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Below the Quote on Daily Market Commentary for 18th December 2025 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian equities remained lacklustre for the fourth consecutive day with Nifty50 ending sideways with a marginal loss of 3 points at 25,816. There was some rebound in INR and the FIIs turned net buyers for the first time in the month of December, buying equities worth Rs1,172crore, offering some relief after weeks of relentless selling. The broader markets reflected some buying interest with Nifty Midcap100 and Smallcap100 up 0.3% and 0.1% respectively. Amongst sectoral indices, Nifty IT rose over 1%, followed by Nifty Financial Services (up 0.8%). Conversely, Auto and Pharma indices were down 0.6% and 0.3% respectively. Shares of asset management companies rallied after SEBI approved changes to mutual fund fee structure, making compliance easier and cutting cost pressure. On the macro front, investors await the Bank of England (BoE) and the European Central Bank (ECB) interest rate decisions, US retail inflation and jobless claims data to be announced today. Further, Bank of Japan will kick off its two-day meeting, with the central bank expected to raise interest rates from 0.5% to 0.75% on Friday. Overall, we expect the market to consolidate within a range, tracking INR/USD movement, FII flows and global macro data.

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