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Informist, Thursday, Dec. 4, 2025

 

By Simran Rede

 

MUMBAI – Despite moving in a thin range through the day, the benchmark Nifty 50 managed to close above the psychologically important mark of 26000 points Thursday. Investors were cautious ahead of the outcome of the Reserve Bank of India's monetary policy Friday, analysts said.

 

After the strong GDP growth for the September quarter and low inflation print of 0.25% in October, the case for the RBI to cut its policy rate has dimmed, according to analysts. While some market participants expect the Monetary Policy Committee of the central bank to reduce the repo rate by 25 basis points to 5.25%, others expect the rate-setting panel to keep it unchanged at 5.50%. Analysts expect the outcome of the Monetary Policy Committee to give direction to the market.

 

The benchmark indices snapped a four-session falling streak and closed 0.2% higher after a slightly choppy session. The Nifty 50 settled at 26033.75 points, up 47.75 points or 0.2%. The BSE Sensex closed at 85265.32 points, up 158.51 points or 0.2%. The market outlook remains bullish as the Nifty 50 is just 1% away from its all-time high of 26325.80 points touched on Monday. The Sensex is also 1% shy of its record high of 86159.02 points. 

 

The market also took comfort from the rise of the rupee against the dollar. The Indian currency Thursday appreciated for the first time after falling for six consecutive sessions. The rupee had ended at a record closing level of 90.19 a dollar on Wednesday. However, the fall of the rupee has supported technology stocks as information technology companies earn a major chunk of their revenue from US clients and a weaker rupee is seen boosting their earnings and profitability, analysts said. The Nifty IT index Thursday closed 1.4% higher and was the top gainer among the sectoral indices. All constituents of the Nifty IT closed in the green, rising 0.9-2.8%.

 

"Early value-driven gains were restrained by a record-low rupee and persistent FII (foreign institutional investors) outflows. However, lowered expectations of an RBI rate cut supported a mild currency rebound, helping indices stabilise towards the close," said Vinod Nair, head of research at Geojit Investments. Barring Nifty Midcap 50, all the broader market indices closed in the negative territory. The India VIX, also known as the fear gauge of the market, fell 3.5% to 10.8175. 

 

Tata Consultancy Services closed 1.6% higher and was the top Nifty 50 gainer. Earlier in the day, the stock rose to a three-month high of INR 3,250. The stock rose on media reports that the company is in advanced talks with OpenAI to build artificial intelligence compute infrastructure in India and co-develop agentic AI solutions for enterprises. OpenAI is negotiating an agreement with TCS to lease at least 500 megawatts of data centre capacity from the Indian company's new data centre arm HyperVault to train and run its AI models locally, according to a report by The Economics Times.

 

Tata Consumer Products ended 0.7% higher after global brokerage Citi maintained a 'buy' rating on stock with a target price of INR 1,350, implying a nearly 18% upside. The company's consolidated earnings before interest, tax, depreciation, and amortisation margin is expected to expand in the March quarter, driven by the international business, according to the brokerage.

 

Shares of JSW Steel rose 0.6?ter the company signed a strategic joint venture partnership with Japan's JFE Steel Corp. for the steel business of its subsidiary Bhushan Power and Steel. As part of the agreement, the steel business of Bhushan Power and Steel will be transferred to a 50:50 joint venture with JFE Steel Corp. by way of a slump sale for a cash consideration of INR 244.8 billion. Brokerages remain broadly positive on this partnership as the deal is expected to be value accretive for JSW Steel as the stake is being sold at a higher value and as it infuses cash in the business, Nuvama Institutional Equities said.

 

Hero MotoCorp ended 2.1% higher, slightly off its record high, after a positive growth outlook by Nirmal Bang Equities for the medium term on improvement in the company's product mix, global expansion, and scale-up of the electric vehicle segment. Moreover, lower inventories, stable financing, and improved affordability due to the recent cut in goods and services tax are likely to sustain demand for the two-wheeler maker throughout the second half of the financial year, the brokerage said.

 

Petronet LNG gained 4.5% and Oil and Natural Gas Corp. rose nearly 1?ter the former signed a 15-year binding term sheet with the latter for ethane unloading, storage, and handling services. The deal could earn Petronet LNG revenue of up to INR 50 billion over the 15-year period.

 

InterGlobe Aviation closed 2.8% lower and was the worst-hit Nifty 50 constituent. The stock fell on reports that the company was summoned by the Directorate General of Civil Aviation over recent flight delays and to state its plans to reduce flight cancellations. IndiGo has cancelled hundreds of flights over the past few days and delayed hundreds more as a mounting pilot shortage disrupted its operations following enforcement of the new flight duty time limitation rules. 

 

Vedanta fell 0.6% likely due to profit booking after the stock rose to a record high during the session. The stock rose after the Kolkata bench of the National Company Law Tribunal approved the company's INR 5.45-billion resolution plan for debt-ridden Incab Industries on Wednesday. The fair value and liquidation value of the financially distressed iron and steel manufacturer were INR 5.12 billion and INR 4.29 billion, respectively.

 

Ola Electric Mobility ended at an all-time closing low of INR 36.12, down more than 5%. The stock closed lower for the fifth straight session and was among the top losers in the Nifty 500.

 

* Of the Nifty 50 stocks, 35 rose and 14 fell, 1 was unchanged
* Of the Sensex stocks, 18 rose and 12 fell

* On the NSE, 1,381 stocks rose, 1,746 fell, and 87 were unchanged

* On the BSE, 1,807 stocks rose, 2,314 fell, and 181 were unchanged

* Nifty IT: up 1.4%; Nifty India Defence: up 0.6%; Nifty Media: down 1.5%

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BSE                                              NSE

Sensex: 85265.32, up 158.51 points or 0.2%       Nifty 50: 26033.75, up 47.75 points or 0.2%

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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

 

US$1 = INR 89.97

 

Edited by Ashish Shirke

 

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