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Bourses continue gaining momentum in early afternoon session
Jan-02-2026

Indian markets continued their gaining momentum in early afternoon session as traders preferred to buy fundamental strong stocks. Some support came as government data has showed that Gross Goods and Services Tax (GST) collection increased by 6.1% to Rs 1,74,550 crore in December 2025 as compared to Rs 1,64,556 crore collected in December 2024. Traders overlooked report that India's manufacturing industry witnessed a slowdown in the growth during the month of December, on the back of competitive pressures and subdued sales of specific items. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased to 55.0 in December 2025 from 56.6 in November 2025, signalling the weakest improvement in the health of the sector in two years. On the global front, Asian markets were trading in green after ending last day of 2025 on a subdued note.

The BSE Sensex is currently trading at 85653.51, up by 464.91 points or 0.55% after trading in a range of 85068.88 and 85661.09. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.79%, while Small cap index up by 0.67%.

The top gaining sectoral indices on the BSE were Utilities up by 2.04%, Power up by 1.58%, PSU up by 1.34%, Auto up by 1.15% and Energy was up by 1.11%, while FMCG down by 1.13% were the only losing indice on BSE.

The top gainers on the Sensex were NTPC up by 3.49%, Trent up by 2.87%, Bajaj Finance up by 2.04%, Maruti Suzuki up by 1.53% and Mahindra & Mahindra up by 1.04%. On the flip side, ITC down by 3.86%, Bharti Airtel down by 0.38%, Titan Company down by 0.21%, Ultratech Cement down by 0.20% and Axis Bank down by 0.04% were the top losers.

Meanwhile, India's manufacturing industry witnessed a slowdown in the growth during the month of December, on the back of competitive pressures and subdued sales of specific items. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased to 55.0 in December 2025 from 56.6 in November 2025, signalling the weakest improvement in the health of the sector in two years. However, the latest reading remains comfortably above the neutral mark of 50.0. 

The report further said that intakes of new work rose at a sharp rate, albeit one that was the weakest since December 2023. Similarly, output levels expanded at the slowest pace since October 2022. Part of the slowdown in total sales reflected a softer increase in international orders. New export orders rose to the least extent in 14 months. Where growth was signalled, panellists cited better demand from clients in Asia, Europe and the Middle East. A softer increase in new business intakes prompted companies to limit the extent to which inputs were purchased. Buying levels still rose substantially, but the rate of growth retreated to a two-year low.

It further said December data indicated another increase in input costs at Indian manufacturers, which they attributed to greater prices for bamboo, chemicals, glass, leather and packaging. Little-changed from November, however, the rate of inflation was below its long-run average and among the lowest seen in 2025. Output prices likewise increased at a softer pace, one that was the least pronounced in nine months.

The CNX Nifty is currently trading at 26295.35, up by 148.80 points or 0.57% after trading in a range of 26118.40 and 26298.70. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Coal India up by 4.76%, NTPC up by 3.51%, Trent up by 3.02%, Hindalco up by 2.26% and JIO Financial up by 1.84%. On the flip side, ITC down by 3.79%, Nestle down by 1.25%, Shriram Finance down by 0.39%, Tata Consumer down by 0.38% and Bharti Airtel down by 0.36% were the top losers.

Asian markets were trading in green; Hang Seng advanced 656.46 points or 2.56% to 26,287.00, Taiwan Weighted added 386.21 points or 1.32% to 29,349.81, KOSPI increased 95.46 points or 2.22% to 4,309.63, Jakarta Composite gained 77.96 points or 0.89% to 8,724.90 and Straits Times was up by 20.56 points or 0.44% to 4,666.77.
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