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​Krishnan said the market needs to get into a phase of consolidation. "Therefore, we think that 2025 is going to be that year of consolidation wherein fewer sectors, fewer stocks are likely to outperform," he said.

The sector-specific headwinds are expected to inflate operational and credit costs for microfinanciers in the medium term, Ind-Ra said. The rating agency expects asset quality stress for micro finance companies to continue in the near term with tightening of funding by banks and capital raising constraints expected to add to the challenges of the sector.

​Traders, who as recently as late September were fully pricing in another Fed rate cut by March, scrapped wagers that there will be one until the second half of the year. Separate data Tuesday showed job openings rose to a six-month high in November, boosted by a jump in business services — while other industries showed more mixed demand for workers.

​The stock fell 6.2% to $140.14 in New York, marking the biggest single-day decline in four months. Though the Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought. “Nvidia’s announcements today are significant, but long-tailed,” Stifel Financial Corp. said in a report.

The dollar strengthens as strong U.S. data drives up yields, dampening expectations of Federal Reserve rate cuts. The yen weakens near levels that previously prompted intervention, and the euro and sterling dip. Traders eye upcoming U.S. labor data and inauguration day developments for further market impact.

Oil prices increased due to reduced supplies from Russia and OPEC members. Data showed a rise in U.S. job openings, indicating economic growth and higher oil demand. Oil output from OPEC fell due to maintenance in the United Arab Emirates, despite a Nigerian output hike. Analysts expect oil prices to be lower in 2025 compared to 2024.

Tata Steel shares will be under scrutiny following their Q3 update. Key highlights include a 6% YoY increase in steel production to 5.68 million tonnes, best-ever Q3 deliveries at 5.29 million tonnes, and robust domestic and international performance. Notably, new initiatives also boost revenue growth.

​​In a strong market, it would not have made that big an impact as we saw. And finally, when the secondary market numbers came out, domestics were buying nearly 2x the selling by the FIIs. So, clearly, it was a question of domestic investors also selling out while institutions were buying, so that is showing the skittish nature of the market.

State-owned RVNL partners with Dubai-based GBHIC to pursue infrastructure projects in the GCC region. Despite a 27% YoY drop in Q2 FY25 net profit to Rs 286.9 crore, RVNL’s share price has increased by 475% over the past two years, with a current market cap of Rs 86,830 crore.