On December 19, both benchmark indices closed with solid gains, supported by a steady rupee, positive global cues and a Bank of Japan policy decision that was in line with market expectations.
The Sensex climbed 448 points, or 0.53 per cent, to close at 84,929.36, while the Nifty rose 151 points, or 0.58 per cent, to settle at 25,966.40.
Commenting on Nifty outlook, experts said that “on the upside, immediate resistance is placed at 26,000, followed by 26,200 and 26,400.”
They added that on the downside, support is seen at 25,900 and then 25,800, with a break below 25,700 likely to attract additional selling pressure.
“Given the current market structure, a buy-on-dips strategy remains appropriate, though traders should maintain strict stop-losses due to prevailing volatility,” market watchers stated.
Broader markets outperformed the benchmarks, with the BSE Midcap index rising 1.26 per cent and the Smallcap index gaining 1.25 per cent.
Looking ahead, investors will be closely tracking India’s industrial output data. The Index of Industrial Production (IIP) for November 2025 is scheduled to be released on December 29 by the Ministry of Statistics and Programme Implementation.
Policy developments and trade-related news will also remain in focus. The government, led by Prime Minister Narendra Modi, pushed through major reforms in the recent winter session of Parliament to strengthen the economy amid rising global trade pressures.
Key legislative changes include allowing private sector participation in the nuclear industry, permitting 100 per cent foreign ownership in insurance companies, and proposing a single consolidated code for securities market regulations.
These steps are aimed at improving the investment climate and could influence market sentiment in the days ahead. The movement of the Indian rupee is another important factor for the market.
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