KEY HIGHLIGHTS
US Futures Gain Ahead Of FOMC Outcome
As 3:36 p.m., futures contract of Dow Jones and Nasdaq 100 were 0.1% higher each and those of S&P 500 was up 0.2%.
Economic Data Releases And Events For Dec 18 & 19
UK: Confederation Of British Industry Industrial Order Expectation — 4:30 p.m.
US: Building Permits — 7:00 p.m.
US: Current Account — 7:00 p.m.
US: Building Permits — 7:00 p.m.
US: Energy Information Administration Crude Oil Inventories — 9:00 p.m.
US: Federal Fund Rates — 12:30 a.m.
US: Federal Open Market Committee Economic Projections — 12:00 a.m.
US: FOMC Statement — 12:30 a.m.
US: FOMC Press Conference — 1:00 a.m.
Australia: Melbourne Institute Inflation Expectations — 5:30 a.m.
Australia: Mid–Year Economic & Fiscal Outlook
Japan: Bank of Japan Policy Rate
Japan: BoJ Monetary Policy Statement
Japan: BoJ Press Conference
Europe: Current Account — 2:30 p.m.
Nifty, Sensex Drop Nearly 2% In Three Days Ahead Of US Fed Decision; Private Banks Stocks Weigh: Market Wrap
The NSE Nifty 50 and BSE Sensex declined nearly 2% in last three sessions to Wednesday as market participants look forward to the policy decisions from the US Federal Open Market Committee. Private banks stocks weighed on the Indian benchmarks the most in last three sessions.
The Nifty 50 ended 137.15 points or 0.56% down at 24,198.85, and the Sensex ended 502.25 points or 0.62% down at 80,182.20.
During the session, the Nifty 50 fell 0.76% to 24,149.85, and the Sensex declined 0.79% to 80,050.07.
The Indian currency touched a record low of 84.96 against the US dollar, which also affected sentiment of the investors.
The US rate–setting panel is expected to cut rate by 25 basis points. Traders will analyse Chair Jerome Powell's speech for insight about the FOMC's future course of policy action.
"In this volatile environment, traders are advised to remain cautious, use strict stop-loss strategies, and avoid carrying long positions overnight to mitigate risks," said Hardik Matalia, a derivative analyst, Choice Broking.
"After the initial fall in the opening trade, the Index remained rangebound for the rest of the day before concluding the session at 24,198.85 with a loss of 137.15 points," said Aditya Gaggar, director, Progressive Shares.
"Barring IT and Pharma, all the other sectors ended in red, with Media and PSU Banking being the major laggards. Selling pressure was also witnessed in the Broader markets, as Mid and Smallcaps corrected by 0.64% and 0.87%, respectively. Nifty50 has made another bearish candle, but on the hourly chart, the Index has entered an oversold condition, and a bounce is warranted. The immediate resistance and support are placed at 24,370 & 24,100 respectively," Gaggar said.
HDFC Bank Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., Tata Motors Ltd., and Bharti Airtel Ltd. weighed on Nifty 50.
Reliance Industries Ltd., Trent Ltd., Tata Consultancy Services Ltd., Dr. Reddy's Laboratories Ltd., and ITC Ltd. limited losses to the Nifty 50 index.
On NSE, nine sectors declined, two advanced, and one remained flat out of 12. The NSE Nifty Media declined the most. The NSE Nifty Pharma rose the most.
Broader indices also fell. BSE Midcap ended 0.6% down and BSE Smallcap lost 0.8%.
Only BSE Focused IT, BSE IT, and BSE Healthcare rose of the 21 sectoral indices on the BSE and remaining fell.
Market breadth was skewed in the favour of sellers. As many as 2,554 stocks fell, 1,449 rose, and 96 remained unchanged on the BSE.
Rupee Ends At Record Closing Low Against US Dollar
Rupee weakened by 5 paise to end at a record closing low of 84.95 against the US Dollar.
The currency weakened to 84.96 during the day.
It closed at 84.90 on Tuesday.
Source: Bloomberg
Market At Close
The NSE Nifty 50 and BSE Sensex declined for three days in a row.
