Nifty 50 outlook, Dec. 16 -- The Indian stock market witnessed a broad-based sell-off in Tuesday's session, December 16, as the relentless fall in the Indian rupee began to pinch the equity market, keeping overall sentiment fragile despite strong domestic fundamentals.

The Nifty 50 got off to a weak start following tepid global cues, and the sell-off intensified as the day progressed, leaving no chance for the index to attempt a rebound. The 50-pack Nifty closed the session at the day's low of 25,860, down 0.64% from the previous close, marking the second straight session of decline.

Although domestic triggers remain in favour of bulls, the rupee slide, sustained selling by foreign portfolio investors, and uncertainty over a trade deal ...