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Below the Quote on Daily Market Commentary for 24th December 2025 By Siddhartha Khemka, Motilal Oswal Financial Services Ltd

Nifty ended marginally lower by 37 points at 26,140 (-0.1%) as profit-booking emerged in select sectors. Stronger-than-expected U.S. GDP growth (4.3% vs expected 3.3%) buoyed global risk appetite; however, investor sentiment was tempered by continued FII outflows (- Rs1,795cr on Tuesday). Broader markets remained mixed.

Nifty Midcap100 declined -0.6%, while Nifty Smallcap100 ended with gains of 0.3%. Amongst sectors, metals, realty, and auto were in mild green, while Oil and gas, IT and pharma indices closed with losses in the range of 0.4-0.7% each.

Gold financier stocks rallied as gold prices soared to lifetime highs amid geopolitical concerns and expectations of more rate cuts by the Federal Reserve.  On the macro front, investors would track the US Jobless claims data to released later today. Indian markets will remain closed on Thursday on account of Christmas celebrations. Overall, we expect Indian equities to trade in a narrow range this week amid lack of triggers and reduced trading activity due to holidays across several global markets. Wishing all a Merry Christmas!

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