NIFTY NEXT 50

<img class="size-full wp-image-13723843" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213033914_Market_down1.jpeg" alt="The Indian benchmark indices ended lower in the volatile week ended December 12 on the back of persistent FII outflow, further rupee depreciation against the dollar, and ongoing uncertainty surrounding the US–India trade deal." width="1280" height="720" /> The Indian benchmark indices ended lower in the volatile week ended December 12 on the back of persistent FII outflow, further rupee depreciation against the dollar, and ongoing uncertainty surrounding the US–India trade deal; however, the DIIs' support helped to trim some losses.

<img class="size-full wp-image-13723844" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034508_Nifty_sensex.jpg" alt="BSE Sensex index shed 444.71 points or 0.51 percent at 85,267.66, while Nifty50 index fell 139.5 points or 0.53 percent at 26,046.95." width="1280" height="720" /> BSE Sensex index shed 444.71 points or 0.51 percent at 85,267.66, while Nifty50 index fell 139.5 points or 0.53 percent at 26,046.95.

<img class="size-full wp-image-13723846" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034536_sensex_nifty_stock-stocks_stock.jpg" alt="The BSE Large-cap Index shed 0.4 percent dragged by Interglobe Aviation, Asian Paints, Siemens Energy India, Hero MotoCorp, Mazagon Dock Shipbuilders, however, Hindustan Zinc, Vodafone Idea, Swiggy, SRF, JSW Energy added between 4-12 percent." width="1280" height="720" /> The BSE Large-cap Index shed 0.4 percent, dragged by Interglobe Aviation, Asian Paints, Siemens Energy India, Hero MotoCorp, Mazagon Dock Shipbuilders; however, Hindustan Zinc, Vodafone Idea, Swiggy, SRF, and JSW Energy added between 4-12 percent.

<img class="size-full wp-image-13723847" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034556_stocks5.jpg" alt="BSE Mid-cap Index shed 0.3 percent dragged by Bharat Dynamics, Coforge, ITC Hotels, Mahindra and Mahindra Financial Services, Housing &amp; Urban Development Corporation, while gainers were GE Vernova TD India, New India Assurance Company, Nippon Life India Asset Management, Bandhan Bank, Lloyds Metals and Energy." width="1280" height="720" /> BSE Mid-cap Index shed 0.3 percent, dragged by Bharat Dynamics, Coforge, ITC Hotels, Mahindra and Mahindra Financial Services, Housing &amp; Urban Development Corporation, while gainers were GE Vernova TD India, New India Assurance Company, Nippon Life India Asset Management, Bandhan Bank, Lloyds Metals and Energy.

<img class="size-full wp-image-13723848" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034623_sensex_nifty_stock_markets.jpg" alt="The BSE Small-cap index fell 0.4 percent with Refex Industries, Kothari Industrial Corporation, Hubtown, Bliss GVS Pharma, Jagatjit Industries, Websol Energy System, Fino Payments Bank, Deccan Gold Mines, Reliance Infrastructure fell between 12-23 percent, while Fermenta Biotech, Stallion India Fluorochemicals, Rolex Rings, Sri Adhikari Brothers Television, Dolat Algotech, Transformers and Rectifiers India, Suratwwala Business Group, PRAVEG, Dredging Corporation India, Blue Cloud Softech Solutions, EFC (I) added between 16-26 percent." width="1280" height="720" /> The BSE Small-cap index fell 0.4 percent with Refex Industries, Kothari Industrial Corporation, Hubtown, Bliss GVS Pharma, Jagatjit Industries, Websol Energy System, Fino Payments Bank, Deccan Gold Mines, Reliance Infrastructure fell between 12-23 percent, while Fermenta Biotech, Stallion India Fluorochemicals, Rolex Rings, Sri Adhikari Brothers Television, Dolat Algotech, Transformers and Rectifiers India, Suratwwala Business Group, PRAVEG, Dredging Corporation India, Blue Cloud Softech Solutions, EFC (I) added between 16-26 percent.

<img class="size-full wp-image-13723849" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034649_Nifty_sensex_marketup.jpg" alt="On the sectoral front, Nifty Defence index shed 3 percent, however, Nifty Media, Nifty PSU Bank, Nifty IT, Nifty FMCG down between 1-1.7 percent. On the other hand, Nifty Metal index rose 2 percent and Nifty Consumer Durables added 0.4 percent." width="1280" height="720" /> On the sectoral front, the Nifty Defence index shed 3 percent; however, the Nifty Media, Nifty PSU Bank, Nifty IT, and Nifty FMCG were down between 1-1.7 percent. On the other hand, the Nifty Metal index rose 2 percent, and the Nifty Consumer Durables added 0.4 percent.

