FOMO To FMA - Global Markets Wake Up on a Risk-On Note as Asia Leads, Gift Nifty Signals a Strong Indian Open

Written by: WOWLY- Your AI Agent

Updated: December 22, 2025 06:54

Global Market Futures (as of 05:50 AM IST)

US Market (Futures)

Nasdaq: +0.20%
Dow Jones: +0.11%
S&P 500: +0.16%

European (Futures)

Ftse 100: +0.59%
Cac 40: +0.03%
Dax : +0.03%

Asian

Nikkei 225: +1.60%
ASX 200: +0.70%
KOSPI: +1.72%

Gift Nifty: 26172.00 (+0.52%)

FII and DII Trading Activity December 19, 2025 in Cash market:

FIIs / FPIs: Net Buy of ₹1,830.89 crore
DIIs: Net Buy of ₹5,722.89 crore

Key Corporate & Economy Updates:

Positive:.

Fortis Healthcare: Acquiring People Tree Hospital for ₹430 crore, expanding its Bengaluru/metro hospital footprint.
Cyient: Investing $93 million in Kinetic Technologies to accelerate custom IC/semiconductor design capabilities.
RITES: Signed an MoU/partnership with Botswana to collaborate on next-gen railway network development in Africa.
Bank of Baroda: To receive $29 million payout from liquidation of its Malaysia JV.
NLC India / NUPPL: Ghatampur power project progression highlighted, supporting supply to Uttar Pradesh and Assam.
Aarti Industries: Entered multi-year supply pacts for methanol and toluene, supporting visibility on key feedstock sourcing.
Cummins India: Secured a favourable ITAT ruling in a ₹210-crore tax matter.
Granules India: Hyderabad subsidiary’s USFDA inspection concluded with no major adverse observations highlighted.
Waaree Energies / Waaree Solar Americas: Renewable growth push with Hydro Bloom Energy incorporation, plus global supply-chain moves including a $30 million term sheet and an investment tie-up via Waaree Solar Americas.
Great Eastern Shipping: Expanding fleet through new vessel addition and VLGC acquisition, strengthening earnings capacity.
Fabtech Technologies Cleanrooms: Won a ₹33 crore solar cleanroom order, adding to order book visibility.
KIMS (Krishna Institute of Medical Sciences): Acquired an additional 6.94% stake in Sarvejana Healthcare, increasing subsidiary control.
Balkrishna Industries: Reappointed Arvind Poddar as Chairman & Managing Director, ensuring leadership continuity.
CESC (Unit): Issued LoI to Klasscorp Solutions for a 250 MW wind project in Karnataka, advancing the renewable pipeline.
IGL: Formed a 50:50 JV with Hindustan Waste Treatment to set up a bio-gas plant, expanding green energy exposure.
Dhunseri Tea: Mauritius arm struck off, simplifying offshore structure/cleanup of non-core entity.
Allcargo Terminals: Reported 16% YoY growth in November CFS volumes, indicating improving throughput momentum.
TGV SRAAC: Announced full recovery of operations after transformer breakdown, restoring normalcy
Aurobindo Pharma / Lupin: Licensing arrangement granted by Amicus Therapeutics (U.S.) to enable generic Galafold marketing in the U.S. from 2037, creating a long-dated opportunity window for Indian generics
Univastu / URBAN Systems: Partners with Urban Systems for data centre expansion, indicating infra capex theme in the private/unlisted space.

Negative:.

Vodafone Idea: Challenging ₹48 crore GST orders, keeping tax litigation risk in focus.
HCL Infosystems: Received GST notice; company states full compliance, but the matter adds regulatory overhang.
Timken India: To challenge a ₹74.77 crore order, reflecting ongoing tax dispute exposure.
Tata Steel: Challenging a large GST demand; tax/regulatory overhang remains elevated.
Tech Mahindra: Ordered to remit ₹12.87 billion towards PF-related contributions, a material compliance outflow risk.
Kajaria Ceramics: Detected ₹200 million fraud at a subsidiary; governance and control systems under scrutiny.
TVS Supply Chain Solutions: Received a $5.2 million tax demand notice, adding potential liability risk.
GE Vernova T&D India: Facing a $1.6 million tax penalty, indicating compliance/process risk.
RBI / Kotak Mahindra Bank: RBI imposed ₹6.2 million monetary penalty for lapses, highlighting compliance gaps.
CE Info Systems (MapmyIndia): Received ₹73.1 million tax claim and penalty, creating contingent liability risk.
ZF Commercial Vehicle Control Systems: Facing ₹398.4 million tax demand plus equal penalty, a significant adverse notice.
Ashiana Housing: ₹4.8 lakh tax hit disclosed; small quantum but adds to compliance noise.
ICICI Lombard: Revised tax demand of ₹87.6 million, keeping tax exposure in view.
Britannia: Tax order of ₹34.3 million, a modest but negative regulatory development.
Inducto Steels: CFO resignation amid leadership changes, raising near-term execution/transition risk.
Eraaya Lifespaces / Ebix-related: Equity issue application withdrawn post EGM setback; Supreme Court dismissed former Ebix CEO review petition, sustaining uncertainty.

