Quote on Evening Markets 29th December 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Below the Quote on Evening Markets 29th December 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Indian equity markets ended Monday’s session on a weak note, as traders remained cautious ahead of the December derivatives expiry amid subdued year-end volumes and continued foreign institutional investor (FII) outflows.
The Nifty 50 slipped below the 25,950 mark, closing nearly 100 points lower, while the Sensex fell 346 points to settle at 84,695. The Bank Nifty also ended in the red, down 79 points, slipping below the 59,000 level. Weakness extended to the broader markets, with the Nifty Midcap and Smallcap indices declining around 0.5% each.
Volatility picked up after several muted sessions. India VIX rose over 6% to 9.72, signalling a modest increase in near-term uncertainty as market participants positioned cautiously ahead of expiry-related developments.
On the sectoral front, metal stocks failed to hold on to early gains, retreating from intraday highs as global prices corrected. Selling pressure was also visible across financials, IT, realty, healthcare and consumption-linked stocks, reflecting a risk-averse undertone.
Railway stocks witnessed profit booking after recent sharp rallies, with IRFC and RVNL sliding close to 5% each. In contrast, Nifty Media, FMCG and PSU indices managed to close marginally higher, supported by selective buying in defensive and energy-related names.
Oil marketing companies advanced as crude oil prices eased, providing relief to the sector. Meanwhile, HFCL, NCC and Titagarh Rail Systems ended higher, gaining between 2% and 5%, ahead of their exclusion from the futures and options segment.
Among Nifty 50 constituents, Tata Steel, Tata Consumer Products, Asian Paints and Grasim were the top gainers, while Adani Ports, Power Grid, HCL Technologies, Trent, BEL and Bharti Airtel featured among the key losers.
In the commodities space, gold and silver saw some profit booking after scaling record highs in recent sessions.
Going ahead, expiry-related volatility, FII activity, global cues and signals from the Fed minutes will be closely tracked.
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