SENSEX declines 218 pts, NIFTY50 below 26,000 in afternoon session; KPI Green Energy, Vi among buzzing stocks

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

Continuing its slide against the greenback, the Indian rupee hit a fresh record low of 90.25 against the US dollar on December 3. Furthermore, investors remain on the lookout for the Reserve Bank of India’s December monetary policy meeting.

The SENSEX fell as much as 0.44% to an intra-day low of 84,763.64. Meanwhile, the NIFTY50 touched the session’s low of 25,891.

At 12:33 PM, the S&P BSE SENSEX fell by 218.23 points, or 0.26%, to 84,920.05, while NSE’s NIFTY50 was trading at 25,944.65, marking a 87.55 points, or 0.34% decline.

Shares of Max Healthcare Institute, which fell 2.28%, contributed to the decline of the NIFTY50 index. It was followed by Shriram Finance (-2.12%), Tata Consumer Products (-2.07%), Mahindra & Mahindra (-1.96%), and NTPC (-1.93%), which were among the top losers.

On the flipside, the top gainers included Wipro (2.17%),Tata Consultancy Services (1.70%), ICICI Bank (0.92%), Infosys (0.83%) and Hindalco Industries (0.76%).

Buzzing stocks on December 3: Check list

Shares of state-run banks such as Punjab National Bank (-4.63%), Bank of Baroda (-3.30%), and Union Bank of India (-2.89%), State Bank of India (SBI) (-2.04%), among others, are in focus, as the Minister of State for Finance Pankaj Chaudhary said on Tuesday that the government was not considering any proposal to raise the foreign direct investment (FDI) limit in public sector banks to 49%, from the current 20%.

At the time of writing, the PSU Bank index was trading 2.65% lower at the 8,288.90 level.

Shares of KPI Green Energy declined as much as 2.3% to an intra-day low of ₹420 apiece on the NSE.

This comes despite the energy company bagging a work order from Gujarat State Electricity Corporation Limited (GSECL) for the engineering, procurement, and construction (EPC) of a 142 MW (DC) / 110 MW (AC) floating solar photovoltaic (FSPV) project at the reservoir of the Kadana Dam in Mahisagar district, Gujarat, it said in a regulatory filing on Tuesday.

Shares of Sun Pharma Advanced Research Company (SPARC) surged as much as 11.43% to the session’s high of ₹179.43 apiece, extending its gains for the second straight session on December 3.

This follows the US District Court for the District of Columbia granting a summary judgment in favour of SPARC in the matter of issuance of Priority Review Voucher (PRV) associated with the approval of Sezaby, it said in a regulatory filing on Tuesday.

The Court granted SPARC’s motion for summary judgment and held that “FDA’s withholding of the PRV was contrary to law because no drug product containing phenobarbital sodium was ‘previously approved’ as that term is used in the statute” and allowed 60 days to appeal against the motion.

Doms Industries' stock soared as much as 6.49% to the day’s peak of ₹2,665.90 per equity share on Wednesday, after Antique gave positive commentary on the company, stating that the firm is positioned for the next leg of growth.

According to Antique, the stationery company has addressed its capacity bottlenecks through greenfield capex, adding that it has a huge scope for distribution expansion.

Furthermore, Doms Industries’ EBITDA (earnings before interest, tax, depreciation, and amortisation) and return ratios are likely to remain in the guided range, it stated.

Share of Chalet Hotels advanced as much as 4.41% to touch the day’s peak of ₹918.80 apiece, after the company informed exchanges that it has launched its new hospitality chain Athiva Hotels & Resorts.

The company launched hotels in six cities with 900-plus keys. The company launched properties in two properties in Mumbai, two properties in Goa, and one in Thiruvananthapuram.

Furthermore, global brokerage firm Jefferies said that the hospitality company reaffirmed its metro dominance at its analyst meet, citing institutional partnerships, mixed-use expertise and industry-leading execution.

It added that Chalet is focused on “Big Box” city assets and leisure properties, complemented by selective commercial RE. Since listing, Chalet has added 1,050+ keys and has 1,180 in the pipeline, Jefferis said.

It will balance brand tie-ups with a selective rollout of ATHIVA, its new upper-upscale brand tailored to each property’s potential, it stated.

Stock of Hindustan Zinc surged as much as 2.81% to an intra-day high of ₹509.60 per equity share, after silver rallied to a fresh lifetime high on Wednesday.

On the MCX, silver futures for March 2026 delivery soared as much as ₹3,126 or 1.72% to a fresh lifetime high of ₹1,84,727 per kilogram. Globally, Comex silver (for January 2026 delivery) rallied to a new all-time high of $59.165 per troy ounce.

Hindustan Zinc is the only pure listed silver play in India.

Vodafone Idea shares rose over 4% to hit an intraday high of ₹10.58 on Wednesday, December 3, as reports suggested that the cabinet will hold a meeting on Thursday to discuss AGR dues relief.

This week, the government said that it is awaiting a formal request from Vodafone Idea before moving ahead on any relief measures, adding that the Supreme Court judgment is recent and needs careful evaluation.