New Delhi, Dec. 22 -- The Indian stock market showed resilience amid consolidation, with the Nifty 50 index bouncing sharply from key supports near 25,700-25,800 last week and repeatedly testing the falling trendline resistance around 26,000. On December 19, the index traded firmly in the 25,950-26,000 zone, gaining nearly 0.5-0.6% intraday, while broader market sentiment improved. The 50-stock index extended its gains on Monday and regained the 26,000 levels decisively, touched an intraday high of 26,148.40, and came close to the lifetime high of 26,325.80.

Mid-cap and Small-cap indices outperformed, reflecting a reversal of strength and renewed buying interest following declines, which helped stabilise overall market breadth. The week ...