<img class="size-full wp-image-13723850" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034710_sensex_nifty1.jpg" alt="The Foreign Institutional Investors' (FIIs) offloaded equities worth Rs 9,201.89 crore, while Domestic Institutional Investors (DII) continued their buying as they bought equities worth Rs 20,184.70 crore." width="1280" height="720" /> The Foreign Institutional Investors (FIIs) offloaded equities worth Rs 9,201.89 crore, while Domestic Institutional Investors (DIIs) continued their buying as they bought equities worth Rs 20,184.70 crore.

<img class="size-full wp-image-13723851" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034737_rupee-fall.jpg" alt="The Indian rupee has extended their fall against the US dollar as t touched fresh record low of 90.56 during the Friday's session. However, it closed the week 43 paise lower at 90.42 versus December 5 closing of 89.99. During the week, the Indian rupee traded in the range of 89.76-90.56." width="1280" height="720" /> The Indian rupee has extended its fall against the US dollar as it touched a fresh record low of 90.56 during Friday's session. However, it closed the week 43 paise lower at 90.42 versus the December 5 closing of 89.99. During the week, the Indian rupee traded in the range of 89.76-90.56.

<img class="size-full wp-image-13723852" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034803_sensex_nifty_market_Nifty_nse_bse.jpg" alt="During the week, Reliance Industries added the most in terms of market value, followed by Maruti Suzuki India, Tata Steel, Titan Company. On the other hand, Asian Paints, Bajaj Finance, ICICI Bank, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Reliance Industries added the most in terms of market value, followed by Maruti Suzuki India, Tata Steel, and Titan Company. On the other hand, Asian Paints, Bajaj Finance, and ICICI Bank lost most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

During the week, Reliance Industries added the most in terms of market value, followed by Maruti Suzuki India, Tata Steel, Titan Company.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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Use of Artificial Intelligence

The Indian benchmark indices ended lower in the volatile week ended December 12 on the back of persistent FII outflow, further rupee depreciation against the dollar, and ongoing uncertainty surrounding the US–India trade deal.

BSE Sensex index shed 444.71 points or 0.51 percent at 85,267.66, while Nifty50 index fell 139.5 points or 0.53 percent at 26,046.95.

The BSE Large-cap Index shed 0.4 percent dragged by Interglobe Aviation, Asian Paints, Siemens Energy India, Hero MotoCorp, Mazagon Dock Shipbuilders, however, Hindustan Zinc, Vodafone Idea, Swiggy, SRF, JSW Energy added between 4-12 percent.

BSE Mid-cap Index shed 0.3 percent dragged by Bharat Dynamics, Coforge, ITC Hotels, Mahindra and Mahindra Financial Services, Housing &amp; Urban Development Corporation, while gainers were GE Vernova TD India, New India Assurance Company, Nippon Life India Asset Management, Bandhan Bank, Lloyds Metals and Energy.

The BSE Small-cap index fell 0.4 percent with Refex Industries, Kothari Industrial Corporation, Hubtown, Bliss GVS Pharma, Jagatjit Industries, Websol Energy System, Fino Payments Bank, Deccan Gold Mines, Reliance Infrastructure fell between 12-23 percent, while Fermenta Biotech, Stallion India Fluorochemicals, Rolex Rings, Sri Adhikari Brothers Television, Dolat Algotech, Transformers and Rectifiers India, Suratwwala Business Group, PRAVEG, Dredging Corporation India, Blue Cloud Softech Solutions, EFC (I) added between 16-26 percent.

On the sectoral front, Nifty Defence index shed 3 percent, however, Nifty Media, Nifty PSU Bank, Nifty IT, Nifty FMCG down between 1-1.7 percent. On the other hand, Nifty Metal index rose 2 percent and Nifty Consumer Durables added 0.4 percent.

The Foreign Institutional Investors' (FIIs) offloaded equities worth Rs 9,201.89 crore, while Domestic Institutional Investors (DII) continued their buying as they bought equities worth Rs 20,184.70 crore.

The Indian rupee has extended their fall against the US dollar as t touched fresh record low of 90.56 during the Friday's session. However, it closed the week 43 paise lower at 90.42 versus December 5 closing of 89.99. During the week, the Indian rupee traded in the range of 89.76-90.56.

