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Markets in 2025 delivered a mixed performance
Nifty rising 10.5% and Bank Nifty outperforming with gains of 17%
Broader markets lagged with the Midcap 100 up just 6% and the Smallcap 250 slips 6%
PSU Banks emerged as the standout performer of the year
Nifty PSU Bank index surges 31%, making it the best-performing sector
Followed by Metals, which gained nearly 30%, and Autos, which advanced 23%
IT and Real estate stocks remained under pressure
Nifty IT index falling 12% and the Realty index plunging 17%
On the Nifty 50, gains were led by financials and autos
Shriram Finance rising 71%, Maruti Suzuki gaining 54% and Bajaj Finance climbing 44%
Trent cracks 40% and IT majors TCS and HCL Technologies fell 21% and 15% respectively
This live blog has ended.
Benchmarks underperformed Broader Market Indices
Nifty managed to close above 26,100 in the last trading day of the year
JSW steel and ONGC gain the most in Nifty
Steel stocks gain in trade after Government confirmed 3-year safeguard duty
Vodafone Idea fell 15% from the day’s high as street was expecting AGR waiver vs moratorium on AGR dues.
Legendary investor Warren Buffett, will step down as the Chief Executive Officer (CEO) of Berkshire Hathaway on Wednesday, Dec. 31, at the age of 95, after six decades of being at the helm of the conglomerate, in one of the most extraordinary leadership tenures in global corporate history.
Widely known as the "Oracle of Omaha," Buffett has been seen as a global investing legend by stock market participants worldwide for decades, for not just crucial investing guidance, but also for important life lessons.
In a tribute to Buffett on his retirement, India's leading market veteran Raamdeo Agrawal, chairman and co-founder, Motilal Oswal Financial Services spoke to NDTV Profit and revealed everything that he learnt from his 'guru' and shared his long-cherished, favorite memory with the legend.
Read the full story here.
Here's what we know so far from our sources:
The Union Cabinet has frozen Vodafone Idea's AGR dues at Rs 87,695 crore as of Dec. 31, and rescheduled the payment from FY32 to FY41.
The telecom department will reassess the frozen AGR dues based on Deduction Verification Guidelines and audit reports, with the outcome decided by a government-appointed committee.
Vodafone Idea will pay AGR dues for FY 2017-18 and FY 2018-19 (finalized by the Supreme Court in 2020) from FY 2025-26 to FY 2030-31 without changes.
Shares of Vodafone Idea has now slumped over 15%.
Vodafone Idea Shares Hit Lower Circuit After Cabinet Decision — Here's WhyShares of Vodafone Idea have now erased gains after rising as much as 5.6% to a 52-week high at Rs 12.74. The stock is now 4% lower.
Cabinet approves relief package for the troubled telecom operator, allowing a five-year moratorium on AGR dues, according to people familiar with the matter.
Vodafone Idea Shares Under Pressure As Cabinet Relief Falls Below Street ExpectationsShares of Vodafone Idea rose as much as 5.6% to a 52-week high at Rs 12.74.
Media reports suggested that cabinet may extend relief to the troubled telecom firm by providing five-year moratorium.
A story published in local Rajkot-based newspaper Gujarat Mirror claims the rapid surge in silver prices across the globe has triggered a crisis, with up to 44 traders in the city declaring insolvency.
The report states that these firms were forced to declare insolvency after failing to pay outstanding liabilities reaching up to a combined total of Rs 3,500 crore.
Read the full story here.
Jio Financial is no longer just a holding company. Whether it can turn scale into returns is the key question.
Read the full story here as Aditya Raghunath decodes.
Shares of Manglore Refinery Petrochemicals Ltd. (MRPL) rose as much as 10%, the most since Oct. 3, to Rs 156.90.
The stock halted its five-day losing streak. Trading volume was more than seven times its 20-day average, according to Bloomberg data.
Warren Buffett built more than a company. As he steps away from Berkshire Hathaway, his ideas on value, patience and integrity continue to shape markets — and behaviour — far beyond investing, writes NDTV Profit's Niraj Shah.
Read the full column here.
Metal stocks surge on duties, China cuts, strong prices
Pre-Budget trade positioning
Strong technical support
Strong DII inflows continue
January series new positions increasing in mega caps
Wockhardt receives accelerated assessment from European Medicines Agency for drug WCK 5222, used to treat UTI, pneumonia, abdominal infections and other ailments, as per an exchange filing.
Solar Industries gets Rs 1,746 crore additional order from Coal India for supply of Bulk Explosives.
Source: Exchange Filing
Waaree Energies gets order for supply of 1,500 MW solar modules in FY27.
Source: Exchange Filing
Timken India signs pact to acquire 26.1% stake in Sunstreamgreen Energy C&I Three for purchasing power.
Source: Exchange Filing
SBI MF sells 2.43% stake in Nazara Tech; shareholding reduces to 2.4%.
