Market Wrap: Nifty and Sensex Close in Red Amid Mixed Corporate News
Indian stock markets ended in the red on December 9, with Nifty 50 down 0.46% and Sensex falling 0.49%. Despite the negative close, market breadth was positive with 2,860 advancing stocks versus 1,690 decliners. Key corporate actions included InterGlobe Aviation's board appointment, JSW Steel's production update, and strong results from Emmvee Photovoltaic. Other notable developments involved PhysicsWallah's growth strategy, Apollo Micro Systems' government partnership, and stake changes in PB Fintech.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed in negative territory on December 9, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, registering losses.
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,841.05 | -119.50 | -0.46% |
| BSE Sensex | 84,686.63 | -416.06 | -0.49% |
Market Breadth
Despite the overall negative sentiment, the market breadth showed a positive trend:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,550 |
| Positive | 2,860 |
| Negative | 1,690 |
Buzzing Stocks
Several companies made headlines with significant corporate announcements:
InterGlobe Aviation (IndiGo)
Shareholders approved the appointment of Amitabh Kant as Non-Executive Non-Independent Director with 96.05% votes in favor. The airline's operations have reportedly returned to normal levels.
JSW Steel
Reported a 5% year-on-year increase in crude steel production for November 2025, producing 24.39 lakh tonnes. The company operated at 84% capacity utilization due to a blast furnace shutdown.
PhysicsWallah
The edtech company expects 25-30% sustainable growth as part of its offline expansion strategy. It plans to reduce marketing spend and open 75 new centers next year.
Emmvee Photovoltaic Power
Reported strong quarterly results with revenue up 181% year-on-year to ₹1,131 crore. The company maintains a 5GW+ confirmed order book and expects a new 6GW facility to be operational by early 2027.
Apollo Micro Systems
Partnered with the Telangana Government for a ₹1,500 crore defence production expansion project. Shareholders rejected material related party transactions but approved a loan guarantee for a probable step-down subsidiary.
ICICI Bank
Allotted 503,178 equity shares under its Employee Stock Option Scheme-2000. The bank also plans to purchase up to 2% stake in ICICI Prudential Asset Management.
Fujiyama Power Systems
Delivered strong quarterly results with net profit nearly doubling year-over-year. The company appointed cricket star Surya Kumar Yadav as brand ambassador for FUJIYAMA SOLAR.
PB Fintech
Singapore-based MacRitchie Investments acquired a 6.47% stake in the company through allotment pursuant to an amalgamation scheme.
Conclusion
The Indian markets closed lower on December 9, 2025, despite positive market breadth. Corporate actions and financial results across various sectors provided mixed signals to investors, reflecting the complex dynamics of the current market environment.
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