During the week, Reliance Industries added the most in terms of market value, followed by Maruti Suzuki India, Tata Steel, Titan Company. On the other hand, Asian Paints, Bajaj Finance, ICICI Bank, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

Market slips 0.5% in volatile week; rupee at fresh low

<img class="size-full wp-image-13723843" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213033914_Market_down1.jpeg" alt="The Indian benchmark indices ended lower in the volatile week ended December 12 on the back of persistent FII outflow, further rupee depreciation against the dollar, and ongoing uncertainty surrounding the US–India trade deal." width="1280" height="720" /> The Indian benchmark indices ended lower in the volatile week ended December 12 on the back of persistent FII outflow, further rupee depreciation against the dollar, and ongoing uncertainty surrounding the US–India trade deal; however, the DIIs' support helped to trim some losses.

<img class="size-full wp-image-13723844" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034508_Nifty_sensex.jpg" alt="BSE Sensex index shed 444.71 points or 0.51 percent at 85,267.66, while Nifty50 index fell 139.5 points or 0.53 percent at 26,046.95." width="1280" height="720" /> BSE Sensex index shed 444.71 points or 0.51 percent at 85,267.66, while Nifty50 index fell 139.5 points or 0.53 percent at 26,046.95.

<img class="size-full wp-image-13723846" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034536_sensex_nifty_stock-stocks_stock.jpg" alt="The BSE Large-cap Index shed 0.4 percent dragged by Interglobe Aviation, Asian Paints, Siemens Energy India, Hero MotoCorp, Mazagon Dock Shipbuilders, however, Hindustan Zinc, Vodafone Idea, Swiggy, SRF, JSW Energy added between 4-12 percent." width="1280" height="720" /> The BSE Large-cap Index shed 0.4 percent, dragged by Interglobe Aviation, Asian Paints, Siemens Energy India, Hero MotoCorp, Mazagon Dock Shipbuilders; however, Hindustan Zinc, Vodafone Idea, Swiggy, SRF, and JSW Energy added between 4-12 percent.

<img class="size-full wp-image-13723847" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034556_stocks5.jpg" alt="BSE Mid-cap Index shed 0.3 percent dragged by Bharat Dynamics, Coforge, ITC Hotels, Mahindra and Mahindra Financial Services, Housing &amp; Urban Development Corporation, while gainers were GE Vernova TD India, New India Assurance Company, Nippon Life India Asset Management, Bandhan Bank, Lloyds Metals and Energy." width="1280" height="720" /> BSE Mid-cap Index shed 0.3 percent, dragged by Bharat Dynamics, Coforge, ITC Hotels, Mahindra and Mahindra Financial Services, Housing &amp; Urban Development Corporation, while gainers were GE Vernova TD India, New India Assurance Company, Nippon Life India Asset Management, Bandhan Bank, Lloyds Metals and Energy.

<img class="size-full wp-image-13723848" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034623_sensex_nifty_stock_markets.jpg" alt="The BSE Small-cap index fell 0.4 percent with Refex Industries, Kothari Industrial Corporation, Hubtown, Bliss GVS Pharma, Jagatjit Industries, Websol Energy System, Fino Payments Bank, Deccan Gold Mines, Reliance Infrastructure fell between 12-23 percent, while Fermenta Biotech, Stallion India Fluorochemicals, Rolex Rings, Sri Adhikari Brothers Television, Dolat Algotech, Transformers and Rectifiers India, Suratwwala Business Group, PRAVEG, Dredging Corporation India, Blue Cloud Softech Solutions, EFC (I) added between 16-26 percent." width="1280" height="720" /> The BSE Small-cap index fell 0.4 percent with Refex Industries, Kothari Industrial Corporation, Hubtown, Bliss GVS Pharma, Jagatjit Industries, Websol Energy System, Fino Payments Bank, Deccan Gold Mines, Reliance Infrastructure fell between 12-23 percent, while Fermenta Biotech, Stallion India Fluorochemicals, Rolex Rings, Sri Adhikari Brothers Television, Dolat Algotech, Transformers and Rectifiers India, Suratwwala Business Group, PRAVEG, Dredging Corporation India, Blue Cloud Softech Solutions, EFC (I) added between 16-26 percent.

<img class="size-full wp-image-13723849" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034649_Nifty_sensex_marketup.jpg" alt="On the sectoral front, Nifty Defence index shed 3 percent, however, Nifty Media, Nifty PSU Bank, Nifty IT, Nifty FMCG down between 1-1.7 percent. On the other hand, Nifty Metal index rose 2 percent and Nifty Consumer Durables added 0.4 percent." width="1280" height="720" /> On the sectoral front, the Nifty Defence index shed 3 percent; however, the Nifty Media, Nifty PSU Bank, Nifty IT, and Nifty FMCG were down between 1-1.7 percent. On the other hand, the Nifty Metal index rose 2 percent, and the Nifty Consumer Durables added 0.4 percent.

