News Overview

Nifty Smallcap 100 Posted a Mild Decline in December

Nifty 50 Ends December with a Slight Loss

Midcap 100 Ends December With Modest Losses

Markets saw a selective rebound as NIFTY rose 1.09%, led by banks, while volatility stayed high and IT lagged, keeping gains narrow and follow-through weak.

The Union Budget 2026 reinforced fiscal discipline and sustained India’s investment-led growth strategy, with a fiscal deficit target of 4.3% of GDP, capex rising to ₹12.2 lakh crore, and a focus on high-quality, sector-diversified infrastructure spending that included semiconductors, electronics, and pharmaceuticals alongside traditional roads and railways.

In a sense, the Union Budget 2026-27 has been aligned with the larger goal of Viksit Bharat

NIFTY 50 – Stabilises After Last Week’s Sell-Off

There was not much in the budget for mutual funds, as most of the expectations did not really materialize

There was a lot of hue and cry over the STT increase, but that would only be a part of the overall capital market implications

There was not much for the people to cheer about on the direct tax front, but then a lot has already been done