Global Market Futures (as of 06:10 AM IST)*
US Market (Futures)
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Nasdaq: -0.39%
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Dow Jones: +0.05%
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S&P 500: -0.24%
European (Futures)
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Ftse 100: -0.07%
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Cac 40: -0.05%
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Dax : +0.31%
Asian
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Nikkei 225: -0.24%
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ASX 200: +0.84%
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KOSPI: +0.64%
Gift Nifty: 25966.50 (+0.51%)
FII and DII Trading Activity December 10, 2025 in Cash market:
FIIs / FPIs: Net Sell of ₹1,651.06 crore
DIIs: Net Buy of ₹3,752.31 crore
US Federal Interest Rate Decision:
The Federal Reserve cut its benchmark federal funds rate by 25 basis points on December 10, 2025, lowering the target range to 3.50–3.75 percent, marking the third straight reduction this year. The FOMC cited moderating but still elevated inflation and a cooling labor market, with unemployment rising and job growth slowing, describing the move as part of ongoing “normalization” to support employment and guide inflation back toward the 2 percent target as tariff effects diminish. The Fed emphasized a data-dependent, cautious stance, noting heightened uncertainty and readiness to adjust rates if economic risks intensify. Updated projections show the median federal funds rate expected at 3.4 percent by the end of 2026 and 3.1 percent by the end of 2027, with a central tendency of 2.9–3.6 percent for both years and a broader range reflecting ongoing uncertainty
Key Corporate & Economy Updates:
Positive:
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TCS: Has approved the acquisition of Coastal Cloud Holdings for an enterprise value of up to USD 700 million, including upfront and deferred payments.
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Highway Infrastructure: Has its toll collection contract value fixed at ₹61.8 million and the toll collection period extended by one month.
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TCC Concept: Has increased its stake in Pepperfry by 9.66% for ₹652.1 million, reinforcing its strategic investment in the platform.
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Lemon Tree Hotels: Has signed two new properties, expanding its managed/owned hotel portfolio.
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Tata Steel: The Company has approved major expansion moves, including engineering work for a 1 MTPA demo plant at Jamshedpur, a 0.7 MTPA galvanizing line at Tarapur, a 2.5 MTPA thin slab caster and rolling facility at Meramandali, and a 4.8 MTPA capacity boost at Neelachal Ispat Nigam. It also acquired a 50.01% stake in Thrive-NI Pellets for ₹6.36 billion to secure iron ore pellet supply.
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Vertoz: Has approved a proposed investment of ₹500 million in its unit, supporting expansion of its business operations.
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RNIT AI Solutions: Has received a Tier-2 order from Andhra Pradesh Technology Services in the range of ₹10 million–₹100 million, adding to its order book.
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Tara Chand Infralogistic Solutions: Has been awarded a contract valued at ₹241.4 million over 1.3 years, strengthening revenue visibility.
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SBI Life: Benefits as SAT has dismissed SILIC’s appeal against an IRDA order, removing a regulatory overhang.
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Lloyds Metals and Energy: Has approved acquisition of a stake in Nexus Holdco FZCO for up to USD 55 million and a non-binding MoU with Tata Steel, indicating strategic expansion and potential collaboration in the steel value chain.
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GeeCee Ventures: Has invested ₹251.8 million in Adani Green Energy, marking a strategic investment in the renewable energy space.
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Ashoka Buildcon: Has set the project bid price at ₹18.16 billion; its Adani–Ashoka–Aakshaya JV structure envisages Adani at 51% and Ashoka at 26%; and has received a Letter of Acceptance (LoA) for a BMC project, enhancing its order book and JV positioning.
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Adani Enterprises: Has seen its ₹250 billion rights issue achieve 108% oversubscription, signalling strong investor interest and providing substantial growth capital.
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NALCO: Has been awarded an MDO (mine developer and operator) contract worth ₹50.32 billion, materially strengthening its project pipeline.
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Bank of India: Has accepted bids at a 7.28% coupon rate and issued Basel III Tier II bonds worth ₹25 billion, bolstering its regulatory capital base.
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Mazagon Dock Shipbuilders: Has signed an MoU with the Brazilian and Indian navies, supporting future opportunities in defence shipbuilding and international cooperation.
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Central Bank of India: Has entered into an agreement with Bandhan AMC to offer mutual fund products, expanding its retail investment product bouquet.
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Fermenta Biotech (Fermenta): Has received board approval for capex of ₹110 crore at Dahej for plant-based Vitamin D3, green chemistry enzyme, and Vitamin D3 derivatives, supporting growth in speciality ingredients.
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Jio Financial Services: Will invest ₹935 million to fund operations, and together with BlackRock has been allotted 9.35 million equity shares of Jio BlackRock Investment Advisers, reinforcing the JV’s capitalisation and growth plans.