<img class="size-full wp-image-13723850" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034710_sensex_nifty1.jpg" alt="The Foreign Institutional Investors' (FIIs) offloaded equities worth Rs 9,201.89 crore, while Domestic Institutional Investors (DII) continued their buying as they bought equities worth Rs 20,184.70 crore." width="1280" height="720" /> The Foreign Institutional Investors (FIIs) offloaded equities worth Rs 9,201.89 crore, while Domestic Institutional Investors (DIIs) continued their buying as they bought equities worth Rs 20,184.70 crore.

<img class="size-full wp-image-13723851" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034737_rupee-fall.jpg" alt="The Indian rupee has extended their fall against the US dollar as t touched fresh record low of 90.56 during the Friday's session. However, it closed the week 43 paise lower at 90.42 versus December 5 closing of 89.99. During the week, the Indian rupee traded in the range of 89.76-90.56." width="1280" height="720" /> The Indian rupee has extended its fall against the US dollar as it touched a fresh record low of 90.56 during Friday's session. However, it closed the week 43 paise lower at 90.42 versus the December 5 closing of 89.99. During the week, the Indian rupee traded in the range of 89.76-90.56.

<img class="size-full wp-image-13723852" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251213034803_sensex_nifty_market_Nifty_nse_bse.jpg" alt="During the week, Reliance Industries added the most in terms of market value, followed by Maruti Suzuki India, Tata Steel, Titan Company. On the other hand, Asian Paints, Bajaj Finance, ICICI Bank, lost the most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Reliance Industries added the most in terms of market value, followed by Maruti Suzuki India, Tata Steel, and Titan Company. On the other hand, Asian Paints, Bajaj Finance, and ICICI Bank lost most of their market-cap. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Financial markets often behave in the most unexpected way. You've done your homework. You've analyzed the derivatives data. You enter the trade with confidence. Then the market does what it does best: it moves against you.

Your carefully planned bullish trade on Stock X starts bleeding red as the price drops from 580 to 530. Most traders panic here, either holding onto losing positions, hoping for a miracle, or doubling down and increasing their risk. But what if there was a third option? What if you could reshape your position to reduce risk, improve reward potential, or buy more time for your view to play out when your original conviction remains intact?

Let's understand this through real examples.

Scenario 1: Turning a losing position into a better structure

Say you're bullish on Stock X trading at 580. You buy a 580 call option for Rs. 23. The next day, the stock drops to 530, and your call is now worth just Rs. 7. Your initial reaction might be to hold and hope, or average down by buying more of the same option. Both approaches lock you into higher risk.

Here's where creativity helps. If you believe the stock will bounce from 530, buy a 530 call option trading at Rs. 22. Since many traders are stuck at the 580 level, it becomes a natural resistance point. Sell two 580 calls: one to exit your original position, and another to create a fresh trade. Your net position is now long 530 call at Rs. 22 and short 580 call at Rs. 8. This structure gives you better odds because you're positioned at the new support level rather than the old resistance.

Scenario 2: When your spread loses its edge

You entered a bull call spread at 580, buying the 580 call and selling the 620 call. The stock falls to 530. Your original spread now faces an uphill battle since 580 has turned into resistance. Instead of waiting and watching, adjust proactively. Exit the old 580-620 spread and create a new one by buying the 530 call and selling the 580 call. This new spread captures the full bounce potential from current levels, giving you a much higher probability of success.

Scenario 3: When time is running out

Sometimes the problem isn't direction but time. Imagine you're holding that same 580-620 bull call spread in December expiry, but the stock goes sideways. With just 10 days left to expiry, every passing day erodes your position's value, even if the stock doesn't move against you.

Solution? Roll the position forward. Square off the December spread and recreate the same 580-620 structure in the January expiry. This adjustment transforms a losing race against time into a viable trade with breathing room.

So next time the market moves against you, pause and ask yourself: Can I manage this trade creatively? Options give you flexibility that most instruments don't. Cultivate this habit consistently, and creative adjustments will become second nature.

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 decisions.

Shubham Agarwal is a CEO &amp; Head of Research at Quantsapp Pvt. Ltd.

He has been into many major kinds of market research and has been a programmer himself in Tens of programming languages.

Earlier to the current position, Shubham has served for Motilal Oswal as Head of Quantitative, Technical &amp; Derivatives Research and as a Technical Analyst at JM Financial.

