Indian Markets End Lower for Third Day as Global Cues Remain Mixed
- Sensex and Nifty fell for the third day as investors stayed cautious ahead of the US Fed decision.
- Broader markets under pressure, while sectoral losses were led by IT, financials, and realty.
- Major corporate updates included Tata Steel’s expansion, Adani’s strong rights issue, and Vedanta’s Rs 1 lakh crore investment plan.
The Indian stock market ended lower for the third straight session on Wednesday, December 10, as investors stayed cautious ahead of the US Federal Reserve’s policy announcement. Mixed global signals and concerns around interest rate expectations kept market sentiment weak throughout the day.
The Sensex opened on a positive note and even climbed 354 points to touch an intraday high of 85,020.34. However, the momentum did not last. The index slipped sharply later in the session, falling 629 points from the peak to close 275 points lower at 84,391.27, down 0.32%. The Nifty 50 also moved in the same direction, ending 82 points lower at 25,758. The broader markets witnessed heavier pressure, with the BSE Midcap index losing 1.08% and the Smallcap index falling 0.58%.
Commenting on the trend, Ajit Mishra, SVP – Research at Religare Broking Ltd., said the markets were highly volatile as traders stayed on the sidelines before the key US Fed outcome. He noted that after a firm start, the Nifty gradually slipped and closed near the day’s low. Sector-wise, IT, financials, and realty stocks saw the most selling pressure, while metal and pharma stocks managed to close slightly higher. The broader indices also resumed their correction phase after a brief halt in the previous session.
Stocks to Watch
Tata Steel:
Tata Steel received board approval for a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Ltd. (NINL). This marks Phase 1 of the company’s larger expansion plan and strengthens its long-products portfolio.
Adani Enterprises:
The company’s massive Rs 25,000 crore rights issue closed with strong demand, recording 108% subscription. Adani Enterprises received bids for 14.95 crore shares against 13.85 crore shares on offer, reflecting positive interest from both promoters and public shareholders.
Life Insurance Corporation of India (LIC):
LIC has been issued a notice by the Deputy Commissioner of State Tax, Mumbai, demanding GST dues of Rs 2,370.34 crore. The amount includes GST, interest, and penalties for the financial years 2021–22 to 2023–24.
State Bank of India (SBI):
SBI has secured approval from the Reserve Bank of India to set up a Section 8 Company for its Digital Payments Intelligence Platform. This approval is subject to exemption granted by the Department of Financial Services.
Cipla:
Cipla has launched Yurpeak (tirzepatide), a once-weekly injectable treatment for obesity and type-2 diabetes. The drug aims to address two major health concerns in India.
Nestlé India:
The company announced that CFO Svetlana Boldina will step down on January 31, 2026. Jagdeep Singh Marahar has been nominated as Whole-time Director effective June 1, 2026.
Mazagon Dock Shipbuilders:
An MoU has been signed between the Brazilian Navy, the Indian Navy, and Mazagon Dock Shipbuilders to share information on the maintenance of Scorpène-class submarines and other naval vessels.
Waaree Energies:
Waaree Energies has crossed a major milestone by becoming the first solar panel maker in India to achieve monthly production of over 1 GW of solar modules.
Vedanta:
Vedanta announced plans to invest Rs 1 lakh crore in Rajasthan to double its production across all business areas.
DCM Shriram:
DCM Shriram has signed an MoU with Bayer CropScience to explore joint initiatives aimed at improving India’s agricultural ecosystem through innovation and sustainable solutions.
