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Sensex, Nifty trade under pressure amid weak global cues
Dec-15-2025

Indian equity benchmarks made a negative start on Monday, tracking weak cues from global markets as investors reduced exposure to tech stocks on doubts over the AI rally. Sensex and Nifty were trading lower in early deals amid continued foreign investor selling on the back of a weakening rupee and ongoing uncertainty around U.S.-India trade negotiations. Indian rupee hit a fresh all-time low on Monday, touching a low of 90.78 per US dollar. Foreign portfolio investors remained net sellers, pulling out Rs 12,941 crore in the week ended December 12. Traders were also concerned as the government data showed that retail inflation inched up to 0.71 per cent in November, from a record low of 0.25 per cent in the previous month, led by rising prices of food items. 

On the global front, Asian markets were trading mostly lower, following the broadly negative cues from Wall Street on Friday dragged by tumbling technology stocks fueled by losses on the tech-heavy Nasdaq, which saw heavy selling among the technology stocks on renewed concerns over lofty valuations. Meanwhile, the Bank of Japan's quarterly Tankan Survey of business sentiment showed large manufacturing in Japan accelerated slightly in the fourth quarter of 2025, with a diffusion index score of +15.

The BSE Sensex is currently trading at 84940.40, down by 327.26 points or 0.38% after trading in a range of 84840.32 and 85156.83. There were 5 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.52%, while Small cap index was down by 0.15%.

The top losing sectoral indices on the BSE were Auto down by 1.13%, Realty down by 1.01%, Oil & Gas down by 0.75%, Power down by 0.72% and Healthcare down by 0.72%, while there was no gainer on the BSE sectoral front.

The top gainers on the Sensex were Hindustan Unilever up by 0.71%, Asian Paints up by 0.60%, Bharat Electronics up by 0.39%, Ultratech Cement up by 0.27% and Larsen & Toubro up by 0.01%. On the flip side, Mahindra & Mahindra down by 1.52%, Bajaj Finserv down by 1.11%, Tata Motors Passenger Vehicles down by 0.99%, Power Grid Corp down by 0.97% and Bajaj Finance down by 0.91% were the top losers.

Meanwhile, with an aim to support investment growth across public, private, and foreign investments, and sustain India’s position as one of the world's fastest-growing major economies, the Confederation of Indian Industry (CII) has outlined set of reforms for the forthcoming Union Budget 2026-27. It noted that there is need to increase central capital expenditure by 12 per cent and capex support to states by 10 per cent in FY27; launch a Rs 150 lakh crore National Infrastructure Pipeline (NIP) 2.0 for 2026-32; offer incremental tax credits or compliance relaxations for firms achieving significant new investment, production, or tax contribution milestones; and establish an NRI Investment Promotion Fund.

In order to boost incentives for new capital investments and technological improvements, particularly for MSMEs and the manufacturing sector, it urged for restoring accelerated depreciation benefits, provided that the initiative is aimed at promoting modernization without triggering Minimum Alternate Tax (MAT) obligations. It also called for establishment of a Sovereign Investment Strategy Council (SIFC) to align investments with national priorities, in order to strengthen the National Investment and Infrastructure Fund (NIIF)

By permitting counter-cyclical flexibility at time of global shocks and preventing frequent violations of annual targets, CII claims that strengthening fiscal stability by a public debt framework based on economic cycles, rather than rigid annual deficit regulations would improve resilience. This framework would bolster credibility by ensuring that fiscal policy is consistent with medium-term debt sustainability. Witnessing that public capital spending has been the driving force behind India's post-pandemic recovery, spurring infrastructure growth and crowding in private capital, CII said boosting public investment is crucial. 

CII has suggested that institutionalising a Capital Expenditure Efficiency Framework (CEEF) to prioritise high-impact projects, monitor financial and physical progress, and assess results based on productivity and regional spillovers in order to improve project selection and execution. It noted that next major priority will be facilitate private investment. Public investment sets the groundwork, while private and foreign capital will be the real catalysts for India's development.

The CNX Nifty is currently trading at 25937.70, down by 109.25 points or 0.42% after trading in a range of 25904.75 and 26007.20. There were 8 stocks advancing against 42 stocks declining on the index.

The top gainers on Nifty were Interglobe Aviation up by 1.59%, Hindustan Unilever up by 0.72%, Asian Paints up by 0.72%, Shriram Finance up by 0.40% and Bharat Electronics up by 0.39%. On the flip side, ONGC down by 2.67%, Mahindra & Mahindra down by 1.55%, Eicher Motors down by 1.47%, Max Healthcare down by 1.25% and HDFC Life Insurance down by 1.13% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 793.55 points or 1.56% to 50,043.00, Taiwan Weighted lost 277.21 points or 0.98% to 27,920.81, Hang Seng declined 247.79 points or 0.96% to 25,729.00, KOSPI dropped 69.31 points or 1.66% to 4,097.85, Straits Times fell 12.5 points or 0.27% to 4,573.95 and Shanghai Composite weakened 4.42 points or 0.11% to 3,884.93, while Jakarta Composite was up by 41.5 points or 0.48% to 8,702.00.
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