Market Commentary (closing) for 23rd December 2025 by Bajaj Broking
Below the Market Commentary (closing) for 23rd December 2025 by Bajaj Broking
Market Closing Commentary
Indian equity benchmarks ended nearly flat after a volatile session on December 3, with weekly F&O expiry adding to intraday swings. While an improving domestic demand outlook offered some support, uncertainty around global trade negotiations and the rupee’s trajectory continued to weigh on sentiment. At the close, the Sensex slipped 42.64 points, or 0.05%, to 85,524.84, while the Nifty edged up 4.75 points, or 0.02%, to 26,177.15. The midcap index finished flat, whereas the small-cap index posted modest gains of 0.37%. Sectorally, IT, healthcare, PSU banks and realty stocks declined 0.2–0.8%, while media gained 0.6%. Metals and PSU stocks rose about 0.5% each, and the energy index advanced 0.6%
Nifty Outlook
The index formed a high wave candle with a higher high and higher low signaling consolidation with positive bias amid stock specific action. Nifty has extended its upward trajectory for the fourth consecutive session and, in the absence of any reversal signals, remains poised to drift towards the upper band of the preceding three-week consolidation range, placed near the 26,300 zone. A decisive breakout on a closing basis above 26,300 will be instrumental in unlocking incremental upside potential towards the 26,500 area. On the downside, immediate support is positioned around Monday’s gap-up zone near 26,000, and sustained trade above this level is expected to keep the structure positive. While short term support is placed around 25,700–25,800 levels.
Bank Nifty Outlook
Index formed a high wave candle with a higher high and higher low signaling consolidation amid stock specific action. The index is seen consolidating around the recent trendline breakout area. We expect the index to extend consolidation and form a base in the range of 58500-60100 in the coming weeks. A strength above last week’s high of 59,533 will open upside towards the recent all time high of 60,100 levels in the coming weeks. The entire up move of the last 2 months is well channelled signaling sustained demand at elevated levels. Key support is placed at 58,300-58,600 levels, being the confluence of the 50 days EMA and recent breakout area.
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