Overview
- Sensex slipped 116 points to 85,408.70 and Nifty fell 35 points to 26,142.10 in low-volume trade on Dec. 24.
- Indian markets were shut on Dec. 25 for Christmas, with BSE, NSE, MCX and NCDEX all closed.
- Sector moves were uneven, with oil & gas and IT weaker while media, realty and metal notched gains.
- The Reserve Bank of India plans Rs 2 lakh crore in government bond purchases and a USD 10 billion buy/sell dollar-rupee swap to ease liquidity between Dec. 29 and Jan. 22.
- Analysts flag a near-term range with resistance at 26,300–26,350 and support near 26,000–26,050, with views split between consolidation and a potential retest of record highs.