Benchmark indices ended the week on slightly higher note; Sectoral indices ended mixed; Large-cap ended flat, Mid-cap and small-cap ended higher

WEEKLY REPORT

The Indian equity markets did trade with a holiday mood in the final truncated week of 2025 (December 22-26), but ultimately closed lower amid sustained FII selling, a weakening rupee, and uncertainty over the India-US trade deal. Domestic institutional investor (DII) buying helped to cushion the decline.

BSE Sensex index added 112.09 points or 0.13 percent at 85041.45, while Nifty50 index rose 75.09 points or 0.29 percent at 26,042.30.

During the week, the State Bank of India lost the most in terms of market value, followed by Reliance Industries, Sun Pharmaceutical Industries, and Bajaj Finance. On the other hand, HDFC Bank, UltraTech Cement, and Trent added the most of their market capitalization.

Among sectors, Nifty Defence index rose more than 3 percent, Nifty Metal index up 2.7 percent, Nifty Media gained 1 percent, however, Nifty PSU Bank shed nearly 1 percent, Nifty IT and Nifty Pharma declined 0.3% each.

Foreign Institutional Investors (FIIs) continued their selling trend in the Indian equity markets during the truncated final week of 2025, offloading equities worth RS 4,290.96 crore. In contrast, Domestic Institutional Investors (DIIs) provided crucial support by remaining net buyers, purchasing equities worth Rs 12,024.49 crore.

Among the broader market indices , the BSE Large-cap, BSE Mid-cap index and the Small-cap indices gained 0.30, 0.40 and 1.00 percent respectively this week.

The Indian rupee traded within a volatile range, ultimately depreciating against the US dollar. On December 26, 2025, the rupee settled at 89.85 per dollar, a decline of 20 paise from the 89.65 closing level on December 19, 2025.

ECONOMY

India approves two new airlines

India has granted initial clearance to two airlines, AlHind Air and FlyExpress, to begin operations, weeks after mass cancellations by the country’s largest airline, IndiGo. The risks associated with IndiGo’s dominance were highlighted earlier this month when about 4,500 flights were cancelled because of poor staff planning. The government’s push to approve new operators aims to break up the dominance of a few large carriers and improve connectivity.

Thai Central Bank Intervenes Heavily to Curb Baht Volatility

Thailand’s central bank has aggressively acted to ease volatility in the baht, with the currency surging to its highest level against the dollar in more than four years. The baht has gained 10.3% against the dollar so far this year to become Asia’s second-best performing currency. The bank has also tightened scrutiny of large capital inflows and imposed controls on gold trading, and is planning a loan guarantee scheme in early 2026 to boost credit.

STOCKS IN NEWS

Swiggy

The shares of Swiggy dropped over 4 percent in the last 5 days after delivery partners across platforms called for an all-India strike on December 25 and December 31, citing various reasons. The fall also comes after quick commerce rival Zepto is likely to confidentially file draft IPO papers today.

RVNL

Rail Vikas Nigam Ltd share price went up more than 20 percent over the week after the government’s revised passenger train fares came into effect from Friday, marking the second fare hike this year. The Indian Railways had earlier announced that the new fare structure would be effective from December 26 and is expected to generate additional revenue of about Rs 600 crore in 2025-26.

Vikran Engineering

The shares of Vikran Engineering rallied more than 17 percent this week after the company announced that it had won an order from a domestic company for the design, engineering, procurement, supply, erection, testing, and commissioning on a turnkey EPC basis (including supply of solar PV modules and inverter) for 600 MW AC in multiple locations in Maharashtra.

Hindustan Copper

Hindustan Copper shares ended over 20 percent higher by the end of the week, tracking firm global copper prices after strong economic data from the US boosted demand outlook for the metal. Copper prices remained close to record highs in overseas markets after data showed the US economy grew at its fastest pace in two years in the third quarter, supported by strong consumer spending and a rebound in exports.

Titan Company

The shares of Titan Company rose more than 1.5 percent this week after the company announced their new brand ‘beYon – from the House of Titan’ with its first exclusive retail store in Mumbai being opened on December 29. It said that the brand will offer a curated range of Lab Grown Diamond (LGD) jewellery, marking its entry into the emerging segment.

Source – Moneycontrol, Reuters