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Informist, Tuesday, Dec. 2, 2025

 

By Gopika Balasubramanium

 

MUMBAI – The benchmark equity indices ended lower Tuesday, extending their fall to the third session in a row amid a weak rupee and the expiry of weekly derivatives contracts. Investors sold shares of financial services companies and banks throughout the session. Some analysts said the valuations of large-cap companies are comfortable and the current weakness is temporary.

 

The Nifty 50 ended the day's session 0.6% lower at 26032.20 points. The 50-stock index fell below the 26000 points level to an intraday low of 25997.85 points. Analysts had said a fall in the Nifty 50 below 26100-26000 points would make the short-term sentiment slightly negative. The fall in share prices of heavyweights HDFC Bank, ICICI Bank, and Reliance Industries weighed the index down. The BSE Sensex also closed 0.6% lower at 85138.27 points.

 

Derivative analysts said the indices fell as investors exited profitable positions amid currency risks. They added that volatility was low and the fall was mainly because investors unwound long positions. The India Volatility Index, which measures nervousness among domestic investors, closed 3% lower at 11.2275.

 

The broader market indices also faced selling pressure. All of them ended in negative territory. The mid-cap indices fared better than their small-cap peers. The Nifty Smallcap 100 ended 0.6% lower. This was mainly due to a near 3?cline each in Anant Raj Ltd. and BLS International Services. The index had closed lower the previous two weeks, declining 2% during this period.

 

Among sectoral indices, the Nifty Financial Services declined the most Tuesday. It had hit an all-time high of 28065.50 points Monday. However, the index has declined 1.4% in three sessions, including Tuesday. It was followed by the Nifty Bank and the Nifty Private Bank, which fell 0.7?ch. This was due to a decline of over 1?ch in HDFC Bank, ICICI Bank, and Axis Bank.

 

With the National Stock Exchange releasing its final guidelines to align with the Securities and Exchange Board of India's weight concentration requirements in the indices, analysts expect the weightage of the top three constituents of the Nifty Bank index to be capped at 19%, 14%, and 10%, respectively, CNBC-TV18 reported. The report said Nuvama expects the respective weightages of HDFC Bank and ICICI Bank to come down significantly from current levels and that of State Bank of India to increase. Analysts expect banking and financial services stocks to be under selling pressure till the outcome of the Reserve Bank of India's monetary policy meeting, due Friday. However, the valuations of banks are largely comfortable, analysts said. 

 

While private-sector bank stocks declined, state-owned banks attracted investors. The Nifty PSU Bank was up for the better part of the day, falling only towards the end of the session. Analysts have been bullish on state-owned banks, given their stability and better credit growth. Indian Bank, Bank of India, and Punjab & Sind Bank all closed over 1-3% lower. Union Bank of India and Canara Bank each closed 1% higher.

 

Among individual stocks, Asian Paints closed 3% higher and was the top gainer among Nifty 50 constituents. Global brokerage UBS upgraded its rating on the paints manufacturer's stock to "neutral" with a target price of INR 3,200. This suggests an upside of over 8% from Tuesday's close of INR 2,954.40. On the other hand, InterGlobe Aviation, which closed around 2% lower, was the weakest performer among the Nifty 50 stocks. The company's shares closed lower for the third session running, falling nearly 4% in this period. Earlier in the day, the Kerala tax department had imposed a penalty of INR 1.18 billion on the company.

 

* Of the Nifty 50 stocks, 14 rose and 36 fell
* Of the Sensex stocks, 8 rose and 22 fell

* On the NSE, 1,084 stocks rose, 2,007 fell, and 111 were unchanged

* On the BSE, 1,586 stocks rose, 2,563 fell, and 167 were unchanged

* Nifty Financial Services: down 0.9%; Nifty Private Bank: down 0.7%; Nifty Pharma: up 0.1%

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BSE                                              NSE

Sensex: 85138.27, down 503.63 points or 0.6%     Nifty 50: 26032.20, down 143.55 points or 0.6%

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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 Rajeev Pai

 

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