Indian shares kept falling on Dec 26, extending a losing streak and leaving many investors nervous.
Market recap
The Sensex dropped 367 points to 85,041 and the Nifty slipped 99.8 points to 26,042, marking the third straight day of losses. Small‑ and mid‑cap indexes also fell, showing broad weakness. The slide was driven by profit‑booking and foreign fund outflows, while trading volumes stayed thin.
What traders expect
Even though bullish traders try to push the market higher, the lack of clear domestic triggers keeps the upside limited. Volatility has been high, and many investors are waiting for better global cues or domestic data before taking new positions.
Top 3 stocks to watch
- NMDC Ltd – India’s biggest iron‑ore producer. Buy above ₹83, stop loss at ₹80, target ₹89 (multiday). Current price around ₹82.6.
- Oberoi Realty Ltd – Premium real‑estate developer. Buy above ₹1,690, stop loss at ₹1,660, target ₹1,740 (intraday). Current price about ₹1,685.8.
- LTIMindtree Ltd – Global tech consulting firm. Sell below ₹6,020, stop loss at ₹6,110, target ₹5,850 (intraday). Current price near ₹6,035.5.
Outlook
If the Bank Nifty can hold above its recent lows, the broader Nifty may climb past 26,300, giving the market a small boost. Until then, investors should stay cautious and watch for any sign of sustained buying pressure.
Disclaimer
Remember, these ideas are personal opinions, not predictions. Markets can move quickly, and past performance does not guarantee future results. Do your own research or talk to a qualified adviser before making any investment decisions.