Source: Exchange filing
Adani Green arm Adani Renewable Energy Holding Eleven incorporates arm Adani Ecogen Four.
Source: Exchange Filing
SPML Infra board approves allotment of 11.4 lakh shares at Rs 276 per share to NARCL on a preferential basis, as per exchange filing.
Sectoral gains were led by the Nifty Oil and Gas, and PSU Banks.
Cryptocurrency markets showed wide price swings in 2025. Bitcoin, the most traded cryptocurrency, moved through sharp rises and declines during the year.
Read the whole story here.
Shakti Pumps secures Rs 170 crore order from Madhya Pradesh Urja Vikas Nigam for supply of 4,840 water pumping systems, as per an exchange filing.
ITC has 1.4 million shares change hands in a block deal on Wednesday. Shares of the company are trading 0.42% higher at Rs 402.30 apiece.
Silver prices dipped 5% to trade around $72 per ounce in trade today. Domestically, the prices were around Rs 239,588, as per MCX.
Amid a volatile week, global silver prices are trading 14% lower from its record high of $83.75 per ounce. The white metal is losing momentum after five consecutive weeks of gains.
The gold market in India is undergoing a major shift as domestic prices hit record highs. Buyers are reportedly cutting back on purchases of traditional gold ornaments, and accumulating bars, coins and financial products backed by gold instead.
Royal Orchid Hotels launches 4th hotel in Vadodara, Gujarat.
Source: Exchange Filing
CBAM (Carbon Border Adjustment Mechanism) to kick in from January 1, 2026
CBAM penalizes high-carbon steel production and promotes the Electric Arc Furnace (EAF) route
HEG and Graphite India manufacture graphite electrodes, a critical component for Electric Arc Furnace (EAF) steelmaking
HEG’s current exposure to Europe is less than 10% of sales
Expect domestic HRC prices to move up by 10% over the next couple of months
This could drive 16-43% changes in F27 Ebitda across coverage
Believe JSW Steel and SAIL are better positioned in the near term, followed by Tata Steel and Jindal Steel
#BrokerageRadar: #MorganStanley maintains 'Equal-weight' on #MCX with Price Target of Rs 11135
— NDTV Profit (@NDTVProfitIndia) December 31, 2025
For more, visit our Research Reports section: https://t.co/x9gNkEkqzy pic.twitter.com/xybK9xFOa3
Morgan Stanley’s latest risk-reward update on Manappuram Finance Ltd. is less about near-term earnings and more about valuation math. While the brokerage raised its price target to Rs 300, it retained an Equal-weight rating, highlighting a wide divergence between its bull, base and bear case outcomes.
Read the whole story here.
Maintain 'overweight', Hike target price to Rs 427 from Rs 375
See continued delivery and improvement in its ROE profile
See sustenance of earnings growth in the lending business
Hike consolidated EPS estimates by 0.4% for FY26, 1.3% for FY27, and 0.8% for FY28
Shares of Rites Ltd. surged over 7% to trade at Rs 254.75 apiece in early trade on Wednesday.
The benchmark indices opened in the green in Wednesday's trading session.
Morgan Stanley continues to view Can Fin Homes as a defensive, secured lending play, backed by moderate growth prospects and a mid-teens return on equity profile.
Check bull, bear and base cases for the counter here.
Premier Energies gets orders worth Rs 2,307 crore in the third quarter of FY26
Execution of orders received in Q3 scheduled across FY27 & FY28
Q3 orderbook supports aim to reach 10.6 GW solar cell, 11.1 GW solar module capacity by Sept 2026
Source: Exchange Filing
Govt issues final notification confirming three year safeguard duty
Safeguard duty at 12%, 11.5%, 11% over three years
Duty Applies to HR coils, CR coils, coated & colour coated steel
The positive sentiment around Shriram Finance continues as multiple brokerages have once again put out bullish calls on the non-banking financial company, on account of the recent investment from MUFG.
Brokerages remain bullish about Shriram Finance's growth potential, especially after the $4.4 billion investment from MUFG, which may unlock fresh synergies for the NBFC.
Bharat Forge: The company signed a contract worth Rs 1,662 crore with the defence ministry to supply 2.6 lakh indigenously developed CQB carbines to the Indian army.
Torrent Pharma: The board is to meet on Jan 5 to consider fundraising.
Interglobe Aviation: The company received Rs 458 crore penalty order from Delhi GST body for Fiscal 2019- Fiscal 2023. The company will contest the order, and the said order does not have any significant impact on financials, operations or other activities of the company.
Orient Tech: The company fixed Jan. 5 as a record date for issue of bonus shares.
Good morning, readers.
The GIFT Nifty is trading at a 0.06% advance at 26,118.50 as of 7:05 a.m., indicating a positive bias open for the benchmark Nifty 50.
In yesterday's trading session, the Nifty 50 declined marginally by 3.25 points or 0.01% to settle at 25,938.85, while the BSE Sensex slipped 20.46 points or 0.02% to close at 84,675.08.
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