Taking Stock: Market extends gains on 7th day; Nifty tops 23,800 but fails to hold early gains

Stock Market Today

The market failed to hold onto the opening gains but extended the winning streak for seventh straight session on March 25 as Nifty managed to close above 23,650.

On the back of positive global cues, the market opened on a solid note with Nifty above 23,700, and with extending buying it crossed 23,800 in the initial hours. However, mid-session profit booking erased most of the day's gains to end with little change.

At close, the Sensex was up 32.81 points or 0.04 percent at 78,017.19, and the Nifty was up 10.30 points or 0.04 percent at 23,668.65.

Also Read - S&P cuts India's FY26 GDP growth forecast to 6.5%

Except IT, all other sectoral indices ended in the red with auto, capital goods, consumer durables, metal, oil & gas, power, PSU bank, realty, telecom down 1-1.5 percent.

UltraTech Cement, Trent, Bajaj Finserv, Infosys, Grasim Industries were among major gainers on the Nifty, while losers were IndusInd Bank, Dr Reddy's Labs, Adani Enterprises, Coal India, Adani Ports.

BSE Midcap index shed 1 percent and Smallcap index was down 1.6 percent.

70 stocks touched 52-week high on the BSE, including SBI Cards, JSW Holdings, Shree Cements, JSW Steel, Bajaj Finance, TCPL Packaging, Kotak Mahindra Bank, Chambal Fertilisers, Jupiter Life Line Hospitals, among others. Click here to view more

Index	Prices	Change	Change%
Sensex	85,524.84	-42.64	-0.05%
Nifty 50	26,177.15	4.75	+0.02%
Nifty Bank	59,299.55	-4.45	-0.01%

Nifty 50 26,177.15 4.75 (0.02%)

Tue, Dec 23, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Coal India	400.40	14.15	+3.66%

Biggest Loser	Prices	Change	Change%
Infosys	1,668.30	-21.30	-1.26%

Best Sector	Prices	Change	Change%
Nifty Metal	10727.05	58.05	+0.54%

Worst Sector	Prices	Change	Change%
Nifty IT	39173.70	-314.30	-0.80%

Today, the benchmark indices witnessed some profit booking at higher levels. The Nifty ends 10 points higher, while the Sensex was up by 33 points. Among sectors, the IT index was the top gainer, gained nearly 1 percent, whereas profit booking was observed in the Defence and PSU Bank indices, both of which shed nearly 2 percent. Technically, after an early morning intraday rally, the market witnessed profit booking at higher levels. On the daily charts, a shooting star kind of formation has formed, indicating potential weakness from the current levels.

We are of the view that after a promising uptrend rally, the market is currently experiencing some profit booking at higher levels. However, the short-term texture of the market remains positive. For day traders, 23,600/77700 would be the key support zone. Above this level, the market could retest the range of 23,850/78300 to 23,900/78500. On the flip side, a dismissal of 23,600/77700 could alter market sentiment. Below this level, the market could slip to 23,500 to 23,450/77300-77200.

After a strong start, the Index attempted to break its previous swing high of 23,800 but faced a reversal. Profit-taking across the board weighed on the Index, causing it to settle the day with marginal gains of 10.30 points at 23,668.65. Excluding IT, all the other sectors ended in the red, with PSU Banking and Media being the worst performers. The broader market underperformed the Frontline Index, as both Mid and Smallcaps saw a correction of 1.06% & 1.56% respectively.

With a possible hidden bearish divergence, the Index has formed a bearish candlestick pattern near its previous high, signaling a potential trend reversal. The 23,800 level remains a key resistance point, while support is found at 23,400.

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