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Below the Markets Commentary for 02nd December 2025 by Ashika Institutional Equities

Bears Tighten Grip: Nifty Fails to Sustain Early Recovery

Indian markets opened on a negative note today, with the benchmark Nifty index starting with a gap-down at 26,087. The index attempted a recovery in the early session, touching an intraday high of 26,154, but the momentum fizzled out soon after. Nifty later slipped to test the crucial technical and psychological level of 26,000. Sector-wise, gains were limited to PSU banks, while most other sectors traded in the red. Significant weakness was observed in Media, Financial Services, Private Banks, Oil & Gas, and Consumer Durables.

On the derivatives front, a notable surge in open interest was recorded in POWERINDIA, NAUKRI, UNIONBANK, BDL, and CAMS. In the Nifty options segment for the weekly expiry on 9th December 2025, the highest call open interest stands at 26,200, while on the put side, significant open interest is seen at 26,000 and 25,500 levels.

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