BSE FMCG

IndiGo shares fell over 2 percent after NOCs cleared for two new airlines, Al Hind Air and FlyExpress received government NOCs to begin operations, IndiGo holds over 60% market share; competition scrutiny underway

* IndiGo shares fell over 2 percent after NOCs cleared for two new airlines
* Al Hind Air and FlyExpress received government NOCs to begin operations
* IndiGo holds over 60% market share; competition scrutiny underway

IndiGo shares fell over 2% after the government granted no objection certificates to new airlines Al Hind Air and FlyExpress, increasing competition in India's aviation market where IndiGo holds over 60% share. The stock hit a four-session low.

shorts/business/indigo-shares-fall-2-after-govt-grants-nocs-to-two-new-airlines

The Indian equity indices ended with marginal losses on December 24, following a volatile trading session marked by muted volumes ahead of the Christmas holiday. At close, the Sensex was down 116.14 points or 0.14 percent at 85,408.70, and the Nifty was down 35.05 points or 0.13 percent at 26,142.10.

The market will remain shut on Thursday, December 25 on account of Christmas.

Also Read: <a href="https://www.moneycontrol.com/news/business/markets/unlisted-stocks-see-sharp-falls-in-msei-apollo-green-ncdex-goodluck-defence-gain-in-2025-13740261.html">Unlisted stocks see sharp falls in MSEI, Apollo Green; NCDEX, Goodluck Defence gain in 2025</a>

Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, Adani Ports were among major gainers on the Nifty, while losers were Interglobe Aviation, Wipro, Dr Reddy's Labs, Sun Pharma, Tata Motors Passenger Vehicles.

Except media and metal, all other sectoral indices ended in the red with Information Technology, Oil &amp; Gas, Pharma, PSU Bank down 0.4% each.

The BSE midcap index was down 0.3 percent and smallcap index ended flat.

In stock-specific action, Oswal Pumps rose 3 percent on order win of Rs 180 crore, Coal India shares gain on gives in-principle approval to list South Eastern Coalfields and Mahanadi Coalfields, VIP Industries shares added 9.5% post 36.8 million shares change hands in a block trade, Rail Vikas Nigam added 1% on appointing Saleem Ahmad as CMD, Monte Carlo Fashions shares shed 3% despite getting multiple LOAs from Madhya Pradesh Urja Vikas Nigam.

Also Read - <a href="https://www.moneycontrol.com/news/business/tier-2-india-s-ultra-rich-chase-double-digit-returns-lag-metros-on-succession-planning-nuvama-s-alok-saigal-explains-the-divergence-13739540.html">Tier-2 India’s ultra-rich chase double-digit returns, lag metros on succession planning: Nuvama’s Alok Saigal explains the divergence</a>

More than 100 stocks hit 52-week high, including Hindustan Copper, Manappuram Finance, IIFL Finance, City Union Bank, Hindustan Zinc, Vedanta, Can Fin Home, NALCO, Shriram Finance, Laurus Labs, AIA Engineering, Phoenix Mills, Eicher Motors, Hindalco, Vodafone Idea, MCX India, NMDC, Muthoot Finance, Granules India, Bharat Forge, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-high-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

Outlook for December 26

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Nifty faced strong resistance in the 26,230–26,235 zone, which coincides with the previous session’s high area and gradually drifted lower as the day progressed to close at 26,142 down 0.13%. For the second consecutive session, the index failed to register a decisive close above this resistance zone. On the daily chart, Nifty formed a small-bodied candle with pronounced upper wicks, highlighting persistent selling pressure at higher levels and an inability to sustain the upside momentum.

Going ahead, for Nifty, 26,200-26,250 will act as important resistance. Any sustained move above the 26,250 level could lead to continuation of an up move towards the 26,350 level, followed by 26,500. On the downside, the 20-day EMA zone of 26,050-26,000 will act as an immediate support for the index.

Since breaking below its upward-sloping trendline on 17th December, Bank Nifty has continued to trade beneath this key resistance. Despite multiple intraday attempts to reclaim the trendline and settle higher, the index has consistently failed to do so. Over the last five trading sessions, Bank Nifty has formed candles with noticeable upper wicks, indicating supply emerging at higher levels. A meaningful directional move is unlikely unless the index delivers a strong and decisive close above the trendline.

