The practice of banning commodities trading damages more than just immediate stakeholders—it undermines the credibility and trustworthiness of Indian exchanges and markets
State-run banks were spotted offering dollars aggressively, most likely on behalf of the Reserve Bank of India, three traders told Reuters
This is the domestic currency's biggest single-day gain in seven months
FIIs extended their selling on December 16 as they sold equities of Rs 2381 crore, while DIIs purchased equities of Rs 1077 crore on the same day
Shriram Finance, SBI, Eicher Motors, Hindalco Industries, Tata Consumer were among top gainers on the Nifty, while losers included Max Healthcare, SBI Life Insurance, HDFC Life, Trent, Apollo Hospitals. BSE Midcap index fell 0.6%, while smallcap index shed nearly 1%. Among sectors, PSU Bank index added 1.2%, while media index shed 2%, while Private Bank, Realty, Consumer Durables, FMCG, Healthcare down 0.4-1%.
Economists say that the outcome of the negotiations for a trade deal between India and the US continues to be crucial, as the absence of an agreement could have negative implications for India’s current account deficit in the next fiscal year
More than 120 stocks hit 52-week low, including Devyani International, Jubilant Foodworks, Westlife Foodworld, Sheela Foam, NCC, REC, Sapphire Foods, Mankind Pharma, Piramal Pharma, Petronet LNG, Page Industries, ACC, SKF India, among others.
Indian markets witnessed a sharp sell-off as the Nifty slipped below 25,900 and the rupee breached 91 against the dollar, hitting a new all-time low. All sectors ended in the red with IT and realty leading losses, while midcaps saw deeper cuts. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd, Kuunal Shah, Associate Fund Manager, Carnelian Capital and Latha Venktesh of CNBC-TV18
The rupee’s fall to record lows is raising near-term risks for equities and pushing investors toward selective, defensive sector exposure.
Weak global cues are likely to weigh on investor sentiment, which may see the domestic benchmarks Nifty 50 and Sensex seeing a quiet open in trade.
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.
On the sectoral front, PSU Bank, media, IT, FMCG, Consumer Durables rose 0.3-1%, while auto, pharma, telecom shed 0.5-1%.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front
Indian markets are likely to open lower tracking global weakness in technology stocks, though rotation into large caps and strong domestic flows could limit the downside.
Looking ahead, markets face a packed calendar of economic data and central bank decisions, keeping volatility elevated.
Sensex Today | Stock Market LIVE Updates: Interglobe Aviation, ITC, Shriram Finance, HUL, Tata Consumer are among top gainers on the Nifty, while losers are ONGC, M&M, Cipla, Eicher Motors, JSW Steel. On the sectoral front, PSU Bank, IT, FMCG, Consumer Durables up 0.5-1%, while auto, pharma, telecom, realty down 0.3-1%. BSE midcap index is trading flat, while smallcap index up 0.4%.
Forex traders said rupee is under pressure largely due to aggressive dollar purchases from importers amid surging global prices for precious metals
Sensex Today | Stock Market Updates: All the sectoral indices barring FMCG closed trading in the green. Kaynes Tech, Hindustan Copper, Hindustan Zinc, L&T and Vedanta were most active shares on the NSE. BSE Midcap and smallcap indices rose 1.1% and 0.65%, respectively.
More than 160 stocks hit 52-week low, including BASF, Vedant Fashions, Sterling Wilson, Blue Dart, Trent, Piramal Pharma, CG Consumer, NCC, Page Industries, PCBL Chemical, Dixon Technologies, among others.
The rupee has fallen more than 5% against the dollar in 2025
Hindustan Zinc share price: The sharp rise pulled up the shares of promoter Vedanta as well, which gained nearly 2% in the morning trading hours of Thursday.
All the sectoral indices ended in the green with auto, IT, pharma, telecom, PSU Bank, Private Bank, metal, realty up 0.5-1%. BSE Midcap index rose 0.8% and smallcap index added 0.5%. Kotak Mahindra Bank, Eternal, Jio Financial, Tata Steel, Grasim Industries were among major gainers on the Nifty, while losers were Bharti Airtel, Asian Paints, SBI Life Insurance, Bajaj Finance, Axis Bank.
Broader indices underperformed the main indices with BSE midcap index losing 1 percent and smallcap index falling 0.7 percent.
BSE midcap index fell 1 percent, while smallcap index shed by 0.7 percent.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.
Swap traders are expecting a quarter-point rate cut by the Fed but are now leaning toward two further moves by the end of 2026, down from three signaled barely a week ago.