Indian equity benchmarks Sensex and Nifty slipped into negative territory in early trade on December 15, ending a two-day winning streak amid widespread selling pressure. Weak global cues, a falling rupee, and continued foreign outflows dampened investor sentiment. Around 9:50 am, the Sensex was down over 320 points, or 0.4 percent, at 84,944, while the Nifty 50 declined nearly 112 points to 25,935.
Except for the Nifty Media index, all sectoral indices traded lower. Auto, Realty, and Oil & Gas stocks dropped about 1 percent each, while media stocks such as PVR INOX, DB Corp, and Sun TV gained 2–4 percent. Auto stocks saw notable losses, with Mahindra & Mahindra and Eicher Motors falling 1.5 percent each, and Hyundai Motors down over 2 percent.
Market weakness was driven by the rupee hitting a record low of 90.6 per dollar, persistent FII selling, and negative global markets. Experts advised investors to remain cautious, adopt a buy-on-dips strategy near support levels, and avoid aggressive positions amid ongoing volatility.
