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Live: Nifty extends gain to the second straight day but sees another weekly loss | Closing Bell

The equity benchmark indices gave up early gains on Friday amid profit booking at higher levels. The persistent foreign fund outflows and weakness in the rupee also weighed on investor sentiment.

In early trade, the Sensex rose 464.63 points or 0.54 percent to touch the day’s high of 85,282.76. The Nifty advanced 139.85 points or 0.53 percent to 26,038.40. However, both indices later retreated from these levels.

At around 11:15 a.m., the Sensex was at 85,118.13, while Nifty was at 25,995.05.

<a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/hindustanunilever/HU" target="_blank">Hindustan Unilever</a>, Asian Paints and ITC were among the major laggards in the Nifty50 pack, declining up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/tatasteel/TIS" target="_blank">Tata Steel</a> and Hindalco Industries were among the top gainers, rising up to 3 percent.
<h3><span style="text-decoration: underline;"><strong>Key factors behind market slide from day's high</strong></span></h3>
<strong>1) Profit booking: </strong>Investors booked profits at higher levels after the markets extended their run in early trade after the previous session’s rally. On Thursday, the Sensex had gained 426.86 points or 0.51 percent to settle at 84,818.13, while the Nifty rose 140.55 points or 0.55 percent to close at 25,898.55. FMCG, IT and PSU bank stocks were among the major sectoral laggards, slipping up to 0.53 percent.

<strong>2) FII selling: </strong>Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth Rs 2,020.94 crore on Thursday. This marked the 11th consecutive session of net selling.
<h3><strong><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-strong-opening-asia-trades-higher-us-mixed-liveblog-13722087.html" target="_blank">Stock Market LIVE Updates</a></strong></h3>
<strong>3) Weak rupee: </strong>The rupee fell to a fresh record low amid a stronger US dollar and persistent foreign outflows. The local currency touched 90.56 against the dollar, breaching its earlier all-time low of 90.46 hit on Wednesday. It was last quoted at 90.46, down 0.1 percent for the day.
<h3><a href="https://www.moneycontrol.com/news/business/rupee-hits-fresh-record-low-of-90-55-against-us-dollar-13722448.html" target="_blank">Rupee hits fresh record low of 90.56 against US Dollar</a></h3>
<h3><span style="text-decoration: underline;"><strong>Technical view</strong></span></h3>
According to Anand James, Chief Market Strategist at Geojit Financial Services, the Nifty’s rise from the 25,690 zone on Wednesday met resistance near 25,900, keeping uncertainty intact over a sustained upside. He said the index may face hurdles near 26,190, and a failure to move above 25,977 or a slip below 25,854 could signal weakening momentum.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Sensex drops over 150 pts from day's high, Nifty below 26,000: 3 key reasons behind market pullback

The equity benchmark indices gave up early gains on Friday amid profit booking at higher levels. The persistent foreign fund outflows and weakness in the rupee also weighed on investor sentiment.

In early trade, the Sensex rose 464.63 points or 0.54 percent to touch the day’s high of 85,282.76. The Nifty advanced 139.85 points or 0.53 percent to 26,038.40. However, both indices later retreated from these levels.

At around 11:15 a.m., the Sensex was at 85,118.13, while Nifty was at 25,995.05.

Hindustan Unilever, Asian Paints and ITC were among the major laggards in the Nifty50 pack, declining up to 2 percent, while Tata Steel and Hindalco Industries were among the top gainers, rising up to 3 percent.
Key factors behind market slide from day's high
1) Profit booking: Investors booked profits at higher levels after the markets extended their run in early trade after the previous session’s rally. On Thursday, the Sensex had gained 426.86 points or 0.51 percent to settle at 84,818.13, while the Nifty rose 140.55 points or 0.55 percent to close at 25,898.55. FMCG, IT and PSU bank stocks were among the major sectoral laggards, slipping up to 0.53 percent.

