On Wednesday, December 17, Indian benchmarks, the Sensex and Nifty 50, experienced losses for the third consecutive session. This decline was influenced by ongoing weakness in the rupee, persistent foreign fund outflows, and delays in the India–US trade agreement. The Sensex experienced a decline of 120 points, equivalent to 0.14%, closing at 84,559.65. Meanwhile, the Nifty 50 fell by 42 points, or 0.16%, to settle at 25,818.55. The broader market experienced notable losses, as evidenced by the BSE Midcap index declining by 0.53% and the Smallcap index decreasing by 0.85%.
“Markets exhibited volatility and concluded with a slight downturn, consistent with the current corrective phase.” Following an initial increase, the Nifty swiftly returned to a downward trend, progressively declining throughout the session, ultimately closing at 25,818.55, a decrease of 0.16%. Sectoral performance exhibited a predominantly negative trend, with realty, FMCG, and financials identified as the primary underperformers. Conversely, IT and metals sectors exhibited resilience, concluding the session flat to slightly elevated. “Continued pressure in the broader market weighed on sentiment, with the midcap and smallcap indices declining in the range of 0.66%–0.83%,” said Ajit Mishra.
In light of current market conditions, here is a compilation of stocks that may capture investor attention and are expected to experience fluctuations today.
Equities to Monitor :
- Ola Electric – On Wednesday, Bhavish Aggarwal, the founder and promoter of Ola Electric, executed the sale of an additional 4.2 crore shares through open market transactions.
- Larsen & Toubro on Wednesday disclosed that it has obtained several high-value contracts, including a significant order for the construction of a museum in Omkareshwar, Madhya Pradesh.
- Cyient’s Singapore division intends to secure a majority stake exceeding 65% in the US-based Kinetic Technologies for a total of $93 million, with the completion of the transaction anticipated by April 30, 2026.
- NTPC announced the commencement of commercial operations for 243.66 MW of capacity from its 1,255-MW solar power project located in Khavda, Gujarat.
- Indian Overseas Bank – The government has opted to exercise the oversubscription option by providing an extra 7.6 crore shares, which accounts for 0.395% of the bank’s paid-up equity, in addition to the base offer of 38.51 crore shares, or 2% of equity, in the offer-for-sale set for December 18.
- Titagarh Rail systems has obtained a contract valued at Rs 273.24 crore from the Indian Railways for the provision of 62 rail maintenance vehicles, which will include training, servicing, and breakdown assistance.
- GMR Power intends to secure more than Rs 1,200 crore via a preferential allotment, which includes the issuance of 6.61 crore equity shares to non-promoter investors and 3.30 crore convertible warrants to the promoter group, pending necessary approvals.
- AstraZeneca Pharma has received authorization from the Central Drugs Standard Control Organisation to import, market, and distribute Datopotamab Deruxtecan (r-DNA origin) in India.
- KPI Energy has established a Memorandum of Understanding (MoU) with the Government of Botswana to collaboratively pursue large-scale initiatives in renewable power generation, energy storage, and transmission infrastructure.
- ACME Solar has effectively completed the commissioning of 52 MW of capacity from its 100 MW wind power project situated in Surendranagar, Gujarat.