India's stock benchmarks fall on caution ahead of Fed decision

Spicejet

09/12/2025 07:17

** India's Nifty 50 .NSEI and Sensex .BSESN trim losses, down 0.3% each vs 0.9% drop earlier

** Benchmarks set to extend losses after posting their biggest drop in over two months on Monday

** Analysts say sentiment is cautious ahead of Fed's rate decision on Wed and due to India-U.S. trade deal limbo

** Nine of 16 major sectors trade lower; IT index .NIFTYIT down 1%

** In contrast, broader mid-caps .NIFMDCP100 and small-caps .NIFSMCP100 up 0.4% and 0.8%, respectively

** Fed expected to lower rates but Wall Street bankers anticipate fewer cuts in 2026

** Asia stocks .MIAPJ0000PUS also decline, down 0.6%  MKTS/GLOB

** Among individual stocks, budget carrier Spicejet SPJT.BO jumps 6.8%, set for third session of gains amid operational crisis at larger peer IndiGo INGL.NS, which is down 0.8%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))