NIFTY50 below 26,000, SENSEX down 767 pts, in noon session; IndiGo, Suzlon Energy, Eternal among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued their downward trend during Monday’s afternoon session, as weak global cues, weakening rupee and continued foreign fund outflows weighed on investor sentiment.

The rupee depreciated 16 paise to 90.11 against the US dollar in early trade on Monday, weighed down by elevated crude oil prices, a strong dollar and persistent foreign fund outflows. At the interbank foreign exchange, the rupee opened at 90.07 against the US dollar, then dropped to 90.11, down 16 paise from its previous close.

The SENSEX declined as much as 0.94% to an intra-day low of 84,906.90. Meanwhile, the NIFTY50 reached the session’s low of 25,902.95.

At 1:58 PM, the S&P BSE SENSEX slumped by 767.59 points, or 0.90%, to 84,944.77, while NSE’s NIFTY50 was trading at 25,923.95, reflecting a 262.50 points, or 1% slip.

On the SENSEX, 29 out of 30 shares were trading lower.

Furthermore, India VIX, the volatility gauge, spiked as much as 12.5% to hit an intraday high of 11.61 during the afternoon session on December 8.

Shares of InterGlobe Aviation, which lost 7.70%, contributed to the decline of the NIFTY50 index. It was followed by Bharat Electronics (-3.81%), JSW Steel (-2.26%), Eternal (-2.22%), and Jio Financial Services (-2.02%), which were among the top losers.

On the contrary, the top gainers included Tech Mahindra (0.81%), HCL Technologies (0.50%), HDFC Life Insurance Company (0.49%), Wipro (0.29%) and Tata Consultancy Services (0.30%).

Buzzing stocks on December 8: Check list

Shares of InterGlobe Aviation, the operator of the air carrier IndiGo, slumped as much as 7.62% to an intra-day low of ₹4,961.50 apiece on the National Stock Exchange (NSE) on December 8, after the country's largest airline cancelled over 650 flights on Sunday.

At the same time, SpiceJet stocks rallied as much as 14.11% to the session’s peak of ₹35.50 per equity share on the BSE, amid IndiGo’s operational crisis.

Meanwhile, disrupted operations were slowly stabilising as the number of cancellations decreased, and more than ₹610 crore in ticket refunds were processed for affected passengers, PTI reported.

Shares of Eternal, formerly Zomato, witnessed see-saw trading in the morning session on Monday, following reports of a block deal. Intra-day, the stock declined as much as 2.92% to hit a low of ₹285.80 apiece on the NSE.

The stock, which slipped in the opening session, gained later and then again slipped into the negative territory.

According to news reports, 5.3 crore shares, representing 0.54% equity worth ₹1,535 crore, changed hands in the block deal window. The transaction, according to a report by CNBC-TV18, took place at an average price of ₹290.4 per share.

Shares of Matrimony.com rallied as much as 13.87% to hit the day's high of ₹541.7 apiece, after the company said that it would consider a share buyback proposal on December 15.

In its regulatory filing, "A meeting of the Board of Directors of the Company will be held on December 15, 2025, inter alia, to consider and approve the proposal for the buyback of its fully paid-up equity shares of the Company."

Ashoka Buildcon stock soared as much as 3.36% to the session’s peak of ₹170.79 per equity share.

This comes after the company received a letter from the Brihanmumbai Municipal Corporation (BMC) awarding the scope of work for the existing project, viz., the construction of Flyover Arm-1 and Arm-2 at the T-junction on Sion Panvel Highway, Maharashtra Nagar, in M/E Ward (Project).

The cost of the additional scope of work awarded to the company for the above project is ₹447.21 crore, including taxes, it said in a regulatory filing on Saturday.

Shares of Fino Payments Bank were trading in the red on Monday.

This comes despite the bank, in a regulatory filing posted after market hours on Friday, stating that it has received an ‘in-principle’ approval from the RBI for converting the bank from a Payments Bank to a Small Finance Bank.

Intra-day, the stock fell 7.58% to a low of ₹290.85 apiece on the NSE.

"The ‘in-principle’ approval also marks the first instance of a Payments Bank in India getting an opportunity to convert into an SFB. It is an affirmation of the strength and scalability of Fino’s lean operating model, consistent performance and high standards of governance," it said in its earnings release.

Shares of Suzlon Energy surged as much as 2.42% to an intra-day high of ₹53 apiece, following a positive note from Morgan Stanley.

Morgan Staney, after an analyst meeting, said that the company expressed confidence that India will be at 6 GW wind target in FY26, 8 to 9 GW by FY28 and will likely exceed the 2030 target of 100 GW.

Furthermore, it saw a 20 to 30 GW upside from the Commercial & Industrial (C&I) segment.

It will be driven by a large under construction pipeline, increase in intra state bids, and rising demand from the C&I segment.

While 40 GW projects are under execution for the energy firm, about 25 GW are yet to be ordered out to Original Equipment Manufacturer (OEMs), Morgan Stanley added.

The company’s management stated that intrastate bids would increase with the Inter-State Transmission System (ISTS) waiver being reduced, adding that intrastate have lower risk of delays (since lower capacity constraints and right of way issues).

Stock of Ola Electric Mobility declined as much as 4.62% to an intra-day low of ₹33.86 per equity share, despite the company informing the exchanges on Sunday that it has commenced mass deliveries of its 4680 Bharat Cell power vehicles.

The S1 Pro+ (5.2 kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance and enhanced safety.

"Deliveries are now in full swing, and customers are proudly riding India's first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India's journey towards becoming a global EV hub," said a company spokesperson in a statement.