The Indian stock market saw gains for the second straight session on Friday, December 12, with the Sensex climbing 450 points to close at 85,267.66 and the Nifty 50 advancing 148 points to settle at 26,046.95. The broader markets also performed well, with the BSE Midcap and Smallcap indices rising 1.14% and 0.65%, respectively.
The total market capitalisation of BSE-listed companies increased to over ₹470 lakh crore, adding more than ₹3 lakh crore to investor wealth in a single trading session.
Ajit Mishra, SVP of Research at Religare Broking Ltd, noted that the markets remained volatile and ended the week in negative territory amid mixed domestic and global cues. He advised investors to stay selective and maintain a balanced approach amid ongoing currency volatility and mixed global cues.
Mishra recommended large-cap exposure, particularly in sectors such as private banking, automobiles, metals, and pharmaceuticals. He also suggested that export-oriented stocks may continue to benefit from a weaker rupee.
Foreign portfolio investors (FPIs) have persistently sold Indian equities throughout 2025, with a total of 141 net selling days so far this year.
Gold prices climbed 1% on Friday to touch a seven-week high, supported by a weaker dollar and growing expectations of interest rate cuts.
According to Mishra, the Nifty has managed to reclaim the crucial short-term moving average (20 DEMA) near the 25,950 zone. He noted that sustained holding above this level will be critical for extending the recovery toward the record high of 26,300.
For the Bank Nifty, Mishra added that the banking index continues to display relative strength and is holding above its short-term moving average. He advised investors to watch the 58,400–58,800 zone as a key support area.
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