2) FII selling: Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth Rs 2,020.94 crore on Thursday. This marked the 11th consecutive session of net selling.
Stock Market LIVE Updates
3) Weak rupee: The rupee fell to a fresh record low amid a stronger US dollar and persistent foreign outflows. The local currency touched 90.56 against the dollar, breaching its earlier all-time low of 90.46 hit on Wednesday. It was last quoted at 90.46, down 0.1 percent for the day.
Rupee hits fresh record low of 90.56 against US Dollar
Technical view
According to Anand James, Chief Market Strategist at Geojit Financial Services, the Nifty’s rise from the 25,690 zone on Wednesday met resistance near 25,900, keeping uncertainty intact over a sustained upside. He said the index may face hurdles near 26,190, and a failure to move above 25,977 or a slip below 25,854 could signal weakening momentum.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The equity benchmarks traded higher on Friday, extending gains from the previous session, supported by firm global cues and improved risk sentiment after the US Federal Reserve cut interest rates.

The Sensex settled 449.52 points or 0.53 percent at 85,267.66, while the broader Nifty advanced to 26,046.95, up 148.40 points or 0.57 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI">Hindalco Industries</a>, Larsen &amp; Toubro and Tata Steel were among the top gainers in the Nifty50 pack, rising up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/hindustanunilever/HU">Hindustan Unilever</a> and Infosys were among the major laggards, declining up to 2 percent. Market breadth remained positive as about 2324 shares advanced, 1002 shares declined and 145 shares remained unchanged.
<h3><span style="text-decoration: underline;"><strong>Key factors behind market rise</strong></span></h3>
<strong>1) Positive global cues: </strong>Asian indices, including South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng, traded in the green. US markets also ended mostly higher overnight, providing support to domestic equities.

<strong>2) Modi–Trump talks: </strong>Prime Minister Narendra Modi on Thursday said he spoke with US President Donald Trump, adding that they reviewed progress in bilateral ties and discussed regional and international issues. The interaction, described as "warm and engaging", came amid ongoing trade concerns and offered some reassurance to investors tracking developments on that front.
<h3><strong><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-strong-opening-asia-trades-higher-us-mixed-liveblog-13722087.html" target="_blank">Stock Market LIVE Updates</a></strong></h3>
<strong>3) Volatility index eases: </strong>India’s volatility index declined 2.5 percent to 10.14. A lower VIX typically signals reduced market uncertainty, often encouraging traders to take on more risk and aiding overall sentiment.
<h3><strong><span style="text-decoration: underline;">Technical view</span></strong></h3>
Anand James, Chief Market Strategist at Geojit Investments, said, “While the swing higher yesterday from the 25,690 vicinity was on anticipated lines, the pause on approach to 25,900 has retained some doubts on whether we have got back on to a strong upside trajectory again. We will begin the day with expectations of 26,190. Inability to push beyond and float above 25,977, or a direct fall back below 25,854, could signal loss in upside momentum.”

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Sensex settles 450 pts higher, Nifty ends near 26,050: Positive global cues among key factors behind market rise

Stock Market Today: Sensex gains 400 pts, Nifty reclaims 26,000 - Positive global cues among key factors behind market rise 

The equity benchmarks traded higher on Friday, extending gains from the previous session, supported by firm global cues and improved risk sentiment after the US Federal Reserve cut interest rates.

The Sensex settled 449.52 points or 0.53 percent at 85,267.66, while the broader Nifty advanced to 26,046.95, up 148.40 points or 0.57 percent.

Hindalco Industries, Larsen &amp;amp; Toubro and Tata Steel were among the top gainers in the Nifty50 pack, rising up to 2 percent, while Hindustan Unilever and Infosys were among the major laggards, declining up to 2 percent. Market breadth remained positive as about 2324 shares advanced, 1002 shares declined and 145 shares remained unchanged.
Key factors behind market rise
1) Positive global cues: Asian indices, including South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng, traded in the green. US markets also ended mostly higher overnight, providing support to domestic equities.

