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HomeMarket NewsStocks recover from lows, end flat; banks cap losses as rupee hits record low
The benchmark Sensex slipped 54 points to close at 85,213, while the Nifty 50 ended 20 points lower at 26,027, snapping a two-session gaining streak. Market breadth was marginally positive, with the NSE advance-decline ratio at 1:1, even as broader indices underperformed.
By CNBCTV18December 15, 2025, 3:46:42 PM IST (Published)
The stock market erased sharp intraday losses to end largely flat on Monday, as gains in banking stocks and selective buying in IT counters offset pressure from midcaps and currency weakness, with the rupee sliding to a fresh record low against the US dollar.
The benchmark Sensex slipped 54 points to close at 85,213, while the Nifty 50 ended 20 points lower at 26,027, snapping a two-session gaining streak. Market breadth was marginally positive, with the NSE advance-decline ratio at 1:1, even as broader indices underperformed.
Banking stocks outpaced the broader market, helping cap losses, with the Nifty Bank index rising 72 points to 60,213. IDFC First Bank, Federal Bank and AU Small Finance Bank were among the top gainers in the index. IT stocks recovered from intraday lows, supported by a sharp depreciation in the rupee, which fell to an all-time low of 90.79 per US dollar. Coforge rebounded about 2% from the day’s lows.
In the broader market, the midcap index slipped 71 points, reflecting continued profit-taking in select names. Among individual stocks, Amber Enterprises rose 3% following positive management commentary and a favourable brokerage note. InterGlobe Aviation gained 2% after the airline said it operated 2,050 flights on December 13 with zero cancellations, easing investor concerns after recent disruptions.
Urban Company shares fell 4% after the expiry of a shareholder lock-in period, while Matrimony.com slid more than 5% after its board approved a buyback of up to 893,000 shares at ₹655 per share. Vascon Engineers rose 3% after securing an order worth ₹260 crore from the Navi Mumbai Municipal Corporation.
Hindustan Zinc extended its rally, rising 15% over the last five sessions, while Vodafone Idea ended more than 2% lower despite a media report on adjusted gross revenue dues. Wakefit made a muted market debut, closing over 3% lower. Geojit Financial Services jumped 8% after about 15% of its equity changed hands in a block deal, while KEC gained 2% after bagging orders worth ₹1,150 crore in its transmission, distribution and civil businesses in India.
