Nifty Ends Near Day's Low, Sensex Slumps 722 Points As BEL, SBI Shares Weigh

Defence and realty stocks were the biggest laggerd on National Stock Exchange.

(Photo credit: Freepik)

The NSE Nifty 50 and the BSE Sensex settled near day's low as InterGlobe Aviation Ltd. and Bharat Electronics Ltd. shares weighed. The NSE Nifty Midcap 150 and the NSE Smallcap 250 underperformed benchmark indices.

It's a wrap on real-time market coverage for Monday. Thanks for staying with us!

Rupee Closes Weaker Against US Dollar

  • Rupee closed 10 paise weaker at 90.09 against US Dollar

  • It closed at 89.99 a dollar on Friday

 Source: Bloomberg

Markets At Close: Nifty, Sensex Slump As IndiGo, BEL Share Prices Drag

  • Nifty slips below 26,000 mark, snaps a two-day gaining streak

  • Interglobe Aviation and Bharat Electronics are the top losers in Nifty

  • Interglobe aviation fell over 7% intraday; touches 8 months intraday low

  • Interglobe aviation fell for the 7th consecutive day

  • All sectoral indices close in red for the day

  • Nifty Realty and Nifty PSU bank bleed the most

  • Benchmarks outperformed Broader Market indices

  • Broader Market Indices under pressure

  • SMallcap 250 fell for the 5th straight session

  • Kaynes fall over 10% for the 2nd straight session

  • Kaynes and Sterling and Wilson are the top losers in Nifty smallcap 250

  • FACT and Bharat Dynamics are the top losers in Nifty midcap 150

Life Insurance Premiums Rise 12% In November; LIC Leads With Rs 31,119 Crore

India’s life insurance sector reported a 12% growth in total premium income for November, reaching Rs 15,249 crore among private players, according to data from the Life Insurance Council.

LIC continued to dominate the market with a 23% surge in premium income to Rs 31,119 crore, while SBI Life posted the highest growth among private insurers at 34.4%.

Also Read: Life Insurance Premiums Rise 12% In November; LIC Leads With Rs 31,119 Crore

Rupee Plunge To FII Sell-Off: Five Reasons Why Markets Are Falling Today

The Indian markets are facing intense pressure during Monday's trade, with the Nifty 50 trading with cuts of more than 1%. Almost all sectors are trading in the red, with Nifty Realty falling almost 4%.

The pain can be witnessed in the broader market as well, with Nifty Smallcap 250 trading with cuts of almost 2.5%. Nifty Midcap 150 is also down more than 1.5%.

Also Read: Rupee Plunge To FII Sell-Off: Five Reasons Why Markets Fell Today

Stock Market LIVE: Embassy Developments Sells Over 450 Units Worth Around Rs 860 Crore At Greenshore Project Launch

Embassy Developments sold over 450 units worth around Rs 860 crore at the launch of greenshore project in Bengaluru, the company said in the exchange filing.

Stock Market LIVE: MacRitchie Investments Will Buy 6.47% Stake In Policy Bazar Parent PB Fintech

MacRitchie Investments will buy 6.47% stake in the company, according to an exchange filing.

Stock Market LIVE: Nifty Smallcap 250 Falls To Over Seven-Month Low 

The NSE Nifty Smallcap 250 declined 2.47% to 16,087.95. Kaynes Technology India, SPARC Ltd., Tata Teleservices Ltd. were the biggest losers in the index.

Stock Market LIVE: India VIX Jumps Over 12%

The NSE India Volatility Index jumped 12.55% to 11.61, the highest level since Nov 21. It was at 6.68% higher at 11.02 as of 2:12 p.m.

Fino Payments Bank Gets Small Finance Bank License: Key Benefits, Risks And Everything In Between

In a landmark achievement for Fino Payments Bank, the lender has received 'in-principle' approval from the Reserve Bank of India to transition into a small finance bank, essentially becoming the first payments bank to do so.

Fino Payments Bank had applied for a small finance bank license back in October 2023, and the RBI approval could go a long way in boosting the lender's prospects, once it turns into an SFB.