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ATISHAY: Has been awarded a work order for micro ATMs worth ₹7.9 million, adding to its fintech deployment revenues.
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KEI Industries: Has started commercial production of LT/HT cables in Gujarat, expanding manufacturing capacity and geographical reach.
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State Bank of India: Has received RBI approval for a digital payments intelligence platform, positioning the bank to play a key role in the proposed industry-wide payments risk-intelligence framework.
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Bank of Baroda (Strategic Holding): Has received RBI approval to hold shares in excess of proposed limits in the planned Indian Digital Payment Intelligence Corporation, enabling meaningful participation in the new platform.
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Meta Infotech: Has received purchase orders totalling ₹10.2 million, adding to near-term revenue visibility.
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DCM Shriram: Along with Bayer, has signed an MoU that establishes a framework for partnership in the chemicals business and for agri-inputs and digital advisory in agriculture, enabling collaborative growth opportunities.
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IndusInd Bank: Together with Jio-bp, has launched the ‘IndusInd Bank Jio-bp Mobility*’ credit card, enhancing the bank’s co-branded card portfolio and offering fuel/energy-linked benefits.
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Cipla: Will distribute Yurpeak in India after DCGI approval and has launched Yurpeak for obesity and type 2 diabetes, expanding its chronic/metabolic therapy portfolio.
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Meesho: Has made an investment of ₹28.9 billion and has made a further investment in Meesho Technologies, indicating continued capital deployment and internal funding in the e-commerce ecosystem.
Negative:
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IndiGo: The Airlines cut its FY2025–26 passenger revenue guidance to a mid-single-digit decline and lowered capacity growth to high single digits due to DGCA curbs. Severe disruptions, delays, and cancellations are likely to hurt near-term performance despite strong liquidity. The chairman admitted reputational damage and pledged technical review.
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Kalpataru Projects International: Faces a penalty imposed by a Tunisian authority amounting to TND 134,446, indicating a project-related liability.
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Chambal Fertilisers and Chemicals: Has received an order for withdrawal of 11 products in Haryana, which may impact its regional product portfolio and revenues.
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Sagility: Has received a tax demand of ₹351.30 million, creating a contingent liability and potential cash outflow risk.
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Mankind Pharma: Has received a tax penalty of ₹153.2 million, adding to regulatory and financial headwinds.
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GE Power India: Has received a tax penalty of ₹319.5 million, increasing its tax-related exposure.
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TVS Supply Chain Solutions: Has received a tax penalty of ₹2.5 million, reflecting adverse tax adjudication.
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LIC: Has received a substantial tax demand order with interest of ₹8.50 billion and a penalty of ₹1.38 billion, significantly elevating tax-related liabilities and uncertainty.
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Reliance Infrastructure: Is impacted by an Enforcement Directorate investigation that has revealed that a company via SPVs allegedly siphoned public funds from highway construction projects awarded by NHAI, and ED has seized 13 bank accounts of Reliance Infrastructure, indicating serious enforcement and reputational risks.
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Adani Green Energy: Faces an overhang as TotalEnergies Renewables Indian Ocean has sold 28.6 million Adani Green shares at ₹970 per share via a bulk deal on the NSE, increasing free float and potential supply pressure in the near term.
Neutral / Others
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Onelife Capital Advisors: Plans to raise up to ₹300 million via a rights issue to strengthen capital and fund growth.
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Tata Chemicals: Plans to issue non-convertible debentures aggregating ₹15 billion, providing long-term funding for business needs.
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Power Grid Corporation: Plans to consider the merger of 13 units into two other units, aimed at simplifying its corporate structure and improving operational efficiencies.
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GOCL Corporation: Plans to consider the merger of HNPCL into the company, indicating potential consolidation and synergy benefits.
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Petronet LNG: Has executed a rupee term loan agreement of ₹120 billion, with proceeds to be utilised for its petrochemicals project and other capital expenditure, supporting growth investments.
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Prestige Estates Projects: Now indirectly holds 66.93% partnership interest in Bharatnagar Buildcon LLP after its unit acquired partnership interest, consolidating its stake in the project platform.
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RSWM: Has entered a new agreement with Malik Heights for ₹520 million, while its Didwania Trading contract was terminated on December 10, 2025, resulting in a mixed impact with new business offset by contract discontinuation.
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UCO Bank: Has revised its one-year MCLR to 8.80%, which could modestly support margins but may raise borrowing costs for customers, implying a broadly neutral impact.
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Bank of Baroda (Rates): Has kept its one-year MCLR unchanged at 8.75%, signalling rate stability for borrowers and a neutral impact on margins.
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Premium Plast: Plans to consider fundraising via securities issuance, which would be capital-accretive but potentially dilutive, with impact dependent on structure and pricing.
