Taking Stock: Market falls extend on 3rd day; mid, smallcaps underperform

Capital market stocks fall

In the highly volatile session on December 10, the benchmark indices ended lower with Nifty finishing around 25,750 and extended the losing streak for the third consecutive session, ahead of the FOMC meeting outcome.

At close, the Sensex was down 275.01 points or 0.32 percent at 84,391.27, and the Nifty was down 81.65 points or 0.32 percent at 25,758.

Broader indices underperformed the main indices with BSE midcap index losing 1 percent and smallcap index falling 0.7 percent.

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Eicher Motors, Hindalco, HDFC Life, Tata Steel and Adani Ports were among the top gainers on the Nifty; while losers were InterGlobe Aviation, Eternal (Zomato), Trent, Bharti Airtel and Apollo Hospitals.

Among sectors, metal and media indices rose 0.4% each, while IT, capital goods, realty, consumer durables, PSU Bank, private bank declined 0.5-1 percent.

Also Read: Rs 2.55 lakh crore IPOs in the pipeline in New Year

In stock-specific action, Kalpataru Projects shares fell 1% despite winning new orders of Rs 2,003 crore, Highway Infrastructure share price gained 2.5% on LoA worth Rs 328.8 crore, Godrej Industries shares added 1% after arm signs MoU with Government of Telangana, Adani Green shares down 1% post 2.24 crore shares block deal, IRB Infrastructure Developers shares added 1% after toll collection rises 15.8% in November, Dilip Buildcon shares declined 3% despite winning Rs 5000 crore LoA from NALCO, Hindustan Zinc shares surged more than 4% as silver hit fresh lifetime highs.

Index	Prices	Change	Change%
Sensex	84,391.27	-275.01	-0.32%
Nifty 50	25,758.00	-81.65	-0.32%
Nifty Bank	58,960.40	-261.95	-0.44%

Nifty 50 25,758.00 -81.65 (-0.32%)

Wed, Dec 10, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Eicher Motors	7,228.50	105.50	+1.48%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	4,805.50	-162.00	-3.26%

Best Sector	Prices	Change	Change%
Nifty Metal	10159.00	46.35	+0.46%

Worst Sector	Prices	Change	Change%
Nifty Midcap 100	59007.80	-668.40	-1.12%

Also Read - Retail traders feel the strain as India’s small caps stumble

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The shares of Aequs made a decent market debut with listing at Rs 140 per share on NSE at a premium of 12.9 percent over the IPO price of Rs 124 per share. The share ended at Rs 149.65 per share, up 6.89 percent.

Meesho shares made a bumper stock market debut to list at 46 percent premium at Rs 162.50 over its initial public offer (IPO) price of Rs 111. However, the stock closed the session at Rs 170.45, rising 5.74 percent.

Vidya Wires shares has ended the day at Rs 52.80 after making a flat market debut at Rs 52 per share against its price band of Rs 48-52 per share.

The index opened steady and moved higher initially, hitting an intraday high of 25,948. However, selling pressure emerged at higher levels, pulling the index down to close near the previous day’s low zone of 25,720–25,740. The 20-day EMA, which earlier acted as a support, is now behaving as a resistance, highlighted by today’s high aligning with this moving average.

Looking at key levels, the 50-day EMA zone of 25,730–25,700 is likely to act as an immediate support zone for the Index. A sustained move below this key short term technical support level of 25,700 could lead to Nifty drifting further down, potentially taking it lower towards 25,500. On the upside, the 20-day EMA zone of 25,950-26,000 is likely to act as an strong resistance for the index.

Nifty continued to slide down for the third consecutive sessions on Wednesday and closed the day lower by 81 points. After opening on a positive note, the market moved up further in the early part of the session. The overhead resistance of previous down gap has acted as a strong hurdle and triggered weakness in the mid to later part of the session.

A reasonable negative candle was formed on the daily chart with long upper shadow. Technically this market action indicates an inability of bulls to sustain the bounce and also sell on rise opportunity. Nifty is currently placed at the support of 25700-25600 levels (previous opening upside gap of 12th Nov and also 10-week EMA). A breakdown of this support could possibly open broad-based weakness in the market. However, any bounce back from here could find resistance around 25900-26000 levels.

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