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Informist, Monday, Dec. 22, 2025

 

By Arya S. Biju

 

MUMBAI – Domestic benchmark stock indices are expected to open higher, extending gains from Friday, when they rose after a four-day fall, supported by positive global cues. The recent slight recovery in the Indian rupee against the dollar, primarily due to likely intervention by the Reserve Bank of India, is also expected to support investor sentiment Monday. 

 

The GIFT Nifty contracts suggest the Nifty 50 may open higher. At 0753 IST, the December contract of the GIFT Nifty was at 26187 points, more than 220 points above the Nifty 50's close on Friday. The Nifty 50 ended 0.6% higher at 25966.40 points on Friday.

On Friday, major US indices closed higher, led by a rebound in technology shares. Chipmaker Micron Technology's strong forecasts reignited optimism around AI-related stocks, which had recently come under pressure over lofty valuations and funding concerns. While the lower-than-expected rise in US consumer prices in November boosted investor sentiment on rising bets of an interest rate cut by the US Federal Reserve next year, some market participants have raised concerns about the reliability of the print due to the 43-day federal government shutdown that prevented the collection of data for October. 

 

Most Asian indices were also up in early trade Monday, tracking gains on Wall Street. On Monday, the People's Bank of China decided to keep its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for the seventh straight meeting, as estimated by a Reuters poll. Japan's Nikkei was up nearly 2% as a steep decline in the yen against major currencies promised to boost export earnings for Japanese corporates.

 

Oil prices climbed in early trade ‍Monday after the US intercepted a Venezuelan oil tanker over the weekend. At 0758 IST, Brent Crude futures were up 0.8% at $60.93 per barrel. The US is also pursuing another oil tanker in what would be the third such operation in less than two weeks if it succeeds, officials told Reuters Sunday. 

 

The Indian rupee had seen a marginal recovery in the past three sessions after hitting a fresh record low last week. The recovery came on likely intervention by the RBI. The rupee's weakness against the dollar had been one of the primary reasons for the recent decline in the stock market, according to analysts. Both the Nifty 50 and the BSE Sensex had fallen nearly 1% in the first four sessions of the week, before closing Friday's session in positive territory.

 

Foreign portfolio investors were net buyers of Indian equities for three days in a row after being net sellers for most of December. On Friday, they bought shares worth INR 18.31 billion. Domestic investors continued to be net buyers and bought stocks worth INR 57.23 billion Friday.  End

 

Edited by Avishek Dutta

 

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