IGI Logo

Below the Quote on Market Wrap 24th December 2025 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets traded lackluster for the second consecutive session and ended marginally lower, indicating continued consolidation after the recent surge. After a stable start, the Nifty moved within a narrow range for most of the session in the absence of fresh triggers and eventually closed around the previous day’s level at 26,142.10. Sectoral trends remained mixed and rotational, with profit-taking seen in select IT, pharma and FMCG stocks, while realty and metals ended largely flat. The broader markets also showed a mixed trend, with the midcap index declining nearly 0.5%, while the smallcap index closed marginally higher, highlighting selective participation.

Global cues continued to influence sentiment, particularly during the opening trade; however, muted volumes and weak market breadth reflected a cautious stance among participants. Overall activity remained stock-specific, with traders focusing on selective opportunities rather than broad-based positioning.

We maintain a positive bias amid the ongoing consolidation in the index and continue to recommend a “buy-on-dips” approach as long as the Nifty holds its prevailing uptrend. For fresh momentum, stronger participation from the banking index will be essential, with a decisive breakout above the 59,500 level likely to fuel the next leg of the up move. Until then, participants are advised to adopt a stock-specific approach, focus on sectors showing consistent outperformance such as private banks, metals and auto, and adhere to disciplined risk management in the low-volume environment."

Above views are of the author and not of the website kindly read disclaimer