News

Sensex, Nifty Today: Indian equity benchmarks were trading lower in afternoon deals on Tuesday, December 17, amid sustained selling pressure across the market.

At around 14:03 IST, the BSE Sensex was down 194.94 points, or 0.23 per cent, at 84,484.92. The index had opened marginally higher but failed to hold gains.

The NSE Nifty 50 slipped 67.75 points, or 0.26 per cent, to 25,793.25. The benchmark opened at 25,902.40 but witnessed selling at higher levels.

According to Zee Business Managing Editor Anil Singhvi, the biggest reason for market weakness is continued selling by foreign institutional investors (FIIs).

Domestic institutional buying has also slowed. Retail investors are largely on the selling side, with limited fresh buying interest.

Earlier, the weakness in the rupee was seen as a major negative factor. However, despite some recovery in the rupee, the market has failed to sustain at higher levels.

Selling pressure and fear are clearly visible on trading screens. The overall sentiment remains cautious.

On the technical front, Nifty’s strong support is seen in the 25,650–25,750 range. For Bank Nifty, the crucial support zone lies between 58,650 and 58,825.

A closing below these levels could increase downside risk in the market.

On the upside, any recovery in Nifty towards the 25,900–26,000 zone is likely to face selling pressure. For Bank Nifty, resistance is seen in the 59,125–59,350 range.