Indian shares subdued on muted trading activity, selling pressure near record high levels

Ola Electric Mobility

26/12/2025 06:05

** India's stock benchmarks Nifty 50 .NSEI and Sensex .BSESN fall 0.3% each on Friday, in a subdued trading session marked by muted volumes

** Twelve of the 16 major sectors decline

** The price action indicates selling pressure in Indian markets at near record high levels and a lack of follow-through buying, suggesting short-term exhaustion, says Amruta Shinde, analyst at Choice Equity Broking

** Bucking the broader trend, Ola Electric OLAE.NS rises 2.2% after its unit gets about 3.7 billion rupees in production-linked incentives (PLI) from the government

** OLAE leads small-cap index .NIFSMCP100 0.3% higher, mid-caps .NIFMDCP100 trade flat

** Castrol India CAST.NS gains 3% as Canada Pension Plan Investment Board, PE firm Stonepeak to launch an open offer to buy up to 26% stake following their deal to acquire CAST from BP BP.L

** Despite the subdued trade on Friday, Nifty and Sensex are up about 0.4% each this week, poised to snap a three-week losing run, led by metals on a pick-up in demand in top consumer China, weakness in the U.S. dollar and a stable U.S. growth outlook

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))