The Indian stock market experienced a significant drop on Monday, 8 December, as investors reduced their positions across various sectors in response to mixed signals from the global markets. The Sensex declined by 610 points (0.71%), closing at 85,102.69, whereas the Nifty 50 decreased by 226 points (0.86%), finishing at 25,960.55. The BSE Midcap and Smallcap indices experienced a decline, with losses of 1.73% and 2.20%, respectively.
“The market experienced a broad-based decline, slipping below the 26,000 mark as investors turned cautious ahead of this week’s FED policy decision.” Despite strong domestic growth figures and the RBI’s recent rate cut, short-term sentiment continues to be clouded by global monetary policy concerns, ongoing FII outflows, and currency depreciation. “Volatility was further amplified by a surge in Japanese bond yields to multi-year highs, sparking fears of a potential unwinding of the yen carry trade,” said Vinod Nair.
Equities to Monitor :
- IndiGo has confirmed that its network operations have returned to normal following the disruptions experienced last week. In the meantime, a four-member DGCA committee probing the matter is expected to summon IndiGo CEO Pieter Elbers and COO Isidre Porqueras on Wednesday, December 10, for additional inquiries.
- Siemens’s Board of Directors has approved the divestiture of its Low Voltage Motors and Geared Motors divisions, including the related customer service operations, to Innomotics India. The transaction will be executed as a going-concern slump sale for an enterprise value of Rs 2,200 crore, on a cash-free, debt-free basis.
- Larsen & Toubro’s Board of Directors has approved the transfer of its real estate business to its subsidiary, L&T Realty Properties, via a slump sale under a Scheme of Arrangement. The action is dependent on obtaining the required regulatory approvals.
- ICICI Bank has entered into a share purchase agreement with Prudential Corporation Holdings (PCHL) to acquire a 2% stake in ICICI Prudential AMC from PCHL for Rs 2,140 crore.
- Bajaj Finserv – The diversified financial services group has disclosed provisional business performance figures for its unlisted insurance subsidiaries — Bajaj General Insurance Ltd and Bajaj Life Insurance Ltd — for November 2025, along with the year-to-date performance up to November 2025.
- Torrent Power has secured a long-term sale and purchase agreement (SPA) with Jera Co., Inc., the largest power producer in Japan, to deliver up to 0.27 MMTPA of liquefied natural gas (LNG). The agreement encompasses four LNG cargoes annually for a duration of 10 years, commencing in 2027.
- Mahindra & Mahindra has revealed the name of its upcoming flagship premium SUV — the XUV 7XO. The new model is positioned as the successor to the XUV700, which has achieved remarkable success with over 300,000 owners in just four years. The XUV 7XO is anticipated to build upon the legacy of its predecessor, showcasing enhanced features and design elements.
- Welspun Corp’s associate company, East Pipes Integrated Company for Industry (EPIC), listed in Saudi Arabia, has successfully secured a contract from the Saudi Water Authority for the manufacturing and supply of steel pipes. The transaction is assessed at more than 485 million SAR (approximately Rs 1,165 crore).
- Piramal Finance – Reports indicate that Piramal Finance, a non-deposit-taking NBFC, is contemplating the acquisition of a player in the gold loan sector as part of its strategy to enter this market.
- Fujiyama Power Systems showcased a strong performance in the September quarter, reporting a net profit of Rs 62.9 crore — a remarkable increase of 97.2% from Rs 31.9 crore in the corresponding period last year.