Also Read: Fino Payments Bank Gets Small Finance Bank Licence: Key Benefits, Risks And Everything In Between

Will Kaynes Tech Shares Fall Further? Here's What Fundamental And Technical Experts Are Saying

Investors should avoid accruing long positions in Kaynes Tech, on account of recent issues around financial accounting and corporate governance, according to fundamental and technical analysts consulted by NDTV Profit.

"The company has had a serious issue regarding corporate governance. This raises questions about their numbers and projects. So until we are satisfied that adequate care is taken about their disclosure of numbers. One should stay away from the stock," said Lancelot D Cunha, CIO, ValueX Wealth Connect LLP.

Also Read: Will Kaynes Tech Shares Fall Further? Here's What Fundamental And Technical Experts Are Saying

Stock Market LIVE: Dr. Reddy's Arm In Pact With Immutep For Development & Commercialisation

Dr. Reddy's Laboratories arm is in pact with Immutep for development and commercialisation of Eftilagimod Alfa. Eftilagimod Alfa is used in Chemotherapy for lung cancer

Immutep will receive $20 million upfront payment. Immutep is also eligible to receive commercial milestone payments, royalties, the company said in the exchange filing.

Govt Reviews Vodafone Idea AGR Dues After SC Directive; Relief Talks Still At Early Stage

The government is reassessing Vodafone Idea’s adjusted gross revenue liabilities following the Supreme Court’s October directive allowing reconciliation of dues up to FY17, including interest and penalties.

Also Read: Govt Reviews Vodafone Idea AGR Dues After SC Directive; Relief Talks Still At Early Stage

Premium Spirits Surge In India: This Small Cap Is Taking Cues From Radico Khaitan's Re-Rating

Radico Khaitan has been a market darling in the liquor space, delivering 577% returns over the last five years. Its performance has been driven by one structural shift: premiumisation. Radico's Prestige & Above (P&A) portfolio has grown at a 13% CAGR since FY19, and its share of total volume has doubled from 21.6% to 46.1%.

Also Read: Premium Spirits Surge In India: This Small Cap Is Taking Cues From Radico Khaitan's Re-Rating

Stock Market LIVE: M&M Announces New Premium SUV XUV 7XO's World Premiere On Jan 5

Mahindra & Mahindra Ltd. announced a new premium SUV XUV 7XO's World Premiere on Jan 5, 2026, the company said in the exchange filing.

Stock Market LIVE: Transrail Lighting Gets Multiple Orders Worth Rs 822 Core 

Transrail Lighting received multiple orders worth Rs 822 crore, including a major international order for 400 KV Transmission Line, the companys said in the exchange filing.

November Business Update: SML Mahindra (YoY)

  • Commercial Vehicle Production rose 56% to 1,394 Units

  • Sales rose 94% to 952 units

  • Exports rose 176% to 135 units

Source: Exchange Filing

Stock Market LIVE: Orient Green's Arm Commissions 25 Megawatt Solar Power Project In Tamil Nadu

Orient Green's arm Delta Renewable Commissions 25 megawatt solar power project in Tamil Nadu, the company said in the exchange filing.

Park Medi World IPO GMP Signals Over 20% Listing Pop, Check Key Details

Private hospital chain in North India, Park Medi World is set to launch its initial public offering (IPO) to raise over Rs 900 crore from the primary market.

Ahead of the launch, the grey market premium (GMP) for the Park Medi World IPO indicates a potential listing gain of over 20% against the upper limit of the issue price.

Also Read: Park Medi World IPO GMP Signals Over 17% Listing Pop, Check Key Details

Stock Market LIVE: Venus Remedies Completes Rs 11-Crore Payment For AMR Licensing Milestones

Venus Remedies marked the completion of AMR Licensing Milestones with final payment of Rs 11 crore.

How Much Return Will Nifty Give In 2026? Samir Arora Weighs In

Helios Capital founder Samir Arora is confident that the Indian markets can bounce back in 2026, with the market veteran expecting Nifty to offer returns of up to 15% in 2026.

