IGI Logo

Below the Quote on Market Wrap 03rd December 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets witnessed a volatile session and ended marginally lower, extending the ongoing consolidation phase. After a flat start, the Nifty drifted gradually lower in early trade and then remained range-bound for most of the session. A late rebound in the last half hour helped trim losses, and the index eventually settled at 25,986. Sectorally, most indices traded under pressure, with auto, energy and FMCG leading the decline, while resilience in IT and a recovery in private banks helped limit the downside. The broader markets were comparatively weaker, with the midcap and smallcap indices declining in the range of 0.71%–0.91%.

Sentiment was dampened by a weakening rupee, which hit a record low of 90.13 against the dollar, heightening concerns around import costs and triggering FII outflows. In addition, caution ahead of the MPC meeting and mixed global cues added to the subdued mood.

Although the Nifty slipped below the crucial short-term support of the 20-DEMA around 25950 level during the session, the closing-hour recovery helped it reclaim this level. The rebound in private banking heavyweights and continued strength in IT were encouraging, but their sustainability will be the key for any meaningful recovery; otherwise, the corrective phase may extend. Meanwhile, participants should manage position sizes prudently and maintain a selective approach—favoring IT and pharma for long trades while considering opportunities in rate-sensitive pockets on dips."

Above views are of the author and not of the website kindly read disclaimer