Indian Stock Market Outlook: Sensex and Nifty 50 Expected to Open Weak on December 15

Indian Stock Market Benchmark Indices

The Indian stock market is likely to start the week on a weak note, with the Sensex and Nifty 50indices expected to open lower on Monday, December 15. This is due to negative global market cues from Asian peers, following a decline in US markets on Friday.

The Gift Nifty was trading near the 26,037 level, down 98 points or 0.4% from the Nifty futures’ previous close, indicating a lower start for the Indian benchmark index after two straight sessions of gains.

Market Performance on Friday, December 12

On Friday, December 12, the Indian stock market extended its gains for the second straight session, supported by upbeat global sentiment after the US Federal Reserve announced a rate cut. The Sensex climbed 450 points, or 0.53%, to close at 85,267.66, while the Nifty 50 advanced 148 points, or 0.57%, to settle at 26,046.95.

Broader markets also strengthened, with the BSE Midcap index rising 1.14% and the Smallcap index up 0.65%. Investor wealth saw a sharp jump as the total market capitalisation of BSE-listed companies increased to over ₹470 lakh crore, compared to ₹466.6 lakh crore in the previous session—adding more than ₹3 lakh crore in a single day.

Expectations for Sensex, Nifty 50, and Bank Nifty

Sensex Prediction

The Sensex is expected to begin the week on a steady footing after holding key support levels through Friday’s session. Analysts noted that the index continues to trade within a well-defined range, with intraday volatility likely as markets await fresh global cues.

According to Mayank Jain, Market Analyst at Share.Market, the benchmark remains structurally stable above crucial levels. He noted that the Sensex is hovering comfortably over its support zone of 85,000–84,800, which is expected to guide trading sentiment in the near term.

• The broader range for Monday is likely to stay between 84,800 and 85,500, with 85,000 acting as a key pivot.
• A decisive move above 85,300 or below 84,800 may lead to a directional shift in that respective direction.

Nifty 50 Prediction

The Nifty 50 regained control of critical support and resistance levels on Friday, reclaiming the 26,000 mark after a brief pullback earlier in the week. Analysts say the index is now approaching a crucial inflection point, with the next directional move likely to be triggered if Nifty decisively breaks above the 26,200 region.

• Nilesh Jain, Head – Technical and Derivatives Research, Centrum Broking, said the bulls staged a strong comeback as Nifty closed above 26,000 for the second session.
• Rupak De, Senior Technical Analyst at LKP Securities, pointed to improving momentum, stating that Nifty has moved back above 26,000 after a brief phase of weakness.

Bank Nifty Prediction

The Bank Nifty ended Friday’s session flat-to-positive at 59,390 after a day of narrow consolidation, with analysts pointing to signs of hesitation but steady support at lower levels.

• Hrishikesh Yedve, AVP – Technical and Derivative Research, Asit C. Mehta Investment Intermediates Ltd, said the index’s structure reflects ongoing indecision.
• Vatsal Bhuva, Technical Analyst at LKP Securities, added that sustained strength above key moving averages is essential.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.