Indian equity markets maintained their upward momentum for the fourth consecutive session on December 4, driven by gains in banking and realty stocks. Both the NSE Nifty 50 and BSE Sensex closed the day with marginal gains, extending their recent winning streaks.
At the close of trade, the Sensex advanced 110.58 points, or 0.14%, to settle at 80,956.33, while the Nifty 50 rose by 10.30 points, or 0.04%, to end at 24,467.45. Broader market sentiment reflected optimism, with 2,307 stocks advancing, 1,507 declining, and 95 remaining unchanged.
Market Movers
Top gainers on the Nifty 50:
- HDFC Life
- HDFC Bank
- Apollo Hospitals
- NTPC
- Bajaj Finserv
Top losers on the Nifty 50:
- Bharti Airtel
- Cipla
- Bajaj Auto
- Tata Motors
- Adani Ports
Sectorally, realty and PSU banks led the charge with gains exceeding 2%, while IT and media sectors rose 0.5% each. Auto and FMCG sectors, however, dipped by 0.7%.
Broader Indices Performance
The BSE Midcap index gained nearly 1%, while the Smallcap index advanced 0.6%, signaling renewed investor interest beyond the large-cap space. The Nifty Midcap 100 climbed 1.05%, and the Smallcap 100 rose 0.89%.
Noteworthy Stock Movements
Swiggy: The food delivery company’s shares surged over 6% in early trade, hitting a high of Rs 534.85 following a strong Q2FY25 earnings report. Revenue grew by 30% YoY, reaching Rs 3,601.45 crore, while losses narrowed to Rs 625.5 crore. Shares were trading at Rs 515.00, up 2.73% by mid-day.
Wonderla Holidays: Shares of the amusement park operator soared 14.5% intraday to Rs 947.95 after announcing a Qualified Institutional Placement (QIP). By mid-session, the stock was up 8.63% at Rs 899.30.
Alembic Pharmaceuticals: The stock rose 2.15% to Rs 1,123 on the NSE after receiving tentative USFDA approval for its Olopatadine Hydrochloride Ophthalmic Solution (OTC).
Currency and Commodities
The Indian rupee saw a volatile session, opening higher but closing at a record low of 84.74 against the US dollar, pressured by strong dollar demand and rising crude oil prices.
In commodities, spot gold slipped 0.1% to $2,641.79 an ounce, weighed down by a strengthening dollar. Other precious metals, including silver, platinum, and palladium, also recorded slight declines.
Key Developments
- RBI Policy Meeting: The Reserve Bank of India’s Monetary Policy Committee (MPC) began its three-day meeting to decide on interest rates. The decision will be announced on Friday, December 6. The last meeting in October saw the repo rate remain unchanged at 6.5%, with a shift to a neutral policy stance.
- Samco Mutual Fund NFO: Samco launched its Multi Asset Allocation Fund, open for subscription from December 4 to December 18, offering dynamic exposure to equities, debt, commodities, and REITs.
The markets remained buoyant amid cautious global cues and sectoral tailwinds, reflecting robust investor confidence heading into the year-end period.
Disclaimer – This article is intended solely for informational purposes and does not constitute financial advice, investment recommendations, or an endorsement of any securities or market strategies. The data, analysis, and opinions provided here are based on publicly available information and are subject to change without prior notice. Readers are encouraged to conduct their own research or consult with a certified financial advisor before making any investment decisions.
