The markets that seemed to have begun the Christmas week on a positive note, have now cooled down. But while we wait for the rest of the week to play out maybe you can plan a few micro-vacations for the upcoming year as there are quite a few long weekends.
That's all folks, see you tomorrow.
HDFC Bank, ITC, Coal India, Shriram Finance and UltraTech emerged as the top gainers for the day.
On the other hand, Bharti Airtel, Reliance Industries, ICICI Bank, Axis Bank and TCS were the worst performers of the Nifty 50 index.
The market breadth was skewed in the favour of buyers, as 1,886 stocks declined, 2,296 advanced and 200 remained unchanged on the BSE.
HDFC Bank, ITC, Coal India, Shriram Finance and UltraTech emerged as the top gainers for the day.
On the other hand, Bharti Airtel, Reliance Industries, ICICI Bank, Axis Bank and TCS were the worst performers of the Nifty 50 index.
The market breadth was skewed in the favour of buyers, as 1,886 stocks declined, 2,296 advanced and 200 remained unchanged on the BSE.

Broader indices closed in green. Nifty Midcap 150 ended 0.11% higher and Nifty Smallcap 250 closed 0.42% higher.
Nifty Midcap 150 gains for the fourth straight session and the top gainers included NLC India and NMDC.
Nifty Smallcap 250 gains for the third straight session with top gainers including Jupiter Wagons and IRCON International.
Most sectoral indices rose with Nifty Media and Nifty Metal leading the gain, while Nifty IT and Nifty PSU Bank fell.
Nifty Media and FMCG gain over 0.5% for the day
Nifty Media emerges as the top gaining sector for the day
Nazara Technologies gain the most in Nifty Media
Nifty IT fall nearly 1% for the day; Coforge and Infosys fall the most
Nifty PSU Bank snaps 4-day losing streak
Nifty Oil and Gas, Auto gain for the 3rd straight session
Nifty Realty snaps 3-day gaining streak
Broader indices closed in green. Nifty Midcap 150 ended 0.11% higher and Nifty Smallcap 250 closed 0.42% higher.
Nifty Midcap 150 gains for the fourth straight session and the top gainers included NLC India and NMDC.
Nifty Smallcap 250 gains for the third straight session with top gainers including Jupiter Wagons and IRCON International.
Most sectoral indices rose with Nifty Media and Nifty Metal leading the gain, while Nifty IT and Nifty PSU Bank fell.
Nifty Media and FMCG gain over 0.5% for the day
Nifty Media emerges as the top gaining sector for the day
Nazara Technologies gain the most in Nifty Media
Nifty IT fall nearly 1% for the day; Coforge and Infosys fall the most
Nifty PSU Bank snaps 4-day losing streak
Nifty Oil and Gas, Auto gain for the 3rd straight session
Nifty Realty snaps 3-day gaining streak

