The Indian stock market is poised for a positive opening on December 23, 2025, amid supportive global cues and a rebound in sentiment following a strong close in the previous session. Overnight, Wall Street extended gains with a year-end rally in tech stocks, while Asian markets rose, tracking the positive momentum. The GIFT Nifty futures were trading at around 26,230, up about 0.07% from the previous close, signaling a firm start for the Nifty 50. The rupee strengthened marginally, and foreign investor inflows continued to provide tailwinds, though volatility remains low with India VIX at 9.68. Pre-market indicators suggest the Sensex could open above 85,600 and Nifty near 26,200, with analysts advocating a buy-on-dips strategy amid improving momentum.
The Indian stock market is poised for a positive opening on December 23, 2025, amid supportive global cues and a rebound in sentiment following a strong close in the previous session. Overnight, Wall Street extended gains with a year-end rally in tech stocks, while Asian markets rose, tracking the positive momentum. The GIFT Nifty futures were trading at around 26,230, up about 0.07% from the previous close, signaling a firm start for the Nifty 50. The rupee strengthened marginally, and foreign investor inflows continued to provide tailwinds, though volatility remains low with India VIX at 9.68. Pre-market indicators suggest the Sensex could open above 85,600 and Nifty near 26,200, with analysts advocating a buy-on-dips strategy amid improving momentum.
Key themes today include resilience in banking and financials, buoyed by potential RBI policy stability, alongside selective picks in pharma and metals driven by breakout patterns and positive earnings outlooks. A total of around 25 unique recommendations were aggregated from credible sources like Mirae Asset Sharekhan, Prabhudas Lilladher, Anand Rathi, ICICI Securities, and GEPL Capital, focusing on fresh intraday and short-term calls issued or updated this morning. Standout picks include Mirae Asset's Buy on NMDC with a target of ₹86 for its range breakout, Vaishali Parekh's intraday Buy on Indian Bank aiming for ₹820, and ICICI Securities' Buy on Glenmark Pharma targeting ₹2,200 amid long buildup. This pre-market snapshot captures updates up to 8:30 AM IST; market dynamics may evolve post-opening.
The overall outlook for major indices remains cautiously bullish, with analysts expecting consolidation near recent highs but with upside potential on sustained support levels. Global cues, including a stable US dollar and positive Asian opens, are aiding sentiment, though domestic triggers like upcoming corporate earnings previews could influence intraday moves. The Nifty 50's ability to hold above 26,000 is seen as key for further gains toward record levels, while Bank Nifty shows resilience after defending technical supports. Low volatility supports a buy-on-dips approach for indices.
| Index | Recommendation | Target/Range | Key Driver | Source |
|---|---|---|---|---|
| Nifty 50 | Bullish | 26,300–26,350 | Positive momentum indicators (RSI), support at 26,000–26,050, low VIX | Livemint, Choice Equity Broking |
| Sensex | Bullish | 86,000–86,200 | Positive global cues, rupee rebound, breakout above 85,700 | Economic Times, Kotak Securities |
| Bank Nifty | Positive | 59,800–60,000 | Break above 59,550 resistance, resilience after holding key levels | Livemint, Asit C. Mehta |
Recommendations today lean toward selective buying in undervalued stocks showing technical breakouts, with a focus on metals, pharma, banking, and auto sectors. Pharma stands out with multiple buys on breakout patterns and positive momentum, while banking picks reflect sector resilience. Metals and cement calls highlight demand recovery themes. Overall, analysts emphasize stocks with strong support zones and rising open interest for short-term upside. No major sell calls were noted, aligning with the bullish index bias.
No specific recommendations found for this sector today.
Global brokerages maintain a constructive view on Indian equities for 2025, with Emkay projecting Nifty at 25,000 by year-end amid expected bounce-back in the second half. Axis Securities eyes Nifty at 28,100 by December 2026, driven by earnings growth and shift to valuation-led expansion. Thematic focus includes midcaps for value, per Macquarie, though no India-specific calls from globals like Morgan Stanley or Goldman Sachs were updated today. From BSE announcements, no major regulatory nuggets impacting recommendations, but ongoing corporate disclosures (e.g., analyst meets) imply steady sentiment. Quant outlooks from ICICI Direct highlight themes like auto and metals recovery for 2025.
The sentiment leans bullish with positive pre-open cues and technical breakouts supporting selective buying. Investors should watch banking and pharma sectors for momentum, alongside Nifty's hold above 26,000 for broader upside.
This is aggregated data for informational purposes; consult a financial advisor before acting. Not investment advice. Market conditions can change rapidly.