IGI Logo

Below the Quote on Daily Market Commentary for December 08th 2025 by By Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Indian benchmark indices concluded the day with significant losses, as the Sensex tumbled over 610 points to close at 85,103 (-0.7%) and the Nifty50 shed 226 points to settle at 25,961 (-0.9%). The market-wide sell-off was driven by cautious sentiment ahead of the US Federal Reserve's rate decision, continuous FII selling, and widespread profit booking across the broader market. Nifty Midcap and Smallcap indices declined sharply by -1.8% and -2.6% respectively. Sectorally, all indices ended in the red, with Nifty Realty (-3.5%) and Nifty PSU Bank (-2.8%) emerging as the top losers, while the Nifty IT index demonstrated relative resilience with a marginal loss of -0.3% amidst broader weakness. Primary markets continue to be active, with allotments for Meesho, Vidya Wires, and Aequs IPOs to be announced today, while four new IPOs — including the Rs.10,600cr ICICI Prudential AMC issue opening for subscription this week. Meanwhile, in a boost for Indian trade, India and Russia inked 16 agreements spanning defence, trade, economy, and healthcare at the 23rd India-Russia Annual Summit held in New Delhi last week. Overall, we expect the markets to remain volatile ahead of the US Fed policy outcome, with commentary on the interest-rate trajectory shaping global investor sentiment. On the domestic front, factors such as INR-USD movement, FII flow trends and the secondary-market liquidity environment amid elevated investor participation in primary markets are likely to influence the near-term market trajectory.

Above views are of the author and not of the website kindly read disclaimer