“I see 15% return in Nifty in 2026," Arora told NDTV Profit, highlighting that the relative underperformance in Indian markets has been blown out of proportions. “Prospects for next year look good. If you look from October onwards, India is already doing better than most markets," he added.

Also Read: How Much Return Will Nifty Give In 2026? Samir Arora Weighs In

IPO News: Corona Remedies Subscribed 11% So Far

Corona Remedies IPo was subscribed 0.11 times or 11% as of 10:33 a.m. on Monday.

  • Qualified Institutional Buyers (QIBs): Nil

  • Non-Institutional Investors (NIIS): 0.13 times or 13%

  • Retail Individual Investors: 0.16 times or 16%

  • Employee Reserved: 0.23 times or 23%

Also Read: Corona Remedies IPO Day One: Check Subscription Status, GMP, And Financials

Stock Market News: SEPC-Furlong Joint Ventures Gets Order Worth Rs 86 Crore 

SEPC-Furlong joint venture received Rs 86 crore letter of awards as service providers for Bihar Project, the company said in the exchange filing.

Stock Market LIVE: IndiGo Shares Tumble Amid Flight Cancellation Fiasco

Shares of Interglobe Aviation Ltd. are facing immense pressure in trade on Monday's session in the wake of the recent flight cancellations and the aftermath surrounding the fiasco.

The stock is currently trading at Rs 5,154, which accounts for a fall of more than 4% compared to Friday's closing price of Rs 5,370.

Also Read: IndiGo Shares Tumble Amid Flight Cancellation Fiasco — Brokerages Estimate Massive Impact

Stock Market LIVE: GK Energy Installs 7,620 Off-Gird Solar Pumps In Maharashtra

GK Energy Ltd. installed 7,620 off-grid solar pumps in Maharashtra. It delivers around 17% of total installations in MSEDCl's Guiness World Recford Solar Pump initiative, the company said in the exchange filing.

Stock Market News: Dee Development's Order Inflows Are At Rs 121 Crore In November

Dee Development order inflows during November 2025 stood at Rs 121 crore. It executed Rs 106-crore orders in November.

Sectoral Performance At Open: Nifty Defence Falls The Most

On National Stock Exchange, 10 sectoral indices declined, four advanced, and one remained flat out of 15.

Nifty Detractors: IndiGo, HDFC Bank, ICICI Bank Weigh 

InterGlobe Aviation Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Bajaj Finance Ltd., and Larsen & Toubro Ltd. weighed on the NSE Nifty 50 index.

Reliance Industries Ltd., Tata Consultancy Services Ltd., Axis Bank Ltd., Tech Mahindra Ltd., and Eternal Ltd. limited losses in the NSE Nifty 50 index.

Markets At Open: Nifty, Sensex Open Slightly Lower 

The NSE Nifty 50 and the BSE Sensex opened slightly lower on Monday as InterGlobe Aviation Ltd. and HDFC Bank Ltd. shares weighed. The indices were trading 0.09% and 0.10% down, respectively as of 9:21 a.m.

Stock Market News: PG Electroplast On Track To Meet Our Revenue And Profit Guidance of FY26

  • PG Electroplast remained on track to meet revenue and profit guidance of financial year 2026.

  • The company maintained a Rs 5,700-5,800 crore revenue guidance

  • There are no challenges on short and long term debt profile

  • Balance sheet remains solid.

  • There is no challenge on the PLI front. No plans to raise additional debt

Source: Pramod Chimmanlal Gupta, CFO, PG Electroplast

Rupee Opens Weaker Against US Dollar

  • Rupee opened 7 paise weaker at 90.06 against US Dollar

  • It closed at 89.99 a dollar on Friday

 Source: Bloomberg

Stock Market LIVE: Adani Green Energy Integrates TNFD Framework

Adani Green Energy Ltd. integrated a taskforce on nature-related financial disclosures framework. The TNFD framwork integration strengthens ambition for renewable energy growth

The company pledges no net loss of biodiversity by 2030. Adani Green Energy plans to plant 2.8 crore trees, strengthening ecological stewardship agend, the company said in the exchange filing.