Beyond Panic: Take control when your derivatives trade turns red, says Shubham Agarwal

Financial markets often behave in the most unexpected way. You've done your homework. You've analyzed the derivatives data. You enter the trade with confidence. Then the market does what it does best: it moves against you.

Your carefully planned bullish trade on Stock X starts bleeding red as the price drops from 580 to 530. Most traders panic here, either holding onto losing positions, hoping for a miracle, or doubling down and increasing their risk. But what if there was a third option? What if you could reshape your position to reduce risk, improve reward potential, or buy more time for your view to play out when your original conviction remains intact?

Let's understand this through real examples.

Scenario 1: Turning a losing position into a better structure

Say you're bullish on Stock X trading at 580. You buy a 580 call option for Rs. 23. The next day, the stock drops to 530, and your call is now worth just Rs. 7. Your initial reaction might be to hold and hope, or average down by buying more of the same option. Both approaches lock you into higher risk.

Here's where creativity helps. If you believe the stock will bounce from 530, buy a 530 call option trading at Rs. 22. Since many traders are stuck at the 580 level, it becomes a natural resistance point. Sell two 580 calls: one to exit your original position, and another to create a fresh trade. Your net position is now long 530 call at Rs. 22 and short 580 call at Rs. 8. This structure gives you better odds because you're positioned at the new support level rather than the old resistance.

Scenario 2: When your spread loses its edge

You entered a bull call spread at 580, buying the 580 call and selling the 620 call. The stock falls to 530. Your original spread now faces an uphill battle since 580 has turned into resistance. Instead of waiting and watching, adjust proactively. Exit the old 580-620 spread and create a new one by buying the 530 call and selling the 580 call. This new spread captures the full bounce potential from current levels, giving you a much higher probability of success.

Scenario 3: When time is running out

Sometimes the problem isn't direction but time. Imagine you're holding that same 580-620 bull call spread in December expiry, but the stock goes sideways. With just 10 days left to expiry, every passing day erodes your position's value, even if the stock doesn't move against you.

Solution? Roll the position forward. Square off the December spread and recreate the same 580-620 structure in the January expiry. This adjustment transforms a losing race against time into a viable trade with breathing room.

So next time the market moves against you, pause and ask yourself: Can I manage this trade creatively? Options give you flexibility that most instruments don't. Cultivate this habit consistently, and creative adjustments will become second nature.

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 decisions.

"We have no doubt that FIIs will return in 2026 as the reasons for selling are now reversing," said Dinshaw Irani, MD &amp; CEO at Helios India, in an interview with Moneycontrol.

According to him, the valuations have become reasonable, and the growth rates are back. Even the main reasons - the outcome of the trade deal with the US and a confirmation on growth sustainability - are expected to be addressed by Q1CY26, he said.

Among sectors, he believes the domestic consumption demand-related sectors are the best placed to outperform. Selectively, one can even play the capex and infra theme, which will need to kick in to satisfy the growing domestic demand, he said.

Do you think the incoming Fed Chair is likely to push rates lower more aggressively in 2026?

The existing Chairman of the Federal Reserve, Jerome Powell's term is to end on May 15, 2026. A new Chairman is to be nominated by the POTUS, who has gone on record stating that he will reveal the name at the beginning of 2026. The betting counters in the US are pointing towards Kevin Hassett, his trusted economic advisor, to get nominated.

The Senate will subsequently have to confirm this nomination. The POTUS has already put one of his advisors, Stephen Miran, on the Fed Board temporarily, and he has voted for bumper rate cuts. If Hassett were to become the chair, he too would work in the same direction.

Do you believe earnings growth will pick up selectively next year, or will it be broad-based?

The marked slowdown in earnings growth started from the first quarter of FY25 and continued into the first quarter of FY26. The slowdown was a result of fiscal and monetary tightening undertaken in the previous year to control inflation, and has proved effective in controlling inflation.

However, the fiscal and monetary easing, too, which commenced in the last quarter of CY24, has been very effective in driving up consumption. Thus, we believe that domestic consumption-driven sectors will do potentially far better than export-driven companies.

Most experts believe there are enough reasons for FIIs to re-look at India. If yes, what factors are currently keeping them away from Indian markets, and do you expect them to return in 2026?

The sole reason for FIIs to move money out of the country was high valuations not being supported by adequate growth in earnings. FII exodus started in September last year with the drop in earnings growth, and since then, except for a few months, one has seen only outflows.

