Taking Stock: Nifty below 24,700, Sensex down 385 pts; media, realty stocks outperform to restrict further fall

Market Today

The Indian benchmark indices ignored fall in WPI and erased some of the previous session gains to end lower on December 16 with Nifty below 24,700 amid selling seen in the IT, metal, oil & gas and FMCG names, while buying in realty, PSU bank, media restricted further fall.

At close, the Sensex was down 384.55 points or 0.47 percent at 81,748.57, and the Nifty was down 100.05 points or 0.40 percent at 24,668.25.

Amid muted global cues, the Indian market opened flat with negative bias and extended the losses as the day progressed, with investors staying cautious ahead of Fed and other key central banks rate announcements in this week.

Read More - Wholesale inflation eases to 1.9% in Nov as food prices cool off

Titan Company, TCS, Hindalco Industries, Adani Ports and BPCL were among the top losers on the Nifty, while gainers included Dr Reddy's Labs, IndusInd Bank, Bajaj Finance, Power Grid and HDFC Life.

The broader indices outperformed with BSE Midcap and smallcap indices were up 0.5 percent each.

Among sectors, realty index was up 3 percent, media index rose 1.5 percent and PSU Bank index gained 0.5 percent, while IT, metal, oil & gas shed 0.5-1 percent.

More than 300 stocks touched their 52-week high on the BSE, including, Oberoi Realty, Kaynes Technologies, Dixon Technologies, 360 One wam, Affle India, Lloyds Metals, Paytm, Indian Hotels, Info Edge, HBL Power, KPR Mills, Page Industries, Ramco Cements, LTIMindtree, Persistent Systems, BLS Internation, CRISIL, Coforge, Swan Energy, HCL Technologies, among others. Click To View More

Index	Prices	Change	Change%
Sensex	85,706.67	-13.71	-0.02%
Nifty 50	26,202.95	-12.60	-0.05%
Nifty Bank	59,752.70	15.40	+0.03%

Nifty 50 26,202.95 -12.60 (-0.05%)

Fri, Nov 28, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
M&M	3,757.30	76.10	+2.07%

Biggest Loser	Prices	Change	Change%
SBI Life Insura	1,966.00	-38.50	-1.92%

Best Sector	Prices	Change	Change%
Nifty Auto	27774.60	170.90	+0.62%

Worst Sector	Prices	Change	Change%
Nifty Energy	35548.30	-207.90	-0.58%

Outlook for December 17

Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan

Nifty opened on a flat note and thereafter traded with negative bias during the day to close in the red down ~100 points. On the daily charts we can observe that after the sharp upmove in the previous session, the Nifty consolidated within a narrow range, we believe that this is a brief pause in the overall uptrend.

On the upside the short-term target is placed at 25125 while crucial support is placed at 24550 – 24500. Dips towards the support zone should be considered as a buying opportunity.

Aditya Gaggar Director of Progressive Shares

Indian equities commenced the week on a subdued note and correction in the select heavyweights dragged the Index lower; however, some recovery was observed from the lower levels which helped the Index to settle the trade at 24,668.25 with a loss of 100.05 points. Among the sectors, Realty was the top gainer by advancing over 3% followed by Media whereas Metal was the major underperformer while the IT sector witnessed a round of profit booking after a stellar rally.

The interest of market participants remained in the Broader markets as Mid and Smallcaps soared over 0.60% and outperformed the Benchmark Index. The trading range of the Index is widened to 300 points i.e. 24,500-24,800 and for a directional trend breakout on either sides is necessary.

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