Indian Stock Market Declines, Sensex Closes at 81,508 Points

Mumbai, Dec 9 (NationPress) The Indian stock market wrapped up lower on Monday as the FMCG sector faced selling pressure, while overall market sentiment was swayed by a variety of global cues.

At the end of trading, the Sensex stood at 81,508.46, reflecting a decrease of 200.66 points, or 0.25 percent, while the Nifty closed at 24,619, down by 58.80 points, or 0.24 percent.

Shares of Hindustan Unilever Limited dropped 4 percent during early trading and ultimately fell over 3 percent or Rs 83.15, finishing at Rs 2,401 per share.

Research analyst Vaibhav Vidwani noted that market sentiment was affected by a combination of global cues and worries regarding possible rate adjustments by the Reserve Bank of India (RBI) following recent policy decisions.

Experts indicated that the domestic market exhibited a range-bound trading pattern after last week's rally.

“The surge in oil prices due to tensions in the Middle East, combined with investor caution ahead of critical economic data such as India and US CPI figures and ECB policy updates this week, affected overall sentiment,” they explained.

Capital goods and metal stocks experienced some buying interest amidst expectations of China's stimulus following an unanticipated dip in inflation.

The Nifty Bank index concluded at 53,407.75, down by 101.75 points or 0.19 percent. The Nifty Midcap 100 index finished at 58,998.75, rising 294.15 points or 0.50 percent.

The Nifty Smallcap 100 index closed at 19,528.60, increasing by 36.50 points or 0.19 percent.

On the Bombay Stock Exchange (BSE), 2,294 shares concluded in the green, while 1,776 shares ended in the red, with 170 shares remaining unchanged.

Within the Sensex roster, the biggest losers included Hindustan Unilever Limited, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance, M&M, and IndusInd Bank. Conversely, the top gainers were L&T, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, and Kotak Mahindra Bank.