2) Modi–Trump talks: Prime Minister Narendra Modi on Thursday said he spoke with US President Donald Trump, adding that they reviewed progress in bilateral ties and discussed regional and international issues. The interaction, described as &quot;warm and engaging&quot;, came amid ongoing trade concerns and offered some reassurance to investors tracking developments on that front.
Stock Market LIVE Updates
3) Volatility index eases: India’s volatility index declined 2.5 percent to 10.14. A lower VIX typically signals reduced market uncertainty, often encouraging traders to take on more risk and aiding overall sentiment.
Technical view
Anand James, Chief Market Strategist at Geojit Investments, said, “While the swing higher yesterday from the 25,690 vicinity was on anticipated lines, the pause on approach to 25,900 has retained some doubts on whether we have got back on to a strong upside trajectory again. We will begin the day with expectations of 26,190. Inability to push beyond and float above 25,977, or a direct fall back below 25,854, could signal loss in upside momentum.”

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Live: Can Nifty extend gains and reclaim 26,000? | Opening Bell

After Federal Reserve's December policy meeting, in which the central bank announced third rate cut of the year, Stefan Hofer, the Chief Investment Strategist APAC at LGT Private Bank believes the successor Fed will likely maintain an easing bias in 2026, front-loading its rate cuts in first half of next year, he said in an interview to Moneycontrol.

According to him, the emphasis for policy makers will likely be more on preserving a low unemployment rate and less concerned about inflation, which would represent a major shift in policy-making.

On the global front, Stefan Hofer said the big wildcard for 2026 is whether the war in Europe can end, delivering a major peace dividend for markets.

<strong>Do you expect China’s growth to remain below 5 percent even in 2026?</strong>

Investors should expect China’s real GDP growth to be between 4.5% and 5% in 2026 – without significant additional fiscal easing or sharp monetary support. The oversupply in the real estate sector remains the key drag on the economy, but recent signals suggest higher inflation could materialise. This would be welcomed by investors and we see opportunities in China’s technology sector where valuations are considerably lower than in the US.

<strong>Do you think oil prices will broadly remain in the $60–70 per barrel (Brent) range next year, considering the demand–supply scenario?</strong>

The catalyst for oil prices to move significantly higher would likely only be if China surprises the market with much stronger growth. This seems unlikely – furthermore, the US is pushing to increase crude supply in a bid to lower retail gasoline prices in 2026, in time for the midterm elections.

<strong>What is your reading of the US Federal Reserve’s policy, and how would you sum up the entire policy and outlook in one sentence?</strong>

The transition to the post-Powell Fed is already underway. The successor Fed will likely maintain an easing bias in 2026, front-loading its rate cuts in 1H26.

<strong>Do you think the central bank will continue its rate-cut cycle in 2026 as well?</strong>

Yes – the emphasis for policy makers will likely be more on preserving a low unemployment rate and less concerned about inflation, which would represent a major shift in policy-making.

<strong>What are the major challenges the FOMC is likely to face in 2026?</strong>

The main challenge will be if inflation were to re-accelerate as the fiscal easing (from the One Big Beautiful Bill tax cuts) causes the economy heat up.

<strong>Do you expect the US economy to experience some slowdown in 2026?</strong>

No. 2026 will see midterm elections in November and the Republican led Congress and White House will make an all-out effort to retain power, primarily through tax cuts.

<strong>Do you think the AI-led rally seen in US markets this year will continue in 2026, or is a sharp correction more likely?</strong>

This is a very difficult question. Arguably very few investors think that AI-related stocks are cheaply valued, thereby setting the stage for a correction. On the other hand, AI-stocks are leading the way with superior earnings growth. On balance, we think investors should be diversifying into strategies that are uncorrelated with long-only equity exposure.

