Stock recommendations for 10 December from MarketSmith India

Subscribe to enjoy similar stories. Stock market recap: India's equity benchmarks, the Sensex and the Nifty 50, extended losses for the second consecutive session on Tuesday, 9 December, amid weak global cues ahead of the US Fed policy outcome. The Sensex closed 436 points, or 0.51%, lower at 84,666.28, while the Nifty 50 ended the day with a loss of 121 points, or 0.47%, at 25,839.65.

The mid- and small-cap segments, however, erased losses and ended higher, outperforming the benchmarks. The BSE Midcap index ended 0.60% higher, while the Smallcap index jumped 1.27%. Thanks to gains in the mid- and small-cap segments, the overall market capitalization of BSE-listed firms rose to ₹465 trillion from ₹464.2 trillion in the previous session.

Indian equities ended lower on 9 December, with Nifty 50 slipping 0.47% to 25,839.65, weighed down by weakness in IT, Auto, and Pharma stocks. The index moved within a narrow band of 25,728–25,923, failing to reclaim its previous close of 25,960, indicating near-term consolidation. Broader market sentiment, remained constructive, reflected in a strong advance–decline ratio of 1,989 advances to 1,128 declines, signalling healthy participation despite headline index softness.

On the sectoral front, IT (-1.19%), Auto (-0.72%), and Pharma (-0.52%) dragged the market, while Consumer Durables (+1.31%), PSU Banks (+1.29%), and Realty (+0.95%) outperformed. Mid- and small-cap segments also saw modest gains. Nifty 50 extended its corrective phase with a decisive bearish candle, slipping below the rising short-term trendline that supported the index over the past several weeks.