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Indian Markets Decline Amid Global Economic Pressures
Sensex and Nifty declined amid global volatility and rising unemployment in the U.
Indian markets closed lower on December 16, with Sensex dropping 533.50 points (0.63%) to 84,679.86 and Nifty falling 167.20 points (0.64%) to 25,860.10. The declines were driven by a mix of global market volatility and weaker than expected U.S. jobs data, which showed rising unemployment. Despite this, Indian midcap stocks rose 0.5%, showing resilience amidst broader market corrections. Traders are focusing on the Federal Reserve's stance and upcoming inflation data.