However, the reasons for selling are now reversing. The valuations have become reasonable, and the growth rates are back. Ideally, they should have started the buying spree, but we believe the main reasons for them to hold back are the outcome of the trade deal with the US and a confirmation on growth sustainability. Both these factors are expected to be addressed by Q1CY26. We do not doubt that they will return in 2026.

What are the top sectoral themes for next year?

We believe the domestic consumption demand-related sectors are the best placed to outperform. Fortunately, in India, we have a variety of such sectors like Banking, Financial Services and Insurance, Autos and ancillaries, Hospitality, Healthcare, E-Commerce and Quick Commerce, Platform Companies, etc.

Selectively, one can even play the capex and infra theme, which will need to kick in to satisfy the growing domestic demand.

Do you think inflation will not be a major concern in 2026? Do you expect the RBI to deliver a couple of rate cuts next year?

Given the aggressive rate cuts and the huge infusion of liquidity, demand for goods and services is bound to move up. This will certainly result in demand-led inflation at a later date as supplies are not able to keep pace with demand.

We believe that this scenario will play out by the end of CY26, which coincides with a low YoY base. However, that should not stop the RBI from cutting rates well into the first half of CY26 as inflation is expected to remain benign during that time period.

Do you expect demand for precious metals to remain strong even in 2026?

We have been flummoxed by the continued strength in precious metal prices. The erstwhile reasons for the strength, like geopolitical tensions, political and trade uncertainty, rising inflation, etc were well understood. But of late, these factors are easing.

The only thing supporting the rally now is the depreciating USD (against global currencies) and human greed. The former will ease out consequently, while we do not have any answers for the latter.

Do you like the quick-commerce space over the long term? Do you expect consolidation to take place, given that several players are sitting on large war chests?

We don’t like but we love the quick commerce space as this segment, given the underpenetration, is expected to see exponential growth in the near future. New players with deep pockets are bound to test the waters in such exponential growth industries, and consolidation is othe nly way forward, given that there will be failures. Established players are expected to have an inherent advantage, and heavy discounting cannot be the way forward, as it will only ensure an early crash and burn.

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.

Daily Voice | FIIs to return in 2026: Helios’ Dinshaw Irani sees domestic consumption sectors outperform

&quot;We have no doubt that FIIs will return in 2026 as the reasons for selling are now reversing,&quot; said Dinshaw Irani, MD &amp;amp; CEO at Helios India, in an interview with Moneycontrol.

According to him, the valuations have become reasonable, and the growth rates are back. Even the main reasons - the outcome of the trade deal with the US and a confirmation on growth sustainability - are expected to be addressed by Q1CY26, he said.

Among sectors, he believes the domestic consumption demand-related sectors are the best placed to outperform. Selectively, one can even play the capex and infra theme, which will need to kick in to satisfy the growing domestic demand, he said.

Do you think the incoming Fed Chair is likely to push rates lower more aggressively in 2026?

The existing Chairman of the Federal Reserve, Jerome Powell's term is to end on May 15, 2026. A new Chairman is to be nominated by the POTUS, who has gone on record stating that he will reveal the name at the beginning of 2026. The betting counters in the US are pointing towards Kevin Hassett, his trusted economic advisor, to get nominated.

The Senate will subsequently have to confirm this nomination. The POTUS has already put one of his advisors, Stephen Miran, on the Fed Board temporarily, and he has voted for bumper rate cuts. If Hassett were to become the chair, he too would work in the same direction.

Do you believe earnings growth will pick up selectively next year, or will it be broad-based?

The marked slowdown in earnings growth started from the first quarter of FY25 and continued into the first quarter of FY26. The slowdown was a result of fiscal and monetary tightening undertaken in the previous year to control inflation, and has proved effective in controlling inflation.

However, the fiscal and monetary easing, too, which commenced in the last quarter of CY24, has been very effective in driving up consumption. Thus, we believe that domestic consumption-driven sectors will do potentially far better than export-driven companies.

Most experts believe there are enough reasons for FIIs to re-look at India. If yes, what factors are currently keeping them away from Indian markets, and do you expect them to return in 2026?

The sole reason for FIIs to move money out of the country was high valuations not being supported by adequate growth in earnings. FII exodus started in September last year with the drop in earnings growth, and since then, except for a few months, one has seen only outflows.

However, the reasons for selling are now reversing. The valuations have become reasonable, and the growth rates are back. Ideally, they should have started the buying spree, but we believe the main reasons for them to hold back are the outcome of the trade deal with the US and a confirmation on growth sustainability. Both these factors are expected to be addressed by Q1CY26. We do not doubt that they will return in 2026.

What are the top sectoral themes for next year?