The benchmark equity indices ended a volatile session flat with the markets ending mixed.
Intraday, both Nifty and Sensex had risen nearly 0.23%.
Nifty ends 4.75 points or 0.02% higher at 26,177.15.
Sensex ends 42.64 points or 0.05% down at 85,524.84.
The benchmark equity indices ended a volatile session flat with the markets ending mixed.
Intraday, both Nifty and Sensex had risen nearly 0.23%.
Nifty ends 4.75 points or 0.02% higher at 26,177.15.
Sensex ends 42.64 points or 0.05% down at 85,524.84.
Over 2 million shares of SAIL were traded via a block deal on Tuesday. The share of SAIL rose as much as 2.97% to Rs 133.92 apiece.
OYO's parent firm PRISM has received shareholders' approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed Initial Public Offering (IPO).
Source: PTI
The Bombay Stock Exchange (BSE) has issued a clarification following a media report suggesting plans to launch additional monthly index option products.
BSE said in an exchange filing, "Regarding monthly index option products, BSE is evaluating the needs of market to broaden its derivatives segment, there are no events which warrant disclosure under Regulation 30 of Securities and Exchange Board of India"
The scrip fell as much as 2.18% to Rs 2,715 apiece. It pared losses to trade 1.39% lower at Rs 2,737 apiece, as of 03:06 p.m. This compares to a flat NSE Nifty 50 Index.
It has risen 47.99% in the last 12 months. The relative strength index was at 52.
Gold has also hit a fresh record high with spot gold rising to hit $4,530.3 on Tuesday.
Silver has hit a fresh record high on Tuesday with spot silver rising to $70.
Tata Motors is accelerating its electric vehicle ambitions with plans to launch the Sierra EV and a refreshed Punch by CY2026, alongside the debut of its premium EV brand Avinya by year-end 2026, said Shailesh Chandra, MD & CEO of Tata Motors Passenger Vehicles Ltd.
The company also aims to introduce three additional nameplates between FY27 and FY30, maintain a 45–50% share in India’s EV market, and commit Rs 16,000–18,000 crore in investments over FY25–FY30.
In a market where over 6,500 companies are listed, only two names have stood the test of consistency. According to calculations made by NDTV Profit, HDFC Bank Ltd. and Pidilite Industries Ltd. have emerged as India’s most reliable stocks, delivering positive returns every calendar year since 2015—a feat unmatched by any other listed company.
Market cycles, policy shifts and global shocks ensure that most stocks falter at some point. Against this backdrop, only these two stocks have delivered positive returns in every calendar year since 2015, underscoring the power of true long-term compounders.
Ambuja Cements Ltd. on Monday received approval for two separate schemes of amalgamation from its board of directors to merge ACC Ltd and Orient Cement Ltd, establishing a single consolidated 'One Cement Platform'.
"The merger will create a pan-India cement powerhouse," the Adani Group company said in a release on Monday.
The transaction, expected to be completed over the next one year, marks one of the largest restructuring moves in India’s cement sector and is aimed at simplifying group structure, improving transparency and unlocking operational efficiencies.
Read more here.
There are genuine problems with ride-hailing in India. Unfortunately, the government has got both the diagnosis and the treatment wrong. These platforms handle millions of decisions every day.
A cab reaching your pickup point at a reasonable price isn’t about who owns the platform—it’s about coordination.
Swapnil Karkare decodes.
Platinum has quietly emerged as one of the standout performer in the commodities market, earning its tag as the dark horse of 2025. Long overshadowed by gold and silver, the metal has delivered a sharp rally that has caught investors and industrial users by surprise.
Platinum prices are currently hovering around $2,182 per ounce, marking a dramatic upswing. The metal is up nearly 140% year-to-date and has gained about 48% over the past three months, making it one of the best-performing precious metals in recent times. This surge has far outpaced traditional safe-haven assets and reflects a powerful mix of structural and cyclical drivers.
In June 2022, RBL Bank Ltd. was under pressure. The Reserve Bank of India had removed then CEO Vishwavir Ahuja over compliance concerns. Investor confidence fell, and the stock declined 80% from its 2019 high.
When R Subramaniakumar took charge as managing director that summer, the bank faced stress. The share price stood at Rs 77, down from a peak of nearly Rs 700.
By December 2025, the situation had changed. The stock more than doubled over the past 12 months to about Rs 300 a share. The trigger was a $3 billion investment from Dubai-based Emirates NBD Bank.
RBL Bank's crisis is over and the confidence is returning — but is the hard part done?
Aditya Raghunath decodes.
Ceigall India shares are in focus after the company won Rs 550 crore letter of award from Madhya Pradesh Urja Vikas Nigam.
NZ, India agree enter financial services agreement as part of FTA
NZ to create market opportunities for Indian digital payment providers using UPI, NPCI
India-NZ to join hands for real-time cross-border transactions
Both countries recognise data protection norms while enabling cross-border digital ops
Non-discriminatory credit rating treatment assured for Indian financial institutions in NZ
India-NZ agreed on higher FDI limits, liberalised bank branch licensing in banking and insurance.
Currently, two Indian banks operate in NZ
NZ has no banking/insurance presence in India, the pact aims to change that
Indian equities were trading higher after it opened in the red on Tuesday.
Intraday, both Nifty and Sensex fell nearly 0.20% on Tuesday.
Nifty fell 0.20% at 26,119.05 but pared losses to trade 0.06% higher at 26,189 as of 12 p.m.
Sensex fell 0.26% to 85,342.99 before it pared losses to trade 0.02% higher at 85,580.95.
Broader indices were trading higher. Nifty Midcap 150 rose 0.01%; Nifty Smallcap 250 was trading 0.40% higher.
Most sectoral indices rose, led by Nifty Media and Nifty Metal. Nifty IT and Nifty Realty were trading lower.
Nifty Bank fell 0.05%, Nifty IT was down nearly 0.87%.
HDFC Bank, Coal India, Shriram Finance, Kotak Mahindra Bank and UltraTech were top Nifty gainers.
ICICI Bank, Bharti Airtel, TCS, Axis Bank and Eternal were top Nifty losers.
S&P 500 futures were little changed as of 2:14 p.m. Tokyo time
Japan’s Topix rose 0.2%
Australia’s S&P/ASX 200 rose 1.1%
Hong Kong’s Hang Seng was little changed
The Shanghai Composite rose 0.2%
Euro Stoxx 50 futures were unchanged
Long Buildup
Coal India
NMDC
Short Covering
Cholamandalam Investment & Finance Company
Dalmia Bharat
Long Unwinding
Cyient
Kaynes Technology India
Short Buildup
Coforge
Fortis Healthcare
The shares of Shakti Pump rose over 7% after it gets letter of acceptance for Rs 357 crore order from Maharashtra State Electricity Distribution Co.
It gets LoA to manufacture 12,883 Solar Photovoltaic Water Pumping Systems.
The shares of Shakti Pump rose over 7% after it gets letter of acceptance for Rs 357 crore order from Maharashtra State Electricity Distribution Co.
It gets LoA to manufacture 12,883 Solar Photovoltaic Water Pumping Systems.

