Indian Stock Market Today, 10 December 2025: Sensex, Nifty Extend Losing Streak Ahead of Fed; Meesho Soars Over 50% on Debut

Indian equities ended lower for the third straight session on Wednesday, 10 December 2025, as traders cut risk ahead of a crucial US Federal Reserve policy decision and continued foreign outflows weighed on sentiment.

The S&P BSE Sensex slipped 275 points (‑0.32%) to close at 84,391.27, while the NSE Nifty 50 fell 81.65 points (‑0.32%) to settle at 25,758. ^[1]

Broader markets underperformed, midcaps and smallcaps saw deeper cuts, and yet, India’s IPO party rolled on as Meeshoand Aequs made strong market debuts despite the weak headline indices. ^[2]

Key takeaways from the Indian stock market today (10 December 2025)

Benchmarks down for a 3rd day: Sensex closed at 84,391 and Nifty 50 at 25,758, both down ~0.32%, extending a three‑session slide of about 1.5–1.6%. ^[3]
Broader market hit harder: BSE Midcap and Smallcap indices dropped roughly 1% and 0.6–0.9%, with market breadth firmly negative on the BSE. ^[4]
Sectoral split: Media, Metals and Pharma managed gains, while IT, Financials, PSU Banks and Consumer Durables were among the worst hit. ^[5]
Fed anxiety & bond yields: Indian stocks tracked global caution as US 10‑year Treasury yields hovered around 4.16% and India’s 10‑year bond yield rose to about 6.66%, its highest in weeks. ^[6]
Rupee near record lows: The INR closed at 89.97 per US dollar, slightly weaker than the previous 89.88, trading in a 89.77–90.08 band amid Fed‑related nerves and portfolio flows. ^[7]
Flows mixed but still cautious: FIIs were net sellers of ₹1,651 crore, while DIIs bought about ₹3,752 crore in equities today, partially cushioning the fall. ^[8]
IPO action strong:
- Meesho listed around 46% above its IPO price and closed over 53% higher at ~₹170,
- Aequs debuted with a ~13% premium and rallied further intraday to ~₹151. ^[9]
New regulatory powers: The government has authorised SEBI to directly ask social media platforms to remove unlawful stock‑related content, tightening the clampdown on misleading “finfluencer” posts. ^[10]

How Sensex and Nifty traded today

The Indian stock market opened on a mildly positive note, tracking a mixed but slightly firm Asia ahead of the Fed.

Nifty 50 opened around 25,864, about 24 points higher, and initially pushed up by over 80 points before running into selling pressure near its short‑term moving averages. ^[11]
Through the late morning and afternoon, the index reversed sharply from resistance near its 20‑day EMA, giving up more than 200 points from the day’s high to close near the intraday low around 25,758. ^[12]
Sensex followed a similar path—opening in the green, then sliding to close 275 points lower at 84,391.27. ^[13]

Both benchmarks have now fallen for three consecutive sessions, with Mint estimating a cumulative decline of 1,321 points on the Sensex and 1.6% on the Nifty over this stretch, largely on the back of foreign selling, rupee weakness and global risk‑off. ^[14]

Broader market and sector performance: pain in midcaps, pockets of strength

The broader market bore the brunt of selling:

BSE Midcap index: down about 1.0–1.1%
BSE Smallcap index: down roughly 0.6–0.9% ^[15]

Market breadth on the BSE was clearly weak, with around 2,294 stocks declining, 1,895 advancing and 148 unchanged, according to RTT/ Nasdaq data. ^[16]

Sectorally, the picture was split:

Gainers
- Nifty Media and Nifty Metal indices rose by about 0.5%, helped by buying in select names like Hindustan Zinc and Vedanta. ^[17]
- Pharma also managed to close in the green. ^[18]
Losers
- Financials slipped around 0.5%,
- IT fell close to 0.9%,
- Consumer Durables and PSU Banks were among the worst hit, with losses ranging between roughly 0.7% and 1.7% across various indices. ^[19]

The increasing divergence between large‑caps and the more volatile mid/small‑cap universe has been a key theme in recent sessions.

Why is the Indian stock market falling?

Over the last three days, analysts point to a cluster of macro and market‑specific headwinds rather than a single trigger. Mint highlights five broad factors behind the sell‑off, which line up with global commentary: ^[20]

