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Below the Market Commentary (closing) for 11th December 2025 by Bajaj Broking

Market Closing Commentary

The Indian equity market bounced back sharply on 11th Dec, snapping its 3-day losing streak. A key tailwind for the up move was the US Federal Reserve’s 25 bps rate cut, which matched consensus estimates. The dovish shift improved risk sentiment, with lower US yields generally supporting EM inflows and currency stability.

Even though the Fed signalled a constrained easing path, the move nonetheless eased near-term jitters and reinforced investor confidence. At close, the Sensex was up 426.86 points or 0.51 per cent at 84,818.13, and the Nifty was up 140.55 points or 0.55 percent at 25,898.55. All sectoral indices closed firmly in positive territory, with auto, IT, pharma, telecom, PSU and private banks, metals, and realty posting broad-based gains of 0.5–1%. Midcap index rose 0.9% and small-cap index added 0.8%.

Nifty Outlook

The index formed a bullish candle with a long lower shadow signaling buying demand around the key support area of 25,700. Key support lies around 25,700–25,800, which aligns with the bullish gap from November 12, the 50-day EMA, and a key retracement zone of the prior uptrend. Sustaining above this band will be crucial for continuing of the positive momentum of the last 3 months.

We expect the Nifty to trade in a 25,700–26,200 consolidation range. A clear breakout or breakdown will determine the next directional move. Immediate resistance is placed at 25,950-26,000 levels, a move above the same will open upside towards the upper band of the range placed at 26,200

Bank Nifty Outlook

Bank Nifty has formed a bullish candle highlighting consolidation around the 20 days EMA amid stock-specific action. Index on expected lines is seen consolidating and forming a base in the range of 58500-60100. We expect the index to extend the current consolidation in the coming sessions.

Key short-term support is placed at 58,200-58,600 levels being the confluence of the recent low and the major breakout area. A breach below the same will signal a pause in the short term up trend. On the higher side 59,500 is the immediate resistance while key hurdle remains at the recent all time high of 60100.

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