% and Basic Materials was up by 0.13%,  while Utilities down by 0.89%, Power down by 0.78%, IT down by 0.74%, TECK down by 0.63% and Realty was down by 0.60% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 2.13%, Eternal up by 0.80%, Titan Company up by 0.55%, Mahindra & Mahindra up by 0.36% and Sun Pharma up by 0.31%. On the flip side, Power Grid down by 1.66%, Adani Ports down by 1.48%, Trent down by 1.07%, Infosys down by 0.82% and TCS down by 0.78% were the top losers.

Meanwhile, Ministry of Ports, Shipping & Waterways (MoPSW) has notified the operational guidelines for two major shipbuilding initiatives--the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), with a total outlay of over Rs 44,700 crore. The two initiatives aimed at strengthening India’s domestic shipbuilding capacity and improving global competitiveness. The approved guidelines lay down a transparent and accountable framework for implementation. Both SBFAS and SbDS will remain valid until March 31, 2036, with an in-principle extension envisaged up to 2047. Together, the schemes are expected to generate employment, promote indigenous technology development and strengthen India’s maritime security and economic resilience. 

Under SBFAS, which has a total corpus of Rs 24,736 crore, the government will provide financial assistance ranging from 15% to 25% per vessel, depending on the vessel category. The scheme introduces graded support for small normal, large normal and specialised vessels, with stage-wise disbursement linked to defined milestones and backed by security instruments. Incentives for series orders are also included. The scheme provides for the establishment of a National Shipbuilding Mission to ensure coordinated planning and execution of shipbuilding initiatives. It also introduces a Shipbreaking Credit Note, under which ship owners scrapping vessels at Indian yards will receive a credit equivalent to 40% of the scrap value, linking ship recycling with new ship construction and supporting a circular economy approach. Independent valuation and milestone-based assessments have been made mandatory to strengthen governance and ensure efficient use of public funds. Over the next decade, SBFAS is expected to support shipbuilding projects worth about Rs 96,000 crore, stimulate domestic manufacturing and generate employment across the maritime value chain.

The SbDS, with a budgetary outlay of Rs 19,989 crore, focuses on long-term capacity and capability creation. The scheme provides for the development of greenfield shipbuilding clusters, expansion and modernisation of existing brownfield shipyards, and the establishment of an India Ship Technology Centre under the Indian Maritime University to support research, design, innovation and skills development. Under SbDS, greenfield shipbuilding clusters will receive 100% capital support for common maritime and internal infrastructure through a 50:50 Centre-State special purpose vehicle, while existing shipyards will be eligible for 25% capital assistance for brownfield expansion of critical infrastructure such as dry docks, shiplifts, fabrication facilities and automation systems. Disbursements will be milestone-based and monitored by independent evaluation agencies. The scheme also includes a Credit Risk Coverage Framework, offering government-backed insurance for pre-shipment, post-shipment and vendor-default risks to improve project bankability and financial resilience.

The CNX Nifty is currently trading at 25964.60, down by 77.70 points or 0.30% after trading in a range of 25961.65 and 26106.80. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 2.13%, Tata Consumer up by 1.63%, Nestle up by 0.87%, ONGC up by 0.84% and Eternal up by 0.75%. On the flip side, Power Grid down by 1.60%, Adani Ports down by 1.46%, Trent down by 1.12%, JIO Financial down by 0.93% and Infosys down by 0.84% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted added 254.87 points or 0.88% to 28,810.89, KOSPI increased 90.88 points or 2.15% to 4,220.56, Jakarta Composite gained 83.7 points or 0.98% to 8,621.61, Straits Times rose 2.27 points or 0.05% to 4,638.42 and Shanghai Composite was up by 1.6 points or 0.04% to 3,965.28. On the flip side, Hang Seng declined 137.93 points or 0.53% to 25,681.00 and Nikkei 225 was down by 331.39 points or 0.66% to 50,419.00.
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