Key indices faced significant losses on December 02 due to a broad sell-off, primarily in financials. The Nifty 50 closed at 26,032, down 0.55%, while the Sensex fell 0.59% to 85,138 amid concerns over the rupee and foreign investor selling.

Top Gainers & Losers on Dec 02: Bajaj Housing Finance, Ather Energy, Indian Bank, Welspun Living among top losers

Indian Stock Market Ends Tuesday with Sharp Losses

The Indian stock market experienced a broad-based sell-off on Tuesday, December 02, leading to sharp losses for the key indices for the third consecutive day.

The sell-off was primarily driven by financials and was further exacerbated by the absence of fresh market triggers, sustained selling by overseas investors, and concerns over the weakening rupee, which weighed heavily on overall sentiment.

Key Indices Suffer Significant Losses

The Nifty 50 closed at 26,032, down 0.55% from the previous close.
The Sensex fell 0.59% to 85,138.

Broad Market Indices Also Decline

The Nifty Midcap 100 index slipped 0.22%.
The Nifty Smallcap 100 index declined by a sharper 0.55%.

The persistent selling pressure and weakening rupee are likely to continue to impact market sentiment in the coming days.

Market Outlook: The Indian stock market is expected to face further challenges due to the prevailing market conditions, and investors are advised to remain cautious and closely monitor market developments.