Summary of this article
Sensex fell 0.51% to 84,666.28, and Nifty 50 slipped 0.47% to 25,839.65
Nifty IT emerged as the top sectoral loser, falling 1.19 per cent
Broader market indices showed an opposite trend, with smallcap and midcap indices ending in green
Domestic equity benchmark indices fell for the second straight day on December 9, 2025, ahead of the US Federal Reserve’s meeting. A weaker rupee, ongoing foreign investor outflows, and uncertainty around the potential India-US trade deal also weighed on the sentiment. Decline in heavyweights and IT stocks dragged the indices lower.
At close, the Sensex was down 436.41 points, or 0.51 per cent, at 84,666.28, while the Nifty 50 was down 120.90 points, or 0.47 per cent, at 25,839.65.
However, broader market indices showed an opposite trend, with the Nifty Smallcap 100 index gaining 1.14 per cent, the Nifty Midcap 100 rising 0.32 per cent, and the Nifty Microcap 250 advancing 1.97 per cent. Nifty 500, which represents more than 92 per cent of the free-float market cap of all NSE-listed stocks, closed flat-to-negative, down by 0.04 per cent.
IT Emerges As Top Sectoral Loser
Nifty IT emerged as the top sectoral loser, falling 1.19 per cent, followed by Nifty Auto, which fell 0.72 per cent. Pharma, healthcare, metal, financial services, and oil & gas also ended in the red. On the other hand, Nifty Consumer Durables and Nifty PSU Bank led the gains, rising around 1.30 per cent each. Nifty Chemicals also gained around 1 per cent. Nifty Bank closed flat with a negative bias at 59,222.35.
Nifty 50: Top Gainers & Losers
Among the Nifty 50 index, Eternal (formerly Zomato) gained 2.28 per cent, Titan rose 1.94 per cent, and Adani Enterprises advanced 1.53 per cent, emerging as the top gainers of the day. InterGlobe Aviation, Shriram Finance, and Adani Ports also gained more than a per cent.
On the flip side, Asian Paints tumbled 4.60 per cent, Tech Mahindra fell 1.90 per cent, HCL Technologies dropped 1.82 per cent, and Wipro declined 1.53 per cent. Tata Steel, Dr Reddy’s Jio Financial Services, JSW Steel, Sun Pharma, Maruti Suzuki India, and Bajaj Auto were also among the top losers.
Stock Market Outlook
Market participants will be closely tracking the US equity market’s reaction ahead of the US Federal Reserve’s Federal Open Market Committee’s (FOMC) outcome on interest rates. The FOMC is set to announce the outcome on December 10. Chicago Mercantile Exchange’s (CME) Fed Watch Tool suggests a 89.40 per cent chance that the Fed will reduce rates by another 25 basis points (bps).
Market participants will also track the US JOLTS job openings data due later today for signs of labour-market cooling and its implications for the Fed policy. China’s consumer price index (CPI) print for November is also due and will be a key factor in gauging whether deflation risks are easing and what that means for the Asian sentiment.
