IGI Logo

Below the Quote on Daily Market Commentary for 26th December 2025 By Siddhartha Khemka, Motilal Oswal Financial Services Ltd

Nifty ended lower by 100 points at 26,042 (-0.4%) as profit-booking emerged in select blue-chip stocks. Sustained selling by foreign institutional investors (Rs1,721cr outflow on Wednesday) weighed on market sentiment. Broader markets also reflected weakness with Nifty Midcap100 and Smallcap100 declining -0.2% and -0.1% respectively. Amongst sectors, Metal index saw continued momentum, rising 0.6%, followed by consumer durable index which ended with 0.3% gains. In contrast, IT and Auto were the top drags, falling by 1% and 0.5% respectively. Banking, financials and pharma also witnessed selling pressure. Railway-linked stocks extended their rally on Friday, rising up to 12%, amid renewed buying interest ahead of Union Budget 2026. Further, the announced passenger train fare hike came into effect from today, supporting the up-move. On the macro front, investors would track India’s Industrial Production data to be released on Monday. Overall, we expect Indian equities to trade in a narrow range amid lack of triggers, tracking the macro indicators and institutional flows.  

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