Stock Market Today: Nifty at 25,794, Sensex Up 0.08% as Tata Steel Rises 1.36%, Hindustan Zinc Jumps 3.39%

Overview

• Sensex and Nifty rose only marginally, whereas sectoral indices, particularly metals, autos, and power, staged a strong outperformance.

• Major events such as Tata Steel's acquisition and expansion plans, the launch of a new drug by Cipla, and TCS's US acquisition led stock-specific movements.

• FIIs sold Rs. 1,651 crore worth of equities, but DIIs cushioned the fall with strong buying. The rupee remained steady, and the Fed's measured rate-cut stance influenced sentiment.

Indian stock market today was flat. Benchmark indices showed mixed signals despite positive global cues. Sensex traded at 84,462.55, up 71.28 points or 0.08%. Meanwhile, Nifty gained 36.50 points or 0.14% to reach 25,794.50 at press time. Market breadth remained relatively balanced, with around 1,863 shares advancing against 1,584 declining shares, indicating some select buying across various segments. Let’s see how individual shares performed in the stock market today based on Moneycontrol Live Updates.

Sectoral Performances 

All the sectoral indices traded in green during the early hours, while broader markets outperformed the headline indices. BSE Midcap index moved 0.65% higher, while the Smallcap index added 0.45%. The stock market today was strong, particularly for auto, metal, and power sectors, as investors showed increased faith in these sectors.

The metal pack saw a strong build-up of momentum with Hindustan Zinc as the top gainer, up 3.39%, followed by NALCO, up 1.5%, and Tata Steel, up 1.36%. IT stocks joined the rally as the sector snapped a three-day losing spree.

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Major Corporate Developments

Various big corporate announcements dominated the share market news. The board of Tata Steel approved a Rs. 636 crore acquisition of a 50.01% stake in Thriveni Pellets. The company also sanctioned an expansion of 4.8 MTPA capacity at Neelachal Ispat Nigam. It will set up a 0.7 MTPA facility in Tarapur, Maharashtra.

Cipla introduced Yurpeak, a once-weekly injectable therapy for the management of obesity and type 2 diabetes. The stock rallied 0.48% post its announcement. Meanwhile, TCS stock stole the spotlight when it approved the acquisition of the US-based Salesforce consulting firm Coastal Cloud. The company aims to strengthen its digital transformation capabilities further.

Ashoka Buildcon, in a joint venture with Adani, won the Rs. 1,815.79 crore Mithi River Development project from BMC. The stock was up 0.97% on this news.

Block Deals and Stake Sales

TotalEnergies sold 1.7% stake in Adani Green Energy at Rs. 970 for Rs. 2,778.09 crore. Two other block deals included 2.5 million shares of Tata Motors and 2.2 million shares of Bajaj Housing Finance.

UK-based Prudential Corporation Holdings trimmed its 4.5% interest in ICICI Prudential Asset Management Company. It was worth more than Rs. 4,815 crore before the start of its IPO.

Currency and Institutional Flows

Indian rupee started flat at 89.98 per dollar and held up well against earlier depreciation concerns. It has lost close to 4.9% year-to-date, keeping the issue a key concern for market participants.

Foreign investors extended their selling spree for another day and sold equities worth Rs. 1,651 crore on December 10. However, DIIs supported the market aggressively and bought shares worth Rs. 3,752 crore, thus saving the market from further losses.

Federal Reserve Impact

The 25-bps rate cut by the US Federal Reserve had provided a supportive backdrop for emerging markets. However, the Fed's cautious view on the path of future rate cuts, including expectations for only two more cuts through 2027, kept investors measured in their approach. Experts said that lower US rates have typically relieved pressure on capital flow and supported risk appetite. Precious metals also benefited from the softer dollar environment. Silver and gold showed strength after the rate cuts.

IPO Activity

The IPO market continued to be in full swing with the Rs 1,289 crore issue of Wakefit getting subscribed 2.52 times. Nephrocare Health Services IPO subscribed 25 % on day two, Park Medi World IPO subscribed 52 % on the opening day.

Also Read: US Stock Market Today: Global Stocks Hold Steady with Fed Decision and Oracle Results Driving Sentiment

Investor Outlook

Market analysts remain cautiously optimistic, viewing current weakness as a buying opportunity in quality large-cap stocks. Earnings growth is likely to improve in the coming quarters and IPO slowdown is likely in 2026. Indian stock market is set for positive momentum ahead, despite near-term volatility and sustained FII selling pressure.

FAQs

1. Why did the Indian stock market open flat today?

The flat opening of the market was due to mixed global cues and the recent Fed announcement, which made investors cautious. Though global markets were positive, traders preferred to be selective ahead of clearer signals on interest rates and the direction of the economy. This resulted in mild index gains despite strong sectoral performance.

2. Which sectors came out shining during today's market session?

The best performers were the metals, auto, and power sectors. Hindustan Zinc, NALCO, and Tata Steel were leading the rally. IT stocks, after bleeding for three days, rebounded and helped a better market tone despite flat opening indices.

3. What was the big corporate news that moved the markets?

Several big announcements shaped trading today. Tata Steel approved major acquisitions and expansions, Cipla launched a new diabetes and obesity drug, and TCS announced a US-based acquisition. Ashoka Buildcon also secured a large infrastructure project. These updates boosted related stocks.

4. How did FIIs and DIIs behave in the market?

Foreign investors also continued selling, offloading more than Rs. 1,600 crore worth of shares. Domestic institutional investors, however, came in with strong buying of over Rs. 3,700 crore, offsetting this. The balance between those two factors ultimately kept the market from slipping deeper into negative territory and maintained stability.

5. What is the current market outlook for investors?

Analysts expect the near term to remain choppy, considering FII selling and global uncertainty. However, for most analysts, this phase would continue to provide a good buying opportunity in strong large-cap stocks. Long-term sentiment remains cautiously optimistic, considering expected earnings growth and probable moderation in IPO action in 2026.