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Indices remain under pressure in late morning deals
Dec-08-2025

Domestic equity indies remained under pressure and were trading lower with cut of over 0.35 percent in late morning deals as market participants indulged in reducing their positions. Meanwhile, the broader markets were facing the heat of selling; the BSE mid-cap index declined by 0.94 per cent and the small-cap index was down 1.27 per cent. Traders remained on sidelines ahead of the U.S. Federal Reserve’s rate move later this week, where a cut is widely expected. Further, depreciation in Indian rupee against dollar too weighed down sentiments. Rupee weakened by 22 paise to 90.17 against the dollar at the Inter-bank Foreign Exchange market on account of increased demand for the American currency from importers and banks. Most of sectoral on the BSE were trading in red led by Realty, Capital Goods, Utilities, PSU and Telecom. 

On the global front, Asian markets were trading mostly in green following the positive cues from US markets on Friday. Sentiments got boost after China’s exports jumped more than expected in November. Outbound shipments surged 5.9% in November in U.S. dollar terms from a year earlier, beating street’s forecast for a 3.8% growth. Back home, in the stock specific development, InterGlobe Aviation tumbled as it faced a major operational crisis due to staff shortages and new crew regulations.

The BSE Sensex is currently trading at 85401.70, down by 310.67 points or 0.36% after trading in a range of 85331.22 and 85722.97. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.94%, while Small cap index down by 1.27%.

The only gaining sectoral index on the BSE was IT up by 0.04%, while Realty down by 2.70%, Capital Goods down by 1.44%, Utilities down by 1.32%, PSU down by 1.28% and Telecom down by 1.25% were the top losing indices on BSE.

The top gainers on the Sensex were Tech Mahindra up by 0.77%, HCL Technologies up by 0.68%, Infosys up by 0.51%, TCS up by 0.28% and Reliance Industries up by 0.19%. On the flip side, Bharat Electronics down by 3.41%, Bajaj Finance down by 1.73%, Eternal down by 1.73%, Axis Bank down by 1.20% and Trent down by 1.18% were the top losers.

Meanwhile, Union Minister of New and Renewable Energy Pralhad Joshi has emphasized India’s historic clean energy expansion and said that India has recorded its highest-ever addition of non-fossil capacity in the current financial year at 31.25 GW, including 24.28 GW of solar. Highlighting the recent pace of renewable energy adopting, he indicated that the world achieved 2 terawatt (TW) by 2024. Of this, the world added 1 TW of renewable energy capacity in just 2 years (2023 and 2024), while it took nearly 70 years to reach 1 TW of renewable energy capacity in 2022. 

He emphasized that India is a key driver of this explosive global surge in renewable energy. He pointed that the country’s solar capacity has grown more than 4,500%, from 2.8 GW to around 130 GW. Further, India contributed 46 GW to global solar additions during 2022 and 2024 alone, becoming the third-largest contributor. 

The Minister noted that India holds the world’s fifth-largest coal reserves and is the second-largest consumer of coal. Even with this abundance, he pointed that the country is steadily balancing coal with renewable energy as the transition gathers pace. With global mechanisms now shaping industrial competitiveness, he said India’s shift towards renewable energy has become even more urgent and strategically important.

The CNX Nifty is currently trading at 26070.05, down by 116.40 points or 0.44% after trading in a range of 26051.75 and 26178.70. There were 14 stocks advancing against 36 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 1.13%, Wipro up by 0.81%, HCL Technologies up by 0.67%, Grasim Industries up by 0.66% and Tech Mahindra up by 0.55%. On the flip side, Interglobe Aviation down by 7.47%, Bharat Electronics down by 3.49%, Bajaj Finance down by 1.88%, Eternal down by 1.78% and Max Healthcare Inst down by 1.49% were the top losers.

 Asian markets were trading mostly in green; Nikkei 225 surged 27.13 points or 0.05% to 50,519.00, Taiwan Weighted added 304.42 points or 1.09% to 28,285.31, Jakarta Composite gained 71.51 points or 0.82% to 8,704.27, Shanghai Composite strengthened 29.77 points or 0.76% to 3,932.58 and KOSPI increased 32.30 points or 0.79% to 4,132.35. However, Hang Seng declined 269.08 points or 1.03% to 25,816.00 and Straits Times fell 16.38 points or 0.36% to 4,514.98.


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