{"id":9720,"date":"2025-12-24T12:20:51","date_gmt":"2025-12-24T12:20:51","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=9720"},"modified":"2025-12-24T12:23:24","modified_gmt":"2025-12-24T12:23:24","slug":"indian-market-outlook-24-december-2025","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/indian-market-outlook-24-december-2025\/","title":{"rendered":"Indian Market Outlook (24 December\u00a02025)"},"content":{"rendered":"\n
\"nifty<\/figure>\n\n\n\n

Top Indices<\/h2>\n\n\n\n

The Indian benchmarks closed lower on Christmas Eve, dragged by losses in oil & gas, pharma and IT stocks, while metal-related shares offered some support. Trading volume was thin ahead of the holiday and foreign selling continued. Key index levels are summarised below:<\/p>\n\n\n\n

Index<\/th>Close<\/th>Day\u2019s change<\/th>Observations<\/th><\/tr><\/thead>
Sensex (BSE 30)<\/strong><\/td>85\u202f408.70<\/strong><\/td>\u20130.14 %<\/strong><\/td>Dropped after failing to hold the 26\u202f180\u00a0resistance zone; selling in heavyweights like Reliance, Sun\u00a0Pharma and Tata\u00a0Motors offset gains from Trent and UltraTech Cement.<\/td><\/tr>
Nifty 50<\/strong><\/td>26\u202f142.10<\/strong><\/td>\u20130.13 %<\/strong><\/td>The index oscillated between 26\u202f123 and 26\u202f236 before closing near the day\u2019s low. It remains range\u2011bound with repeated rejection near 26\u202f200 and support around 26\u202f100.<\/td><\/tr>
Nifty Bank<\/strong><\/td>~59\u202f183<\/strong> (approx.)<\/td>~\u20130.2 %<\/strong><\/td>Financials traded mixed; private lenders were slightly firm but PSU banks eased marginally.<\/td><\/tr>
Nifty Midcap 100<\/strong><\/td>60\u202f451.35<\/strong><\/td>\u20130.60 %<\/strong><\/td>Mid\u2011caps underperformed due to profit\u2011taking in select NBFCs and pharmaceuticals.<\/td><\/tr>
Nifty Smallcap 100<\/strong><\/td>17\u202f708.60<\/strong><\/td>+0.28 %<\/strong><\/td>Small\u2011caps gained as investors rotated into niche sectors, especially chemicals and metals.<\/td><\/tr>
BSE Mid Cap<\/strong><\/td>+0.14 %<\/strong><\/td>** **<\/td>Broad gauge; minor gains thanks to stock\u2011specific buying.<\/td><\/tr>
BSE Small Cap<\/strong><\/td>+0.07 %<\/strong><\/td>** **<\/td>Slight uptick as risk appetite returned to some beaten\u2011down counters.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Sectoral Performance<\/h2>\n\n\n\n

The overall market breadth was soft; 27 sectors advanced while 11 declined. Metals and media were the only bright spots, while oil & gas, IT and pharma led declines. The key performers:<\/p>\n\n\n\n

Sector (Nifty\/Theme)<\/th>Change<\/th>Notes<\/th><\/tr><\/thead>
Metal<\/strong><\/td>+0.85 %<\/strong><\/td>Benefited from a surge in global metal prices and strength in companies like Hindustan\u00a0Copper, GMDC, Vedanta and Nalco.<\/td><\/tr>
Media<\/strong><\/td>+0.44 %<\/strong><\/td>Outperformed due to bargain hunting and positive sentiment in broadcasting stocks.<\/td><\/tr>
Realty<\/strong><\/td>+0.17 %<\/strong><\/td>Mild gains as interest\u2011rate stability supported property plays.<\/td><\/tr>
Oil & Gas<\/strong><\/td>\u20130.76 %<\/strong><\/td>Crude weakness and profit\u2011taking hurt refiners and exploration companies.<\/td><\/tr>
IT<\/strong><\/td>\u20130.51 %<\/strong><\/td>Dropped after the US Department of Homeland Security announced H\u20111B visa selection would favour higher\u2011skilled workers; this hurt exporters like Wipro and Tech\u00a0Mahindra.<\/td><\/tr>
Pharma<\/strong><\/td>\u20130.51 %<\/strong><\/td>Weakness from Sun\u00a0Pharma and Dr\u00a0Reddy\u2019s offset resilience in select generics.<\/td><\/tr>
Consumer Durables<\/strong><\/td>\u20130.48 %<\/strong><\/td>Profit\u2011taking in discretionary names like Titan and Asian Paints caused a pull\u2011back.<\/td><\/tr>
PSU Bank<\/strong><\/td>\u20130.05 %<\/strong><\/td>Marginal decline as investors locked in gains following recent rallies.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Market breadth & statistics<\/strong> \u2013 On the NSE, 1\u202f361 stocks advanced and 1\u202f770 declined (advance\u2013decline ratio of ~0.77); 90 stocks hit 52\u2011week highs and 60 made new lows; 79 hit upper circuits, while 46 hit lower circuits. The market capitalisation of NSE\u2011listed companies stood at \u20b9472.64\u00a0lakh\u00a0crore and the India\u00a0VIX volatility index fell almost 2\u00a0% to 9.19.<\/p>\n\n\n\n

