The markets closed marginally lower on Monday, December 15, after posting gains in the previous two trading sessions. The BSE Sensex ended 54 points lower at 85,213, while the NSE Nifty 50 slipped about 20 points to close at 26,027. Despite the mild decline, the Nifty remained above the key 26,000 level, which traders see as an important short-term support.
The market faced selling pressure mainly from auto and financial stocks, as investors chose to book profits at higher levels. Weak global cues and continued selling by foreign institutional investors also kept sentiment subdued throughout the session.
Stock-specific movements were visible across sectors. InterGlobe Aviation (IndiGo) emerged as a key gainer, rising nearly 2%, supported by optimism around travel demand and business growth. On the other hand, Mahindra & Mahindra was among the top losers, falling close to 2%, which weighed on the auto index.
Other sectors showed mixed trends, reflecting uncertainty in the broader market. Banking and auto stocks underperformed, while select stocks from the aviation and consumer segments provided some support.
Global markets offered limited direction. Asian markets ended lower, while European markets traded with mild gains. US stock futures were slightly higher, but concerns over global economic growth, currency volatility, and geopolitical tensions continued to influence investor behaviour.
Foreign investors remained net sellers in Indian equities, adding to the cautious mood on Dalal Street. Market experts said that while India’s long-term growth outlook remains strong, short-term movements are likely to remain volatile.
Analysts believe that Nifty holding above 26,000 is crucial, and a clear breakout above this level could support further gains, while a slip below may trigger short-term weakness.