Nifty and Sensex open flat on Monday, dampening year-end rally prospects
Nifty and Sensex had a flat opening on Monday, signaling a quiet start to the week without much excitement for investors. The Nifty 50 index opened slightly down at 23,796.90 points, a decrease of 16.50 points or 0.07%, while the BSE Sensex opened at 78,637.90 points, marking a decline of 61.17 points or 0.08%.
It’s noticeable that market experts anticipate a lackluster week for Indian markets due to weak buying sentiments and global economic factors. Market movements are expected to be subdued until Donald Trump makes his policy announcements for his second term, causing some anxiety among investors.
Market analyst Ajay Bagga described the situation as a “dull week ahead” with likely minimal ups and downs for the bustling stock exchanges. Market movements, heavily influenced by tech setbacks in the U.S., have affected Asian markets adversely, setting a somber tone in the region.
When looking at specific sectors, selling pressure dominated the markets as all the sectoral indices on the NSE showed a decline. In the Nifty 50 list, only 14 stocks showed gains while the majority, 36 stocks, saw declines in the opening trades of the day.
Within this mixed picture, there were notable performers. Companies like Adani Enterprises, Adani Ports, Bharti Airtel, ITC, and Nestle India started positively, driving gains in early trading. On the flip side, companies like BPCL, ONGC, Hindalco, and JSW Steel failed to gain traction.
For 2025, experts suggest keeping an eye on Nifty 50’s performance against key resistance levels like 23,800, 24,650, and 25,300 and support levels around 23,300. Any movements above or below these levels could signify some strong market trends in the coming year.
Historical data suggests that the Nifty has often performed well in the last days of the calendar year. However, the uncertain global economic and political environment surrounding U.S. elections, global tensions, and pandemic-related concerns have contributed significantly to the volatile market conditions witnessed lately.
Overall, it seems that the markets are poised for cautious trading sessions in the coming days, eagerly awaiting clarity on various economic and political fronts. It’s a reminder for investors to proceed carefully and stay informed amid the challenging market conditions.
