Selling pressure emerged at higher levels, pulling the index down to close near the previous day’s low zone of 25,720-25,740
Markets closed lower for the third consecutive session on Wednesday, with benchmark indices slipping 0.32 per cent as investors adopted a cautious stance ahead of the US Federal Reserve’s policy outcome and amid persistent foreign institutional investor outflows and rupee weakness.
The Nifty 50 closed at 25,758.00, down 81.65 points or 0.32 per cent, after touching an intra-day high of 25,947.65 and a low of 25,734.55. Sensex ended at 84,391.27, declining 275.01 points or 0.32 per cent, having opened at 84,607.49 and oscillating between 85,020.34 and 84,313.62 during the session. Bank Nifty fell 261.95 points or 0.44 per cent to close at 58,960.40.
“The index opened steady and moved higher initially, hitting an intra-day high of 25,948. However, selling pressure emerged at higher levels, pulling the index down to close near the previous day’s low zone of 25,720-25,740,” said Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities.
Gainers, losers
Broader markets witnessed sharper declines, with the Nifty Midcap 100 falling 668.45 points or 1.12 per cent to 59,007.75, while the Nifty Smallcap 100 dropped 155.65 points or 0.90 per cent to 17,090.15. Market breadth remained weak, with 2,332 stocks declining against 1,857 advances on the BSE, where a total of 4,337 stocks were traded. Notably, 136 stocks hit 52-week lows compared to just 74 touching 52-week highs.
Sectoral performance was mixed, with Nifty Media emerging as the top gainer, followed by Nifty Metal. However, Nifty IT and Nifty PSU Banks led the declines among sectoral indices. Nifty Financial Services fell 145.45 points or 0.53 per cent to 27,404.30.
Among Nifty 50 constituents, Eicher Motors emerged as the top gainer, surging 1.54 per cent to ₹7,233; followed by Hindalco, which rose 1.07 per cent to ₹821.60; HDFC Life gaining 1.06 per cent to ₹771; Tata Steel advancing 0.83 per cent to ₹162; and Sun Pharma climbing 0.70 per cent to ₹1,788.50. On the losing side, IndiGo plunged 3.17 per cent to ₹4,810; Eternal dropped 3.09 per cent to ₹282.70; Trent fell 1.77 per cent to ₹4,013; Adani Enterprises declined 1.39 per cent to ₹2,213.90; and JSW Steel slipped 1.31 per cent to ₹1,093.30.
“Global equity markets experienced continued volatility due to rising Japanese bond yields and indications of BoJ monetary tightening, which are fostering risk-off sentiments in emerging markets,” said Vinod Nair, Head of Research, Geojit Investments. “Focus now shifts to the upcoming US Fed meeting, where a 25-bps rate cut is widely expected.”
Technical indicators
Technical indicators continued to show weakness. “The RSI has slipped sharply from 60 to 44 over the last three sessions, indicating weakening momentum and a shift in favour of sellers,” Shah noted. “Additionally, the MACD red histogram bars have been rising, signalling strengthening bearish momentum and an expansion in downside pressure.”
Looking ahead, market participants await cues from US Federal Reserve Chair Jerome Powell’s commentary on the likely path of interest rates in 2026. “The key focus will be on the 2026 dot-plot guidance,” said Ajit Mishra, SVP – Research, Religare Broking. “Additionally, updates from the India-US trade discussions in New Delhi will remain in the spotlight.”
Published on December 10, 2025
