Markets return post-holiday with a muted, cautious start on December 26, 2025, amid thin volumes, FII outflows, and mixed global cues.
Key Themes & Picks
GIFT Nifty signals a flat-to-negative open with low holiday volumes.
Renewables and infrastructure lead on strong execution momentum.
Railway stocks in focus amid fare hike speculation.
Key picks: Lloyds Metals, Olectra Greentech, and Gravita India.
Calm volatility index contrasts with persistent FII selling pressure.
Indian equity markets closed marginally lower on December 24 in a holiday-thinned, volatile session ahead of Christmas, with subdued volumes reflecting year-end caution. Losses in IT, pharma, and oil & gas sectors offset gains in metals and select large-caps, amid mixed global cues from robust US economic data. Key themes included resilient domestic fundamentals, geopolitical supply risks, and anticipation of policy support in the upcoming budget.
As Indian markets approach the year-end on December 24, 2025, trading volumes remain thin amid holiday sentiments and foreign outflows, setting the stage for a muted yet potentially positive open. Overnight global cues are mixed, with US futures showing modest gains following a rebound in technology stocks, while Asian markets advance cautiously. The Gift Nifty futures are trading around 26,230-26,255, signaling a flat-to-positive start for the Nifty 50, potentially opening 20-50 points higher than yesterday's close of 26,177. Expected volatility is low due to the upcoming Christmas holiday, with focus on sectors like auto and consumer goods amid corporate developments.