Why Did Sensex and Nifty Open Lower Amidst Lack of Domestic Triggers?
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Synopsis
The Indian stock market opened the week on a downturn as the Sensex and Nifty indices fell amid a scarcity of strong domestic signals. With cautious trading and mixed sector performance, investors are left awaiting fresh cues to navigate the day's market direction.
Key Takeaways
- Sensex fell by 93 points to 85,619.
- Nifty decreased by 50 points to 26,137.
- Resistance levels for Nifty are around 26,300-26,350.
- Support levels are expected near 26,000-26,050.
- IT sector showed resilience with a 0.5% gain.
Mumbai, Dec 8 (NationPress) The Indian stock markets commenced the week on a pessimistic note on Monday, as the benchmark indices opened lower due to a lack of significant domestic stimuli.
The Sensex experienced a decline of 93 points, translating to a drop of 0.11 percent, trading around 85,619. Similarly, the Nifty fell to 26,137, down 50 points or 0.19 percent.
Experts indicated that the Nifty is likely to operate within a specified range today, with immediate resistance identified around 26,300-26,350, where profit-taking might occur.
“Support is anticipated around 26,000-26,050, a level that has remained robust amid recent consolidation,” analysts explained.
In early trading, several heavyweight stocks pulled down the indices. Shares of Bajaj Finance, BEL, NTPC, Asian Paints, Power Grid, Trent, Sun Pharma, and ICICI Bank were among the most significant losers on the Sensex.
Conversely, some prominent technology and automotive names helped to mitigate the decline. Eternal, Tech Mahindra, TCS, Tata Motors PV, Infosys, HCL Tech, and Tata Steel emerged as notable gainers.
The broader market also faced some pressure, with the Nifty MidCap index dipping by 0.12 percent, while the Nifty SmallCap index fell more sharply, declining by 0.40 percent.
Sector-wise, the real estate, public sector banks, and pharmaceutical stocks experienced the most selling pressure, with the Nifty Realty, PSU Bank, and Pharma indices dropping between 0.3 percent and 0.5 percent.
On a positive note, the Nifty IT index managed a rise of 0.5 percent, buoyed by gains in major tech stocks. The Nifty Metal index also edged up by 0.2 percent.
Analysts noted that market sentiment remained cautious during early trading as investors awaited new triggers to determine the day's direction.
“Given the prevailing circumstances, a buy-on-dips strategy appears to be fitting. Traders might consider establishing long positions if the Nifty retraces toward 26,000-26,050 or if the Bank Nifty stabilizes above 59,400,” market experts suggested.
Point of View
It is crucial to acknowledge the current state of the stock market, reflecting concerns among investors amid a lack of substantial domestic triggers. Our commitment to providing accurate insights ensures that our audience is well-informed and prepared for market fluctuations.
NationPress
24/12/2025
Frequently Asked Questions
What caused the decline in the Sensex and Nifty today?
The decline is attributed to a lack of strong domestic cues, leading to cautious trading among investors.
Which sectors are facing pressure in the market?
The real estate, public sector banks, and pharmaceutical sectors are currently experiencing the most selling pressure.
What strategies should traders consider?
Analysts suggest a buy-on-dips strategy, with an eye on Nifty's potential pullback towards 26,000-26,050.
