Aniket PujariAmid a late-session recovery, the Indian stock market closed Wednesday, December 3, with minor losses. Despite the rebound, the indices remained under pressure, marking the fourth consecutive session of weakness amid continued pressure on the Indian rupee and sustained selling by overseas investors.
The Nifty 50 closed at 25,958, down 0.18% from the previous close, while the Sensex fell 0.05% to 85,091. The broader markets fared worse, with the Nifty Midcap 100 slipping 1% and the Nifty Smallcap 100 declining 0.71%.
After scaling fresh all-time highs last week, both the Nifty 50 and Sensex witnessed profit booking, which accelerated in the following sessions amid currency woes, leading to declines of 1.3% and 1.2%, respectively, from their record highs.
