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Below the Quote on Markets 16th December 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher

Indian equities ended Tuesday’s session on a weak note, extending the previous day’s decline as broad-based selling weighed on sentiment. The Sensex slipped around 533 points, while the Nifty closed below the 25,900 mark, pressured by losses in financials, metals and IT stocks.

Markets remained under pressure throughout the session amid persistent foreign portfolio outflows, a weakening rupee and lingering uncertainty around a potential India–US trade agreement. Cautious global cues and profit-taking at higher levels further dampened risk appetite.

Sectorally, the sell-off was widespread. Metal, IT, realty, oil & gas, PSU banks and private banks declined about 1% each, emerging as the top drags on the benchmarks. Consumer Durables, FMCG and telecom were the only pockets that managed to close in positive territory, offering limited defensive support.

On the Nifty50, Axis Bank, Eternal, HCL Technologies, Tata Steel and Hindalco were among the major losers, while Bharti Airtel, Tata Consumer, Titan Company, M&M and Bajaj Auto gained in trade.

The broader market also reflected the risk-off mood, with BSE Midcap and Smallcap indices falling nearly 1% each, indicating selling pressure beyond frontline stocks.

Meanwhile, the Indian rupee weakened further, closing 30 paise lower at 91.03 per US dollar, compared with the previous close of 90.73. Currency movement and foreign flows remain key variables for market direction in the near term.

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