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Below the Markets Commentary for 1st December 2025  by Ashika Institutional Equities

Markets Scale New Highs on Robust GDP Print; RBI Policy in Focus

Indian markets opened the week on a upbeat note, registering a strong gap-up opening after robust GDP numbers released on Friday evening. India recorded its fastest growth in six quarters, with GDP expanding 8.2%, lifting overall market sentiment and fueling positive momentum at the open. The benchmark index Nifty mirrored this optimism, opening sharply higher and even marking a fresh all-time high of 26,325. However, profit-booking at higher levels led to selling pressure, dragging the index down to test 26,150 level before stabilizing. Sectorally, Auto, CPSE, Commodity, PSE, and Metals indices showed notable strength throughout the session. Meanwhile, pockets of weakness emerged in PSU Banks and FMCG stocks, capping broader gains.

On the derivatives front, a significant open-interest build-up was observed in KFINTECH, UNOMINDA, KPITTECH, KAYNES, and PAGEIND, indicating active participation and fresh positions in these counters. In the Nifty options chain, the highest Call OI stood at the 26,300 and 26,200 strike prices, suggesting strong resistance zones. On the downside, the highest Put OI was concentrated at the 26,200 and 26,000 strikes, pointing to key support levels. Market participants now shift their focus to the RBI policy meeting scheduled this week, which is expected to guide near-term sentiment and market direction.

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