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Below the Quote on market wrap 09th December 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets remained volatile on weekly expiry day and ended with a cut of nearly 0.5% amid mixed cues. The tone was weak from the outset, and the pressure intensified during the first hour of trade. However, support from select heavyweights across sectors helped trigger a mid-session recovery, followed by marginal swings till the close. Eventually, the Nifty settled around 25,839. Sectorally, a mixed trend kept participants engaged, with realty and energy ending in the green while IT and auto closed lower. Notably, the rebound in the broader indices — midcap and smallcap — offered some respite after the recent sharp decline.

Sentiment remained fragile due to global Fed jitters ahead of the policy announcement. In addition, fresh tariff concerns on Indian rice exports weighed on agri-related stocks, while persistent FII outflows and the rupee’s slide past 90 continued to add to investor anxiety.

While the benchmark index is showing signs of pressure, it still does not reflect the full extent of the correction in the broader markets, where mid- and small-cap stocks have witnessed significant erosion. Going ahead, Nifty has tested the crucial support near 25,800; a breakdown below this zone could drag the index further towards 25,650 next. On the upside, the 26,000–26,200 band is likely to act as a stiff hurdle. In this backdrop, we advise traders to keep position sizes in check and wait for clearer signs of stability."

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