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livemint.com / 5 months ago
Stock recommendations for 18 December from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: Indian stock market benchmarks – the Sensex and the Nifty 50 – ended in losses for the third consecutive session on Wednesday, 17 December, on persisting concerns over the rupee's weakness, foreign capital outflows and a delay in the India-US trade deal. The Sensex closed with a loss of 120 points, or 0.14%, at 84,559.65, while the Nifty 50 ended at 25,818.55, down 42 points, or 0.16%.
The fall was steeper for the mid- and small-cap segments. The BSE Midcap index ended 0.53% lower, while the Smallcap index fell 0.85%. The across-the-board selloff dragged the overall market capitalization of BSE-listed firms to ₹466 trillion, making investors lose ₹1.6 lakh crore in a single session.
Indian equities ended lower on 17 December, with the Nifty 50 slipping 0.16% to 25,818.55, weighed by weakness across financials, FMCG, and consumer durables. The index oscillated within a narrow range of 25,770-25,929, reflecting cautious sentiment ahead of global central bank commentary and lingering geopolitical uncertainties. Market breadth remained notably weak, as the advance-decline ratio deteriorated to 1,055 advances against 2,084 declines, signalling broad-based pressure across the broader market.
On the sectoral front, IT (+0.29%), Metal (+0.25%), PSU Banks (+1.29%), and Oil and Gas (+0.23%) provided pockets of support. On the other hand, Financial Services, Auto, FMCG, and Consumer Durables dragged the benchmarks lower. Private Banks also underperformed, mirroring risk-off positioning.
Read on livemint.comThe same topic in other media
Stock recommendations for 31 December from MarketSmith India livemint.com / 5 months ago
Stock recommendations for 30 December from MarketSmith India livemint.com / 5 months ago
Coforge-Encora deal: Will India’s largest IT acquisition reward investors? livemint.com / 5 months ago
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21.05 / 10:17
UPS
Art
Booking
wellness
film
How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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21.05 / 10:17
markets
UPS
IPO
NVIDIA
SpaceX
Even at $5 trillion, Nvidia is underappreciated
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21.05 / 10:17
markets
Digital
CEO
War
Omnicom
RK Swamy bets on integrated advertising model as global agency giants split media and creative
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markets
IPO
Racing
NVIDIA
SpaceX
SpaceX, Anthropic and OpenAI’s sprint to go public defines the AI boom’s big day
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21.05 / 09:47
markets
Analysis
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trends
Trade
FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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markets
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trends
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PI Industries’ weak core business keeps investors on edge
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consequences
‘Should I Marry a Murderer?’ has left audiences stunned but what they saw wasn’t all that bizarre
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
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21.05 / 08:45
UPS
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Mobile
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electronic
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