

Stock recommendations for 11 December from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: The Indian stock market ended lower for the third consecutive session on Wednesday, 10 December, amid mixed global cues ahead of the US Federal Reserve policy outcome later today. Market benchmark Sensex rose as much as 354 points to hit an intraday high of 85,020.34 during the session, but failed to hold gains and dropped 629 points from the day's high.
Eventually, the 30-share pack ended 275 points, or 0.32%, lower at 84,391.27, while the Nifty 50 settled at 25,758, down 82 points, or 0.32%. The BSE Midcap and Smallcap indices fell 1.08% and 0.58%, respectively. India’s equity benchmarks ended lower on December 10th, with Nifty 50 closing at 25,758, down 0.32% (-81.65 points), after failing to sustain early gains.
Sensex also eased, tracking cautious global sentiment ahead of key macro data releases. Market breadth remained weak, with 1,353 stocks advancing against 1,753 declining, indicating broad-based selling pressure. On the sectoral front, IT led the drag with a sharp decline as global tech cues softened.
Meanwhile, Consumer Durables, Financial Services, and Private Banks also weighed on the indices. In contrast, Metals, Pharma, and Oil & Gas showed modest resilience, aided by selective buying. Nifty 50 continued its corrective phase, slipping further within the upper portion of its rising broadening structure.
Price action indicate a clear loss of momentum as the index has moved below the short-term moving averages. Recent candles reflect sustained selling pressure after repeated rejections near the upper trendline of the pattern. RSI has softened to the mid-40s, indicating waning bullish strength and a drift toward neutral-to-weak territory without yet
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