Sensex, Nifty 50 flat ahead of Christmas holiday, IT stocks slip on H-1B visa lottery rule changes

traded flat after recording moderate gains in the early session on Wednesday as investors stayed cautious ahead of the Christmas holiday, with persistent FPIs selling and profit booking offsetting supportive global cues.

Market will be closed tomorrow, December 25, 2025.

Although the equity benchmarks briefly tracked gains in Asian peers following stronger-than-expected US growth data, losses in information technology stocks and continued foreign fund outflows capped upside, keeping the holiday-shortened session range-bound despite resilient domestic fundamentals.

traded flat at 85,522.17 after opening at 85,533.11 against the previous close of 85,524.84. In today’s session, it scaled to a high of 85,738.18.

inched up by 14.80 pts or 0.06 per cent to 26,191.95 at 12.50 pm, surging to an intrday high of 26,236.40.

Smallcap index rose 0.54 per cent, while midcap index inched up 0.08 per cent. Sectoral performance staged mixed trend. IT, pharma, oil & gas experienced maximum selling pressure, while metals, media, realty and auto were among the indicies that traded with modest gains.



Top gainers & losers of Nifty 50 intraday

Among the Nifty 50 stocks, Hindalco, Shriram Finance, Apollo Hospitals, Trent and Max Healthcare led the gainers, while Dr Reddy’s Laboratories, Wipro, Sun Pharma, InterGlobe Aviation and Reliance Industries declined the most.

IT stocks declined as investor sentiment was dented by concerns over changes to the H-1B visa programme, with the Trump administration replacing the random lottery system with a process that prioritises higher-skilled and higher-paid applicants, potentially impacting hiring flexibility and costs for Indian IT firms.

Mphasis, Wipro, Coforge and Persistent Systems depreciated over 1 per cent.

Market breadth remained mixed, with 3,107 stocks traded on the National Stock Exchange at the time of writing, of which 1,561 advanced, 1419 declined and 127 remained unchanged.

On the broader market front, 81 stocks touched their 52-week highs, whereas 34 slipped to 52-week lows. Meanwhile, buying interest was visible in select counters with 62 stocks hitting the upper circuit, while 29 stocks were locked in the lower circuit.

Midcap & smallcap movers

Under the midcap basket, Bharat Dynamics, Indus Towers, National Aluminium, 360 One WAM, NTPC Green and Muthoot Finance gained 2-4 per cent, while Ashok Leyland, BSE Ltd, Mphasis, Coforge, Astral and Glenmark declined 1-2 per cent.

Smallcap stocks JBM Auto, Hindustan Copper and Manappuram Finance rallied 6-10 per cent. IIFL, Gillette and Nuvama soared 3-4 per cent. On the flipside, Kajaria Ceramics, Cyient, Neuland Lab, Bandhan Bank and Gland Pharma fell 1-3 per cent.

On the BSE, VIP Industries and Websol Energy zoomed 12-14 per cent, while HCC, Avanti Feeds and Strides Pharma depreciated up to 4 per cent.

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