The benchmarks take a much-expected breather after claiming fresh all-time highs in previous session.
Nifty’s intraday gains fizzled out by the second of the day’s session amidst profit-booking. BankNifty however, was able to defend some of its gains as it ended a tad above the dotted lines.
Benchmark Indices
NIFTY (-13, 26203)
SENSEX (-19, 85702)
BANK NIFTY (+15, 59753)
New Records Touched Earlier in Thursday’s session.
• Nifty: 26,310.45
• Sensex: 86,054.26
• Bank Nifty: 59,866.60
Top Nifty 50 Gainers:
M&M (+2.17%)
SUNPHARMA (+1.20%)
ADANIENT (+1.20%)
KOTAKBANK (+0.71%)
EICHERMOT (+0.66%)
Top Nifty 50 Losers:
SBILIFE (-1.72%)
HDFCLIFE (-1.36%)
SHRIRAMFIN (-1.35%)
POWERGRID (-1.35%)
BHARTIARTL (-0.74%)
Stocks scaling fresh 52-week high:
ABCAPITAL (CMP 357.60) 52-week high at ₹360.10
ADANIPORTS (CMP 1516.50) 52-week high at ₹ 1534.30
CUMMINS (CMP 4470) 52-week high at ₹ 4518.60
LTF (CMP 311.20) 52-week high at ₹ 315.35
M&MFIN (CMP 371.95) 52-week high at ₹ 372.95
(NSE INDIA)
Sector Snapshot:
Media, Pharma & Auto space outperformed, while Oil & Gas, Financial Services were underperformers.
🚀 Top Sectors Gainers
NIFTY AUTO (+0.62%)
NIFTY PHARMA (+0.59%)
NIFTY MEDIA (+0.55%)
📉 Top Sectors Losers
NIFTY OIL & GAS (-0.69%)
NIFTY FINANCIAL SERVICES (-0.37%)
NIFTY REALTY (-0.19%)
NIFTY PCR (02nd DEC) 1.12
NIFTY PCR (30th DEC) 1.21
USD/INR Futures (NOV) (+0.08%, 89.55)
(Source NSEINDIA)
Today’s stock in focus: 63 Moons Technologies zoomed 19% to ₹930.90 on the BSE in Friday’s intra-day trade after the company informed that the Hon’ble National Company Law Tribunal, Mumbai (NCLT) approved the One-Time Settlement Scheme between National Spot Exchange Limited (NSEL) and traders today (Business Standard).
Despite today’s consolidation, the Positive Catalysts still remain in the background that might fuel more upside for benchmarks at Dalal Street.
1) Hopes of A December rate cut by the Fed.
2) Sliding, India’s retail inflation
3) Hopes of a rate cut by RBI.
(CNBC TV18)
4) Crude Oil Prices in a Freefall: Oil fell to $59/barrel, after reports of a revised Ukraine-Russia peace deal. (tradingeconomics)
5) Moody’s Ratings today said with a 7% GDP expansion in 2025 and 6.4% in the next year, India will lead growth among emerging markets and across the Asia Pacific region.
6) The Good News: India VIX witnessed its steepest weekly decline in six months — sliding from 13.64 on November 21 to around 11.1 — Well, despite Nifty scaling new record highs, the volatility expectations have ease sharply.
7) Russian President Vladimir Putin will visit India on December 4–5 for the 23rd Annual Summit, aiming to deepen the nations’ “Special and Privileged Strategic Partnership” and discuss key global and regional priorities. (Source Businessstandard)
Stocks scaling fresh 52-week high:
1) Eureka Forbes, a key player in the Electronics & Appliances sector, reached a new 52-week high of Rs.660.8 today, reflecting sustained momentum and notable gains over recent sessions.
2) Tamilnadu Steel Tubes has reached a significant milestone by touching a new 52-week high of Rs.36.09, marking a notable phase of momentum in the iron and steel products sector. This achievement reflects a sustained upward trend supported by consistent gains over the past week.(Business Standard)
OUR VIEW FOR MONDAY’S TRADE
Its the start of a fresh month and also the final one in calendar year 2025. The street will react to Auto Sales data and GDP Collection figures releasing during the weekend. But before that, all eyes will be on today’s GDP figures releasing at 4 pm IST
Technically speaking, Nifty’ new all-time high at 26310 itself has become a key hurdle, especially after the profit-booking that followed.
ALL ABOUT NIFTY:
Nifty (CMP: 26203)
Support: 25850/25700
Resistance: 26351/26500
Range: 25870-26333
21 DMA: 25886
50 DMA: 25554
200 DMA: 24578
Trend: Positive
BULLISH LOOKING STOCKS:
ADANIENT
NYKAA
PGEL
BULLISH LOOKING STOCKS (LONG TERM):
MAX FINANCIAL
TECHM
M&M
BEARISH LOOKING STOCKS:
ADANIENT
KAYNES
BHARTIARTL
STOCKS TO AVOID:
OIL
MAZDOCK
SRF
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