Benchmark indices traded marginally higher in afternoon session on Thursday, with the Sensex up 146.63 points at ₹85,253.44 and the Nifty rising 41.40 points to 26,027.40, as investors remained cautious ahead of the Reserve Bank of India’s monetary policy announcement on Friday.
Information technology stocks led the gains, with TCS advancing 1.80 per cent to ₹3,237.10 and Tech Mahindra also rising 1.80 per cent to ₹1,569.40. Other IT gainers included HCL Tech, up 1.28 per cent at ₹1,661.50, and Infosys, which climbed 1.15 per cent to ₹1,596.80. SBI Life Insurance gained 1.66 per cent to reach ₹2,005.50.
The broader market showed mixed performance, with 1,903 stocks advancing against 1,977 declining on the BSE. The Nifty Midcap 100 index rose 0.21 per cent to 60,455.55, while the Nifty Smallcap 100 index fell 0.07 per cent to 17,639.05. Sectoral indices displayed varied movement, with Nifty Next 50 gaining 0.37 per cent while Nifty Bank and Nifty Financial Services declined 0.12 per cent and 0.15 per cent respectively.
Among the top losers on the Nifty50, IndiGo declined 1.71 per cent to ₹5,500.00, followed by Kotak Mahindra Bank, which dropped 0.87 per cent to ₹2,127.50. Maruti Suzuki fell 0.84 per cent to ₹15,947.00, while Eterna was down 0.82 per cent at ₹295.30 and Dr Reddy’s Laboratories slipped 0.79 per cent to ₹1,270.60.
Market participants are closely monitoring the RBI’s policy meeting, with expectations building for a continuation of the central bank’s gradual shift toward a softer monetary stance. Ajay Garg, CEO and Director at SMC Global Securities, noted that easing inflation driven by GST rate cuts, sustained food-price deflation, and declining core inflation have strengthened hopes for a rate cut in early 2026, even if rates remain at 6.50 per cent in the current meeting.
The market is also tracking global developments, particularly US Federal Reserve rate cut expectations, which have improved risk appetite across emerging markets. However, persistent foreign institutional investor outflows and rupee weakness continue to weigh on sentiment. Market breadth remained balanced with 67 stocks hitting 52-week highs against 195 touching 52-week lows, while 134 stocks were in upper circuit and 168 in lower circuit.
Published on December 4, 2025
