Market Today: Nifty Slips from 26,200 as Indices End Flat
Market Today: Range-bound with caution: What’s next?
Markets ended a volatile session flat after failing to hold early gains as profit-taking set in. IT stocks dragged the indices, snapping a four-day winning streak. Market breadth stayed positive, with the NSE A/D ratio at 3:2.
Nifty’s rejection near 26,200–26,250 reinforces this zone as immediate resistance. Sensex faces supply near 85,750, while Bank Nifty remains range-bound. A decisive break on either side is needed to set the next directional move; until then, consolidation with a mild pullback may continue.
Key Levels to Watch | December 24, 2025
| Index | Support | Resistance |
|---|---|---|
| Nifty | 26,100 & 26,020 | 26,225 & 26,325 |
| Bank Nifty | 59,050 & 58,850 | 59,400 & 59,700 |
| Sensex | 85,320 & 85,050 | 85,750 & 86,050 |
Sector & Stock Moves: Where was the action?
IT emerged as the key laggard, with Coforge, Infosys, and Persistent Systems under pressure ahead of a key US GDP estimate. PSU Banks and Pharma also traded weak.
On the positive side, Energy, Metals, FMCG, and Financial Services outperformed. Coal India rose 3.66% for the fifth straight session. Ambuja and Orient gained on merger-related developments, even as ACC slipped.
Chola Finance rallied 5.91%, while Tata Motors PV edged higher on its EV roadmap announcement.
NIFTY50: Top Gainers
- COALINDIA ▲ +3.66%
- SHRIRAMFIN ▲ +2.45%
- ULTRACEMCO ▲ +1.27%
NIFTY50: Top Losers
- INFY ▼ -1.26%
- BHARTIARTL ▼ -1.15%
- ADANIPORTS ▼ -1.00%
Open Interest Insights
What does this mean? The data points to restricted upside, with cautious put positioning indicating range-bound to mildly cautious market behaviour.
Stocks on the Move
| Stock | % Gain / Loss | What’s happening? |
|---|---|---|
| NLCINDIA | +4.48% | Inverse H&S breakout above 250 neckline with strong volumes |
| NMDC | +3.83% | Range breakout with volume and long OI build-up; resistance near 83.50 |
| CUB | +1.92% | Sideways base breakout to a fresh all-time high |
| BSOFT | +1.27% | Weekly double bottom breakout above 452 |
| CHENNPETRO | -3.53% | Weekly support breakdown below 888; downside risk toward 820–840 |
News You Can Use
- Gold hits a fresh all-time high at $4,497.
- Ambuja Cements approves the merger of ACC and Orient Cement; ~10% value accretion expected.
- Aurobindo Pharma arm to acquire an additional 20% stake in Luoxin Aurovitas Pharma, China.
- Belrise Industries promoter sells 6.56% equity via block deals.
- Granules India approves raising up to ₹1,462.5 crore via convertible warrants.
Chart of the Day: NMDC (Weekly)
Pattern: Flag & Pole
Structure: Price consolidates in a tight, downward-sloping flag after a sharp pole move, indicating healthy pause within a strong trend.
Validation: A decisive breakout from the flag, backed by expanding volumes, confirms trend continuation.
Trading Insight: A classic continuation setup, where a clean breakout often triggers a sharp follow-through in the direction of the prior move.