Stock Market Today: Lethargy Weighs Down Nifty at 9-Week EMA

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Last day of trading in the Indian markets may be uneventful per analysts as global cues and charts signal

By S JHA

Mumbai, December 31, 2025 — The last day of 2025 trading session is likely to be eventless. Global cues are flat to negative. Nifty on chart is taking support from nine-week equated moving averages (EMA). The 50-share index is stuck in a fragile equilibrium per analysts.

Market participants noted that Nifty failed to take over the stiff resistance at 26100. The index is since retracing. Bias per analysts is also seen for large cap stocks.

“Throughout the month, prices largely traded within a defined range, and in the final session of the calendar year, we do not see any major traction,” said Angel One in a post-market commentary shared with clients.

The Delhi-based brokerage said that the “lethargic price action is expected to continue, with the immediate range placed between 25,800 and 26,100.” It added that while “Nifty closed flat, holding just above its 9-week EMA, indicating a fragile equilibrium between support and selling pressure.”

“For December so far, the index is down over one percent (264 points),” stated the brokerage firm. It added that metals led with two percent gains, while PSU Banks and Auto advanced over one percent each, reflecting selective risk-on interest.

“Defence, Tourism, Realty and IT lagged, each declining more than 0.5 percent, highlighting continued dispersion across sectors,” added Angel One.

(Disclaimer: This article makes no recommendation for any kind of trades in the markets)