Stock Market Highlights: Indices fail to hold opening gains, ends near day’s low; Nifty ends below 26,150

Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on Facebook, LinkedIn, Instagram and Telegram

Nifty Below 26,150, Dragged By Reliance & IT Stocks

Midcap Index Underperforms, Market Breadth In The Favour Of Declines

Sensex Falls 116 Points To 85,409, Nifty 35 Points To 26,142

Midcap Index Slips 365 Points To 60,451, Nifty Bank 116 Points To 59,184

IT Stocks End Lower For Second Straight Session As US Modifies H-1B Selection Process

Castrol Gains Nearly 2% After BP Agrees To Sell Majority Stake In Parent

VIP Jumps Nearly 12% On Likely Conclusion Of Deal With Multiples PE After 26% Eq Block Deal

Coforge Extends Losses, Down 7% In Two Sessions Ahead Of Bd Meet To Consider Fund Raising

Ajanta Pharma Gains Over 2% After In-licensing Agreement With Biocon For Semgalutide

Bharat Dynamics Surges Over 3% After DRDO Completes User Evaluation Trials Of Akash-NG System

Manappuram Finance Surges Nearly 7%, Hits Record High As Gold Prices Rise

Hind Zinc Surges Over 2% & Hind Copper Gains Over 7% As Silver, Copper Hit Record Highs

Vikran Engg Surges 11% After Bagging `2,035 Cr, 600 MW Solar EPC Order

NSE Advance-Decline Ratio At 2:3

We have seen foreigners take money off the table through OFS in IPOs

Indian market have not done great if you look at it in terms of USD

India’s AI adoption will be a slow process

Govt and Pvt infra spends are picking up

Silver and gold are still worth a bet

says Pashupati Advani, Globalforay

Deven Choksey, MD of DRChoksey Finserv shares his 2026 market outlook, highlighting Adani Energy Solutions, large-cap stocks, NBFCs, cement, commercial vehicles and the Indian IT sector, while warning of valuation risks in mid- and small-cap stocks.

Read here

According to Brownback, the company’s deputy chief investment officer for global fixed income, the economy will gain from an artificial intelligence-driven productivity boom, yields are still at appealing levels, and changes in the bond market are creating possibilities to identify winners.

Read Only CNBC Access

The shares of Manappuram Finance rose as gold prices rose.

Ceinsys Tech | Bags Order Worth ₹107 Cr From, State Water & Sanitation Mission, Uttar Pradesh

Bharti Enterprises & Warburg Pincus Announce Strategic Investment In Haier India

Bharti & Warburg Pincus Will Collectively Own A 49% Stake In Haier India

Ajit Mishra, Religare Broking

The Income Tax Department has advised taxpayers to evaluate and make any necessary revisions to their income-tax returns (ITRs) as the deadline of December 31 draws near, emphasising that prompt changes can help prevent future disputes, penalties, and extended scrutiny.

The advice is a component of the department’s data-driven “NUDGE” campaign for the 2025–2026 evaluation year.

KPI Green gets notification of an award for a green hydrogen project worth ₹128.5 cr from NTPC

According to Sonthalia, Emkay Investment Managers is concentrating on the upscale end of discretionary spending, where brand relevance is still high in a few categories. He pointed out that while brand salience is declining in a number of other consumer categories, it is essentially unchanged in the automotive, jewellery, and real estate industries. “Our focus is on premium discretionary,” he stated.

These are some of the biggest volume-based movers among the Nifty 500 stocks (higher than the 10-day average).

The Nifty Bank index has fallen close to 300 points from the day’s highs.

The shares of Muthoot Finance rose amid a rise in gold prices, hitting record high.

The shares of Vikran Engineering surged by over 10% post receipt of ₹2,000 crore for a 600 MW order.

On Wednesday, December 24, global commodities and precious metals like gold and silver continued to reach new highs. In the futures market, gold prices surpassed $4,500 per ounce, while silver prices reached $72 per ounce.

Following BP’s agreement to sell Stonepeak a 65% stake in Castrol at an enterprise value of $10 billion, Castrol India shares have increased by more than 8%.

According to BP, an agreement has been reached to sell a 65% stake in Castrol, resulting in net proceeds of around $6 billion, including accelerated dividend payments. The entire proceeds will go towards lowering net debt.

Sudeep Shah, Head of Technical and Derivative Research, SBI Securities

The shares of Castrol India rose over 8% after bp said it will sell its stake in the company.

Muthoot Finance stock is currently up 81% so far in 2025, surpassing the 78% return it produced in 2014 and providing the highest calendar year return since its launch in 2011.

GCC agrees to decouple Investment pact talks from FTA with India, India’s talks with GCC Bloc for a Bilateral Investment Treaty (BIT) at an advanced stage

L&T has bagged a major order from Maharashtra’s MMRDA.

The Mumbai metro railway project, Package CA-298, awarded by the Mumbai Metropolitan Region Development Authority (MMRDA), is for the electrification of the 24.72 km-long “Line 4” that runs between Bhakti Park in Wadala to Cadbury junction, having 22 elevated stations.