Did Sensex and Nifty Make Gains Amid Positive Global Cues?
Synopsis
The Indian stock market has shown resilience with moderate gains driven by positive global cues. As the Sensex and Nifty consolidate, experts predict further upward movement supported by strong domestic macros and expectations of earnings growth. Is the market set for a bullish trend as 2025 approaches?
Key Takeaways
Sensex rose by 105 points to 85,630 .
Nifty increased by 40 points to 26,217 .
Key gainers included Hindalco , Axis Bank , and Cipla .
Media, Metal, and Realty sectors saw significant gains.
Market experts predict further upward movement in 2025.
Mumbai, Dec 24 (NationPress) The Indian stock market saw moderate gains early Wednesday, buoyed by positive global cues, indicating a consolidation trend. By 9:30 AM, the Sensex rose by 105 points, or 0.12%, reaching 85,630, while the Nifty increased by 40 points, or 0.16%, to hit 26,217.
Among the major indices, the Nifty Midcap 100 outperformed with a 0.31% rise, and the Nifty Smallcap 100 added 0.53%.
Key gainers within the Nifty included Hindalco Industries, Axis Bank, and Cipla, while Tech Mahindra, TCS, Titan Company, Dr Reddy's Labs, and Tata Consumer were among the notable losers.
In terms of sector performance on the NSE, the Media, Metal, and Realty sectors showed strong gains of approximately 0.82%, 0.58%, and 0.78%, respectively. Conversely, the Nifty IT sector faced a decline of 0.49%.
Experts predict that the Nifty could continue to rise toward resistance levels at 26,202 and 26,330, while a support level is expected around 26,000.
Analysts noted that the market is likely to consolidate upwards as CY2025 concludes, supported by robust domestic macros and rising earnings growth projections for Q3 and Q4 of FY26 and FY27.
The market's resilience is attributed to domestic inflows and DII buying, although FIIs may sell during rallies, which could hinder a significant breakout. Additionally, the revival of AI trades in the US may influence sentiments toward 'non-AI trades' in markets like India.
A fresh Rs 2 lakh crore OMO from the RBI is expected to enhance liquidity and reduce yields, positively impacting credit growth and bank stocks. The RBI announced new measures on Tuesday to inject substantial funds into the banking system to alleviate tight liquidity conditions.
In the Asia-Pacific region, markets traded with a positive tone, with several indexes closing early in observance of the Christmas Eve holiday.
Asian markets witnessed gains, with China's Shanghai index up by 0.24%, Shenzhen rising 0.31%, Japan's Nikkei increasing 0.06%, Hong Kong's Hang Seng Index up 0.08%, and South Korea's Kospi adding 0.12%.
US markets also closed predominantly in the green, with the Nasdaq rising 0.57%, the S&P 500 up 0.46%, and the Dow gaining 0.16%.
On Tuesday, FIIs sold equities worth Rs 1,795 crore, while DIIs were net buyers of equities amounting to Rs 3,812 crore.
Point of View
I observe that the current market movements reflect a cautious optimism among investors. The gains in the Indian stock market amid favorable global cues highlight the potential for consolidation and growth, driven by strong domestic fundamentals. As we navigate through these fluctuations, it’s crucial to remain informed and prepared for potential market shifts.
NationPress
12 May 2026
Frequently Asked Questions
What are the reasons behind the recent gains in the stock market?
The recent gains in the stock market can be attributed to positive global cues, strong domestic macros, and expectations of earnings growth in upcoming quarters.
How do foreign institutional investors affect the market?
Foreign institutional investors (FIIs) can significantly impact market sentiment and liquidity; their buying or selling activities can lead to increased volatility in stock prices.
What sectors are currently performing well in the market?
Currently, sectors such as Media, Metal, and Realty are performing well, showing gains of around 0.78% to 0.82%.
What is the outlook for the Nifty index?
Experts suggest that the Nifty could extend its advance toward resistance levels at 26,202 and 26,330, with support expected around 26,000.
What recent measures has the RBI taken to boost liquidity?
The RBI recently announced a Rs 2 lakh crore OMO to inject liquidity into the banking system, aimed at easing tight liquidity conditions.
