Stock recommendations for 9 December from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: The Indian stock market ended with deep cuts on Monday, 8 December, as investors sold stocks across segments amid mixed global cues. The Sensex closed 610 points, or 0.71%, lower at 85,102.69, while the Nifty 50 settled at 25,960.55, down 226 points, or 0.86%.
The BSE Midcap and Smallcap indices crashed 1.73% and 2.20%, respectively. Investors lost more than ₹7 trillion in a single session as the cumulative market capitalization of the firms listed on the BSE dropped to nearly ₹463.6 trillion from ₹471 trillion in the previous session. Indian equities ended sharply lower on 8 December, with Nifty 50 closing at 25,960.55, down 0.86%, after slipping steadily through the session amid weak global cues and broad-based selling pressure.
The market breadth was deeply negative, with only 580 stocks advancing, while 2,580 declined and 87 remained unchanged, reflecting pronounced risk aversion. On the sectoral front, selling was widespread, led by FMCG, Consumer Durables, Healthcare, PSU Banks, and Metals, each losing between 1–3%. IT and Financials also contributed to the fall, though with relatively milder declines.
Profit booking in heavyweights and caution ahead of upcoming macroeconomic data releases added to the downside. The weak advance-decline ratio underscores deteriorating market breadth and signals potential near-term consolidation unless buying interest revives at lower levels. Nifty 50 extended its corrective tone, slipping below the mid-range of its rising wedge structure, indicating waning upside momentum within the broader uptrend.
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