Overview
- At the close on Dec. 26, the Sensex fell 367.25 points to 85,041.45 and the Nifty 50 settled at 26,042.30 after a volatile session.
- Provisional data showed FPIs were net sellers of about Rs 1,721.3 crore while DIIs bought roughly Rs 2,381.3 crore, and the rupee weakened toward 89.9 per dollar.
- The sell-off deepened intraday with the Sensex down more than 400 points at one stage as the Nifty repeatedly tested support near the 26,000 mark in low-liquidity trade.
- IT, auto and financials led declines, while select pockets such as metals and railway-linked stocks showed relative strength.
- Analysts expect range-bound action with key levels near 26,000 support and 26,300 resistance, with direction likely guided by the upcoming earnings season, Union Budget cues and trade-talk progress.