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All the sectoral indices on the NSE were traded in green with metal, media and oil & gas shares leading the gains.
At 09:25 IST, the barometer index, the S&P BSE Sensex advanced 120.25 points or 0.14% to 84,784.93. The Nifty 50 index added 47.50 points or 0.18% to 25,985.75.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.45% and the S&P BSE Small-Cap index added 0.49%.
The market breadth was strong. On the BSE, 2,040 shares rose and 823 shares fell. A total of 173 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 3,844.02 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,159.81 crore in the Indian equity market on 30 December 2025, provisional data showed.
Stocks in Spotlight:
Bharat Forge advanced 1.23% after the company has received a contract worth Rs 1,661.9 crore from the Ministry of Defence for the supply of 255,128 CQB carbines (5.56 x 45 mm) to the Indian Army. The contract stipulates order execution within five years.
Power Grid Corporation of India rose 0.77%. The company has been declared the successful bidder for the selection of battery energy storage developers for setting up a cumulative capacity of 2,000 MWh (1,000 MW x 2 hours) of standalone battery energy storage systems in Andhra Pradesh.
The project comprises a 150 MW/300 MWh battery energy storage system at the 400/220 kV substation at Kalikiri in Chittoor district, Andhra Pradesh.
RITES rallied 3.60% after the company has received a Letter of Award for the supply of in-service Cape gauge diesel-electric locomotives from Berhard Development Corporation, Zimbabwe. The order is valued at $3.6 million.
Numbers to Track:
The yield on India's 10-year benchmark federal paper rose 0.24% to 6.592 as compared with the previous close of 6.576.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 89.8800 compared with its close of 89.7500 during the previous trading session.
MCX Gold futures for 5 February 2026 settlement shed 0.60% to Rs 134,822.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 98.27.
The United States 10-year bond yield rose 0.05% to 4.131.
In the commodities market, Brent crude for February 2025 settlement declined 10 cents or 0.16% to $61.23 a barrel.
Global Markets:
Asia market fell on the holiday-shortened and final trading day of the year.
Markets in Hong Kong and Australia will close early for the holidays, while Japan and South Korea are shut for the day.
China’s economy ended the year on a slightly less gloomy note, as factory activity expanded in December for the first time since March, beating expectations, according to official data released Wednesday.
The official manufacturing purchasing managers index rose to 50.1 in December, higher than 49.2 reading that was recorded in November. A reading above 50 indicates expansion.
Overnight in the U.S., the S&P 500 fell modestly, notching a third consecutive losing session. The broad market index lost 0.14% and closed at 6,896.24, while the Nasdaq Composite slipped 0.24% and settled at 23,419.08. The Dow Jones Industrial Average shed 0.20% and ended at 48,367.06.
The three major averages have slumped to start the week, dragged down by losses in tech. Nvidia posted back-to-back losing sessions, as did another AI stock Palantir Technologies.
The order involves the supply of operational Cape Gauge diesel electric locomotives and is scheduled to be executed within a period of three months, RITES said in a regulatory filing.
The contract has been awarded by an international entity and does not fall under related party transactions.
The company further clarified that the promoter or promoter group has no interest in the entity awarding the contract.
The total consideration for the order stands at $3.6 million (USD Three Million Six Hundred Thousand only).
RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and Middle East region. As on September, the Government of India held 72.20% in the company.
The company reported a 32.24% rise in consolidated net profit to Rs 109.10 crore in Q2 FY26 from Rs 82.50 crore a year earlier. Revenue from operations grew 1.45% YoY to Rs 548.74 crore for the quarter ended 30 September 2025.
Shares of Rites fell 3.08% to end at Rs 237.40 on the BSE.
Media shares jumped for third consecutive trading session.
At 11:25 ST, the barometer index, the S&P BSE Sensex jumped 10.31 points or 0.01% to 85,578.82. The Nifty 50 index advanced 18.70 points or 0.07% to 26,191.60.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.02% and the S&P BSE Small-Cap index added 0.32%.
The market breadth was positive. On the BSE, 2,180 shares rose and 1,649 shares fell. A total of 231 shares were unchanged.
Economy:
The combined Index of Eight Core Industries (ICI) increased by 1.8% (provisional) in November, 2025 as compared to the Index in November, 2024. The production of Cement, Steel, Fertilizer and Coal recorded positive growth in November, 2025.
