The Indian stock market opened on Thursday, December 4, 2025, with cautious optimism, as Sensex gains 100 points, Nifty holds 26,000: IT & Realty shine, MidCaps lead markets. Moderate intraday gains were driven by strong performances from blue-chip stocks, including Reliance Industries, HDFC Bank, and leading IT companies. Meanwhile, the Indian Rupee’s fall to a record low against the US dollar added a layer of complexity for traders.
By midday, the BSE Sensex stood at 85,212.81 points, up 106 points (0.12%), while the NSE Nifty50 held steady at 26,023.90, rising 37.9 points (0.15%). The broader market showed resilience, with the NSE Nifty MidCap index climbing 0.30%, outperforming the benchmarks, and the Nifty SmallCap index gaining 0.10%, reflecting selective buying across wider market segments.
Key Index Movers: Sensex and Nifty
As Sensex gains 100 points, Nifty holds 26,000: IT & Realty shine, MidCaps lead markets, several Sensex constituents saw notable intra-day gains. TCS, Asian Paints, Tech Mahindra, HCL Technologies, Tata Motors PV, Bharat Electronics Ltd (BEL), Bajaj Finserv, Reliance Industries, Mahindra & Mahindra, Bajaj Finance, Maruti Suzuki, and Infosys recorded gains of up to 1.13%, driving broader market recovery.
On the sectoral front, the Nifty IT and Nifty Auto indices led the rally with 0.6% gains each, highlighting strong investor interest in technology and automobile stocks. The Nifty Metal index rose 0.5%, while Nifty FMCG posted a modest 0.14% gain. Meanwhile, the Nifty Realty index experienced mild selling pressure, declining 0.18%.
IPO Watch: Meesho Subscriptions Surge
As Sensex gains 100 points, Nifty holds 26,000: IT & Realty shine, MidCaps lead markets, the market also saw notable investor activity surrounding the Meesho IPO, which opened for subscription on Wednesday, December 3, 2025. The SoftBank-backed e-commerce platform aimed to raise ₹5,421 crore through a fresh issue of 382.9 million shares worth ₹4,250 crore and an offer for sale (OFS) of 105.5 million shares aggregating ₹1,171.2 crore.
On the first day, the IPO witnessed strong demand, being subscribed nearly three times, reflecting robust participation from retail and institutional investors. The Qualified Institutional Buyers (QIB) segment was subscribed 2.12 times, high-net-worth individuals (HNIs) 1.8 times, and retail investors nearly four times, showcasing widespread confidence in e-commerce and digital businesses.
Corporate Developments Boosting Stocks
Biocon Board to Consider Strategic Moves
As Sensex gains 100 points, Nifty holds 26,000: IT & Realty shine, MidCaps lead markets, Biocon Limited is set to meet its Board of Directors on Saturday, December 6, 2025, to discuss key proposals. These include the potential buyout of its biosimilars arm, BBL, and plans to raise long-term capital for expansion. The board’s decisions could have a significant impact on the company’s corporate structure and global growth strategy. Amid anticipation of the meeting, Biocon shares traded at ₹388.95, down 5.13%.
Pine Labs Reports Positive Quarterly Performance
As Sensex gains 100 points, Nifty holds 26,000: IT & Realty shine, MidCaps lead markets, shares of Pine Labs, listed in November 2025, rose 2.5% intra-day following the company’s Q2FY26 results. The fintech firm reported a consolidated net profit of ₹5.97 crore for the September quarter, a significant turnaround from a loss of ₹32.01 crore in Q2FY25. Pine Labs shares reached an intra-day high of ₹253.90, driven by strong earnings visibility and renewed investor confidence.
Hexaware Expands Globally
Hexaware Technologies strengthened its global presence by inaugurating a new delivery center in Cairo, Egypt. The facility will initially host 100 professionals, targeting clients in Egypt, the Middle East, and Europe. Hexaware stock rose nearly 2%, reflecting investor optimism about international growth and increased revenue opportunities.
Petronet LNG Secures Long-Term Contract
Petronet LNG shares surged 4%, reaching ₹279.95 per share on the BSE, following the announcement of a 15-year ethane handling contract with Oil and Natural Gas Corporation (ONGC). This strategic agreement underscores long-term revenue potential and operational stability for the company.
