Markets extend decline for 3rd day, ahead of FOMC outcome

The domestic share market closed lower on Wednesday after a volatile day, as the Nifty settled around 25,750, marking a third consecutive session of declines ahead of the FOMC (Federal Open Market Committee) outcome.At close, the Sensex was down 275.01 points or 0.32 percent at 84,391.27, and the Nifty was down 81.65 points or 0.32 percent at 25,758.
Eicher Motors, Hindalco, HDFC Life, Tata Steel and Adani Ports were the top gainers on the Nifty while losers included InterGlobe Aviation, Eternal (Zomato), Trent, Bharti Airtel and Apollo Hospitals.On the sectoral front,metal and media indices rose 0.4% each, while IT, capital goods, realty, consumer durables, PSU Bank, private bank declined 0.5-1 percent.Broader indices underperformed the main indices with BSE midcap index losing 1 percent and smallcap index falling 0.7 percent.
Rupee Close:
On 10 Dec'25,the Indian rupee depreciated 9 paise to close at 89.97 against the US dollar on Wednesday, tracking a negative trend in domestic equities and sustained foreign fund outflows.Forex traders stated investors are in a wait and watch mode, awaiting clarity from the US Federal Reserve before taking decisive positions.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,global equity markets experienced continued volatility due to rising Japanese bond yields and indications of BOJ monetary tightening, which are fostering risk-off sentiments in emerging markets. Focus now shifts to the upcoming U.S. Fed meeting, where a 25-bps rate cut is widely expected. However, internal divisions and mixed economic indicators may temper expectations for further rate cuts in 2026. Indian markets mirrored global caution, weighed down by persistent FII outflows, INR weakness, and uncertainty surrounding U.S.–India trade negotiations despite ongoing discussions. In the near term, market direction will be influenced by central bank cues and clarity on trade developments.
Market experts recommended five shares to buy on Wednesday- Sharda Cropchem, Sandhar Technologies, Indo Borax and Chemicals, Jamna Auto Industries, and Ashapura Minechem.

(Business Correspondent)