Going ahead, 59,000-58,900 will act as an immediate support for the index. Any sustainable move below the 58,900 level can lead Index moving down till 58,600 followed by 58,300 level in the short term. While on the upside, the zone of 59,500-59,600 will act as a strong resistance for the index.

Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates

The Nifty index began the day on a flat note, witnessed range-bound consolidation, and eventually settled on a negative note at 26,142. Technically, on the daily chart, Nifty formed a shooting star candle, reflecting selling pressure at higher levels. The next major hurdle for the index is placed in the 26,250–26,325 zone, while immediate support is seen near the 26,050 level, followed by 25,990, where the bullish gap support is placed. Thus, the index is likely to consolidate in the 25,990–26,325 band in the short term, and traders are advised to maintain a stock-specific approach.

The Bank Nifty index opened on a flat note, witnessed selling pressure, and settled on a negative note at 59,184. Technically, on the daily chart, the Bank Nifty index has formed a red candle with a long upper shadow, reflecting selling pressure at higher levels. On the downside, the index has formed a good base around 58,800, while major resistance is placed near the 59,550 level. An eventual breakout on either side of this consolidation range is likely to set up the next directional move for the index.

Disclaimer: The views and investment tips expressed by 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 decision.

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Taking Stock: Sensex, Nifty down marginally amid volatility; FMCG, PSU Bank, pharma drag

The Indian equity indices ended with marginal losses on December 24, following a volatile trading session marked by muted volumes ahead of the Christmas holiday. At close, the Sensex was down 116.14 points or 0.14 percent at 85,408.70, and the Nifty was down 35.05 points or 0.13 percent at 26,142.10.

The market will remain shut on Thursday, December 25 on account of Christmas.

Also Read: Unlisted stocks see sharp falls in MSEI, Apollo Green; NCDEX, Goodluck Defence gain in 2025

Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, Adani Ports were among major gainers on the Nifty, while losers were Interglobe Aviation, Wipro, Dr Reddy's Labs, Sun Pharma, Tata Motors Passenger Vehicles.

Except media and metal, all other sectoral indices ended in the red with Information Technology, Oil &amp;amp; Gas, Pharma, PSU Bank down 0.4% each.

The BSE midcap index was down 0.3 percent and smallcap index ended flat.

In stock-specific action, Oswal Pumps rose 3 percent on order win of Rs 180 crore, Coal India shares gain on gives in-principle approval to list South Eastern Coalfields and Mahanadi Coalfields, VIP Industries shares added 9.5% post 36.8 million shares change hands in a block trade, Rail Vikas Nigam added 1% on appointing Saleem Ahmad as CMD, Monte Carlo Fashions shares shed 3% despite getting multiple LOAs from Madhya Pradesh Urja Vikas Nigam.

Also Read - Tier-2 India’s ultra-rich chase double-digit returns, lag metros on succession planning: Nuvama’s Alok Saigal explains the divergence

More than 100 stocks hit 52-week high, including Hindustan Copper, Manappuram Finance, IIFL Finance, City Union Bank, Hindustan Zinc, Vedanta, Can Fin Home, NALCO, Shriram Finance, Laurus Labs, AIA Engineering, Phoenix Mills, Eicher Motors, Hindalco, Vodafone Idea, MCX India, NMDC, Muthoot Finance, Granules India, Bharat Forge, among others. Click to View More

Outlook for December 26

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Nifty faced strong resistance in the 26,230–26,235 zone, which coincides with the previous session’s high area and gradually drifted lower as the day progressed to close at 26,142 down 0.13%. For the second consecutive session, the index failed to register a decisive close above this resistance zone. On the daily chart, Nifty formed a small-bodied candle with pronounced upper wicks, highlighting persistent selling pressure at higher levels and an inability to sustain the upside momentum.

Going ahead, for Nifty, 26,200-26,250 will act as important resistance. Any sustained move above the 26,250 level could lead to continuation of an up move towards the 26,350 level, followed by 26,500. On the downside, the 20-day EMA zone of 26,050-26,000 will act as an immediate support for the index.

Since breaking below its upward-sloping trendline on 17th December, Bank Nifty has continued to trade beneath this key resistance. Despite multiple intraday attempts to reclaim the trendline and settle higher, the index has consistently failed to do so. Over the last five trading sessions, Bank Nifty has formed candles with noticeable upper wicks, indicating supply emerging at higher levels. A meaningful directional move is unlikely unless the index delivers a strong and decisive close above the trendline.

