Indian equity markets relinquished some gains during late trade echoing a cautious mood ahead of third quarter earnings release of Reliance Industries, Wipro and Tech Mahindra. Meanwhile, markets continued to trade in positive terrain as investors remained optimistic about country’s economic resilience after the World Bank in its flagship report ‘Global Economic Prospects’ upwardly revised India’s Gross Domestic Product (GDP) growth forecast by 0.9 percentage points to 7.2% for the current fiscal year (FY26), from its June projections of 6.3%, highlighting robust domestic demand and tax reforms. Further, positive merchandise exports data kept trading sentiments upbeat. The commerce ministry in its latest data has showed that India’s merchandise exports rose 1.87% to $38.5 billion in December 2025 as compared to $37.80 billion in December 2024, despite persistent global economic headwinds. 

On the global front, Asian equity markets were trading mixed ahead of release of economic growth data from China. European equity markets were trading mostly in red as investors monitored ongoing geopolitical events and earnings news.

The BSE Sensex is currently trading at 83642.78, up by 260.07 points or 0.31% after trading in a range of 83456.50 and 84134.97. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index gained 0.22%, while Small cap index was down by 0.20%.

The top gaining sectoral indices on the BSE were IT up by 3.42%, TECK up by 2.38%, Bankex up by 1.10%, Oil & Gas up by 0.20% and Realty up by 0.08%, while Consumer Durables down by 1.25%, Healthcare down by 1.07%, Capital Goods down by 1.05%, Power down by 0.97% and Consumer Discretionary down by 0.74% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 5.31%, Tech Mahindra up by 4.31%, HCL Technologies up by 1.41%, SBI up by 1.21% and Ultratech Cement up by 0.69%. On the flip side, Eternal down by 2.76%, Bharat Electronics down by 2.39%, Sun Pharmaceutical Industries down by 1.93%, Maruti Suzuki down by 1.80% and ITC down by 1.40% were the top losers.

Meanwhile, the commerce ministry in its latest data has showed that India's merchandise exports to the US declined 1.85 per cent to $6.88 billion in December 2025 as compared to $7.01 billion in the corresponding period of the previous year, impacted by high tariffs imposed by the US. Exports to the US also contracted in September and October last year, before rebounding 22.61% in November. Imports from the US grew 7.57 per cent to $4.03 billion in December 2025.

On a cumulative basis, the country's exports to the US increased 9.75 per cent to $65.87 billion during the April-December period of this fiscal year, while imports rose 12.85 per cent to $39.43 billion during the period. The US has imposed a sweeping 50 per cent tariff on Indian goods entering American markets from August 27, 2025. India and the US are actively negotiating a Bilateral Trade Agreement (BTA) to significantly boost commerce.

India's exports to the UAE, Germany, Hong Kong, Spain, Malaysia and Vietnam saw positive growth in December. However, exports to the Netherlands, UK, Bangladesh, Singapore, Saudi Arabia, Italy, Australia, Nepal, Brazil, South Africa and France registered negative growth. On the imports front, inbound shipments during the month under review declined from nations like Russia, Switzerland, Indonesia, Thailand and Qatar. However, imports rose from the UAE, Saudi Arabia, Iraq, Singapore, and Japan.

The CNX Nifty is currently trading at 25704.95, up by 39.35 points or 0.15% after trading in a range of 25662.40 and 25873.50. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Tech Mahindra up by 5.38%, Infosys up by 5.17%, Wipro up by 2.88%, Shriram Finance up by 1.77% and HCL Technologies up by 1.58%. On the flip side, Cipla down by 2.73%, Eternal down by 2.62%, JIO Financial Services down by 2.47%, Hindalco down by 2.34% and Maruti Suzuki down by 2.31% were the top losers.

Asian equity markets were trading mixed; Taiwan Weighted added 598.12 points or 1.9% to 31,408.70, KOSPI increased 43.19 points or 0.89% to 4,840.74, Straits Times rose 13.36 points or 0.28% to 4,846.70 and Jakarta Composite gained 42.83 points or 0.47% to 9,075.41, while Nikkei 225 slipped 44.5 points or 0.08% to 54,066.00, Hang Seng declined 112.62 points or 0.42% to 26,811.00 and Shanghai Composite weakened 10.69 points or 0.26% to 4,101.91.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 11.99 points or 0.12% to 10,226.95 and France’s CAC fell 36.32 points or 0.44% to 8,276.80, while Germany’s DAX gained 27.21 points or 0.11% to 25,379.60.