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Below the Quote on Closing Market Summary 08th December 2025 by Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited

"Indian equities ended the session on a sharply negative note, as benchmark indices came under significant pressure amid global uncertainty, persistent profit-booking, and lack of supportive domestic triggers. The Sensex tumbled nearly 600 points, while the Nifty 50 slipped decisively below the 26,000 mark, signalling a clear loss of upward momentum after multiple failed attempts to sustain higher levels. Broader markets extended their underperformance as well, with Midcap and Smallcap indices declining more steeply, reflecting a noticeable contraction in risk appetite across the board.

Sectorally, the weakness was broad-based, with IT, metals, realty, banking, and auto sectors registering notable declines. Intraday rebounds proved short-lived as selling pressure re-emerged at every rise. Heavyweights from cyclical sectors, along with high-beta stocks, contributed significantly to the drag on benchmark indices. Only a handful of defensive stocks managed to limit their losses, but the support was insufficient to alter the market’s downward trajectory.

Among the major laggards, aviation counters, metal producers, PSU banks, and select consumption-oriented names saw substantial declines, reflecting investor caution ahead of key global macro data and policy events. The market mood remained decisively risk-off, with traders avoiding aggressive exposure.

On the technical front, the Nifty now holds immediate support in the 25,800–25,850 range, while resistance is seen around 26,100–26,150, a zone where repeated intraday rejection highlights strong overhead supply. In the banking space, the Bank Nifty faces resistance near 59,500–59,600, while crucial support lies around 58,900–59,000, a zone that will be critical to sustaining broader market stability.

Despite the sharp decline, volatility remained relatively contained, with India VIX staying subdued, indicating the market is still in a consolidation phase rather than entering a disorderly correction. Overall, the tone remains cautious to bearish, though stability near key supports could offer selective opportunities. A sustained move above resistance levels will be necessary for bullish sentiment to regain traction."

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