BSE, MCX, Angel One, other capital market stocks fall up to 5% as Nifty closes below 25,800: What lies ahead?

The shares of capital market stocks dropped in trade sharply on December 10, as benchmark indices declined. The sharp fall in the share prices pushed the Nifty Capital Markets index down more than 2 percent.

The thematic index has now extended losses for the third consecutive session, closing at 4,482.10 on Wednesday

Indian stock markets ended the session in the red on Wednesday, as caution prevailed ahead of the US Federal Reserve FOMC meeting outcome and likely rate cut by the American central bank.

Sensex fell over 275 points (0.32 percent) to close at 84,391.27, while Nifty 50 fell nearly 82 points (0.32 percent) to end the session at 25,758. This marks the first time in around one month when NSE's benchmark index closed below the 25,800-mark.

Capital market stocks plunge:

Multi Commodity Exchange of India (MCX) shares were the top loser on the index, falling more than 5 percent to close at Rs 9,805 apiece. The shares of Bombay Stock Exchange (BSE) followed, dropping over 4 percent.

Central Depository Services (CDSL) shares fell nearly 3 percent, while Motilal Oswal Financial Services, Angel One and Computer Age Management Services (CAMS) shares fell over 2 percent each. Indian Energy Exchange (IEX) and 360 ONE WAM shares fell more than 1.5 percent each, while Kfin Technologies and UTI AMC shares fell over 1 percent each.

Nuvama shares were down nearly 1 percent. Anand Rathi Wealth and HDFC AMC shares bucked the trend to close in the green.

What lies ahead?

"Global equity markets experienced continued volatility due to rising Japanese bond yields and indications of BOJ monetary tightening, which are fostering risk-off sentiments in emerging markets. Focus now shifts to the upcoming U.S. Fed meeting, where a 25-bps rate cut is widely expected. However, internal divisions and mixed economic indicators may temper expectations for further rate cuts in 2026," said from Vinod Nair, Head of Research, Geojit Investments Limited.