Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.

Indian equity benchmarks, Sensex and Nifty, closed lower on Tuesday, weighed down by weak global cues and losses in metal, realty and financial stocks.

At the closing bell, the BSE Sensex closed lower by 533 points (down 0.6%).

Meanwhile, the NSE Nifty closed 167 points lower (down 0.6%).

Titan Company, Bharti Airtel, and M&M are among the top gainers today.

Axis Bank, Eternal, and HCL Tech, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,915, higher at the time of writing.

The BSE MidCap index ended 0.7 lower, and the BSE SmallCap index ended 0.7 lower.

Barring the FMCG sector, all other sectoral indices are trading positively today, with stocks in the metal sector and realty sector witnessing buying.

The rupee is trading at Rs 89.9 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 133,620 per grams.

Meanwhile, silver prices were trading 0.4% lower at Rs 196,980 per 1 kg.

Three Reason why Indian share markets are falling:

# 1 Indian Rupee hits new all-time low

The Indian Rupee fell to a fresh all-time low of 91.08 versus the US dollar on Tuesday, marking a decline of over 1% in the past five trading sessions.

#2 FIIs outflows

Foreign institutional investors (FIIs) have been net sellers in the Indian stock market this December. On Monday alone, they sold stocks worth Rs 14.6 bn, bringing the total for the month so far to Rs 210.7 bn.

#3 India-US trade deal

Uncertainty continues over the India-US trade deal, though reports suggest it could be signed soon. Both countries are aiming to finalise a framework agreement shortly, as part of multiple trade negotiations being pursued globally.

India is also maintaining a firm stance on dairy products and has started rerouting some of its trade, indicating it is not rushing the deal.
 

SEPC Stock Surges on Big Order

In the news from construction sector, shares of SEPC surged after it won a railway infrastructure project worth Rs 2.6 billion (bn) under the Ajmer-Chanderiya Doubling Project.

The contract has been awarded to the VPRPL-SBEL Joint Venture, with SEPC responsible for executing the project works under the joint venture's supervision. The project scope includes civil and formation works on the Mandpiya to Chanderiya section, such as earthwork for embankments, cutting and blanketing, construction of major and minor bridges, road underbridges, limited-height subways, foot over bridges, and trolley refuges.

This project is part of Indian Railways' capacity enhancement programme, aimed at improving efficiency and connectivity on key routes. The order strengthens SEPC's transportation infrastructure portfolio and reinforces its position in the railway EPC (Engineering, Procurement, and Construction) segment.
 

GOCL Corp Gains on Merger Approval

Shares of GOCL Corporation came into focus after the company's board approved a scheme of merger by absorption of Hinduja National Power Corporation Limited (HNPCL) into GOCL.

HNPCL, which works in power generation, transmission, and supply, will be merged into GOCL after receiving the necessary shareholder and regulatory approvals. Although this is a related-party transaction, it is being done on an arm's-length basis.

The merger aims to combine and streamline operations, improve efficiency, make better use of assets and cash, simplify the corporate structure, and boost long-term growth and shareholder value.

GOCL expects to benefit from larger scale, easier capital raising, pooled talent, and a sharper focus on its thermal power business.

Under the merger, HNPCL shareholders will receive 206 fully paid GOCL shares (Rs 2 face value) for every 10,000 HNPCL shares (Rs 10 face value) they hold.

GOCL's promoter holding will increase from 67.82% to 74.87%, while public shareholding will drop from 32.18% to 25.13%. After the merger, HNPCL will cease to exist as a separate company, with all its shares cancelled.

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