Sensex Slides as Global Uncertainty Tightens Its Grip on Markets

By siliconindia  |  Wednesday, 10 December 2025, 10:14:48 AM IST

Sensex Slides as Global Uncertainty Tightens Its Grip on Markets
  • Sensex and Nifty fell for the second day as investors stayed cautious ahead of the US Fed’s policy decision.
  • Midcap and smallcap stocks bounced back and ended in the green despite weak headline indices.
  • FII selling, rupee weakness, and global uncertainty kept markets on edge.
Indian equity markets ended lower for the second straight session on Tuesday, December 9, as investors stayed cautious ahead of the US Federal Reserve’s policy announcement and global cues remained largely unsupportive.
The BSE Sensex closed 436 points lower, down 0.51%, at 84,666.28, while the NSE Nifty 50 lost 121 points, or 0.47%, to settle at 25,839.65. Despite the weakness in benchmark indices, the broader market showed strength, with mid- and small-cap stocks staging a recovery after recent declines. The BSE Midcap index climbed 0.60%, while the Smallcap index rose a sharp 1.27%, offering some relief to investors.
Market movement remained choppy throughout the day. Selling pressure dominated early trade, but select heavyweight stocks helped limit deeper losses during mid-session. Realty and energy stocks closed with gains, while IT and auto shares ended in the red, reflecting mixed sector performance.
According to market experts, global policy uncertainty continued to keep investors on edge. Ajit Mishra, SVP, Research at Religare Broking Ltd., said that caution ahead of the US Fed’s decision, combined with renewed tariff concerns on Indian rice exports, put pressure on agri-related stocks. Persistent outflows by foreign institutional investors and the rupee slipping beyond the 90 mark also added to the nervousness.
Stocks to Watch
Swiggy
Swiggy announced a Rs 10,000-crore qualified institutional placement (QIP) with a floor price of Rs 371 per share, nearly 7% below its previous close of ₹398.05. The move aims to strengthen its balance sheet and fund growth plans.
Tata Power
The company commissioned the 400 kV Koteshwar–Rishikesh transmission line, enabling the flow of 1,000 MW of hydropower from Uttarakhand’s Tehri–Koteshwar complex to northern states, improving power availability and grid stability.
IndiGo
The aviation regulator directed the airline to cut its flight schedule by 10% after it cancelled more than 2,000 flights last week due to poor crew planning. The reduction is expected to ease operational stress and improve service stability.
Pine Labs
Pine Labs’ subsidiary Setu launched India’s first 'agentic' AI-powered bill payment service on platforms like ChatGPT and Claude. The solution allows automated bill fetching, checking anomalies, and completing payments under preset user limits.
Zydus Lifesciences
Zydus announced a strategic partnership with Germany-based Formycon AG to license and supply FYB206, a biosimilar drug referencing Keytruda, in the US and Canadian markets expanding its presence in regulated global markets.
Ola Electric
The government confirmed in Parliament that Ola is currently the only company under the battery manufacturing PLI scheme with functioning production capacity, positioning it ahead in India’s domestic EV supply chain race.

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