Closing Bell: Market snaps 3-day fall; Nifty near 25,900, Sensex rises 427 pts

Market Close | Nifty at 25900, Sensex gains 427 points

Indian equity indices ended on strong note with Nifty at 25,900 on December 11. At close, the Sensex was up 426.86 points or 0.51 percent at 84,818.13, and the Nifty was up 140.55 points or 0.55 percent at 25,898.55.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Vikram Kasat, Head Advisory, PL Capital

Indian equities snapped a three-day losing streak and ended with healthy gains on Thursday, supported by broad-based buying across sectors and positive global cues after the US Federal Reserve announced a 25-basis-point rate cut overnight. The move boosted risk sentiment and helped domestic benchmarks recover from recent weakness.

The Sensex climbed 426.86 points to close at 84,818.13, while the Nifty rose 140.55 points to settle at 25,898.55, ending just shy of the 25,900 mark.

Gains were driven by strong action in auto, metal, banking and telecom stocks, with Kotak Mahindra Bank, Eternal, Jio Financial, Tata Steel and Grasim Industries leading the Nifty. On the downside, Bharti Airtel, Asian Paints, SBI Life Insurance, Bajaj Finance and Axis Bank were among notable laggards. Broader markets outperformed the frontline indices.

The NSE Midcap index was up 0.97%, while the NSE Smallcap index advanced 0.81%, reflecting sustained interest in the broader market.

Sectoral performance remained robust, with all major indices ending in the green. Auto, IT, pharma, telecom, PSU Bank, Private Bank, metal and realty indices gained between 0.5% and 1%, signalling broad participation in the upmove.

On the currency front, the Indian rupee weakened further and closed near a record low at 90.36 per dollar, compared to the previous close of 89.97, as a stronger dollar and persistent foreign outflows kept pressure on the domestic currency.

With the Fed’s rate cut now digested and domestic cues limited, markets will take direction from global sentiment, currency trends and institutional flows in the near term.

Aditya Agrawal, CFA, Chief Investment Officer at Avisa Wealth Creators

Equity mutual fund inflows rose 21% MoM to Rs 29,911 crore, marking a rebound after three straight months of declines. However, inflows remain about 17% lower year-on-year, well below the 2025 peak of Rs 42,702 crore recorded in July.

Within the growth-oriented equity segment, Flexi-cap funds saw the highest inflows at Rs 8,135 crore (AUM: Rs 5.5 lakh crore), followed by Large & Mid-cap funds at Rs 4,503 crore (AUM: Rs 3.3 lakh crore). In contrast, Dividend Yield and ELSS categories recorded net outflows of Rs 278 crore and Rs 570 crore, respectively.

While the month-on-month uptick in inflows indicates strengthening investor sentiment toward equity markets, sustaining this momentum remains crucial. SIP contributions held firm at Rs 29,445 crore in November 2025, registering a modest 0.3% MoM dip but a strong 21.7% YoY increase. The near-record flows underscore steady retail participation and robust confidence in long-term wealth creation through disciplined investing.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing weakness in the last three sessions, Nifty witnessed relief rally from the lows on Thursday and closed the day higher by 140 points. After opening on a positive note, the market slipped into decline soon after the opening. Sharp buying has emerged from near the support of 25700 and the market moved up in the mid part and eventually closed near the highs.

A long positive candle was formed on the daily chart on Thursday, that has almost erased the loss of previous session. Positive divergence was seen in the intraday chart and the Nifty daily chart indicates possible short term reversal formation on the upside.

The market is in an attempt of reversing its short term down trend. Further sustainable upside from here could confirm crucial bottom reversal pattern. Hence, a decisive move above the hurdle of 25950-26000 levels could possibly open the next upside towards 26250-26300 levels in the near term. Immediate support is placed at 25750.

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Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Thursday, the benchmark index Nifty slipped below its 50-day EMA in the first hour of trade, signalling early weakness. However, the index managed to find support near the day’s low of 25693, which triggered a sharp rebound. By the end of the session, Nifty closed near 25900, posting a gain of 0.55%, and formed a bullish candle on the daily chart, indicating a recovery from intraday lows.

Among Nifty constituents, Adani Enterprises and Jio Financial Services emerged as top gainers, while Asian Paints and SBI Life were among the major laggards. Sectoral performance was largely positive, with Nifty Auto, Nifty Metal, and Nifty Pharma leading the gains. Only Nifty Media and Nifty Oil & Gas ended in the red, reflecting selective weakness.

