BSE SMALLCAP

The benchmark stock indices extended decline on Tuesday after logging their steepest drop in more than two months in the previous session amid caution ahead of the Federal Reserve's rate decision on Wednesday.

Addtionally, the U.S. administration has signalled plans to impose tariffs on rice, imported from India, which further weighed on the sentiments.

At around 9:50 a.m., the Sensex slipped 633.90 points or 0.74 percent to 84,468.79, while the broader Nifty declined to 25,749.30, down 211.25 points or 0.81 percent.

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Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Sensex drops 600 pts, Nifty slips below 25,750: Fed jitters, Trump’s tariff threat on India’s rice exports among key factors behind market decline

Sensex Crash Today: Sensex drops 600 pts, Nifty slips below 25,750 - Fed jitters, Trump’s tariff threat on India’s rice exports among key factors behind market decline

The benchmark stock indices extended decline on Tuesday after logging their steepest drop in more than two months in the previous session amid caution ahead of the Federal Reserve's rate decision on Wednesday.

Addtionally, the U.S. administration has signalled plans to impose tariffs on rice, imported from India, which further weighed on the sentiments.

At around 9:50 a.m., the Sensex slipped 633.90 points or 0.74 percent to 84,468.79, while the broader Nifty declined to 25,749.30, down 211.25 points or 0.81 percent.

(Copy will be updated shortly)

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Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Live: Can Nifty reclaim 26,000 after RS 7.5 lakh crore selloff? | IndiGo in focus | Opening Bell

Indian benchmark indices, Sensex and Nifty, are likely to open on a negative note on December 9, with cues coming from GIFT Nifty, which was trading lower at around 25,966.50.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

The Indian benchmark started the week on a negative note, snapping a two-day winning run, with Nifty losing nearly 1 percent amid weakness in broader indices and selling across the sectors.

At close, the Sensex was down 609.68 points or 0.71 percent at 85,102.69, and the Nifty was down 225.90 points or 0.86 percent at 25,960.55. BSE midcap index shed 1.7% and smallcap index declined 2.2%.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Down)

The GIFT Nifty is trading lower at around 25,966.50, indicating a weak opening for the day.

Asian Equities (Down)

Asian shares were slightly down on Tuesday as traders grew anxious about the pace of easing by the Federal Reserve beyond this week’s near-certain rate cut.



US Equities (Down)

Wall Street's main indexes closed lower on Monday, with most S&amp;amp;P 500 industry sectors in the red, while Treasury yields gained as investors waited nervously for the Federal Reserve's monetary policy update due in two days.

The Dow Jones Industrial Average fell 215.67 points, or 0.45%, to 47,739.32, the S&amp;amp;P 500 lost 23.89 points, or 0.35%, to 6,846.51, and the Nasdaq Composite lost 32.22 points, or 0.14%, to 23,545.90.



US Bond Yield (Flat)

The yield on 10-year Treasuries was little changed at 4.16%, after hitting its highest level since September in Monday’s session, extending bond selling in Europe and Japan and supporting the dollar.



Dollar Index (Flat)

The U.S. dollar index, which measures the greenback's strength against a basket of six currencies, was last up 0.1% at 99.092, edging back from its highest level in a week.



Asian Currencies (Down)

All the Asian currencies were trading lower in the early Tuesday trade, with the Philippine Peso leading the losers, followed by the Malaysian Ringgit, the Taiwan Dollar, the Indonesian Rupiah, the South Korean Won, Japanese Yen.



Crude (Flat)

Oil prices steadied on Tuesday after slipping 2% in the previous session, as market participants kept a close eye on peace talks to end Russia’s war in Ukraine and a looming decision on U.S. interest rates.



Gold (Up)

Gold steadied, as traders looked beyond this week’s near-certain reduction in US interest rates for guidance on monetary policy next year.



Fund Flow Action

The Foreign Institutional Investors (FIIs) sold equities worth Rs 655 crore on December 8, while Domestic Institutional Investors (DIIs) bought equities of Rs 2542 crore on the same day.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Tick: Top global cues to watch in today’s trade

Aman Chowhan, the Senior Fund Manager at Abakkus AMC, expects the new age companies to continue with their high growth momentum as more users go online/digital and penetration improves.

From an investment perspective, he has a positive outlook on this sector. But at the same time, one needs to be mindful of the valuations one pays, he advised.

After the recent RBI policy outcome, Aman Chowhan feels another 25-50 bps can come in 2026, but that would be need/ event dependent.

Do you expect the rupee to weaken further against the US dollar, even in 2026?

Over the past three months, the rupee has already seen a sharp depreciation. Domestic GDP growth has picked up, forex reserves are strong, oil is still low, and the RBI stance is accommodative. We feel it is unlikely that the rupee will further weaken on its own against the dollar in 2026. We expect the USA tariff uncertainty to be addressed soon, and this will remove the overhang.

Is the lack of clarity on the trade deal impacting the currency?

Yes, delays in concluding the US trade tariff have impacted INR performance. It’s just not the delay; the expectation, too, has been reset, that the tariffs on India now will be similar or even higher than its peers. The earlier expectation was that India would have favourable tariffs.

What is your view on the RBI’s monetary policy? Do you expect rate cuts in 2026?

With the recent 25 bps rate cut RBI has already moved quite ahead in the rate cut cycle. Post the recent move, we feel another 25-50 bps can come in 2026, but that would be need/ event dependent.

Right now, inflation print is low gradually as the base effect goes away, the inflation number will inch up, hence there won't be room for big rate cuts.