Going ahead, 59,000-58,900 will act as an immediate support for the index. Any sustainable move below the 58,900 level can lead Index moving down till 58,600 followed by 58,300 level in the short term. While on the upside, the zone of 59,500-59,600 will act as a strong resistance for the index.

Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates

The Nifty index began the day on a flat note, witnessed range-bound consolidation, and eventually settled on a negative note at 26,142. Technically, on the daily chart, Nifty formed a shooting star candle, reflecting selling pressure at higher levels. The next major hurdle for the index is placed in the 26,250–26,325 zone, while immediate support is seen near the 26,050 level, followed by 25,990, where the bullish gap support is placed. Thus, the index is likely to consolidate in the 25,990–26,325 band in the short term, and traders are advised to maintain a stock-specific approach.

The Bank Nifty index opened on a flat note, witnessed selling pressure, and settled on a negative note at 59,184. Technically, on the daily chart, the Bank Nifty index has formed a red candle with a long upper shadow, reflecting selling pressure at higher levels. On the downside, the index has formed a good base around 58,800, while major resistance is placed near the 59,550 level. An eventual breakout on either side of this consolidation range is likely to set up the next directional move for the index.

Disclaimer: The views and investment tips expressed by 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 decision.

Live: Nifty directionless on Christmas eve, slips below 26,150 | Closing Bell

Sensex and Nifty ended lower amid profit-booking and FII selling, IT stocks fell after US changed H-1B visa rules, impacting sector sentiment, Nifty's 26100 level acted as support, with sideways bias expected for trades

* Sensex and Nifty ended lower amid profit-booking and FII selling
* IT stocks fell after US changed H-1B visa rules, impacting sector sentiment
* Nifty's 26100 level acted as support, with sideways bias expected for trades

Sensex and Nifty closed 0.14% lower amid profit-booking in IT, pharma, and oil & gas stocks, and continued FII selling. IT shares fell after US H-1B visa changes. Nifty’s 26,100 level remains key support, with sideways movement expected.

shorts/business/sensex-falls-200-pts-from-day-s-high-nifty-below-26-200-3-key-reasons-behind-market-decline

* Sensex and Nifty ended lower amid profit-booking and FII selling
* IT stocks fell after US changed H-1B visa rules, impacting sector sentiment
* Nifty's 26100 level acted as support, with sideways bias expected for trades

The benchmark equity indices Sensex and Nifty slipped from their intraday highs on Wednesday amid profit-booking in select sectors and continued selling by foreign institutional investors (FIIs).

The Sensex dropped by 116.14 points or 0.14 percent to settle at 85,408.70. During the day, it hit a high of 85,738.18 and a low of 85,342.19. The Nifty edged lower by 35.05 points or 0.13 percent to 26,142.10.

Key factors behind the market decline

1) FII selling: Foreign institutional investors offloaded equities worth Rs 1,794.80 crore on Tuesday, according to exchange data. This was the second straight day of selling after FIIs had turned buyers for three consecutive sessions.

2) Profit-booking in select sectors: Profit-taking was seen in IT, pharma and oil and gas stocks. <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/sunpharmaceuticalindustries/SPI">Sun Pharmaceutical Industries</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/drreddyslaboratories/DRL">Dr Reddy's Laboratories</a> were among the major laggards, falling up to 1 percent.
<h3><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-start-us-asian-markets-advance-liveblog-13740193.html" target="_blank">Stock Market LIVE Updates</a></h3>
3) Weakness in IT stocks: Shares of IT companies declined after the US administration announced changes to the H-1B work visa system. Under the new framework, visas will no longer be allocated purely through a lottery. Instead, applications will be weighted to prioritise higher-paid and more skilled foreign workers, the US Department of Homeland Security said.

This marked the second consecutive session of decline for IT stocks after they had risen for four straight sessions.
<h3><a href="https://www.moneycontrol.com/news/business/markets/coforge-tech-mahindra-other-it-shares-fall-up-to-1-as-us-scraps-h-1b-lottery-13740615.html" target="_blank">Coforge, Tech Mahindra, other IT shares fall up to 1% as US scraps H-1B lottery</a></h3>
<h3>Technical view</h3>
Anand James, Chief Market Strategist at Geojit Investments Ltd, said the 26,100 level continued to act as a support for the Nifty.