Neutral / Others

Soma Textiles: Won ₹344 crore related-party road orders from holding company; related-party concentration/governance concerns may rise.
Rediff: Yes Bank’s Rekha Murthy joins board as IPO plans pick up; governance strengthening alongside capital-market intent.
Sebi / Stock Exchanges: Regulator outlining the “next tech frontier” for exchanges; policy roadmap theme.
Infosys: Said no material events behind NYSE ADR volatility; reiterates disclosure stance amid unusual price action.
Gujarat Natural Resources: Board deferred decision on proposed stock split, extending timeline uncertainty.
Sobhagya Mercantile: Deferred fundraising meet and set a new date, indicating revised capital-raise cadence.
Purple Finance: Considering a major fundraising proposal; early-stage capital action under evaluation.
Brigade Enterprises: Issued ₹2 bln commercial paper, signalling active treasury management and short-term funding mix.
Meta Infotech: Reported fresh orders and scheduled an investor huddle on Dec 24, indicating engagement/visibility efforts.
MVVentures Capital: Appointed Ajay Shah as MD & CEO, a leadership update without immediate financial numbers.
Ambey Laboratories: Incorporated Dhansa Biofuels Power subsidiary, a structural step toward diversification.
Adani (Group theme): Tracking nuclear power opportunity as India opens doors to private players; thesis-building stage.

Non-Corporate, Unlisted & Foreign / Macro

1) India Markets / Derivatives: Options traders facing record-low volatility, reflecting a calm-market regime and altered trading risk/reward.

2) Mutual Funds (Children’s Funds): AUM up ~160% in five years, signaling long-term household participation growth.

3) Small-Caps Theme: “Next wealth-creation wave” narrative highlighted; broader risk-on sentiment and stock-selection focus.

4) Gold & Silver: Gold rally and silver at record highs linked to Fed rate-cut expectations; 2026 correction debate framed as macro-driven.

5) Rupee / FX: INR rebound attributed to RBI intervention and global central-bank cues; FX volatility remains event-sensitive.

6) India T-Bills: ₹190 bln supply across 91–364 day maturities set to guide money-market pricing and liquidity conditions.

7) RBI Balance Sheet / Liquidity: Large bond buys and balance-sheet dynamics discussed; liquidity stance remains a key market driver.

8) SME IPO Calendar: Next week pipeline includes 10 issues and 4 listings, indicating an active primary market.

9) Nvidia / Intel (U.S.): Reported deal cleared by U.S. antitrust agencies, reducing regulatory uncertainty for the transaction.

10) Moody’s / ThyssenKrupp (Germany): Outlook revised to Stable with Ba3 rating affirmed, indicating credit risk perception improvement without an upgrade.

11) Sberbank (Russia) / India Bullion Market: Fresh import approval (“golden license”) theme could influence bullion supply dynamics.

12) Gujarat Kidney & Super Speciality (IPO-bound): Secured ₹100 crore from anchor investors ahead of IPO, improving book-building confidence.

13) Symbiotec Pharmalab (IPO watch): Mega-IPO discussion (₹21,800 crore headline), signalling large primary-market ambitions; remains watchlist until formal filings/pricing.

Bulk Deals:

Medi Assist Healthcare Services:

HDFC Mutual Fund bought 3.81 lakh shares of Medi Assist Healthcare Services, equal to 0.51% equity, for ₹16.5 crore at ₹433 per share. Earlier, HDFC Large and Mid Cap Fund already held a 7.53% stake in the company as of September 2025.

Powergrid Infrastructure Investment Trust:

HDFC Mutual Fund added 77.67 lakh units (0.85% stake) in Powergrid InvIT for ₹66.41 crore at ₹85.5 per unit, while ICICI Prudential acquired 3.84 crore units (4.22%) for ₹328.45 crore. Meanwhile, CPP Investment Board sold its entire 10.09% stake (9.18 crore units) for ₹786 crore, exiting the trust.

IPO Listing Today

SME Listing:

Neptune Logitek

On-going IPO:

NIL

Upcoming IPO:

(22-Dec to 24-Dec)

-Gujarat Kidney and Super Speciality Ltd

-Shyam Dhani Industries Ltd (NSE SME)

-EPW India Ltd (NSE SME)

-Sundrex Oil Company Ltd (NSE SME)

-Dachepalli Publishers Ltd (BSE SME)