Mumbai, Dec 24, 2025 — Indian equity markets are expected to open flat-to-positive on Wednesday, with the Nifty likely to hover around the 26,200 mark, amid thin global participation and monthly Sensex derivatives expiry on the final trading day before the Christmas holiday.
📊 Market Setup
Nifty 50 traded in an extremely narrow range on Tuesday, briefly crossing the December 5 highs intraday but failing to sustain above 26,200.
Nifty Bank also remained range-bound within a 200-point band, ending near Monday’s close.
Key support for Nifty is seen at 26,000–26,100, while 26,205 and 26,233 remain crucial resistance levels.
For Nifty Bank, 59,500 is the decisive level for any shift in sentiment.
💻 IT Stocks in Spotlight
IT stocks are likely to see heightened action following developments around the H-1B visa rejig, with traders watching for stock-specific moves amid a softer dollar and improving US macro cues.
🧠 Expert View
On CNBC-TV18, Mark Matthews (Bank Julius Baer) said markets could still see a Santa Rally, adding:
Nifty earnings growth could accelerate to 16–18% next year
The AI trade is expected to continue, even if leadership rotates
US equities may close the year on a strong note
🏆 Commodities Steal the Show
Gold surged to a fresh all-time high near $4,526/oz (up 72% YTD)
Silver hit a record $72.70/oz, up 151% YTD
In India, silver prices crossed ₹2.2 lakh/kg
Strong ETF inflows, falling mine supply, and industrial demand are driving the rally
🏥 Stocks to Watch Today
IT stocks on visa-related developments
Pharma: Ajanta Pharma, Zydus Life, Emcure Pharma
Coal India, select cement and metal names
Ambuja Cements / ACC after merger-related commentary from global brokerages
🌍 Global Cues
US markets closed higher on strong GDP data
Dollar index slipped below 98, down nearly 10% YTD
US yields stable; volatility remains low
NYSE to close early today for Christmas Eve
Outlook: With Nifty just about 150 points away from fresh all-time highs, traders are likely to remain cautious but optimistic, focusing on stock-specific opportunities amid low volumes.
