Overview
- After markets reopened from the Christmas break, the Sensex fell 367 points to 85,041 and the Nifty slipped 100 points to 26,042, extending the week’s consolidation.
- Selling accelerated intraday, with the Sensex down as much as about 470 points and the Nifty near 26,035 before a partial recovery into the close.
- Provisional flows showed foreign portfolio investors net sold roughly Rs 1,721 crore on Dec. 24, while domestic institutions bought about Rs 2,381 crore, a pattern traders say is shaping near-term moves.
- The RBI has announced liquidity support through Rs 2 lakh crore of government bond purchases and a USD 10 billion buy/sell swap scheduled between Dec. 29 and Jan. 22.
- Analysts cited low year-end volumes and profit-booking, with IT and financials under pressure and selective strength in pockets like metals, as key indices hold a 26,000–26,300 Nifty range.