Uncertainty over the India–US trade deal
US negotiators are in India this week, but there is scepticism that a comprehensive trade agreement can be wrapped up in December, especially with the US heading into holiday season. Meanwhile, rumblings over possible additional US tariffs on Indian exports, including agricultural products, have added to the unease. ^[21]
Weak rupee and tariff worries
The rupee closed near 89.97 per US dollar, just off last week’s record low around 90.42. Reuters and Economic Times note a choppy session influenced by portfolio flows, dollar demand from importers, and caution ahead of the Fed. ^[22]
A persistently weak currency keeps imported inflation and foreign outflow risks in focus.
Lack of fresh domestic triggers
After a powerful rally that took the Nifty and Sensex to record highs, many experts say the market is showing signs of fatigue. Growth‑inflation dynamics are still favourable, but investors are waiting for the next clear catalyst—such as strong Q3 earnings or a concrete breakthrough in the India–US trade talks. ^[23]
Caution ahead of the US Federal Reserve decision
The Fed is widely expected to cut rates by 25 bps later tonight, but there is significant uncertainty about how many cuts—if any—will follow in 2026. ^[24]
Markets are wary of a hawkish tone that could keep US yields elevated and maintain pressure on risk assets like Indian equities.
Rising global bond yields, including in India
India’s 10‑year government bond yield climbed to about 6.66% today, up from around 6.50% earlier this month, part of a broader move higher in global rates. ^[25]
Higher yields increase the relative appeal of fixed‑income investments and can dampen equity valuations—especially in richly priced segments like smaller caps.

Put together, you get a market that’s not collapsing, but clearly de‑risking after making fresh highs.

Stock movers: who gained and who dragged the market?

Top gainers

Among Nifty and broader‑market names, buying was selective:

Hindustan Zinc jumped around 4%, helped by a fresh “Buy” initiation and upbeat medium‑term outlook from a domestic brokerage. ^[26]
Vedanta added roughly 1.5%, contributing positively to the metal pack. ^[27]
On the Nifty 50, Eicher Motors, Hindalco, HDFC Life, Tata Steel and Adani Ports were among the top gainers across various closing snapshots, lending some support to the index. ^[28]
AU Small Finance Bank rose over 2% after the Finance Ministry raised its foreign investment limit to 74% from 49%, a move seen as supportive for future institutional inflows. ^[29]

Major laggards

On the downside, financials, aviation and consumer names featured prominently:

InterGlobe Aviation (IndiGo) slid about 3.3% after the aviation regulator DGCA directed the airline to trim 10% of scheduled flights and deployed an oversight team to monitor operations following a wave of cancellations. ^[30]
Eternal, Trent, Bharti Airtel, Infosys and Tech Mahindra were among the bigger Sensex and Nifty losers, with declines in roughly the 1–3% range, according to Economic Times and RTT data. ^[31]
Heavyweight banks HDFC Bank and ICICI Bank also ended lower, acting as notable drags on the Nifty. Ventura’s post‑market note points out that these names shaved off some of the index’s points even as Reliance and ITC tried to offset the fall. ^[32]

The net effect: broad‑based selling with only a few pockets of outperformance.

IPO corner: Meesho and Aequs defy the weak tape

If the secondary market looked tired, the primary market absolutely did not.

Meesho: blockbuster listing

E‑commerce platform Meesho listed on the NSE and BSE after a ₹5,421 crore IPO that was subscribed 79 times, with huge demand from institutional investors. ^[33]
Shares debuted around ₹161–162, roughly 46% above the IPO price of ₹111, and later closed near ₹170, up about 53% on the day with volumes exceeding 430 million shares across exchanges. ^[34]
Trendlyne data flags the valuation as rich and the near‑term technical picture as stretched after the surge, but market interest in new‑age tech listings clearly remains strong. ^[35]

Aequs: strong premium and follow‑through buying

Aequs, a contract manufacturer in consumer durables and aerospace components, also enjoyed a stellar debut.
The ₹922‑crore IPO was subscribed about 101.6 times, and the stock listed at ₹140, a ~13% premium to the issue price of ₹124. It then rallied further to around ₹151, translating into intraday gains of nearly 22%. ^[36]

Other listings

Trendlyne’s market dashboard also noted:

Vidya Wires made a flat debut around ₹52, while plenty of upcoming mainboard and SME IPOs remain in the pipeline, underscoring continued primary market appetite despite the wobble in headline indices. ^[37]

For investors, the message is that stock‑specific stories and IPOs are still attracting capital, even as the broader indices consolidate.

Rupee, bonds and global backdrop

Rupee: still under pressure

The Indian rupee:

Closed at 89.9650 per US dollar, slightly weaker than the previous close of 89.8750, after trading between 89.77 and 90.08 through the day. ^[38]
Early in the session, it had already weakened to 90.07 on importer dollar demand and tariff worries, before recouping some losses. ^[39]

Traders cited portfolio flows, hedging activity in offshore forwards and Fed uncertainty as key drivers, with most Asian currencies subdued and the dollar index hovering near 99. ^[40]

Bond yields: creeping higher

India’s 10‑year government bond yield ended around 6.663%, up nearly 7 bps from 6.618% the previous day and continuing a steady climb from early December levels near 6.50%. ^[41]

Rising yields signal tighter financial conditions at the margin and help explain some of the profit‑taking in interest‑sensitive sectors such as financials and consumer durables.

