Indian Markets Post-Market Report – Tuesday, 2 December 2025 – For Nifty 50, Sensex, Bank Nifty, sectors, IPOs, FII–DII, commodities & a stock-of-the-day pick.

🏁 Market Wrap with Index “Logos”

Indian Markets Post-Market Report -Nifty 50 Closed at 26,032.20, down 143.55 points (-0.54%).

Sensex Closed at 85,138.27, down 503.63 points (-0.58%).

Bank Nifty Closed at 59,273.80, weaker 407.55points (-0.68%) but holding above the 59,000 mark.

The tone of the day was profit-booking at the top, triggered by a record-weak rupee, caution ahead of the RBI policy meet, and pressure in private banks and financials. Broader markets were also soft: Nifty Midcap 100 -0.22%, Nifty Smallcap 100 -0.55%.

📊 Key Index Levels – with Support & Resistance

🔵Nifty 50 – 26,032.20

Close: 26,032.20 Intraday range: roughly 26,088 (open) to 26,154 (high), before slipping back to the close.

Immediate resistance: 26,100–26,150 (Liquide pins resistance at 26,100; OI & intraday high cluster there).

Immediate support: 25,980, with a broader short-term band around 25,900–25,800 as per technical commentary.

Read: Nifty has formed a small bearish candle with wicks on both sides – classic sign of indecision after a strong run. As long as 26,000 holds on closing basis, bulls still have control, but today clearly belonged to profit-takers.

🔴 Sensex – 85,138.27

Close: 85,138.27 (-503.63 pts, -0.59%).

Short-term resistance: ~85,800–86,000 (yesterday’s record zone and supply area).

Immediate support (technical): ~84,900–85,000, followed by 84,300–84,000 if selling deepens. (This band comes from recent swing lows and typical 400–800-point retracement from the peak; traders will watch these zones closely.)

🏦 Bank Nifty – 59,274

Close: 59,274 Pattern: small bearish candle with long upper shadow – sellers emerged on every bounce.

Immediate resistance: 59,500

Immediate support: 59,100 (below that, 58,800–58,600 becomes the next demand pocket).

Today’s message from the indices: soft correction, not panic, but the market clearly wants fresh triggers – RBI policy and India–US trade headlines will be that trigger.

🧩 Sector Performance – Who Led, Who Lagged?

Think of this as the Nifty sector “heat map”:

Only in green: Nifty Pharma / Healthcare – marginally positive (~+0.1%), bucking the trend on defensiveness and some stock-specific moves.

Key laggards (all with sector logos in your graphic): Nifty Financial Services: -0.9% Nifty Private Bank: -0.69% Nifty Chemical: -0.75% Consumer Durables: about -0.44% Oil & Gas: about -0.42% Media: about -0.40% Metal: about -0.36%

The message from sectors is clear:

Rate-sensitive and currency-sensitive pockets (private banks, financials, import-heavy names) took the hit. Defensives (pharma, healthcare) were safe havens for the day.

🔝 Top 5 Nifty Gainers & 🔻 Top 5 Losers

🔝 Top Gainers (Nifty 50) – 2 Dec 2025

From NSE’s Nifty 50 list and multiple closing wrap reports:

1.Asian Paints – +3.03%

2.Dr Reddy’s Laboratories – +1.20%

3.Maruti Suzuki – +0.88%

4.Bharti Airtel – +0.68%

5.SBI Life Insurance –+0.50%

Notably, Asian Paints hit a fresh 52-week high after positive commentary and upgrades from global brokerages, helped by strong volume growth and margin commentary in recent results.

🔻 Top Losers (Nifty 50)

1.InterGlobe Aviation (IndiGo) – -1.6%

2.ICICI Bank – -1.23%

3.Reliance Industries – -1.26%

4.HDFC Bank – -1.22%

5 Axis Bank – -1.39%

Banks and large financials clearly dragged both Nifty and Sensex lower.

📉 Volatility & Market Breadth – India VIX & Advance–Decline

India VIX: closed around 11.23, down about 3.43%, signalling low fear despite the correction.

This combination (weak breadth + low VIX) often indicates orderly profit-taking rather than panic.

🌐 Major Events Driving the Market Today

💱 Rupee at Record Weak Levels (INR–USD )

The rupee hit around ₹90 per US dollar, marking an all-time low, before stabilising just below that level. Key drivers mentioned across reports: Ongoing India–US trade uncertainties. Persistent foreign portfolio outflows in recent sessions. Global risk-off, higher US yields, and softer EM currencies.