"The 26,100 region pencilled in as the downside marker remained intact yesterday, providing a launch pad for yet another swing higher. Towards this end, 26,300-26,100 will be the starting range for the day with expectations of large moves on break of either extremity. Meanwhile, yesterday's doji lends a sideways bias for initial trades today," James said.

 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.

Sensex settles 300 pts lower from day’s high, Nifty ends below 26,150: 3 key reasons behind market decline

The benchmark equity indices Sensex and Nifty slipped from their intraday highs on Wednesday amid profit-booking in select sectors and continued selling by foreign institutional investors (FIIs).

The Sensex dropped by 116.14 points or 0.14 percent to settle at 85,408.70. During the day, it hit a high of 85,738.18 and a low of 85,342.19. The Nifty edged lower by 35.05 points or 0.13 percent to 26,142.10.

Key factors behind the market decline

1) FII selling: Foreign institutional investors offloaded equities worth Rs 1,794.80 crore on Tuesday, according to exchange data. This was the second straight day of selling after FIIs had turned buyers for three consecutive sessions.

2) Profit-booking in select sectors: Profit-taking was seen in IT, pharma and oil and gas stocks. Sun Pharmaceutical Industries and Dr Reddy's Laboratories were among the major laggards, falling up to 1 percent.
Stock Market LIVE Updates
3) Weakness in IT stocks: Shares of IT companies declined after the US administration announced changes to the H-1B work visa system. Under the new framework, visas will no longer be allocated purely through a lottery. Instead, applications will be weighted to prioritise higher-paid and more skilled foreign workers, the US Department of Homeland Security said.

This marked the second consecutive session of decline for IT stocks after they had risen for four straight sessions.
Coforge, Tech Mahindra, other IT shares fall up to 1% as US scraps H-1B lottery
Technical view
Anand James, Chief Market Strategist at Geojit Investments Ltd, said the 26,100 level continued to act as a support for the Nifty.

&quot;The 26,100 region pencilled in as the downside marker remained intact yesterday, providing a launch pad for yet another swing higher. Towards this end, 26,300-26,100 will be the starting range for the day with expectations of large moves on break of either extremity. Meanwhile, yesterday's doji lends a sideways bias for initial trades today,&quot; James said.

 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.

Sensex and Nifty rebounded, tracking positive global market cues, Rupee rose 12 paise after RBI's Rs 3 lakh crore liquidity infusion, Value buying seen in stocks like Shriram Finance and Bajaj Finance

* Sensex and Nifty rebounded, tracking positive global market cues
* Rupee rose 12 paise after RBI's Rs 3 lakh crore liquidity infusion
* Value buying seen in stocks like Shriram Finance and Bajaj Finance

Sensex and Nifty rebounded on Wednesday, driven by positive global market cues, a stronger rupee after RBI liquidity measures, and value buying in select stocks. Analysts see consolidation with an upward bias supported by strong domestic indicators.

shorts/business/sensex-rises-250-pts-from-day-s-low-nifty-above-26-200-positive-global-cues-among-key-factors-behind-market-rise

* Sensex and Nifty rebounded, tracking positive global market cues
* Rupee rose 12 paise after RBI's Rs 3 lakh crore liquidity infusion
* Value buying seen in stocks like Shriram Finance and Bajaj Finance

The benchmark equity indices Sensex and Nifty rebounded from the day’s lows on Wednesday, tracking firm cues from global markets.

The Sensex climbed 115.80 points to 85,640.64, recovering about 250 points from the day’s low. The broader Nifty rose 40.70 points at 26,217.85.
<h3>Key factors behind market rise</h3>
1) Positive global cues: In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng were trading in positive territory. US markets ended higher on Tuesday.

2) Rupee rises: The rupee appreciated 12 paise to 89.51 against the US dollar in early trade, supported by the Reserve Bank of India’s liquidity measures and weakness in the American currency overseas. Forex traders said the rupee opened stronger after the RBI announced liquidity infusion of about Rs 3 lakh crore, which is expected to support the domestic currency and ease liquidity conditions.

3) Value buying: Value buying was seen in select stocks such as <a href="https://www.moneycontrol.com/india/stockpricequote/finance-leasinghire-purchase/shriramfinance/STF">Shriram Finance</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/bajajfinance/BAF">Bajaj Finance</a> after early declines, as brokerages are upbeat on better returns in 2026.

