RBI Governor Sanjay Malhotra expects India’s interest rates to stay low for a prolonged period, citing supportive monetary policy. He noted that ongoing trade deals, including with the US, could boost growth by up to 0.5 percentage points. India’s economy grew 8.2% in Q2, exceeding forecasts, but tariffs and trade pressures may slow growth. The RBI recently cut the repo rate by 25 bps and boosted banking liquidity.
RBI governor Sanjay Malhotra signals rates to stay low for ‘long period’- Daily Market Update 17th Dec 2025
Overview and Outlook
Global Stock Market Today
- US equity markets, baring NASDAQ, settled in red.
- European equity markets ended on a flat to negative note.
- Asian equity markets are trading in green.
- GIFT Nifty is little changed, Nifty futures likely to open around 25920 levels.
Benchmark Nifty index ended lower at 25860 spot levels after a cut of 167 points from its previous closing values in an otherwise lackluster trading session.
Broader markets fell in line with the benchmark as Mid and Small cap indices were down 0.83% & 0.92% respectively.
Majority of sectoral indices, barring Private Bank and Realty, ended in red. Amongst them, Realty, Private Bank and Financial Services Ex-Banks were the worst performers, down over 1% each followed by IT, Metal and PSU Bank index that were down close to 1% each.
Technically, Nifty index is consolidating in a range with immediate supports around 25700 spot levels and resistances around 26060 spot levels. Cross and sustenance above 26060 spot levels might take it up to 26200 spot levels.
Derivatives Overview & Outlook
Yesterday, Nifty, Banknifty and Finnifty futures added 2.2%, 8.6% and 4.7% of open interest respectively as short buildup whereas some long unwinding was seen in Midcapnifty futures with decrease in open interest by 2.1%.
All the sectoral indices, barring FMCG and Telecom, settled lower. Amongst them, Banking, Finance and New age stocks witnessed maximum addition of short positions.
On the option front, Nifty will start the new weekly contracts of the December series with a maximum position at 26000 CE followed by 27000 CE and 25000 PE followed by 25500 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 2382 Cr in the cash segment, sold stocks futures worth Rs 3241 Cr also sold index futures worth Rs 1767 Cr. DIIs were net buyers to the tune of Rs 1077 Cr in the cash segment.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 26020-26150; Supports 25880-25800
Banknifty – Resistances 59400-59700; Supports 59000-58750
Finnifty – Resistances 27600-27720; Supports 27400-27300
F&O Security in Ban Today: BANDHANBANK
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