The broader market also participated in the rebound. The Nifty Midcap 100 found support near its 100-day EMA and staged a recovery, while the Nifty Smallcap 100 closed in the green, though it continues to trade below its crucial moving averages. Market breadth improved significantly, with the advance-decline ratio tilting in favour of advancers. Out of the Nifty 500 universe, 332 stocks ended on a positive note.

Nifty View

Going ahead, for Nifty, the 50-day EMA zone of 25750-25730 will act as important support. If the index slips below the 25730 level, it could trigger a deeper correction. On the upside, the zone of 25950-26000 will act as a crucial hurdle for the index. Any sustainable move above the 26000 will lead to an upside rally up to the 26150 level.

Bank Nifty View

The banking benchmark index, Bank Nifty, has been oscillating near its 20-day EMA level since the last three trading sessions. On Thursday, it underperformed frontline indices and formed a small body candle with shadows on either side. Going ahead, the zone of 58900-58800 will act as crucial support for the index. On the upside, the zone of 59400-59500 will act as an important hurdle.

Hareesh V, Head of Commodity Reserach, Geojit Investments

The US Federal Reserve’s decision to cut key interest rates by 25 bps to 3.50%-3.75% amid persistent inflation has reinforced bullish sentiment in precious metals. Lower rates reduce the opportunity cost of holding non-yielding assets like gold and silver, attracting fresh investment flows. With bullion already at record highs, this policy shift adds momentum to the rally, as investors seek safe-haven assets amid economic uncertainty and inflationary pressures.

Additionally, the post-cut weakening of the US dollar further supports gold and silver prices, as a softer greenback makes these metals more affordable for global buyers. The sharp rally in bullion is underpinned by structural supply deficits, robust industrial demand for silver, and sustained ETF inflows. Technical breakouts above long-standing resistance levels have amplified buying interest, while geopolitical risks and inflation hedging continue to fuel long-term bullish outlooks despite short-term volatility.

Rupak De, Senior Technical Analyst at LKP Securities

Nifty remained firm after an initial decline in the early trading hour. On the downside, it slipped below the previous day's low, while on the upside it faced resistance at the 21EMA on the daily timeframe. This reflects an underlying bearish market structure, where the index struggles to move above resistance but easily breaches support levels.

In the short term, 25,700 is likely to act as support. A decisive break below 25,700 could give bears the upper hand. Conversely, unless Nifty moves above 26,000, caution and fear may continue to dominate market sentiment.

Ajit Mishra – SVP, Research, Religare Broking

Markets staged a rebound on the weekly expiry day, rising nearly 0.5% after three consecutive sessions of decline. Following initial volatility, the Nifty gradually moved higher and closed near the day’s peak at 25,897. Most sectors participated in the rebound, with auto, metals and pharma leading the gains. The broader markets also saw relief, with both midcap and smallcap indices advancing close to 1%.

Buying across IT, auto, metals, realty and banking helped offset recent weakness, supported by a decline in India VIX and positive global cues after Wall Street strengthened post the Fed policy outcome. Meanwhile, steady domestic sentiment was reinforced by robust equity inflows of Rs 29,894 crore in November. However, continued weakness in rupee capped the momentum.

It may still be premature to celebrate this rebound. A sustained move above the first key hurdle—the 20-DEMA around 25,950—is essential to confirm further recovery; failure to do so could trigger renewed profit-taking. Participants should closely track the performance of banking and IT, which will be crucial for market direction. Global cues, especially from the US markets, will also remain influential.

On the sectoral front, several stocks within private banking, auto, metals and pharma continue to exhibit relative strength, while pockets of weakness in other sectors still offer opportunities on the short side. Traders should position selectively with a strong emphasis on risk management.

Abhinav Tiwari, Research Analyst at Bonanza

The Indian equity market saw a strong rebound today, breaking a three day losing streak. The Sensex closed at 84,818, up 427 points, while the Nifty 50 ended at 25,899, gaining 141 points. Market breadth was positive with more stocks advancing than declining, and the India VIX fell nearly 4% to 10.4, indicating improving risk sentiment.

A key driver of the rally was the US Federal Reserve’s 25 bps rate cut, which aligned with expectations. The softer policy stance boosted risk appetite, as lower US yields often support emerging market flows and stabilize currencies. While the Fed signaled limited cuts ahead, the move still offered relief to investors and helped reduce near term uncertainty.