Financial services stocks weighed on the benchmarks in last three days.
Reliance Industries Ltd., Trent Ltd., and Tata Consultancy Services Ltd. were top contributors
HDFC Bank Ltd., ICICI Bank Ltd., and Larsen & Toubro Ltd. were top draggers in the Nifty 50 index.
The NSE Nifty Pharma rose the most. It ended 1.02% higher at 22,299.35.
The NSE Nifty Media declined the most. It ended 2.23% down at 1,937.95.
The NSE Nifty Midcap 150 ended 0.57% down at 21,629.15.
The NSE Nifty Smallcap 250 ended 0.68% down at 18,118.60
Stock Market Live Updates: IIFL Finance To Consider Fundraise On Dec 23
IIFL Finance Ltd. is to consider raising of funds on Dec 23, according to data on exchange filing.
HCLTech Launches Innovation For SAP Business AI In Germany
HCLTech has launched an innovation lab for SAP Business AI in Germany, as well as another innovation lab aimed at enabling digital transformation for its clients, according to an exchange filing.
Stock Market Live Updates: Le Travenues Technology Introduces Travel Guarantee
La Travenues Technology Ltd.'s Ixigo has introduced a 'Travel Guarantee' to offer a 3 times refund on unconfirmed waitlisted train tickets, according to an exchange filing.
Stock Market Today: TVS Holdings' Arm To Buy Stake In Radial (Phase II) IT Park
TVS Holdings Ltd.'s arm, TVS Emerald, has entered into two share purchase agreements with Radial (Phase II) IT Park and Radial (Phase III) IT Park. The company will acquire Radial (Phase II) IT Park for Rs 234 crore and Radial (Phase III) IT Park for Rs 342 crore, according to an exchange filing.
Rupee Weakens To Fresh Record Low Against US Dollar
Rupee weakened to a record low of 84.95 against the US dollar.
The domestic currency depreciated by 5 paise during the day.
Rupee is 5 paise away from touching the psychologically crucial 85 mark.
Source: Bloomberg
European Markets Gain Before Central Banks' Policy Decisions
Share indices in the Eurozone were trading slightly higher on Wednesday before the policy outcome from the Bank of England and the US Federal Reserve.
The UK Consumer Price Index rose to 2.6% on the year in November in line with estimates. The core CPI rose to 3.5% on the year in the previous month against expectation of 3.6% rise.
Renault share price surged over 7% so far today on news of Nissan and Honda entering into merger talks. Renault owns stakes in the Nissan.
Market participants await decisions from the US Federal Reserve and the Bank of England.
Stock Market Today: Blue Cloud Solutions Completes Project Worth $150,000
Blue Cloud Softech Solutions Ltd. has completed its latest international project worth $150,000 with the USA, which involved the implementation of BLURA, an AI-enabled media communication platform, according to an exchange filing.
Most Asian Markets End Higher
Most markets in Asia–Pacific concluded Wednesday on a positive note. The Nikkei closed lower despite data showed that trade deficit grew much less than what analysts anticipated as exports rose more than expectations.
Market participants now await the US Federal Open Market Committee's rate decision and dot plots for further guidance.
Stock Market Today: Kfin Technologies Joins BlackRock's Aladdin Provider Network
KFin Technologies Ltd. has joined BlackRock's Aladdin Provider Network to enhance its operating model with asset managers, according to an exchange filing.
Stock Market Live Updates: Shriram Finance Raises $1.3 Billion Multi–Currency Syndicated Loan
Shriram Finance Ltd. has raised a $1.3 billion multi-currency syndicated loan through a private non-banking financial company, according to an exchange filing.
Stock Market Update: Poonawalla Fincorp Approves Borrowing Limit To Rs 50,000 Crore
Poonawalla Fincorp has approved raising its borrowing limit to Rs 50,000 crore from the earlier limit of Rs 25,000 crore, according to an exchange filing.
Stock Market Live Updates: HAL's US Based Arm Gets Order Worth Rs 11 Crore
Hindustan Aeronautics Ltd. US-based arm, MMCPL, was awarded a supply contract worth Rs 11 crore on Nov 27. Additionally, the company has clarified a report regarding the US penalizing companies that bribed HAL, Railways, and IOC, according to an exchange filing.
