On Tuesday, December 9, Indian equity benchmark indices closed lower, as ICICI Bank and HDFC Bank weighed on the frontline indices.
At the close, the Nifty 50 ended down by 120.90 points or 0.47% at 25,839.65, while the Sensex declined by 436.41 points or 0.51% to close at 84,666.28. Both benchmark indices extended yesterday’s loss. India's volatility index, India VIX, dropped by 1.5% today.
The sentiment is cautious ahead of the Fed's rate decision on Wednesday and due to the India-US trade deal limbo. The US Fed expected to lower rates, but Wall Street bankers anticipate fewer cuts in 2026.
Among individual stocks,
On the sectoral front, 4 out of 11 key sectoral indices ended in positive territory. Nifty IT Index companies, which earn a significant share of their revenue from the US, lost 1.19%. Nifty Auto and Nifty Pharma indices lost 0.72% and 0.52% respectively.
On the top side, Nifty PSU Bank gained 1.29%, emerging as the top-gaining sector on Tuesday. Following this, Nifty Realty, Nifty Media, and Nifty Energy ended in positive territory.
Bucking the trend, broader market indices ended in positive territory on Tuesday. The Nifty Midcap 100 index ended higher by 0.32% and Nifty Smallcap 100 advanced by 1.14%.
The Nifty small-cap index has fallen 8.18% in 2025, despite the frontline indices registering a fresh record highs in November after 14 months on the back of robust Q2 GDP growth, policy support and firm domestic inflows. The Small-cap index is 12% below the record highs hit in 2024, and nearly half the stocks in the index are still trading more than 50% below their all-time highs.
The key drivers of the index gains were:
On the other hand, these stocks dragged the index:
As of December 9, 2025, market breadth was in favour of advancing stocks. Out of 3,209 stocks traded on the NSE, 1,982 advanced, 1,135 declined, and 92 remained unchanged.
A total of 16 stocks touched their 52-week highs, while 442 hit their 52-week lows. Additionally, 56 stocks were locked in their upper circuits, whereas 81 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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