

Stock recommendations for 29 December from MarketSmith India
Stock market recap: The Indian stock market ended lower on Friday, 26 December, as investors stayed in selling mode amid a lack of fresh triggers and mixed global cues. The Sensex fell 367 points, or 0.43%, to 85,041.45, while the Nifty 50 dropped 100 points, or 0.38%, to 26,042.30.
The BSE Midcap and Smallcap indices declined 0.18% and 0.34%, respectively. Overall market capitalization of BSE-listed firms slipped to nearly ₹474 trillion from ₹475 trillion in the previous session.For the week ended 26 December, the Sensex inched up 112 points, or 0.13%, snapping a two-week losing streak, while the Nifty 50 rose 0.30%, ending a three-week slide.Indian equities ended lower on Friday, 26 December, amid thin year-end volumes and broad-based profit booking.
The Nifty 50 declined 0.38% to close at 26,042.3, slipping below the 26,100 mark after failing to sustain early gains, while the Sensex also closed modestly in the red. Market breadth was weak, with declines clearly outpacing advances: 1,871 stocks declined against 1,285 advances, and 93 stocks ended unchanged, highlighting cautious investor sentiment beneath the headline indices.
Sectorally, IT was the key laggard, shedding over 1%, pressured by concerns around global demand visibility and a firmer dollar. Financials were mixed to weak, with Nifty Financial Services and Private Bank indices ending lower, reflecting selective profit taking in heavyweight lenders.
Auto, Pharma, Media, and Realty indices also closed in the red. On the positive side, Metals outperformed, supported by firm global commodity prices, while Consumer Durables and FMCG saw mild buying interest.From a price action perspective, the Nifty 50 continues to trade within a rising channel on the daily
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