Coal production rose 2.1% in November 2025 compared with November 2024. Crude oil output declined 3.2% year-on-year, while natural gas production fell 2.5% during the same period. Petroleum refinery production also slipped 0.9% in November 2025 over a year ago.
Steel production increased 6.1% year-on-year, cement output surged 14.5%, while electricity generation declined 2.2% in November 2025 compared with November 2024. Fertilizer production increased by 5.6% YoY in November 2025.
IPO Update:
Gujarat Kidney and Super Speciality received bids for 2,65,04,320 shares as against 1,32,26,880 shares on offer, according to stock exchange data at 11:21 IST on Tuesday (23 December 2025). The issue was subscribed 2 times. The issue opened for bidding on 22 December 2025 and it will close on 24 December 2025. The price band of the IPO is fixed between Rs 108 and 114 per share.
Buzzing Index:
The Nifty Media index jumped 1.75% to 1418.20 extending its gains for a third straight session, up 1.79% over the period.
Nazara Technologies (up 8.5%), Prime Focus (up 4.2%), Network 18 Media & Investments (up 1.62%), D B Corp (up 0.27%) and Hathway Cable & Datacom (up 0.16%) were the top gainers.
RITES added 2.45% after it has won an international order worth $35.2 million from Ndalama Capital, South Africa for the supply and commissioning of in-service Cape gauge ALCO diesel-electric locomotives on a CIF basis.
Sunita Tools rose 4.06% after the company announced a strategic memorandum of understanding with a Middle East-based partner to support an upcoming defence order.
Larsen & Toubro (L&T) announced that its Hydrocarbon Onshore business vertical (L&T Onshore) has secured a major engineering, procurement, construction and commissioning (EPCC) order from Bharat Petroleum Corporation (BPCL).
Global Market:
Asia market advanced on Tuesday, after AI trade lifted major Wall Street indexes overnight.
Nvidia shares rose more than 1% after media reports said that the company was looking to start shipments of its H200 chips to China by mid-February.
In Southeast Asia, Singapore will release its November inflation reading, with media reports stating that the city-state’s inflation rate is expected to have climbed to its highest in 2025.
Overnight in the U.S., the S&P 500 gained 0.64%, posting its third positive day in a row. The Dow Jones Industrial Average advanced 0.47%, and the Nasdaq Composite climbed 0.52%.
The contract is expected to be executed over 18 months. The order has been awarded by an international entity, with no involvement of promoters or group companies in the contracting entity. The transaction is not a related party deal.
This order marks a significant expansion for RITES in the African rail sector, further strengthening its global locomotive business.
Ambuja Cements Ltd, Rites Ltd, Alok Industries Ltd, Jupiter Wagons Ltd are among the other stocks to see a surge in volumes on BSE today, 23 December 2025.
Thermax Ltd recorded volume of 1 lakh shares by 10:46 IST on BSE, a 22.95 times surge over two-week average daily volume of 4378 shares. The stock gained 0.35% to Rs.2,887.00. Volumes stood at 4605 shares in the last session.
Ambuja Cements Ltd clocked volume of 4.09 lakh shares by 10:46 IST on BSE, a 10.86 times surge over two-week average daily volume of 37671 shares. The stock gained 2.06% to Rs.551.15. Volumes stood at 36124 shares in the last session.
Rites Ltd registered volume of 2.01 lakh shares by 10:46 IST on BSE, a 6.9 fold spurt over two-week average daily volume of 29128 shares. The stock rose 3.16% to Rs.240.00. Volumes stood at 68246 shares in the last session.
Alok Industries Ltd witnessed volume of 18.87 lakh shares by 10:46 IST on BSE, a 6.79 times surge over two-week average daily volume of 2.78 lakh shares. The stock increased 5.66% to Rs.16.98. Volumes stood at 2.68 lakh shares in the last session.
Jupiter Wagons Ltd registered volume of 50.7 lakh shares by 10:46 IST on BSE, a 6.15 fold spurt over two-week average daily volume of 8.25 lakh shares. The stock rose 9.08% to Rs.338.80. Volumes stood at 67.34 lakh shares in the last session.
Rites Ltd, Alok Industries Ltd, Ircon International Ltd, Jupiter Wagons Ltd are among the other stocks to see a surge in volumes on NSE today, 23 December 2025.
