IGI Logo

Below the Quote on Markets Commentary for 23rd December 2025 by Ashika Institutional Equities

Nifty Holds Above Key Support as Railway Stocks Outperform

Indian equity markets ended the session on a positive note, mirroring mixed cues from global markets. The benchmark Nifty index opened with a gap-up start, witnessed an initial dip to record the day’s low at 26,119, and thereafter steadily drifted higher throughout the session. The index largely traded in a slow but upward trajectory, reflecting sustained buying interest at lower levels. Sector-wise, buying momentum was visible in Media, PSE, Metals, Commodities, and Energy stocks, which emerged as the top-performing sectors of the day. On the flip side, selling pressure was observed in IT, Pharma, Healthcare, Realty, and PSU Bank stocks, which underperformed the broader market.

 Notably, railway-related stocks attracted strong participation interest, with prices moving higher on robust volumes, indicating continued traction in the theme. From a technical perspective, the Nifty remains well placed above the key support zone of 26,000–26,100, which continues to act as a strong base for the index. Sustaining above this zone could keep the short-term bias positive.

On the global front, market participants remain cautious ahead of the release of key US macroeconomic data, including the second estimate of Q3 US GDP and the PCE inflation index. These data points are likely to provide further cues on the US economic outlook and may influence the near-term direction of global markets.

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