Weekly Update- 26 December 2025

NIFTY50

Nifty ended the week at 26,042, up 76 points (+0.29%). The week started on a strong note, with broad-based participation and positive momentum on Monday, reflecting improved market sentiment. However, as the index approached the key resistance zone near 26,200, profit booking emerged, leading to a mild retracement over the next three sessions. Despite this consolidation, the market did not show broad weakness, as stock-specific action and clear sectoral rotation were visible, with buying interest seen in railway, defence, and metal stocks, indicating selective accumulation rather than panic selling. This suggests that the broader market structure remains healthy. Looking ahead, resistance is placed around 26,200, while strong support lies near 25,800, and the overall outlook remains constructive with a continued buy-on-dips strategy.

BANKNIFTY

Bank Nifty closed the week at 59,011, down 58 points (-0.10%), and underperformed Nifty, acting as a drag on the broader index. The week began on a positive note with some initial upside, but momentum faded soon after, leading to a gradual retracement of the recent upmove. The weakness was largely driven by underperformance in PSU banks, which weighed on overall banking sentiment. Despite the pullback, the index is approaching important support levels. For the coming week, key resistance is placed around 59,500, while support lies near 58,700. The overall view remains buy on dips, provided the index holds above the support zone.

TOP GAINING SECTOR

RAILWAY AND DEFENCE was top gainer this week

Major gainers were:-

RVNL:- up by 21.56%

IRFC:- up by 17.25%

TITAGARH:- up by 14.36%

BDL:- up by 7.36%

BEL:- up by 1.43%

IMPORTANT NEWS

• Market sentiment remained largely cheerful during the Christmas week, with equities touching record highs and both industrial and precious metals posting extraordinary gains. Copper and silver surged to fresh all-time highs, capping an unprecedented rally and closing the week with double-digit gains.

• Quick-commerce unicorn Zepto has pre-filed draft IPO papers with markets regulator Securities and Exchange Board of India to raise about Rs 11,000 crore, people familiar with the development said, marking the start of its public-market journey.

• DMart prioritises store expansion to drive long-term cash flow, as JioMart and Blinkit lead weekly active user growth.

• The Indian equity markets did trade with a holiday mood in the final truncated week of 2025 (December 22-26), but ultimately closed lower amid sustained FII selling, a weakening rupee, and uncertainty over the India-US trade deal. Domestic institutional investor (DII) buying helped to cushion the decline.

• Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of U.S. Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.