Market Outlook 23-12-2025

Market Outlook

Asian equities extended their rally for a third straight session, riding on strong cues from Wall Street and reinforcing optimism that the much-anticipated year-end rally is gathering pace.

GIFT Nifty is trading nearly 40 points above Monday’s Nifty futures close, signaling a positive start for Indian equities.

The rupee gave up early gains and ended 3 paise weaker at 89.70 against the US dollar on Monday, after opening 24 paise stronger versus the greenback.

Key Events / Data to Watch

1. Delhi government amends liquor excise policy, increases storage limits

2. US regulators approve Novo Nordisk’s Wegovy pill for weight loss

3. Paytm to set up overseas subsidiaries in Indonesia and Luxembourg; UAE unit to induct Abbar Global SPV

4. Gujarat eases liquor rules at GIFT City; visitors allowed to drink with photo ID, no permit required

5. Supreme Court’s new Aravalli definition opens mining loopholes, reducing protection across large areas, say legal experts

6. Google parent Alphabet acquires Intersect in a $4.75 billion deal to secure AI data centre power

7. External Affairs Minister S. Jaishankar to visit Sri Lanka as the Prime Minister’s special envoy and meet top leadership

8. RBI to conduct ₹750 billion overnight variable rate repo auction under LAF

9. Indonesia says substantive issues in US trade talks resolved; agreement likely by late January

10. Indian investors positioning for an earnings growth revival to identify new winners in 2026 after underperformance versus Asian peers

11. Customs reform emerging as a key focus area in Budget 2026