Will 2026 be a massive year for Indian markets? 'Worst is over,' says Dinshaw Irani.
Watch the full video:
Meesho shares have extended decline for the third day. The decline comes after a sharp 43% rally over just four trading sessions between Dec. 15 and Dec. 18, underscoring the heightened volatility surrounding the stock.
The scrip fell as much as 10% to Rs 201.68 apiece on Monday, hitting a lower circuit.
Meesho shares have extended decline for the third day. The decline comes after a sharp 43% rally over just four trading sessions between Dec. 15 and Dec. 18, underscoring the heightened volatility surrounding the stock.
The scrip fell as much as 10% to Rs 201.68 apiece on Monday, hitting a lower circuit.

Ola Electric shares have risen over 4% after it fell nearly 1.36% on Tuesday.
Ola Electric shares have risen over 4% after it fell nearly 1.36% on Tuesday.

Santa Rally season is here? History suggests small caps take the lead; but does the pattern hold this time?
Santa Rally season is here? History suggests small caps take the lead; but does the pattern hold this time? @Sharad9Dubey breaks it down. pic.twitter.com/51w7oPgnSa
— NDTV Profit (@NDTVProfitIndia) December 23, 2025
With Jupiter Wagons extending its gains for the second day, the entire railway segment was in green. Ircon, Railtel and RK Forgings also extended their advance on Tuesday.
With Jupiter Wagons extending its gains for the second day, the entire railway segment was in green. Ircon, Railtel and RK Forgings also extended their advance on Tuesday.

Jupiter Wagons on Tuesday extended gains for the second day as it hit two-month high after the company's promoter entity bought back a stake in the company, amounting to Rs 135 crore.
Jupiter Wagons on Tuesday extended gains for the second day as it hit two-month high after the company's promoter entity bought back a stake in the company, amounting to Rs 135 crore.

Alok Industries shares rise over 10% on Tuesday and hit two-month high.
Alok Industries shares rise over 10% on Tuesday and hit two-month high.

Belrise shares hit life high on Tuesday after multiple bloc deals. Sources told NDTV Profit that Sumedh Tools Pvt., part of the promoter group is looking to make an exit through Rs 897 crore deal.
Belrise shares hit life high on Tuesday after multiple bloc deals. Sources told NDTV Profit that Sumedh Tools Pvt., part of the promoter group is looking to make an exit through Rs 897 crore deal.

KSH International lists at 3.7% discount at Rs 370 on BSE and NSE versus issue price of Rs 384 apiece.
The scrip rose as much as 6.44% to Rs 1,687 apiece on Tuesday, the highest level since Dec. 19. It pared losses to trade 5.46% higher at Rs 1,671.40 apiece, as of 9:55 a.m. This compares to a 0.10% decline in the NSE Nifty 50 Index.
It has fallen 43% in the last 12 months.
The scrip rose as much as 6.44% to Rs 1,687 apiece on Tuesday, the highest level since Dec. 19. It pared losses to trade 5.46% higher at Rs 1,671.40 apiece, as of 9:55 a.m. This compares to a 0.10% decline in the NSE Nifty 50 Index.
It has fallen 43% in the last 12 months.

The shares of Coforge fell nearly 7% on Tuesday ahead of its board meeting for fund raise.
Why is street concerned:
Fund raise could be dilutive
And Doubting earlier Statement Of Company -
Company promised 70% cash flow conversion
No one-offs going forward
And no large capex plans
The shares of Coforge fell nearly 7% on Tuesday ahead of its board meeting for fund raise.
Why is street concerned:
Fund raise could be dilutive
And Doubting earlier Statement Of Company -
Company promised 70% cash flow conversion
No one-offs going forward
And no large capex plans

Ambuja Cement shares were trading with gains of around 3%, compared to Monday's closing price of Rs 539.95. This was after Morgan Stanley has issued a fresh note on Ambuja Cements, maintaining a bullish 'overweight' rating on the counter, in the wake of a major announcement to amalgamate its subsidiaries ACC Ltd. and Orient Cement.
Ambuja Cement shares were trading with gains of around 3%, compared to Monday's closing price of Rs 539.95. This was after Morgan Stanley has issued a fresh note on Ambuja Cements, maintaining a bullish 'overweight' rating on the counter, in the wake of a major announcement to amalgamate its subsidiaries ACC Ltd. and Orient Cement.

