It was a banner day for Nifty, Sensex and Bank Nifty.
A new record high for benchmark Nifty — officially ended a 14-month consolidation and most importantly, potentially triggering the next leg of Nifty’s rally.
Benchmark Indices
NIFTY (+10, 26216)
SENSEX (+111, 85720)
BANK NIFTY (+209, 59737)
The Intraday Rally Faded After Record Highs — Profit-Booking Takes Charge.
Well, Nifty’s intraday surge cooled off as traders booked profits at higher levels, halting the momentum after fresh lifetime peaks earlier in the session.
The benchmark indices surrendered early gains and drifted into mild negative territory during the afternoon session. However, Nifty managed to claw back and finish just above the dotted line, signalling a cautious but resilient market tone.
New Records Touched Earlier:
• Nifty: 26,306.95
• Sensex: 86,026.18
• Bank Nifty: 59,804.65
Top Nifty 50 Gainers:
BAJFINANCE (+2.43%)
ICICIBANK (+1.37%)
SHRIRAMFIN (+1.33%)
HUL (+1.23%)
BAJAJFINSV (+0.95%)
Top Nifty 50 Losers:
ADANIENT (-2.85%)
EICHERMOT (-2.70%)
ETERNAL (-1.52%)
MARUTI (-1.51%)
ONGC (-1.51%)
Stocks scaling fresh 52-week high:
ASHOKLEY (CMP 158.80) 52-week high at ₹162
AXISBANK (CMP 1286) 52-week high at ₹ 1304
BHEL (CMP 290.50) 52-week high at ₹ 295.25
HEROMOTOCORP (CMP 6165) 52-week high at ₹ 6200
MCX (CMP 10431) 52-week high at ₹10471.50
(NSE INDIA)
Sector Snapshot:
Media, Bank Nifty and IT outperformed, while Realty, Oil & Gas and Consumer Durables witnessed selling pressure.
🚀 Top Sectors Gainers
NIFTY MEDIA (+0.84%)
NIFTY FINANCIAL SERVICES (+0.46%)
NIFTY PVT BANKS (+0.34%)
📉 Top Sectors Losers
NIFTY MEDIA (+0.84%)
NIFTY FINANCIAL SERVICES (+0.46%)
NIFTY PVT BANKS (+0.34%)
NIFTY PCR (02nd DEC) 1.15
NIFTY PCR (30th DEC) 1.23
USD/INR Futures (NOV) (+0.04%, 89.45)
(Source NSEINDIA)
🚗 Auto Stocks Fire Up — Nifty Auto Index too Hits Record High!
Auto stocks continued their winning streak as the Nifty Auto index scaled a new all-time high of 27,832.60, driven by expectations of strong November wholesale figures. The index surpassed its previous peak of 27,725.25 (Sept 23, 2025).
🔥 Top Movers:
• Escorts (+4.49%, ₹3852) and Ashok Leyland (+6.67%, ₹158.88) surged fueled by optimism in the commercial vehicle (CV) segment. (Source: economictimes)
📈 Sector Outperformance:
• Nifty Auto is up 3% in November, outshining the Nifty 50 (+1.9%).
• Over the last four months, the auto index has jumped 17%, compared with a 6% rise in the broader benchmark.
The Positive Catalysts:
1) Fed rate cut hopes rise: Well, lower U.S. interest rates typically boost the appeal of emerging markets like India, making them more attractive destinations for foreign capital. (Moneycontrol)
2) The Nifty Bank index scaled fresh record high @59866.60, and most importantly, races towards psychological 60,000 mark amidst:
A) Sliding, India’s retail inflation
B) Hopes of a rate cut by RBI.
(CNBC TV18)
4) Crude Oil Prices in a Freefall: Oil fell to $58.20/barrel, a five-week low, after reports of a revised Ukraine-Russia peace deal. (tradingeconomics)
Stocks scaling fresh 52-week high:
1) Ashok Leyland Hits Fresh 52-Week High!
Ashok Leyland surged 6.5% to ₹158.60, marking a new 52-week high after announcing a strategic merger between its material subsidiary Hinduja Leyland Finance (HLFL) and NDL Ventures (formerly NXTDIGITAL).
The deal — set for April 2026, subject to approvals — includes a 25:10 share exchange ratio and forms part of a broader corporate restructuring strategy.
2) Mahindra Finance Hits Fresh 52-Week High after management’s recent statement that indicated that the second half of the financial year 2025-26 (H2FY26F) will witness a sustainable revival in demand and asset quality.
(NSE INDIA)
OUR VIEW FOR FRIDAY’S TRADE
Technically speaking, Nifty’ new all-time high at 26310 itself has become a key hurdle, especially after the profit-booking that followed.
All eyes on India’s Friday’s GDP Growth Estimates for quarter ended September 30th, 2025
ALL ABOUT NIFTY:
Nifty (CMP: 26216)
Support: 25850/25700
Resistance: 26351/26500
Range: 25870-26333
21 DMA: 25879
50 DMA: 25534
200 DMA: 24566
Trend: Positive
BULLISH LOOKING STOCKS:
ASHOKLEY
CUMMINS
L&T
BULLISH LOOKING STOCKS (LONG TERM):
MAX FINANCIAL
TECHM
GRSE
BEARISH LOOKING STOCKS:
ADANIENT
EICHER
TIINDIA
STOCKS TO AVOID:
OIL
MAZDOCK
SRF
Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.