Indian Stock Market Sees Second Day of Gains
The Indian stock market continued its upward trend on Friday, December 12, with the Sensex and Nifty 50 indices rising for the second straight day. The Sensex advanced 450 points, or 0.53%, to close at 85,267.66, while the Nifty 50 climbed 148 points, or 0.57%, to 26,046.95. This growth was supported by favorable global cues, particularly the recent rate cut by the US Federal Reserve, which boosted investor sentiment and risk appetite across the globe.
Broader Markets and Key Sectors
The broader markets also performed well, with the BSE Midcap and Smallcap indices rising 1.14% and 0.65%, respectively. All key sectors, except for FMCG, contributed to the upmove, with metals, realty, and energy leading the gains. Domestic flows remained healthy, driven by sustained retail and mutual fund buying, supported by stable macro indicators and improved liquidity conditions.
Expert Insights
According to Ajit Mishra, SVP, Research, Religare Broking Ltd, the positive momentum was supported by global sentiment and domestic flows. However, foreign flows were mixed due to currency volatility and ongoing discussions around US-India trade dynamics.
Stocks to Watch
Ahead of the stock market opening, several stocks are likely to remain in focus, including:
- Paytm: Injected an additional ₹2,250 crore into its wholly-owned subsidiary, Paytm Payments Services Ltd.
- Wipro: Strengthening its collaboration with Google Cloud to boost enterprise productivity and accelerate digital transformation.
- KEC International: Bagged fresh orders totaling ₹1,150 crore across its transmission & distribution and civil segments.
- Tata Steel: Expanding its capacity in India by nearly 50% to strengthen its position in the domestic steel market.
- SAIL: Reported a 14% year-on-year increase in sales to 12.7 million tonnes during the April–November 2025 period.
- Bharat Electronics: Bagged fresh orders worth ₹776 crore, strengthening its order inflow momentum.
- Dr Reddy's: Successfully concluded a GMP inspection and a Pre-Approval Inspection (PAI) at its formulations facility in Andhra Pradesh.
- Biocon: Entered into a settlement and licensing agreement to market its biosimilar Aflibercept globally.
- Godawari Power and Ispat: Announced plans to expand its Battery Energy Storage System project capacity from 10 GWh to 40 GWh.
- NLC India: Partnered with PTC India Ltd to build green energy projects totaling up to 2,000 MW in a phased manner.
Please note that this story is for educational purposes only, and it's essential to consult with an investment advisor before making any investment decisions.