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Amarnath Securities: Plans to consider raising funds, with the effect on capital and dilution to be determined based on the instrument and amount.
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Nestle India: Will see a planned senior leadership transition as CFO Svetlana Boldina takes up a new assignment with a Nestlé affiliate and relinquishes her CFO role effective January 31, 2026, representing a neutral impact pending successor details.
Non-Corporate, Unlisted & Foreign / Macro
1) Akasa Air: Has expanded its fleet to 31 aircraft, supporting further network and capacity growth.
2) US Treasury / Lukoil: The US Treasury extended sanction relief, permitting negotiations on Lukoil’s foreign assets until January 17 and authorized transactions linked to Lukoil International GmbH’s sale, easing restrictions and allowing counterparties more flexibility in completing related deals.
3) India Aviation Regulator: India’s aviation regulator strengthened oversight by directing inspection teams to conduct additional on-spot airport checks and forming a special team to monitor IndiGo’s operational issues, with members stationed at its headquarters to ensure stricter compliance.
4) RBI: Currency in circulation rose ₹250.27 billion to ₹38.92 trillion in the week to Dec 5, up 9.2% y/y, while reserve money grew just 0.8% y/y. Overall money supply (M3) grew 9.9% y/y as of Nov 28, signalling firm liquidity conditions.
5) India Govt / RBI – Securities Conversion: Will conduct, via the Government of India and the RBI, a conversion/switch of government securities on December 15 for an aggregate amount of ₹150 billion, as part of debt management operations.
6) India 10-Year G-Sec: Has seen the 10-year benchmark government bond yield (IN063335G=CC) end at 6.6649% versus the previous close of 6.6161%, indicating a rise in yields and some tightening in long-term rates.
7) SEBI – Re-KYC for NRIs: Has provided relaxation on geo-tagging requirements in India for NRIs while undertaking re-KYC, easing procedural requirements for non-resident investors.
8) India Trade Ministry / US Trade Ties: Has reported that India’s Commerce Secretary met the U.S. Deputy Trade Representative (Switzer), with both sides exchanging views on trade and economic ties, signalling ongoing engagement on bilateral trade issues.
9) Mexico – Import Tariffs: Has seen its lower house approve tariff hikes on imports from China and other Asian countries, potentially impacting trade flows and supply chains involving Asian exporters.
10) Malaysia Palm Oil – MPOB Outlook: Malaysia’s Palm Oil Board expects stronger export demand ahead of the Chinese New Year but projects inventories to rise beyond 3 million tons by December from November’s 2.84 million tons. With 2025 output likely topping 20 million tons, the market could face oversupply risks if exports fail to pick up.
11) Volkswagen India: Volkswagen India has introduced an early retirement scheme for about 2,300 factory workers, offering 75 days’ pay per service year or until retirement, as part of a broader drive to streamline capacity and reduce operational costs in its India operations.
12) Google AI Plus (India): Google has launched its AI Plus subscription service in India, offering access to Gemini 3 Pro, NotebookLM, and 200 GB of cloud storage for ₹399 per month, aiming to expand AI-driven productivity tools in the Indian market.
13) India Banking – Digital Payment Intelligence Platform: RBI has approved SBI to operate a digital payments intelligence platform and allowed Bank of Baroda to exceed shareholding limits in the proposed Indian Digital Payment Intelligence Corporation, advancing a unified fraud detection and risk management framework for the payments sector.
Bulk Deals:
Adani Green Energy:
TotalEnergies Renewables Indian Ocean sold a 1.7% stake (2.86 crore shares) in Adani Green Energy for ₹2,778 crore via block deals at ₹970 per share. Quant Mutual Fund bought the largest portion—1.23 crore shares (0.75%) for ₹1,200 crore—while 16 other investors, including BNP Paribas, Edelweiss MF, and Vanguard, acquired the rest.
Today's Listings:
SME
Luxury Time, Western Overseas Study Abroad
On-going IPO:
Last Date 12-Dec
-Park Medi World Ltd
-Nephrocare Health Services Ltd
-Unisem Agritech Ltd (BSE SME)
Upcoming IPO:
(11-Dec to 15-Dec)
-Pajson Agro India Ltd (BSE SME)
-HRS Aluglaze Ltd (BSE SME)
(12-Dec to 16-Dec)
-ICIC Prudential Asset Management Company Ltd
-Ashwini Container Movers Ltd (NSE SME)
-Exim Routes Ltd (NSE SME)
Securities Trading Ex-Dividend on December 11, 2025
Steel City Securities Ltd
Securities Under F&O Ban on December 11, 2025
Sammaan Capital, Bandhan Bank
Source: WOWNEWS24X7, Moneycontrol, Investing.com
