
Stock recommendations for 22 December from MarketSmith India
Subscribe to enjoy similar stories. The Indian equity markets snapped a four-day losing streak on Friday, 19 December, with Nifty 50 gaining 150.85 points (0.58%) to settle at 25,966.40, and Sensex rising about 447 points (0.53%) to close at 84,929. Market breadth was decisively positive, as reflected in an advance-decline ratio of 2,185 advances to 939 declines, signaling robust, broad-based buying.
The rally was primarily catalyzed by cooler-than-expected US core inflation (2.6%), which revived hopes for Federal Reserve rate easing in 2026, and a significant rebound in the Rupee to 89.27 after hitting recent record lows. Realty (+1.67%), Pharma, and Auto led the gains, while IT stocks tracked a tech-led recovery on Wall Street. Notable stock performances included Shriram Finance and ITI, the latter surging 10% on land monetization news.
Indian equities ended on a firm note on Friday, with Nifty 50 closing at 25,966.40, supported by broad-based buying and resilience across key sectors. The index traded steadily through the session, holding above 25,900, indicating strong near-term support, while immediate resistance remains near 26,050–26,100. Market breadth was notably robust, with 2,185 stocks advancing, 939 declining, and 91 unchanged, reflecting healthy risk appetite in the broader market.
Nifty Auto, Healthcare, FMCG, oil and gas, and Financials led the gain, with Nifty Auto gaining more than 1% and Nifty MidSmall Healthcare surging more than 1.3%. Pharma, Realty, and Private Banks also contributed to the positive bias. Stable global cues and steady crude prices supported sentiment, while expectations of policy continuity and a benign domestic macro backdrop further anchored buying interest.
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