Indian stocks slipped on December 29 as trading stayed thin and foreign investors kept selling.
Market overview
The BSE Sensex closed at 84,695.54, down 345.91 points (‑0.41%). The NSE Nifty 50 finished at 25,942.10, lower by 100.20 points (‑0.38%). Mid‑cap and small‑cap indices fell a bit more, dropping 0.45% and 0.50% respectively.
Why the market fell
Analysts say there were no fresh catalysts and many investors were on holiday mode, leading to a short‑term consolidation. Ongoing foreign institutional investor (FII) selling added pressure, and investors are waiting for third‑quarter earnings and updates on the U.S. trade talks.
Top gainers in the Nifty 50
- Tata Steel – up over 1.5%
- Tata Consumer – up over 1.5%
- Asian Paints – rose
- Grasim – rose
- Nestle India – rose
Top losers in the Nifty 50
- Adani Ports – down 2.27%
- HCL Technologies – down over 1%
- Power Grid – down over 1%
- Trent – down over 1%
- Adani Enterprises – down over 1%
Sector snapshot
- Media sector led gains, up 0.93%.
- FMCG and PSU banks also posted small gains.
- IT and banking sectors fell, down 0.75% and 0.53%.
Most traded stocks
- Tata Silver ETF – 54.57 crore shares
- Vodafone Idea – 53+ crore shares
- Silver BEES – 28.53 crore shares
- Hindustan Copper and HFCL – notable volumes
Big movers (±10% or more)
Seven stocks rose more than 10%, including Prakash Steel Cage, Rajnandini Metal, and Country Condo, which hit the 20% price band. Three stocks fell over 10%, such as Krishival Foods, Brooks Laboratories, and Modi Rubber.
52‑week highs and lows
Seventy‑six stocks reached 52‑week highs, with names like Eicher Motors, Hindalco, and Titan. Meanwhile, 130 stocks hit 52‑week lows, including Blue Stone, Godrej Agro, and Shoppers Stop.
Advance‑decline ratio
For every stock that rose, two fell. On the NSE, 1,022 stocks advanced while 2,188 declined.
Technical outlook for Nifty 50
Traders noted profit‑taking pressure. The index slipped below its 21‑day EMA and retraced more than half of its recent gain. Support is around 25,900, while the next resistance sits near 26,000.
Disclaimer
These observations are for educational purposes only. They do not constitute investment advice. Always do your own research or consult a certified professional before making any trading decisions.