Taking Stock: Sensex slips 346 pts, Nifty below 25,950; auto, IT, realty drag

Market Today

The Indian benchmark indices started the week on a negative note, extending the fall on third consecutive session on December 29 amid broad-based selling due to persistent foreign fund outflows, and geopolitical developments.

At close, the Sensex was down 345.91 points or 0.41 percent at 84,695.54, and the Nifty was down 100.2 points or 0.38 percent at 25,942.10.

The indices opened higher, but quickly lost momentum, trading in the negative zone for most of the session, with the Nifty dropping to a low of 25,920.30, closing near day's low.

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Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement, Adani Ports were among major gainers on the Nifty, while losers were Interglobe Aviation, Wipro, Dr Reddy's Labs, Sun Pharma, Tata Motors Passenger Vehicles.

BSE Midcap index shed 0.4 percent and smallcap index down 0.5%.

Tata Steel, Tata Consumer, Asian Paints, Grasim Industries, Nestle India were among major gainers on the Nifty, while losers were HCL Technologies, Adani Ports, Power Grid Corp, Trent, Max Healthcare.

Among sectors, except media, all other indices ended lower with auto, IT, pharma, realty, power down between 0.4-0.9 percent.

Index	Prices	Change	Change%
Sensex	85,762.01	573.41	+0.67%
Nifty 50	26,328.55	182.00	+0.70%
Nifty Bank	60,150.95	439.40	+0.74%

Nifty 50 26,328.55 182.00 (0.70%)

Fri, Jan 02, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Coal India	427.90	27.45	+6.85%

Biggest Loser	Prices	Change	Change%
ITC	350.05	-13.80	-3.79%

Best Sector	Prices	Change	Change%
Nifty Energy	36275.65	768.00	+2.16%

Worst Sector	Prices	Change	Change%
Nifty FMCG	53078.80	-639.70	-1.19%

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In stock-specific action, BirlaNu share price jumped 9% on 29.28 lakh shares change hands, SEPC shares added nearly 4% on winning order worth Rs 230 crore from MOIL, Timex Group India shares shed 6.6% as Promoter to sells 8.93% stake, Vikran Engineering share price added 2% on LOAs from MP Urja Vikas Nigam, Solarworld Energy Solutions shares added 5% on receiving LoA of Rs 725 crore

Also Read - Gold, silver, copper prices decline up to 13% after record rally: 4 key reasons behind fall in commodity prices

More than 100 stocks hit 52-week high, including Hindustan Copper, Hindustan Zinc, Vedanta, City Union Bank, MCX India, Titan Company, NALCO, NMDC, Hindalco Industries, Eicher Motors, Craftsman, among others. Click to View More

On the other hand, more than 180 stocks touched their 52-week low, including Dixon Technologies, PCBL Chemicals, Clean Science, ACC, Happiest Minds, Colgate Palmolive, Poly Medicure, Vedant Fashions, among others. Click to View More

Outlook for December 30

Shrikant Chouhan, Head – Equity Research, Kotak Securities

The benchmark indices continued profit booking at higher levels. The Nifty ended 100 points lower, while the Sensex was down by 345 points. Among sectors, the Media Index gained 0.75 percent, whereas the Consumer Index lost the most, shedding  nearly 1 percent.

Technically, after a muted open, the market slipped below the 26,000/85,000 mark, and post-breakdown, intraday selling pressure increased. A bearish candle on daily charts and a lower top formation on intraday charts indicate further weakness from the current levels.

We believe that 26,000/85,000 or the 20-day SMA will be the key resistance zone for day traders. As long as the market trades below this level, weak sentiment is likely to continue. On the downside, it could slip to 25,850–25,800 / 84,400–84,200. On the flip side, above 26,000/85,000, the market could bounce back up to 26,100/85,300. Further upside may also continue, which could lift the index to 26,150/85,500.

Ajit Mishra – SVP, Research, Religare Broking

Markets edged lower and slipped nearly 0.4%, extending Friday’s decline. After a subdued start, the Nifty gradually drifted lower through the session and finally settled near the day’s low at 25,942.10. Sectoral performance largely mirrored the benchmark, with most indices closing in the red. IT, realty and auto were among the top laggards, while the broader markets also came under pressure, declining in the range of 0.6% to 0.8%.

Market sentiment continues to be guided by global cues and stock-specific developments. Trading volumes remained light, with participants preferring selective exposure rather than broad-based positions in the absence of any major triggers.

We continue to maintain our consolidation view on the index, though the scheduled monthly expiry could lead to some intraday volatility. Despite this, trading opportunities remain available across sectors. Participants are advised to stay selective, align trades with sectors showing relatively higher strength and keep position sizes in check until a clearer trend emerges.

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