Markets extend losses in late trade

Indian equity markets extended losses in late afternoon trade as the rupee continued its fall against the US dollar. The Indian rupee fell below Rs 91 against the US dollar which has weighed on investors’ sentiments. Further, market participants stayed away from risky bets amid persistent sell-off by foreign investors. The foreign institutional investors were the net seller of equities worth Rs 1,468.32 crore on Monday’s trade. Besides, US futures were indicating caution ahead of release of monthly US jobs report for November along with a report on retail sales in October. The data could impact the outlook for interest rates following the Federal Reserve's monetary policy announcement on December 10. 

On the global front, Asian equity markets were trading mostly in red, tracking negative cues from Wall Street overnight. European equity markets were trading mostly in green ahead of the release of Eurozone business activity data later in the day. 

The BSE Sensex is currently trading at 84687.46, down by 525.90 points or 0.62% after trading in a range of 84654.25 and 85059.96. There were 5 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.89%, while Small cap index was down by 0.68%.

The only gaining sectoral indices on the BSE were Telecom up by 0.62% and Consumer Durables up by 0.25%, while Metal down by 1.55%, Realty down by 1.50%, Basic Materials down by 1.23%, PSU down by 1.07% and IT down by 1.04% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 1.37%, Titan Company up by 1.14%, Mahindra & Mahindra up by 0.38%, Kotak Mahindra Bank up by 0.18% and Asian Paints up by 0.13%. On the flip side, Axis Bank down by 4.67%, Eternal down by 3.55%, HCL Technologies down by 2.14%, Tata Steel down by 1.88% and Bajaj Finserv down by 1.66% were the top losers.

Meanwhile, India’s flash Purchasing Managers’ Index (PMI) data report has showed that business activity in the country’s private sector continued to increase sharply in December 2025. However, the rate of expansion eased, with softer growth seen across both the manufacturing and service sectors. The HSBC Flash India Composite Output Index - a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors - fell to 10-month low of 58.9 in December from 59.7 in November 2025, growing at its slowest pace since February. However, the index remained well above the 50.0 no-change mark and therefore signalling a further steep expansion of business activity across the private sector. 

The HSBC Flash India Manufacturing PMI - a weighted average of the New Orders, Output, Employment, Suppliers’ Delivery Times and Stocks of Purchases indices - fell from 56.6 in November to 55.7 in December.  According to the report, slower rises in business activity were seen in both the manufacturing and service sectors. The weaker increases in output reflected an easing of growth in new orders, which nonetheless continued to rise sharply amid reports of improving customer demand. While the pace of expansion in total new orders eased, the rate of growth in new export orders accelerated in December and was at a three-month high. 

The report noted that inflationary pressures remained muted in December. Input costs increased modestly, and at a pace that was only slightly faster than the near five-and-a-half-year low posted in November. In addition, the pace of inflation was slower than the series average. Mild increases were seen across both the manufacturing and service sectors. In turn, output prices also increased modestly, and at the second-slowest pace in the past nine months. The rate of inflation seen in December was weaker than the average across 2025 as a whole. Services charges rose at a slightly sharper pace than was seen in November, but the rate of selling price inflation in manufacturing eased for the second month running and was the weakest since March.

The CNX Nifty is currently trading at 25850.65, down by 176.65 points or 0.68% after trading in a range of 25848.30 and 25980.75. There were 9 stocks advancing against 41 stocks declining on the index.

The top gainers on Nifty were Bharti Airtel up by 1.46%, Titan Co up by 1.11%, Tata Consumer Products up by 0.98%, Bajaj Auto up by 0.49% and Mahindra & Mahindra up by 0.42%. On the flip side, Axis Bank down by 4.76%, Eternal down by 4.02%, JSW Steel down by 2.72%, HCL Technologies down by 2.15% and Tata Steel down by 2.00% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 724.11 points or 1.46% to 49,444.00, Taiwan Weighted lost 330.28 points or 1.2% to 27,536.66, Hang Seng declined 397.88 points or 1.58% to 25,231.00, KOSPI dropped 91.46 points or 2.29% to 3,999.13, Straits Times fell 8.91 points or 0.19% to 4,580.26 and Shanghai Composite weakened 43.11 points or 1.13% to 3,824.81, while Jakarta Composite gained 0.48 points or 0.01% to 8,650.14.

European equity markets were trading mostly in green; France’s CAC rose 11.52 points or 0.14% to 8,136.40 and Germany’s DAX gained 32.39 points or 0.13% to 24,262.30, while UK’s FTSE 100 decreased 0.46 points or 0% to 9,750.85.