TLDR
Market Recap: December 23, 2025
On December 23, Indian equities ended rangebound as IT profit-taking and year-end light volumes offset supportive RBI liquidity cues and steady domestic buying. The BSE Sensex closed at 85,524.84 (-42.64, -0.05%) while the NSE Nifty 50 ended at 26,177.15 (+4.75, +0.02%). Broader markets held up with Nifty Midcap 100 at 60,816.10 (flat) and Nifty Smallcap 100 at 17,658.80 (+0.37%). Volatility cooled further as India VIX hit 9.38 (-3.07%), keeping risk appetite stable despite mixed global cues.
Key Drivers :
RBI liquidity backstop: RBI signaled sizeable liquidity injection via OMO and a USD/INR swap, keeping funding conditions supportive into year-end.
Domestic bids absorb FII selling: FIIs were net sellers while DIIs stayed firm net buyers, keeping benchmarks pinned near flat despite thin participation.
IT pullback caps the tape: Nifty IT dragged after a strong run-up, while broader breadth stayed resilient with selective cyclicals holding gains.
Today’s Top Stories:
Ambuja cement consolidation: Ambuja to absorb ACC and Orient Cement, aiming for a single platform; Ambuja and Orient rallied while ACC lagged on optics.
Belrise block deal: ₹897 crore promoter stake sale lifted free-float expectations; stock hit a fresh high on strong demand absorption.
Ola pledge-free: Promoter-level loan repaid and pledges fully released; shares popped as service expansion boosted near-term sentiment.
Puravankara land buy: 53.5-acre Bengaluru acquisition adds ₹4,800+ crore GDV pipeline; the stock surged on launch visibility.
Antony Waste order win: ₹330 crore. Thane contract strengthened order book; shares jumped on improved revenue visibility.
TOP STORIES
1. Ambuja to consolidate ACC and Orient Cement
Gemini-2.5
Financial: Board cleared the merger plan to fold ACC and Orient into Ambuja (subject to approvals).
Strategic: Simplifies cement structure, scale, and logistics synergies.
Market impact: Ambuja and Orient rallied; ACC lagged on swap optics.
Ambuja merging ACC and Orient. Market read?
2. Belrise spikes after ₹897 cr promoter block deal
Gemini-2.5
Financial: Promoter entity sold a large block (6.6% stake) to meet MPS norms.
Strategic: Higher float helps liquidity; watch for more supply.
Market impact: The stock reached a fresh high on high volumes.
Belrise promoter block sale. What next?
3. Ola Electric turns pledge-free; rolls out Hyperservice Centres
Gemini-2.5
Financial: Promoter loan repaid; pledges fully released (about 3.93% earlier pledged).
Strategic: Better governance optics; service push targets reliability.
Market impact: The Stock jumped as sentiment improved.
Ola turns pledge-free and launches Hyperservice. Impact?
4. Puravankara buys 53.5 acres in Bengaluru; GDV ₹4,800+ cr
Gemini-2.5
Financial: Adds 6.4 msft pipeline; GDV pegged at ₹4,800+ cr.
Strategic: Strengthens Bengaluru launch visibility; execution is key.
Market impact: Stock rallied on pipeline scale.
Puravankara adds ₹4,800+ cr GDV pipeline. Your stance?
5. Antony Waste wins ₹330 cr Thane project
Gemini-2.5
Financial: Subsidiary wins ₹329 cr municipal waste order.
Strategic: Adds order book visibility; working capital watch.
Market impact: The stock jumped on the win.
Antony wins ₹330 cr Thane contract. Trade view?
GYAANI HOT TAKES
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