Akums Drugs & Pharmaceuticals Ltd recorded volume of 35.95 lakh shares by 14:14 IST on NSE, a 32.26 times surge over two-week average daily volume of 1.11 lakh shares. The stock gained 2.14% to Rs.452.65. Volumes stood at 3.12 lakh shares in the last session.
Rites Ltd notched up volume of 81.47 lakh shares by 14:14 IST on NSE, a 20.57 fold spurt over two-week average daily volume of 3.96 lakh shares. The stock rose 4.76% to Rs.243.67. Volumes stood at 12.95 lakh shares in the last session.
Alok Industries Ltd witnessed volume of 404.9 lakh shares by 14:14 IST on NSE, a 17.71 times surge over two-week average daily volume of 22.86 lakh shares. The stock increased 5.36% to Rs.16.90. Volumes stood at 26.45 lakh shares in the last session.
Ircon International Ltd recorded volume of 468.84 lakh shares by 14:14 IST on NSE, a 15.01 times surge over two-week average daily volume of 31.23 lakh shares. The stock gained 8.48% to Rs.170.10. Volumes stood at 64.32 lakh shares in the last session.
Jupiter Wagons Ltd witnessed volume of 1124.1 lakh shares by 14:14 IST on NSE, a 12.54 times surge over two-week average daily volume of 89.68 lakh shares. The stock increased 9.50% to Rs.339.95. Volumes stood at 741.29 lakh shares in the last session.
Metal shares soared for the fourth trading sessions.
At 11:25 ST, the barometer index, the S&P BSE Sensex jumped 438.87 points or 0.52% to 85,367.42. The Nifty 50 index advanced160.30 points or 0.62% to 26,128.20.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.75% and the S&P BSE Small-Cap index added 0.99%.
The market breadth was weak. On the BSE, 2,792 shares rose and 1,194 shares fell. A total of 240 shares were unchanged.
Gujarat Kidney and Super Speciality received bids for 56,28,160 shares as against 1,32,26,880 shares on offer, according to stock exchange data at 11:18 IST on Monday (22 December 2025). The issue was subscribed 0.42 times. The issue opened for bidding on 22 December 2025 and it will close on 24 December 2025. The price band of the IPO is fixed between Rs 108 and 114 per share.
The Nifty Metal index jumped 1.75% to 10,704.85 extending its gains for a fourth straight session, up 2.3% over the period.
National Aluminium Company (up 4.65%), Hindustan Copper (up 3.61%), Lloyds Metals & Energy (up 3.42%), Hindustan Zinc (up 3.37%), Steel Authority of India (up 3.17%), NMDC (up 2.41%), Welspun Corp (up 2.34%), Jindal Steel (up 2.21%), Hindalco Industries (up 2.1%) and Vedanta (up 1.5%) advanced.
RITES rose 2.65% after the company signed a pact with the Government of Botswana to support the development and modernisation of the country's transport infrastructure.
GE Vernova T&D India surged 5.64% after the company announced that it has secured an order from AESL Projects for the establishment of a high-capacity High Voltage Direct Current (HVDC) terminal station.
Asian market advanced on Monday as investors parsed China’s central bank’s decision to keep its loan prime rates steady.
The People’s Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for a seventh straight meeting, in line with a Reuters survey. The one-year rate influences most new and outstanding loans, while the five-year benchmark affects mortgages.
Last Friday in the U.S., stocks rose for a second winning day, boosted by Oracle, as the artificial intelligence trade regained its footing after experiencing volatility.
Oracle shares were up 6.6% after TikTok agreed to sell its U.S. operations to a new joint venture that includes the software giant and private equity investor Silver Lake.
The Nasdaq Composite rose 1.31%, closing at 23,307.62. The S&P 500 added 0.88% to close at 6,834.50. The Dow Jones Industrial Average advanced 183.04 points, or 0.38%, and settled at 48,134.89.
Under the agreement, RITES will provide technical support for railway modernisation, including supply of rolling stock, commissioning, repair, operations and maintenance services, and workshop upgrades. The collaboration will also extend to infrastructure projects across highways, bridges, airports and buildings.
RITES will additionally offer training programmes, knowledge sharing initiatives and quality assurance services such as third party inspections and acceptance testing. The scope also includes deployment of IT solutions like integrated train operations and passenger management systems.