Companies now face a choice between absorbing the hit or passing it on to consumers, just as dealers have begun to report a pick-up in demand after the GST rate cuts and the festive-season surge.
Biggest Nifty losers were Asian Paints, Tech Mahindra, Tata Steel, Dr Reddy's Laboratories, Interglobe Aviation, while gainers included Titan Company, Shriram Finance, Adani Enterprises, Eternal, Bharat Electronics.
Sensex Today | Stock Market LIVE Updates: BSE Midcap and smallcap indices up 0.5% each. Selling is seen in the IT, auto, pharma names, while buying is seen in the realty, capital goods, power, PSU names. Kaynes Technologies, Interglobe Aviation, BSE Limited, JSW Energy and Anand Rathi are among most active shares on the NSE.
More than 520 stocks hit 52-week low, including TataTeleservices, Sterling Wilson, Jupiter Wagons, Ola Electric, SKF India, SJVN, Inox Wind, Thermax, NCC, HFCL, REC, Concord Biotech, Piramal Pharma, Sapphire Foods, Chambal Fertilisers, Mahanagar Gas, CG Consumer, KNR Construction, Power Finance, among others.
Biggest Nifty losers included Interglobe Aviation, Bharat Electronics, JSW Steel, Eternal, Shriram Finance, while gainers were Tech Mahindra, Wipro, HDFC Life, HCL Technologies, HDFC Bank. BSE midcap index shed 1.7% and smallcap index declined 2.2%. All the sectoral indices ended in the red with realty down nearly 3.5%, while media, PSU Bank, telecom down more than 2.5% each.
Rate-sensitive stocks outperformed on December 5. Nifty Financial Services rose 0.8%, while Bank Nifty and PSU Bank index rose 0.5% and 1%, respectively, after the rate cut decision.
The implied yield on the 1-year dollar/rupee forward premium climbed 16 basis points to 2.64%, taking the total rise to over 30 bps in three sessions
The rupee, down 5.5% on year, is Asia's worst performing currency
The rupee hit a fresh record low in early trading Thursday, extending its break below the closely watched 90-per-dollar level
Ratings agency says currency remains undervalued; stronger growth and low inflation to support medium-term recovery
The Opposition has launched a blistering attack against the government over the rupee falling to historic low
The Reserve Bank of India’s Monetary Policy Committee (MPC) will announce its interest rate decision on Friday, with the street sharply divided over the outcome. While industry hopes for a 25-basis-point cut amid benign inflation and a government focus on growth, others expect the central bank to stay cautious. The RBI had kept the repo rate unchanged at 5.5% during its previous meeting on October 1, marking a second consecutive pause after cutting rates by 100 basis points in the first half of 2025. However, the recent slide in the rupee may complicate the rate call. Catch this conversation between Moneycontrol’s Nandita Khemka and CNBC-TV18’s Latha Venkatesh for expert insights on what to expect from the MPC. #rbi #monetarypolicy #rbigovernor #rupees
The visit comes amid a fall in India’s Russian crude oil purchases and ongoing efforts to settle trade in local currencies, alongside talks on energy cooperation and boosting bilateral commerce.
High US benchmark yields, geopolitical tensions and tariff-related swings have eroded the appeal of foreign-currency debt for Indian corporates this year, causing the issuance to drop even as Indian companies boost spending and borrowing at home
PwC’s Ranen Banerjee says India’s evolving import mix limits pass-through even as the currency briefly breaches 90 per dollar
Sber's new tool will assist medium and large businesses in purchasing from both new and current Indian partners
On the sectoral front, IT, media, private bank, Telecom rose 0.2-0.6 percent, while PSU Bank shed 3%, and oil & gas, metal, power, PSU, capital goods, consumer durables down 0.5-1.5%.
A moderate level of rupee depreciation is typically factored into PE return models, but this year’s nearly 5% slide is much steeper and faster than expected.
Nageswaran said he is not 'losing sleep' over the weakening of the domestic currency as long as it is not hurting exports
The rupee crossed the 90-mark against the US dollar on persistent outflows and uncertainty around the India-US trade deal
Industry sources said that some of the luxury carmakers are contemplating a price hike in January.
The veteran banker blamed foreign institutions selling Indian equities and said for now they 'seem smarter' as local investors continue their buying spree
BSE Midcap index shed 1% and smallcap index declined 0.4%. On the sectoral front, IT, media, private bank, Telecom rose 0.2-0.6 percent, while PSU Bank shed 3%, and oil & gas, metal, power, PSU, capital goods, consumer durables down 0.5-1.5%. Max Healthcare, Shriram Finance, Bharat Electronics, Interglobe Aviation, Tata Consumer were among major losers on the Nifty, while gainers were Wipro, Hindalco Industries, TCS, Axis Bank and ICICI Bank.
Diverging rate expectations, rupee weakness and heavy bond supply push the spread back toward 250 basis points.
More than 240 stocks hit 52-week low, including Bajaj Housing, PCBL Chemicals, KNR Construction, Clean Science, Deepak Nitrite, Cohance Life, Bata India, Mahanagar Gas, CG Consumer, Chambal Fertilisers, SJVN, Colgate Palmolive, Page Industries, United Breweries, among others.