Benchmark equity indices ended the final trading sessions of 2025 on a strong note, buoyed by gains in metal stocks and heavyweight Reliance Industries.
The S&P BSE Sensex surged 545.52 points to close at 85,220.60, while the NSE Nifty50 advanced 190.75 points to settle above the key 26,100 mark at 26,129.60. Vinod Nair, Head of Research at Geojit Investments Limited, said expectations are building for a constructive rebound in 2026, supported by improving demand conditions.
“Investor sentiment will likely hinge on corporate earnings and a possible uptick in nominal GDP growth. Metal stocks led today’s gains after the government announced import tariffs on steel products, while the oil and gas sector outperformed on expectations of stable demand and stronger refining margins,” he said.
Among Sensex constituents, Tata Steel topped the gainers, rising 2.45%, followed by Kotak Mahindra Bank (up 2.17%). Reliance Industries climbed 1.86%, Axis Bank gained 1.82%, and Titan Company advanced 1.81%, providing broad-based support to the index.
On the downside, Tata Consultancy Services was the top laggard, slipping 1.29%. Tech Mahindra declined 0.86%, Infosys fell 0.49%, Bajaj Finance eased 0.27%, and Sun Pharmaceutical Industries ended marginally lower by 0.02%.
Ajit Mishra, Senior Vice President (Research) at Religare Broking, said market sentiment was driven largely by domestic policy cues and stock-specific action.
“The government’s decision to impose safeguard duties on select steel imports boosted sentiment in the metal space by improving earnings visibility for domestic producers. Strength in heavyweight stocks across sectors further supported the market, offsetting the impact of continued foreign institutional investor outflows,” he noted.
From a technical perspective, Mishra said the Nifty has once again approached the upper end of its consolidation range near 26,200.
“A decisive breakout above this level could trigger the next leg of the rally, while failure may lead to renewed profit-taking. We maintain a positive yet cautious outlook and prefer banking, auto and metal stocks, while remaining selective in other sectors,” he added.
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