"As 2025 draws to a close, the market appears to be moving into a consolidation phase with an upward bias. Strong domestic macroeconomic indicators and supportive earnings growth expectations for the second half of FY26 and for FY27 will provide fundamental support," VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd, said.
<h3>Technical Analysis</h3>
Anand James, Chief Market Strategist at Geojit Investments noted that "the 26,100 region pencilled in as the downside marker remained intact yesterday, providing a launch pad for yet another swing higher. Towards this end, 26300-100 will be the starting range for the day with expectations of large moves on break of either extremity. Meanwhile, yesterday's doji lends a sideways bias for initial trades today."

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.

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 gains 300 pts from day's low, Nifty above 26,200: Positive global cues among key factors behind market rise

The benchmark equity indices Sensex and Nifty rebounded from the day’s lows on Wednesday, tracking firm cues from global markets.

The Sensex climbed 115.80 points to 85,640.64, recovering about 250 points from the day’s low. The broader Nifty rose 40.70 points at 26,217.85.
Key factors behind market rise
1) Positive global cues: In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng were trading in positive territory. US markets ended higher on Tuesday.

2) Rupee rises: The rupee appreciated 12 paise to 89.51 against the US dollar in early trade, supported by the Reserve Bank of India’s liquidity measures and weakness in the American currency overseas. Forex traders said the rupee opened stronger after the RBI announced liquidity infusion of about Rs 3 lakh crore, which is expected to support the domestic currency and ease liquidity conditions.

3) Value buying: Value buying was seen in select stocks such as Shriram Finance and Bajaj Finance after early declines, as brokerages are upbeat on better returns in 2026.

&quot;As 2025 draws to a close, the market appears to be moving into a consolidation phase with an upward bias. Strong domestic macroeconomic indicators and supportive earnings growth expectations for the second half of FY26 and for FY27 will provide fundamental support,&quot; VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd, said.
Technical Analysis
Anand James, Chief Market Strategist at Geojit Investments noted that &quot;the 26,100 region pencilled in as the downside marker remained intact yesterday, providing a launch pad for yet another swing higher. Towards this end, 26300-100 will be the starting range for the day with expectations of large moves on break of either extremity. Meanwhile, yesterday's doji lends a sideways bias for initial trades today.&quot;

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.

Ramayana's 3D promo sparked chants and ovations in theatres across India, Producer Namit Malhotra thanked fans for their enthusiastic social media response., The film stars Ranbir Kapoor, Yash, Sai Pallavi and releases Diwali 2026

* Ramayana's 3D promo sparked chants and ovations in theatres across India
* Producer Namit Malhotra thanked fans for their enthusiastic social media response.
* The film stars Ranbir Kapoor, Yash, Sai Pallavi and releases Diwali 2026

The 3D promo of the epic film Ramayana sparked massive excitement in Indian cinemas, with audiences chanting and applauding. Viral videos show strong emotional reactions, raising anticipation for the film, set for release in Diwali 2026.

shorts/entertainment/ramayana-s-3d-promo-screens-in-theatres-nationwide-namit-malhotra-calls-it-electrifying

Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, Adani Ports were among major gainers on the Nifty, while losers were Interglobe Aviation, Wipro, Dr Reddy's Labs, Sun Pharma, Tata Motors Passenger Vehicles. Except media and metal, all other sectoral indices ended in the red with Information Technology, Oil &amp; Gas, Pharma, PSU Bank down 0.4% each. The BSE midcap index was down 0.4 percent and smallcap index ended flat.

Closing Bell: Sensex sheds 116 pts, Nifty below 26,150; media gains, IT drags

Live Blog

Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, Adani Ports were among major gainers on the Nifty, while losers were Interglobe Aviation, Wipro, Dr Reddy's Labs, Sun Pharma, Tata Motors Passenger Vehicles. Except media and metal, all other sectoral indices ended in the red with Information Technology, Oil &amp;amp; Gas, Pharma, PSU Bank down 0.4% each. The BSE midcap index was down 0.4 percent and smallcap index ended flat.

9 out of 17 years BSE FMCG has given positive returns in December.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	20,373.80	20,437.22	20,540.87	20,270.15	20,206.73	20,103.08	20,039.66
Fibonacci	20,333.97	20,373.40	20,437.22	20,270.15	20,206.33	20,166.90	20,103.08
Camarilla	20,325.69	20,341.01	20,356.32	20,270.15	20,295.07	20,279.75	20,264.44

INDEX CONTRIBUTION - BSE FMCG

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