Key Highlights
- On a weekly basis, however, benchmarks posted modest gains.
- For the week ended December 26, the Sensex rose 112 points, or 0.13%, breaking a two-week losing streak, while the Nifty 50 advanced 0.30%, snapping its three-week run of losses.
- “The benchmark Nifty 50 concluded the holiday-shortened week on a flat-to-positive note, ending near the 26,060 mark as subdued volumes owing to the Christmas holidays capped sharp directional moves.
- Despite the muted headline performance, the underlying market tone remained constructive, with sectoral action showing encouraging signs and select pockets delivering healthy gains in the range of 2–3%,” said Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi.
- According to Dongre, Nifty continues to trade comfortably above the psychologically important 26,000 level and has successfully sustained above the earlier breakout zone of 25,700–25,800.
