Nifty Outlook: The Indian stock market remained under pressure on Tuesday amid weak global cues. Nifty once again could not stand near the important level of 26,000 and registered a decline for the second consecutive trading session. At the end of the day, Nifty fell 167 points and closed at 25,860.
Now let us understand from the experts how the movement of Nifty will be on Wednesday 17th December and which levels will be important. But, first let us know what special happened in the market on Tuesday and now which important factors will be kept an eye on.
Selling dominated throughout the day
Nifty started the day with a fall of around 75 to 76 points. After this, selling pressure continued for almost the entire session. A slight recovery was definitely seen in the last minute, but despite this the index closed near the day’s low.
Midcap and smallcap more weak
The market decline was widespread. 38 out of 50 Nifty stocks closed in the red. The broader market was more affected. Nifty Midcap 100 fell 0.93 per cent, while Nifty Smallcap 100 also lost 0.9 per cent.
Top Gainers and Top Losers
Bharti Airtel, Titan and Tata Consumer were the few stocks of the day in Nifty which showed strength. On the other hand, there was maximum selling in Axis Bank, Eternal and JSW Steel and these stocks proved to be the big losers of the day.
Weakness on the sectoral front too
The market trend remained weak sector wise also. Except Consumer Durables and Media sectors, almost all sectors closed in the red. The biggest decline was recorded in Realty, Private Banks, IT and Metals sectors.
Rupee fell for the fifth consecutive day
Depreciation of rupee in weak market environment also worsened the sentiment. The rupee weakened for the fifth consecutive session and fell 30 paise to close at a new record low of 91.08 against the dollar. The main reasons for the pressure on the rupee are considered to be the continuous selling by foreign institutional investors and increasing risk aversion at the global level.
Investors’ eyes fixed on America’s data
At the macro level, investors are now eyeing important economic data coming from America. These include data on non-farm payrolls, unemployment rate and monthly retail sales for November 2025. This data can give important indications about the future direction of the market.
What could be the future trend of the market?
Siddharth Khemka of Motilal Oswal says that at present, due to lack of any major trigger, the Indian stock market may remain in a limited range. Sideways trading may be seen in the market in the near term.
Experts’ opinion on Nifty outlook
Nagaraj Shetty of HDFC Securities believes that in the short term Nifty may slip towards the next support zone of 25,800–25,700. He said that even if there is a recovery in between, it may face a strong resistance around 26,000.
According to Nilesh Jain of Centrum Broking, the overall trend of Nifty currently remains sideways. He said that there is immediate support around the 50-day moving average at 25,790. If the index breaks below this level, the fall could extend to 25,700.
On the upside, Jain says that a sustainable movement above the 21-day moving average i.e. 26,030 will be necessary. Only then can we see recovery in Nifty and the index can move towards 26,250.
Negative sentiment due to breaking of support of 25,870
Rupak Dey of LKP Securities says that the current session was completely dominated by the bears. Nifty remained below the 200 period simple moving average on the hourly chart throughout the day, which clearly showed weakness. Breaking of the support of 25,870 has further strengthened the negative sentiment and the index may go down to 25,700 or below in the coming time.
According to Nandish Shah of HDFC Securities, Nifty is now approaching the 50-day exponential moving average, which is around 25,760. If this level is broken, the current correction may deepen further. On the upside, the level of 26,000 currently remains the biggest resistance.
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