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Daily Market Update
24-Dec-20251 min readvipin kumar

US GDP expands 4.3%, most in two years, on back of strong domestic consumption- Daily Market Update 24th Dec 2025

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The US economy expanded at the fastest pace in two years in July-September 2025, bolstered by resilient consumer and business spending and calmer trade policies. The inflation-adjusted GDP, which measures the value of goods and services produced in the US, increased at a 4.3% annualised pace, a Bureau of Economic Analysis report showed Tuesday.

Overview and Outlook

Global Stock Market Today

  • US equity markets settled on a flat to positive note.
  • European equity markets, barring CAC, settled in green.
  • Majority of Asian equity markets are trading in green.
  • GIFT Nifty is little changed, Nifty futures likely to open around 26250 levels.

 

News highlights from across the globe

  • Wall Street stocks hit fresh record highs in a subdued session as traders digested a slew of economic reports amid slowing activity ahead of the Christmas holiday.
  • Asian equity markets are trading with a positive bias, following a record-setting rally on Wall Street after data revealed the U.S. economy expanded at its fastest rate in two years.
  • Crude oil extended its five-day winning streak as traders balanced geopolitical risks against growing inventories, while Brent closed above $62 on Tuesday.

 

Important news updates from the domestic front

  • GAIL signed an MoU with the Government of Chhattisgarh to develop Gas-based fertilizer project. The company will undertake techno-economic studies for setting up urea manufacturing plant of 12.7 Lk MT.
  • ITC  spokesperson told NDTV Profit that the company has not increased cigarette MRPs, and therefore there is no scope for traders to raise prices.
  • Thirumalai Chemicals approved the allotment of 18,96,614 shares to raise funds worth Rs 56.1 crore.
  • Bank of India issued long-term bonds to raise funds worth Rs 10,000 crore. The issue includes a base of Rs 5,000 crore and green shoe option of Rs 5,000 crore on private placement basis.
  • Laurus Labs made an investment of Rs 49 crore in JV KRKA pharma to acquire 4.9 crore shares.
  • Punjab & Sind Bank will meet shareholders on Dec. 21 for approval of Rs 3,000 crore QIP.
  • Coal India gave in principal approval for listing of arm South Eastern Coalfields.
  • Deepak Fertilisers arm Deepak Mining Solutions receives total demand of Rs 104 crore from Bengaluru I-T Dept for AY22-25. The demand order is regarding transfer of Tax and TDS related to demerged business.
  • Ceat approved the proposal for incorporation of a wholly owned arm in the UK.
  • Cupid promoter reduced pledged shareholding to 20% from 36.13% on 30th September 2025.
  • Ola Electric arm approved the allotment of 10 crore optionally convertible redeemable preference shares worth Rs 100 crore to arm Ola Cell Technologies.
  • Zydus Life arm in pact with Bioeq AG for U.S. Commercialisation rights for NUFYMCO an Interchangeable Biosimilar to Lucentis. NUFYMCO BLA has been approved by the USFDA.
  • Godfrey Phillips filed Rs 344.5 crore insurance claim for fire at Andhra Pradesh unit.
  • NTPC approved the formation of JV company with EDF power solutions India to develop pumped storage plants.

 

Nifty Overview & Outlook

Benchmark Nifty index settled on a flat note at at 26177 spot levels after a lackluster trading session.

Small cap index slightly outperformed the benchmark as it rose 0.37%, on the other hand, Mid cap index was unchanged in line with the benchmark.

Performance on the sectoral front was mix and muted. Amongst them, Media, Metal and FMCG index were up in range 0.5% to 0.8%. On the other hand, IT index was down 0.8%.

Technically, Nifty index is trading in a broad range of 25700-26325 spot levels and heading towards the upper band of the said congestion zone. Going ahead, we continue to maintain our short term bullish approach on Nifty index by the time it is holding above 26050-25980 spot zone.

 

Derivatives Overview & Outlook

Yesterday, long unwinding was seen in Midcapnifty futures with decrease in open interest by 2.4%, Finnifty futures shed 1.4% of open interest as short covering. On the other hand, Nifty and Banknifty future remained almost unchanged on price front and shed 2.3% and 1.6% of open interest respectively.

Majority of F&O sectors settled on a positive note. Amongst them long buildup was seen among Cement, Infrastructure, Oil & Gas and Power stocks, whereas some short buildup was seen among Banking and Chemical stocks.

On the option front, Nifty will start the last weekly contracts of the December series with a maximum position at 27000 CE and 26000 PE.

 

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 1798 Cr in the cash segment, bought index futures worth Rs 2098 Cr also bought stocks futures worth Rs 1847 Cr. DIIs were net buyers in the cash segment to the tune of Rs 3812 Cr

 

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 26350-26500; Supports 26120-26020

Banknifty – Resistances 59500-59700; Supports 59200-59000

Finnifty – Resistances 27720-27800; Supports 27400-27300

 

F&O Security in Ban Today:   SAMMAAN CAPITAL

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