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Below the Market Commentary (closing) for 24th December 2025 by Bajaj Broking

Market Closing Commentary

Indian equity benchmarks ended marginally lower in a volatile, low-volume session on December 24, as trading activity remained subdued ahead of the Christmas holiday. Despite recent inflows, the year has seen record FII outflows, driven by global headwinds such as tight monetary conditions, a strong U.S. dollar, and higher risk-free yields in developed markets. At the close, the Sensex fell 116.14 points, or 0.14%, to 85,408.70, while the Nifty declined 35.05 points, or 0.13%, to 26,142.10. Except for Media, Metals and Realty, all sectoral indices finished in the red, with IT, Oil & Gas, Pharma and PSU Bank stocks slipping around 0.4% each. The midcap index dropped 0.6%, while the small-cap index ended slightly higher, up 0.28%. Markets will remain closed on Thursday, December 25, on account of Christmas.

Nifty Outlook

The index formed a small bearish candlestick pattern with a long upper shadow which mostly remained contained inside previous session high-low range signalling consolidation amid stock specific action. Nifty is seen consolidating in the last 2 sessions after preceding three sessions up move highlighting positive bias. Immediate support is positioned around Monday’s gap-up zone near 26,000 while immediate resistance is placed at 26,300 levels being the upper band of the recent consolidation range. Nifty in the last 4 weeks is seen consolidating in the range of 26,300-25,700. We expect the index to extend the same, and only a move above 26,300 will be instrumental in unlocking incremental upside potential towards the 26,500 area

Bank Nifty Outlook

Index formed a bearish candlestick pattern signaling profit booking at higher levels near the last week high of 59,500. Index is seen consolidating in a range amid stock-specific action. 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 signalling 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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