Market experts expect the indices to consolidate within a narrow range for the rest of the year, as the lack of major positive or negative triggers limits market movement

The stock markets will remain closed on December 25 for Christmas. On Tuesday, investors showed caution leading to minor declines in BSE Sensex and Nifty50 amidst foreign fund outflows.

The S&P BSE Sensex added 18.18 points to close at 78,491.05, while the NSE Nifty50 was up 22.55 points to end the day at 23,750.20.

From the 30 blue-chip stocks, State Bank of India, Maruti, Axis Bank, ICICI Bank, Mahindra & Mahindra and Power Grid were among the biggest gainers. Asian Paints, Tech Mahindra, N

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,800 level, a premium of nearly 30 points from the Nifty futures’ previous close.

The S&P BSE Sensex added 369.59 points to 78,842.46, while the NSE Nifty50 gained 100.05 points to 23,827.70 as of 9:20 AM.