Indian equity markets opened on a firm note on Tuesday, December 23, 2025, with benchmark indices tracking positive global cues and steady domestic sentiment. Buying interest was visible across select heavyweight stocks, with ONGC, Bajaj Finance and Coal India shares emerging as key early gainers as the Nifty crossed the 26,200 mark in morning trade.
Market Opens on a Positive Footing
At 9.15 AM IST, the Nifty opened above 26,200, setting a constructive tone for the weekly options expiry session. Early gains were supported by strength in Asian equities, firm commodity prices and stable currency movement. At 10:17 AM the BSE SENSEX was trading at 85,548.52, while the NIFTY 50 stood at 26,183.35 with a slight gain of 10.95 points.
The Indian rupee opened at 89.64 per US dollar, marginally stronger compared to Monday’s close of 89.65. The stable currency helped improve risk appetite, especially in rate sensitive and commodity linked stocks.
(Source: NSE, CNBC-TV18)
Global Cues Support Risk Appetite
Asian markets traded higher on Tuesday, aided by momentum buying ahead of the festive holiday season. Investors remained cautious but optimistic as markets awaited an advanced reading of US GDP data later in the day.
Precious metals also moved higher in early Asian trade. Gold prices remained close to record levels, supported by expectations of easier global monetary policy, ongoing geopolitical uncertainty and steady purchases by central banks.
Spot gold touched an all-time high of $4,445.69 per-ounce during early trade. In the domestic market:
- 24-carat gold traded at ₹13,616 per gram
- 22-carat gold stood at ₹12,481 per gram
- 18-carat gold was priced at ₹10,212 per gram
(Source: Moneycontrol, CNBC-TV18)
ONGC, Bajaj Finance and Coal India Shares Lead Nifty
Among the top gainers on the Nifty 50 as of 9.24 AM, Coal India, ONGC and Bajaj Finance recorded healthy gains, reflecting stock specific buying interest. Coal India is accelerating mineral development and coal gasification initiatives, while its debt-free arm Bharat Coking Coal Limited prepares for a ₹1,300 crore IPO to improve transparency and unlock long-term value, supported by a sharp rise in production.
(Source: livemint)
Nifty Top Gainers Snapshot
| Stock Name | Open (₹) | LTP (₹) | % Change |
|---|---|---|---|
| Coal India | 387.45 | 394.50 | 2.14 |
| ONGC | 234.60 | 236.04 | 0.79 |
| Bajaj Finance | 1,013.50 | 1,015.20 | 0.73 |
| Grasim | 2,811.00 | 2,827.50 | 0.63 |
| Power Grid | 265.00 | 266.65 | 0.62 |
(Source: NSE as of 9.24 AM IST)
Stock Specific News
Several corporate developments also kept individual stocks in focus during early trade.
- Ambuja Cements: Ambuja Cements (+1.90 percent at 10.06 AM) received board approval for the merger of ACC and Orient Cement (+5.68 percent at 10.06 AM) with itself, forming a unified One Cement Platform. Under the scheme ACC shareholders will receive 328 equity shares of Ambuja for every 100 shares held. Orient Cement shareholders will receive 33 equity shares for every 100 shares held
- Belrise Industries: A large block deal saw 5.83 crore shares, representing 6.55 percent equity, change hands at ₹153.7 per-share. The total transaction value stood at ₹897 crore.
- Lenskart Solutions: Lenskart Singapore approved the acquisition of 2.5 lakh ordinary shares, representing 50 percent stake in Marco Optical Thailand, from Matt Optical. Post acquisition, Sunrise Thailand will operate as a joint venture with equal ownership.
(Source: Moneycontrol, CNBC-TV18)
Order Wins and Infrastructure Activity
Several midcap stocks were in focus after announcing large order wins:
- Antony Waste Management secured a ₹330 crore order from Thane Municipal Corporation for a 10-year period.
- GPT Infraprojects surged 5.89 percent after it emerged as the lowest bidder for a ₹670 crore NHAI project, over 50 percent of its market capitalisation.
- Saatvik Green Energy gained 1.20 percent after its material subsidiary, Saatvik Solar Industries, secured orders worth ₹486 crore from a leading IPP/EPC player for the supply of solar PV modules, underlining strong demand momentum in the renewable energy space.
- Sanghvi Movers’ renewable arm won orders worth ₹428.72 crore from multiple power producers.
(Source: Moneycontrol, CNBC-TV18)
Other Key Corporate Updates
- IRCTC will exit the F&O segment from February 25, 2026, with existing contracts continuing until expiry.
- HCLSoftware announced plans to acquire Jaspersoft for $240 million.
- Prestige Estates acquired 25 acres of land in Chennai with revenue potential exceeding ₹5,000 crore.
- Ola Electric repaid promoter level debt, releasing 3.93 percent pledged shares, while promoter holding remains at 34.6 percent.
(Source: Moneycontrol, CNBC-TV18)
Bulk Deals and Listings
- Ruby QC Investment Holdings exited Akums Drugs, selling 72.78 lakh shares for ₹311.5 crore
- Prazim Trading acquired 5.06 crore units in National Highways Infra Trust for ₹754.24 crore
- KSH International marked a mainboard listing, adding to market activity.
(Source: CNBC-TV18)
The Bottomline
With ONGC, Bajaj Finance and Coal India shares advancing early and global cues remaining supportive, market participants are expected to stay selective as the session progresses, closely tracking macro data and stock specific triggers. With the Nifty holding firm above 26,200, the overall sentiment remains positive for the Tuesday session.
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