Indian equity benchmarks were poised for a quiet conclusion to the trading year on Wednesday, December 31, 2025. With many major Asian markets shut for New Year's Eve, the Sensex and Nifty 50 were anticipated to open without significant change, mirroring the cautious sentiment from the previous session.
Market Ends 2025 on a Cautious Note
On Tuesday, December 30, investor activity remained subdued due to a lack of fresh domestic catalysts and mixed signals from global markets. The BSE Sensex closed nearly flat at 84,675.08, marking a marginal decline of 20 points or 0.02 percent. Similarly, the NSE Nifty 50 settled at 25,938.85, down by just 3 points or 0.01 percent. Analysts suggest the market is likely to stay range-bound in the near term, awaiting direction from upcoming US-India trade talks and the Q3 corporate earnings season.
Stocks Set for Action on Final Trading Day
Despite the overall muted trend, several individual stocks are expected to see movement based on significant company-specific announcements.
RITES Ltd announced securing a USD 3.6 million contract from Zimbabwe's Berhard Development Corporation Pvt Ltd. The order involves supplying in-service Cape gauge diesel-electric locomotives and is to be completed within three months.
In a major defence deal, Bharat Forge has entered into a ₹1,662 crore agreement with the Ministry of Defence. The contract is for supplying close-quarter battle (CQB) carbines and accessories to the Indian Army and Navy.
InterGlobe Aviation (IndiGo) disclosed receiving a GST demand notice worth ₹458.26 crore from tax authorities for the period FY19 to FY23. The airline has contested the order, stating it is incorrect and plans to appeal through the appropriate legal channels.
Other Key Corporate Developments
Lupin provided an update on its subsidiary Nanomi BV's acquisition of VISUfarma BV. The deal, initially expected by end-2025, is now projected to conclude by February 28, 2026.
Muthoot Finance completed the allotment of 3.25 lakh equity shares in its subsidiary, Muthoot Money Ltd. The capital infusion will bolster the subsidiary's business funding and capital adequacy.
Power Grid Corporation received a letter of award to establish a large-scale battery energy storage system project in Andhra Pradesh, having won the project through a competitive bidding process.
In the chemicals sector, a shareholder of Privi Speciality Chemicals is looking to sell a 6.32% stake via a block deal valued around ₹700 crore, with a floor price set between ₹2,835 and ₹2,850 per share.
Finally, a significant promoter transaction occurred at Taj GVK Hotels & Resorts. Promoter Shalini Bhupal acquired a 25.52% stake (1.6 crore shares) at ₹370 per share from The Indian Hotels Company Limited, followed by a termination agreement among several involved parties.
As the curtain falls on 2025, market participants are bracing for a quiet session, with focus shifting to the macroeconomic and corporate developments that will shape the trajectory of the Indian stock market in the new year.
