Indian markets added losses in early afternoon session amid higher retail inflation data. Government data showed that Retail inflation rose to a three-month high of 1.33 per cent in December 2025 mainly due to higher prices of kitchen essentials, including vegetables and protein-rich items. Besides, sentiments were dampened as US President Donald Trump announced a sweeping 25 per cent tariff on any country doing business with Iran, a move that could significantly affect Tehran’s major trading partners including India, China and the United Arab Emirates. On the global front, Asian markets were trading mostly in green despite measure of the public assessment of the current situation of the Japanese economy weakened unexpectedly in December, though marginally. The current conditions index of the Economy Watchers' Survey dropped to 48.6 in December from 48.7 in November. The expected score was 48.8.

The BSE Sensex is currently trading at 83565.05, down by 313.12 points or 0.37% after trading in a range of 83558.01 and 84258.03. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index declined 0.49%, while Small cap index was up by 0.24%.

The top gaining sectoral indices on the BSE were IT up by 0.14%, Basic Materials up by 0.13%, Metal up by 0.09% and Oil & Gas was up by 0.05%, while Telecom down by 1.41%, Industrials down by 1.20%, Realty down by 1.02%, Capital Goods down by 0.93% and Consumer Durables was down by 0.85% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.16%, ICICI Bank up by 1.65%, Tech Mahindra up by 1.11%, SBI up by 0.89% and TCS up by 0.60%. On the flip side, Larsen & Toubro down by 2.77%, Trent down by 1.88%, Interglobe Aviation down by 1.60%, Reliance Industries down by 1.59% and Maruti Suzuki down by 1.50% were the top losers.

Meanwhile, SBI Research in latest report has highlighted growth in India's Credit-Deposit (CD) ratio in past 25 years (since 2000-01 to December 2025), which signifies a better financial development and led to strong economic growth. The report noted that the CD ratio has been increasing since 2000-01 from 53% to 82% as of December 15, 2025. The incremental CD ratio numbers crossed 100% in a number of instances, showing the increase in demand for credit, despite lean deposits growth but banks honoured it by raising resources from other sources. Moreover, post the pandemic, the balance sheets of Indian banks have revived with bank asset growth rebounding sharply to 94% of the GDP as compared to 77% in FY21, which reflects renewed credit intermediation and financial deepening. 

Over the two decades, both deposits and advances expanded manifold, with deposits surging from Rs 18.4 lakh crore to Rs 241.5 lakh crore and advances from Rs 11.5 lakh crore to Rs 191.2 lakh crore during FY05 to FY25. Meanwhile, market share of Public Sector Banks’ (PSBs) showed continued revival after a secular decline since FY08, with PSBs gradually reclaiming market share, indicating balance sheet repair and renewed lending appetite. The report noted that CASA stability masked divergent trends across bank groups with private banks strengthening CASA shares, while foreign banks witnessed erosion. 

The report pointed that there is a gap between maturity profile of share of deposits and advances for 6 months to 1 year and 1 to 3-year time bucket and the 35% share of advances in 1-3 years bucket indicating increasing tendency of pre-payment among borrowers. Further, the unsecured advances expanded from Rs 2 lakh crore to Rs 46.9 lakh crore, with share rising to 24.5% in FY25 from 17.7% in FY05. Besides, PSBs accounted for half of the unsecured lending followed by Private Sector Banks. On the asset side, Indian banks assets size has increased from merely Rs 23.6 lakh crore in FY05 to Rs 312.2 lakh crore in FY25.

The CNX Nifty is currently trading at 25705.50, down by 84.75 points or 0.33% after trading in a range of 25700.85 and 25899.80. There were 15 stocks advancing against 34 stocks declining on the index, while 1 stock remained unchanged.

The top gainers on Nifty were ONGC up by 2.97%, Eternal up by 1.68%, ICICI Bank up by 1.65%, Hindalco up by 1.20% and Tech Mahindra up by 1.07%. On the flip side, Larsen & Toubro down by 3.06%, Trent down by 2.16%, Dr. Reddy's Lab down by 1.73%, Reliance Industries down by 1.67% and Interglobe Aviation down by 1.62% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1702.11 points or 3.17% to 53,642.00, Hang Seng advanced 173.52 points or 0.65% to 26,782.00, Taiwan Weighted added 139.93 points or 0.46% to 30,707.22, KOSPI increased 67.85 points or 1.45% to 4,692.64 and Straits Times was up by 30.31 points or 0.64% to 4,797.09. On the flip side, Shanghai Composite weakened 27.91 points or 0.67% to 4,137.38 and Jakarta Composite was down by 30.33 points or 0.34% to 8,854.39.