Indian Markets Decline Amid Global Economic Pressures

Sensex and Nifty declined amid global volatility and rising unemployment in the U.S., though midcaps showed positive movement.

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Indian Markets Decline Amid Global Economic Pressures

Indian Markets Decline Amid Global Economic Pressures
Indian markets closed lower on December 16, with Sensex dropping 533.50 points (0.63%) to 84,679.86 and Nifty falling 167.20 points (0.64%) to 25,860.10. The declines were driven by a mix of global market volatility and weaker than expected U.S. jobs data, which showed rising unemployment. Despite this, Indian midcap stocks rose 0.5%, showing resilience amidst broader market corrections. Traders are focusing on the Federal Reserve's stance and upcoming inflation data.