The BSE Sensex surged 597.67 points or 0.74%, closing at 80,845.75, while the NSE Nifty gained 181.10 points or 0.75%, ending at 24,457.15.
The mid- and small-cap indices outperformed the benchmarks, gaining 0.8% and 0.7%, respectively. This highlights growing confidence among retail investors and High-Net-Worth Individuals (HNIs), who are focusing on quality stocks.
Impact on the stock market
Sectoral performance
- The Nifty PSU Bank Index was the star performer, rising 2%, driven by SBI, Canara Bank, and Bank of Baroda amid expectations of a CRR cut by the RBI.
- Metal stocks also shone, with gains in JSW Steel and Vedanta, as analysts anticipate higher government infrastructure spending.
- However, the Nifty FMCG Index dropped 0.5%, dragged down by concerns over a potential GST hike on products like aerated beverages and tobacco, impacting stocks like ITC and Varun Beverages.
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| Sector/Index | Performance |
| IT & BPM sector | 0.48% |
| Healthcare sector | 0.13% |
| Oil & Gas sector | 1.16% |
| Real estate sector | 0.32% |
| PSU Bank in India | 2.60% |
Top gainers today
| Company | Price | Change % |
| Adani Ports Share Price | 1,288.65 | 5.99 |
| NTPC Share Price | 367.45 | 2.58 |
| Adani Enterpris Share Price | 2,514.20 | 2.33 |
| Larsen Share Price | 3,787.05 | 2.24 |
| SBI Share Price | 853.95 | 2.10 |
Top losers today
| Company | Price | Change % |
| Bharti Airtel Share Price | 1,620.55 | -1.40 |
| Hero Motocorp Share Price | 4,697.00 | -1.08 |
| ITC Share Price | 472.55 | -0.97 |
| HDFC Life Share Price | 634.00 | -0.97 |
| Sun Pharma Share Price | 1,800.05 | -0.47 |
Market aftermath: Impact on stocks
HEG and Graphite India soar
Shares of HEG and Graphite India saw double-digit gains of 17% and 10%, respectively. The surge was triggered by China’s move to restrict graphite exports to the US, creating supply concerns.
HEG’s expanded 100,000-tonne capacity graphite electrode plant, now the largest in the western world, added to investor confidence.
Swiggy extends gains ahead of Q2 earnings
Swiggy shares continued their rally, climbing nearly 10% to ₹542 ahead of the company’s second-quarter earnings. Expected revenue for H1FY25 stands at ₹6,300 crore, reflecting a 40% growth year-on-year.
The company’s rapid expansion of its 10-minute food delivery service, Bolt, to over 400 cities, has bolstered investor sentiment.
Also read: Swiggy IPO: Key Details, GMP & Expert Advice on Investing
Rajputana Biodiesel lists at a 90% premium
Rajputana Biodiesel made a remarkable debut on the NSE SME platform, listing at ₹247 per share, a 90% premium over its IPO price of ₹130. The IPO was subscribed 718.81 times, reflecting unprecedented demand from both institutional and retail investors. A grey market premium (GMP) of ₹135 before the listing further amplified expectations of a blockbuster debut.
The company’s strong fundamentals and focus on the sustainable energy sector have positioned it as a promising growth story. This impressive listing not only highlights investor confidence in Rajputana Biodiesel but also underscores the potential of SME stocks in India. Its success sets a high benchmark for other companies entering the market.
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Crude oil prices rise amid China’s manufacturing growth
Crude oil prices rose slightly on Tuesday, with February Brent futures trading at $71.94 (up 0.15%) and January WTI futures at $68.18 (up 0.12%).
The market is cautious ahead of the OPEC+ meeting on December 5, where production output for 2025 will be discussed. Reports suggest that OPEC+ might delay increasing output due to weak oil prices and declining demand.
Geopolitical tensions in West Asia, including ceasefire violations between Israel and Hezbollah, added to concerns over potential supply disruptions.
Conclusion
The Indian stock market’s third day of gains reflects growing optimism around government policies, easing macroeconomic concerns, and strong sectoral performance. Key players like Adani Ports, HEG, and NTPC Green delivered stellar performances, while broader market participation hinted at sustained bullish momentum.
With the RBI’s monetary policy meeting and the OPEC+ decision just around the corner, all eyes are on the next big moves that could shape market dynamics. Are we set for another leg up, or will volatility return? Stay tuned!
For more stock market insights, check out the StockGro blog.
