TLDR
Market Recap: December 18, 2025
On December 18, Indian equities ended almost flat in a choppy, expiry-day session, extending the recent drift lower: Sensex closed at 84,481.81 (down 77.84, -0.09%) and Nifty 50 at 25,815.55 (down 3.00, -0.01%). Broader markets held up with Nifty Midcap 100 up ~0.3% and Nifty Smallcap 100 up ~0.1%, while India VIX eased to 9.70 (down 0.14, -1.42%), signaling very low implied volatility despite late-session profit-taking. Sectorally, IT strength capped losses as investors tracked global data risk and near-term positioning; the latest reported institutional flow print still showed net buying into the dip.
Key Drivers :
Expiry-day chop, no fresh triggers: Benchmarks swung intraday but faded into the close as traders stayed cautious ahead of key US inflation data and near-term event risk.
IT pocket of strength: Nifty IT-led sectoral gainers, helping limit headline damage even as most sectors finished in the red.
Flows supportive, but timing lag: Latest exchange-reported data (through Dec 17) shows FPIs and DIIs net buyers, offering a floor even as the index extends a multi-session pullback.
Today’s Top Stories:
SEBI MF brokerage cap 6 bps: Fee shock eases; capital market stocks breathe.
TML02: Bullish initiations spark pop; focus moves to CV cycle data.
Ola Electric: Founder selling pressure stock; supply optics dominate.
IndiGo: Ops-stability message lifts shares; execution proof still needed.
Sun Pharma: USFDA OAI raises delay risk; stock reacts lower.
TOP STORIES
1. SEBI sets MF brokerage cap at 6 bps
Gemini-2.5
Financial: SEBI caps equity cash brokerage at 6 bps. Earlier 2 bps worry cools.
Strategic: Distributor economics get relief. Implementation details are now key.
Market impact: Capital market names saw a relief bid. Fee shock narrative fades.
SEBI capped MF brokerage at 6 bps. Your read?
2. Tata Motors CV (TML02) jumps on JPMorgan and BofA initiations
Gemini-2.5
Financial: JPMorgan and BofA initiate bullish. Both cite the ₹475 target.
Strategic: Street leans into CV upcycle. Focus shifts to volumes and margins.
Market impact: The stock surged by nearly 5% intraday. Momentum turns coverage-led.
Tata Motors jumped on fresh bullish coverage. What next?
3. Ola Electric hits fresh lows after founder share sale
Gemini-2.5
Financial: Founder sold more shares (4.2 crore, ₹142 cr). Linked to loan repayment (₹260 cr).
Strategic: Optics around supply and governance rise. “Zero-pledge” messaging gets tested.
Market impact: The Stock fell 5% to new lows. Sentiment stays fragile.
Founder selling hit Ola Electric. Your stance?
4. IndiGo rebounds on “worst is behind us” message
Gemini-2.5
Financial: CEO says ops stabilized. Network back near 2,200 flights.
Strategic: Execution and reliability are the core watch. External review adds credibility.
Market impact: The stock rose by up to 2.6%. Market wants proof, not quotes.
IndiGo says “worst is behind.” Do you buy it?
5. Sun Pharma slips after USFDA OAI on Baska facility
Gemini-2.5
Financial: USFDA classifies the site as OAI. Approval timelines may extend.
Strategic: Remediation pace becomes the main driver. Launch cadence risk gets repriced.
Market impact: Stock underperformed on regulatory overhang. Updates will move the tape.
Sun Pharma gets USFDA OAI tag at Baska. Market impact?
GYAANI HOT TAKES
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