Taking Stock: Bears back in action; Nifty breaks 24,400 first time since May 7

Market Today

Bears came back strongly on August 8 dragging Nifty below 24,400 for the first time since May 7, 2025, amid selling across the sectors and rising concern over fresh tariff from US.

At close, the Sensex was down 765.47 points or 0.95 percent at 79,857.79, and the Nifty was down 232.85 points or 0.95 percent at 24,363.30. BSE Midcap index fell 1.5 percent and smallcap index shed 1 percent.

For the week BSE Sensex and Nifty down nearly a percent each. Both indices were down for 6th week in a row, a longest losing streak in 5 years.

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Biggest Nifty losers included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, M&M, while gainers were Titan Company, NTPC, Dr Reddy's Labs, HDFC Life, Bajaj Finserv.

All the sectoral indices ended in the red with metal, realty, pharma, auto, private bank, consumer durables down 1-2 percent.

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In stock-specific action, Schneider Electric Infrastructure shares shed 5 percent as Q1 profit down 15%, KRBL share price jumped 15 percent on strong Q1 numbers, LIC shares jump 3% after Q1 net profit jumps 5%, Ramco Cements shares shed 6 percent despite profit up 131%, Kalyan Jewellers shares plunged 10 percent despite better Q1 earnings, Cummins India shares rose 3 percent after Q1 standalone profit rises 40%, General Insurance Corporation of India share price added 4 percent after Q1 profit jumps 80%.

Index	Prices	Change	Change%
Sensex	84,481.81	-77.84	-0.09%
Nifty 50	25,815.55	0.00	+0.00%
Nifty Bank	58,912.85	0.00	+0.00%

Nifty 50 25,815.55 0.00 (0.00%)

Fri, Dec 19, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Interglobe Avi	5,115.50	135.00	+2.71%

Biggest Loser	Prices	Change	Change%
Sun Pharma	1,745.90	-47.00	-2.62%

Best Sector	Prices	Change	Change%
Nifty IT	38633.35	461.30	+1.21%

Worst Sector	Prices	Change	Change%
Nifty Energy	34464.30	-272.70	-0.79%

NDSL share price extended the gains on third day with 15% gain, Biocon share price shed 6 percent as profit down 95%, Mukand shares added 11 percent on strong numbers, Subros share price down 7 percent as Q1 net profit increases 16.6%, Gujarat State Fertilizers added 7 percent as consolidated profit jumps 58%, Global Health shares hit 52-week high as Q1 consolidated profit jumps 49%, ESAF Small Finance Bank shares down 3 percent as Q1 net loss stands at Rs 81.2 crore.

Nearly 120 stocks touched their 52-week highs on the BSE, including Global Health, Sai Life Sciences, JK Cement, Nuvoco Vistas, Delhivery, Star Cement, TVS Motor, among others. Click to View More

The Nifty moved southward as it failed to sustain above the 50 EMA on the hourly chart, indicating prevailing selling pressure. Moreover, the index closed below the crucial support level of 24,400, highlighting the strength of the bears.

Sentiment was already tilted in favour of the bears, with the index forming a lower-top, lower-bottom pattern. The short-term trend remains weak, with potential downside towards 24,150–24,200. On the higher side, resistance is seen at 24,475–24,500.

After witnessing a sustainable bounce back from the lows on Thursday, Nifty witnessed sharp selloff on Friday and closed the day lower by 232 points. Nifty opened on a downside gap of 52 points and started to show further weakness soon after the opening.

A long bear candle was formed on the daily chart that completely negated the bullish sentiment created on Thursday. A long negative candle has been formed on the weekly chart which is for the sixth consecutive weeks on the trot. The formation of long upper shadows in the last 4-5 weekly candles signal sell on every rise in the market.

The underlying trend of Nifty continues to be weak. The next lower levels to be watched around 24200-24000 by next week. However, any pullback up to the hurdle of 24500 could be a sell on rise opportunity.

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