0:03 Hello everyone, why Infosys ADR
0:06 increased over 5% and Reliance's GDR
0:09 increased 1.5%. Second, what about
0:11 Japan's industrial decision and when?
0:13 And third, what happened in the US
0:15 market last night. All this we are going
0:17 to discuss in a regular premarket report
0:20 video for today 19th December 2025 for
0:21 the Indian stock market in terms of
0:25 Nifty and Macy. First, why Infosys area
0:28 increased over 5% last night. All thanks
0:30 to Accenture quarterly results. I mean
0:33 market was expecting the revenue to come
0:36 $18.5 billion US and the actual revenue
0:39 came as $18.7 billion US. Similarly,
0:42 earnings per share expects to come as $3.74
0:43 $3.74
0:46 per share and the actual earnings per
0:48 share came as $3.94
0:51 per share. We know earnings per share is
0:53 otherwise profit. So the topline
0:55 financials are very good and in addition
0:58 they kept the yearly guidance same as
1:01 previous 2 to 5% and their new booking
1:04 order in dollar terms increased 12% to
1:07 near $21 billion US. Then out of that
1:10 over $2 billion US order belongs to a
1:13 related projects. So the earnings are
1:15 really good. However on the expectation
1:18 of good results in December month alone
1:21 Accenture stock price increased 14%.
1:24 Hence last night it closed negative. On
1:26 the contrary, Infosys had the short
1:28 covering. Before last night in the
1:30 December month, it barely increased
1:34 about 2%. So the takeaway is because of
1:36 good Accenture results, Infosys share
1:39 price increased over 5%. But the
1:41 Accenture share price closed negative.
1:43 And regarding arbitrage, we'll discuss
1:45 in a moment. Then similar to Infosys,
1:49 Relent's GDR also increased near 1.5%.
1:51 Why here? This could be due to two
1:54 reasons. Yesterday evening, Reliance
1:56 made an announcement that they acquired
1:59 the majority stock that is 70% in the
2:02 south Indian food company called UAR
2:04 foods. I mean it's a wellestablished
2:07 south Indian brand. Their plan is to
2:09 make it pan India brand. Then the second
2:12 reason yesterday Morgan Stanley kept the
2:14 reliance rating same as previous
2:16 overweight which is good and more
2:18 positive they increased the target price to,847
2:20 to,847
2:22 rupees per share which is roughly 20%
2:25 from the present level. So let's hope
2:31 to transfer into the Indian market
2:34 today. Then another very important thing
2:36 today that could influence our market is
2:38 Japan's industry decision. I mean early
2:41 morning at 5:00 a.m. Japan consumer
2:43 inflation data was released and it came
2:46 as 3% which is in line with the analyst
2:49 expectation which is good. Now at 8:30
2:51 a.m. Bank of Japan's industry decision
2:53 is due to release and followed by at
2:55 12:00 p.m. in the afternoon bank of
2:58 Japan's press conference is scheduled
3:01 and all of these three Japan related
3:03 macros got the potential to influence
3:05 the Indian market as well as the global
3:07 momentum. At present analysts are
3:10 projecting Bank of Japan to increase the
3:14 interest to 75% from the present.5%.
3:16 So global market already factored for
3:18 this in its price action. However,
3:21 analysts are nervous regarding the Bank
3:23 of Japan's press conference like whether
3:25 they will be hawkish kind of. Hence we
3:28 could expect market to react accordingly
3:30 based on the outcome. So, please make
3:32 sure to look out for the macros at 8:30
3:35 a.m. as well as at 12:00 p.m. And moving
3:38 to the next topic, US market last night.
3:40 I mean, before their market opening, US
3:42 government released the November month
3:44 consumer inflation data. Here, please
3:46 note because there was no October month
3:49 inflation data. So, US government didn't
3:51 release the month-over-month macro and
3:53 they just released the yearly basis
3:55 data. The overall headline inflation
3:58 came as just 2.7% way less than the
4:01 analyst expectation of 3.1% and way less
4:04 than the September month data of 3%.