Stock Market Live: ITC Fixes Jan 6 As Record Date
ITC has fixed January 6 as the record date for determining the shareholders to whom ITC Hotels Ltd shares will be allotted, according to an exchange filing.
Stock Market Today: Power Grid Corp Approves Raising Rs 4,250 Crore
The board of Power Grid Corp of India has approved raising up to Rs 4,250 crore through bonds on a private placement basis, according to an exchange filing.
Stock Market Live: Innovision Files For IPO
Innovision Ltd. has filed for an initial public offer, aiming to issue fresh shares worth Rs 255 crore. The IPO will also include an offer for sale of up to 1.8 million shares, according to the DRHP.
Stock Market Today: J. Kumar Infraprojects Gets Order Worth Rs 632 Crore
JKumar Infraprojects Ltd. has received a Letter of Award worth Rs 632 crore from NBCC (India) Ltd. for the development of Hari Nagar Colony in Delhi, according to an exchange filing.
Stock Market Live: DroneAcharya In Pact With Volatus Aerospace To Enhance Logistics and Services In India
DroneAcharya Aerial Innovations Ltd. has entered into a pact with Volatus Aerospace to enhance drone-based logistics and services in India, according to an exchange filing.
Crude Oil Prices Reverse Losses On Supply Worries
Crude oil future prices reversed losses on Wednesday after news report said that crude stocks declined in the US which weighed on the commodity's supply outlook.
According to American Petroleum Institute crude stock declined 4.69 barrels in the week ended Dec 13, Reuters reported citing a source.
Stock Market Today: Dynamatic Technologies Awards Contract To Supply Airbus To Aequs
Dynamatic Technologies has awarded a contract to Aequs for the supply of Airbus parts, according to an exchange filing.
Stock Market Today: Brokerages' Stocks Decline
Most brokerages' stocks declined on Wednesday after an issue at Central Depository Services (India) Ltd. affected stock sales by traders. However, Zerodha said that the issue at the depository is resolved.
CDSL Share Price Reverse Two–Day Gaining Streak
Central Depository Services (India) Ltd. share price snapped a two–day gaining streak after Zerodha flagged due to an issue traders may face problem in authorising stock sales.
It declined as much as 1.09% to Rs 1,944.00 apiece, the lowest level since Dec 16. It was trading 0.97% down at Rs 1,945.60 apiece as of 10:58 a.m.
Traders May Face Problem In Authorising Stock Sales Due Issue At CDSL
Due to an issue at Central Depository Services (India) Ltd. across brokers, traders may face an issue with authorising the sale of stocks. Zerodha is in touch with CDSL to have the issue resolved at the earliest.
In the meantime, traders can sell holdings without the need for CDSL authorisation, Zerodha said in an post on X
Stock Market Today: Enviro Infra Shares Tumble Ahead Of Q2 Earnings Announcement
Shares of Enviro Infra Engineers Ltd. slipped 10% in early trade on Wednesday after the company's price band for its trading circuit was revised from 20% to 10% on the national bourses.
Stock Market Live: Kalpataru Projects Raises Fund Via QIP
Kalpataru Projects International Ltd. has raised Rs 1,000 crore through a Qualified Institutional Placement, according to an exchange filing.
Mishra Dhatu Nigam Sees 50-60% Improvement In Production Enhancement Next Year
Mishra Dhatu Nigam Ltd. sees 50-60% improvement in production enhancement next year. The company estimates impact of 25-30% capacity enhancement this year, SK Jha, chairman and managing director said to an interview to NDTV Profit.
Lot of potential for Mishra Dhatu Nigam to indigenize project in short time. The company expects to maintain projections from financial year 2025, Jha said.
Stock Market Live: Edelweiss Share Price Falls After Touching Two–Month High
Edelweiss Financial Services Ltd. share price declined after touching a two–month high. It was trading 1.54% down at Rs 136.50 apiece as of 10:03 a.m., as compared to 0.26% decline in the NSE Nifty 50 index.
