Market snaps 2 day gains; Nifty below 26k, Sensex drops 610 pts

The domestic share market opened the week lower on Monday,ending its two-day winning streak as the Nifty slipped nearly 1 percent amid broad based weakness and sector-wide selling.At close, the Sensex was down 609.68 points or 0.71 percent at 85,102.69, and the Nifty was down 225.90 points or 0.86 percent at 25,960.55. 
Tech Mahindra, Wipro, HDFC Life, HCL Technologies, HDFC Bank were the top gainers on the Nifty, while losers included Interglobe Aviation, Bharat Electronics, JSW Steel, Eternal, Shriram Finance.On the sectoral front, all the sectoral indices ended in the red with realty down nearly 3.5%, while media, PSU Bank, telecom down more than 2.5% each.BSE midcap index shed 1.7% and smallcap index declined 2.2%.
Rupee Close: 
On 8 Dec'25,the Indian rupee depreciated 14 paise to close at 90.09  against the US dollar on Monday, as elevated crude oil prices and persistent foreign fund outflows dented investor sentiments.Forex traders said multiple pressures, such as sustained importer demand for the American currency, foreign fund outflows from equities, and lingering uncertainty over the India-US trade deal, are keeping investor sentiment fragile.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated, the market experienced a broad-based decline, slipping below the 26,000 mark as investors turned cautious ahead of this week’s FED policy decision. Despite robust domestic growth figures and the RBI’s recent rate cut, short-term sentiment remains overshadowed by global monetary policy concerns, persistent FII outflows, and currency depreciation. Volatility was further amplified by a surge in Japanese bond yields to multi-year highs, sparking fears of a potential unwinding of the yen carry trade.
Market experts recommended five shares to buy on Monday- Shriram Pistons & Rings, Knowledge Marine & Engineering Works, Mahindra and Mahindra Financial Svcs, Cholamandalam Investment and Fin Co, and Stylam Industries.

(Business Correspondent)