Taking Stock: Sensex, Nifty fall for sixth day in a row; mid, small-caps crack further

Market Today

In yet another highly volatile session, the Indian benchmark indices ended lower and extended the losing streak for the sixth consecutive session on October 7 amid selling across the sectors, barring information technology names. Worries over the escalation of the conflict in the Middle East weighed on investor sentiment.

At close, the Sensex was down 638.45 points or 0.78 percent at 81,050, and the Nifty was down 218.80 points or 0.87 percent at 24,795.80.

Amid positive global cues, the market opened higher but erased all the gains in the initial hours and gyrated between gains and losses throughout the session to end near day's low.

In today's fall, investors' wealth declined by around Rs 8.99 lakh crore, as the market capitalisation of BSE-listed companies slipped to Rs 452.27 lakh crore, from Rs 461.26 lakh crore in the previous session.

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Biggest Nifty losers included NTPC, Adani Ports, Adani Enterprises, SBI, Coal India, while gainers were ITC, Bharti Airtel, Trent, M&M and Infosys.

Except IT index (up 0.6 percent), all other sectoral indices ended in the red with PSU bank, healthcare, capital goods, realty, metal, power, oil & gas, media and telecom down 1-3 percent.

BSE Midcap index was down 2 percent and Smallcap index was down over 3 percent.

Index	Prices	Change	Change%
Sensex	85,567.48	638.12	+0.75%
Nifty 50	26,172.40	206.00	+0.79%
Nifty Bank	59,304.00	234.80	+0.40%

Nifty 50 26,172.40 206.00 (0.79%)

Mon, Dec 22, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Shriram Finance	934.85	33.15	+3.68%

Biggest Loser	Prices	Change	Change%
SBI	974.30	-6.00	-0.61%

Best Sector	Prices	Change	Change%
Nifty IT	39488.00	796.40	+2.06%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8376.45	19.15	+0.23%

More than 160 stocks touched their 52-high on the BSE, including, Coforge, eClerx Services, BASF, Dr Lal PathLab, V-Mart Retail, Strides Pharma, HeidelbergCement India, Vijaya Diagnostic Centre, CMS Info Systems, Va Tech Wabag among others. Click To View More

On the other hand, 130 stocks touched their 52-week low including Vodafone Idea, Zee Entertainment Enterprises, IDFC First Bank, RBL Bank, Gujarat Ambuja Exports, Easy Trip Planners, among others.

It was a roller coaster ride as after a steady opening, the Index soared higher but relentless selling continued in the Mid and Smallcap segments and eventually, Nifty50 lost the psychological support of 25,000. In the last session, a steep recovery was seen in the Banking counters but rapidly it fizzled out and dragged the Index lower to end the session at 24,795.75 with a loss of 218.85 points.

Barring IT, all the other sectors ended the day in red with Media and PSU Banks being the major laggards. Underperformance was extended by the Broader markets as Mid and Smallcaps fell by 2.01% & 2.75% respectively.

In the series of bearish candles, Nifty50 added one more red candle to the daily chart and formed a Three Black Crows pattern. Only in the case of a strong sustainable move above 25,000, trend reversal be confirmed till then markets are likely to remain in the grip of bears with the next support being placed at 24,400.

The Nifty slipped further due to ongoing geopolitical concerns, with sentiment worsening as the index fell below the 55 EMA, indicating a bearish trend. A bearish crossover in the RSI is adding to the downward price momentum.

In the short term, the trend may remain volatile, with a predominantly bearish outlook. Overall, the market appears to be "sell on rise" as long as it stays below 25,000. On the downside, support levels are positioned at 25,700, 25,590, and 25,400.

Today, the benchmark indices continued weak momentum, the Nifty shed 218 points while the Sensex was down by 640 points. Among Sectors, except IT all the major sectoral indices registered selling pressure at higher levels but Media index lost the most shed over 3.70 percent. Technically, after a long-time market slipped below 50-day SMA (Simple Moving Average). It also formed bearish candle on daily charts and holding lower top formation on intraday charts, which is largely negative.

We are of the view that, the larger market texture is weak but due to temporary oversold conditions, we could see non-directional activity in the near future.

For the day traders now, 24700/80700 and 24650/80500 would be the key support zone while 25000/81800 and 50-day SMA or 25050/82000 could be the key resistance areas for the bulls. Short-term traders should remain cautious and be very selective as there is a risk to get trapped at lower levels.

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