Gold Prices Slightly Down As Traders Await FOMC Decision
Gold spot and future prices were trading slightly down as traders await the outcome of the US Federal Open Market Committee, due to be published later today. The expectation is that there'll be quarter–basis–point rate cut.
The Bloomberg spot Gold was 0.10% down at $2,644.16.
Stock Market Today: VA Tech Wabag Share Price Falls The Most In Four Years
VA Tech Wabag Ltd. share price declined the most in four years as the company informed the order win for Saudi Arabi's desalination project got cancelled.
Nifty, Sensex Decline At Open As Private Banks Stocks Drag: Opening Bell
The NSE Nifty 50 and BSE Sensex declined at open as private banks stocks weighed. ICICI Bank Ltd. and HDFC Bank Ltd. shares were top dragger in the benchmark Nifty 50 during open.
As of 09:17 a.m., the Nifty 50 was 22.45 points or 0.1% down at 24,313.55, and the Sensex was 65.73 points or 0.1% down at 80,618.72.
The Nifty 50 has reversed its last week gains and closed near the support of 20-day average and sustenance below it could trigger further breakdown in index pivotal f The congestion range of the short- and medium-term averages will trigger an extended move from current levels over the next few days, said Vikas Jain, head, research at Reliance Securities.
RSI is trending below the average line and other key technical indicators are near the lower end of the range at current levels. f Highest call OI has moved lower to 24,700 strikes while the downside the highest put OI moved lower to 24,000 for the weekly expiry, Jain said.
Larsen & Toubro Ltd., ICICI Bank Ltd., Tata Motors Ltd., HDFC Bank Ltd., and Reliance Industries Ltd. weighed on the Nifty 50 index.
Sun Pharmaceutical Industries Ltd., ITC Ltd., Shriram Finance Ltd., Bharti Airtel Ltd., and HCLTech Ltd. added to the Nifty 50 index.
On NSE, nine sectors declined, three advanced out of 12. The NSE Nifty Media declined the most, and the NSE Nifty Pharma rose the most.
The BSE Midcap and Smallcap indices were trading 0.02% and 0.09% down, respectively.
On BSE, 15 sectors declined and six advanced out of 21. The BSE Capital Goods declined the most, and the BSE Focused IT rose the most.
Market breadth was split evenly between sellers and buyers. Around 1,492 stocks declined, 1,477 stocks advanced, and 104 stocks remained unchanged on BSE.
Stock Market Today: Nifty Down, Sensex Flat At Pre–Open
The NSE Nifty 50 was 0.16% or 38.05 points down at 24,297.95, and the BSE Sensex was 0.02% or 18.19 points down at 80,666.26.
"Indian markets faced considerable selling pressure yesterday, with FIIs offloading ₹6,409 crore in the cash market. Index heavyweights witnessed significant profit-booking. We expect the Nifty to trade within the range of 24,000 to 24,600, with a mildly bearish tone as participants maintain cautious positions ahead of a key event. Bank Nifty is expected to trade between 52,100 and 53,200," IFA Global Research Academy said.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.75%. It closed at 6.76% on Tuesday, according to data on Bloomberg.
Rupee Opens Weaker Against Dollar
Rupee weakened by two paise to open at 84.92 against the US dollar. It closed at 84.90 on Tuesday, according to data on Bloomberg.
Stock Market Today: Geojit Financial Services On Vodafone Idea
Maintain Hold with a target price at Rs. 8.6, which implied an upside of 10%.
Target is based on 11.9x FY26E EV/EBITDA.
Fund-raising proposal expected to support expansion plan, payment of debt
While tariff hike increased ARPUs, revenue rose only marginally
Expects subscriber base to grow with expansion of 4G, 5G roll out in key geographies
Stock Market Live Updates: Rites Gets Order Worth Rs 123 Crore Meerut Development Authority
Rites Ltd. has received an order worth Rs 123 crore from the Meerut Development Authority for providing consultancy services, according to an exchange filing.
Stock Market Today: Nuvama On Gas Stocks
Maintains 'Reduce' on Indraprastha Gas Ltd, Mahanagar Gas Ltd. and Hold on Gujarat Gas Ltd.
