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Below the Quote on Evening Markets 22nd December 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital

Indian equity markets extended their rally for a second consecutive session, led by strong gains in IT, metals and defence stocks, as investor sentiment improved on a combination of supportive domestic and global cues. A key support for equities came from the currency market, where the Indian rupee strengthened against the US dollar.  At the same time, foreign institutional investors (FIIs) turned net buyers, adding to positive momentum across domestic equities.
Globally, sentiment remained constructive as investors continued to price in the possibility of further interest-rate cuts by the US Federal Reserve early next year, supporting risk appetite across markets. The BSE Sensex surged 638 points, or 0.75%, to close at 85,567.48, while the Nifty 50 gained 206 points, or 0.79%, to settle at 26,172.40, marking a strong close for the benchmarks. Within the Nifty 50, Shriram Finance, Trent, Wipro, Infosys and Bharti Airtel emerged as the top gainers of the session.  On the downside, SBI, HDFC Life, Cipla, Tata Consumer and Kotak Mahindra Bank featured among the laggards, witnessing mild profit booking.

Broader markets also ended in positive territory, with the BSE Midcap index rising 0.8% and the Smallcap index jumping 1%, reflecting improved risk appetite across segments. Meanwhile, India VIX declined further, indicating subdued volatility expectations. Going ahead, markets will watch global cues and macro developments for direction in the truncated trading week due to Christmas.

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