Sensex, Nifty and Bank Nifty ended lower after touching fresh record highs, as gains evaporated amid profit booking.
Auto stocks remained the standout performers.
Benchmark Indices at 3:30 PM
NIFTY (-27, 26176)
SENSEX (-65, 85642)
BANK NIFTY (-71, 59681)
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 after the afternoon session, signalling a cautious market tone.
What triggered the reversal?
1) Rupee hits a fresh record low: Despite the blockbuster Q2 GDP print, the Indian rupee weakened further—sliding to ₹89.76 per USD.
2) Weak global sentiment: As of writing, Wall Street stock futures and Asian markets struggled for positive bias. The U.S. futures were down up to 1%, hinting at a soft Wall Street opening post the holiday-shortened week.
3) Foreign institutional investors remain on the selling side of the trade, adding pressure to market sentiment despite strong domestic fundamentals.
• FIIs sold ₹3,795.72 crore worth of equities in Friday’s session.
• In the past week, total FII selling stood at ₹6,443 crore.
• For November 2025 alone, FIIs have offloaded close to ₹17,500 crore.
• Year-to-date (YTD), cumulative FII net selling now stands at a substantial ₹1,32,469 crore.
The persistent outflows highlight caution among global investors amid currency volatility, elevated valuations, and shifting expectations around global interest rate trajectories.
4) Strong GDP lowers near-term rate cut expectations: India’s better-than-expected growth print is now leading the street to dial down expectations for an immediate rate cut by the RBI—reducing policy-driven tailwinds in the short term.
Nifty: 26,325.80
Sensex: 86,159.02
Bank Nifty: 60,114.05
(Source: nseindia, bseindia)
Adv-Dec 24—26
INDIA VIX 11.62 (0.00%)
NIFTY PCR (02nd DEC) 0.75
NIFTY PCR (30th DEC) 1.18
USD/INR Futures (DEC) (+0.11%, 89.67)
SECTOR GAINERS:
NIFTY AUTO (+0.79%)
NIFTY METAL (+0.58%)
NIFTY IT (+0.39%)
SECTORS LOSERS
NIFTY REALTY (-1.02%)
NIFTY HEALTHCARE (-0.97%)
NIFTY CONSUMER DURABLES (-0.51%)
TODAY’S MARKET RE-CAP:
1) Nifty (-0.10%) traded volatile after scaling fresh record highs. Overbought conditions blamed.
Nifty is still above its 21 DMA (25900), 50 DMA (25571) and its 100 DMA (25230). Nifty’s 200 DMA at 24591 mark.
2) Bank Nifty (-0.12%) snapped its 3-day losing streak after racing above the 60000 milestone and scaling a new record high.
Bank Nifty’s all-time-high continue to be at 60.114.30 mark.
3) The market breadth (24:26) was evenly balanced.
4) Nifty Mid-cap (+0.00%) and Nifty Small-cap (+0.20%) witnessed an uninspiring session.
5) Consumer Durables Under Pressure: The Nifty Consumer Durables index slipped 0.57% to 37,664, pausing after yesterday’s mild uptick.
Selling was led by Whirlpool (-7.84%), followed by declines in Bata (-2.52%), Amber (-1.55%), Crompton (-0.92%), V-Guard (-0.96%), Titan(-0.50%) indicating broad profit-booking across the space.
(Source : Capital Market)
STOCKS IN SPOTLIGHT:
1) TVS Motor (+3.75%) ends near record high on robust November auto sales performance
The rally was driven by the company’s solid operational update, where total sales surged 30% year-on-year to 519,508 units in November 2025.
2) Shares of Wockhardt (+20%) was locked in upper circuit, fueled by strong buying interest after the company announced that the USFDA has officially accepted its New Drug Application (NDA) for Zaynich, a first-in-class antibiotic.
The approval marks a major milestone for Wockhardt and signals potential future revenue opportunity from the US market — one of the most lucrative geographies for specialty pharma.
3) HDFC Bank slipped 0.47% after the RBI imposed a ₹91 lakh penalty for non-compliance with certain provisions under the Banking Regulation Act. While the penalty is not material financially, the regulatory action triggered mild profit-booking.
(moneycontrol, business standard, capital market)
4) Stocks scaling fresh 52-week high:
ABCAPITAL (CMP 355.85) 52-week high at ₹360.15
ADANIPORTS (CMP 1531.5) 52-week high at ₹ 1549
LENSKART (CMP 429.55) 52-week high at ₹ 448.80
MUTHOOTFIN (CMP 3810) 52-week high at ₹ 3833
M&M (CMP 369) 52-week high at ₹ 387
(NSE INDIA)
BULLS OF THE DAY:
ULTRACEMCO (+3.56%)
TMPV (+1.88%)
MARUTI (+1.42%)
BEL (+1.28%)
EICHERMOT (+1.16%)
BEARS OF THE DAY:
MAXHEALTH (-2.67%)
INDIGO (-2.19%)
BAJFINANCE (-1.71%) SUNPHARMA (-1.23%)
ADANIENT (-0.89%)
OUR VIEW FOR TUESDAY’S TRADE
Technically speaking, Nifty’ new all-time high at 26326 itself has become a key hurdle, especially after the profit-booking that followed.
All eyes on this week’s RBI MPC Outcome on Friday, December 5th.
ALL ABOUT NIFTY:
Nifty (CMP: 26176)
Support: 25850/25700
Resistance: 26326/26500
Range: 26022-26299
21 DMA: 25900
50 DMA: 25570
200 DMA: 24591
Trend: Positive
BULLISH LOOKING STOCKS:
ASHOKLEY
BEL
IEX
BULLISH LOOKING STOCKS (LONG TERM):
CHOLAFIN
BELRISE
M&M
BEARISH LOOKING STOCKS:
BSE
KAYNES
BHARTIARTL
STOCKS TO AVOID:
OIL
MAZDOCK
SRF
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