Nifty Pauses After Rally, Experts Predict Uptrend Continuation

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CNBC TV18•23-12-2025, 20:40
Nifty Pauses After Rally, Experts Predict Uptrend Continuation
- •Nifty closed marginally higher at 26,177, pausing after a sharp rally and trading in a narrow range.
- •Coal India, Shriram Finance, ITC, UltraTech Cement outperformed; Infosys, Bharti Airtel, Adani Ports, Sun Pharma faced selling pressure.
- •Sectoral performance was mixed: Media, metal, and FMCG gained, while IT, PSU banks, and pharma weakened.
- •India concluded a free trade agreement with New Zealand, allowing duty-free entry for Indian goods and $20 billion investment.
- •Experts foresee consolidation at higher levels, with Nifty's underlying trend remaining positive, eyeing 26,300-26,400.
Why It Matters: Nifty consolidates after rally; experts foresee continued uptrend with key support at 26,050.
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