Top Gainers and Losers<\/h2>\n\n\n\n

Nifty 50 Gainers and Losers<\/h3>\n\n\n\n
Top Gainers<\/strong><\/th>% Change<\/strong><\/th>Reason<\/strong><\/th><\/tr><\/thead>
Trent<\/strong><\/td>\u2248+2.4 %<\/strong><\/td>Retail major extended its uptrend after positive festive\u2011season sales.<\/td><\/tr>
Shriram Finance<\/strong><\/td>\u2248+1.7 %<\/strong><\/td>Rise driven by expectations of strong quarterly results and stable asset quality.<\/td><\/tr>
Apollo Hospitals<\/strong><\/td>\u2248+1.4 %<\/strong><\/td>Healthcare stocks gained amid hopes of improving margins.<\/td><\/tr>
Bajaj Auto<\/strong><\/td>\u2248+0.8 %<\/strong><\/td>Auto sector optimism on robust festive demand and declining input costs.<\/td><\/tr>
UltraTech Cement<\/strong><\/td>\u2248+0.8 %<\/strong><\/td>Cement prices held firm; investors expected strong construction demand.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Top Losers<\/strong><\/th>% Change<\/strong><\/th>Reason<\/strong><\/th><\/tr><\/thead>
InterGlobe Aviation (IndiGo)<\/strong><\/td>\u2248\u20131.6 %<\/strong><\/td>Profit\u2011taking after run\u2011up; aviation sentiment cautious on fuel prices.<\/td><\/tr>
Dr Reddy\u2019s Laboratories<\/strong><\/td>\u2248\u20131.3 %<\/strong><\/td>Weak Q3 margin outlook and some profit\u2011booking.<\/td><\/tr>
Adani Enterprises<\/strong><\/td>\u2248\u20131.2 %<\/strong><\/td>Investor caution amid regulatory scrutiny.<\/td><\/tr>
Wipro<\/strong><\/td>\u2248\u20131.2 %<\/strong><\/td>Fall due to H\u20111B visa changes affecting outsourcing prospects.<\/td><\/tr>
HDFC Life Insurance<\/strong><\/td>\u2248\u20131.1 %<\/strong><\/td>Declined after rising bond yields dented insurance valuations.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Broader Market Gainers and Losers<\/h3>\n\n\n\n
Category<\/th>Gainers (approx. % gain)<\/strong><\/th>Losers (approx. % loss)<\/strong><\/th>Notes<\/th><\/tr><\/thead>
BSE 500<\/strong><\/td>JBM Auto (+9 %)<\/strong>, Castrol India (+7.6 %)<\/strong>, Manappuram Finance (+6.3 %)<\/strong><\/td>Kajaria Ceramics (\u20133.5 %)<\/strong>, OneSource Specialty Chemicals (\u20132.6 %)<\/strong>, Kirloskar Oil (\u20132.3 %)<\/strong><\/td>Momentum buying in auto ancillaries and lubricants; ceramics fell on fraud concerns.<\/td><\/tr>
Large Caps<\/strong><\/td>Indus Towers (+3.1 %)<\/strong><\/td>Dr Reddy\u2019s Laboratories (\u20131.36 %)<\/strong><\/td>Tower operator gained on tenancy growth; pharma stock slipped on margin concerns.<\/td><\/tr>
Mid\u2011Caps<\/strong><\/td>Castrol India (+7.58 %)<\/strong>, Bandhan Bank (-1.61)<\/strong><\/td>Bandhan Bank (\u20131.61 %)<\/strong><\/td>Lubricant maker rallied after BP planned to sell a majority stake to Stonepeak; bank underperformed on asset\u2011quality worries.<\/td><\/tr>
Small Caps<\/strong><\/td>VIP Industries (+13.5 %)<\/strong><\/td>Nectar Lifesciences (\u20134.98 %)<\/strong><\/td>Luggage maker surged on strong demand; biotech firm fell on profit\u2011taking.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

