Key Events for the Month of December 2025

• India’s Services Purchasing Managers’ Index (PMI) rose to 59.8 in November from 58.9 in October, signaling a “historically sharp” expansion in output.

• India’s Manufacturing Purchasing Managers’ Index (PMI) fell to a nine-month low of 56.6 from 59.2 in October, marking one of the steepest month-on-month declines.

• India’s Consumer Price Inflation (CPI) rose to 0.71% in November, up from 0.25% in October.

• India’s Wholesale Price Index (WPI) rose to -0.32% in November from -1.21% in October. The negative inflation print was attributed to lower prices of food items, mineral oils, crude petroleum and natural gas, basic metals, and electricity.

• India’s gross GST collections rose 6.1% year-on-year to ₹1.74 lakh crore, marking the fastest growth in three months.

• Equity markets registered significant year-on-year gains in December 2025, with the Nifty 50 rising by 10.5% and the BSE Sensex by 9.1%, supported by resilient corporate earnings, strong domestic investor inflows, sectoral outperformance, and a supportive macro-policy environment despite global volatility.

|	Sectoral Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
Nifty Auto Index	6.2%	18.1%	23.5%	30.7%	25.1%
Nifty Bank Index	9.1%	4.0%	17.1%	11.5%	13.8%
Nifty Energy Index	0.9%	-3.4%	0.4%	10.9%	15.8%
Nifty Financial Services Index	6.1%	1.6%	17.4%	13.3%	12.7%
Nifty FMCG Index	1.4%	1.1%	-2.3%	7.9%	10.2%
Nifty Healthcare Index	3.5%	1.2%	-2.1%	22.3%	21.3%
Nifty Infrastructure Index	6.8%	2.2%	13.6%	22.3%	21.4%
Nifty IT Index	12.6%	-2.7%	-12.6%	9.8%	9.3%
Nifty Media Index	-6.4%	-17.7%	-20.5%	-10.1%	-2.6%
Nifty Metal Index	11.3%	17.1%	29.1%	18.4%	27.9%
Nifty Pharma Index	5.9%	3.1%	-2.9%	21.7%	12.0%
Nifty PSU Bank Index	13.4%	18.5%	30.5%	25.4%	37.2%
Nifty Realty Index	1.2%	-11.0%	-16.6%	26.6%	22.8%
BSE Consumer Durables Index	4.0%	0.4%	-6.9%	14.7%	14.6%
BSE Industrial Index	0.7%	-3.5%	-1.3%	28.9%	33.7%

Source: Bloomberg, As on 31/12/2025. The Sector(s) mentioned in this document do not constitute any research report/recommendation of the same and the scheme(s)/Fund may or may not have any future position in these Sector(s) | The Index names mentioned do not constitute any kind of recommendation and are for information purpose only.
Past performance may or may not be sustained in the future.

|	Global Index Performance

Name	3 Months	6 Months	1 Year	3 Years	5 Years
MSCI World Index	2.9%	10.0%	19.5%	19.4%	10.5%
MSCI Emerging Index	4.3%	14.9%	30.6%	13.6%	1.7%
MSCI India index	5.9%	2.0%	8.1%	14.1%	13.9%
Dow Jones Industrial Average Index	3.6%	9.0%	13.0%	13.2%	9.4%
Nasdaq Composite Index	2.6%	14.1%	20.4%	30.4%	12.5%
Nikkei 225 Index	12.0%	24.3%	26.2%	24.4%	12.9%
Shanghai Composite Index	12.0%	24.3%	26.2%	24.4%	12.9%
Deutsche Boerse AG german Stock Index DAX	2.6%	2.4%	23.0%	20.7%	12.3%

Source: Bloomberg, As on 31/12/2025 | The Index names mentioned do not constitute any kind of recommendation and are for information purpose only.
Past performance may or may not be sustained in the future.