Stock Market Today 29 Dec: Amid mixed global cues and low market participation towards the year-end, the Indian stock market traded flat with a slightly positive bias. By 9:30 AM, the Sensex had risen 40 points, or 0.04 percent, to 85,081, and the Nifty had gained 14 points, or 0.05 percent, to 26,057. The performance of the broader market indices mirrored that of the benchmark indices, with the Nifty Midcap 100 rising 0.14 percent and the Nifty Smallcap 100 increasing by 0.18 percent.
Stock Market Today 29 Dec
In the Nifty pack, Tech Mahindra, Tata Steel, and NTPC were among the top gainers, while Bajaj Finserv, Axis Bank, Bajaj Finance, and Tata Consumer were among the losers. Among the sectoral gainers, the Nifty Metal index was the top performer, rising 1.11 percent, followed by Nifty Auto and Nifty Realty, which gained 0.26 percent and 0.25 percent, respectively.
Expert on Stock Market
According to analysts, immediate support is at the 25,850-25,900 level, while the 26,150-26,200 level remains a crucial resistance zone. Stable crude oil prices and a relatively stable rupee are providing continuous support, preventing sharp price declines. India’s underperformance compared to most developed and emerging markets in 2025 is set to reverse in 2026 as Indian macroeconomics are in a ‘Goldilocks’ zone, with strong economic growth and improving earnings from Q3 FY2026.
Asian Market Today
Asia-Pacific markets saw mixed trading in the morning session as investors kicked off the final trading week of the year. Among Asian markets, China’s Shanghai Composite rose 0.31 percent, the Shenzhen Composite edged up 0.03 percent, while Japan’s Nikkei 225 fell 0.31 percent and Hong Kong’s Hang Seng index gained 0.39 percent. South Korea’s Kospi index rose 1.52 percent. US markets closed lower on the last trading day, with the Nasdaq down 0.09 percent, the S&P 500 down 0.03 percent, and the Dow Jones down 0.04 percent.
