Markets anticipate a subdued, flat-to-negative opening on December 30, 2025, amid global risk-off sentiment, F&O expiry volatility, and sharp declines in precious metals.

Key Themes & Picks

• GIFT Nifty signals a soft start, driven by global declines and expiry jitters.

• Metals and banking sectors face volatility amid regulatory and commodity pressure.

• Defense and renewable energy show resilience with fresh orders and momentum.

• Key calls: BHEL, HUDCO, and NTPC Green Energy highlighted for upside.

• Long-term optimism persists with Goldman Sachs upgrading India to 'overweight'.

The Indian markets exhibited a bearish sentiment on December 29, 2025, marked by continued declines in major indices amid year-end profit booking and persistent foreign outflows. Volatility was heightened by commodity price swings and global economic uncertainties, particularly from US policy shifts. Key themes included corporate acquisitions boosting IT confidence, regulatory focuses on debt markets, and anticipation of stronger global growth in 2026.

• Markets fell for fourth day due to profit-taking and caution.
• Record foreign outflows capped 2025 stock rally significantly.
• Commodity volatility, especially silver, influenced metal stocks.
• Corporate deals like Coforge's acquisition lifted IT sentiment.

Markets eye a subdued, range-bound start on December 30, 2025, with low holiday volumes and mixed global cues as the year draws to a close.

Key Themes & Picks

• GIFT Nifty signals a flat-to-negative opening amid thin volumes.

• Metals sector gains traction on rising commodity prices.

• Defense and pharma act as defensive plays amid sectoral caution.

• Key calls: NMDC, Vedanta, and Sun Pharma highlighted.

• Cooling crude oil prices offer relief to OMCs and related sectors.