Global cues

US 10‑year Treasury yields hovered around 4.16%, near a three‑month high. ^[42]
European equities traded slightly lower, while Asia ex‑Japan was modestly higher but cautious ahead of the Fed’s decision and updated rate projections. ^[43]

In short, global markets are braced for “decision day” from the Fed, and Dalal Street is moving in sync with that cautious tone.

Flows and positioning: FIIs vs DIIs

Flow data underscores the tug of war between foreign and domestic money:

On 10 December 2025, Foreign Institutional Investors (FIIs) were net sellers of approximately ₹1,651 crore, while Domestic Institutional Investors (DIIs) bought around ₹3,752 crore, according to Trendlyne. ^[44]
Exchange data from the previous session shows FIIs having sold ₹3,760 crore of equities on Tuesday, offset by ₹6,224 crore of DII buying, underlining that domestic institutions are still stepping in to absorb global risk‑off flows. ^[45]

For now, DII support is preventing a deeper correction, but persistent foreign outflows remain a key risk if global yields stay elevated or trade tensions worsen.

Technical outlook: key Nifty and Sensex levels to watch

Brokerage research desks and independent technical analysts largely agree that the near‑term structure has turned cautious to mildly bearish, with the Fed event acting as the next big trigger.

Nifty 50

According to HDFC Securities’ Prime Research and other technical commentary: ^[46]

Immediate support:
- The Nifty has closed near its 50‑day EMA around 25,728, which analysts view as a critical short‑term support.
- A convincing break below this zone could open downside levels near 25,660 and then 25,450.
Resistance zone:
- On the upside, the 20‑day EMA near 25,955 is seen as the first important resistance.
- Several traders also flag a broader supply zone between 25,900 and 26,000, where the index has repeatedly failed to sustain gains. ^[47]
Intraday structure:
- Today’s session produced back‑to‑back red candles on the daily chart with a long upper wick, signalling selling on rallies.
- Shorter‑timeframe charts show breakdowns from local head‑and‑shoulders and rising‑wedge patterns, adding to the near‑term caution among traders. ^[48]

Sensex

While fewer public notes focus on Sensex levels specifically, the index broadly mirrors Nifty’s setup:

Support: The recent swing low zone just below 84,000 is being watched as key support.
Resistance: Upside supply is concentrated in the 85,000–85,500 region, marked by repeated intraday rejections in the last week. ^[49]

Important note: These levels are reference points, not trading advice. Markets can and do move sharply around big events like a Fed meeting.

What this means for investors right now

Nothing in today’s action screams panic, but the market is clearly in a consolidation and digestion phase after a strong rally. A few broad pointers, especially for non‑professional investors:

Expect volatility around the Fed outcome
The reaction may extend over several sessions as global investors re‑price the path of US rates and growth. Knee‑jerk moves—both up and down—are common after such events. ^[50]
Mind your midcap and smallcap exposure
With mid/small‑cap indices now correcting more than the large‑caps, and many stocks still trading at demanding valuations, position sizes and diversification matter more than ever. ^[51]
Stock‑specific stories still matter
The contrasting fortunes of IndiGo (regulatory overhang) and Meesho/Aequs (IPO euphoria) show that company‑specific news can easily overpower the broader index trend on any given day. ^[52]
Watch the rupee and bond yields
Persistent rupee weakness and higher domestic yields can keep foreign flows cautious. A stabilising rupee and easing yields would be early signs of risk appetite returning. ^[53]
Use corrections to review, not blindly buy
Rather than treating every dip as a buying opportunity, this is a good time to reassess asset allocation, time horizon and risk tolerance—and, if needed, speak with a qualified financial adviser who understands your specific situation.

The road ahead

All eyes now turn to tonight’s US Federal Reserve decision and Jerome Powell’s press conference. Markets broadly expect a quarter‑point rate cut, but the tone of the statement, the updated “dot plot” of rate projections, and any hints on 2026 will likely dictate whether the next big move in Indian equities is another leg down or a relief rally. ^[54]

Back home, traders will also be watching:

Further commentary on the India–US trade negotiations,
How SEBI’s new powers over online stock content are implemented in practice, and
The behaviour of FIIs as we head into the year‑end and the next earnings season. ^[55]

For now, Dalal Street is in “wait‑and‑watch” mode—but beneath the calm headline indices, there’s plenty happening in individual sectors and stocks.

Disclaimer: This article is for information and news purposes only and does not constitute investment, tax or legal advice. Markets are risky and highly volatile. Please consult a SEBI‑registered or otherwise qualified financial adviser before making investment decisions.

References

Indian Stock Market Today, 10 December 2025: Sensex, Nifty Extend Losing Streak Ahead of Fed; Meesho Soars Over 50% on Debut

Key takeaways from the Indian stock market today (10 December 2025)

How Sensex and Nifty traded today

Broader market and sector performance: pain in midcaps, pockets of strength

Why is the Indian stock market falling?