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Informist, Wednesday, Dec. 3, 2025

 

By Gopika Balasubramanium

 

MUMBAI – Benchmark equity indices closed lower on Wednesday as the Indian currency hit a record low. The overall market breadth was weak, with 64% of the 3,213 stocks traded on the National Stock Exchange closing lower, data on the NSE website showed. The Nifty 50 broke its support levels and closed at a one-week low. Investors were bullish on information technology stocks in a weak market. A few large-cap pharmaceutical stocks also closed with gains. 

 

The Nifty 50 closed at 25986 points, down 46.20 points or 0.2%. The 50-stock index fell to a low of 25891 points, breaking the support of 26100 points. Technical analysts had said that it was important for the 50-stock index to hold 26000-26100 points in order to see a further upside. The fall in the index was despite index heavyweights HDFC Bank and ICICI Bank closing with gains, indicating that the sell-off was broad-based and there was selective buying. Only 13 Nifty 50 constituents closed higher.

 

All the broader market indices fell and the decline was sharper than their benchmark peers. Small-cap indices fared better than mid-cap indices. The BSE Sensex closed at 85106.81 points, down 31.46 points

 

The Indian currency plummeted to a record low of 90.29 a dollar in early trade, weighing on the investor sentiment. This is the third day in the row that the rupee has ended at a record closing low. The fall in rupee ws mainly on banks persistently buying dollars for importers and foreign institutional investors, said dealers in foreign exchange market. Analysts had said that the rupee would bottom out at 90 and would start appreciating post that. These views indicate that there were expectations among market participants on such fall in the currency.  

 

While, a majority of the stocks traded in the indices closed with losses, information technology stocks bucked the trend. Investors bought shares of information technology companies as a weak rupee favours the sector's fortune. The domestic IT companies earn a bulk of their revenue from the US clients and a depreciation in rupee boosts their profitability. The rise in shares was also as there was a rally in technology stocks across global markets on increased chances of US Federal Reserve trimming interest rates in the meeting next week. Some analysts also said the domestic IT companies are at fair valuations after the recent corrections. The Nifty IT index rose to a near four-month high of 38007.30 intraday and closed 0.8% higher at 37825.25 points. Wipro, Tata Consultancy Services, and Infosys closed 1-2% higher. 

 

Some pharmaceutical companies benefited from the falling rupee and the Nifty Pharma closed with mild gains. Biocon closed nearly 3% higher and was the top gainer among the Nifty Pharma constituents. Of the 20 constituents, 12 closed lower. Among the few gainers was Dr. Reddy's Laboratories, whose shares gained after the Delhi High Court ruled that the company and OneSource Pharma could manufacture and export their own versions of diabetes and obesity drug semaglutide to countries where Novo Nordisk has not been granted a patent.

 

Investors sold shares of state-owned banks after the government said it has not proposed raising the foreign direct investment limit in public sector banks to 49% from the current 20%. There were expectation that the government was considering to hike the FDI limit in government-owned banks. The Nifty PSU Bank closed at 8253.20 points, down 261.70 points or 3.1%. It was the worst-performing sectoral index, with all the 11 constituents closing in the red. Shares of Indian Bank, Punjab National Bank, Canara Bank, and Punjab & Sindh Bank closed 4-5% lower. 

 

* Of the Nifty 50 stocks, 13 rose and 37 fell
* Of the Sensex stocks, 10 rose and 22 fell

* On the NSE, 1,052 stocks rose, 2,074 fell, and 87 were unchanged

* On the BSE, 1,396 stocks rose, 2,767 fell, and 153 were unchanged

* Nifty PSU Bank: down 3.1%; Nifty Consumer Durables: down 1.6%; Nifty IT: up 0.8%

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BSE                                              NSE

Sensex: 85106.81, down 31.46 points or 0.1%      Nifty 50: 25986, down 46.20 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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Edited by Avishek Dutta and Akul Nishant Akhoury

 

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