Markets extend losses;Nifty slips below 25,900, Sensex drops 534 pts

The domestic share market ended lower for the second consecutive day on Tuesday amid continued depreciation in rupee, and uncertainty over India-US trade deal.At close, the Sensex was down 533.50 points or 0.63 percent at 84,679.86, and the Nifty was down 167.20 points or 0.64 percent at 25,860.10. 
Bharti Airtel, Tata Consumer, Titan Company, M&M, Bajaj Auto were the top gainers on the Nifty, while losers included Axis Bank, Eternal, HCL Technologies, Tata Steel, JSW Steel.On the sectoral front,except Consumer Durables, FMCG and telecom, all other sectoral indices ended in the red with realty, oil & gas, metal, IT, PSU Bank, Private Bank down 0.5-1%.BSE Midcap and Smallcap indices were down nearly 1 percent each.
Rupee Close:
On 16 Dec'25, the Indian rupee fell 23 paise to  close at a new all-time low of 91.01 against the US dollar on Tuesday, weighed down by relentless foreign fund outflows, no breakthrough in India-US trade deal, and persistent US dollar buying.During the session, the local unit lost 36 paise from its previous close against the greenback to hit its lowest-ever level of 91.14, but regained some ground later in the day. Even a weaker greenback and a sharp decline in global crude oil prices could not prevent the slide in the local unit, forex traders said.According to information,Indian rupee lost 1 percent in the last five trading sessions against US dollar as it crossed 91 mark for the first time today, hitting record low of 91.08 per dollar, during the session.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated, continued INR weakness to fresh record lows, driven by persistent FII outflows and subdued global sentiments, dragged domestic markets into negative territory. Small and mid-caps lagged large caps, with IT, metals, banking, and realty leading losses, while consumption stocks offered limited support.Volatility is expected to remain elevated amid currency fluctuations and uncertainty over foreign inflows. Progress on the US–India trade deal and rupee stabilisation will be critical, while softer commodity prices and improving earnings visibility provide a constructive medium-term backdrop.
Market experts recommended five shares to buy on Tuesday-Wheels India, Lumax Industries, Indian Metals and Ferro Alloys, SJS Enterprises, and LG Balakrishnan & Bros.

(Business Correspondent)