Market Minute | December 02,2025
🚨Nifty50 dips below 26.1K, Rupee sinks to a fresh low; Yes Bank & Union Bank set to join Bank Nifty & all details inside!
Nifty 26,032.20 â–¼ -0.55%
Sensex 85,138.27 â–¼ -0.59%
Bank Nifty 59,273.80 â–¼ -0.68%
Markets Lose Steam as Nifty Clings to 26,000!
The Market felt heavy today. The Nifty50 managed to hold the 26,000 line but still logged its 3rd straight decline. The Sensex wasn’t any better, dragged mainly by: Reliance, HDFC Bank, and ICICI Bank.
What made things trickier was the mood across sectors: More than 35 Nifty stocks closed in the red, and the market breadth told the same story with a 1:2 A/D ratio. Add to that a fresh blow from currency markets: the Indian Rupee hit a new low of 89.94, which only added to the pressure. Even the Nifty Bank couldn’t hold up, falling, thanks to the index weightage restructure that hit HDFC Bank and ICICI Bank, even as it lifted Yes Bank and Union Bank.
Sectoral Mood: Pharma holds ground, Financials feel the heat!
Across sectors, it felt like a sea of red. Nifty Pharma was the only sector in green, closing almost flat while everything from Financial services to Private Banks struggled to keep their heads above water. IndiGo was the day’s biggest Nifty loser, extending Monday’s drop with weakening Rupee and lower air traffic.
On the brighter side, Asian Paints surged 3.03%, becoming the top Nifty gainer after a strong brokerage note, while Maruti Suzuki added 0.88% ahead of its e-Vitara launch. There was also some excitement in the Midcaps: SPARC jumped 20% after a favourable US court ruling, HCC climbed 10.57% ahead of its rights issue record date. But it wasn’t all green: Bajaj Housing Finance slid 7.15% after its promoter sold a 2% stake, and Capital Market names like Nuvama, HDFC AMC, and CAMS continued to see selling.
What’s next? Key levels to watch ahead of Mid-week trading!
Despite the weakness, the broader trend hasn’t broken just yet. On the daily chart, Nifty still holds its support zone between 25,965 and 25,800, while Bank Nifty’s key support lies at 58,800, followed by 58,650. The Sensex, too, has a strong base building near 84,800, which will be crucial.
For now, the upside looks capped by the day’s highs, which act more like immediate resistance than breakout levels. If the rupee stabilizes and heavyweight Banks stop bleeding, Markets may find some footing.
Tomorrow’s session could set the tone: do we defend these floors again, or does the selling pick up pace? Either way, the next move might be sharper than today’s drift.
NIFTY50: Top Gainers
ASIANPAINT â–² +3.03%
DRREDDY â–² +1.20%
MARUTI â–² +0.88%
NIFTY50: Top Losers
INDIGO â–¼ -1.67%
AXISBANK â–¼ -1.39%
RELIANCE â–¼ -1.26%
Key levels to watch for December 03, 2025
Open Interest insights
Call writers are firmly defending 26,100 (37.82L) and 26,200 (35.59L), turning this entire zone into a strong ceiling for the index. On the other hand, put writers remain active at 26,000 (28.3L) and 25,800 (15L), signalling continued support at these levels. The PCR-OI is at 0.7.
What does this mean? Heavy call writing overhead indicates selling pressure at higher levels and limited upside unless the index decisively crosses 26,200. Meanwhile, active put writing at 26,000 and 25,800 suggests buyers are protecting the downside, making this region a key support band.
Today’s buzzing stocks at a glance
News you can use
Indian rupee hits another record low at 89.94 against the US dollar.
Swiggy plans to launch a $1.1 billion QIP next week.
Yes Bank and Union Bank to join the Nifty Bank index from December 31, 2025.
Insolation Energy bags ₹516 crore order for solar PV modules.
KPIT Tech secures ₹489 crore order from GSECL.
LIC to launch new products available for sale from December 3, 2025.
SPARC wins U.S. District Court summary judgment for Sezaby priority review voucher (PRV).
Chart of the day: SIEMENS
Spotted: Symmetrical Triangle
Structure: A Symmetrical Triangle forms when price compresses between LH’s and HL’s, suggesting indecision as volatility contracts.
Validation: A decisive breakout preferably with strong volume, confirms the next directional move.
Trading Insight: Reflects consolidation after a trending move. Once price escapes the pattern, it often triggers a swift continuation in the breakout direction.
That’s a wrap for today’s action-packed session! We’ll be back in your inbox on December 03, 2025, with more sharp insights, fresh trends, and signals from the markets.