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Informist, Monday, Dec. 1, 2025

 

By Gopika Balasubramanium

 

MUMBAI – After touching record highs in early trading, benchmark equity indices ended lower as the rupee's decline to a record low weighed on the indices. A fall in shares of financial services and banks also contributed to the decline. However, investors bought shares of automobile companies throughout the session, driving Nifty Auto to a record high.

 

The Nifty 50 closed at 26175.75 points, down 27.20 points or 0.1%. The 50-stock index rose to a record high of 26325.80 points at open. A decline in heavyweight HDFC Bank also contributed to the index's decline. The BSE Sensex closed at 85641.90 points, down 64.77 points or 0.1%. During the day, the 30-stock index touched a record high of 86159.02 points.

 

"Yes, the rupee was the primary culprit," Bhavya Shah, technical research analyst at StoxBox, said. "Investors used the record highs to sell on news, liquidating positions to hedge against the currency risk," Shah said.

 

Analysts said the rupee's decline was the primary reason for the market's decline. While the surprisingly strong GDP growth in Jul-Sept cheered the market in early trade, the initial enthusiasm waned after the currency hit a fresh record low two hours into trade. The rupee ended at a record closing low of 89.5475 a dollar. The rupee fell as banks consistently bought dollars on behalf of importers and foreign portfolio investors, triggering stop-losses on short-dollar bets, currency dealers said. 

 

The currency's move towards 90 against the greenback can create short-term jitters, Nikunj Saraf, chief executive officer at Choice Wealth, said. If depreciation continues, importers would feel the squeeze, inflation could rise, and foreign portfolio investors may become cautious, Saraf said. "But this doesn't necessarily end the market uptrend," he said, adding that the RBI usually steps in to smooth volatility in the currency market, and as long as domestic demand and corporate earnings remain strong, the market tends to digest weakness in currency. "You may see pauses or mild corrections, not a structural breakdown," he added.

 

Shares of most automobile makers gained, with the Nifty Auto touching a record high of 28075.65 points during the session. Among the index constituents, TVS Motor Co. topped the list, rising 3.7%. Earlier in the day, the company said its total wholesale sales for November jumped 30% on year, and exports increased 58%. Both its two-wheeler and three-wheeler segments registered strong growth in November. However, shares of Sona BLW Precision Forgings, Mahindra & Mahindra, and Bharat Forge ended 0.1-0.6% lower.

 

Tata Motors Passenger Vehicles and Hero MotoCorp ended 2% higher each. The Tata Group-owned company, which houses passenger vehicle operations, registered a 26% growth in November to 59,199 vehicles. Hero MotoCorp is yet to release its monthly numbers. Ashok Leyland ended 1.4% higher after its total vehicle sales for November increased 29% year. The stock rose to a two-month high of INR 161.40 during the session.

 

Meanwhile, volatility in real estate companies is likely to persist in the near term, and they are likely to trade in a range, Nuvama Institutional Equities said in a research report. The registration of housing units in Mumbai rose robustly in November, but affordability has become a key issue to resolve in the near term. The Nifty Realty closed 1% lower at 893.90 points, making it the worst-performing sectoral index. Shares of Oberoi Realty, Lodha Developers, and DLF closed nearly 2% lower, while those of Prestige Estates Projects and Godrej Properties ended 1% lower.

 

Among individual stocks, Wockhardt closed 19% higher at INR 1,472.20. The pharmaceutical company's shares rose to a one-month high of INR 1,482 after the US Food and Drug Administration formally accepted a new drug application for Wockhardt's novel antibiotic drug Zaynich. This is the first time that a new drug application for a new chemical entity from an Indian pharmaceutical company has been filed and accepted by the US drug regulator. 

 

* Of the Nifty 50 stocks, 20 rose and 30 fell
* Of the Sensex stocks, 14 rose and 16 fell

* On the NSE, 1,384 stocks rose, 1,728 fell, and 110 were unchanged

* On the BSE, 1,768 stocks rose, 2,484 fell, and 205 were unchanged

* Nifty Realty: down 1%; Nifty Healthcare: down 1%; Nifty Auto: up 0.8%

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BSE                                              NSE

Sensex: 85641.90, down 64.77 points or 0.1%      Nifty 50: 26175.75, down 27.20 points or 0.1%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26325.80 (Dec. 1, 2025)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

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End

 

Edited by Saji George Titus

 

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