Closing Bell: Sensex slips 533 pts, Nifty below 25,900; metal, IT, financials top drags

Indian equity indices ended on a negative note with Nifty at 25,900 on December 16. At close, the Sensex was down 533.50 points or 0.63 percent at 84,679.86, and the Nifty was down 167.20 points or 0.64 percent at 25,860.10.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

The Nifty index began the day on a gap-down note, witnessed sustained selling pressure, and eventually settled on a negative note at 25,860, forming a bearish candle on the daily chart that reflects weakness. Trend line support for Nifty is placed near the 25,750 level, while the 50‑DEMA support is placed near 25,760. A firm break below 25,750 could extend the weakness. On the upside, 26,100 will act as an immediate hurdle, followed by 26,325. Thus, short-term traders are advised to book profits on bounce.

The Bank Nifty index opened on a gap-down note, witnessed selling pressure throughout the day, and settled on a bearish note at 59,035. Technically, on the daily chart, Bank Nifty formed a red candle, indicating weakness. On the downside, 58,800–58,900 will act as an immediate support zone for Bank Nifty, and a firm break below 58,800 could extend the weakness towards the 58,500–58,000 levels. On the upside, 60,000–60,120 will act as a stiff resistance zone for the index. Therefore, short-term traders are advised to book profits on every bounce.

After showing a sustainable upside recovery from the lows on Monday, Nifty slipped into sharp weakness on Tuesday amidst weak global cues and closed the day lower by 167 points. After opening on a downside gap of 75 points, the market continued to slide lower in the early to midpart of the session. However, there was a minor recovery towards the end and Nifty finally closed at the lows.

A reasonable negative candle was formed on the daily chart, which signals an inability of bulls to surpass the key hurdle of 26000 levels. The negative chart pattern like lower highs and lows has formed on the daily chart and the Nifty seems to have formed a new lower top of the pattern at 26057 levels few sessions back.

The underlying trend of Nifty remains choppy with weak bias. The market is expected to slide down to its next support band of 25800-25700 levels in the short term. Any bounce back from here could find strong hurdle around 26000 levels.

Markets traded in a narrow range on the weekly expiry day and ended lower by 0.64%, tracking weak global and domestic cues. Following a gap-down start, the Nifty oscillated within a tight band for most of the session and eventually settled near the day’s low at 25,860.10. Sectoral performance was largely negative, with realty, IT and financials emerging as the top laggards, while FMCG and auto closed almost unchanged. The broader markets remained under pressure in line with the benchmarks, with both midcap and smallcap indices declining by around 1% each.

Sentiment was weighed down by the rupee breaching historic lows and crossing the 91 mark against the US dollar, amid persistent foreign outflows and uncertainty around external trade dynamics, which kept investors cautious. In addition, lacklustre global cues further dampened risk appetite. That said, selective buying in heavyweight stocks and the scheduled weekly expiry helped cap the extent of the decline.

We maintain our consolidation view on the Nifty; however, continued deterioration in the currency could widen the trading range and potentially drag the index below the previous swing low near 25,700. On the upside, the 26,000–26,100 zone remains a key hurdle.

In the current environment, we continue to recommend a stock-specific trading approach, with a preference for hedged positions given the prevailing volatility and choppy market conditions.

On Tuesday, the benchmark Nifty index opened with a sharp gap down and continued to head lower through the session, ultimately closing at 25860 with a decline of 0.64%. The index also formed a sizeable bearish candle, highlighting persistent selling pressure, and importantly slipped below its 20 day EMA, indicating weakening short term sentiment. The overall structure reflected a clear risk off mood across the broader market.

Among Nifty constituents, Bharti Airtel and Titan managed to buck the weakness and ended as the top gainers, showing relative strength. However, the Axis Bank and Eternal ended on a negative note. Sectorally, the performance was largely muted, with almost all indices ending lower except Nifty Media and Nifty Consumer Durables. Notably, Nifty Realty and Nifty Private Bank were the worst performers.

The broader markets too mirrored this negative sentiment, as both Nifty Midcap 100 and Nifty Small Cap 100 underperformed the frontline index, falling 0.83% and 0.92% respectively, and forming sizeable bearish candles. Market breadth remained deeply negative, with the advance–decline ratio tilting sharply in favour of declines. From the Nifty 500 universe, as many as 402 stocks closed in the red, underscoring broad based selling across sectors and market caps.

