Nifty below 25,900, Sensex drops 120 pts amid weak global cues

The domestic share market indices traded on a  weak note on Wednesday, amid mixed global cues post sluggish US jobs data, persistent FII outflow and falling rupee amid delay in ‍potential India-US trade deal.At close, the Sensex was down 120.21 points or 0.14 percent at 84,559.65, and the Nifty was down 41.55 points or 0.16 percent at 25,818.55.
Shriram Finance, SBI, Eicher Motors, Hindalco Industries, Tata Consumer were among top gainers on the Nifty, while losers included Max Healthcare, SBI Life Insurance, HDFC Life, Trent, Apollo Hospitals.On the sectoral front,PSU Bank index added 1.2%, while media index shed 2%, while Private Bank, Realty, Consumer Durables, FMCG, Healthcare were down 0.4-1%.BSE Midcap index fell 0.6%, while smallcap index shed nearly 1%.
Rupee Close:
On 17 Dec'25,the Indian rupee, ended 66 paise higher to close at 90.37 against the US dollar on Wednesday, as support from easing crude oil prices was offset by uncertainty over the India-US trade deal and persistent foreign fund outflows.Forex traders said the key driver of rupee weakness in December was continued FPI selling across both equity and debt markets, with foreign investors repeatedly selling several billion dollars’ worth of Indian assets on a daily basis in the last few months, the selling intensifying in the last two months.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,global market signals remain mixed. Rising Japanese bond yields point to tighter liquidity and pressure on equity valuations, while soft U.S. labour data amplifies recession concerns and strengthens expectations of a more accommodative Fed. Domestically, the RBI’s efforts to stabilise the rupee lent support to rate-sensitive sectors. Foreign investors are pulling out funds, and emerging markets are struggling, while developed economies remain strong, showing that investors are becoming more cautious about emerging markets. Although currency stability offers temporary relief, global uncertainty and sustained foreign selling keep upside potential limited, leaving markets skewed toward a bearish bias.
Market experts recommended five shares to buy on Wednesday-Sumeet Bagadia recommends five shares to buy today - Silver Touch Technologies, Pricol, Rico Auto Industries, Avanti Feeds, and Suprajit Engineering.

(Business Correspondent)