Indian shares fall as rupee continues to slide; Axis Bank drops 4%

Dec 16, 2025, 14:04 GMT+7
Reuters -India's Nifty 50and Sensexdown 0.5% each, set for second consecutive session of losses
** Uncertainty over a potential India-U.S. trade deal weighing on stocks, propelling foreign outflows and weaker rupee, say analysts
** Indian currency declines past 91 against U.S. dollar for the first time
** Thirteen of the 16 major stock indexes down; small-capsand mid-capsdown 0.7% and 0.8%, respectively
** Investors await U.S. non-farm payrolls and inflation data due this week for cues on future rate action by Federal Reserve
** Information technologycompanies, which get a substantial chunk of revenue from United States, down 1.1%
** Axis Bankdrops 4%, among top two losers on Nifty 50, as Citi says pressure on net interest margins to persist in Q3
** PB Fintechslides 5.5% after multiple media reports say government's proposed insurance bill to cap commissions for insurance agents, intermediaries

Sumber : Reuters