Nifty View

Going ahead, for Nifty, the 50-day EMA zone of 25750-25700 will act as important support. If the index slips below the 25700 level, it could trigger a further correction upto the 25550 level. On the upside, the 20-day EMA zone of 25950-26000 will act as a crucial hurdle for the index. Any sustainable move above the 26000 will lead to an upside rally upto the 26150 level.

Bank Nifty View

The banking benchmark index, Bank Nifty, closed below its 20 day EMA, signalling a loss of near term momentum. More importantly, the daily RSI faced stiff resistance near the 60 mark, indicating that the momentum range is shifting from bullish to sideways as per RSI range shift principles. This suggests that buying strength is weakening, and the index may now enter a consolidation phase unless it reclaims key resistance zones with strong follow through.

Going ahead, 58700-58600 will act as important support for the index as the prior swing low is placed in that region. Any sustainable move below the 58600 will lead to further correction up to the 58000 level in the short term. While on the upside, the zone of 59300-59400 will act as an important hurdle for the index.

Today, the Indian equity markets closed lower as selling pressure continued across sectors. The Sensex fell by around 533 points to close at 84,679, while the Nifty 50 slipped by 167 points and closed at 25,860. Overall sentiment remained weak due to ongoing macro concerns and sustained foreign fund outflows, which are weighing on near-term market confidence.

In December alone, FIIs have sold more than Rs. 21,000 crore worth of Indian equities, making it the highest monthly outflow this year. This heavy selling has also put pressure on the rupee, which fell to a record low of 91.05 against the USD and is down about 6% so far this year. Weak global cues added to the negativity, with major Asian markets such as Japan and South Korea falling up to 2 percent, while investors remained cautious ahead of key US jobs data.

On the stock specific front, the RBI approved HDFC Bank to raise its combined group holding in IndusInd Bank up to 9.5% for one year. However, the market viewed this as a regulatory and defensive step rather than a strategic move, leading to mild declines in both stocks. RBL Bank also remained in focus after its CFO resigned, though the bank confirmed an interim replacement, limiting the impact. Vedanta was a key gainer after the NCLT approved its demerger plan, pushing the stock up nearly 3.5%. Most sectors ended lower, with metals, IT, oil and gas, and PSU banks down about 1%. Market breadth stayed negative, reflecting broad based weakness as liquidity remains tight due to ongoing IPO activity.

The day favored the bears as the Nifty remained below the key 200 SMA on the hourly chart throughout the session. Additionally, the index failed to retest the morning high, indicating complete control by the bears.

On the downside, the support at 25,870 was breached, intensifying bearish sentiment in the market.

In the short term, the index may drift lower towards 25,700 and lower. On the upside, the 25,950–26,000 zone is likely to act as a crucial resistance in the near term.

On Tuesday’s session, Bank Nifty ended on a cautious note, forming a bearish candlestick and closing below its 10-day and 20-day SMAs, reflecting short-term pressure. The RSI is making lower tops, which highlights weakening momentum and lack of buying strength. Overall, the chart structure appears slightly weak. The index has crucial support at 58,800; a decisive close below this could open downside towards its 50-day SMA placed in the 58,300–58,200 zone. On the upside, immediate resistance lies at 59,300 and 59,500 levels. A sustainable bullish view is advisable only if the index manages a closing above 59,500.

Continued INR weakness to fresh record lows, driven by persistent FII outflows and subdued global sentiments, dragged domestic markets into negative territory. Small and mid-caps lagged large caps, with IT, metals, banking, and realty leading losses, while consumption stocks offered limited support.

Volatility is expected to remain elevated amid currency fluctuations and uncertainty over foreign inflows. Progress on the US–India trade deal and rupee stabilisation will be critical, while softer commodity prices and improving earnings visibility provide a constructive medium-term backdrop.

The continuous downward pressure from foreign fund outflows and persistent risk-aversion have pushed the Indian Rupee to fresh historic lows, completely ignoring the support, participants have expected from better-than-anticipated trade data.

The immediate scramble for the dollar ahead of the US job report is amplifying volatility. However, given the sharpness of the recent depreciation, we expect the Rupee to attempt to consolidate in the coming sessions, likely trading within a technical range defined by support at 90.50 and resistance at 91.45.

Indian rupee ended 30 paise lower at 91.03 per dollar on Tuesday versus previous close of 90.73.

Indian equity indices ended on a negative note with Nifty below 25,900 on December 16.

At close, the Sensex was down 533.50 points or 0.63 percent at 84,679.86, and the Nifty was down 167.20 points or 0.64 percent at 25,860.10. About 1573 shares advanced, 2412 shares declined, and 154 shares unchanged.

Axis Bank, Eternal, HCL Technologies, Tata Steel, JSW Steel were among major losers on the Nifty, while gainers were Bharti Airtel, Tata Consumer, Titan Company, M&M, Bajaj Auto.

Except Consumer Durables, FMCG and telecom, all other sectoral indices ended in the red with realty, oil & gas, metal, IT, PSU Bank, Private Bank down 0.5-1%.

BSE Midcap and smallcap indices down nearly 1 percent each.

#1 Cheaper ins via deferred commissions brings near-term pain & long-term gains

#2 Prefer Indian life insurers for modest growth and attractive valuations

#3 Market Perform: ICICI Prudential Life & LIC

#4 Outperform: PB Fintech for leadership in term & health insurance & a strong online franchise

#1 Efficient cost of funds management via refinancing & TD repricing, with CRR cuts boosting lending liquidity

#2 Deposit growth expected to outpace credit growth over the medium term

#3 Growth engines to track industry average in FY26 & outperform by FY27 on strong momentum & disciplined pricing

#4 New customer acquisition & branch maturation to drive faster deposit growth than the system

HDFC Bank was quoting at Rs 993.80, down Rs 2.05, or 0.21 percent.

It has touched an intraday high of Rs 998.55 and an intraday low of Rs 991.

It was trading with volumes of 794,569 shares, compared to its five day average of 584,341 shares, an increase of 35.98 percent.

In the previous trading session, the share closed down 0.43 percent or Rs 4.35 at Rs 995.85.

The share touched a 52-week high of Rs 1,020.35 and a 52-week low of Rs 812.13 on 23 October, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 2.6 percent below its 52-week high and 22.37 percent above its 52-week low.

Market capitalisation stands at Rs 1,528,713.90 crore.

Nephrocare Health Services is a leading organised provider of dialysis and renal care services in India, operating an extensive network of clinics across both domestic and select international markets.

The company delivers comprehensive dialysis care from diagnosis and in-clinic treatments to home and mobile dialysis services and has established a significant presence in Tier-2 and Tier-3 cities through strategic partnerships and asset-light operations.

The initial public offering (IPO) of Nephrocare Health Services, with a price band of Rs 438–460 per share, witnessed strong investor interest and was subscribed approximately 13.96 times.

Market indicators suggest that GMP has risen into positive territory, with grey market premiums reported up to around Rs 37–38 per share, implying a potential 8% pre-listing upside over the IPO price band, reflective of moderately positive sentiment.

BEML was quoting at Rs 1,711.60, down Rs 30.40, or 1.75 percent.

It has touched an intraday high of Rs 1,742.60 and an intraday low of Rs 1,700.

It was trading with volumes of 9,782 shares, compared to its five day average of 19,523 shares, a decrease of -49.89 percent.

In the previous trading session, the share closed up 3.17 percent or Rs 53.45 at Rs 1,742.00.

The share touched a 52-week high of Rs 2,437.43 and a 52-week low of Rs 1,173.18 on 23 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 29.78 percent below its 52-week high and 45.89 percent above its 52-week low.

Market capitalisation stands at Rs 14,255.75 crore.

QIB – 0.00 times

NII - 0.05 times

Retail – 0.23 times

Overall – 0.12 times

Coforge has filed second motion petition with the Hon’ble NCLT in connection with the proposed scheme of amalgamation of Cigniti Technologies with and into Coforge and their respective shareholders, for its approval.

COFORGE was quoting at Rs 1,856.40, down Rs 14.00, or 0.75 percent.

It has touched an intraday high of Rs 1,870.35 and an intraday low of Rs 1,842.00.

It was trading with volumes of 13,515 shares, compared to its five day average of 54,680 shares, a decrease of -75.28 percent.

QIB – 52.65 times

NII - 20.23 times

Retail – 2.11 times

Shareholder Portion - 8.79 times

Overall – 19.62 times

#1 Q2 corporate growth slowed due to accelerated PSU loan repayments

#2 Mortgages, unsecured lending & business banking remain strong

#3 NIMs to stay rangebound as deposit repricing gains are offset by lower investment yields, KCC slippages in Q3 & repo cut impact in 4Q

#4 MSME & business banking asset quality remains stable with limited export credit stress

#5 MD & CEO term renewal due in Oct 2026 is closely watched, with a formal announcement required six months prior

ICICI Bank was quoting at Rs 1,364.50, down Rs 0.70, or 0.05 percent.

Park Medi World is a prominent player in the Indian healthcare and wellness sector, with a strong focus on delivering affordable healthcare services and medical technologies.

The company has rapidly expanded its presence across Tier-2 and Tier-3 cities, where it has established itself as a trusted provider of medical facilities and healthcare products.

Over the past three years, Park Medi World has reported robust revenue growth, supported by an expanding network and rising demand for healthcare services.

In FY25, the company is expected to turn Free Cash Flow (FCF) positive, although reported net profit may remain negative due to continued investments in infrastructure expansion and technology upgrades.

The public issue has received a strong response from both institutional and retail investors, with overall subscription standing at approximately 8.52x. Additionally, the grey market premium (GMP) is trading at around 2–3%, reflecting positive pre-listing sentiment and expectations of a stable to moderately positive listing on the stock exchanges.

#1 Corporate lending shows improved traction, while retail is recovering though sustainability needs monitoring

#2 Card stress is easing, personal loans are stabilising & export-oriented MSMEs show no stress

#3 Gross slippages to see seasonal Q3 volatility from agri CC/OD, less severe than Q1

#4 NIMs expected to bottom in Q4 or Q1, with a shallow c-shaped recovery to around 3.8 percent over 15-18 months

#5 Focus remains on positive operating leverage with declining cost-to-assets

#6 Fee-to-asset ratio optimisation remains constrained

The Sensex was down 405.56 points or 0.48 percent at 84,807.80, and the Nifty was down 128.75 points or 0.49 percent at 25,898.55. About 1470 shares advanced, 2276 shares declined, and 133 shares unchanged.

#1 Expect the industry repair phase to continue in the near term

#2 In medium-term, multiple levers could drive ARPU growth to mid-single digits, supporting double-digit India EBITDA growth

#3 Return ratio profile expected to improve sustainably to over 20 percent

#4 A tariff hike is likely in Q1FY27, with the stock reflecting this in the coming months

QIB – 0.00 times

NII - 0.04 times

Retail – 0.19 times

Overall – 0.10 times

QIB – 21.88 times

NII - 16.82 times

Retail – 1.78 times

Shareholder Portion - 7.32 times

Overall – 10.51 times

Indian rupee has erased some of the intraday losses but still trading lower at 90.98 per dollar versus previous close of 90.73.

#1 Around 30 percent of portfolio faces near-term macro headwinds, pressuring growth & EBITDA margin

#2 Glassware scaling challenging amid competition, likely capping EBITDA margin near 25 percent versus guidance

#3 FY28E EBITDA & PAT estimates are 26 percent & 22 percent below consensus, with further downgrades possible

#4 Valuation remains unattractive at 32x FY28 PE vs a two-year average of 34x

The company has secured Rs 86.50 crore (excluding tax amount) service order from Dalmia Cement (Bharat) for execution of main plant civil works contract for post -Clinkerization work at Kadapa L2, Andhra Pradesh.

Goel Construction Company was quoting at Rs 310, up Rs 7, or 2.31 percent.

It has touched a 52-week low of Rs 291.10.

It has touched an intraday high of Rs 323 and an intraday low of Rs 291.10.

#1 In the domestic motorcycle market, management aims to regain lost market share

#2 Export demand is expected to remain strong, supported by healthy growth in Latin American & Asian Markets

#3 In 2W & 3W EVs, company targets leadership with another chetak launch next year & recently launched E-Rik & Riki

#4 Company remains the only player close to EBITDA break-even in 2W EVs

#5 Currency depreciation is likely to provide margin support in the coming quarters

The Sensex was down 430.62 points or 0.51 percent at 84,782.74, and the Nifty was down 134.75 points or 0.52 percent at 25,892.55. About 1473 shares advanced, 2197 shares declined, and 148 shares unchanged.

#1 Acquisitions of B&K & ET Money, with UBS collaboration, created a full-stack wealth ecosystem boosting client stickiness & revenue diversification

#2 B&K enhances fundraising, UBS strengthens offshore offerings

#3 ET money provides a scalable digital platform to acquire younger & HNI clients cost-effectively

#4 Company expected to achieve FY25-28 revenue & PAT CAGR of 20 percent & 21 percent

QIB – 0.00 times

NII - 0.03 times

Retail – 0.16 times

Overall – 0.09 times

Further sharp weakness in rupee was not expected today since the November trade data has come better-than-expected. Covering of short positions may be a factor in today’s decline. Sustained FII selling is acting like a vicious cycle pulling the rupee down.

Normally when rupee declines, the RBI intervenes by selling dollars to stem the decline of the rupee. But recently the RBI’s policy has been to let the currency decline. Low inflation in India ( 0.71% in November ) is the reason for this non-intervention by the central bank. Rupee depreciation is not hurting the economy.

India’s November trade deficit declining to $24.53 billion from 41.68 billion in October is positive for the rupee.

QIB – 7.45 times

NII - 12.75 times

Retail – 1.52 times

Shareholder Portion - 6.27 times

Overall – 5.66 times

The company has received an order worth Rs 615.69 crore from Sattva CKC. The order involves structural and civil work for a commercial project, to be completed within 31 months.

BL Kashyap & Sons was quoting at Rs 53.75, up Rs 0.56, or 1.05 percent.

It has touched an intraday high of Rs 57.66 and an intraday low of Rs 53.41.

It was trading with volumes of 516,346 shares, compared to its five day average of 16,528 shares, an increase of 3,024.14 percent.

In the previous trading session, the share closed up 4.48 percent or Rs 2.28 at Rs 53.19.

The share touched a 52-week high of Rs 84.40 and a 52-week low of Rs 42.71 on 08 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 36.32 percent below its 52-week high and 25.85 percent above its 52-week low.

Market capitalisation stands at Rs 1,211.74 crore.

RailTel Corporation of India has received the work order from Office Of The Registrar General & Census Commissioner, India (Orgi) of Rs 148 crore.

Railtel Corporation of India was quoting at Rs 335.85, down Rs 0.00, or 0.00 percent.

It has touched an intraday high of Rs 336.60 and an intraday low of Rs 330.95.

It was trading with volumes of 35,599 shares, compared to its five day average of 365,994 shares, a decrease of -90.27 percent.

In the previous trading session, the share closed up 1.90 percent or Rs 6.25 at Rs 335.85.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 29.86 percent below its 52-week high and 26.59 percent above its 52-week low.

Market capitalisation stands at Rs 10,778.72 crore.

#1 Company has become a lifestyle platform, with 15 percent revenue from adjacent categories

#2 Consignment-led, asset-light model boosts pricing, margin, cash flow & expands RoE/RoIC to 25 percent/28 percent

#3 Positioned to deliver FY26–28 CAGR of 13 percent/25 percent/32 percent in revenue, pre-ind as EBITDA & PAT

Arvind Fashions Limited was quoting at Rs 517.75, up Rs 24.05, or 4.87 percent.

The Sensex was down 492.67 points or 0.58 percent at 84,720.69, and the Nifty was down 151.50 points or 0.58 percent at 25,875.80. About 1466 shares advanced, 2109 shares declined, and 149 shares unchanged.

Cera Sanitaryware was quoting at Rs 5,341.35, up Rs 156.45, or 3.02 percent.

It has touched an intraday high of Rs 5,369 and an intraday low of Rs 5,135.50.

It was trading with volumes of 1,515 shares, compared to its five day average of 7,206 shares, a decrease of -78.98 percent.

In the previous trading session, the share closed down 1.44 percent or Rs 75.75 at Rs 5,184.90.

The share touched a 52-week high of Rs 7,790.25 and a 52-week low of Rs 5,062 on 17 December, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 31.44 percent below its 52-week high and 5.52 percent above its 52-week low.

Market capitalisation stands at Rs 6,889.03 crore.

QIB – 0.00 times

NII - 0.03 times

Retail – 0.11 times

Overall – 0.06 times

#1 Looked at free cash flow trends across global retailers such as Walmart, Costco & BIM

#2 Early expansion years typically see negative free cash flow due to rapid store additions

#3 As expansion normalises, free cash flow turns strongly positive

#4 DMart could follow a similar trajectory once store additions stabilise

#5 India’s consumption outlook remains strong & DMart has a deeply moated business model

Avenue Supermarts was quoting at Rs 3,901.45, up Rs 76.05, or 1.99 percent.

QIB – 6.33 times

NII - 10.30 times

Retail – 1.31 times

Shareholder Portion - 5.11 times

Overall – 4.70 times

The rupee extended its slide on December 16 by trading at new record low of 91.05 against US dollar on continuous headwinds such as lack of clarity on the progress in trade deal with the US and persistent capital outflows.

The logistics provider has announced the launch of its on-demand intracity shipping service on the Delhivery Direct app for customers in Mumbai and Hyderabad.

The service offers pickups within 15 minutes of booking.

Delhivery was quoting at Rs 402.50, down Rs 4.90, or 1.20 percent.

It has touched an intraday high of Rs 410 and an intraday low of Rs 402.20.

It was trading with volumes of 48,616 shares, compared to its five day average of 32,308 shares, an increase of 50.48 percent.

Meesho is up 11% today and is currently trading around INR 190. The stock is now 71% above its IPO upper band of INR 111 and 23% above recent lows of INR 154. We remain the only sell-side broker with active coverage on the stock.

Our base-case target price of INR 200 implies limited near-term upside from current levels, while our bull-case valuation of INR 234 reflects stronger-than-expected improvements in monetisation, operating leverage and execution on the path to profitability.

Water management firm Ion Exchange India shares rise 7.45% to Rs 410.65 apiece, highest level since September 25, as company gets utility and water generation contracts totaling Rs 205 crore from two energy firms.

Shares of Adani Power up 0.3% to Rs 144.81 after Antique initiates coverage with "buy" rating and target price Rs 187, sees multi‑year earnings upcycle.

Brokerage cites 2.3x capacity expansion to 41.9 GW by FY33E, led by 23.72 GW under construction across brownfield and greenfield projects.

Shares of Mahanagar Telephone Nigam Ltd rise as much as 9.4% to Rs 39.58 as company approved sale of residential property at Mumbai for Rs 351 crore.

Stock on track to snap two consecutive days of losses.

Shares of Cello World fall nearly 2% to Rs 561 apiece as brokerage Investec initiated coverage of consumer products and stationery maker with "sell" rating and price target of Rs 530.

Investec cited adverse near-term headwinds from competition and US tariffs affecting opalware, vacuum flasks, and stationery exports that make up 30% of portfolio.

Leela Palaces shares rose 2% on December 16 as ICICI Securities initiated coverage on the stock with "buy" and price target of Rs 600, which implies nearly 50% upside.

ICICI Securities cites strong growth driven by luxury positioning and expanding portfolio for its bullish outlook.

Leela's Dubai investment - 25% stake in luxury beachfront property Palm Jumeirah - is expected to generate annual management fee of up to Rs 60 crore FY28 onwards, the brokerage said.

Supreme Industries was quoting at Rs 3,385.80, up Rs 111.35, or 3.40 percent.

It has touched an intraday high of Rs 3,397 and an intraday low of Rs 3,281.10.

It was trading with volumes of 18,252 shares, compared to its five day average of 107,243 shares, a decrease of -82.98 percent.

In the previous trading session, the share closed up 1.56 percent or Rs 50.30 at Rs 3,274.45.

The share touched a 52-week high of Rs 5,153.40 and a 52-week low of Rs 3,020 on 18 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 34.3 percent below its 52-week high and 12.11 percent above its 52-week low.

Market capitalisation stands at Rs 43,008.76 crore.

The Sensex was down 454.82 points or 0.53 percent at 84,758.54, and the Nifty was down 127.20 points or 0.49 percent at 25,900.10. About 1467 shares advanced, 1971 shares declined, and 164 shares unchanged.

The shares of Axis Bank declined more than 4 percent on December 16, after Citi Research in its latest report said that the lender's net interest margin recovery will likely be delayed to Q4FY26 or Q1FY27, instead of the ongoing Q3FY26. Read More

The company has received an order worth Rs 16.53 crore from a customer for the supply, installation, customization, and maintenance of a digital lending platform.

Newgen Software Technologies was quoting at Rs 858.90, down Rs 3.10, or 0.36 percent.

It has touched an intraday high of Rs 873.45 and an intraday low of Rs 855.30.

It was trading with volumes of 9,368 shares, compared to its five day average of 22,868 shares, a decrease of -59.03 percent.

In the previous trading session, the share closed up 0.52 percent or Rs 4.45 at Rs 862.00.

The share touched a 52-week high of Rs 1,795.50 and a 52-week low of Rs 740.05 on 15 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 52.16 percent below its 52-week high and 16.06 percent above its 52-week low.

Market capitalisation stands at Rs 12,223.67 crore.

Shardul Doshi has been appointed as the Chief Financial Officer (CFO) of the company and its subsidiary, effective December 15.

Westlife Foodworld was quoting at Rs 538.35, down Rs 8.20, or 1.50 percent.

It has touched an intraday high of Rs 545 and an intraday low of Rs 538.35.

In the previous trading session, the share closed down 0.55 percent or Rs 3.05 at Rs 546.55.

The share touched a 52-week high of Rs 890.60 and a 52-week low of Rs 534 on 04 February, 2025 and 19 November, 2025, respectively.

Currently, the stock is trading 39.55 percent below its 52-week high and 0.81 percent above its 52-week low.

Market capitalisation stands at Rs 8,394.82 crore.

Lupin today announced that its greenhouse gas (GHG) emissions reduction targets have been officially validated by the Science

Based Targets initiative (SBTi).

These validations cover all three emission scopes – Scope 1, Scope 2, and Scope 3 - aligning with the Paris Agreement to limit global temperature rise to 1.5°C.

Lupin was quoting at Rs 2,084.25, down Rs 5.90, or 0.28 percent.

Vibhor Steel Tubes has received new work order from YNM Pan Global Trade Private Limited for the supply of Metal Crash Barriers worth Rs 7.43 crores approximately.

Vibhor Steel Tubes was quoting at Rs 134.90, up Rs 0.85, or 0.63 percent.

It has touched an intraday high of Rs 136.35 and an intraday low of Rs 134.90.

In the previous trading session, the share closed up 5.93 percent or Rs 7.50 at Rs 134.05.

The share touched a 52-week high of Rs 233 and a 52-week low of Rs 117.60 on 17 December, 2024 and 09 December, 2025, respectively.

Currently, the stock is trading 42.1 percent below its 52-week high and 14.71 percent above its 52-week low.

Market capitalisation stands at Rs 255.80 crore.

Shardul Doshi has been appointed as the Chief Financial Officer (CFO) of the company and its subsidiary, effective December 15.

Westlife Foodworld was quoting at Rs 540, down Rs 6.55, or 1.20 percent.

It has touched an intraday high of Rs 545 and an intraday low of Rs 540.00.

In the previous trading session, the share closed down 0.55 percent or Rs 3.05 at Rs 546.55.

The share touched a 52-week high of Rs 890.60 and a 52-week low of Rs 534 on 04 February, 2025 and 19 November, 2025, respectively.

Currently, the stock is trading 39.37 percent below its 52-week high and 1.12 percent above its 52-week low.

Market capitalisation stands at Rs 8,420.55 crore.

Somany Ceramics was quoting at Rs 418.40, down Rs 1.65, or 0.39 percent.

It has touched an intraday high of Rs 420.05 and an intraday low of Rs 417.15.

In the previous trading session, the share closed up 0.84 percent or Rs 3.50 at Rs 420.05.

The share touched a 52-week high of Rs 685.40 and a 52-week low of Rs 396.05 on 17 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 38.96 percent below its 52-week high and 5.64 percent above its 52-week low.

Market capitalisation stands at Rs 1,715.98 crore.

HSBC December Manufacturing PMI 55.7

The company’s US subsidiary, Sentynl Therapeutics, Inc., has announced that the US Food and Drug Administration (FDA) has accepted the resubmission of its New Drug Application (NDA) for copper histidinate (CUTX-101).

CUTX-101 is used to treat Menkes disease in pediatric patients.

The resubmission has been accepted as a Class I response, and as a result, the company has received January 14, 2026, as the new PDUFA date.

Zydus Lifesciences was quoting at Rs 921.40, up Rs 0.15, or 0.02 percent.

Following the resignation of Devender Gupta from the position of Chief Financial Officer, effective December 15, the Board has appointed Vinod Goel as Chief Financial Officer, effective December 16.

Vinod Goel is currently acting as Group CFO and Head – Legal & Company Secretary, as well as Compliance Officer of the company. He will be designated as Group Chief Financial Officer and Head – Legal & Corporate Governance.

Panacea Biotec was quoting at Rs 355.50, down Rs 1.85, or 0.52 percent.

The hotel chain has announced the signing of its latest property—Lemon Tree Hotel, Bandipur, Nepal.

The property will be managed by its subsidiary, Carnation Hotels, and will feature 80 well-appointed rooms.

Comex Gold extended its winning streak in the last session, with the yellow metal rallying to settle above $4,300 level for the first time since Oct’25. Weakness in the dollar index and growing concerns over a potential AI bubble in US markets prompted investors to gravitate towards safe-haven assets.

This week, traders are closely watching a series of key US economic releases for further clues on the Federal Reserve’s interest rate trajectory. Market focus remains firmly on the jobs report due today evening and the inflation data scheduled for Thursday. In the Domestic market resistance is placed around 134500 level. Breakout above the mentioned level may push prices higher towards 135500.

The company has received contracts worth Rs 205 crore from Rayzon Energy and INOX Solar.

It has received an order worth Rs 95 crore from Rayzon Energy for process and utility systems required for its 5.1 GW PV solar project coming up at Kathwada, Surat, including an ultrapure water system, ETP, and ZLD.

The contract awarded by INOX Solar amounts to approximately Rs 110 crore and includes ultrapure water generation, wastewater treatment systems, and zero liquid discharge solutions.

Ion Exchange (India) was quoting at Rs 405.80, up Rs 23.15, or 6.05 percent.

It has touched an intraday high of Rs 416.25 and an intraday low of Rs 388.85.

It was trading with volumes of 374,228 shares, compared to its five day average of 32,230 shares, an increase of 1,061.12 percent.

In the previous trading session, the share closed up 8.97 percent or Rs 31.50 at Rs 382.65.

The share touched a 52-week high of Rs 737 and a 52-week low of Rs 331.25 on 17 December, 2024 and 09 December, 2025, respectively.

Currently, the stock is trading 44.94 percent below its 52-week high and 22.51 percent above its 52-week low.

Market capitalisation stands at Rs 5,951.73 crore.

The Sensex was down 436.81 points or 0.51 percent at 84,776.55, and the Nifty was down 129.95 points or 0.50 percent at 25,897.35. About 1466 shares advanced, 1710 shares declined, and 149 shares unchanged.

The company has acquired a new residential high-rise project in Whitefield, Bengaluru, with a total estimated saleable area of 4.6 lakh sq. ft. and a top-line potential of Rs 550 crore. The project has been acquired on an outright basis.

Arvind SmartSpaces was quoting at Rs 596.90, up Rs 10.00, or 1.70 percent.

It has touched an intraday high of Rs 602.10 and an intraday low of Rs 591.45.

It was trading with volumes of 7,154 shares, compared to its five day average of 5,637 shares, an increase of 26.91 percent.

In the previous trading session, the share closed down 1.62 percent or Rs 9.65 at Rs 586.90.

The share touched a 52-week high of Rs 992.30 and a 52-week low of Rs 567.30 on 19 December, 2024 and 25 November, 2025, respectively.

Currently, the stock is trading 39.85 percent below its 52-week high and 5.22 percent above its 52-week low.

Market capitalisation stands at Rs 2,737.80 crore.

Bennett Coleman and Company (BCCL) has entered into advertisement agreement with the company for advertising of company and its subsidiaries products, services and brands in Media.

Zaggle Prepaid Ocean Services was quoting at Rs 346.25, down Rs 0.05, or 0.01 percent.

It has touched an intraday high of Rs 347.85 and an intraday low of Rs 344.75.

It was trading with volumes of 12,480 shares, compared to its five day average of 1,113,394 shares, a decrease of -98.88 percent.

In the previous trading session, the share closed down 0.55 percent or Rs 1.90 at Rs 346.30.

The share touched a 52-week high of Rs 591.40 and a 52-week low of Rs 298.65 on 17 December, 2024 and 09 April, 2025, respectively.

Currently, the stock is trading 41.45 percent below its 52-week high and 15.94 percent above its 52-week low.

Market capitalisation stands at Rs 4,655.40 crore.