<div id="readability-page-1"><div>The Indian benchmark started the holiday-truncated week on a strong note with Nifty rising above 26,150, led by buying across the sectors, positive global cues and persistent buying by FIIs and DIIs.At close, the Sensex was up 638.12 points or 0.77 percent at 85,567.48, and the Nifty was up 206 points or 0.79 percent at 26,172.40.The broader indices outperformed the main indices with BSE midcap and smallcap indices rising 0.8 percent and 1 percent, respectively.Also Read: India's volatility index at an all-time low, what does this mean?Biggest Nifty gainers were Shriram Finance, Trent, Wipro, Infosys, Bharti Airtel, while losers included SBI, HDFC Life, Cipla, Tata Consumer, Kotak Mahindra Bank.All the sectoral indices ended higher with capital goods, metal, IT up 1-2%.Also Read: 110 firms cross Rs 1 lakh crore mcap in 2025, up from 97 last yearIn stock-specific action, Hindustan Zinc stock jumped 2.7% as silver prices soar to record highs, Ge Vernova T&amp;D India shares rose 5.7% on receiving multi-year contract, RITES shares gained 2.7% on MoU with Government of the Republic of Botswana, Sudeep Pharma shares slipped 3% after Q2 profit slips 6%.Shriram Finance shares added 3.5% on MUFG Bank Deal, Apollo Micro Systems shares rose 5% on two DRDO technology transfers for directed energy weapon systems, Concord Control shares rose 5% on order win of Rs 139 crore from Indian Railways, Fortis Healthcare shares added 2% on acquiring 125-bedded hospital in Bengaluru.Jupiter Wagons shares jumped 20% after promoter picked 0.55% stake, Varun Beverages share price added 3.6% on acquiring South African beverages company Twizza, Bondada Engineering share rose 2.7% on winning order worth Rs 945 crore from NLC India.Also Read - Retail leasing ends 2025 on a high, will supply crunch spoilt the party in 2026?More than 120 stocks hit 52-week high, including NALCO, MCX India, Kirloskar Oil, Shriram Finance, UPL, Hindustan Zinc, M&amp;M Financial, AIA Engineering, Hindalco Industries, Ashok Leyland, India Cements, Vedanta, Laurus Labs, IDFC First Bank, Can Fin Homes, Phoenix Mills, TVS Motor, Federal Bank, Hindustan Copper, among others. Click to View MoreOutlook for December 23Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment IntermediatesThe Nifty index began the day on a positive note, witnessed continued buying interest, and eventually settled on a positive note at 26,172. Technically, on the daily chart, Nifty formed a big bullish candle and decisively crossed the short-term barrier of 26,050. The next major hurdle for the index is placed in the 26,250–26,325 zone, while immediate support has now shifted to the 26,050 level. Short-term traders are advised to book profits on a bounce near 26,250–26,325, while waiting for a fresh breakout above the 26,325 level.The Bank Nifty index opened on a positive note, witnessed range-bound consolidation, and settled on a positive note at 59,304. Technically, on the daily chart, the Bank Nifty index has formed a small green candle, but managed to close above the high of the previously formed hammer candle as well as short term trend line hurdle. The next resistance for the index is placed near 59,550, and a sustainable break above 59,550 could pave the way for a move towards the 59,800–60,000 levels.Nagaraj Shetti, Senior Technical Research Analyst at HDFC SecuritiesNifty witnessed sharp breakout of consolidation movement on Monday and closed the day with hefty gains of 206 points. After opening with an upside gap of 90 points, Nifty surged up further soon after the opening. It later shifted into a range bound action with positive bias in the mid to later part of the session and the opening upside gap remains unfilled.A long bull candle was formed on the daily chart with gap up opening. Technically, this market action indicates a decisive breakout of crucial hurdle and triangle pattern around 26000 levels. This is positive indication and this reflects market's significant change in trend on the upside. Next upside levels to be watched around 26300-26400 levels in the near-term. Immediate support is placed at 26000.Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.</div></div>

INFY

The Indian stock market saw significant gains with the Nifty closing above 26,150 and the Sensex rising by 638 points. IT and metal shares led the gains, with notable performances from Shriram Finance, Trent, and Infosys. The broader indices also outperformed, and several stocks hit 52-week highs. Technical analysis suggests a bullish trend with potential resistance levels identified for Nifty and Bank Nifty indices.

Taking Stock: Nifty closes above 26,150, Sensex gains 638 pts; IT, metal shares lead gains