Stock Market Update: The downslide continues, Sensex drops 208 points, Nifty below 18650

Stock Market Update: In a tumultuous trading session on Tuesday, the benchmark BSE Sensex dropped for the third straight session as a result of profit-taking in the IT, metal, and pharmaceutical sectors ahead of the RBI policy announcement on December 7. The benchmark price for the 30-share BSE index fell 208.24 points, or 0.33 percent, to close at 62,626.36. The larger NSE Nifty closed at 18,642.75, up 58.30 points or 0.31 percent.

Major laggards and winners

Tata Steel, Dr. Reddy, Infosys, State Bank of India, and Bharti Airtel were the Sensex pack's main laggards. Among the winners were Hindustan Unilever, Power Grid, UltraTech Cement, and Nestle India

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Stock Market Update: Zinc futures rise on spot demand

In the futures market on Tuesday, zinc prices rose by Rs 2.35 to Rs 276.95 per kilogramme, following a steady trend in physical markets and an uptick in spot demand. Zinc contracts for December delivery increased by Rs 2.35 (0.86%) to Rs 276.95 per kg on the Multi Commodity Exchange, where 3,301 lots were traded.

Bajaj Consumer Care share price jumps 5%

On Tuesday, December 6, early morning trades of shares of Bajaj Consumer Care, NSE BAJAJCON, increased by more than 5% due to news of a buyback proposal. The stock increased 4.19 percent, or Rs 550 per share, from the previous closing of Rs 175.50 to open at Rs 181 per share on NSE. At 9:35 AM, the counter's price was Rs 182.85.

Nifty PSU Bank soars

The NSE Nifty PSU Bank index has increased by 2.65% day-to-day. The increases were led by Punjab & Sind Bank (up 9.80%), Bank of India (up 6.26%), and Union Bank of India (up 4.95%).

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