Mumbai (Maharashtra) [India], December 24 (ANI): The home stock markets opened flat to marginally decrease in early commerce on Wednesday, forward of the Christmas vacation, as continued Foreign Portfolio Investor (FPI) promoting capped bullish sentiment regardless of supportive home fundamentals.
The Nifty 50 index was buying and selling at 26,154.20, down 12.85 factors or 0.05 per cent shortly after opening. Meanwhile, the BSE Sensex slipped 93.51 factors or 0.11 per cent to 85,431.33 in early offers.
Market specialists stated that whereas broader cues stay supportive, revenue reserving and international fund outflows are limiting upside in the course of the holiday-shortened buying and selling week.
Ajay Bagga, Banking and Market Expert, informed ANI, ‘Indian markets are pointing to a different constructive open on the time of writing, nevertheless, this week has seen two days of FPI promoting and markets failing to interrupt via key resistance ranges. With Indian markets reaching overbought ranges as per the PCR ranges, we anticipate some promoting into the holiday-shortened buying and selling week.’
Bagga added that liquidity circumstances are anticipated to enhance following the Reserve Bank of India’s announcement of open market operations (OMOs) to inject Rs 2 lakh crore and a USD 10 billion dollar-rupee swap. These measures are more likely to help liquidity and supply some reduction to the Indian rupee, which he famous stays the worst-performing Asian forex in calendar yr 2025.
Despite weak spot within the US dollar index, with the DXY at 97.7, the rupee depreciated by 5 paise towards the US dollar on Tuesday. Currency weak spot continues to be a detrimental issue for a revival in FPI inflows.
On Tuesday, home institutional buyers (DIIs) bought equities value Rs 3,812.37 crore, whereas international institutional buyers (FIIs) bought equities value Rs 1,794.80 crore.
Ponmudi R, CEO of Enrich Money, stated the Nifty is at present in a consolidation section. ‘Nifty 50 present value motion suggests a consolidation or breather section just under resistance, which is typical after a robust up-move. Immediate help is positioned at 26,100, backed by notable put open curiosity, whereas the 26,000-25,950 zone kinds a robust demand base,’ he stated. He added that so long as the index sustains above 26,000 on a closing foundation, the near-term outlook stays mildly bullish.
In international markets, US financial knowledge remained robust, with Q3 GDP development coming in at a two-year excessive of 4.3 per cent. Consumer spending rose 3.5 per cent, whereas exports recorded a robust development of 8.8 per cent.
Supported by AI-related capital expenditure and elevated authorities defence spending, US markets ended larger, with the S&P 500 closing at a document excessive because the Dow and Nasdaq prolonged their rally for a fourth straight session.
Asian markets had been largely constructive on Wednesday morning, barring a slight decline within the Australian index resulting from considerations over potential fee hikes by the RBA in 2026.
Japan’s Nikkei rose 0.08 per cent, Hong Kong’s Hang Seng gained 0.34 per cent, South Korea’s Kospi was up 0.06 per cent, and Taiwan’s weighted index superior 0.12 per cent, whereas Singapore’s Straits Times index traded decrease. (ANI)