We believe the domestic consumption demand-related sectors are the best placed to outperform. Fortunately, in India, we have a variety of such sectors like Banking, Financial Services and Insurance, Autos and ancillaries, Hospitality, Healthcare, E-Commerce and Quick Commerce, Platform Companies, etc.

Selectively, one can even play the capex and infra theme, which will need to kick in to satisfy the growing domestic demand.

Do you think inflation will not be a major concern in 2026? Do you expect the RBI to deliver a couple of rate cuts next year?

Given the aggressive rate cuts and the huge infusion of liquidity, demand for goods and services is bound to move up. This will certainly result in demand-led inflation at a later date as supplies are not able to keep pace with demand.

We believe that this scenario will play out by the end of CY26, which coincides with a low YoY base. However, that should not stop the RBI from cutting rates well into the first half of CY26 as inflation is expected to remain benign during that time period.

Do you expect demand for precious metals to remain strong even in 2026?

We have been flummoxed by the continued strength in precious metal prices. The erstwhile reasons for the strength, like geopolitical tensions, political and trade uncertainty, rising inflation, etc were well understood. But of late, these factors are easing.

The only thing supporting the rally now is the depreciating USD (against global currencies) and human greed. The former will ease out consequently, while we do not have any answers for the latter.

Do you like the quick-commerce space over the long term? Do you expect consolidation to take place, given that several players are sitting on large war chests?

We don’t like but we love the quick commerce space as this segment, given the underpenetration, is expected to see exponential growth in the near future. New players with deep pockets are bound to test the waters in such exponential growth industries, and consolidation is othe nly way forward, given that there will be failures. Established players are expected to have an inherent advantage, and heavy discounting cannot be the way forward, as it will only ensure an early crash and burn.

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.

The Nifty 50 maintained its upward journey and rallied nearly 0.6 percent for the second consecutive session on December 12. With Friday's rally, the index closed well above the short-term moving averages as well as the midline of the Bollinger Bands (all of which coincide with the 25,950–26,000 zone), signalling strength in the market. In addition, the India VIX falling to a two-month low also boosted confidence among bulls, though the Bank Nifty is yet to pick up momentum.

According to experts, if the Nifty 50 sustains above the psychological 26,000 zone, 26,200 and then the record high above 26,300 cannot be ruled out in the coming week. However, the 25,900–25,800 zone is expected to act as an immediate support.

The Nifty 50 opened higher and maintained its upward trajectory throughout the session, rising 148 points (0.57 percent) to close at 26,047 and forming a bullish candle on the daily charts. The momentum indicator RSI also inched higher to 54.4, though still slightly below the reference line, and the Stochastic RSI turned bullish.

The MACD inclined marginally but remained below the reference line, while the bearish momentum continued to fade in the histogram, though it is still below the zero line.

The immediate resistance of the down-sloping trendline is now placed at the edge of a decisive breakout, which is a positive indication. The larger-degree positive chart pattern of higher tops and bottoms remains intact.

The recent swing low of around 25,693 can be considered a new higher bottom of the pattern, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Nifty fell 0.53 percent for the week, extending its weakness for another week. The index formed a small bear candle with a long lower shadow on the weekly chart. A similar candle pattern has formed over the last two weeks, signalling the emergence of sharp buying in the market near immediate supports.

According to Nagaraj, the underlying trend of the Nifty continues to be positive. “The next upside levels to watch are around 26,300–26,400. Immediate support is placed at 25,900,” he said.

Weekly options data indicated that the Nifty 50 is expected to face resistance at 26,300–26,500 in the short term, with support at the 25,900–25,800 levels.

The maximum Call open interest was observed at the 26,500 strike, followed by the 26,200 and 26,300 strikes, with maximum Call writing at the 26,050, 26,300, and 26,500 strikes. On the Put side, the 26,000 strike holds the maximum open interest, followed by the 25,800 and 25,900 strikes, with maximum Put writing at the 26,000, 25,950, and 25,900 strikes.

Bank Nifty

The Bank Nifty also gained for another session, climbing 180 points (0.3 percent) to 59,390, but it could not close above the 59,400–59,500 zone, which remains a crucial level for a further upward move.

The index sustained above all key moving averages but formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears. The RSI also climbed to 58.21 but still remained below the reference line, while the Stochastic RSI showed a bullish breakout. The MACD maintained its bearish crossover, though weakness in the histogram faded slightly.

Overall, the banking index has been consolidating within the 59,440–58,800 band for the last three trading sessions. Although it attempted an intraday breakout above this range on Friday, it failed to sustain and closed back inside the range, suggesting the need for stronger conviction before a directional move emerges.