<strong>What are your expectations for global growth given the persistent challenges, including geopolitical tensions, trade tariffs, climate change, and high debt levels?</strong>

We think that risk assets can still deliver positive returns in 2026 despite geopolitical tensions, tariffs and so on. For one, we expect US import tariffs to gradually fall as more bilateral trade deals are signed. The big wildcard for 2026 is whether the war in Europe can end, delivering a major peace dividend for markets.

<em>Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

Daily Voice: Fed’s 2026 successor likely to stay dovish, push early rate cuts, says LGT’s Hofer

The big wildcard for 2026 is whether the war in Europe can end, delivering a major peace dividend for markets, said Stefan Hofer.

After Federal Reserve's December policy meeting, in which the central bank announced third rate cut of the year, Stefan Hofer, the Chief Investment Strategist APAC at LGT Private Bank believes the successor Fed will likely maintain an easing bias in 2026, front-loading its rate cuts in first half of next year, he said in an interview to Moneycontrol.

According to him, the emphasis for policy makers will likely be more on preserving a low unemployment rate and less concerned about inflation, which would represent a major shift in policy-making.

On the global front, Stefan Hofer said the big wildcard for 2026 is whether the war in Europe can end, delivering a major peace dividend for markets.

Do you expect China’s growth to remain below 5 percent even in 2026?

Investors should expect China’s real GDP growth to be between 4.5% and 5% in 2026 – without significant additional fiscal easing or sharp monetary support. The oversupply in the real estate sector remains the key drag on the economy, but recent signals suggest higher inflation could materialise. This would be welcomed by investors and we see opportunities in China’s technology sector where valuations are considerably lower than in the US.

Do you think oil prices will broadly remain in the $60–70 per barrel (Brent) range next year, considering the demand–supply scenario?

The catalyst for oil prices to move significantly higher would likely only be if China surprises the market with much stronger growth. This seems unlikely – furthermore, the US is pushing to increase crude supply in a bid to lower retail gasoline prices in 2026, in time for the midterm elections.

What is your reading of the US Federal Reserve’s policy, and how would you sum up the entire policy and outlook in one sentence?

The transition to the post-Powell Fed is already underway. The successor Fed will likely maintain an easing bias in 2026, front-loading its rate cuts in 1H26.

Do you think the central bank will continue its rate-cut cycle in 2026 as well?

Yes – the emphasis for policy makers will likely be more on preserving a low unemployment rate and less concerned about inflation, which would represent a major shift in policy-making.

What are the major challenges the FOMC is likely to face in 2026?

The main challenge will be if inflation were to re-accelerate as the fiscal easing (from the One Big Beautiful Bill tax cuts) causes the economy heat up.

Do you expect the US economy to experience some slowdown in 2026?

No. 2026 will see midterm elections in November and the Republican led Congress and White House will make an all-out effort to retain power, primarily through tax cuts.

Do you think the AI-led rally seen in US markets this year will continue in 2026, or is a sharp correction more likely?

This is a very difficult question. Arguably very few investors think that AI-related stocks are cheaply valued, thereby setting the stage for a correction. On the other hand, AI-stocks are leading the way with superior earnings growth. On balance, we think investors should be diversifying into strategies that are uncorrelated with long-only equity exposure.

What are your expectations for global growth given the persistent challenges, including geopolitical tensions, trade tariffs, climate change, and high debt levels?

We think that risk assets can still deliver positive returns in 2026 despite geopolitical tensions, tariffs and so on. For one, we expect US import tariffs to gradually fall as more bilateral trade deals are signed. The big wildcard for 2026 is whether the war in Europe can end, delivering a major peace dividend for markets.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

<b>11</b> out of <b>17</b> years <b>BSE 200</b> has given positive returns in <b>December</b>.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	11,774.81	11,796.93	11,833.84	11,737.90	11,715.78	11,678.87	11,656.75
Fibonacci	11,760.45	11,774.38	11,796.93	11,737.90	11,715.35	11,701.42	11,678.87
Camarilla	11,758.11	11,763.52	11,768.93	11,737.90	11,747.29	11,741.88	11,736.47

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