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Below the Quote on Daily Market Commentary for 16th December 2025 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equities ended lower, with Nifty extending the previous session’s decline as caution prevailed amid persistent FII selling and rupee weakening to new record lows. Nifty50 closed with a loss of 167 points at 25,860 (-0.6%). Broader market witnessed selling pressure with Nifty Midcap100 and Smallcap100 down -0.8% each. Amongst sectors, private banking and financial services indices were the worst performers, declining over -1% each. IT stocks witnessed profit booking after a three-day rally during which the sector had gained up to 2%. Meanwhile, Fertiliser stocks surged after the Finance Minister assured of ample urea supply during the Rabi season. Nifty Consumer Durables was the sole index ending in the green, rising +0.6%. Among the consumer durables, we maintain a positive outlook on the Cables and Wires segment. We expect demand momentum to remain strong in power cables, driven by healthy demand in the power generation, transmission and distribution sectors, increasing capex in data centres, strong real estate demand, and infrastructure projects. On the macro front, investors would track key US economic data including Nonfarm payrolls (Nov’25), Unemployment Rate and Monthly Retail Sales to be released later today. Overall, we expect the Indian markets to trade sideways in the absence of any meaningful near-term triggers.

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