On NSE, eight out of 15 sectors were in the red. Nifty IT and Nifty Realty lead the decline, while Nifty Metal and Nifty PSU Bank trade in green.
Broader markets were mixed, with the NSE Midcap 150 trading 0.18% lower and NSE Smallcap was trading 0.01% higher.
On NSE, eight out of 15 sectors were in the red. Nifty IT and Nifty Realty lead the decline, while Nifty Metal and Nifty PSU Bank trade in green.
Broader markets were mixed, with the NSE Midcap 150 trading 0.18% lower and NSE Smallcap was trading 0.01% higher.

ICICI Bank, Bharti Airtel, TCS, Eternal and HCLT weighed on the Nifty 50 index.
Coal India, HDFC Bank, Bajaj Finance, L&T and Kotak Mahindra Bank added to the Nifty 50 index.
ICICI Bank, Bharti Airtel, TCS, Eternal and HCLT weighed on the Nifty 50 index.
Coal India, HDFC Bank, Bajaj Finance, L&T and Kotak Mahindra Bank added to the Nifty 50 index.

The NSE Nifty 50 and BSE Sensex opened flat on Monday. The Nifty 50 opened 0.13% higher at 26,205.20 extending gains for the third day and Sensex opened 0.14% up at 85,690.10. However, minutes after open the markets declined with Nifty down 0.04% and Sensex fell 0.11%.
The NSE Nifty 50 and BSE Sensex opened flat on Monday. The Nifty 50 opened 0.13% higher at 26,205.20 extending gains for the third day and Sensex opened 0.14% up at 85,690.10. However, minutes after open the markets declined with Nifty down 0.04% and Sensex fell 0.11%.
At pre-open, the NSE Nifty 50 was trading 32.80 points or 0.13% higher at 26,205.20. The BSE Sensex was up 0.14% or 122.62 points at 85,690.10.
Rupee opens flat at 89.64 against US Dollar. It closed at 89.65 on Monday.
Source: Bloomberg
Over 58.3 million shares of Belrise Industries were traded in pre-market trading on Tuesday.
An analysis of one-year performance of active funds launched in 2024 revealed that the top performing funds came from multi-asset allocation, as per Value Research data.
The top three performing funds were the Mahindra Manulife Multi Asset Allocation Fund-Regular Plan, Sundaram Multi Asset Allocation Fund-Regular Plan and Union Multi Asset Allocation Fund-Regular Plan.
Read full story here.
Ambuja, ACC, Orient Cement, Cipla among top stocks to watch for today.
Here are the stocks on Profit's Watchlist today. #NDTVProfitStocks
— NDTV Profit (@NDTVProfitIndia) December 23, 2025
For more, watch NDTV Profit 📺 pic.twitter.com/0jqSAwRXpj
Morgan Stanley has initiated coverage on Pine Labs Ltd. a month after its listing on the bourses. The brokerage firm has highlighted the company's favourable market position, which has been pitted against rich valuations.
In its latest report, Morgan Stanley highlighted Pine Labs as a 'well-established' player in the merchant payment and commerce solutions infrastructure provider. The firm further points out how the company has transitioned from a phase of pure scale to one focused on profitability.
Belrise Industries shares will be in focus on Tuesday as Sumedh Tools Pvt., part of the promoter group looks to exit through a block deal worth Rs 897 crore, sources told NDTV Profit on Tuesday.
Read full story here.
Nifty December futures up by 0.6% to 26,201 at a premium of 29 points.
Nifty December futures open interest down by 4.63%.
Nifty Options on Dec 23: Maximum Call open interest at 26,200 and Maximum Put open interest at 26,100.
The US Dollar index is down 0.13% at 97.815.
Euro was up 0.14% at 1.1773.
Pound was up 0.15% at 1.3480.
Yen was down 0.38% at 156.49.
S&P 500 futures were little changed as of 9:13 a.m. Tokyo time
Hang Seng futures rose 0.4%
Japan’s Topix rose 0.6%
Australia’s S&P/ASX 200 rose 0.5%
Euro Stoxx 50 futures fell 0.3%
Asian stocks extended their winning streak for a third session, buoyed by the bullish momentum that lifted Wall Street and signaling that the anticipated year-end rally is gaining traction.
MSCI’s Asia-Pacific index edged up 0.3% in early Tuesday trading after a global benchmark closed at a new high. Japan’s Topix added 0.5%, contributing to the region’s positive tone.
Good morning readers.
The GIFT Nifty was trading above 26,200 early on Tuesday. The futures contract based on the benchmark Nifty 50 rose 0.07% at 26,230.5 as of 6:41 a.m. indicating a positive start for the Indian markets.
In the previous session on Monday, the benchmark extended its gaining streak for the second week. The NSE Nifty 50 ended 206 points or 0.79% higher at 26,172.40, while the BSE Sensex closed 638.12 points or 0.75% higher at 85,567.48.
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