Gold and silver jumped to all-time highs, with escalating geopolitical tensions and US dollar weakness helping to extend a historic rally for precious metals. Frictions in Venezuela, where the US has blockaded oil tankers and ramped up pressure on the government of Nicolás Maduro, have added to the precious metal’s haven appeal. In Africa, the US has launched a “powerful and deadly strike” against a terrorist group in Nigeria, according to a social-media post by President Donald Trump.
Gold, silver jump to record highs on geopolitics and weak dollar- Daily Market Update 26th Dec 2025
Overview and Outlook
Global Stock Market Today
- US equity markets were closed on account of Christmas Day.
- European equity markets were also closed on Christmas Day.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is down by 60 points, Nifty futures likely to open around 26100 levels.
Benchmark Nifty index ended on a slightly negative note at 26142 spot levels after a cut of 35 points from its previous closing values.
Performance on the broader front was mix. Small cap index outperformed the benchmark as it settled on a positive note. On the other hand, Mid cap index underperformed the benchmark, fell 0.6%.
Majority of sectoral indices, tracked at NSE, ended on a flat to negative note. Amongst them, IT, Pharma, Consumer Durables and PSU Bank index were down around 0.5% each.
Nifty index is hovering in a board congestion zone (26300-25700 spot zone). In day trade, 26060-25950 will act as an important support on the down side whereas as immediate resistance is placed around 26235 spot levels and bias is likely to be sideways.
Derivatives Overview & Outlook
Last Wednesday, all index futures moved southward on long unwinding as Nifty, Banknifty, Finnifty and Midcapnifty futures shed 1.5%, 4.6%, 5% and 5.7% of open interest respectively.
Majority of the sectoral indices ended on a negative note. Long unwinding was seen among Automobile, Capital Goods, Chemical, Infrastructure and Power stocks, whereas some long buildup was seen among Metal Stocks.
On the option front, both call and put writing was seen at multiple strikes. The Maximum open interest is at 26200 CE followed by 27000 CE. On the put side, the maximum positions are at 26000 PE.
Institutional Trading Activity
On Wednesday, FIIs sold stocks worth Rs 1721 Cr in the cash segment, bought index futures worth Rs 1032 Cr also bought stocks futures worth Rs 879 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2381 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 26220-26300; Supports 26080-26000
Banknifty – Resistances 59600-59800; Supports 59000-58800
Finnifty – Resistances 27750-27820; Supports 27500-27400
F&O Security in Ban Today: SAMMAAN CAPITAL
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