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The BSE Sensex gains 158.51 points to close at 85,265.32, while the NSE Nifty inches up 47.75 points to rise above the key support level of 26,000 to end the day at 26,033.75.
Stock Market Live Updates
After four consecutive days of decline, the domestic equity market managed to end the day in green on Thursday amid volatile trade on the Sensex weekly expiry day. The BSE Sensex gained 158.51 points to close at 85,265.32, while the NSE Nifty inched up 47.75 points to rise above the key support level of 26,000 to end the day at 26,033.75.
In the opening trade, the Sensex had dropped 156.83 points to 84,949.98, while the Nifty fell 47 points to 25,938.95. Both indices later recovered, with the Sensex up 369.80 points at 85,476.62 and the Nifty up 110.25 points at 26,096.25. Finally, the Sensex eventually settled 158.51 points, or 0.19 per cent lower, at 85,265.32, and the Nifty closed at 26,033.75, down 47.75 points or 0.18 per cent.
IT stocks were the top gainers today. Tata Consultancy Services and Tech Mahindra led the gainers, rising up to 2 per cent. On the other hand, InterGlobe Aviation, Dr. Reddy’s Laboratories and Kotak Mahindra Bank were among the major losers on the Nifty50, slipping up to 2 per cent.
Market breadth remained weak, with 1,765 stocks advancing, 1,848 declining and 151 unchanged.
Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth tech firm, said, “Equity markets traded in a narrow range today as sentiment remained subdued amid persistent weakness in the Indian rupee. With the RBI’s monetary policy decision due on Friday, investors largely opted to stay on the sidelines, leading to a lacklustre trading session and limited directional movement across the indices. The rupee slipped further on Thursday, marking a fresh lifetime low. The renewed weakness is complicating the RBI’s rate-cut narrative by heightening imported inflation risks and reducing the central bank’s room for intervention ahead of the policy outcome.”
Vinod Nair, head of research, Geojit Investments Limited, said, “Domestic markets closed flat amid mixed global cues and caution ahead of the RBI policy. Early value-driven gains were restrained by a record-low rupee and persistent FII outflows. However, lowered expectations of an RBI rate cut supported a mild currency rebound, helping indices stabilise towards the close. IT stocks outperformed, buoyed by renewed optimism around potential Fed rate cuts and favourable currency tailwinds, which strengthened investor appetite for the sector.”
Technical View
Rupak De, senior technical analyst at LKP Securities, said, “The index mostly remained below the 21 EMA on the hourly chart, reflecting sustained selling pressure during the session. On Friday, the market may remain choppy within a narrow range until the lending rate announcement and could turn volatile once it is released. Technically, the 26,100–26,150 zone is expected to act as crucial resistance, while support is placed at 25,900–25,950. A fall below 26,000 may trigger a quick correction towards 25,950–25,900, as the chart setup appears weak on the hourly timeframe.”
Ponmudi R said that from a technical perspective, the Nifty 50 closed above the 26,000 psychological mark with a mild positive undertone, reinforcing the market’s underlying resilience despite intraday volatility. The index witnessed early weakness and once again took strong support near the last two sessions’ low around 25,900, clearly establishing this zone as a critical demand base. A steady recovery in the second half helped Nifty close marginally higher, keeping the broader structure intact. The 26,100–26,300 zone continues to act as a stiff overhead resistance belt, with consistent selling pressure emerging on every rise. As long as Nifty remains below this band, the market is likely to stay in a consolidation phase with a positive bias.
“On the downside, 25,900 remains the key short-term support, and only a decisive breakdown below this level could tilt the bias toward a short-term corrective phase. Price action hints at a continuation setup if volumes expand, while the medium-term trend remains bullish. However, near-term momentum indicators clearly suggest controlled, range-bound activity. Overall, tomorrow’s trade setup is likely to remain range-driven with a policy-triggered directional bias. Volatility is expected to stay elevated, favouring tactical trading opportunities rather than aggressive positional bets,” he added.
Click here to add News18 as your preferred news source on Google. December 04, 2025, 09:19 IST
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