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Indian markets declined for the third straight session, with Sensex dropping over 200 points while Nifty50 held 22,900. Oil & gas stocks gained, but FMCG and banks saw selling pressure. ITC, Natco Pharma, and Birlasoft hit fresh 52-week lows.

Gold prices hit a fresh high of Rs 89,450 per 10 grams in the national capital on Thursday, advancing Rs 50 amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 89,400 per 10 grams on Wednesday.

A 52-week high is a key metric for traders and investors, indicating a stock s peak value over the past year.

Fusion Finance is raising Rs 800 crore via a rights issue to boost capital adequacy beyond 30%. With improved liquidity and tighter underwriting, its AUM stands at Rs 10,599 crore. MSME lending is growing, with 85% secured loans. Provision coverage increased, reducing NNPA to 1.7%, reflecting financial strength.

Indian markets closed lower as banking stocks and Maruti Suzuki declined amid US tariff concerns. Rajesh Exports, Netweb Technologies, and Radico Khaitan surged, while Gujarat Toolroom and financial stocks saw declines.

The brokerage projects Nifty in the 21,800-25,700 range, based on 17.0-20.0X December 2026F earnings. In a best-case scenario, Nifty could reach 25,700, reflecting a 12% upside. However, the Japanese brokerage advises investors to stay selective and avoid overvalued stocks, emphasizing a cautious approach amid current market conditions.

China s Alibaba Group Holding on Wednesday topped Wall Street expectations for third-quarter revenue, on strong year-end shopping sales and the success of its strategy to attract cost-conscious consumers.

Markets regulator Sebi on Thursday proposed a framework for undertaking fast-track follow-on offers by REITs and InvITs to make fundraising more efficient.

Gaurav Dua, Senior VP at Sharekhan By BNP Paribas, predicts a technical rebound for small and midcap stocks, presenting a chance to sell. Despite a potential 8-10% rise, smallcaps, valued 40-45% higher than large-caps, face challenges in 2025. Largecap sectors like IT, pharma, and private banks are seen as safer investment options.

India s largest infrastructure group with businesses in cement and mining, has continued its strong double-digit growth despite external challenges.