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Informist, Tuesday, Dec. 23, 2025

 

By Arya S. Biju

 

MUMBAI – The benchmark equity indices closed flat Tuesday after gaining more than 1% in the previous two sessions. The indices were weighed down by weakness in information technology stocks. After opening slightly higher, both benchmarks swung between gains and losses for the better part of the session as traders sold call as well as put options in the derivatives chain of the Nifty 50 expiring Tuesday, analysts said.

 

Market participants wrote call options at 26200-26250 strikes and puts at 26200 and 26150 strikes, resulting in sideways movement of the indices, Vipin Kumaar, derivatives and technical analyst at Globe Capital Market, said. During the session, the 50-stock index faced resistance near 26250 points. The Nifty 50 settled at 26177.15, up just 4.75 points. The BSE Sensex closed at 85524.84, down 42.64 points.

 

The indices underperformed most of their Asian and US peers, which rose as the rebound in artificial intelligence-related stocks continued. Overnight, the S&P 500, Dow Jones Industrial Average, and the tech-heavy NASDAQ Composite closed 0.5-0.6% higher, extending gains for the third day. Most Asian indices closed largely flat to 1.1% higher, tracking overnight gains on Wall Street.

 

Tuesday, the rupee closed flat against the dollar as the impact of dollar purchases by importers was offset by the US currency, dealers at the foreign exchange market said. After falling to a low of 89.8500 a dollar, the rupee recovered to close at 89.6500 a dollar. "Despite this temporary stability, the combination of surging forward premiums, rising bond yields, and thinning liquidity points towards a volatile path ahead," Dilip Parmar, senior research analyst at HDFC Securities, said in a note.

 

Monday, foreign investors turned net sellers again, after having been net buyers of Indian equities for the previous three sessions. They sold stocks worth a net INR 4.57 billion. So far this month, foreign investors have sold equities worth over INR 120 billion net. Meanwhile, domestic investors continued to be net buyers, buying stocks worth INR 40.58 billion Monday.

 

In the broader market, small-cap indices continued to outperform their mid-cap and benchmark peers Tuesday. The Nifty Smallcap 50, Nifty Smallcap 100, and Nifty Smallcap 250 closed 0.2-0.4% higher. The mid-cap indices were largely flat like the benchmarks. The sectoral indices were mixed with the Nifty Media, Nifty Metal, and Nifty Energy rising 0.5-0.8% while the Nifty PSU Bank and Nifty IT were the worst hit, down 0.3-0.8%.

 

Most IT stocks were under selling pressure on likely profit taking after their recent gains. The Nifty IT index closed 0.8% lower at 39173.70 points. It had risen around 4% in the previous four sessions. Barring Mphasis, HCL Technologies, and LTIMindtree, all constituents of the sectoral index closed in the red. On a monthly basis, the index is up for the third straight month in December, gaining over 16% in this period. However, it has fallen around 10% so far this year, compared to a rise of nearly 11% and 10%, respectively, in the Nifty 50 and Sensex. IT stocks were expected to have stabilised after the steep correction they saw this year. Going forward, analysts do not expect any further deterioration in earnings of domestic IT companies despite US tariff pressures, given the stable demand environment.

 

On the other hand, most media stocks rose, lifting the Nifty Media up for the third successive session. The sectoral index has gained 1.5% in this period. The Nifty Metal closed 0.5% higher, supported by broad-based buying across ferrous and non-ferrous stocks. The metal index rose for the fifth consecutive session, gaining 2.5%. Shares of most railway-related stocks were also up Tuesday, extending gains for the second session after Indian Railways Sunday announced a new fare structure effective Friday.

 

Shares of KSH International closed around 8% lower on its debut on the stock market. The stock was listed on the National Stock Exchange at INR 370, a discount of 3.6% to the issue price of INR 384 per share.

 

* Of the Nifty 50 stocks, 26 rose and 24 fell

* Of the Sensex stocks, 13 rose and 17 fell

* On the NSE, 1,835 stocks rose, 1,321 fell, and 108 were unchanged

* On the BSE, 2,292 stocks rose, 1,892 fell, and 181 were unchanged

* Nifty IT: up 2.1; Nifty Metal: up 1.4%; Nifty Consumer Durablers: up 0.2%

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BSE                                                NSE

Sensex: 85524.84, down 42.64 points or 0.05%       Nifty 50: 26177.15, up 4.75 points or 0.02%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26325.80 (Dec. 1, 2025)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

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End

 

Edited by Rajeev Pai

 

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