Today’s share market’s key developments include: Rail Vikas Nigam emerged L1 for a Rs 201.23 crore project, RBI allowed Indian Overseas Bank’s GIFT City IBU, Lloyds Engineering approved a merger, Gulf Oil launched Syntrac oils, Bharat Electronics received Rs 569 crore orders; FIIs sold, DIIs bought.
10:00 AM IST
Stock Market LIVE Update | Sensex trades flat | Nifty near 25,950
Indian equities opened largely unchanged, with the Sensex flat and the Nifty hovering near 25,950. Bharat Electronics rose nearly 1 percent to ₹396.90 after announcing ₹569 crore in defence orders since December 12. Shriram Finance gained over 2 percent following a CARE upgrade to AAA after its MUFG deal. Oil prices eased after a sharp rally. Early movers included MMTC and Mishra Dhatu Nigam, while Rail Vikas Nigam and Dixon Technologies declined at the opening amid mixed global cues today.
9:20 AM IST
Stock Market LIVE Update | Sensex drops over 150 points | Nifty tests the 25,900 level
Indian equity benchmarks declined, with the Sensex dropping over 150 points and the Nifty testing the 25,900 level. The RBI noted continued balance sheet expansion among NBFCs in FY25 due to strong loan growth, though stress remained in microfinance. The central bank also began reviewing scale-based regulation for NBFCs. In global markets, Wall Street analysts broadly expect a US stock market rally in 2026. Meanwhile, GE Vernova T&D India shares rose sharply in 2025, supported by a strong order pipeline and elevated valuations.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a flat start to the Indian markets. Nifty spot in today's session is likely to trade in the range of 25,900-26,200.
INDIA VIX: 9.72 | +0.50 (6.23%) ↑ today
Treasury Yield:
The yield on the benchmark U.S. 10-year Treasury slipped 2.8 basis points to 4.106% whereas U.S. 2-year Treasury yield fell to 3.457%.
Currency:
The dollar index (DXY), which tracks the greenback against a basket of major currencies including the yen and the euro, was flat at 98.03.
Commodities:
Gold retreated sharply from record highs as profit-taking hit the broader precious metals complex, with spot gold sliding 4.47% to $4,329.65 an ounce.
U.S. crude rose 2.36% to settle at $58.14 a barrel, while Brent crude ended the session at $61.94 a barrel, up 2.14% on the day.
General Trends:
Asian equities took a breather after a seven-day rally, tracking technology-led losses on Wall Street, while silver and gold swung as they steadied after retreating from fresh record highs.
Sector-Specific Indicator:
For several Asian equity markets, including South Korea, Japan and Thailand, Tuesday marks the last trade session of the year.
Market in the Previous Session:
Indian benchmark indices came under steady selling pressure on 29 December, ahead of the monthly derivatives expiry.
Ongoing selling by foreign institutional investors and a weaker rupee weighed on market sentiment.
Traders also remained cautious ahead of the Nifty index rebalancing scheduled for 30 December, which led to higher intraday volatility and added pressure on markets.
At close, the Sensex declined 346 points, or 0.41%, to close at 84,695, while the Nifty slipped 100 points, or 0.38%, to end at 25,942.
On the sectoral front, Nifty Media, FMCG, and PSU Banks offered limited support. However, most sectors faced selling pressure, with Consumer Durables, IT, Healthcare, and Realty stocks ending as the top laggards.
The broader market also remained weak, with the Nifty Midcap index falling 0.52% and the Nifty Small-cap index dropping 0.72%, pointing to widespread selling across the market.
Nifty Short-Term Outlook:
The index formed a large bearish candlestick, marked by a lower high and a lower low, indicating continuation of profit booking after the recent up-move, especially ahead of the F&O monthly expiry.
As anticipated, the index is currently consolidating within a range, driven largely by stock-specific activity.
Over the coming week, the index is likely to extend the consolidation seen over the past four weeks, broadly within the 25,700–26,300 zone.
A decisive breakout or breakdown from this range will set the tone for the next directional move.
A sustained move above 26,300 could trigger further upside, with potential targets around 26,500 in the coming weeks. On the hourly chart, the RSI has moved to oversold territory, suggesting the possibility of a short-term pullback from key support levels.
Immediate support is placed in the 25,700–25,800 range, which coincides with the current month’s lows, the 50-day EMA, and a key retracement level of the prior up-move. Holding above this support band would keep the near-term outlook neutral to mildly positive.
Intraday Levels:
Nifty: Intraday resistance is at 26,040, followed by 26,120 levels. Conversely, downside support is located at 25,900, followed by 25,820.
Bank Nifty: Intraday resistance is positioned at 59,200, followed by 59,350, while downside support is found at 58,800, followed by 58,720.
Nifty:
The option chain highlights a clear call-side dominance, with the highest Call OI positioned at 26,100, followed by 26,000, forming a strong overhead resistance zone.
On the put side, participation remains limited, indicating a relatively weak support structure at current levels. A decisive breach below 25,900 could accelerate corrective pressure towards the 25,800 zone.
Overall, the option data suggests 25,900–26,100 as a critical range for the monthly expiry. A breakout on either side of this band is likely to trigger a directional move.
The Max Pain level stands at 26,000, indicating a potential expiry magnet around this strike unless a strong breakout emerges.
Bank Nifty:
The Bank Nifty option chain shows significant accumulation of both Call and Put OI at the 59,000 strike, indicating a straddle formation and marking it as a key pivot level for the expiry.
However, Call writers remain dominant, with call positions significantly outweighing put writing, reinforcing 59,000 as a strong resistance zone. Meaningful short covering on the call side is expected only on a sustained move above this level.
On the downside, a sustained move below 59,000 could invite renewed selling pressure, dragging Bank Nifty towards the 58,500 zone.
The Max Pain level is also placed at 59,000, further highlighting its importance as a decisive level for the monthly expiry.
Performance Overview:
Wall Street’s major indices closed lower on Monday, starting the final week of the year on a subdued note as heavyweight technology stocks pulled back after last week’s rally that had lifted the S&P 500 to record levels.
Sector-specific indicator:
The S&P 500 slipped 24.20 points, or 0.35%, to close at 6,905.74, while the Nasdaq Composite declined 118.75 points, or 0.50%, to 23,474.35. The Dow Jones Industrial Average fell 249.04 points, or 0.51%, ending at 48,461.93.
All three indices were set to post solid monthly gains, with the Dow and the S&P 500 on track for their eighth straight month of advances.
Economic indicator:
On the macro side, investors will focus on minutes from the Fed’s last meeting and the weekly jobless claims data in what is otherwise a light data week.
Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading