Updated: December 9, 2025, late morning (around 11:30 am IST). All prices and percentage moves are intraday and may change by close. This article is for information only, not investment advice.
Market snapshot: broad sell-off, mid- and small-caps hit harder
Indian equities extended Monday’s weakness into Tuesday’s session, with selling pressure spreading across frontline indices and the broader market.
By around 11:00 am IST, the BSE Sensex was hovering near 84,634, down about 468 points (≈0.55%), while the NSE Nifty 50 traded around 25,819, also lower by roughly 0.55%. Mid- and small-cap indices underperformed, with the Nifty Midcap and Nifty Smallcap gauges down about 1.5% each. [1]
Volatility picked up: the Nifty VIX was up more than 5% in early trade, signalling jittery sentiment. [2]
Market breadth was extremely weak. On the NSE, only about 16% of stocks were in the green, with roughly 391 gainers vs 2,346 decliners, and over 380 stocks hitting 52‑week lows by mid-morning. [3]
Sectorally, every major index was in the red:
- Nifty Auto, IT and Metal fell more than 1% each. [4]
- Media, mid/small IT & telecom indices were also down between 1.7–1.9%. [5]
- Financials, realty, PSU banks and FMCG joined the sell-off, extending Monday’s broad-based slide below the 26,000 mark on Nifty. [6]
Against this backdrop, a clutch of stocks emerged as the biggest losers today on the Indian stock market.
Nifty 50 & Sensex: Asian Paints, IT heavyweights and autos lead large-cap losers
Index heavyweights under pressure
Live large-cap heatmaps from ET Now and index-wise loser lists show that a familiar set of blue chips is dragging the benchmarks lower today: [7]
Among the biggest large-cap losers (NSE / Nifty universe):
- Asian Paints – Down around 3.8–4% near ₹2,810–2,820, making it the single biggest loser among widely tracked frontline names. It also tops the Sensex losers’ list. [8]
- Infosys – Lower by roughly 1.7% around ₹1,584 as IT stocks face renewed selling ahead of the US Federal Reserve meeting. [9]
- Mahindra & Mahindra (M&M) – Down about 1.5–1.6%, reflecting pressure across autos after a strong run-up in recent months. [10]
- Wipro – Falling around 1.5% to the mid‑₹250s. [11]
- Jio Financial Services – Dropping about 1.4–1.6% in intraday trade to the low‑₹290s, as financials see profit-booking. [12]
- Tata Steel – Lower by roughly 1.3–1.4%, mirroring weakness across metals. [13]
- Tata Consultancy Services (TCS) – Down about 1.3–1.6% near ₹3,180–3,195, adding to IT sector drag. [14]
On the Sensex, Business Standard’s live blog shows a similar picture: Asian Paints, Tech Mahindra, Trent, Eternal, Reliance Industries, TCS, UltraTech Cement, Tata Steel, M&M, Tata Motors Passenger Vehicles, HCL Tech and Bharat Electronics feature among the top losers, with only Hindustan Unilever and Bharti Airtel in positive territory by 11:00 am. [15]
This combination of weak IT, autos, cyclicals and high-valuation consumer names is what’s pulling both Nifty 50 and Sensex lower today.
Biggest losers across NSE & BSE: LT Foods, ITC Hotels, Coforge stand out
Beyond the main indices, Mint’s Top Losers screens for NSE and BSE, updated shortly after 11:00 am, highlight where the deepest cuts are today. [16]
Top NSE losers by percentage (around 11:05 am IST)
According to the NSE Top Losers page: [17]
- LT Foods – Around ₹369, down about 6.15%, among the worst-performing stocks in the country today.
- ITC Hotels – Near ₹196, down roughly 4.4%.
- Coforge – Around ₹1,869, lower by about 4.2%.
- Asian Paints – Again features here, off nearly 4%.
- Ather Energy – Trading around ₹650–680, down about 3.6% intraday. [18]
- Balrampur Chini, United Breweries, Minda Corporation, eClerx Services and Hero MotoCorp – All broadly down between 2.8% and 3.6%. [19]
Top BSE losers by percentage (around 11:10 am IST)
On BSE, Mint’s Top Losers – BSE page shows a very similar list, with some additional mid- and small-cap names: [20]
- Coforge, Asian Paints, GR Infraprojects, eClerx Services, Balrampur Chini, MMTC, United Breweries, Minda Corporation, Go Digit General Insurance, Hero MotoCorp, Sobha, IPCA Laboratories – mostly down 2.5–4.5%.
- Further down the list, mid-tier names like JSW Holdings, ZF Commercial Vehicle Control Systems India, Escorts Kubota, Doms Industries, Aditya Birla Real Estate, Shyam Metalics, KEI Industries, Sapphire Foods, Dr Lal PathLabs, Maharashtra Seamless, Asahi India Glass, Siemens and 3M India are all off around 1.9–2.5%.
In short, today’s biggest losers are concentrated in:
- Rice & agri/food exporters
- IT services & tech-focused midcaps
- Hotels, real estate and consumption names
- Select auto and industrial plays
Stock-by-stock: why these names are falling today
1. Rice exporters: LT Foods, KRBL & peers hit by fresh US tariff risk
One of the clearest thematic moves today is in rice-export stocks.
- LT Foods shares slumped more than 7% in morning trade to around ₹362–365, hitting a six-month low, after reports that US President Donald Trump is considering higher tariffs on rice imported from India. [21]
- A Mint and Moneycontrol round-up notes that KRBL, GRM Overseas, Chaman Lal Setia and other rice exporters also fell between 2–7%, as investors repriced the risk to export volumes and margins. [22]
A Fortune India report adds context: US farmers have accused India, Thailand and China of “dumping” rice and are lobbying Washington to “double‑down” on tariffs, intensifying fears of a trade skirmish that directly hits Indian agri exporters.
Takeaway: LT Foods tops the national loser board today largely because of policy risk, not a company-specific earnings shock.
2. IT stocks: Coforge, Infosys, TCS, Wipro slide ahead of Fed decision
IT counters are at the heart of today’s drop:
- Coforge fell about 4–5% to roughly ₹1,855–1,870, touching its lowest level in nine sessions, even as global brokerage Morgan Stanley reiterated an Overweight call and raised its target price to ₹2,030. NDTV Profit notes that around 38 analysts track the stock, with a majority rating it “buy” and the average 12‑month target implying mid‑single-digit upside from current levels.
- Larger peers Infosys, TCS and Wipro are down around 1.3–1.7%, featuring prominently on the Nifty losers list. [23]
Why the pressure? NDTV and other market reports stress that traders are waiting on the US Federal Reserve’s final policy meeting of 2025, where a rate cut is widely expected but the pace of easing in 2026 is uncertain. Tight or slower‑than‑expected US monetary conditions tend to weigh on Indian IT exporters, given their heavy exposure to US and European clients. [24]
Takeaway: IT names are falling in anticipation of global policy signals, even though many still enjoy relatively constructive long-term broker views.
3. Hotels and consumption plays: ITC Hotels and Asian Paints extend correction
ITC Hotels: sharp fall despite bullish brokerage calls
ITC Hotels is among the sharpest mid-cap losers today:
- NDTV Profit reports the stock fell as much as 5.57% to around ₹194, before trimming losses to trade roughly 4.5–4.6% lower, even as the broader Nifty was down just over 0.5% at that time. [25]
- The drop comes despite a fresh “Buy” rating from ICICI Securities and a positive sector view from Macquarie, which argues that a roughly 12% valuation correction in Indian hotel stocks since August has opened a more attractive entry window. Macquarie continues to like Lemon Tree Hotels, ITC Hotels and Chalet Hotels in the space.
Fundamentals remain solid: ITC Hotels reported a 74.3% year‑on‑year jump in Q2 FY26 net profit and high‑single-digit revenue growth, with Ebitda margins improving as well.
Interpretation: The stock’s slide looks more like short-term de‑rating and profit‑booking in a risk‑off tape, rather than a sudden change in business prospects.
Asian Paints & other consumer names
Asian Paints is the headline large-cap loser today across both NSE and BSE screens, down roughly 3.8–4%. [26]
No major negative company-specific news is widely reported this morning. Instead, market blogs point to:
- Rich valuations in high‑quality consumer names
- A wave of profit-booking after a strong run
- A generally risk‑off tone with foreign institutional investors (FIIs) selling equity and the rupee weakening. [27]
Similar pressure is visible in United Breweries, Hero MotoCorp and other consumption/auto names, which are all down around 3% intraday. [28]
4. Real estate & midcaps: Sobha, Aditya Birla Real Estate, KEI and Escorts among laggards
Real estate and capital‑goods‑linked midcaps—stars of the 2024–25 bull run—are seeing meaningful profit‑taking:
- Sobha and Aditya Birla Real Estate are down about 2.2–2.8%.
- KEI Industries, Escorts Kubota and ZF Commercial Vehicle Control Systems India are off around 2–2.3%. [29]
Analysts had already flagged that realty, PSU bank and midcap indices were stretched, especially after Monday’s sell-off in real estate and PSU banks drove Nifty below 26,000. [30]
Takeaway: Today’s moves look like a continuation of position lightening in crowded trades rather than a new fundamental shock.
5. New-age & recently listed names: Ather Energy and Go Digit
Ather Energy and Go Digit General Insurance—both relatively recent and high‑beta listings—also show up high on today’s loser tables:
- Ather Energy is down over 3% around ₹650–680, even though 6‑month and 1‑year performance numbers still show the stock more than doubling over that period.
- Go Digit is down about 2.5–2.8% around ₹335, according to NSE and BSE loser lists.
Given their steep post‑listing rallies and premium valuations, these stocks tend to amplify broader risk sentiment—falling more when markets turn cautious and bouncing faster when risk appetite returns. (That’s an inference based on their price history and high valuation multiples.)
Why is the Indian stock market down today?
Across broker notes and media coverage, four main themes explain today’s slide:
1. Profit-booking after a strong run and “Monday shock”
- On Monday (8 December), the Nifty 50 fell 0.86% to 25,960.55, slipping below 26,000, while the Sensex dropped about 0.71%—its lowest close in nine sessions. Real estate and PSU banks were among the worst hit.
- Business Standard quoted JM Financial research saying Indian market valuations are around 21x one‑year forward earnings, roughly one standard deviation above the long-term average, leaving little room for disappointment.
Today’s selling is widely seen as continuation of that de‑risking after an extended rally.
2. US Federal Reserve uncertainty & global risk-off
- NDTV and ET Now point out that Wall Street retreated overnight as investors turned cautious before the Fed’s final policy meeting of 2025, where a 25‑bp cut is expected but future rate‑cut guidance is in focus.
- Tight or slower‑than-expected easing in US monetary policy keeps global financial conditions restrictive, weighing especially on exporters and rate‑sensitive sectors.
3. Rupee depreciation & FII outflows
- HDFC Sky notes that the continuing slide in the rupee against the dollar is “adding to market anxiety.”
- ET Now’s Nifty outlook piece highlights that FIIs sold about ₹655 crore of equities on Monday, even as domestic institutions absorbed some of the supply.
Foreign selling combined with currency weakness naturally pushes risk‑averse investors to lock in profits in high‑flyers.
4. Emerging US–India trade tensions: rice tariffs
- Reports that President Donald Trump may impose higher tariffs on Indian rice imports have triggered a sharp, sector‑wide sell‑off in Indian rice exporters and related FMCG plays.
- This is a clear example of policy and geopolitical risk translating almost instantly into sector‑specific stock price damage.
Nifty forecast: what analysts are watching after the sell-off
A detailed Nifty 50 technical note from ET Now, published this morning, offers a short-term roadmap for traders:
Key takeaways from multiple technical analysts:
- Structure: Monday’s drop created a “long bear candle” on the daily Nifty chart and pushed the index below the 21‑day moving average and the 26,000 zone, confirming a short-term corrective phase.
- Immediate support:
- Several analysts see 25,800–25,850 as the immediate support band.
- A break below roughly 25,730–25,750 could open the door to 25,500–25,300 in the near term.
- Resistance:
- On the upside, resistance is seen around 26,000–26,150, with some calling 26,200–26,325 a “strong supply zone” where rallies may attract profit‑taking.
- Trend bias:
- Indicators like MACD and RSI have turned cautious, and some experts expect Nifty to oscillate in a broader 25,800–26,200 range until a fresh catalyst emerges.
Most of these notes emphasise a stock‑specific, defensive bias in the very short term, while acknowledging that India’s macro fundamentals (growth, corporate earnings) remain supportive over a longer horizon.
What this means for investors (not advice)
Days like today are unsettling, especially when big, “safe” names show up among the worst losers. A few broad, non-personal points to keep in mind:
- Intraday loser lists change quickly. LT Foods, ITC Hotels, Coforge, Asian Paints and others may not remain the top losers by the closing bell, and sharp intraday drops are sometimes followed by equally sharp bounces. Always check live prices before acting.
- One-day moves don’t equal long-term verdicts. For example, ITC Hotels and Coforge are falling today even as multiple brokerages remain constructive on their multi‑year prospects and maintain positive ratings.
- Macro & policy risks matter. The rice tariff story shows how headline risk can abruptly change sector sentiment, especially in export‑linked names.
- Risk management beats prediction. With Nifty in a short-term corrective phase and support zones being tested, analysts are generally urging caution and selectivity rather than aggressive bottom‑fishing, especially in richly valued pockets like real estate, smallcaps and some consumer names.
If you’re considering any of the stocks mentioned, it’s important to evaluate:
- Your investment horizon and risk tolerance
- The company’s fundamentals (earnings, balance sheet, competitive position)
- How potential Fed actions, rupee moves and trade policy could affect its outlook
For personalised decisions, it’s best to speak with a registered financial advisor who understands your specific situation.
Quick FAQ: Today’s biggest losers on Indian stock market (9 Dec 2025)
Q1. Which stocks are the biggest losers on the Nifty 50 and Sensex today?
Based on live data and large-cap loser tables around late morning:
- Asian Paints, Infosys, Mahindra & Mahindra, Wipro, Jio Financial Services, Tata Steel and TCS are among the top losers in the Nifty universe.
- On the Sensex, Asian Paints, Tech Mahindra, Trent, Eternal, Reliance Industries, TCS, UltraTech Cement, Tata Steel, M&M, Tata Motors PV, HCL Tech and BEL are major laggards, with only HUL and Bharti Airtel holding gains.
Q2. Which are the absolute biggest losers across the NSE and BSE today?
Intraday NSE/BSE screens show the steepest percentage falls (among actively traded stocks) in:
- LT Foods, ITC Hotels, Coforge, Asian Paints, Ather Energy, Balrampur Chini, United Breweries, Minda Corporation, eClerx Services, Hero MotoCorp, Sobha, IPCA Labs, JSW Holdings and ZF Commercial Vehicle Control Systems India, generally down between ≈2.5% and over 6% as of late morning.
Q3. Why is the market falling today?
Most commentary points to a mix of:
- Profit‑booking and elevated valuations after a strong run
- Caution ahead of the US Fed meeting and global growth worries
- Rupee weakness and continued FII outflows
- US–India trade concerns, especially over possible rice tariffs that hit export‑oriented stocks.
Q4. Is this a buying opportunity in today’s top losers?
That depends entirely on your time frame, risk appetite and research:
- Some names (like ITC Hotels or Coforge) are seeing short-term technical or sentiment-driven selling despite supportive analyst views.
- Others (such as LT Foods and KRBL) face genuine policy and trade uncertainties that may affect fundamentals.
References
1. www.business-standard.com, 2. hdfcsky.com, 3. hdfcsky.com, 4. www.business-standard.com, 5. hdfcsky.com, 6. www.equitymaster.com, 7. www.etnownews.com, 8. www.etnownews.com, 9. www.etnownews.com, 10. www.etnownews.com, 11. www.etnownews.com, 12. www.etnownews.com, 13. www.etnownews.com, 14. www.etnownews.com, 15. www.business-standard.com, 16. www.livemint.com, 17. www.livemint.com, 18. www.livemint.com, 19. www.livemint.com, 20. www.livemint.com, 21. www.business-standard.com, 22. www.business-standard.com, 23. www.etnownews.com, 24. www.ndtvprofit.com, 25. www.livemint.com, 26. www.etnownews.com, 27. www.business-standard.com, 28. www.livemint.com, 29. www.livemint.com, 30. www.equitymaster.com
