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Below the Market Commentary (closing) for 1st December 2025 by Bajaj Broking

Market Closing Commentary

Benchmark indices touched a new milestone, supported by stronger-than-expected Q2 GDP growth. However, the initial optimism was short-lived as markets witnessed profit booking, eventually ending the day on a volatile note amid weak global cues and persistent FII selling pressure. At the close, the Sensex fell 64.77 points (0.08%) to 85,641.90, while the Nifty slipped 27.20 points (0.10%) to 26,175.75, reflecting a subdued and volatile trading session. On the sectoral front, Nifty Auto, Metal, IT, and PSU Bank indices displayed noticeable strength. In contrast, Nifty Realty, Healthcare, and Pharma remained the key laggards, while other sectors traded with a mixed bias, indicating a lack of broad-based momentum. The broader market also mirrored the cautious sentiment. Nifty Midcap 100 ended flat, showing little directional movement, whereas the Nifty Small cap 100 gained a marginal 0.25%, supported by selective buying interest.

Nifty Outlook

Index has formed a bearish candle with a similar open and high highlighting profit booking at higher levels near the all-time high. Nifty in the last three sessions is seen consolidating around the all-time high. Going ahead we expect the index to maintain overall positive bias and head towards 26,500 and then towards 26,800 levels in the coming week being the measuring implication of the recent broader range breakout (26,100-25,400). A follow through weakness below 26100 will signal some consolidation in the range of 26,300-25,800 in the coming sessions. The last two-months uptrend has remained well within a rising channel, indicating sustained demand at a higher level. Immediate support is placed at the last week breakout area of 26,000-25,800, sustaining above the same will keep the bias positive.

Bank Nifty Outlook

Bank Nifty has formed a bearish candle with a similar open and high highlighting profit booking at higher levels near the all-time high. Going ahead, a follow through strength above Monday’s high (60114) will open further upside towards 60,400 and then towards 61,000 levels in the coming weeks. The entire up move of the last 2 months is well channelled signaling sustained demand at elevated levels. Key support is placed at 58,300-58,600 levels being the confluence of the last two weeks lows and recent breakout area.

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