Taking Stock: Nifty crosses 21,800 on final expiry of 2023; Sensex jumps 372 pts

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Bulls tightened their grip on the market on the final expiry of the calendar year 2023, as benchmark indices touched fresh record highs and also finished higher for the fifth consecutive session on December 28 amid buying across sectors and positive global cues.

At close, the Sensex was up 371.95 points or 0.52 percent at 72,410.38, and the Nifty was up 123.90 points or 0.57 percent at 21,778.70.

The market opened with record high levels and extended the gains as the day progressed. However, amid volatility, the BSE Sensex and Nifty50 touched fresh record levels of 72,484.34 and 21,801.45, respectively.

Bank Nifty index touched a fresh record high of 48,636.45.

Also Read: Markets set for 8th straight year-end in green, outlook positive for 2024

Stocks and sectors

Top gainers on the Nifty were Coal India, NTPC, M&M, Dr Reddy's Laboratories and Hero MotoCorp, while losers included Adani Enterprises, Eicher Motors, LTIMindtree, L&T and Adani Ports.

Except, Information Technology, all other sectoral indices ended in the green with FMCG, realty, oil & gas, power and metal indices up 1-2 percent.

Index	Prices	Change	Change%
Sensex	84,778.84	566.96	+0.67%
Nifty 50	25,966.05	170.90	+0.66%
Nifty Bank	58,114.25	414.65	+0.72%

Nifty 50 25,966.05 170.90 (0.66%)

Mon, Oct 27, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
SBI Life Insura	1,903.10	63.30	+3.44%

Biggest Loser	Prices	Change	Change%
Kotak Mahindra	2,148.60	-38.40	-1.76%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	7990.65	173.25	+2.22%

Worst Sector	Prices	Change	Change%
Nifty Pharma	22310.40	-46.90	-0.21%

BSE Midcap index was up 0.66 percent and smallcap index rose 0.2 percent.

The market Capitalization of the BSE listed companies surged to record level of Rs 363 lakh crore.

A long build-up was seen in Hindustan Copper, HPCL, NALCO, while a short build-up was seen in Delta Corp, Birlasoft and Cummins India.

Among individual stocks, a volume spike of more than 800 percent was seen in Hindustan Copper, Delta Corp and Balrampur Chini Mills.

BHEL, Dishman Carboge, Engineers India, Gillette India, Greenpanel Industries, GSFC, Hindustan Copper, HPCL, HUDCO, KEI Industries, Mangalam Cement, NALCO, SAIL and Sandur Manganes touched their 52-week high on the BSE. Click here for the full list

Outlook for December 29

Prashanth Tapse, Senior VP (Research), Mehta Equities:

Markets witnessed bullish bets on the monthly F&O expiry day, indicating that the risk-on sentiment is likely to continue going ahead on hopes of a strong local macro play in the new year. The waning higher inflation concerns and expectations of an early rate cut in the world's largest economy has further strengthened hopes that India's growth momentum would continue further thus boosting investors' confidence.

However, amidst overbought technical conditions, key indices may consolidate in the near term but, that said, the medium-term outlook continues to be in favor of the bulls but only on any steep corrective declines. Technically, Nifty has key support at 21659-21501 and faces resistance at 22000-22251 levels.

Rupak De, Senior Technical Analyst at LKP Securities:

The Nifty remained firmly in bullish territory as the index surged to a new all-time high. Strong put writing at the 21700 strike bolstered the bulls, propelling the index toward 21800. Short-term support is situated at 21700, signaling a continued bullish sentiment. A decisive move above 21800 could lead the index toward the 22000 mark.

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