What Moved the Market<\/h2>\n\n\n\n
    \n
  1. Foreign fund outflows and liquidity drain<\/strong> \u2013 Foreign institutional investors sold around \u20b91\u202f795\u00a0crore of equities on Tuesday while domestic institutions absorbed the supply by buying over \u20b93\u202f812\u00a0crore. Multiple recent IPOs have also absorbed liquidity, causing thin volumes and profit\u2011taking.<\/li>\n\n\n\n
  2. Rupee weakness and bond\u2011market dynamics<\/strong> \u2013 The rupee briefly weakened before the RBI\u2019s liquidity measures (open\u2011market operations and USD\/INR swap) stabilised it; bond yields remained range\u2011bound, but currency weakness weighed on foreign flows.<\/li>\n\n\n\n
  3. US H\u20111B visa policy<\/strong> \u2013 The U.S. Department of Homeland Security announced it will prioritize higher\u2011skilled, higher\u2011paid applicants for H\u20111B visas. This triggered selling in Indian IT majors like Wipro and Tech\u00a0Mahindra because the policy could limit worker deployment.<\/li>\n\n\n\n
  4. Commodity rally<\/strong> \u2013 Metals and mining shares rose on a global surge in gold, silver and industrial metals prices; expectations of Chinese stimulus and stable commodity markets buoyed Hindustan\u00a0Copper, GMDC, Vedanta and Nalco.<\/li>\n\n\n\n
  5. Thin holiday trading<\/strong> \u2013 Participation was low ahead of the Christmas holiday (markets were closed on 25\u00a0December), leading to higher intraday volatility and stock\u2011specific moves.<\/li>\n<\/ol>\n\n\n\n

    Global Cues<\/h2>\n\n\n\n
      \n
    • Asian markets<\/strong> \u2013 Japanese Nikkei slipped 0.1\u00a0%, Hong\u00a0Kong\u2019s Hang\u00a0Seng gained 0.19\u00a0%, China\u2019s Shanghai Composite added 0.53\u00a0% and South Korea\u2019s KOSPI fell 0.21\u00a0%. Investors reacted to the Bank of Japan\u2019s meeting minutes and looked ahead to year\u2011end holidays.<\/li>\n\n\n\n
    • US markets<\/strong> \u2013 Overnight, the Dow Jones gained 0.16\u00a0%, S&P\u00a0500 rose 0.46\u00a0% and Nasdaq climbed 0.57\u00a0%, with the S&P\u00a0500 closing at a record high on stronger\u2011than\u2011expected economic data. U.S. futures were slightly lower in pre\u2011market trading, indicating a cautious tone ahead of the shortened trading session.<\/li>\n\n\n\n
    • Commodities<\/strong> \u2013 Gold, silver and platinum jumped to record highs as investors hedged against economic uncertainty; this supported Indian metal stocks. Brent crude remained soft near multi\u2011year lows, keeping inflation expectations benign.<\/li>\n<\/ul>\n\n\n\n