Stock Market News: Kaynes Technology Conference Call Highlights

  • The company has issued detailed clarification

  • The company will ensure such situations not to happen again

  • Kaynes Technology India remains fundamentally strong and has room to grow

  • Margin will remain at 9% for 2025 annual report in the second half

  • Margins at 28% in H2 appears to be incorrect

  • Loss in the first half is driven by low revenue and high fixed cost

Source: Jairam Sampath, CFO, Kaynes Tech

Oil Steady With Focus On India Buying, Ukraine Attacks On Russia

Oil steadied as traders monitored India’s buying of Russian crude and Ukrainian attacks on its neighbor’s energy infrastructure.

Brent crude traded below $64 a barrel after posting its first back-to-back weekly gain since August, while West Texas Intermediate was near $60.

Read the full Bloomberg article here.

New F&O Rules Starting Today: Pre-Open Session, Focus On Auctions And More

National Stock Exchange of India (NSE) has made sweeping changes to the way Futures and Options (F&O) trade, effective Monday, Dec. 8.

Starting Monday, NSE will conduct pre-open sessions for equity derivatives between 9 a.m. to 9:15 a.m. During this timeframe, traders will be able to conduct call auctions, mirroring the existing pre-market session for the cash segment.

Also Read: New F&O Rules Starting Today: Pre-Open Session, Focus On Auctions And More — Explained

Meesho IPO Allotment: How To Check Status On BSE, NSE, Kfin Technologies

The allotment for the Meesho IPO will be finalised on Monday, and the company's shares will debut on Dalal Street on Wednesday, December 10.

Investors can check the Meesho IPO allotment status on the official websites of BSE, NSE and Kfin Technlogies, the registrar for the issue, by following the step-by-step guide provided below.

Also Read: Meesho IPO Allotment: How To Check Status On BSE, NSE, Kfin Technologies

PG Electroplast Refutes HDFC Securities Report Flagging Concerns On Financial Position

PG Electroplast clarified that the information and claims in a report published in the HDFC Sky Platform on Friday were factually inaccurate and misrepresents the company's actual financial position. It has reached out to the brokerage for reviewing and rectification of the in the report.

The article in question is 'PG Electroplast in Limelight After Red Flags in Financial Health Raise Warnings'.

Also Read: PG Electroplast Refutes HDFC Sky Report Flagging Concerns On Financial Position

Asian Stocks Tread Water at the Start of Fed Week: Markets Wrap

Asian stocks started the week on a cautious note as traders navigate deteriorating China-Japan relations, a heavy slate of central bank decisions and the broader outlook for risk assets heading into next year.

MSCI Inc.’s gauge of Asian equities fell 0.1%, in line with the decline in US stock index futures. Shares in Australia also dropped while the Nikkei 225 lost 0.4%. Japan’s economy shrank in the three months through September, the government confirmed in a revised report, while the nation’s relations with China cooled further.

Read the full Bloomberg article here.

LIVE: GIFT Nifty Hints At Muted Open; Biocon, Cochin Shipyard, PG Electroplast Shares In Focus

The GIFT Nifty was trading flat at 26,322 as of 6:55 a.m., which hinted at muted open. Market participants await for the outcome of the US Federal Reserve policy meeting outcome.

Traders will keep an eye on Biocon Ltd., Cochin Shipyard Ltd., PG Electroplast Ltd., Persistent Systems Ltd., and ICICI Bank Ltd. shares for news flow over the weekend.

On Friday, Indian equities moved up sharply, buoyed by the Reserve Bank of India's monetary policy decision to cut the repo rate by 25 basis points. The BSE Sensex settled at 85,712.37, gaining 447.05 points or 0.52%, while the Nifty 50 ended at 26,186.45, up 152.70 points or 0.59%.

Also Read: Trade Setup For Dec. 8: Nifty Finds Support At 25,900–25,700 After RBI Rate Cut

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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