| The key equity indices ended with substantial gains today, extending gains for a second consecutive session, buoyed by optimism over the India–New Zealand Free Trade Agreement. Investors will keep track crucial economic data including US GDP data, scheduled later this week. Further, market participants will closely monitor rupee movement, FII activity, ongoing IPO activity, and global cues. The Nifty settled above the 26,150 mark, closing near its intraday high, while the Sensex surpassed 85,550 mark and ended near day’s high
All the sectoral indices on the NSE ended in the green with IT, metal and auto indices gaining the most.
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 638.12 points or 0.75% to 85,576.48. The Nifty 50 index gained 206 points or 0.79% to 26,172.40. In the two consecutive trading sessions, the Sensex and Nifty jumped 1.3% and 1.38%, respectively.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index surged 0.86% and the S&P BSE Small-Cap index surged 1.12%.
The market breadth was strong. On the BSE, 2,796 shares rose and 1,514 shares fell. A total of 203 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 1.60% to 9.68.
IPO Update:
Gujarat Kidney and Super Speciality received bids for 1,66,93,248 shares as against 1,32,26,880 shares on offer, according to stock exchange data at 15:30 IST on Monday (22 December 2025). The issue was subscribed 1.26 times. The issue opened for bidding on 22 December 2025 and it will close on 24 December 2025. The price band of the IPO is fixed between Rs 108 and 114 per share.
India-New Zealand Agreement:
India and New Zealand concluded a comprehensive, balanced and forward-looking Free Trade Agreement (FTA) under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi, marking a major economic and strategic milestone in India’s engagement with the Indo-Pacific region.
India has secured commitments across a wide range of high-value sectors including IT and IT-enabled services, professional services, education, financial services, tourism, construction and other business services, opening substantial new opportunities for Indian service suppliers and high-skill employment.
New Zealand has committed to facilitate investments of $20 billion into India over the next fifteen years, thereby supporting manufacturing, infrastructure, services, innovation and employment under India’s Make in India vision. Indian enterprises are also expected to benefit from their presence in New Zealand and access the wider Pacific Island markets.
Buzzing Index:
The Nifty IT index climbed 2.06% to 39,488. The index rallied 3.75% in the four consecutive trading sessions.
Persistent Systems (up 3.15%), Wipro (up 3.13%), Infosys (up 3.09%), Tech Mahindra (up 2.08%) and HCL Technologies (up 1.64%) were the top gainers. Among the other gainers were Tata Consultancy Services (up 1.3%), Coforge (up 1.16%), Oracle Financial Services Software (up 0.43%) advanced.
Stocks in Spotlight:
Bondada Engineering surged 4.87% after the company announced that it has secured a large and strategically significant EPC order worth Rs 945.10 crore from NLC India Renewables on behalf of NLC India.
Concord Control Systems hit an upper limit of 5% after it has secured a major order worth Rs 139.32 crore from Indian Railways through its wholly owned subsidiary, Advanced Rail Controls.
MIC Electronics rose 1.27% after the company announced that it has received an order worth Rs 1.05 crore from Central Railway, Nagpur Division.
Dilip Buildcon added 3.79% after the company announced that it has been declared as the lowest (L-1) bidder for a grid-connected solar power project in Madhya Pradesh.
GE Vernova T&D India surged 5.50% after the company announced that it has secured an order from AESL Projects for the establishment of a high-capacity High Voltage Direct Current (HVDC) terminal station.
Global Markets:
European markets declined on Monday as last week’s positive sentiment wears off.
UK economy grew by 0.1% in the July-to-September period of this year, the Office for National Statistics said on Monday, in line with its initial estimate. Looking ahead, the Bank of England predicts stagnation in GDP growth for the upcoming October to December period, although a marginal underlying economic growth of approximately 0.2% each quarter is anticipated.
Asian market ended higher as investors parsed China’s central bank’s decision to keep its loan prime rates steady.
The People’s Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for a seventh straight meeting, in line with a Reuters survey. The one-year rate influences most new and outstanding loans, while the five-year benchmark affects mortgages.
Last Friday in the U.S., stocks rose for a second winning day, boosted by Oracle, as the artificial intelligence trade regained its footing after experiencing volatility.
Oracle shares were up 6.6% after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake.
The Nasdaq Composite rose 1.31%, closing at 23,307.62. The S&P 500 added 0.88% to close at 6,834.50. The Dow Jones Industrial Average advanced 183.04 points, or 0.38%, and settled at 48,134.89.
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