Overview
India's benchmark BSE Sensex touched a record 85,432 points at 10:30 AM IST on December 17, 2025, propelled by expectations of a Reserve Bank of India 50 basis point rate cut on December 18. IT heavyweights TCS and Infosys reported 15% profit jumps, lifting Nifty50 2.1%.
Festive Diwali spending data shows 12% consumer uptick, underpinning the rally in Asia's third-largest economy.
Key Developments
- Sensex opens at 84,500, peaks 85,432 by 10:30 AM; RBI Governor Shaktikanta Das signals 'accommodative' policy in morning note.
- TCS posts ₹12,500 crore Q3 profit at 8 AM: 'AI deals double to $5B,' CEO says.
- Mumbai trading floor buzz: rupee at 83.45/USD, FII inflows $2B this week.
Analysis
| Factor | Current Status | Implications |
|---|---|---|
| Economic | RBI eyes 25bps inflation drop; GDP forecast 7.2% FY26 | Cheaper loans spur housing, auto sales 10% in Q4 |
| Political | Modi govt touts reforms; budget Feb 1 eyes capex hike | Stability aids 2029 polls; FDI in tech surges |
| Social | 20M new demat accounts YTD; retail frenzy in smallcaps | Wealth effect lifts middle class; volatility risks for newbies |
Expert Reactions
Shaktikanta Das (RBI): 'Growth-inflation balance key.' TCS CEO K Krithivasan: 'GenAI pipeline robust.' Emkay analyst: 'Target 90K by March'.
What's Next
RBI policy Dec 18 at 10 AM IST; Q3 GDP data Jan 7; budget Feb 1 with tax cuts floated.