India's stock market ended with a major blow. Dalal Street witnessed a decline from Tuesday morning itself. Sensex and Nifty could not recover. On Tuesday, December 16, Sensex fell 533.50 points to close at 84679.86 points. Nifty 50 fell 167.20 points to close at 25860.10 points. Bank Nifty fell 427.20 points to close at 59034.60 points.
Multiple stocks in the Nifty 50 index witnessed a heavy bloodbath on this day. Crashes were seen in stocks like Axis Bank, Adani Total, Reliance Industries, and ICICI Bank. Axis Bank's share price fell by 5 percent.
Tuesday's stock market details
On this day, both the Sensex and Nifty indices fell by nearly 0.70 percent. Besides, Nifty Midcap 150 and Nifty Smallcap 250 – these 2 indices also fell on this day.
Considering sectoral indices, the picture is quite grim. Most sectors were hit. Nifty Realty suffered the biggest blow. Only Nifty Media showed gains in this market.
Looking at the BSE Sensex's picture, it became clear that sellers dominated the day's market. The index fell under heavy selling pressure. 2522 stocks fell, 1651 stocks rose, 174 stocks remained unchanged.
On this day, Bharti Airtel, Titan, Mahindra & Mahindra, Tata Tele, Nestle, etc. saw profits. Axis Bank, Reliance Industries, Adani Total, Bajaj Finance, and L&T suffered heavy blows.
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Foreign investment exiting India's market is causing an impact on indices. Stock markets in the rest of the world have also been hit. That impact is also there. Moreover, due to not getting any clear indication of multiple international trade agreements and the India-America trade deal, the market cannot make decisions, which is also being considered.
Fall in rupee value
Multiple experts are also citing the foreign investment exodus and the fall in the Indian rupee value as reasons behind the stock market decline. On this day, the rupee hit a record low against the dollar again. The value of 1 dollar stood at 91.03 rupees. In the last five trading sessions, the rupee's value has fallen by 1 percent. It has fallen 2.6 percent in the last month. Considering 2025, the rupee's value has fallen 6 percent against the dollar so far.
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