Markets anticipate a flat-to-positive opening on the final trading day of 2025, supported by a potential gap-up in GIFT Nifty, though tempered by persistent FII outflows.

Key Themes & Picks

• GIFT Nifty signals a gap-up opening despite mixed global cues.

• Metals, banking, and autos lead on demand and festive tailwinds.

• Key picks: Tata Steel, Bajaj Auto, and Indian Bank highlighted.

• Persistent FII outflows for six sessions cap broader upside.

• Overall sentiment leans bullish in cyclical sectors.

The Indian markets closed marginally lower on December 30, 2025, in thin year-end trading amid persistent foreign fund outflows and holiday-shortened volumes, reflecting cautious sentiment. Key themes centered on India's milestone of becoming the world's fourth-largest economy, strong macroeconomic performance with high growth and low inflation, and pre-Budget consultations for sustained expansion. International cues from the US remained subdued with slight declines in major indices.

• India surpasses Japan to become fourth-largest economy at $4.18 trillion GDP.
• PM Modi holds pre-Budget meeting with economists on growth strategies.
• Markets end flat to lower amid low volumes and FII selling pressure.

Markets anticipate a subdued, flat-to-negative opening on December 30, 2025, amid global risk-off sentiment, F&O expiry volatility, and sharp declines in precious metals.

Key Themes & Picks

• GIFT Nifty signals a soft start, driven by global declines and expiry jitters.

• Metals and banking sectors face volatility amid regulatory and commodity pressure.

• Defense and renewable energy show resilience with fresh orders and momentum.

• Key calls: BHEL, HUDCO, and NTPC Green Energy highlighted for upside.

• Long-term optimism persists with Goldman Sachs upgrading India to 'overweight'.