The BSE Sensex climbed 110.58 points (0.14%) to close at 80,956.33, trading within a range of 81,245.39-80,630.53. Meanwhile, the NSE Nifty50 rose by a modest 10.30 points (0.04%), closing at 24,467.45, after touching an intraday high of 24,573.20.
Key performers included HDFC Bank, which hit a 52-week high of ₹1,865 before closing at ₹1,856.80, marking a record close. On the broader front, midcaps and small caps outperformed the benchmarks, with the Nifty Midcap100 up by 1.05% and the Nifty Smallcap100 higher by 0.89%.
Impact on the stock market
Sectoral performance
Sectoral indices painted a mixed picture. The Nifty PSU Bank index led gains with a 2.25% rise, bolstered by expectations of a CRR cut by the Reserve Bank of India. The Nifty Financials, Private Bank, and IT indices also ended in the green, up by 2.14%, 1.08%, and 0.86%, respectively.
On the downside, Nifty Auto, Metal, Pharma, and FMCG indices saw losses of up to 0.71%. Stocks like Bharti Airtel, Cipla, and Adani Ports were among the laggards, each dropping over 2%.
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| Sector/Index | Performance |
| IT & BPM sector | 0.44% |
| Healthcare sector | 0.22% |
| Oil & Gas sector | -0.29% |
| Real estate sector | 2.14% |
| PSU Bank in India | 2.25% |
Top gainers today
| Company | Price | Change % |
| HDFC Life Share Price | 650.25 | 2.56 |
| HDFC Bank Share Price | 1,860.10 | 1.85 |
| Apollo Hospital Share Price | 7,232.35 | 1.48 |
| NTPC Share Price | 372.75 | 1.44 |
| Bajaj Finserv Share Price | 1,628.10 | 1.31 |
Top losers today
| Company | Price | Change % |
| Bharti Airtel Share Price | 1,584.10 | -2.25 |
| Cipla Share Price | 1,500.85 | -2.15 |
| Bajaj Auto Share Price | 8,999.15 | -1.78 |
| Tata Motors Share Price | 788.10 | -1.64 |
| Adani Ports Share Price | 1,269.55 | -1.48 |
Market aftermath: Impact on stocks
Star Cement surges on acquisition rumours
Star Cement shares rose by 14% intraday on reports of a potential acquisition by Ambuja Cement, owned by the Adani Group.
Although Star Cement dismissed the speculation in an exchange filing, the news sparked strong investor interest, with the Adani Group reportedly evaluating the deal through consultancy firm EY.
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Steelman Telecom secures major Reliance Jio contract
Shares of Steelman Telecom hit the 20% upper circuit, trading at ₹154.8, after securing a ₹147 crore work order from Reliance Jio.
The contract involves maintenance of communication systems over three years, boosting confidence in Steelman’s business prospects despite its underperformance this year.
Swan Energy rallies on shipyard developments
Swan Energy gained 13% as it resumed shipyard operations and completed a Coast Guard vessel repair ahead of schedule.
The shipyard, touted as India’s largest dry dock, plans to venture into shipbuilding, solidifying its position in the defence and shipping sectors.
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Crude oil update
Crude oil prices edged higher after the US imposed sanctions on 35 Iranian entities linked to petroleum exports. February Brent oil futures traded at $73.68, up 0.08%, while MCX December futures gained 0.13%, closing at ₹5,937.
The market is now focused on the upcoming OPEC+ meeting on 5th December, with expectations of production cuts due to weak demand forecasts.
Conclusion
The Indian markets maintained their upward trajectory, supported by sectoral gains in banks and broader indices. Despite mixed performance across sectors, key developments such as acquisition rumours, strategic contracts, and global oil movements kept the market dynamic.
As investors brace for upcoming policy decisions and global cues, the market’s resilience continues to inspire confidence.
For more stock market insights, check out the StockGro blog.
