Sensex, Nifty Eye Flat Start Amid Global Uncertainty

By siliconindia  |  Monday, 29 December 2025, 09:32:27 AM IST

Sensex, Nifty Eye Flat Start Amid Global Uncertainty
  • Sensex and Nifty 50 likely to open flat or mildly positive on December 29 amid geopolitical cues.
  • Strong support near 84,800–84,500; immediate resistance at 85,500-85,800 could guide next moves.
  • Put accumulation at 26,000 and call writing at 26,200–26,300 indicate a near-term range-bound market.
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open flat or mildly positive on Monday, December 29, amid ongoing geopolitical developments.
Trends in Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading near the 26,100 level, up 20.50 points or 0.8% from the previous close of Nifty futures.
The Indian stock market ended lower on Friday, December 26, as continued selling pressure affected investor sentiment amid a lack of fresh triggers and mixed global cues. The Sensex fell 367 points, or 0.43%, to close at 85,041.45, while the Nifty 50 dropped 100 points, or 0.38%, to settle at 26,042.30.
Despite the weak close, the benchmarks posted marginal gains for the week. For the week ending December 26, the Sensex inched up 112 points, or 0.13%, breaking a two-week losing streak, while the Nifty 50 advanced 0.30%, ending a three-week slide.
“Markets witnessed a marginal decline after two sessions of range-bound movement and slipped nearly half a percent, extending the ongoing consolidation amid low volumes in the holiday-shortened week. After a steady start, the Nifty gradually drifted lower through the session, tested the 26,000 mark, and eventually settled at 26,042.30. Sectoral performance remained aligned with the benchmark, with most indices ending in the red; IT, financials and auto emerged as the key laggards. The broader markets tracked the benchmark and closed flat to marginally positive, reflecting cautious participation”, said Ajit Mishra, SVP, Research, Religare Broking Ltd.
Sensex Outlook
Sensex ended the week at 85,041, consolidating just below all-time highs amid subdued participation and selective selling in heavyweight stocks.
Ponmudi R, CEO, Enrich Money, said, “The index continues to find strong support near the 84,800-84,500 zone, indicating institutional accumulation on declines. A firm close above the 85,500-85,800 band could unlock upside toward 86,000-86,500 in the weeks ahead”.
Nifty OI Data
Ponmudi R further added that derivative market positioning continues to reflect a cautious yet stable sentiment.
“Open interest data highlights strong put accumulation around the 26,000 strike, reinforcing it as a key near-term support zone, while call writing remains concentrated in the 26,200-26,300 range, effectively capping immediate upside. This OI configuration suggests a range-bound setup in the near term, with a decisive breakout above the call-heavy zone required to signal the next directional move and improve risk appetite,” R said.
Ponmudi R reiterated, “The index continues to find strong support near the 84,800-84,500 zone, indicating institutional accumulation on declines. A firm close above the 85,500-85,800 band could unlock upside toward 86,000-86,500 in the weeks ahead”.
He further added, “Derivative market positioning continues to reflect cautious yet stable sentiment. Open interest data highlights strong put accumulation around the 26,000 strike, reinforcing it as a key near-term support zone, while call writing remains concentrated in the 26,200–26,300 range, effectively capping immediate upside. This OI setup indicates a range-bound market in the near term, and a decisive breakout above the call-heavy zone is needed to signal the next directional move and boost risk appetite”.
Overall, the market is expected to see a cautious start on Monday, with investors closely tracking global cues and domestic derivative data before making fresh moves.

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