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Below the Quote on Closing Market Summary 02nd December 2025 by Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking Private Limited

Indian equities ended on a weak note on December 2, 2025, as persistent intraday volatility and continued profit-booking kept sentiment under pressure. The Sensex fell 503.63 points, or 0.59 percent, to 85,138.27, while the Nifty declined 143.55 points, or 0.55 percent, to close at 26,032.20. Market breadth remained negative, with 1,518 stocks advancing, 2,453 declining, and 158 unchanged.

The Nifty 50 extended its corrective phase, marking its fourth consecutive session in the red—indicating rising short-term weakness and fatigue near record highs. The index now faces immediate resistance at 26,150–26,200, and a breakout above this band could allow a recovery toward 26,300. Support levels are seen at 25,900 and 25,800. Despite the correction, the broader trend remains constructive as long as the index sustains above the 26,000 psychological mark.

Bank Nifty also exhibited weakness, closing in the red and slipping below the previous day’s low, signalling short-term pressure. Key support levels are placed at 58,850 and 58,700, while resistance zones stand at 59,000 and 59,500. A decisive move beyond these levels will be crucial for identifying the next directional trend.

Volatility softened further, with India VIX declining 3.42 percent to 11.22, indicating a drop in hedging demand and a relatively calm market environment despite the correction. Derivatives data highlighted aggressive call writing at the 26,100 strike and strong put OI buildup at 26,000, pointing to a narrow, range-bound setup in the near term. A sustained close above 26,300 will remain essential to revive bullish momentum in the upcoming sessions.

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