10th December India & Global Market Report
10/12/2025
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Market Pulse: December 9, 2025 — Mid-Caps Resilience Amidst Large-Cap Drag
The markets today present a fascinating dichotomy between the headline indices and the broader market sentiment. While the benchmark Nifty 50 and Sensex are trading in the red, down approximately 0.5% each, the underlying market health tells a different story. The selling pressure is distinctly concentrated in heavyweights like HDFC Bank, Reliance, and the IT pack, which are dragging the indices lower. Conversely, the advance-decline ratio is surprisingly positive, with nearly 2,000 stocks advancing against roughly 1,100 declines, indicating that the broader mid and small-cap segments are witnessing accumulation and resilience despite the headline weakness.
Global cues remain mixed, contributing to the tentative atmosphere. US futures are flat to negative, while European indices like the DAX and CAC are trading with cuts, reflecting caution ahead of upcoming economic data. Interestingly, the Rupee has shown strength against the Dollar, trading below the 90 mark at 89.81, which acts as a tailwind for domestic-focused sectors but further dampens sentiment for export-oriented IT stocks. Commodities are painting a volatile picture with Gold holding strong above $4,200, while Natural Gas has witnessed a sharp crash, diverging from the energy complex.
Here is a detailed breakdown of the market data, segment by segment, to help you navigate this session with precision.
1. Global Indices, Forex & Crypto
| Symbol | LTP | Change | % Change | Live Market Takeaway |
| US500 | 6,851.7 | -3.7 | -0.05% | Consolidating at highs; lack of momentum suggests traders are awaiting fresh economic triggers from the Fed. |
| US30 | 47,757.00 | 15.00 | 0.03% | Flat trade indicating indecision; rotation from tech to industrials is keeping the Dow buoyant. |
| NAS100 | 25,635.5 | -41.5 | -0.16% | Mild profit booking visible in tech giants; resistance at higher levels remains a concern for bulls. |
| FCE1 | 8,064.5 | -50.5 | -0.62% | European weakness is evident here; weakness in luxury and auto sectors is dragging the French index. |
| FDAX1 | 24,136 | 60 | 0.25% | German markets showing relative strength compared to peers, likely driven by specific industrial earnings. |
| FESX1 | 5,717 | -13 | -0.23% | Euro Stoxx is stuck in a range; lack of aggressive buying reflects uncertain Eurozone economic outlook. |
| 399106 | 2,485.9316 | -12.9884 | -0.52% | Shenzhen component weakness highlights continued sluggishness in Chinese manufacturing demand. |
| HSI | 25,434.24 | -331.13 | -1.29% | Significant cut in Hang Seng; property sector concerns continue to weigh heavy on Hong Kong sentiment. |
| J225 | 50,862.7 | 501.5 | 1.00% | Nikkei outperforming significantly; a weaker Yen is likely fueling export-heavy Japanese stocks. |
| XJO | 8,585.9 | -38.5 | -0.45% | Australian markets down, tracking weakness in global mining and banking counterparts. |
| KOSPI | 4,143.55 | -11.30 | -0.27% | South Korea remains muted; tech supply chain issues impacting sentiment in heavyweights like Samsung. |
| IRUS | 2,714.06 | 8.89 | 0.33% | Russian index showing mild resilience, likely decoupled from broader western market trends today. |
| MZNPI | 30,132.73 | 333.87 | 1.12% | Strong bullish momentum here; outlier performance suggests specific local liquidity flows. |
| EURUSD | 1.16364 | -0.00006 | -0.01% | Euro is dead flat against the dollar; consolidation phase suggests a breakout is imminent soon. |
| GBPUSD | 1.33197 | -0.00012 | -0.01% | Cable is trading in a tight range; traders awaiting UK economic data to drive the next leg. |
| USDJPY | 156.260 | 0.340 | 0.22% | Yen weakening slightly; this carry trade movement is supporting the Japanese equity rally seen in J225. |
| USDINR | 89.8170 | -0.2730 | -0.30% | Rupee strength is a key highlight; aggressive RBI intervention or dollar weakness is aiding importers. |
| BTCUSD | 90,578.27 | -75.59 | -0.08% | Bitcoin consolidating above $90k; lack of volatility suggests a buildup for the next major move. |
| ETHUSD | 3,130.4 | 5.7 | 0.18% | Ethereum showing mild decoupling from BTC; holding the $3,100 zone is critical for bulls. |
| DOGUSD | 0.1413 | -0.0013 | -0.91% | Memecoin weakness visible; risk-off sentiment in speculative assets is draining liquidity here. |
| LTCUSD | 83.85 | -0.04 | -0.05% | Litecoin is stagnant; lack of volume indicates trader disinterest at current levels. |
| SOLANA | 133.19 | -1.35 | -1.00% | Solana facing selling pressure; failure to reclaim resistance is inviting short-term bears. |
| XRPUSDT | 2.0837 | 0.0113 | 0.55% | Ripple showing relative strength; regulatory news flow might be supporting this independent move. |
Summary: The global landscape is characterized by divergence. The Japanese market (J225) is the clear outlier on the upside, aided by currency movements, while Asian peers like HSI are struggling. The US markets are pausing for breath, which is translating into a lack of direction for crypto markets. The strengthening Rupee (USDINR down 0.30%) is the most significant economic signal here, potentially dampening margins for Indian IT and Pharma companies but providing relief on the inflation front by reducing import costs.