Believed fundamentals are unsupportive of latest rebound of gas stocks
Rebound in stocks on potential GST implementation that has uncertain benefits
While a GST rollout could imply a 9–11% upside for FY26 Ebitda, benefits would largely be passed on to consumers
Expect a Rs 1–3 per unit margin reduction; 17–44% QoQ decline in Q3 margins for gas cos
Q4FY25 to impact gas stocks gas cos will firm up long-term gas supply contracts
Volume growth in sector likely to suffer on reduced competitiveness of CNG to petrol and diesel
Stock Market Live: Antique Stock Broking On Real Estate
Bengaluru channel checks suggest approval challenges receded
Upcoming launches crucial for developers to meet FY25 guidance
Optimistic on project launches in Bengaluru, enabling players to surpass guidance
Key companies with significant launch pipeline in Bengaluru:
Prestige Estates, Godrej Properties,
Brigade Enterprises, Sobha,
Aditya Birla Real Estate, Macrotech Developers
Top Picks:
Maintain Buy on Aditya Birla Real Estate, TP Rs 3,804 (+40.2%)
Maintain Buy on Oberoi Realty, TP Rs 2,688 (+16.1%)
Stock Market Live: Nuvama On Coromandel International
Key Takeaways from Analyst Meet
Stock upgraded to ‘BUY’ from ‘HOLD’ with target price of Rs 2,347; potential upside 30%
Backward integration to boost EBITDA/ton by 40%
Focus on organic and inorganic growth in crop protection business.
Plans to double retail footprint and expand pan-India, including northern markets.
Opportunities in adjacent sectors like CDMO, drones, nano fertilisers
FY26E/27E EPS revised up by 2%/4%.
Plans to launch ~20 new domestic formulations.
Capex of Rs 160 cr for two new multi-purpose plants, operational by FY26/27.
Early entry strengthens Coromandel’s position in the nano fertiliser market.
Most Asia Stocks Rise Ahead Of Fed Meet Outcome
Most markets in Asia–Pacific region were trading higher ahead of the Federal Reserve meet outcome, due to be published later today.
The Nikkei 225 was 0.23% down. The S&P ASX 200 and KOSPI were trading 0.29% and 0.89% higher, respectively.
US Stocks End Lower As FOMC Meet Starts
On Tuesday, US share indices ended lower as the Federal Open Market Committee started its two–day policy meeting. The rate–setting panel is widely expected to cut rate by 25 basis points.
The Dow Jones Industrial Average and S&P 500 ended 0.61% and 0.39% down. The Nasdaq Composite settled 0.32% down.
GIFT Nifty Above 24,300; Ambuja Cements, Jindal Saw, Minda Corp Share Prices In Focus
The GIFT Nifty was trading above 24,300. Ambuja Cements Ltd. Jindal Saw Ltd., Piramal Enterprises Ltd., and Minda Corp Ltd. share prices are likely to react on news flow. Meanwhile, One Mobikwik Ltd. shares are set to list on the exchanges today.
The GIFT Nifty was flat at 24,364.50 as of 06:36 a.m.
The benchmark equity indices extended its fall for the second consecutive day on Tuesday, losing nearly 2% since Friday amid weak sentiment in the global markets a day ahead of the outcome of the US Federal Reserve's meeting.
The NSE Nifty ended 332.25 points or 1.35% down at 24,336 and the BSE Sensex closed 1,064.12 points or 1.3% lower at 80,684.45.
RECOMMENDED FOR YOU
Is The Stock Market Open Or Closed On Independence Day? Check BSE, NSE Schedule Here
Aug 14, 2025
Stock Market Highlights: Nifty, Sensex Shrug Off Trump Tariff Jitters As Bulls Charge Back In Last Hour
Aug 07, 2025
Stock Market Highlights: Nifty, Sensex Close Higher As Bank Stocks Lead
Jul 21, 2025
Stock Market Highlights: Nifty, Sensex Log Third Week Of Losses On Earnings Headwind
Jul 18, 2025
POPULAR