NIFTY PSE

Supreme Court standardizes Aravalli definition for state mining regulations, Activists protest new definition, fearing loss of protection for lower hills, Government claims only 0.19% of Aravalli area is eligible for mining

* Supreme Court standardizes Aravalli definition for state mining regulations
* Activists protest new definition, fearing loss of protection for lower hills
* Government claims only 0.19% of Aravalli area is eligible for mining

A Supreme Court judgment standardized the definition of the Aravalli Hills for mining regulation, sparking protests from activists who fear it weakens protections and threatens ecology, while the government insists safeguards remain and only limited mining is allowed.

shorts/business/aravallis-explained-supreme-court-s-verdict-public-outcry-and-what-the-government-says

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"><strong>Unlisted stocks see sharp falls in MSEI, Apollo Green; NCDEX, Goodluck Defence gain in 2025</strong></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"><strong>Tier-2 India’s ultra-rich chase double-digit returns, lag metros on succession planning: Nuvama’s Alok Saigal explains the divergence</strong></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>

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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

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

Indian banks expected to see 5 percent YoY net interest income growth in Q3, Citi issues 90-day positive watch on HDFC Bank and Kotak Mahindra Bank., Bank Nifty flat; Axis Securities notes consolidation, key support at 58,700

* Indian banks expected to see 5 percent YoY net interest income growth in Q3
* Citi issues 90-day positive watch on HDFC Bank and Kotak Mahindra Bank.
* Bank Nifty flat; Axis Securities notes consolidation, key support at 58,700

Citi expects Indian banks' net interest income to grow 5% YoY and profit after tax by 4% in Q3, with mixed margin trends. Bank Nifty traded flat; key banks saw marginal gains or losses. Axis Securities sees consolidation, with 59,306 as a trend level.

shorts/business/citi-sees-indian-banks-to-report-modest-q3-profit-growth-check-key-levels-for-bank-nifty

* Indian banks expected to see 5 percent YoY net interest income growth in Q3
* Citi issues 90-day positive watch on HDFC Bank and Kotak Mahindra Bank.
* Bank Nifty flat; Axis Securities notes consolidation, key support at 58,700

Citi in its latest note has said that Indian banks are expected to report 5 percent year-on-year growth in net interest income and 4 percent upside in profit after tax in the December quarter.

It added that credit growth is likely to slow to 3–5 percent sequentially (QoQ), while net interest margins (NIMs) show divergent trends. Citi expects margins to expand for AU Small Finance Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a>, Kotak Mahindra Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/rblbank/RB03">RBL Bank</a> and SBM Bank.

However it sees margins to remain flat for <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02">ICICI Bank</a> and IDFC First Bank, and dip slightly for Axis Bank and Yes Bank. Citi placed a 90-day positive catalyst watch on HDFC Bank and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a>, while downgrading <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/federalbank/FB">Federal Bank</a> to "neutral" after a sharp rally.
<h3><strong>Technical view on Bank Nifty:</strong></h3>
Axis Securities remained mildly bullish on Bank Nifty, stating that the trend-deciding level for the day is 59,306. In case the index manages to trade above this level, it can rally up to 59,396-59,492-59,581 levels, the domestic brokerage said.

“However, if it trades below 59306 levels, we may witness profit booking in the market, and the index may correct up to 59210-59121-59024 levels,” it added.

“The index overall is having a consolidation period with the support maintained strong near the 58700 zone and on the upside a decisive breach above the 59800 level is necessary to establish conviction and trigger for fresh upward move in the coming days having targets of 61300 and 62700 levels expected,” said PL Capital.
<h3><strong>Bank Nifty today:</strong></h3>
Bank Nifty was trading almost flat in the green in the afternoon. The index rose 0.03 percent to 59,318.25, as seen at 12.50 pm. <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a>, Kotak Mahindra Bank, Punjab National Bank (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">PNB</a>), HDFC Bank and State Bank of India (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>) shares were trading in the green with marginal gains.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/canarabank/CB06">Canara Bank</a>, AU Small Finance Bank, ICICI Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a>, IDFC First Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/bankbaroda/BOB">Bank of Baroda</a> and Federal Bank meanwhile were trading in the red with marginal losses.

