The Indian stock market faced a sharp setback on Tuesday, December 16, as the Sensex dropped 534 points, closing at 84,679.86. The Nifty 50 also tumbled, settling at 25,860.10, down 167 points. Investors watched nervously as broader market weakness, currency fluctuations, and foreign fund outflows combined to put pressure on equities.
Market capitalisation of BSE-listed companies fell by nearly ₹4 lakh crore in a single session, sliding from ₹471 lakh crore to ₹467 lakh crore. Both midcap and small-cap segments reflected the overall weakness, with the BSE Midcap index down 0.78% and the Smallcap index losing 0.69%.
Market Performance: Why Did Sensex Fall Today?
Several factors contributed to the sudden downturn in the Indian stock market:
- Rupee Weakness: The Indian rupee touched record low levels, trading near 91 against the US dollar, raising concerns over inflation, imports, and foreign inflows.
- Global Cues: Weak global signals and declining investor sentiment abroad kept pressure on domestic markets.
- Foreign Capital Outflows: Net selling by foreign investors further intensified the market downturn.
Despite these headwinds, a few selective stocks defied the trend, highlighting the volatility and stock-specific opportunities in the Indian stock market.
Top Gainers and Losers: Snapshot from Nifty 50
While most sectors fell, some stocks managed to hold ground:
Top Nifty 50 Gainers:
- Bharti Airtel: +1.70%
- Titan Company: +1.65%
- Tata Consumer Products: +1.26%
Top Nifty 50 Losers:
- Axis Bank: -5.12%
- Eternal: -4.67%
- JSW Steel: -2.66%
Sectoral indices mirrored the overall weakness:
- Nifty Bank: -0.72%
- Financial Services Index: -0.79%
- Private Bank: -1.23%
- Realty: -1.29%
- PSU Bank: -0.89%
- IT: -0.84%
- Oil & Gas: -0.77%
Most Active Stocks and High-Volume Movers
Investors were actively trading in several stocks despite the negative sentiment:
- Vodafone Idea: 71.3 crore shares
- Meesho: 17.2 crore shares
- Tata Teleservices (Maharashtra): 13.3 crore shares
Some small-cap stocks saw sharp gains amid market turbulence:
- Amines and Plasticizers, Asahi Songwon Colors, Ampvolts, Shish Industries, PMC Fincorp, Tilak Ventures, Agri-Tech (India), and EPACK Durable jumped over 15%.
Conversely, certain stocks plunged more than 15%:
- Fabino Enterprises, Chemkart India, Allcargo Terminals, Unifinz Capital India, and Patel Engineering-RE.
Advance-Decline Ratio and 52-Week Highs/Lows
- Of 4,335 stocks traded on the BSE:
- 1,654 advanced
- 2,523 declined
- 158 remained unchanged
- 52-Week Highs: Vedanta, Hindustan Zinc, Ashok Leyland, among others
- 52-Week Lows: ACC, REC, Petronet LNG, Page Industries, Mankind Pharma
Summary: Indian Stock Market News Today
Tuesday’s session highlighted how macroeconomic pressures, currency volatility, and foreign fund movements can quickly turn the market negative. The Sensex and Nifty 50 witnessed notable declines, wiping out substantial market value. While midcap and small-cap stocks also fell, pockets of strong buying emerged in select equities, reflecting stock-specific sentiment.
The Indian stock market remains highly sensitive to rupee fluctuations, global cues, and capital flows, making active monitoring essential for investors seeking to navigate volatility.
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