🇮🇳 India Daybook ~ Stocks in News
Published: 2025-12-24 08:15 IST | Category: Markets | Author: Abhi
The Indian stock market is anticipated to commence trading on December 24, 2025, with a positive bias, largely influenced by strong global market trends. While the Sensex and Nifty 50 saw minimal changes on December 23rd, broader market sentiment remains cautiously optimistic, with specific stocks and sectors poised for action.
Positive Buzz
- Market Outlook: The Indian benchmark indices, Sensex and Nifty 50, are expected to open in the green, buoyed by positive trends in global markets, including a strong US economic growth report and rising Asian share markets. The Gift Nifty is also signaling a positive start, trading higher by 31-36 points. Technical indicators suggest that the Sensex is consolidating above key breakout levels, maintaining a firm structure despite recent subdued sessions. Similarly, the Nifty 50's momentum indicators are favorable, with support shifting to the 26,000 zone.
- "Santa Rally" Expectations: Analysts are pointing to strong technical cues and historical data, with the Nifty historically gaining in 77% of year-end periods, suggesting a potential "Santa Rally" with further upside towards 26,500. The India VIX, a measure of market volatility, is hovering near historic lows around 9.40, indicating easing market anxiety and providing comfort to the prevailing bullish sentiment.
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Corporate Developments & Analyst Picks:
- Coal India has received in-principle approval from its board for the listing of South Eastern Coalfields (SECL), a wholly-owned subsidiary, aligning with the government's divestment roadmap.
- Central Bank of India's MD & CEO reported a significant pickup in corporate loan demand, with a sanctioned pipeline of Rs 85,000 crore to Rs 1 lakh crore.
- Bank of India successfully raised Rs 10,000 crore through the issue of long-term infrastructure bonds at 7.23% per annum.
- Tata Motors is increasing investments and expanding its electric vehicle (EV) portfolio.
- GAIL India signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh for a greenfield gas-based fertilizer project.
- Ola Electric announced a service expansion.
- RITES secured an international locomotive order.
- MarketSmith India has recommended Bajaj Auto Ltd and S.J.S. Enterprises Ltd as potential buy picks, citing strong fundamentals and growth potential.
- Analyst Raja Venkatraman of NeoTrader recommended Ashok Leyland, HDFC AMC, and Dalmia Bharat for potential upside.
- Brainbees Solutions (FirstCry) subsidiary, Swara Baby Products Private Limited, has agreed to acquire 100% of K.A. Enterprises (Hygiene) Private Limited.
Neutral Developments
- Market Consolidation: Benchmark indices, including Sensex and Nifty 50, closed largely flat on December 23rd, experiencing profit booking at higher levels. This indicates a phase of consolidation after a recent rally. The Bank Nifty is also trading sideways, oscillating between 58,800 and 59,500, reflecting a lack of clear directional conviction.
- FII/DII Activity: Foreign Institutional Investors (FIIs) were net sellers, contributing to cautious sentiment. However, Domestic Institutional Investors (DIIs) showed strong inflows, providing a cushion to the market.
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Corporate Actions (Ex-Date):
- Prakash Pipes will trade ex-date for an interim dividend of ₹1 per share.
- GRM Overseas will trade ex-date for a bonus issue in the ratio of 2:1.
- Nectar Lifesciences will trade ex-date for a buyback of up to 3 crore equity shares at ₹27 per share.
- Vineet Laboratories and Yug Decor will trade ex-date for their respective rights issues.
Negative News
- IT Sector Underperformance: The Information Technology (IT) sector underperformed, with the Nifty IT index declining by 0.8% on December 23rd, primarily due to concerns over global tech spending.
- Top Losers on December 23rd: Heavyweights such as Infosys, Bharti Airtel, and Adani Ports acted as drags on the benchmark indices, being among the top losers.
- FII Selling Pressure: Consistent selling by Foreign Institutional Investors (FIIs) could potentially limit the upside potential for the Indian market.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex