Closing Bell: Nifty above 26,000, Sensex flat in volatile session; autos drag, media shine

Indian equity indices ended with marginal losses in the volatile trade on December 15. At close, the Sensex was down 54.30 points or 0.06 percent at 85,213.36, and the Nifty was down 19.65 points or 0.08 percent at 26,027.30.

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.

After showing a sustainable up move in the last couple of sessions, Nifty shifted into a smart recovery from the lows amidst range movement on Monday and closed the day off the lows. After opening on a weak note, the market slipped further decline soon after the opening. A sustainable buying has emerged from the support of 25900 levels in the early part and the recovery continued in the mid to later part of the session with range bound action.

A reasonable green candle was formed on the daily chart below the crucial overhead resistance of down sloping trend line at 26000 levels. This market action indicates an attempt of breakout of crucial overhead resistance around 26000-26100 levels. This is positive indication.

The underlying trend of Nifty continues to be positive. The repeated testing of hurdle could eventually result in Nifty breaking decisively above the key resistance of 26000-26100 levels in the short term. A sustainable breakout of the resistance is expected to open the upside target of around 26300-26400 in the near term. Immediate support is placed at 25900.

Markets traded in a volatile manner on Monday and eventually ended almost unchanged, extending the ongoing consolidation phase. The session began on a cautious note, tracking continued weakness in the rupee and mixed global cues. However, a rebound in index heavyweights from key sectors helped pare most of the early losses, enabling the Nifty to close flat at 26,027.30. Sectoral performance remained mixed, keeping participants engaged, with FMCG and IT posting modest gains, while auto, pharma and financial services ended lower. The broader indices mirrored the benchmark trend and also settled flat after witnessing intraday volatility.

With most major domestic and global events behind us, rupee weakness and mixed global cues are currently dictating market direction. At the same time, rotational strength in heavyweight stocks across sectors is providing support and helping the index hold its ground amid the ongoing consolidation phase.

Looking ahead, indications point toward continued consolidation within the 25,800–26,200 range. Choppiness is likely to persist due to the weekly expiry and ongoing currency volatility. Sector focus for the next session should remain on banking and IT, given their market-leading weight and sensitivity to flows, while defensive and commodity-linked themes may offer tactical opportunities. Traders are advised to maintain disciplined risk management and avoid averaging into underperforming positions.

Today, the Indian equity markets ended almost unchanged after a volatile day. The Sensex closed about 54 points lower at around 85,213, while the Nifty 50 managed to stay just above the 26,000 level. Markets recovered most of their intraday losses, but gains were limited as selling pressure and selective buying balanced each other.

Benchmark indices opened weak, tracking muted global cues and a cautious signal from GIFT Nifty. Overall market breadth was mixed, with nearly equal numbers of advancing and declining stocks. Midcap and smallcap stocks also moved in a stock specific manner, without a clear trend.

Investors preferred to consolidate after last week’s rebound. Continued selling by FPIs weighed on sentiment, with nearly Rs. 18,000 crore withdrawn from equities in the first half of December. This capped any strong upside. At the same time, steady inflows from domestic mutual funds and pension funds helped limit downside risks.

Sentiment in insurance and financial stocks improved after the Union Cabinet approved a proposal to allow 100% FDI in insurance companies. This reform is expected to attract long term foreign capital, strengthen balance sheets, and support future growth, leading to interest in listed insurance stocks. Aviation stocks, especially Indigo, outperformed on stock specific buying. Consumer focused stocks showed some strength, while autos and select cyclical stocks faced profit taking, keeping the overall market flat.

Nifty recovered smartly from a gap-down on opening on an Intraday basis but closed 0.08% lower at 26,027. The Index ended near its downward sloping trendline connecting the highs of 26,326 and 26,179 made on 1st and 8th December respectively and has managed to close above the 20-day EMA for the second consecutive session, indicating improving short-term momentum. A sustained breakout is key for further upside.

On the sectoral front, Nifty Media ended the day as the top sectoral gainer, followed by Nifty FMCG. On the other hand, Nifty Auto and Nifty Pharma emerged as the top two sectoral losers. With regards to stocks, Indigo and Trent, emerged as the top stock gainers amongst the Nifty pack while M&M & Eicher Motors emerged as the top two losers.

The Midcap index formed a thin-bodied candle with a long lower shadow, highlighting buying interest at lower levels. It managed to close above the 20-day EMA, indicating that bulls are attempting to regain control. Near-term momentum appears to be stabilising, though follow-through buying will be crucial.

The Smallcap index extended its corrective phase for the third straight session. Despite intermittent buying attempts, the broader trend remains weak as the index continues to trade below its key short and long-term moving averages. This suggests cautious sentiment, with recovery likely to remain gradual and selective.

The market breadth was somewhat balanced with neither the bulls nor the bears gaining significant control at the day’s close. A total of 258 stocks out of the Nifty 500 universe ended in green.

Nifty View

Looking at key levels, the previous swing high zone of 26,050–26,100 is likely to act as an immediate resistance zone for the Index. A sustained move above this recent swing high of 26,100 could lead to Nifty extending its pullback towards 26,200, followed by 26,300. On the downside, the zone of 25,950-25,900 is likely to act as a strong support for the Index.

Bank Nifty View

Bank Nifty shrugged off early weakness and staged a steady recovery to close at 59,462, up 0.12%. The index continues to find strong support near the 20-day EMA, which has been acting as a dynamic support over the past few sessions, suggesting resilience and stability in the banking space.

Looking at key levels, the zone of 59,500–59,600 is likely to act as an immediate resistance zone for the Index. A sustained move above 59,600 could lead to Bank Nifty extending its pullback towards 59,900, followed by 60,200. On the downside, the zone of 59,100-59,000 is likely to act as a strong support for the index.

Gold prices scaled even higher as international spot gold surged towards the $4,350 zone, triggering a strong rally in the domestic market. MCX gold reflected the global strength with a sharp gain of around ₹1,700, touching a fresh lifetime high near ₹1,35,250.

The move was driven by renewed safe-haven demand and expectations around upcoming U.S. economic data. With Non-Farm Payrolls and the Core PCE Price Index scheduled this week, focus has firmly shifted to U.S. macro cues, which are expected to keep volatility elevated. Gold prices are now seen trading in a higher range between ₹1,33,000 and ₹1,36,500.

Persistent foreign fund outflows and a weak rupee have kept markets in a narrow range, with currency volatility likely to continue until clarity emerges on the India–US trade deal. Expectations of an earnings recovery in H2FY26, supported by monetary and fiscal growth drivers, are helping stabilize sentiment.

Going forward, market momentum is expected to be earnings-led rather than valuation-driven. Investors are also awaiting key economic indicators, including U.S. CPI inflation and unemployment data, which will shape global liquidity expectations and the interest rate outlook for 2026.

Indian rupee ended at fresh record low 90.73 per dollar on Monday, down 31 paise from Friday's close of 90.42.

Indian equity indices ended with marginal losses in the volatile trade on December 15.

At close, the Sensex was down 54.30 points or 0.06 percent at 85,213.36, and the Nifty was down 19.65 points or 0.08 percent at 26,027.30. About 2067 shares advanced, 1864 shares declined, and 139 shares unchanged.

Interglobe Aviation, ITC, HCL Technologies, HUL, Trent were among top gainers on the Nifty, while losers included ONGC, M&M, HDFC Life, Eicher Motors, JSW Steel.

On the sectoral front, PSU Bank, media, IT, FMCG, Consumer Durables rose 0.3-1%, while auto, pharma, telecom shed 0.5-1%.

BSE midcap index ended flat, while smallcap index rose 0.4%.

QIB – 2.21 times

NII - 3.14 times

Retail – 0.74 times

Shareholder Portion - 2.26

Overall – 1.71 times

The Indian rupee plunged to a record low, positioning it as the worst performer among the Asian currencies. Despite the better-than-expected trade balance number, the rupee was unable to find support. This lack of resilience is primarily attributed to a significant demand-supply imbalance, driven by high dollar demand from importers and persistent capital outflows, which remain the biggest concerns for the currency.

In the near term, the technical bias for the spot USDINR pair remains bullish, with key resistance at 90.95 and support at 90.50.

#1 Encouraging commentary on Si/mobility OPMs & growth

#2 SIEM expects mobility growth of >20 percent as seen in past 5 years to sustain

#3 For DI, company indicated an EBIT margin range of 6–8 percent (vs street at 8.2/9 percent for FY26/27)

#4 Private capex is expected to improve by April–June

#5 Private capex supported by a likely consumption pickup with recent government measures

#6 Private capex supported by industrial utilisation levels of around >80 percent

#7 Mobility margins should improve with operating leverage & effective execution

#8 Recent prototype loco delivery met internal expectations on both cost / margins

#9 Rs 7,000 crore cash on hand, Rs 2,200 crore inflow from LV Motors

#10 Strong cash flow over the next 2 years

#11 Company is open to both small and large M&A to fix any product/market gaps

#1 Underperformed market 35 percent over past 12-months

#2 PAT decline of 17 percent despite thermal power acquisition

#3 SC reversed a faulty regulatory order curtailing its merchant hydro power volume

#4 Higher funding costs from leveraged M&As

#5 Promoters have stepped-in to address its aggressive leverage

#6 While Company’s transition has slowed due to its move toward coal asset additions

#7 Thin Free-float stock trading at a 24x FY26CL PE looks rich

RPS-GPT (JV) has been declared L1 (First Lowest) in order valued at Rs 1,739.49 crore, wherein we are a joint venture partner having 26% share.

GPT Infraprojects was quoting at Rs 105.75, up Rs 2.35, or 2.27 percent.

It has touched an intraday high of Rs 110.75 and an intraday low of Rs 105.65.

It was trading with volumes of 42,485 shares, compared to its five day average of 123,454 shares, a decrease of -65.59 percent.

WPIL’s South African Subsidiary, PCI Africa Consortium, has been awarded a Contract of total value of 2.50 Billion Rand (Rs. 1,340 crore) for upgrading and expansion of the Macassar Wastewater Treatment Works for the City of Cape Town.

The share of PCI Africa is approximately 1.175 Billion Rand (Rs 630 crore). The Project duration is 54 months.

WPIL was quoting at Rs 399.25, up Rs 28.50, or 7.69 percent.

EIH today announced the signing of a management agreement for an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling.

EIH was quoting at Rs 372.20, down Rs 5.15, or 1.36 percent.

It has touched an intraday high of Rs 377.75 and an intraday low of Rs 372.00.

It was trading with volumes of 4,184 shares, compared to its five day average of 6,679 shares, a decrease of -37.36 percent.

Gold rose for a fifth day, supported by bets on a dovish US Federal Reserve and a pullback from technology stocks seen as risky after bold spending on AI.

Bullion climbed as much as 1.1% to within $40 of an all-time high, on its longest winning streak since the run-up to that October record.

The Sensex was down 24.80 points or 0.03 percent at 85,242.86, and the Nifty was down 11.20 points or 0.04 percent at 26,035.75. About 2062 shares advanced, 1826 shares declined, and 156 shares unchanged.

The board of directors of the company at its meeting held on December 15, 2025 approved the proposals of buyback of 8,93,129 fully paid-up equity shares of face value Rs 5 each of the company of an amount not exceeding Rs 58.5 crore, being 24.68% and 24.81% of the aggregate of the total paid-up equity share capital and free reserves of the company, at a buyback price of Rs 655 per equity share.

The Income Tax Department conducted search operations at the Refex Group during December 9–13. The company and its officers extended full cooperation to the authorities throughout the course of the search and furnished all information and documents as sought.

Additionally, SEBI has imposed a penalty of Rs 10 lakh on Anil Jain, Promoter, Chairman & Managing Director of the company, in connection with insider trading activities.

Elitecon International has been awarded a long-term supply contract for the supply of cigarettes, premix sheesha, hookah tobacco, smoking mixtures and other tobacco-allied products, aggregating to a contract value of USD 97.35 million or Rs 8.75 billion.

ELITECON INTERNATIONAL was quoting at Rs 114.84, up Rs 5.46, or 4.99 percent.

It has touched an intraday high of Rs 114.84 and an intraday low of Rs 104.40.

It was trading with volumes of 758,768 shares, compared to its five day average of 646,644 shares, an increase of 17.34 percent.

Newgen Software Technologies Company, a wholly owned subsidiary of Newgen Software Technologies incorporated in Saudi Arabia has signed an agreement with a customer for the project of designing and developing a loan origination system.

The aggregate value of the aforesaid award is SAR 15,982,125 inclusive taxes.

Newgen Software Technologies was quoting at Rs 864.90, up Rs 7.35, or 0.86 percent.

It has touched an intraday high of Rs 867.30 and an intraday low of Rs 848.

It was trading with volumes of 21,015 shares, compared to its five day average of 25,518 shares, a decrease of -17.65 percent.

Tata Consultancy Services (TCS) announced the expansion of its presence in Romania with the inauguration of a new office in Bucharest. This strategic facility will strengthen TCS’ local capabilities as a digital engineering services hub and further enhance its European delivery network.

Tata Consultancy Services was quoting at Rs 3,219.55, down Rs 0.60, or 0.02 percent.

It has touched an intraday high of Rs 3,227.95 and an intraday low of Rs 3,196.30.

It was trading with volumes of 43,887 shares, compared to its five day average of 215,233 shares, a decrease of -79.61 percent.

QIB – 2.20 times

NII - 2.85 times

Retail – 0.69 times

Shareholder Portion - 2.08

Overall – 1.62 times

#1 Company is a distinctive play on shifting lifestyle dynamics

#2 Company is largely insulated from macro headwinds

#3 Believe it has elements to be EssilorLuxottica (global eyewear leader) from India

#4 However, at current levels the stock is fairly valued

Deepak Nitrite was quoting at Rs 1,577.05, up Rs 48.25, or 3.16 percent.

It has touched an intraday high of Rs 1,584.00 and an intraday low of Rs 1,525.30.

It was trading with volumes of 16,006 shares, compared to its five day average of 10,964 shares, an increase of 45.98 percent.

In the previous trading session, the share closed down 0.07 percent or Rs 1.10 at Rs 1,528.80.

The share touched a 52-week high of Rs 2,701.50 and a 52-week low of Rs 1,512.80 on 16 December, 2024 and 04 December, 2025, respectively.

Currently, the stock is trading 41.62 percent below its 52-week high and 4.25 percent above its 52-week low.

Market capitalisation stands at Rs 21,509.86 crore.

Wholesale prices remained in deflation in November, declining by 0.3%. However, the extent of deflation narrowed compared to the previous month due to a seasonal increase in prices of select food items. While food prices continued to remain in deflation, elevated edible oil inflation limited further easing in overall food inflation. This remains a key area to monitor amid weak kharif oilseed sowing and elevated global prices of edible oils. Additionally, the government’s decision to impose a 30% import duty on certain pulses is expected to lend support to prices in the segment.

On the external front, global commodity prices are expected to remain broadly benign, supported by oversupply in the global crude oil market and excess capacity in China. However, several base metals, including copper, tin, and aluminium, along with precious metals such as gold and silver, have witnessed sharp price increases. These gains have been driven by strong industrial demand from the renewable energy and AI sectors, US Federal Reserve rate cuts, and expectations of fiscal stimulus in China. Movements in global base metal prices remain a key monitorable. Overall, WPI inflation appears to have bottomed out in October and is expected to remain largely flat over FY26.

QIB – 2.06 times

NII - 2.42 times

Retail – 0.64 times

Shareholder Portion - 1.92

Overall – 1.46 times

Rain Industries was quoting at Rs 114.40, up Rs 7.45, or 6.97 percent.

It has touched an intraday high of Rs 114.45 and an intraday low of Rs 105.55.

It was trading with volumes of 72,464 shares, compared to its five day average of 38,928 shares, an increase of 86.15 percent.

In the previous trading session, the share closed up 1.95 percent or Rs 2.05 at Rs 106.95.

The share touched a 52-week high of Rs 193.00 and a 52-week low of Rs 99.85 on 16 December, 2024 and 09 December, 2025, respectively.

Currently, the stock is trading 40.73 percent below its 52-week high and 14.57 percent above its 52-week low.

Market capitalisation stands at Rs 3,847.79 crore.

#1 While there is scope for consolidated margin expansion, see that playing out only gradually

#2 Impact of Fx given import dependencies

#3 Impact of intensifying competition in Smart Infra (SI)

#4 Impact of increasing share of long gestation projects, where margins may be more volatile

#5 Digital industries margin commentary underwhelmed

#6 Mobility & SI margin commentary was encouraging

#7 Smart Infra has exposure to areas where TAM is structurally expanding

#8 However, near-term order inflows would likely be volatile, base effect is challenging

#9 Company is investing in smart infra capex but is re-evaluating metro linked capex modalities

Siemens was quoting at Rs 3,152.30, up Rs 8.40, or 0.27 percent.

Exports up 19.4% at USD 38.13 billion vs USD 31.94 billion, YoY

Imports down 1.9% at USD 62.66 billion vs USD 63.87 billion, YoY

The appointments committee of cabinet approves appointment of Rajiv Ranjan as Managing Director of the company.

State Bank of India was quoting at Rs 967.45, up Rs 4.55, or 0.47 percent.

It has touched an intraday high of Rs 969.30 and an intraday low of Rs 957.05.

It was trading with volumes of 75,741 shares, compared to its five day average of 937,398 shares, a decrease of -91.92 percent.

In the previous trading session, the share closed down 0.05 percent or Rs 0.50 at Rs 962.90.

The share touched a 52-week high of Rs 999.10 and a 52-week low of Rs 679.65 on 26 November, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 3.17 percent below its 52-week high and 42.35 percent above its 52-week low.

Market capitalisation stands at Rs 893,016.10 crore.

Vascon Engineers has received work order amounting to Rs 260,09,00,000 (including GST) from Navi Mumbai, Municipal Corporation for construction of super specialty hospital at Plot No. 4, Sec15A, C. B. D Belapur, Navi Mumbai.

Vascon Engineers was quoting at Rs 47.55, up Rs 2.22, or 4.90 percent.

It has touched an intraday high of Rs 48.24 and an intraday low of Rs 44.70.

It was trading with volumes of 90,868 shares, compared to its five day average of 62,950 shares, an increase of 44.35 percent.

In the previous trading session, the share closed up 0.44 percent or Rs 0.20 at Rs 45.33.

The share touched a 52-week high of Rs 74.61 and a 52-week low of Rs 32.00 on 10 October, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 36.27 percent below its 52-week high and 48.59 percent above its 52-week low.

Market capitalisation stands at Rs 1,076.00 crore.

QIB – 2.04 times

NII - 2.27 times

Retail – 0.60 times

Shareholder Portion - 1.81

Overall – 1.40 times

Indian rupee has extended the record fall against the US dollar as it is trading at fresh record low at 90.79 per dollar against Friday's close of 90.42.

The company received an amended purchase order worth USD 41.17 million (approximately Rs. 370.56 Crores) having an incremental order value worth USD 10.29 million (approximately Rs. 92.64 crores).

MTAR Technologies was quoting at Rs 2,379.25, up Rs 34.35, or 1.46 percent.

It has touched an intraday high of Rs 2,416.50 and an intraday low of Rs 2,349.50.

It was trading with volumes of 5,394 shares, compared to its five day average of 13,418 shares, a decrease of -59.80 percent.

In the previous trading session, the share closed up 1.40 percent or Rs 32.45 at Rs 2,344.90.

The share touched a 52-week high of Rs 2,715.00 and a 52-week low of Rs 1,152.00 on 21 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 12.37 percent below its 52-week high and 106.53 percent above its 52-week low.

Market capitalisation stands at Rs 7,318.48 crore.

Touax Texmaco Railcar Leasing, a joint venture of the company, has awarded an order of Rs 132 crores for supply of rake of BLSS Wagon comprising of BLSS Wagon and BVCM wagon.

Texmaco Rail and Engineering was quoting at Rs 128.45, up Rs 2.50, or 1.98 percent.

It has touched an intraday high of Rs 129.05 and an intraday low of Rs 124.55.

It was trading with volumes of 90,281 shares, compared to its five day average of 129,814 shares, a decrease of -30.45 percent.

In the previous trading session, the share closed down 1.22 percent or Rs 1.55 at Rs 125.95.

The share touched a 52-week high of Rs 239.65 and a 52-week low of Rs 115.10 on 17 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 46.4 percent below its 52-week high and 11.6 percent above its 52-week low.

Market capitalisation stands at Rs 5,226.18 crore.

The excellent performance in wholesale inflation for November 2025 with a -0.32 y-o-y growth indicates a gradual normalization in the cost pressures along the supply chain, with much of the assistance of lower food prices and a reversal in the energy related inputs such as mineral oils and crude petroleum. The consecutive direction of movement with 0.19 per cent in September and -1.21 per cent in October then a more moderate movement now indicate that deflationary pressures continue to exist but are stabilising as opposed to deepening.

Domestically, the trend is friendly to the immediate consumption. Reduced wholesale input prices can take strain off the manufacturers, increase margins and leave place of selective price amendment or promotion at the retail stage which can trigger demand - at least in discretionary, mass-consumption lines. In a macro view, the benign WPI inflation will offset the moderation in the retail inflation and the continuity of policy will also be a very strong argument in favour of the investment sentiment.

Food supply situations are also favourable and looking to the future, commodity prices have been in a range and as long as the purchasing power improves, consumption will recover steadily, and a stable GDP growth will materialize, even in the face of global uncertainties.

The Sensex was down 71 points or 0.08 percent at 85,196.66, and the Nifty was down 28.90 points or 0.11 percent at 26,018.05. About 1957 shares advanced, 1836 shares declined, and 150 shares unchanged.

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Wakefit Innovations made a muted debut on the exchanges today, opening at Rs 195 in line with the issue price but below grey market premium projections. The flat listing indicates a cautious market sentiment despite the company’s strong brand recall and improving fundamentals. The company offers a wide range of products that includes mattresses, furniture, and furnishings and is the largest direct to consumer home and furnishings brand in India.

Wakefit Innovations serves clients in over 700 districts in 28 states and 6 union territories with its strong omnichannel approach that integrates its own channels with other platforms. After reporting losses in prior years, Wakefit turned profitable in Q2 FY2026 due to its improved product mix and operational efficiency.

The Indian home and furnishings sector is expected to reach Rs 5.2–5.9 trillion by CY2030 by growing at a CAGR of 11–13%. Despite the flat debut, the company holds potential for long-term investors backed by improving fundamentals and sector tailwinds.

In the near term, investors should watch Q3FY26 results for margin sustainability amid competitive pricing pressures. As a recent listing, liquidity is likely to build up gradually, making the stock suitable for growth-oriented portfolios seeking exposure to India's evolving consumer lifestyle.

Supreme Power Equipment was quoting at Rs 204.20, up Rs 0.20, or 0.10 percent.

It has touched an intraday high of Rs 206.35 and an intraday low of Rs 201.50.

It was trading with volumes of 18,500 shares, compared to its five day average of 84,400 shares, a decrease of -78.08 percent.

In the previous trading session, the share closed up 0.20 percent or Rs 0.40 at Rs 204.

The share touched a 52-week high of Rs 248.75 and a 52-week low of Rs 100.00 on 01 January, 2025 and 18 March, 2025, respectively.

Currently, the stock is trading 17.91 percent below its 52-week high and 104.2 percent above its 52-week low.

Market capitalisation stands at Rs 510.32 crore.

#1 Management reiterated their guidance

#2 Implying a strong 13–15 percent outperformance to industry in consumer durables

#3 Excellent traction in electronics and gradual improvement in mobility

#4 They also highlighted deeper backward integration

#5 Highlighted recent acquisitions strengthen company’s capabilities

#6 Baking in recent takeover & RM cost inflation yields a modest 6 percent/2 percent cut in FY26/27 EPS

#1 Improvement in operating trends likely to accelerate in the medium-term

#2 Expect stable credit costs & relatively subdued near-term loan growth/NIM

#3 Subdued loan growth on continued balance sheet rationalisation & the recent 25 bps rate cut

#4 Bank trades at a similar P/BV (1.5x FY27 P/BV, or 1.4x including capital raise) as IDFC First

#5 Although, Federal has a better RoE profile

#6 The loan growth gap should narrow in the medium-term

#7 Raise our FY28/29 forecasts for loan growth (0-100 Bps), NIM (5 Bps),

#8 Fee income, opex & our FY28/29 EPS estimates rise 5 percent/9 percent

The Indian rupee started the day on a weak note, slipping to a fresh all-time low of 90.56 against the US dollar in early morning trade. The move reflects growing pressure on the currency amid a mix of global uncertainty and India-specific capital flow challenges.

Foreign portfolio investors have continued to pare exposure to Indian equities and debt, leading to steady dollar outflows. At the same time, importers are actively buying dollars, while exporters are holding back conversions in anticipation of further rupee weakness, creating a clear demand–supply imbalance. Despite the US dollar softening globally, the rupee has remained under pressure due to these domestic flow dynamics.

Market participants also remain cautious amid lingering uncertainty around India–US trade discussions and broader geopolitical risks. The Reserve Bank of India has been present in the market to smooth volatility, but it is allowing the currency to adjust gradually rather than defend any specific level.

In the near term, the rupee is expected to remain volatile, with movements driven more by flows and sentiment than fundamentals.

QIB – 1.97 times

NII - 1.86 times

Retail – 0.52 times

Shareholder Portion - 1.52

Overall – 1.24 times

Wheels India has signed a Technical Assistance Agreement with Tokyo, Japan headquartered Topy Industries for the design, development and manufacture of aluminium alloy wheels. As part of this agreement, Topy will provide technical knowhow and engineering support to enhance Wheels India's design and manufacturing capabilities for the cast aluminium wheel business.

Wheels India was quoting at Rs 896.00, up Rs 53.00, or 6.29 percent.

It has touched an intraday high of Rs 904.60 and an intraday low of Rs 838.15.

It was trading with volumes of 3,815 shares, compared to its five day average of 3,142 shares, an increase of 21.40 percent.

Food inflation at -2.60% vs -5.02%, MoM

Fuel & power inflation at -2.27% vs -2.55%, MoM

Manufactured products inflation at 1.33% vs 1.54%, MoM

The company has received a Letter of Acceptance from the National Capital Region Transport Corporation (NCRTC) for setting up 110 MW (AC) grid-connected solar PV power projects in Uttar Pradesh under captive mode.

Additionally, the company’s subsidiary, NLC India Renewables, has signed a Joint Venture Agreement with PTC India to establish a green energy joint venture.

NLC India was quoting at Rs 246.85, up Rs 3.15, or 1.29 percent.

The RPG Group company has secured new orders worth Rs 1,150 crore in the transmission & distribution and civil businesses.

The India transmission & distribution business has won its largest-ever order from a reputed private player for a 765 kV transmission line and a 765/400 kV AIS substation on an LSTK basis.

The civil business has secured an order for additional civil and structural works for a 150 MW thermal power plant from a prominent private player.

Additionally, Manjit Singh Sethi has resigned as Executive Director – Renewables, a Senior Management Personnel of the company, on personal grounds, effective December 12.

The company has bagged additional orders worth Rs 776 crore since November 14, including indigenous counter unmanned aerial systems (SAKSHAM), software-defined radios, anti-drone systems, communication equipment, medical electronics, gun control systems, weapon control systems, security software, avionics, masts, components, upgrades, spares, and services.

Bharat Electronics was quoting at Rs 390.75, up Rs 1.35, or 0.35 percent.

It has touched an intraday high of Rs 392.45 and an intraday low of Rs 388.00.

It was trading with volumes of 278,574 shares, compared to its five day average of 867,382 shares, a decrease of -67.88 percent.

The board of directors of the company at its meeting held on December 15, 2025 approved the proposals of buyback of 8,93,129 fully paid-up equity shares of face value Rs 5 each of the company of an amount not exceeding Rs 58.5 crore, being 24.68% and 24.81% of the aggregate of the total paid-up equity share capital and free reserves of the company, at a buyback price of Rs 655 per equity share.

Matrimony.com was quoting at Rs 524.00, down Rs 22.55, or 4.13 percent. It has touched an intraday high of Rs 561.10 and an intraday low of Rs 518.30. It was trading with volumes of 7,723 shares, compared to its five day average of 8,465 shares, a decrease of -8.76 percent.

Wakefit Innovations made a quiet stock market debut, listing at par at ₹195 on the NSE, in line with its IPO price, while opening marginally lower at ₹194.10 on the BSE. The muted listing reflected moderate investor demand, as the ₹1,289-crore IPO was subscribed 2.52× overall, with QIBs at 3.04×, NIIs fully subscribed, and retail investors showing relatively better interest at 3.17×.

Wakefit operates as a D2C home and furnishings brand, with a growing presence across mattresses, furniture, and home solutions, supported by an omnichannel distribution model and brand-led customer engagement. However, limited listing gains were expected due to competitive intensity in the D2C space, margin pressures, and the need to demonstrate sustained profitability at scale.

Given the lack of listing gains and near-term catalysts, investors may consider exiting the stock, especially if prices fail to move above the issue price. Risk-averse investors are advised to book capital and avoid holding, while traders may keep a strict stop-loss near ₹180 if holding briefly.

#1 Company is a distinctive play on shifting lifestyle dynamics

#2 Company is largely insulated from macro headwinds

#3 Believe it has elements to be EssilorLuxottica (global eyewear leader) from India

#4 However, at current levels the stock is fairly valued

Matrimony.com board approves buyback of up to 8.93 lakh shares (Rs 58.5 Cr) at Rs 655 per share

Siemens was quoting at Rs 3,172.10, up Rs 28.20, or 0.90 percent.

It has touched an intraday high of Rs 3,182.55 and an intraday low of Rs 3,100.50.

It was trading with volumes of 9,425 shares, compared to its five day average of 20,944 shares, a decrease of -55.00 percent.

The United States Food and Drug Administration (USFDA) inspected Unit-V, an API manufacturing facility of the company’s subsidiary Apitoria Pharma, in Telangana during December 1–12, and concluded with the issuance of a Form 483 with three observations, which are procedural in nature.

Aurobindo Pharma was quoting at Rs 1,189.60, down Rs 4.10, or 0.34 percent.

It has touched an intraday high of Rs 1,197 and an intraday low of Rs 1,183.

It was trading with volumes of 1,822 shares, compared to its five day average of 8,552 shares, a decrease of -78.69 percent.

The company has completed an additional investment of Rs 2,250 crore in its wholly owned subsidiary, Paytm Payments Services, through subscription to its rights issue of equity shares.

The Sensex was down 154.37 points or 0.18 percent at 85,113.29, and the Nifty was down 57.25 points or 0.22 percent at 25,989.70. About 1856 shares advanced, 1701 shares declined, and 203 shares unchanged.

QIB – 1.97 times

NII - 1.40 times

Retail – 0.40 times

Shareholder Portion - 1.16

Overall – 1.07 times

SEPC was quoting at Rs 9.99, up Rs 0.89, or 9.78 percent.

It has touched an intraday high of Rs 10.37 and an intraday low of Rs 8.86.

It was trading with volumes of 1,927,288 shares, compared to its five day average of 698,079 shares, an increase of 176.08 percent.

In the previous trading session, the share closed up 0.89 percent or Rs 0.08 at Rs 9.10.

The share touched a 52-week high of Rs 24.73 and a 52-week low of Rs 8.50 on 17 December, 2024 and 09 December, 2025, respectively.

Currently, the stock is trading 59.6 percent below its 52-week high and 17.53 percent above its 52-week low.

Market capitalisation stands at Rs 1,763.39 crore.

The company has decided to increase the capacity of its Battery Energy Storage System project from 10 GWh to 40 GWh at an investment of Rs 1,625 crore (increased from Rs 700 crore), to be implemented in two phases.

Phase 1 will increase capacity from 10 GWh to 20 GWh at a cost of Rs 1,025 crore in FY27, while Phase 2 will expand capacity from 20 GWh to 40 GWh in FY29 at an additional investment of Rs 600 crore.

Godawari Power & Ispat was quoting at Rs 247.10, up Rs 8.65, or 3.63 percent.

Kajaria Ceramics was quoting at Rs 1,082.65, up Rs 29.65, or 2.82 percent.

It has touched an intraday high of Rs 1,085 and an intraday low of Rs 1,052.80.

It was trading with volumes of 4,143 shares, compared to its five day average of 9,263 shares, a decrease of -55.27 percent.

In the previous trading session, the share closed up 1.77 percent or Rs 18.35 at Rs 1,053

The share touched a 52-week high of Rs 1,322 and a 52-week low of Rs 745.00 on 08 August, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 18.11 percent below its 52-week high and 45.32 percent above its 52-week low.

Market capitalisation stands at Rs 17,243.61 crore.

Dinesh Hariharan, CEO – Vaango, and Kamaljit Singh Bedi, CEO – Costa Coffee and Airport Business (both designated as Senior Management Personnel), have resigned from the services of the company, effective December 12.

Devyani International was quoting at Rs 133.40, down Rs 0.85, or 0.63 percent.

It has touched an intraday high of Rs 134.45 and an intraday low of Rs 133.40.

It was trading with volumes of 11,813 shares, compared to its five day average of 98,445 shares, a decrease of -88 percent.

Indian rupee is trading at fresh record low at 90.71 per dollar against Friday's close of 90.42.

The company has received a Letter of Acceptance from the National Capital Region Transport Corporation (NCRTC) for setting up 110 MW (AC) grid-connected solar PV power projects in Uttar Pradesh under captive mode.

Additionally, the company’s subsidiary, NLC India Renewables, has signed a Joint Venture Agreement with PTC India to establish a green energy joint venture.

NLC India was quoting at Rs 245.70, up Rs 2, or 0.82 percent.

It has touched an intraday high of Rs 249.30 and an intraday low of Rs 244.90.

It was trading with volumes of 30,906 shares, compared to its five day average of 30,498 shares, an increase of 1.34 percent.

Ashoka–Aakshaya Joint Venture, in which Ashoka Buildcon holds a 51% stake and Aakshaya Infra Projects holds 49%, has received a Letter of Acceptance-cum-work order for a project worth Rs 1,041.44 crore from the Brihanmumbai Municipal Corporation (BMC).

The project involves the construction of a flyover connecting J J Bridge and Sitaram Selam Bridge (Y Bridge) at the J J Road and Saboo Siddik Polytechnic Road junction in E Ward.

Ashoka Buildcon was quoting at Rs 168.75, up Rs 3.35, or 2.03 percent.

It has touched an intraday high of Rs 170 and an intraday low of Rs 166.60.

It was trading with volumes of 48,298 shares, compared to its five day average of 265,611 shares, a decrease of -81.82 percent.