Show: “What Will Move the Market” with host Prem on Friday, December twenty sixth, twenty twenty five, ahead of market open.

Wall Street: US markets closed for Christmas after a record-setting session.

• S&P 500 up 0.3% to a record close around six thousand nine hundred thirty two.

• Dow Jones up 0.6% to about forty eight thousand seven hundred thirty one, also a record.

• Nasdaq up 0.2% for a fifth straight day of gains in a classic Santa rally, though on very light holiday volume.

• Strong US Q3 GDP growth of 4.3% boosted sentiment but led markets to scale back expectations of aggressive Fed rate cuts.

Indian ADRs overnight:

• Infosys up 0.54%, HDFC Bank up 0.33%.

• ICICI Bank down 0.40%, Reliance down 1.14%.

• Signals profit-taking in energy and IT, while banking, especially HDFC Bank, remains relatively firm.

Asia and Gift Nifty:

• Nikkei up 0.84% and Hang Seng up 0.17% in holiday-thinned but positive trade.

• Gift Nifty down about 0.23% near twenty six thousand one hundred eighteen, hinting at a slightly soft Indian open despite supportive regional sentiment.

• Expect Nifty to consolidate between twenty six thousand and twenty six thousand two hundred as profit booking clashes with year-end buying.

Global backdrop:

• Ongoing uncertainty around US tariffs under Trump into twenty twenty six; markets hope for negotiated deals rather than full trade wars.

• Dollar has weakened nearly 10% since January, modestly helping rupee-linked exporters.

• Crude oil steady around sixty two dollars per barrel, with Venezuelan tensions but still manageable for India’s import bill.

India domestic cues:

• Parliament passes Insurance Bill allowing 100% FDI in insurance, a structural positive for insurers and distributors.

• FIIs net sellers around one thousand seven hundred twenty one crore, while DIIs bought about two thousand three hundred eighty one crore, cushioning the market.

• RBI injecting roughly two point nine trillion rupees of liquidity through bonds and OMOs, supportive for banks and NBFCs.

• India VIX near nine point one nine, signalling very low volatility and some complacency.

Technical setup:

• Nifty immediate resistance at twenty six thousand two hundred to twenty six thousand two hundred fifty; a break above could target around twenty six thousand four hundred.

• Key support at twenty six thousand and then around twenty five thousand nine hundred fifty; a break below would hint at weakness.

• Bank Nifty consolidating near fifty nine thousand, with support around fifty eight thousand eight hundred and potential upside toward fifty nine thousand five hundred to sixty thousand if support holds.

Commodities:

• Crude stable near sixty two dollars per barrel.

• Gold near four thousand four hundred eighty dollars and silver around seventy one point nine three dollars per ounce, both in uptrends on safe-haven demand; calls for caution for rupee investors on any sharp corrections.

Day plan:

• Final week of the year with thin liquidity and many institutions squared off; expect range-bound trade in Nifty.

• Insurance theme is a medium-term positive, but sharp immediate moves may be limited.

• Watch FII flows, IT stabilization in names like Infosys and TCS, and strength in metals and select cyclicals.

• Maintain a mildly bullish bias above Nifty twenty six thousand, but trade with tight stop-losses and avoid chasing spikes.