On Tuesday, December 2, Indian equity benchmark indices closed with losses, dragged by profit-taking in financials, as the blue-chip indices declined from record highs for a third straight session.
At the close, the Nifty 50 ended down by 143.55 points or 0.55% at 26,032.20, below 20-DEMA, while the Sensex declined by 503.63 points or 0.59% to close at 85,138.27. Both benchmark indices extended losses for the third consecutive day after hitting record highs in the previous trade. India's volatility index, India VIX, remained steady.
On the sectoral front, the majority of the sectoral indices ended in negative territory, barring Nifty Pharma. The financials index Nifty Financial Services slipped 0.9%, emerging as the biggest drag on the market. Heavyweights HDFC Bank and ICICI Bank fell over 1% each, with sentiment weakening as their weight in the Nifty Bank index is set to be trimmed under NSE’s updated rule that caps the top three lenders at 43%.
Foreign outflow worries and a fresh all-time low for the rupee added further pressure. Investors are now looking ahead to the RBI’s policy announcement and updates on the India–US trade deal after the benchmark indices hit new highs on Monday.
Broader markets mirrored frontline indices, with the Nifty Midcap 100 and Nifty Smallcap 100 ending in negative terrain.
Among individual stocks,
The Nifty Pharma Index was the top gainer on Tuesday, ending higher by 0.08% with 11 out of 20 constituents ending in positive territory. On the flip side, Nifty Financial Services declined by 0.9% and emerged as the top loser, extending losses for the 3rd consecutive session.
The key drivers of the index gains were:
On the other hand, these stocks dragged the index:
The broader market indices ended lower on Tuesday. The Nifty Midcap 100 index ended down 0.22% and the Nifty Smallcap 100 declined by 0.55%.
As of December 2, 2025, market breadth was in favour of declining stocks. Out of 3,202 stocks traded on the NSE, 1,084 advanced, 2,007 declined, and 111 remained unchanged.
A total of 45 stocks touched their 52-week highs, while 180 hit their 52-week lows. Additionally, 75 stocks were locked in their upper circuits, whereas 81 stocks were in lower circuits. Disclaimer: The article is for informational purposes only and not investment advice.
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