Sensex, Nifty, Share Prices LIVE: Indian equity markets are expected to see a flat to mildly positive opening on the last trading day of 2025, supported by Gift Nifty indications but capped by thin year-end volumes.

From a technical perspective, Nifty remains locked in a narrow consolidation range, reflecting a lack of directional conviction. Heavy call writing at the 26,000 strike continues to act as a strong overhead resistance, limiting any meaningful upside.

On the downside, sustained put open interest around the 25,900 zone is providing immediate support, making this level a crucial near-term pivot.

The Put-Call Ratio has improved to 0.69, signalling cautious sentiment but not yet indicating a bullish shift.

Volatility remains subdued, with India VIX hovering below 10, suggesting limited intraday swings. A decisive close above 26,000 would be needed to revive bullish momentum, while a failure to hold 25,900 could open the door to a mild corrective phase.