Broad-based selloff pushes frontline indices lower as metal stocks weaken

Heavy sector-wide selling dragged benchmarks lower as metal stocks led losses, while weak market breadth and declining mid and small caps reflected cautious investor sentiment.

Live Market Updates

Latest Financial News

neutral
7 days ago

Broad-based selloff pushes frontline indices lower as metal stocks weaken

Broad-based selloff pushes frontline indices lower as metal stocks weaken
Selling pressure intensified across Indian equities on December 9 as benchmark indices extended their decline amid weak global cues and sector-wide losses. The Sensex dropped 404.36 points to trade at 84,698.33, while the Nifty also moved lower, weighed down mainly by a sharp fall in metal stocks. Market breadth turned decisively negative with declines far outnumbering advances across the BSE500 universe. Large caps slipped 0.54 percent, while mid cap and small cap indices fell 0.78 percent and 0.89 percent respectively.