The Indian markets exhibited a bearish sentiment on December 29, 2025, marked by continued declines in major indices amid year-end profit booking and persistent foreign outflows. Volatility was heightened by commodity price swings and global economic uncertainties, particularly from US policy shifts. Key themes included corporate acquisitions boosting IT confidence, regulatory focuses on debt markets, and anticipation of stronger global growth in 2026.

• Markets fell for fourth day due to profit-taking and caution.
• Record foreign outflows capped 2025 stock rally significantly.
• Commodity volatility, especially silver, influenced metal stocks.
• Corporate deals like Coforge's acquisition lifted IT sentiment.

Markets eye a subdued, range-bound start on December 30, 2025, with low holiday volumes and mixed global cues as the year draws to a close.

Key Themes & Picks

• GIFT Nifty signals a flat-to-negative opening amid thin volumes.

• Metals sector gains traction on rising commodity prices.

• Defense and pharma act as defensive plays amid sectoral caution.

• Key calls: NMDC, Vedanta, and Sun Pharma highlighted.

• Cooling crude oil prices offer relief to OMCs and related sectors.

The Indian markets exhibited subdued sentiment on December 26, 2025, characterized by thin year-end trading volumes and minor declines in major indices amid a lack of significant triggers. Global cues from a resilient US economy provided some support but did not spur strong momentum.

• Markets slipped on low volumes, signaling year-end caution and liquidity crunch.
• Precious metals rallied to records, boosting investor interest in safe-haven assets.
• Major IT acquisition highlighted sector consolidation and growth potential.
• Banking fraud disclosure raised concerns over financial sector integrity.
• Strong SIP inflows reflected sustained retail investor confidence.