Benchmark indices Nifty and Sensex ended the trading day nearly unchanged on December 26, as early gains were wiped out due to muted activity during the year-end holiday season and a lack of strong market triggers. Thin trading volumes and the impact of the final monthly F&O contracts added to the cautious market sentiment.
Despite the subdued broader market, realty and metal stocks showed resilience in the afternoon, recovering to close in positive territory.
Market Performance
- Sensex: Dipped marginally by 0.39 points (0.00%) to settle at 78,472.48
- Nifty: Rose by 22.55 points (0.10%) to end at 23,750.20
Market breadth reflected the volatility, with 1,599 stocks advancing, 2,219 declining, and 95 remaining unchanged.
Key Highlights
- Thin trading volumes and muted activity due to the year-end holiday season.
- Final monthly F&O contracts contributed to cautious sentiment.
- Midcap stocks showed recovery, indicating selective buying interest.
- India VIX, a measure of market volatility, jumped by 6%, signaling underlying caution among investors.
While the holiday lull kept overall activity subdued, midcap stocks saw some recovery, hinting at selective buying interest in specific sectors. However, the rise in India VIX indicates that investors remain cautious as markets continue to navigate the year-end trading period.