Follow all <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">LIVE updates</a> from the stock markets here.

<em>(With inputs from Reuters)</em>

<em>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.</em>

Citi sees Indian banks to report modest Q3 profit growth; check key levels for Bank Nifty

Citi in its latest note has said that Indian banks are expected to report 5 percent year-on-year growth in net interest income and 4 percent upside in profit after tax in the December quarter.

It added that credit growth is likely to slow to 3–5 percent sequentially (QoQ), while net interest margins (NIMs) show divergent trends. Citi expects margins to expand for AU Small Finance Bank, HDFC Bank, Kotak Mahindra Bank, RBL Bank and SBM Bank.

However it sees margins to remain flat for ICICI Bank and IDFC First Bank, and dip slightly for Axis Bank and Yes Bank. Citi placed a 90-day positive catalyst watch on HDFC Bank and Kotak Mahindra Bank, while downgrading Federal Bank to &quot;neutral&quot; after a sharp rally.
Technical view on Bank Nifty:
Axis Securities remained mildly bullish on Bank Nifty, stating that the trend-deciding level for the day is 59,306. In case the index manages to trade above this level, it can rally up to 59,396-59,492-59,581 levels, the domestic brokerage said.

“However, if it trades below 59306 levels, we may witness profit booking in the market, and the index may correct up to 59210-59121-59024 levels,” it added.

“The index overall is having a consolidation period with the support maintained strong near the 58700 zone and on the upside a decisive breach above the 59800 level is necessary to establish conviction and trigger for fresh upward move in the coming days having targets of 61300 and 62700 levels expected,” said PL Capital.
Bank Nifty today:
Bank Nifty was trading almost flat in the green in the afternoon. The index rose 0.03 percent to 59,318.25, as seen at 12.50 pm. Axis Bank, Kotak Mahindra Bank, Punjab National Bank (PNB), HDFC Bank and State Bank of India (SBI) shares were trading in the green with marginal gains.

Canara Bank, AU Small Finance Bank, ICICI Bank, IndusInd Bank, IDFC First Bank, Bank of Baroda and Federal Bank meanwhile were trading in the red with marginal losses.

Follow all LIVE updates from the stock markets here.

(With inputs from Reuters)

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 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 settled 116.14 points or 0.14 percent lower at 85,408.70, while the broader Nifty declined to 26,139.70, down 37.45 points or 0.14 percent.

<span style="text-decoration: underline;"><strong>Key factors behind the market decline</strong></span>

<strong>1) FII selling: </strong>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.

<strong>2) Profit-booking in select sectors: </strong>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><strong><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></strong></h3>
<strong>3) Weakness in IT stocks: </strong>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"><strong>Coforge, Tech Mahindra, other IT shares fall up to 1% as US scraps H-1B lottery</strong></a></h3>
<h3><span style="text-decoration: underline;"><strong>Technical view</strong></span></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.

<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 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 settled 116.14 points or 0.14 percent lower at 85,408.70, while the broader Nifty declined to 26,139.70, down 37.45 points or 0.14 percent.

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><span style="text-decoration: underline;"><strong>Key factors behind market rise</strong></span></h3>
<strong>1) Positive global cues</strong>: 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.

<strong>2) Rupee rises:</strong> 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.

<strong>3) Value buying</strong>: 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><span style="text-decoration: underline;"><strong>Technical Analysis</strong></span></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."

<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 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.

<b>9</b> out of <b>16</b> years <b>NIFTY PSE</b> has given positive returns in <b>December</b>.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	9,803.42	9,868.78	9,954.77	9,717.43	9,652.07	9,566.08	9,500.72
Fibonacci	9,775.25	9,810.97	9,868.78	9,717.43	9,659.62	9,623.90	9,566.08
Camarilla	9,751.92	9,765.80	9,779.67	9,717.43	9,724.18	9,710.30	9,696.43

INDEX CONTRIBUTION - NIFTY PSE

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