NIFTY50 below 25,950, SENSEX down 227 pts in noon session; SpiceJet, L&T, JSW Steel among buzzing stocks

The benchmark indices SENSEX and NIFTY50 slipped in Tuesday’s afternoon session, weighed down by losses in IT stocks, while the midcap and small-cap indices recovered from their intraday lows. Weak global cues further dampened investor sentiment.

The SENSEX fell as much as 0.85% to an intra-day low of 84,382.96. Meanwhile, the NIFTY50 reached the session’s low of 25,728.

At 12:22 PM, the S&P BSE SENSEX slumped by 227.69 points, or 0.27%, to 84,875, while NSE’s NIFTY50 was trading at 25,908.25, reflecting a 52.30 points, or 0.20% slip.

The NIFTY50 index was dragged down by selling in the shares of Asian Paints (-3.79%), HCL Technologies (-1.16%), Mahindra & Mahindra (-1.06%), Tata Consultancy Services (-0.99%), and ICICI Bank (-0.90%), which were among the top losers.

On the flipside, the top winners included Titan Company (up 1.91%), Shriram Finance (0.93%), Bajaj Finserv (0.90%), Adani Enterprises (0.86%) and Adani Ports and Special Economic Zone (0.81%).

Buzzing stocks on December 9: Check list

Shares of rice manufacturers, such as LT Foods (intra-day decline of 7.95%), KRBL (-2.58%) and GRM Overseas (-5.55%), among others, opened lower on the National Stock Exchange (NSE) on Tuesday, December 9.

This comes after news reports stated that US President Donald Trump had announced a multi-billion-dollar farm relief package and intensified his criticism of agricultural imports from India and other Asian countries.

At a White House roundtable, Trump stated that tariffs would be used aggressively to protect American farmers, which weighed on sentiment for Indian rice stocks.

Shares of InterGlobe Aviation, the operator of the air carrier IndiGo, were trading 0.16% higher at ₹4,931.50 apiece in a volatile trading session on Tuesday, amid the ongoing staffing crisis and regulatory scrutiny.

The aviation safety regulator, DGCA, on Tuesday said it has reduced IndiGo's flight schedule by 5% following large-scale flight disruptions since December 1, 2025.

The order to this effect was issued by the Directorate General of Civil Aviation (DGCA) on Tuesday.

The flights have been cut across sectors, particularly on high-demand, high-frequency routes, according to the statement.

According to a PTI report, IndiGo cancelled around 180 flights from Bengaluru and Hyderabad on Tuesday, as the disruption in the crisis-hit airline prolonged for the eighth consecutive day.

The stock of SpiceJet rallied as much as 7.66% to the session’s high of ₹34.99 per equity share on the BSE, after the airline expanded its fleet with two additional Boeing 737 aircraft.

The two aircraft commenced operations on November 26 and 29, respectively, and are currently deployed on key routes including Delhi-Bangkok, Ahmedabad-Dubai and Ahmedabad-Kolkata, the IndiGo rival said in a regulatory filing.

“Both aircraft have completed all regulatory formalities and have already entered commercial service,” it added.

Larsen & Toubro (L&T) shares slipped as much as 1.19% to an intraday low of ₹3,949.1 apiece, after the infrastructure major announced the transfer of its realty business to its arm L&T Realty Properties Ltd.

The development marks the beginning of a phased consolidation of all real estate assets and undertakings of Larsen & Toubro (L&T).

The approval on the same was given by the board through a slump sale via a scheme of arrangement. However, it is subject to requisite regulatory approvals.

Shares of JSW Steel were trading in the red after the company posted its crude steel production data for November 2025.

At the time of writing, the stock was trading 0.04% lower at ₹1,118.60 apiece. Intra-day, the scrip fell as much as 1.72% to a low of ₹1,099.30 per equity share.

JSW Steel reported a 5% increase in its consolidated crude steel production to 24.39 lakh tonnes in November, compared to an output of 23.23 lakh tonnes it logged in the year-ago period.

The production of its Indian operations also advanced by 5% to 23.61 lakh tonnes during the month, it said in a regulatory filing.

The company said capacity utilisation at its Indian operations stood at 84%, lower due to the shutdown of a blast furnace at its Vijayanagar facility for capacity upgradation.

The stock of Fujiyama Power Systems Ltd surged as much as 5.03% to an intra-day high of ₹209.99 per equity share, after the rooftop solar solutions provider released its latest set of numbers for the second quarter of the financial year 2025-26.

The company reported a 97.4% surge in its profit after tax to ₹62.9 crore in the September quarter of FY26, compared to ₹31.9 crore in the corresponding period of the previous fiscal year.

Its revenue from operations advanced 72.6% to ₹567.9 crore in Q2 FY26, as against ₹329.1 crore in the year-ago period.

Shares of education platform PhysicsWallah advanced as much as 5.17% to ₹145.6 per unit, after the company reported a 62.4% YoY increase in its consolidated net profit attributable to owners of the company at ₹72.32 crore in the latest September quarter.

In the year-ago period, the post-tax profit was ₹44.53 crore.

Its revenue from operations expanded 26% to ₹1,051.23 crore in the second quarter of the current fiscal year, compared to ₹832.17 crore in Q2 FY25.

Apollo Micro Systems' stock declined as much as 4.98% to the day’s low of ₹236.40 per equity share.

This comes after the defence and aerospace technology firm signed a Memorandum of Understanding (MoU) with the Government of Telangana for strategic greenfield expansion in the state.

Under the MoU, AMS, along with its subsidiaries and step-down subsidiaries, will be setting up a greenfield project in Telangana, it said in a regulatory filing.