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Key gauges trade flat with positive bias in morning deals
Dec-30-2025

Indian equity benchmarks were trading flat with positive bias in morning deals, amid thin year-end volumes. Traders took some support with the Reserve Bank of India’s report stated that commercial banks maintained robust performance in 2024-25, with the gross non-performing assets (GNPA) ratio declining to a multi-decadal low of 2.2 per cent at March-end. Traders took note of report that the government said it plans to borrow Rs 3.84 lakh crore from short-term treasury bills spread over 12 weeks during the fourth quarter of the current financial year to meet short-term funding requirements. However, persistent foreign fund outflows and a muted trend in global equities dented investors' sentiment. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,759.89 crore on Monday, according to exchange data. On the global front, Asian markets are trading mostly in red, tracking overnight weak close on Wall Street amid concerns surrounding valuations of AI related stocks, and geopolitical tensions following China's military exercises around Taiwan, and Ukraine's drone strikes near Russian President Vladimir Putin's residence.

The BSE Sensex is currently trading at 84770.43, up by 74.89 points or 0.09% after trading in a range of 84470.94 and 84788.57. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.01%, while Small cap index was down by 0.13%.

The top gaining sectoral indices on the BSE were Auto up by 0.84%, Metal up by 0.68%, Oil & Gas up by 0.50%, Energy up by 0.37% and Telecom up by 0.26%, while Realty down by 0.34%, Capital Goods down by 0.33%, Healthcare down by 0.25%, IT down by 0.24% and Industrials down by 0.15% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 1.45%, Adani Ports &SEZ up by 0.84%, Bharti Airtel up by 0.79%, Axis Bank up by 0.68% and Maruti Suzuki up by 0.53%. On the flip side, Eternal down by 1.24%, Interglobe Aviation down by 1.14%, Bajaj Finserv down by 0.99%, Bajaj Finance down by 0.48% and Infosys down by 0.47% were the top losers.

Meanwhile, ratings agency ICRA has said that the domestic aviation industry is expected to incur a net loss of around Rs 17,000-18,000 crore in the current fiscal year (FY26) on account of a likely lower passenger traffic, among other factors. Earlier, the industry was projected to post a loss of Rs 9,500-10,500 crore in FY26. ICRA has lowered its forecast for domestic air passenger traffic growth to 0-3 percent in the current fiscal year against its earlier projection of 4-6 per cent on account of multiple factors, including Air India Boeing 787-8 plane crash in June this year and thousands of flights cancellations by IndiGo earlier this month, among others. 

It also said this revision reflects a slower-than-expected traffic growth in April-November period of FY26, which was affected by cross-border escalations that affected flight disruptions and cancellations during the year, along with the (Air India) aircraft accident tragedy in June, which made travellers hesitant, particularly in the period right after the accident. The ratings agency also mentioned that it reflects the impact on business travel on account of challenges arising from US tariffs.

It said the domestic air passenger traffic for November 2025 was estimated at 1.54-crore, 8.4 per cent higher than 1.42-crore in November 2024 and 10.1 per cent higher than 1.40 crore in October 2025. Besides, it has lowered its forecast for international air passenger traffic growth for Indian carriers for this fiscal year to 7-9 per cent from its earlier projection of 13-15 per cent.

The CNX Nifty is currently trading at 25965.10, up by 23.00 points or 0.09% after trading in a range of 25878.00 and 25970.60. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 1.50%, Tata Motors Passenger up by 1.21%, Hindalco up by 1.20%, Shriram Finance up by 1.14% and Bajaj Auto up by 1.07%. On the flip side, Eternal down by 1.29%, Tata Consumer Product down by 1.18%, Interglobe Aviation down by 1.15%, Bajaj Finserv down by 1.08% and Max Healthcare Inst down by 0.84% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 70.92 points or 0.14% to 50,456.00, Taiwan Weighted lost 58.97 points or 0.2% to 28,751.92, Jakarta Composite plunged 30.17 points or 0.35% to 8,614.09, Shanghai Composite weakened 2.81 points or 0.07% to 3,962.47 and KOSPI dropped 3.35 points or 0.08% to 4,217.21.

On the flip side, Hang Seng advanced 89.77 points or 0.35% to 25,725.00 and Straits Times rose 25.85 points or 0.56% to 4,659.49. 
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