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Nifty Slides Below 25,850; PSU Banks Lead Losses

Nifty trades below 25,850 as PSU banks decline in early afternoon session. NTPC Green Energy reports 6.6 MW wind capacity, Zydus Lifesciences launches Zyrifa biosimilar. Market updates and stock highlights.
Nifty Slides Below 25,850; PSU Banks Lead Losses

Mumbai, December 10, 2025: The domestic equity markets traded slightly lower in early afternoon sessions as investors awaited the Federal Reserve’s commentary on growth and inflation to gauge potential interest rate changes. Markets broadly anticipate a 25-basis-point rate cut from the Fed today.

The Nifty 50 slipped below 25,850, down 32.80 points (0.13%) at 25,806.85, while the S&P BSE Sensex lost 88.53 points (0.10%) to 84,577.75.

Broader Market Trends:

  • S&P BSE Mid-Cap: down 0.38%

  • S&P BSE Small-Cap: up 0.04%

  • Market Breadth: 726 shares advanced, 1,107 shares declined, 225 unchanged

 

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Derivatives & Volatility:

  • India VIX: 10.93, up 0.20%

  • Nifty December 30, 2025 futures: 25,925.10 (premium of 118.25 points)

  • Options: Maximum call OI at 26,000 strike (83.8 lakh contracts), maximum put OI also at 26,000 strike (72.8 lakh contracts)

PSU Banks:
The Nifty PSU Bank index slipped 0.42% to 8,216.35 after a 1.29% gain in the previous session. Major losers included:

  • Bank of India (-1.39%)

  • Union Bank of India (-1.38%)

  • Bank of Baroda (-1.05%)

  • Indian Bank (-0.67%)

Minor gains were seen in:

  • Indian Overseas Bank (+0.68%)

  • Bank of Maharashtra (+0.30%)

Stocks in Focus:

  • NTPC Green Energy (NGEL): down 0.30% after announcing commercial operations for 6.6 MW wind capacity at its 100 MW hybrid project in Bhuj, Gujarat.

  • Zydus Lifesciences: up 0.97%, launching Zyrifa, a Denosumab 120 mg biosimilar for advanced bone-health treatment.

Summary: The market is treading cautiously amid global rate expectations, with PSU banks facing pressure while select renewable and pharma stocks show positive movement.

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