The Indian stock market closed with minor losses on Monday, December 15, as stocks recovered from a weak start but failed to gain due to limited support from banking heavyweights. The Nifty 50 ended at 26,034, a 0.05% drop from the previous close, while the S&P BSE Sensex closed 0.08% lower at 85,202.
The broader markets closed mixed, with the Nifty Midcap 100 index slipping 0.18% and the Nifty Smallcap 100 index rallying 0.20%. Sectoral performance was also mixed, with auto, pharma, and banking stocks taking a hit, while media, FMCG, consumer durables, public sector banks, and tech stocks saw buying interest.
The Indian rupee fell to a record low of 90.74 against the US dollar, making it Asia's worst performer this year. According to Vinod Nair, Head of Research, Geojit Investments Limited, persistent foreign fund outflows and a weak rupee have kept markets in a narrow range, with currency volatility likely to continue until clarity emerges on the India–US trade deal.
Praj Industries emerged as the top gainer among Nifty 500 stocks, rising 10% to ₹334 apiece. Other top gainers included Transformers and Rectifiers, Ather Energy, PVR Inox, and Shakti Pumps. On the other hand, PTC Industries led the losers' list, falling 4% to ₹17,527 apiece, followed by Vodafone Idea and auto stocks such as Mahindra & Mahindra and Hyundai Motor India.
Investors are advised to check with certified experts before making any investment decisions.
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