Indian Stock Market Today: Sensex Ends Lower Amid Global Cues

The Indian stock market slipped into the red on Wednesday, December 10, extending its losing streak to three days. The Sensex fell 275 points to close at 84,391.27, while the Nifty 50 dropped 82 points to 25,758. Midcap and smallcap stocks also saw declines as investors stayed cautious amid global developments.

Market Performance Highlights

• Sensex: 84,391.27, down 275 points (0.32%)
• Nifty 50: 25,758, down 82 points (0.32%)
• BSE Midcap Index: down 1.08%
• BSE Smallcap Index: down 0.58%
• Market Capitalisation: Dropped from ₹465 lakh crore to ₹463.8 lakh crore

Investors witnessed swings during the session. The Sensex hit an intraday high of 85,020.34, rising 354 points, but could not sustain the gains and retreated sharply to end lower. Over the last three sessions, the Sensex has declined 1,321 points (1.5%), and the Nifty 50 fell 1.6%.

Main Market News

Markets were influenced by mixed global cues and rising uncertainty in international financial conditions. Persistent foreign capital outflows and currency fluctuations contributed to the cautious sentiment.

• Global Factors: Volatility in international markets impacted domestic trading.
• Domestic Factors: Ongoing concerns over trade and economic developments kept investors wary.

The decline spanned most sectors, though some stocks managed to close in positive territory.

Sectoral Performance

• Nifty Losers:
  • Consumer Durables: down 1.72%
  • IT: down 0.89%
  • PSU Banks: down 0.70%
  • Bank Index: down 0.44%
  • Financial Services: down 0.53%
• Nifty Gainers:
  • Media: up 0.48%
  • Metal: up 0.46%
  • Pharma: up 0.17%

Top Performing Stocks

• Top Gainers in Nifty 50:
  • Eicher Motors: +1.54%
  • Hindalco Industries: +1.07%
  • HDFC Life Insurance Company: +1.06%
• Top Losers in Nifty 50:
  • InterGlobe Aviation (IndiGo): -3.17%
  • Eternal: -3.09%
  • Trent: -1.77%
• Most Active Stocks (NSE Volume):
  • Vodafone Idea: 68.87 crore shares
  • Meesho: 40 crore shares
  • Aequs: 11.56 crore shares
• BSE Movers:
  • Stocks rising >15%: Amkay Products, Rajshree Sugars & Chemicals, Sheetal Cool Products
  • Stocks falling >10%: Kaynes Technology India, Hubtown, Kalyani Forge

Advance-Decline Ratio

Out of 4,337 stocks traded on BSE:

• Advanced: 1,898
• Declined: 2,289
• Unchanged: 150

This reflects a broader market tilt towards declines, with a notable number of stocks hitting 52-week highs and lows.

• 52-Week Highs: 74 stocks, including Eicher Motors, AU Small Finance Bank, Anupam Rasayan India, and Aditya Birla Capital
• 52-Week Lows: 136 stocks, including Blue Dart Express, Crompton Greaves Consumer Electricals, Dixon Technologies, Inox Wind, Page Industries, Piramal Pharma, Sapphire Foods India

Summary

The Indian stock market faced a cautious trading session on December 10, with the Sensex and Nifty 50 closing lower. Most sectoral indices declined, while a few sectors like Media, Metal, and Pharma managed marginal gains.

Investors witnessed a broad-based market decline, with large-cap and mid-cap indices reflecting global uncertainties and domestic challenges. Volumes remained strong in actively traded stocks, and several companies recorded 52-week highs and lows, highlighting market volatility.