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Stocks to Watch Today (December 18, 2025): Indian markets may see action driven by RBI liquidity measures, index-related flows, dividend ex-dates, policy decisions by Sebi, and a series of corporate announcements. PSU banks, AMCs, brokers, rail stocks, and power names will be in focus.

Swiggy will see a weight increase of 14 basis points in the MSCI India Standard Index. The change will be effective from today’s close. The stock may see passive inflows.

Indian Oil Corporation will trade ex-date today for its interim dividend. The company has announced an interim dividend of Rs 5 per share.

- The government will use the green shoe option in the OFS. - An additional 1 per cent stake will be sold. - The OFS opens for retail investors today. - The floor price is Rs 34 per share. - The number of shares on offer is 4.61 crore. - The non-retail portion was subscribed 119.7 per cent.

- AMCs will be in focus after key decisions by the Sebi board. - Sebi approved the new Stock Brokers Regulations, 2025. - The base expense ratio cap was reduced to 0.9 per cent from 1 per cent. - Expense limits were reduced for index funds and ETFs. - For FoFs based on liquid schemes, the ratio was set at 0.9 per cent. - For close-ended equity schemes, the ratio was cut to 1 per cent from 1.25 per cent.

- Brokerage firms may react to Sebi’s decisions. - The brokerage cap in the cash market was cut to 6 basis points from 8.59 basis points. - In derivatives, the limit was reduced to 2 basis points from 3.89 basis points. - The additional 5 basis points charge on exit-load funds has been removed.

- The company received an order worth Rs 273.24 crore from the Ministry of Railways. - The order is for rail-borne maintenance systems. - It includes design, manufacturing, supply, testing, and commissioning.

- Paytm received RBI approval to operate as a physical payment aggregator. - It also received approval for cross-border transactions. - The company already holds a payment aggregator licence across segments. - It can now offer end-to-end payment aggregation services.

- The company launched a new project named Mahindra Blossom. - The project is located in Whitefield, Bengaluru. - The gross development value is Rs 1,900 crore. - This is the company’s third net-zero residential project.

- The subsidiary’s joint venture received a Rs 1,330 crore contract from BMC. - The contract tenure is seven years. - It covers waste collection and transportation in Mumbai. - The subsidiary holds a 51 per cent stake in the JV.

The company received RBI approval to operate a factoring business. The approval supports its expansion plans.

The board approved fund-raising of Rs 1,200 crore. This includes Rs 800 crore through equity shares and Rs 400 crore via convertible warrants. Shares will be issued to non-promoters. Warrants will be issued to promoters. The issue price is Rs 115.88 per share.

Equity allottees include Synergy Industrial and Power Metals and Credit Solutions India Trust. Warrant allottee is Hyderabad Jabilli Properties.

Promoter Bhavish Aggarwal sold 4.2 crore shares, or 0.95 per cent stake, at Rs 34 per share. This marks the second consecutive day of selling. The promoter stake fell to 33.05 per cent from 34 per cent a day earlier. A total of 6.8 crore shares were sold over two days. The total sell size was Rs 142.5 crore.

The Reserve Bank of India will conduct an open market operation worth Rs 50,000 crore. The move is aimed at managing system liquidity.