4:05 Similarly, the core inflation without
4:08 food and fuel came even lower just to
4:11 2.6% which is 4% less than the analyst
4:13 expectation as well as the September
4:16 month data. So now more month consumer
4:18 inflation data is significantly positive
4:20 and it rendered the hopes of more
4:22 interest rate cuts in the next year.
4:24 Hence last night all the three major
4:27 indices closed positive. Dow Jones
4:29 increased mildly.14%.
4:32 S&P 500 was up by 79% and NASDAQ
4:35 outperformed the other two and increased
4:38 by 1.38%. In case of US VIX from above
4:42 17.5 it fell below 17. So because of all
4:45 the ADR and US market positivity last
4:47 night gift nifty increased all the way
4:50 above 26,000 mark. However, early
4:51 morning today, it trimmed some and
4:54 traded at 25,926.
4:55 Hence, equating that with the spot
4:58 market for now, it's indicating the gap
5:00 up opening of around 50 points.
5:02 Regarding Indian ADR as it is all closed
5:04 positive. However, if you calculate the
5:07 arbitrage, still both the banking stocks
5:09 showing some weakness. Whereas on the
5:12 other hand, Infosys is having massive
5:14 positive 5% difference. Vipurro and
5:17 Ren's GDR is having positive 1%
5:20 difference. As a summary, US inflation
5:22 came very low. So, US market closed
5:25 positive. Hence, global momentum is good
5:27 and the Japan inflation also came as
5:29 okay. In addition, there are stock
5:31 specific positives which are evident in
5:34 the GDR and ADR in line with that for
5:36 now. Give Nifty indicating the gap up
5:38 opening. However, please note market
5:41 could turn accordingly to the Bank of
5:43 Japan's outcome. Then about institution
5:45 in the cash market for the second
5:48 session in a row both FI and DI were net
5:50 buyers. FI net bought for near 600 cr
5:53 rupees and DA net bought for 2,700 cr
5:55 rupees. Then moving to participant wise
5:58 open interest analysis yesterday index
6:00 future open interest unmount 1.5%
6:03 whereas in the index options 3.8% 8% new
6:06 column shop interest and 10.9% new putup
6:08 shop interest were added because of more
6:11 putup shop addition the PCR ratio
6:15 increased to82 from 77 whereas stands
6:17 wise in the next options client holding
6:20 net 12.3% open interest favoring bullish
6:24 position whereas FIA having net 7.6% of
6:25 the open interest favoring bearish
6:27 position and property traders having net
6:30 4.4% 24% of the open interest favoring
6:32 bearish position. In the index future,
6:35 client and property traders having 70%
6:37 and 59% of the open interest
6:38 respectively on the long side. On the
6:41 other hand, EFI is holding massive 92%
6:43 of the open interest on the short side.
6:45 Then regarding the 25 delta risk
6:48 reversal, yesterday Nifty spot closed at
6:52 25,815 and for the 23rd December expiry,
6:54 the 25 delta call option strike is at
6:59 26,10 with a IV of 8.56%. Whereas the 25
7:02 delta put option strike is at 25,660
7:04 with the IV of 8.72%.
7:07 So the 25 delta risk reversal is negative.16%.
7:09 negative.16%.
7:11 However, call options distance from the
7:13 spot is 195 points and put options
7:16 distance from the spot is 155 points.
7:18 So, call option distance is 40 points
7:20 more. Hence, considering all at the time
7:23 of close yesterday, market was at
7:25 neutral with positive bias. Then, as per
7:28 stock open interest, Power India, Power
7:30 Grid, Mut Finance, HL, Gindal Steel, AU,
7:33 Small Finance Bank and Sunfarma are some
7:34 of the 83 stocks that got an increase
7:36 open interest along with the negative
7:37 close indicating the short buildup. On
7:40 the other hand, HDFCMC, Noama, Ashok
7:43 Island, LIC, Max Life Insurance, Walters
7:46 and Tech Mahendra are some of the 58
7:48 stocks that got an increase with a
7:49 positive price close which means these
7:51 stocks indicating the long build up.