Currency weakness weighed on sectors dependent on imports (aviation, select industrials) and kept foreign investors cautious.

🏦 RBI Policy Watch

Market commentary repeatedly highlights the RBI’s December policy meeting (starting tomorrow) and the possibility of a 25 bps rate cut, which could act as a fresh trigger for banks and rate-sensitives.

📈 IPO Desk – Mainboard & SME Buzz

The primary market remains very active and is now a meaningful sentiment pillar by itself:

Big December IPO lineup (mainboard): Meesho – ₹5,421 cr issue; opens Dec 3–5, listing on Dec 10 Aequs – ~₹922 cr; Dec 3–5, listing Dec 12

Vidya Wires – ₹300 cr; Dec 3–5, listing Dec 10

Wakefit Innovations – ₹1,289 cr; Dec 8–10, listing Dec 15 SME space: SSMD

Agrotech India listed on Dec 2 on the SME platform after a ₹114–120 price band issue.

Several more SME names line up through the first half of December, keeping listing-gain traders busy.

Overall, IPO appetite remains strong, even as secondary markets cool off slightly – a sign that risk appetite is definitely not dead.

👥 FII & DII Flow – Latest Available Numbers

FII cash: Net Sell: ₹3,642.30 crore

DII cash: Net Buy: ₹4,645.94crore

Pattern in recent days:

FIIs are lightening positions on pops, DIIs are absorbing supply and providing a floor on corrections.

Today’s weakness plus a record-low rupee suggests FII outflows probably continued.

🪙 Commodities & 🪙 Currency – Gold, Silver, Crude & FX

🥇 Gold

Gold around ₹1,27,452 per 10g, just shy of the all-time high near ₹1.32 lakh before Diwali.

Narrative: Gold remains in a strong uptrend on the back of rate-cut expectations, geopolitical risk and a weaker dollar.

🥈 Silver

Silver futures recently hit a record high near ₹1,75,499/kg, and remain close to that zone. YTD, silver has outperformed gold, delivering ~85–90% returns, thanks to both investment demand and industrial usage.

🛢 Crude Oil

WTI crude: around $59.12/bbl.

Brent crude: near $63/bbl.

Oil is steady to slightly firm, with traders watching Black Sea supply disruptions and US–Venezuela headlines. For India, this level is not extreme, but combined with rupee weakness it does pinch imported inflation a bit.

💱 Currency – INR vs USD

The rupee traded around ₹90 per US dollar, making fresh record lows and turning into today’s biggest macro worry.

🔍 Stock of the Day – Asian Paints 🎨

Given today’s tape, Asian Paints easily takes “Stock of the Day” honours:

Price move: about +3.1–3.2% to around ₹2,958, making it the top Nifty 50 gainer. Backdrop: Recent quarters have seen double-digit volume growth and strong margin prints, which surprised on the upside versus street expectations. A large global brokerage upgraded the stock / raised its target based on that earnings momentum, triggering fresh buying today.

Short-term traders may look at dips towards ₹2,850–2,880 as trading supports, with resistance around the ₹3,000–3,050 psychological zone.

Long-term investors still see it as a core consumption/brand play – but valuations remain rich, so position sizing and staggered buying are important.

🧭 Short-Term vs Long-Term View

Short-Term (next few days to weeks)

Near term is likely to stay event-driven: RBI policy outcome (rate cut vs status quo, tone on inflation & rupee). India–US trade developments that could calm or aggravate FX pressures. Levels to watch: Nifty: 26,100–26,300 on the upside; 26,000 then 25,900–25,800 on the downside. Bank Nifty: 59,500 resistance; 59,100 support.

For the very short term, the setup favours a buy-on-dips bias in quality large caps, but avoid over-leveraging – currency & global risk can still surprise.

Long-Term (12–24 months)

Macro remains constructive: Healthy GDP growth, Strong domestic flows, A deep IPO pipeline signalling corporate confidence. For long-term portfolios, investors typically: Accumulate leaders in banking, IT, autos, consumption, manufacturing in a staggered way. Keep some allocation to gold as a tail-risk hedge given global uncertainties.

Indian Markets Post-Market Report-Dec2,2025