Why are Sensex and Nifty Trading Flat in Early Deals?
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Synopsis
On December 17, Indian equity benchmark indices opened flat as investors remained cautious amid mixed banking trends. With the Nifty facing immediate support at 25,700, the market dynamics are crucial for future movements. Stay informed on the latest market shifts and analysis.
Key Takeaways
- Sensex opened 176 points higher but dropped.
- Nifty's immediate support at 25,700.
- Banking stocks showed mixed performance.
- US market trends are affecting global sentiment.
- FIIs are net sellers in the Indian market.
Mumbai, Dec 17 (NationPress) The Indian equity benchmark indices exhibited a flat trading pattern during early sessions on Wednesday, as mixed trends in banking stocks prompted caution among investors.
The Sensex kicked off 176 points higher at 84,856 but quickly relinquished those gains, dipping into the red with a low of 84,649.
At approximately 9:25 AM, the index was up by 134 points, or 0.2 percent, at 84,820. The Nifty also saw a slight increase, trading at 25,913, up 53 points or 0.2 percent.
Analysts have noted that for the Nifty’s technical outlook, immediate support is around 25,700, with a potential breakdown below this threshold leading to further consolidation towards 25,600–25,550.
“On the upside, resistance is anticipated at 26,000–26,050, which poses a significant challenge,” market observers commented.
Banking and financial stocks displayed a mixed performance. Shares of SBI, Bajaj Finance, Eternal, and Axis Bank emerged as top gainers on the Sensex, each climbing around 1 percent.
Conversely, ICICI Bank and HDFC Bank were among the notable laggards, hindering the market’s upward movement.
In the broader market, activity remained subdued. The BSE MidCap index increased slightly by 0.1 percent, while the SmallCap index fell by 0.1 percent.
Meanwhile, the Indian rupee started at 91.07 against the US dollar.
Asian markets traded with modest gains, recovering from prior losses. Japan’s Nikkei, Hong Kong’s Hang Seng, and China’s Shanghai Composite rose between 0.2 and 0.4 percent during mid-day trading, while South Korea’s KOSPI and Taiwan’s benchmark index gained approximately 0.7 percent each.
In the US overnight, Wall Street indices closed with mixed results. The S&P 500 fell for the third consecutive session, down 0.24 percent as investors reacted to the delayed release of the November jobs report.
The Nasdaq Composite rose 0.23 percent, while the Dow Jones Industrial Average dropped 0.62 percent.
On the institutional front, foreign institutional investors remained net sellers in the Indian market, offloading shares worth Rs 2,060.76 crore on Tuesday. Meanwhile, domestic institutional investors provided some support, purchasing shares worth Rs 770.76 crore.
Point of View
I emphasize the importance of remaining informed about market fluctuations. The current flat trading of Sensex and Nifty amidst mixed banking stock trends highlights the need for cautious investing. Understanding these dynamics can guide better financial decisions.
NationPress
17/12/2025
Frequently Asked Questions
What caused the Sensex and Nifty to trade flat?
The flat trading is attributed to mixed trends in banking stocks, leading to cautious investor sentiment.
What are the key support and resistance levels for Nifty?
Nifty's immediate support is at 25,700, with resistance seen at 26,000–26,050.
How did the US markets influence Indian indices?
US markets closed mixed, with the S&P 500 falling due to a delayed jobs report, impacting investor sentiment globally.
What are the current trends in the broader market?
The broader market remains muted, with the BSE MidCap index slightly rising and the SmallCap index declining.
How are foreign institutional investors behaving?
Foreign institutional investors were net sellers, offloading shares worth Rs 2,060.76 crore recently.
