Stock Market Today 10 Dec: Indian benchmark indices opened in green on Wednesday. Buying was seen in Nifty Auto, IT, FMCG, and Metal sectors in early trade. At 9:30 AM, Sensex was trading at 84,869.59, up 203.31 points or 0.24 percent. The Nifty was at 25,897.20, up 57.55 points or 0.22 percent.
The Nifty Bank index was trading at 59,321.20, up 98.85 points or 0.17 percent. The Nifty Midcap 100 index was at 59,799.95, up 123.75 points or 0.21 percent. The Nifty Smallcap 100 index was at 17,259.15, up 13.35 points or 0.08 percent.
Experts On Stock Market
Market experts said, “As the year draws to a close, market structure is becoming more challenging. We are seeing heavy selling in the broader market as valuations had become very high and were only being sustained by liquidity. This is not sustainable, but the overall market weakness and continuous selling by FIIs (Foreign Institutional Investors) are somewhat concerning.”
They further added, “A major concern is the delay in finalising the India-US trade deal. Yesterday’s comments by US President Trump that India should be penalised for dumping rice in the US have impacted sentiment. However, the fundamentals remain in India’s favour. High growth and corporate earnings are achievable in the coming quarter.”
Top Gainers and Losers Shares
Meanwhile, in the Sensex pack, M&M, Tata Steel, Trent, Adani Ports, TMPV, HCL Tech, and UltraTech Cement were the top gainers. Bajaj Finance, Bharti Airtel, Titan, Eicher Motors, and Sun Pharma were the top losers. Asian markets in Bangkok, Jakarta, and Seoul were trading in the green, while Japan, China, and Hong Kong were trading in the red.
US Market Today
US markets ended mixed in the last trading session. The Dow Jones closed at 47,560.29, down 0.38 percent or 179.03 points. The S&P 500 index closed at 6,840.51, down 0.09 percent or 6.00 points, while the Nasdaq closed slightly higher at 23,576.49, up 0.13 percent or 30.58 points.
Foreign institutional investors (FIIs) were net sellers on December 9, selling Indian equities worth ₹3,760.08 crore. Domestic institutional investors (DIIs) were net buyers on the same trading day, purchasing shares worth ₹6,224.89 crore.
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