“The zone of 59,400–59,500 is likely to act as an immediate resistance area for the index. A sustained move above 59,500 could lead to Bank Nifty extending its pullback towards 59,800, followed by 60,100,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.

On the downside, the 58,900–58,800 zone is likely to act as strong support for the index, he added.

Meanwhile, the India VIX, also known as the fear gauge, dropped further to 10.11 — the lowest closing level since October 10 — down 2.81 percent, providing strong comfort for bulls. On a weekly basis, it has been falling for the third consecutive week, down 2.01 percent.

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.

Technical View: Nifty’s path to new highs hinges on 26,000 support as VIX hits 2-month low; Bank Nifty’s next leg depends on holding 59,500

The Nifty 50 maintained its upward journey and rallied nearly 0.6 percent for the second consecutive session on December 12. With Friday's rally, the index closed well above the short-term moving averages as well as the midline of the Bollinger Bands (all of which coincide with the 25,950–26,000 zone), signalling strength in the market. In addition, the India VIX falling to a two-month low also boosted confidence among bulls, though the Bank Nifty is yet to pick up momentum.

According to experts, if the Nifty 50 sustains above the psychological 26,000 zone, 26,200 and then the record high above 26,300 cannot be ruled out in the coming week. However, the 25,900–25,800 zone is expected to act as an immediate support.

The Nifty 50 opened higher and maintained its upward trajectory throughout the session, rising 148 points (0.57 percent) to close at 26,047 and forming a bullish candle on the daily charts. The momentum indicator RSI also inched higher to 54.4, though still slightly below the reference line, and the Stochastic RSI turned bullish.

The MACD inclined marginally but remained below the reference line, while the bearish momentum continued to fade in the histogram, though it is still below the zero line.

The immediate resistance of the down-sloping trendline is now placed at the edge of a decisive breakout, which is a positive indication. The larger-degree positive chart pattern of higher tops and bottoms remains intact.

The recent swing low of around 25,693 can be considered a new higher bottom of the pattern, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Nifty fell 0.53 percent for the week, extending its weakness for another week. The index formed a small bear candle with a long lower shadow on the weekly chart. A similar candle pattern has formed over the last two weeks, signalling the emergence of sharp buying in the market near immediate supports.

According to Nagaraj, the underlying trend of the Nifty continues to be positive. “The next upside levels to watch are around 26,300–26,400. Immediate support is placed at 25,900,” he said.

Weekly options data indicated that the Nifty 50 is expected to face resistance at 26,300–26,500 in the short term, with support at the 25,900–25,800 levels.

The maximum Call open interest was observed at the 26,500 strike, followed by the 26,200 and 26,300 strikes, with maximum Call writing at the 26,050, 26,300, and 26,500 strikes. On the Put side, the 26,000 strike holds the maximum open interest, followed by the 25,800 and 25,900 strikes, with maximum Put writing at the 26,000, 25,950, and 25,900 strikes.

Bank Nifty

The Bank Nifty also gained for another session, climbing 180 points (0.3 percent) to 59,390, but it could not close above the 59,400–59,500 zone, which remains a crucial level for a further upward move.

The index sustained above all key moving averages but formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears. The RSI also climbed to 58.21 but still remained below the reference line, while the Stochastic RSI showed a bullish breakout. The MACD maintained its bearish crossover, though weakness in the histogram faded slightly.

Overall, the banking index has been consolidating within the 59,440–58,800 band for the last three trading sessions. Although it attempted an intraday breakout above this range on Friday, it failed to sustain and closed back inside the range, suggesting the need for stronger conviction before a directional move emerges.

“The zone of 59,400–59,500 is likely to act as an immediate resistance area for the index. A sustained move above 59,500 could lead to Bank Nifty extending its pullback towards 59,800, followed by 60,100,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.

On the downside, the 58,900–58,800 zone is likely to act as strong support for the index, he added.

Meanwhile, the India VIX, also known as the fear gauge, dropped further to 10.11 — the lowest closing level since October 10 — down 2.81 percent, providing strong comfort for bulls. On a weekly basis, it has been falling for the third consecutive week, down 2.01 percent.

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.

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

10 out of 17 years NIFTY NEXT 50 has given positive returns in December.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	68,705.18	68,900.67	69,237.33	68,368.52	68,173.03	67,836.37	67,640.88
Fibonacci	68,571.80	68,697.39	68,900.67	68,368.52	68,165.24	68,039.65	67,836.37
Camarilla	68,558.48	68,607.26	68,656.04	68,368.52	68,460.92	68,412.14	68,363.36

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