2. Commodities & Domestic Indices
| Symbol | LTP | Change | % Change | Live Market Takeaway |
| GOLD | 129,946 | -16 | -0.01% | Domestic gold futures flat; premium pricing affecting demand despite global strength. |
| SILVER | 183,117 | 1,375 | 0.76% | Silver outperforming gold; industrial demand expectations are keeping the white metal bid. |
| CRUDEOIL | 5,324 | -10 | -0.19% | Crude is soft; supply concerns are easing, which is a positive for Indian fiscal deficit. |
| NATURALG | 428.7 | -20.2 | -4.50% | Massive crash in Gas; likely due to warmer weather forecasts or inventory builds—oversold territory. |
| XAUUSD | 4,202.71 | 12.055 | 0.29% | Spot gold remains bullish above $4,200; safe-haven appeal persists amidst global uncertainty. |
| SILVER | 58.6120 | 0.4720 | 0.81% | Global silver tracking copper/industrial moves; strong chart structure suggests further upside. |
| BRENT | 62.495 | 0.270 | 0.43% | Brent holding $62; divergence from WTI suggests geopolitical risk premium is still priced in. |
| XTIUSD | 59.09 | 0.21 | 0.36% | WTI attempting a recovery but remains below key psychological $60 levels. |
| NATGAS | 4.653 | -0.092 | -1.94% | Global gas prices also down, confirming the bearish trend seen in domestic futures. |
| INDIAVIX | 10.9525 | -0.1725 | -1.55% | Volatility crushing below 11 is surprising; suggests complacency or a lack of fear despite index drop. |
| NIFTY1 | 25,931.0 | -110.0 | -0.42% | Futures trading at a premium but the trend is undeniably weak intraday. |
| SENSEX | 84,666.28 | -436.41 | -0.51% | Sensex dragged by heavyweights; breaking 84,500 could trigger further technical selling. |
| NIFTY | 25,839.65 | -120.90 | -0.47% | Spot index slipping below 25,900 support is bearish; bears are controlling the intraday narrative. |
| BANKNIF | 59,222.35 | -16.20 | -0.03% | Bank Nifty relatively resilient compared to Nifty; aggressive selling absent in banking sector. |
| FINNIFTY | 27,670.60 | -157.00 | -0.56% | Financials dragging due to HDFC weakness; underperforming the core banking index. |
| MIDCPNIF | 13,793.00 | -1.65 | -0.01% | Midcap index completely flat; shows the resilience of the broader market vs large caps. |
Summary: The commodity complex highlights a significant variance: Precious metals (Silver/Gold) are bid, suggesting inflation hedging or industrial demand, while Energy (Crude/Gas) is weak, which is fundamentally positive for India’s import bill. The sharp -4.50% fall in Natural Gas is an economic anomaly to watch. On the index front, the “Fear Gauge” (INDIAVIX) dropping to ~10.95 while Nifty falls is a rare divergence; it usually implies that the market does not expect a crash, but rather a slow, grinding correction or time-consolidation.
3. Sectoral Performance
| Symbol | LTP | Change | % Change | Live Market Takeaway |
| CNXFMCG | 54,521.20 | -19.30 | -0.04% | Defensive sector flat; capital is not rotating here yet for safety. |
| CNXPSUBANK | 8,251.30 | 105.20 | 1.29% | Star performer of the day; value buying emerging in PSU banks after recent corrections. |
| NIFTY_MID | 13,741.35 | -23.35 | -0.17% | Holding up much better than the Nifty 50; retail interest remains intact here. |
| CNXFINANCE | 27,549.75 | -137.40 | -0.50% | Shadowing HDFC and Bajaj twins; weak sentiment prevails in lending NBFCs. |
| CNXIT | 38,130.60 | -460.10 | -1.19% | Top losing sector; Rupee appreciation and weak Nasdaq cues are a double whammy. |
| CNXAUTO | 27,399.25 | -197.55 | -0.72% | Profit booking seen in Auto majors; monthly sales data likely priced in. |
| CNXENERGY | 34,666.80 | 218.95 | 0.64% | Green despite crude fall; likely supported by Power and Oil Marketing Companies (OMCs). |
| CNXINFRA | 9,430.85 | 3.70 | 0.04% | Flat to positive; government capex theme keeps this sector resilient against falls. |
| CNXMETAL | 10,112.65 | -29.15 | -0.29% | Consolidating; global metal prices are supportive but domestic demand is questioned. |
| CNXPHARMA | 22,522.85 | -117.85 | -0.52% | Defensive buying missing; export concerns due to currency strength weighing in. |
| CNXREALTY | 869.85 | 8.20 | 0.95% | Strong structure; interest rate cut hopes keep this interest-sensitive sector buoyant. |
| CNXMEDIA | 1,405.05 | 9.70 | 0.70% | Niche buying visible; often a high-beta play that moves with small-cap sentiment. |
Summary: The sector rotation is clear: Sell Global, Buy Domestic. Sectors linked to global economies (IT, Pharma, Auto) are red, while domestic cyclicals (PSU Banks, Realty, Energy/Power) are green. The 1.29% rally in PSU Banks is a strong technical reversal signal, suggesting that institutional money is flowing back into value stocks while exiting high-valuation growth sectors like IT.