7:53 About the things look out as we
7:55 discussed earlier at 8:30 a.m. Japan's
7:57 interest rate decision. Then during our
7:59 market time at 12:00 p.m. Bank of
8:01 Japan's press conference and at 12:30
8:04 p.m. UK retail sales data and Germany's
8:06 consumer conference data are shed.
8:08 Whereas in the aftermarket hours, RB's
8:11 last MPC meeting minutes are due and in
8:13 the night for us PC inflation, existing
8:15 home sales data and Michigan future
8:17 inflation expectation like 1 year and 5
8:19 year are the important things to keep an
8:21 eye out today. Coming technical, Nifty
8:24 opened 50 points gap down and dropped
8:26 till 25,730.
8:27 After initial volatility during the
8:31 first hour, it rebounded back to 25,900.
8:33 However, it lost those gains in the
8:35 afternoon and closed flat. Thus, on the
8:36 daily chart, Nifty formed a bullish
8:38 candle with a long upper shadow and a
8:41 minor lower shadow somewhat resembling
8:43 an inverted hammer type pattern, though
8:45 not a classical one, which is generally
8:47 considered a bullish reversal pattern.
8:50 However, Nifty remained weak as it
8:52 failed to reclaim the 200 day moving
8:54 average on the hourly chart and continue
8:56 to form lower high formation. The
8:59 momentum indicator RSI was in a bearish
9:01 crossover and also formed lower high
9:03 indicating the weakening momentum. Hence
9:06 the trend continues to remain weak with
9:09 25,700 level appearing vulnerable to a
9:11 breakdown. A decisive breach below
9:14 25,700 could trigger the next leg of
9:15 correction. On the upside, resistance is
9:18 at around 25,900.
9:20 In case of bank nifty, similar to nifty,
9:22 it also opened more than 200 points gap
9:24 down and after some initial volatility,
9:26 it rebounded. However, it lost those
9:28 gains in the afternoon and closed at
9:30 58,910. Thus, on the daily chart, Bank
9:32 Nifty formed a bullish candle with a
9:34 long upper shadow resembling an inverted
9:36 hammer type pattern, which is generally
9:38 a bullish reversal pattern. This
9:40 indicates selling pressure may be
9:43 weakening and that buyers attempted to
9:46 regain control by testing the 20-day
9:47 express moving average intraday. In
9:49 addition, Bank Nifty held above the
9:52 rising support trend line as well as the
9:54 previous days low on a closing basis.
9:56 However, the momentum indicators
9:58 remained weak with RSI declining to 50
10:01 and MACD sustaining below the reference
10:03 line. Hence, if Bank Nifty manages to
10:05 hold 50,700,
10:07 short-term relief might be possible.
10:11 However, a firm break below 58,700 could
10:14 extend the weakness towards 58,450 to
10:17 58,000 level. On the options front, the
10:19 maximum callups openers was at 26,000
10:23 strike followed by 25,900 and 26,500
10:24 with maximum new callup trading at
10:29 26,600 25,800 and 26,200 strike.
10:31 Meanwhile, the maximum putup showers was
10:34 at 25,500 strike followed by 25,800 and
10:37 25,700 with maximum new putups rating at
10:42 25,600 25,700 and 25,400 strike. Dash
10:45 for options data it indicates that Nifty
10:48 might face resistance in 25,900 to
10:51 26,000 zone while support is at 25,600
10:54 to 25,500 level. So that's all in this
10:56 video. Hope you'll got some information.
10:57 Please consider subscribing the channel
10:59 and liking the video so that it will
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11:05 don't make any investation based on this
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