Indian Markets Dip Amid Profit Booking; Experts Predict Nifty's Next Move for Dec 29

Business
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Moneycontrol•26-12-2025, 16:34
Indian Markets Dip Amid Profit Booking; Experts Predict Nifty's Next Move for Dec 29
- •Indian stock markets closed lower on Dec 26, with Sensex down 367 pts and Nifty down 100 pts, due to profit booking and mixed global cues.
- •Despite daily losses, Sensex and Nifty ended their weekly losing streaks, rising 0.13% and 0.30% respectively.
- •Experts attribute market pressure to low year-end trading volumes, absence of new triggers, and FII selling.
- •Technical analysts forecast Nifty's movement for Dec 29, with crucial support at 25,950-25,900 and resistance at 26,200-26,250.
- •A break below 26,000 could signal further weakness, while holding it might lead to 26,200.
Why It Matters: Indian markets saw profit booking; experts offer Nifty's technical outlook for Dec 29 amid low volumes.
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