Do you foresee robust growth trends in new-age companies? Are you positive on the sector?

Yes, we expect the new age companies to continue with their high growth momentum as more users go online/digital and penetration improves. From an investment perspective, we have a positive outlook on this sector, but at the same time, one needs to be mindful of the valuations one pays.

The good thing today is that many of these new-age companies have achieved EBITDA breakeven or are PAT positive. This makes them more investable for secondary market funds like Abakkus.

Do you think the earnings growth outlook is still tepid?

We expect FY27 earnings to be better than FY26. We are already seeing green shoots of recovery. A combination of tax cuts, rate cuts, and GST cuts means that the government's focus is on improving growth momentum.

We feel the government will act further if growth doesn't pick up, and this means that earnings growth, too, is likely to improve.

What could be the biggest challenge even if India signs a trade deal with the US?

The biggest challenge globally is to navigate the tepid global growth outlook. Domestically, the challenge stems from managing the Centre + State fiscal deficit. Post the tax and other cuts government has sacrificed its revenue, and that needs to be compensated. This is the challenge the government faces today.

Do you believe FPIs will resume investing in India in 2026?

Yes, Indian equities have already gone through 12 months of time correction and have underperformed peers. Valuations are now reasonable at the 10-year average. FIIs have always invested in India for its growth potential, and as growth momentum picks up, we expect FIIs to come back.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Daily Voice: Abakkus fund manager sees high-growth momentum to persist for new-age companies

Aman Chowhan, the Senior Fund Manager at Abakkus AMC, expects the new age companies to continue with their high growth momentum as more users go online/digital and penetration improves.

From an investment perspective, he has a positive outlook on this sector. But at the same time, one needs to be mindful of the valuations one pays, he advised.

After the recent RBI policy outcome, Aman Chowhan feels another 25-50 bps can come in 2026, but that would be need/ event dependent.

Do you expect the rupee to weaken further against the US dollar, even in 2026?

Over the past three months, the rupee has already seen a sharp depreciation. Domestic GDP growth has picked up, forex reserves are strong, oil is still low, and the RBI stance is accommodative. We feel it is unlikely that the rupee will further weaken on its own against the dollar in 2026. We expect the USA tariff uncertainty to be addressed soon, and this will remove the overhang.

Is the lack of clarity on the trade deal impacting the currency?

Yes, delays in concluding the US trade tariff have impacted INR performance. It’s just not the delay; the expectation, too, has been reset, that the tariffs on India now will be similar or even higher than its peers. The earlier expectation was that India would have favourable tariffs.

What is your view on the RBI’s monetary policy? Do you expect rate cuts in 2026?

With the recent 25 bps rate cut RBI has already moved quite ahead in the rate cut cycle. Post the recent move, we feel another 25-50 bps can come in 2026, but that would be need/ event dependent.

Right now, inflation print is low gradually as the base effect goes away, the inflation number will inch up, hence there won't be room for big rate cuts.

Do you foresee robust growth trends in new-age companies? Are you positive on the sector?

Yes, we expect the new age companies to continue with their high growth momentum as more users go online/digital and penetration improves. From an investment perspective, we have a positive outlook on this sector, but at the same time, one needs to be mindful of the valuations one pays.

The good thing today is that many of these new-age companies have achieved EBITDA breakeven or are PAT positive. This makes them more investable for secondary market funds like Abakkus.

Do you think the earnings growth outlook is still tepid?

We expect FY27 earnings to be better than FY26. We are already seeing green shoots of recovery. A combination of tax cuts, rate cuts, and GST cuts means that the government's focus is on improving growth momentum.

We feel the government will act further if growth doesn't pick up, and this means that earnings growth, too, is likely to improve.

What could be the biggest challenge even if India signs a trade deal with the US?

The biggest challenge globally is to navigate the tepid global growth outlook. Domestically, the challenge stems from managing the Centre + State fiscal deficit. Post the tax and other cuts government has sacrificed its revenue, and that needs to be compensated. This is the challenge the government faces today.

Do you believe FPIs will resume investing in India in 2026?

Yes, Indian equities have already gone through 12 months of time correction and have underperformed peers. Valuations are now reasonable at the 10-year average. FIIs have always invested in India for its growth potential, and as growth momentum picks up, we expect FIIs to come back.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sensex Today | Stock Market LIVE Updates: All the sectoral indices are trading in the red with auto, metal, realty, consumer durables down 1% each. BSE Midcap and smallcap indices down 1% each. HUL, Bharti Airtel, Titan Company are among major gainers on the Nifty, while losers are Asian Paints, Trent, Hindalco, Shriram Finance, Jio Financial.

Stock Market LIVE Updates: Sensex slips 630 pts, Nifty at 25,750; all sectors in the red

Live Blog

Sensex Today | Stock Market LIVE Updates: All the sectoral indices are trading in the red with auto, metal, realty, consumer durables down 1% each. BSE Midcap and smallcap indices down 1% each. HUL, Bharti Airtel, Titan Company are among major gainers on the Nifty, while losers are Asian Paints, Trent, Hindalco, Shriram Finance, Jio Financial.

10 out of 17 years BSE SMALLCAP has given positive returns in December.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	50,748.01	51,528.88	51,988.84	50,288.05	49,507.18	49,047.22	48,266.35
Fibonacci	50,762.05	51,054.88	51,528.88	50,288.05	49,814.05	49,521.22	49,047.22
Camarilla	50,080.88	50,194.63	50,308.37	50,288.05	49,853.40	49,739.65	49,625.91

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