Transformers & Rectifiers Wins Order
Transformers & Rectifiers secured a ₹53.33 crore order from the Power Grid Corporation of India for repair, erection, testing, and commissioning of HVDC converter transformers. The stock traded higher by 0.6%, reflecting investor optimism about steady order inflows.
M&M Sells Stake in Spanish Firm
Mahindra & Mahindra’s subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited, sold a 3.58% stake in CIE Automotive S.A (Spain) for approximately €119 million. The sale boosted M&M shares and improved the company’s global investment liquidity.
Sectoral and Broader Market Trends
The day’s trading session reflected divergent trends across sectors:
- IT and Auto sectors emerged as top performers, with TCS, Infosys, Tech Mahindra, HCL Tech, and Tata Motors leading gains.
- Metal stocks, including Vedanta, rose on favorable commodity prices and a positive S&P Global outlook.
- FMCG stocks posted marginal gains, while Realty stocks faced headwinds due to profit booking.
- Banking and financial services saw mixed performance, with HDFC Bank showing strength while private banks faced volatility.
The broader market indices, Nifty MidCap 100 and SmallCap 100, reflected selective buying, with mid-cap stocks outperforming small caps. This trend indicated investors’ growing interest in companies with higher growth potential and solid fundamentals.
Key Stock Stories of the Day
Vedanta Hits New High
Vedanta shares rallied 10% over eight trading sessions, driven by favorable S&P Global rating upgrades, cost efficiencies, and strong metal prices. The company’s cash flow outlook remains positive, attracting investor interest in the metals sector.
DIC India Gains After Penalty Relief
DIC India shares jumped 5% after Karnataka GST authorities reduced penalties, providing a boost to investor sentiment. Shares traded at ₹527, compared to the previous close of ₹505.60.
IndiGo Faces Headwinds
Shares of IndiGo, India’s largest airline, declined 3%, reflecting operational challenges due to flight cancellations amid a pilot shortage and new Flight Duty Time Limitation (FDTL) regulations.
Embassy REIT Retains ‘Buy’ Rating
Embassy REIT retained a ‘Buy’ recommendation by analysts at Nuvama, who expect a 13% CAGR in DPU for FY25–28E. Strong office demand underpins growth projections, with a discounted cash flow-based target price of ₹478.
Economic Indicators and FII/DII Movements
- Rupee Weakness: The Indian Rupee hit a historic low of ₹90.56/$, impacting import-heavy sectors and influencing IT stocks positively due to currency conversion gains.
- FII Selling Pressure: Foreign Institutional Investors (FIIs) sold equities worth ₹3,207 crore on Wednesday, extending a five-day selling streak, totaling ₹13,071.4 crore.
- Domestic Institutional Support: Domestic Institutional Investors (DIIs) bought stocks worth ₹4,730.4 crore, partially offsetting FII outflows.
GDP Outlook
Fitch Ratings revised India’s FY26 GDP growth forecast upward to 7.4% from 6.9%, reflecting positive macroeconomic trends and improved investment sentiment.
Global Market Context
- US Markets: Dow Jones rose 408 points (+0.86%), S&P 500 up 0.30%, and Nasdaq Composite gained 0.17% overnight.
- Asian Markets: Mixed performances were observed, with Japan’s Nikkei225 up 1.4%, South Korea’s Kospi down 1.07%, Australia’s ASX200 marginally down 0.02%, and Hong Kong Hang Seng down 0.33%.
- Shipping and Commodity Trends: Crude transport earnings surged 467% due to supply disruptions, highlighting rising global freight costs.
- LPG Imports: India’s imports from the US rose sharply, totaling 1.42 million tonnes between January and November, signaling strong domestic energy demand.
Technical and Market Outlook
As of December 4, 2025:
- Nifty50 rebounded above 25,950, reclaiming support levels after dipping in the previous session.
- Sector strength in IT and private banking provides near-term optimism, but sustainability remains crucial.
- Market participants are closely monitoring the impact of a weaker rupee and global macroeconomic trends.
For real-time updates and detailed information on market movements, visit the BSE India official website.
For more details on irrigation subsidies and micro-irrigation schemes, check out the Pradhan Mantri Krishi Sinchayee Yojana 2025 page.