4. Heavyweight Stocks (Banks & Blue Chips)
| Symbol | LTP | Change | % Change | Live Market Takeaway |
| HDFCBANK | 997.10 | -6.00 | -0.60% | Trading below psychological 1000 level is bearish; major drag on Bank Nifty. |
| KOTAKBANK | 2,127.70 | -3.90 | -0.18% | Relative outperformer among private banks; falling less than peers indicates strength. |
| ICICIBANK | 1,375.20 | -14.40 | -1.04% | Significant weakness; profit booking kicking in after recent outperformance. |
| SBIN | 959.35 | 2.95 | 0.31% | Green in a red market; leads the PSU pack and holding the Nifty from falling further. |
| AXISBANK | 1,275.90 | 2.10 | 0.16% | Stable; consolidation phase suggests it is building a base for the next move. |
| RELIANCE | 1,529.40 | -13.60 | -0.88% | Heavyweight dragging the index; likely pressure from O2C margin concerns. |
| INFY | 1,599.00 | -11.80 | -0.73% | Weak structure; IT sentiment is negative, putting pressure on this bellwether. |
| TCS | 3,208.30 | -28.20 | -0.87% | Tracking Infy; technical breakdown on shorter timeframes visible. |
| ADANIENT | 2,245.20 | 29.00 | 1.31% | Strong bullish momentum; diverging from the broader market weakness. |
| ULTRACEMCO | 11,414.00 | -126.00 | -1.09% | Cement weakness indicates concerns over pricing power despite infra push. |
Summary: The “Big Boys” are the problem today. HDFC Bank below 1000 and Reliance down near 1% explains the majority of Nifty’s fall. However, the resilience in SBI and the surge in Adani Enterprises suggests that risk appetite hasn’t vanished—it has just shifted. The weakness in UltraTech and ICICI Bank warrants caution, as these are usually portfolio staples.
5. Market Breadth & Top Movers
| Statistic | Count/Value | Interpretation |
| Stock Traded | 3,208 | High participation day. |
| Advances | 1,980 | BULLISH: More stocks are up than down despite index fall. |
| Declines | 1,134 | Bears are active but limited to specific pockets. |
| 52W Low | 442 | BEARISH: High number of stocks at yearly lows suggests a longer-term downtrend is still active. |
| 52W High | 16 | Very few stocks breaking out; momentum is scarce. |
| Symbol (Gainers) | LTP | % Change | Takeaway |
| RKEC | 54.97 | 20.00% | Locked in Upper Circuit; likely news-driven or small-cap manipulation. |
| ADVENTHTL | 236.13 | 20.00% | Explosive move; hotel stocks often rally on winter tourism expectations. |
| TTML | 52.70 | 15.44% | High beta telecom play; speculative volume is driving this sharp spike. |
| ASHIMASYN | 19.30 | 15.43% | Textile penny stock breakout; risky but shows retail speculative appetite. |
| DOLATALGO | 86.00 | 14.70% | Broking/Algo stocks doing well suggests volatility trading revenues are up. |
| Symbol (Losers) | LTP | % Change | Takeaway |
| ARVEE | 201.55 | -11.72% | Sharp sell-off; likely reaction to poor earnings or corporate governance news. |
| ARENTERP | 46.45 | -7.45% | Breakdown from recent levels; volume-based selling visible. |
| GSS | 17.99 | -7.08% | Small cap IT weakness; penny stock volatility. |
| ELDEHSG | 903.00 | -6.75% | Real estate stock correcting; profit booking after a likely previous run-up. |
| TEAMGTY | 292.00 | -6.41% | Midcap weakness; breaking key support levels. |
Summary: The market breadth is the “Hidden Gem” of this data. With ~2,000 advances vs ~1,100 declines, the broad market is accumulating. However, the high number of stocks at 52-week lows (442) vs highs (16) is a structural concern. It implies that while today is a “green” day for many, the larger trend remains down for the broader universe. The top gainers are dominated by small-caps hitting 20% circuits, which signals high speculation.
Strategic Takeaways & Risk Analysis
Risk Assessment:
The primary risk today is the Index-Breadth Divergence. When indices fall but stocks rise, it can either be a healthy rotation or a “bull trap” where large caps eventually drag everything down. The weakness in HDFC Bank (below 1000) and the IT sector (CNXIT -1.19%) is a major red flag. If Nifty breaks 25,800 decisively, the selling could spill over into the mid-caps that are currently holding up. Global risk remains neutral-negative with US Futures flat and Europe down.
Actionable Insight:
How to Analyze This Data for Trades
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