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Kaynes Tech Slumps, SpiceJet Soars, Biocon Slides on Strategic Announcements
Kaynes Tech Slumps, SpiceJet Soars, Biocon Slides on Strategic Announcements
Written by - Fisdom Research
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December 8, 2025
1 minute
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Market Snapshot
Indian equities opened weak and slipped further as broad-based selling pulled the Nifty below 26,000, breaking its two-day uptrend.
Caution ahead of the US Fed policy meeting triggered profit-booking through the session, though late buying helped the index recover part of the losses.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY IT
-0.3
NIFTY AUTO
-1.2
NIFTY PRIVATE BANK
-0.8
NIFTY PHARMA
-1.3
NIFTY OIL & GAS
-0.8
NIFTY HEALTHCARE INDEX
-1.4
NIFTY FMCG
-1.2
NIFTY CONSUMER DURABLES
-1.5
Top News
Kaynes Technology fell sharply for a third straight session as concerns raised by Kotak Institutional Equities over related-party disclosure inconsistencies triggered a steep sell-off.
SpiceJet rallied for the second consecutive day, supported by IndiGo’s large-scale flight disruptions and the airline’s plans to ramp up its operational fleet over the coming years.
Biocon declined after announcing it will fully acquire Biocon Biologics, with analysts warning that the move could lead to equity dilution for shareholders
