IGI Logo

Below the Daily Market Commentary for December 30th 2025 By Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equity markets ended flat in a lacklustre session amid mixed global cues, overshadowing strong November IIP data showing 6.7% growth—the highest in 25 months. Muted year-end activity and persistent concerns over FII outflows kept investors on the sidelines. In the broader market, the Nifty Midcap100 and Smallcap100 declined by 0.2% and 0.3%, respectively. Among sectors, metals led the gains, with the Nifty Metal index rising 2% on sustained momentum. The index hit a fresh all-time high of 11,029 on Tuesday and is up over 27% for the calendar year, driven by strong industrial demand amid supply-side constraints. PSU banks and auto stocks also saw buying interest, with their respective sectoral indices gaining over 1% each. Meanwhile, selling pressure was evident in IT, realty and consumer durables. On the global macro front, investors will closely track the US FOMC meeting minutes due later today and jobless claims data tomorrow. Domestically, markets will watch out for December Auto sales numbers and the pre-quarterly business updates beginning in the first week of January. Overall, we expect markets to remain sideways with selective buying amid thin trading volumes due to New Year holidays in several global markets.

Above views are of the author and not of the website kindly read disclaimer