      Stocks to Watch<\/h2>\n\n\n\n
        \n
      • JBM Auto<\/strong> \u2013 Rally after the company secured major EV bus orders. Momentum could continue if new orders flow in.<\/li>\n\n\n\n
      • Castrol\u00a0India<\/strong> \u2013 Stock surged as parent BP announced plans to sell a controlling stake to Stonepeak; watch for developments around the transaction and any open\u2011offer implications.<\/li>\n\n\n\n
      • Vikran Engineering<\/strong> \u2013 Shares jumped over 11\u00a0% after winning a solar projects order, highlighting opportunities in renewable energy.<\/li>\n\n\n\n
      • Ajanta Pharma<\/strong> \u2013 Climbed 2.5\u00a0% after entering a pact with Biocon to market weight\u2011loss drug semaglutide in India.<\/li>\n\n\n\n
      • Kajaria Ceramics<\/strong> \u2013 Slipped over 4\u00a0% after a fraud was discovered in a subsidiary, leading to investor caution.<\/li>\n\n\n\n
      • Coal India<\/strong> \u2013 In focus after the board approved the listing of subsidiaries SECL and MCL; potential unlocking of value could draw interest.<\/li>\n\n\n\n
      • Hindustan Copper, GMDC, Nalco<\/strong> \u2013 Beneficiaries of the metal rally; watch for continued strength if global prices remain elevated.<\/li>\n<\/ul>\n\n\n\n

        Corporate Updates<\/h2>\n\n\n\n
          \n
        • Indus Towers<\/strong> \u2013 Gained over 3\u00a0% on expectations of higher tenancy additions from 5G rollout.<\/li>\n\n\n\n
        • Bandhan Bank<\/strong> \u2013 Declined on concerns about asset quality despite stable deposit growth.<\/li>\n\n\n\n
        • Dr\u00a0Reddy\u2019s Laboratories<\/strong> \u2013 Fell due to margin concerns and some regulatory overhang.<\/li>\n\n\n\n
        • VIP Industries<\/strong> \u2013 Small\u2011cap star; surging demand for travel accessories and improved margins lifted the stock.<\/li>\n\n\n\n
        • Castrol\u00a0India<\/strong> \u2013 Momentum continues as BP\u2019s planned stake sale to Stonepeak created buzz about a potential open offer.<\/li>\n\n\n\n
        • Vikran Engineering & Ajanta Pharma<\/strong> \u2013 Notable moves due to order wins and drug licensing pacts.<\/li>\n<\/ul>\n\n\n\n

          Technical Levels and Outlook for Tomorrow<\/h2>\n\n\n\n
            \n
          • Nifty\u00a050<\/strong> \u2013 The index has immediate support near 26\u202f100<\/strong>, with strong support around 26\u202f000<\/strong>. Resistance lies at 26\u202f250<\/strong>. Failure to break above 26\u202f200 has repeatedly triggered profit\u2011taking; a sustained close above 26\u202f250 could open the path to 26\u202f400, while a break below 26\u202f100 may take the index towards the 25\u202f900\u201326\u202f000 zone.<\/li>\n\n\n\n
          • Bank\u00a0Nifty<\/strong> \u2013 Faces resistance near 59\u202f600<\/strong> and stronger resistance at 60\u202f000<\/strong>. Supports are at 59\u202f000<\/strong> and 58\u202f800<\/strong>. The index is consolidating around the recent breakout area and may form a base between 58\u202f500 and 60\u202f100.<\/li>\n<\/ul>\n\n\n\n

            Expected market tone for the next trading day (Friday, 26 December)<\/strong> \u2013 With global markets in holiday mode and thin participation expected, consolidation<\/strong> is likely. The Nifty might remain range\u2011bound between 26\u202f000 and 26\u202f250, and Bank Nifty between 58\u202f800 and 59\u202f600. Traders should adopt a cautious, stock\u2011specific approach<\/strong>, focusing on sectors showing relative strength (metals, select auto and media stocks). Market sentiment will depend on global cues (US consumer\u2011confidence data, Chinese policy announcements) and foreign flows. Any decisive move above or below the above\u2011mentioned technical levels could set the tone for the final week of 2025.<\/p>\n\n\n\n

            <\/p>\n","protected":false},"excerpt":{"rendered":"

            Top Indices The Indian benchmarks closed lower on Christmas Eve, dragged by losses in oil & gas, pharma and IT stocks, while metal-related shares offered some support. Trading volume was thin ahead of the holiday and foreign selling continued. Key index levels are summarised below: Index Close Day\u2019s change Observations Sensex (BSE 30) 85\u202f408.70 \u20130.14 % Dropped […]<\/p>\n","protected":false},"author":10,"featured_media":8213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[512],"tags":[],"class_list":["post-9720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/9720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=9720"}],"version-history":[{"count":3,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/9720\/revisions"}],"predecessor-version":[{"id":9724,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/9720\/revisions\/9724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/8213"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=9720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=9720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=9720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}