After two consecutive sessions of losses, Indian equity markets are expected to begin Wednesday’s trade on a flat note. Early signals from GIFT Nifty suggest a flat-to-positive start. The GIFT Nifty was trading near 25,937, up 21.5 points from the previous Nifty futures close.

Market Recap

The domestic benchmarks closed lower yesterday due to weak global cues, rupee depreciation, and broader selling. The Sensex dropped 534 points or 0.63% to close at 84,679.86, and the Nifty 50 fell 167 points or 0.64% to settle at 26,860.10.

The broader markets were in line with the downward trend, with Nifty Midcap 100 down by 0.83% and Nifty Smallcap 100 down by 0.92%, showing that mid and small-cap sectors were both under pressure.

Sensex Outlook

Technical experts believe the Sensex remains vulnerable unless it holds crucial support levels. The index should remain above the 84,300 zone to avoid a deeper retracement toward 84,000-83,800.

Resistance level is at 84,800, and if there is a sustained upward movement, then the index can expect to recover shortly to the 85,200-85,400 range.

Nifty 50 Outlook

The Nifty 50 remains in a corrective mode as the momentum indicators signal a cautious approach. The index has already dipped below the important short-term moving averages, and the overall technical structure suggests range-bound movement.

The key support level is at 25,720, followed by 25,650-25,600. A fall below these levels might lead to stronger selling. The resistance area is around 26,000-26,100.

The derivative market is also giving a signal of narrow range-bound trading, as there is significant call writing at 25,900 and put buying at 25,800.

Bank Nifty Outlook

The Bank Nifty underperformed, closing near 59,035 after a gap-down opening. Immediate support can be seen in the 58,800-58,900 zone. 

A breach below this range could drag the index toward 58,500 or lower. Resistance is seen near 59,300 and higher at 59,500-60,000, where sellers are expected to re-emerge.

Also Read: US Stock Market Today: S&P 500 and Dow Jones Dip 0.5% as NASDAQ Proposes 23-Hour Trading

Key Factors to Watch

Investors will closely track the key US economic data, Nonfarm Payrolls (November 2025), the unemployment rate, and monthly retail sales, which could influence global and domestic trading activities. 

Overall, experts suggest that the Indian stock market will trade sideways and cautiously during the session, as there are no meaningful near-term triggers. The investors will continue to be cautious of the fluctuations in currency and FII flows.