Is Sensex Rising in Early Trade as Nifty Surpasses 26,000 on 2025's Last Trading Day?
Synopsis
Key Takeaways
Mumbai, Dec 31 (NationPress) The Indian benchmark indices displayed positive momentum early on Wednesday, marking the conclusion of the trading year.
By 9:30 AM, the Sensex climbed by 167 points, equating to a 0.20% increase, reaching 84,872, while the Nifty saw a rise of 67 points, or 0.26%, hitting 26,005.
The major broad-cap indices mirrored the benchmark indices' performance, with the Nifty Midcap 100 increasing by 0.55% and the Nifty Smallcap 100 growing by 0.58%.
Among sectoral gainers, the Nifty Metal index stood out as the top performer, rising by 1.33%, followed closely by Nifty Chemicals at 1.09% and Nifty PSU Bank with a 0.79% gain.
Analysts noted that immediate support is found in the range of 25,750–25,800, while resistance is anticipated near 26,050–26,100.
The market shows potential for growth; however, ongoing foreign institutional investor (FII) selling and the absence of fresh catalysts, such as significant US-India trade updates, are exerting pressure.
Investors are keenly awaiting insights from December's auto sales figures, Q3 corporate earnings, budget projections, and Federal Reserve actions slated for 2026. Market observers express optimism for a rebound in earnings in 2026.
In the Asia-Pacific region, most markets witnessed declines during the morning session, coinciding with the last trading day of the year.
In Asian indices, China's Shanghai index dipped by 0.07%, while Shenzhen fell by 0.67%. Japan's Nikkei declined by 0.37%, and Hong Kong's Hang Seng Index dropped by 1.12%. Moreover, South Korea's Kospi saw a slight decrease of 0.15%.
On the previous trading day, US markets closed lower, with the Nasdaq down by 0.24%, S&P 500 easing by 0.14%, and the Dow slipping by 0.2%.
On December 30, foreign institutional investors (FIIs) sold equities worth ₹3,844 crore, whereas domestic institutional investors (DIIs) were net buyers, purchasing equities worth ₹6,160 crore.