IGI Logo

Below the Quote on Daily Market Commentary for December 15th 2025 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equity markets ended marginally lower on Monday, recovering from early losses to close near the day’s high amid a weak global risk environment. The Nifty settled at 26,027, down 19 points (-0.08%), snapping a two-session rally despite persistent foreign investor selling and ongoing uncertainty around a potential US trade deal, which continued to cap risk appetite. Broader markets ended mixed, reflecting selective buying rather than broad-based participation. The Nifty Midcap index declined 0.2%, while the Nifty Smallcap100 edged up 0.2%, offering limited support to overall market sentiment. Sectoral performance was mixed, highlighting ongoing rotation. Nifty Media emerged as the top performer, rising 1.8%, followed by Nifty FMCG, which gained 0.6% on defensive buying, on the downside, Nifty Auto slipped 1%while Nifty Pharma declined 0.4%. The Indian rupee hit a fresh record low of 90.6 against the US dollar, marking the third consecutive session of a new low. India’s trade deficit narrowed in November, supported by exports rising to their highest level in nearly three and a half years, providing some relief on the balance-of-payments outlook. On the domestic liquidity front, the mutual fund industry’s assets under management crossed the Rs.80 trillion mark in November, supported by broad-based inflows. SIP assets rose to Rs.16.53 trillion, now accounting for over one-fifth of total assets under management, underscoring resilient retail participation and reinforcing confidence in disciplined, long-term investing despite near-term market volatility. Globally, key economic data due tomorrow include US non-farm payrolls, retail sales, unemployment rate and manufacturing PMI, which will be closely tracked for cues on growth momentum and monetary policy expectations. Overall, markets are expected to trade in a consolidation mode in the near term, with heightened volatility in the broader markets as year end approaches amid thin volumes and an uncertain global macro backdrop.

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