IGI Logo

Below the Quote on Evening Markets 17th December 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital

Indian equity benchmarks closed lower on Wednesday as cautious sentiment prevailed amid weak global cues and the profit booking and FII selling .

The Sensex slipped 120 points to close at 84,559.65, while the Nifty 50 declined 42 points to settle at 25,818.55, ending below the 25,850 mark.
Early gains were erased as selling pressure in heavyweight financial stocks weighed on the indices.
The Nifty Bank index also ended lower, falling 108 points to close at 58,927, as profit-taking emerged in select large lenders.

Broader markets underperformed the benchmarks, with the Nifty Midcap index sliding 322 points to 59,389, while the smallcap index shed nearly 1%, keeping overall market breadth firmly tilted towards declines.

Selling pressure was broad-based, with most sectoral indices ending in the red. Private banks, realty, consumer durables, FMCG and healthcare stocks declined in the range of 0.4–1%, while the media index fell 2%. In contrast, the PSU Bank index gained 1.2%, offering limited support to the market.

On the Nifty 50, Shriram Finance, SBI, Eicher Motors, Hindalco Industries and Tata Consumer were among the top gainers. On the downside, Max Healthcare, SBI Life Insurance, HDFC Life, Trent and Apollo Hospitals emerged as key drags.

In currency markets, the Indian rupee staged a sharp recovery, appreciating nearly 1% against the US dollar to close at 90.38, marking one of its strongest single-day gains in recent months.

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