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Daily Market Update
22-Dec-20251 min readvipin kumar

US GDP numbers, rupee move and China’s NPC Standing Committee meet to dictate current week’s move- Daily Market Update 22nd Dec 2025

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The holiday truncated week starting from December 22 will be focusing on the quarterly US GDP numbers, China’s NPC Standing Committee meeting, rupee movement, FII flow, and the VIX that is around its all-time lowest levels.

Overview and Outlook

Global Stock Market Today

  • US equity markets settled higher in range 0.38% to 1.23%.
  • European equity markets ended on a flat to positive note.
  • Asian equity markets are trading with a positive bias.
  • GIFT Nifty is up by 150 points, Nifty futures likely to open around 26200 levels.

 

News highlights from across the globe

  • Stocks pushed higher toward the end of a hectic trading week as investors navigated the expiry of a record volume of options, a factor that risked fueling sharp market moves.
  • Asian equity markets are trading on a higher note, following Friday’s rally on Wall Street that reinforced optimism for a strong year-end for global markets.
  • Oil prices edged higher after US President Donald Trump stepped up pressure on Venezuela, with American forces boarding one tanker and chasing another just weeks after seizing a vessel. Brent crude moved closer to $61 a barrel after posting two straight weekly declines.

 

Important news updates from the domestic front

  • Tata Chemicals arm executed a pact to buy 100% stake in Singapore-Based Novabay for an enterprise value of S$37.8 Mn (25 Mn Euros).
  • Great Eastern Shipping signed a contract to buy 84,048 CBM. The South Korean vessel is expected to join the fleet in the fourth quarter of fiscal 2026.
  • Tata Steel acquired 149 crore shares of arm T Steel Holdings for Rs 1,355 crore.
  • Balkrishna Industries approved the reappointment of Arvind Poddar as chairman and managing director for five years effective Aug. 1, 2026. The company completed one line Of carbon black production facilities.
  • Grasim Industries appointed Ajit Rajagopalan as chief executive officer of Cellulosic Fashion Yarn Business. Satyaki Ghosh resigned as a CEO of cellulosic fashion yarn business.
  • IGL: in JV pact with Hindustan waste treatment for Compressed Biogas plant.
  • Taj GVK Hotels, Indian Hotels approved the divestment of 25.52% stake held by Indian hotels in the company. The Proposed promoter Shalini Bhupal to buy 25.52% stake at Rs 370 per share. Indian Hotels to continue to operate existing hotels under TajGVK Portfolio.
  • Tech Mahindra received an order to Pay Rs 1,287 crore to provident funds for employees. The company made disclosures of PF amount as contingent liabilities.
  • Kajaria Ceramics’s arm Kajaria Bathware’s CFO Dilip Kumar Maliwal found to have committed fraud over the last 2 years.
  • Tata Steel receives tax demand of Rs 1,132 crore including penalty from Jamshedpur Tax Body.
  • Cummins India income tax appellate tribunal passed a favourable order granting relief in respect of adjustments worth Rs 210 crore.
  • Bank of Baroda received $29 million from liquidator towards interim distribution of capital repatriation on member’s voluntary liquidation of India International Bank Malaysia.
  • Vodafone Idea received Rs 44.8 crore penalty order from Guwahati Joint Commissioner Jurisdiction on alleged claim of excess input tax credit.
  • Fortis Healthcare subsidiary to buy 125-Bedded People Tree Hospital in Bengaluru via acquisition of TMI Healthcare. Company to acquire People Tree Hospital Yeshwanthpur for Rs 430 cr and will further invest Rs 410 cr for scaling up infrastructure
  • Infosys has reached a settlement in principle to resolve all pending class action lawsuits against its subsidiary, McCamish Systems LLC, and certain customers, with McCamish agreeing to pay $17.5 million into a fund. The Company observed volatility in its ADR price on the NYSE on December 19, 2025, triggering two Limit Up-Limit Down (LULD) trading pauses.

 

Nifty Overview & Outlook

Benchmark Nifty index ended higher at 25966 spot levels after adding 151 points to its previous closing values.

Broader markets outperformed the benchmark as Mid and Small cap indices gained over 1% each.

All sectoral indices, tracked at NSE, ended in green. Amongst them, Nifty Realty was the top performer, gained 1.67% followed by Auto and Healthcare index that rose over 1% each.

Nifty index is witnessing a pullback rally from the price support of 25700 spot levels. Cross and sustenance above 26060 spot levels will confirm the breakout from “Double Bottom” formation on daily chart that might take it around its all-time highs i.e. 26325 spot levels in short term.

 

Derivatives Overview & Outlook

Last Friday, Nifty and Banknifty futures shed 4.4% and 2.1% of open interest respectively as short covering while no significant changes was observed among Finnifty and Midcapnifty futures  on open interest front.

All F&O sectors settled on a higher note.  Amongst them, Cement, Finance, Telecom and Textile stocks witnessed maximum addition of long positions along with some short covering among Infrastructure and Technology stocks.

On the option front, put writers dominated the session with writing at multiple strikes along with some call unwinding  across different OTM strikes. The maximum call positions at 26000 CE followed by 27000 CE and maximum put positions are at 25900 PE closely followed by 25800 PE.

 

Institutional Trading Activity

Last week, FIIs bought stocks worth Rs 5467 Cr in the cash segment, sold stocks futures worth Rs 468 Cr also sold index futures worth Rs 1669 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 12061 Cr during last week.

 

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 26150-26220; Supports 25900-25800

Banknifty – Resistances 59600-59800; Supports 58900-58600

Finnifty – Resistances 27600-27700; Supports 27300-27200

 

F&O Security in Ban Today:   SAMMAAN CAPITAL

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