Indian equity markets are set to begin the Christmas week on a firm note, supported by improving global cues and a return of foreign investor buying. GIFT Nifty trading near 26,175 indicates a gap-up opening of around 150 points for benchmark indices on Monday.
Foreign portfolio investors have turned net buyers over the past few sessions. FIIs bought equities worth ₹3,596 crore in the cash market over the last three trading days, offering fresh support to domestic sentiment after a prolonged period of selling.
Derivatives and Institutional Activity Snapshot
FIIs added index futures longs and reduced shorts; net long exposure at 9%
Heavy put writing pushed PCR for Nifty and Sensex into bullish territory
India VIX declined 2% to 9.5, signalling lower volatility
Both FIIs and DIIs remain net buyers in cash markets
Overall setup suggests a gap-up opening followed by a potentially choppy session
Market participants indicate that continued FII buying could open the door for fresh record highs in the Nifty, keeping the broader trend tilted towards a “buy on dips” approach unless data trends reverse.
Key Stocks in Focus
Infosys announced a strategic alliance with NVIDIA, combining Infosys’ enterprise solutions with NVIDIA’s advanced GPU-based AI infrastructure to deliver scalable, end-to-end AI offerings for global clients.
Indian Hotels Company Ltd (IHCL) approved the sale of its 25.52% stake in Taj GVK Hotels & Resorts to a promoter group entity at ₹370 per share, raising promoter holding to nearly 75% while retaining hotel management responsibilities.
Gujarat Kidney IPO opens today at a price band of ₹108–114, aiming to raise ₹251 crore to fund hospital acquisitions and expansion plans.
Outlook for the Day
With improving institutional flows, subdued volatility, and positive global cues, markets are expected to start strong. However, thinner year-end volumes may lead to stock-specific action rather than broad-based rallies.
