Stock market news, Dec. 12 -- The Indian stock market staged a rebound on Thursday, December 11, after a three-day selloff, after the Federal Reserve's 25-basis-point rate cut, even as the Indian rupee slumped to a fresh record low amid stalled India-US trade deal.

After trading on a volatile note in the earlier part of the session, indices staged a smart rebound amid buying in banking and auto stocks. Rebounding from its early lows, the 30-share BSE Sensex climbed 426.86 points or 0.51%, to settle at 84,818.13. The 50-share NSE Nifty appreciated by 140.55 points, or 0.55%, to close at 25,898.55.

The Indian rupee faced intense selling pressure and plunged 39 paise to close at an all-time low of 90.33 against the US dollar as doubts over...