Nifty ended 121 points lower, while the Sensex was down by 436 points.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 9 December 2025: Today, the benchmark indices witnessed a volatile trading session. After a roller-coaster activity, the Nifty ended 121 points lower, while the Sensex was down by 436 points. Among sectors, the Nifty PSU Bank index rallied 1.25 percent, whereas the IT index lost the most, shedding 1.25 percent. Technically, after an early morning intraday sharp selloff, the market took support near 25,750/84400 and bounced back. However, the short-term texture of the market is still on the weak side. Additionally, on daily and intraday charts, it is holding a lower high formation, which supports further weakness from the current levels.
We are of the view that the current market texture is weak but oversold, hence we could see an extension of the pullback rally in the near future. For day traders, 25,750/84400 would act as a key support zone. As long as the market is trading above this level, the pullback formation is likely to continue. On the higher side, 25,950/85000 and 26,000/85200 would be immediate resistance areas for the bulls. On the flip side, below 25,750/84400, the selling pressure is likely to accelerate. Below this, the market could retest the level of 25,650/84000.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds:
The equity benchmarks staged a partial rebound on Tuesday after a steep sell-off at the open, with value buying helping the indices trim losses through the afternoon. The Sensex recovered nearly 450 points from its intraday low, while the Nifty climbed back above 25,900, though both remained in negative territory. Titan Company, Shriram Finance and ETERNAL led the gains, while Asian Paints and Mahindra & Mahindra dragged the indices lower.
The recovery was supported by easing crude prices, which helped calm inflation concerns, and bargain-hunting after the benchmark indices slipped sharply at the start of trade. Broader markets also stabilised: both the Nifty Midcap100 and Smallcap100 rebounded after deep cuts, moving into positive territory by noon and aiding the overall improvement in sentiment.
