More Stories

Informist, Wednesday, Dec. 24, 2025

By Simran Rede

MUMBAI – Traders added short bets to the derivatives chain of the Nifty 50 Wednesday as the index erased gains made earlier in the day and closed lower, snapping a three-session rise. Derivatives analysts expect the index to remain in a consolidation phase Friday, given that the week is interrupted by Thursday's Christmas holiday.

Trading volumes were subdued Wednesday and are expected to be modest Friday, too. "Historically... when there is a long weekend, the volume suddenly drops...," said Sundar Kewat, technical and derivatives analyst at Ashika Group. "So, there could be some uncertain movement in the market. But I am expecting a low volatile market on Friday." The India VIX, the fear gauge of Dalal Street, closed 2% lower at 9.1900.

The index moved in a thin range owing to the lack of participation in the market, Kewat said. This was followed by some profit-taking at higher levels, which led the market to end in negative territory, he said. The 50-stock index closed 0.1% lower at 26142.10 points, down 35.05 points. Analysts pegged the immediate resistance for the Nifty 50 at 26200–26300 points and near-term support at 26100-26050 points. If the index breaks any of these levels, it may face further resistance at 26350–26400 levels and find support at 26000 points.

Premiums on out-of-the-money call contracts of the Nifty 50 at strike prices between 26150 and 26500 points declined 34-69% and those on put contracts at 26100-25800 strikes fell 17-54%. The 26200 call strike saw the highest concentration and maximum addition of open interest, while on the puts side, the 26000 strike contract saw the same.

Traders added short positions to the January futures series of the Nifty 50 and unwound long positions in the December contract which closed 0.2% lower at 26164.10 points with open interest falling nearly 8% to 12.57 million. The January contract closed 0.2% lower at 26345.00 points with open interest rising more than 31% to 3.23 million.

--Nifty 50 December closed at 26164.10, down 42.80 points; 22.00-point premium to the spot index
--Nifty 50 January closed at 26345.00, down 47.80 points; 202.90-point premium to the spot index
--Nifty 50 February closed at 26494.80, down 41.50  points; 352.70-point premium to the spot index

HDFC Bank, Reliance Industries, Bajaj Finance, Infosys, Tata Consultancy Services, ICICI Bank, Bharti Airtel, Hindalco Industries, Kotak Mahindra Bank, Shriram Finance, Mahindra & Mahindra, Vedanta, Vodafone Idea, Eternal, Dixon Technologies (India), Indus Towers, InterGlobe Aviation, and ITC were the most actively traded underlying stocks Wednesday.  End

Edited by Rajeev Pai

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.