Sentiment was further lifted by the PFRDA decision to expand the investment universe for NPS funds. Pension funds can now invest in the top 250 listed stocks, up from 200 earlier, and can also access gold and silver ETFs and select AIFs. This added flexibility is expected to bring more long term capital to equities and support market depth.

Additionally, optimism around India US trade gained traction after the Chief Economic Advisor indicated that pending issues have largely been resolved, with a deal expected by March 2026. Sectoral performance was broad based, with realty, private banks, and autos outperforming, and midcap and small cap indices also closing higher.

Vatsal Bhuva, Technical Analyst at LKP Securities

Bank Nifty formed a small candlestick in Thursday’s session, reflecting sideways consolidation with a mild bearish undertone. Although the index has reclaimed its 20-day EMA, a crucial hurdle remains at the 10-day EMA. With no clear directional conviction, immediate support is placed at 58,800 and resistance at 59,350.

A decisive close above 59,500 would confirm bullish momentum, while a breakdown below 58,800 may trigger further selling pressure towards the 58,200 zone, where the 50-day EMA is placed.

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Currency Check | Rupee closes near record low

Indian rupee ended near record low at 90.36 per dollar on Thursday versus previous close of 89.97.

Market Close | Market snaps 3-day fall; Nifty near 25,900, Sensex rises 427 pts

Indian equity indices ended on strong note with Nifty at 25,900 on December 11.

At close, the Sensex was up 426.86 points or 0.51 percent at 84,818.13, and the Nifty was up 140.55 points or 0.55 percent at 25,898.55. About 2345 shares advanced, 1664 shares declined, and 138 shares unchanged.

All the sectoral indices ended in the green with auto, IT, pharma, telecom, PSU Bank, Private Bank, metal, realty up 0.5-1%.

BSE Midcap index rose 0.8% and smallcap index added 0.5%.

Kotak Mahindra Bank, Eternal, Jio Financial, Tata Steel, Grasim Industries were among major gainers on the Nifty, while losers were Bharti Airtel, Asian Paints, SBI Life Insurance, Bajaj Finance, Axis Bank.

Sensex Today | Oswal Pumps bags order worth Rs 380 crore

The company has today received Letter of Empanelment/ Letter of Award from Maharashtra State Electricity Distribution Company Limited for 13,738 Off-Grid DC Solar Photovoltaic Water Pumping Systems which is to be executed within 1 (One) year under the PM Kusum B Scheme “Magel Tyala Saur Krishi Pump” Yojna. The total value of 13,738 SPWPS is Rs. 380 Crore approx. (including GST).

Oswal Pumps was quoting at Rs 530.95, up Rs 32.05, or 6.42 percent. It has touched a 52-week low of Rs 486.50.

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Sensex Today | Infibeam Avenues names Vishwas Patel as MD and CEO

Infibeam Avenues today announced it planned elevation of Mr. Vishwas Patel, currently Joint Managing Director, to the role of Managing Director and Chief Executive Officer, effective December 11, 2025, subject to requisite statutory approval. Mr. Vishal Mehta will continue to head the Company’s board as Chairman and Managing Director, driving long-term AI-first strategic vision.

Infibeam Avenues was quoting at Rs 17.23, up Rs 0.13, or 0.76 percent.

Sensex Today | Nephrocare Health Services IPO subscribed at 0.33 times at 3:12 PM (Day 2)

QIB – 0.30 times

NII - 0.18 times

Retail – 0.41 times

Employee Reserved - 1.05 times

Overall – 0.33 times

Sensex Today | Park Medi World IPO subscribed at 0.88 times at 3:09 PM (Day 2)

QIB – 0.32 times

NII - 1.17 times

Retail – 1.07 times

Overall – 0.88 times

Sensex Today | India Volatility index down 4%

Markets@3 | Sensex jumps 410 points, Nifty near 25900

The Sensex was up 417.22 points or 0.49 percent at 84,808.49, and the Nifty was up 136.85 points or 0.53 percent at 25,894.85. About 2217 shares advanced, 1596 shares declined, and 129 shares unchanged.

Sensex Today | MBL Infrastructure wins arbitration award; snaps 3-day fall

MBL Infrastructure today announced that Hon'ble Supreme Court of India by order dated 04.12.2025 has upheld Arbitration Award against Telecommunications Consultants India Ltd (TCIL) in respect of completed project of construction of 144 Nos Type V and 24 Nos Type VI Houses in Campus of Rajiv Gandhi Thermal Power Project at Khedar in Hisar District, Haryana.

The amount receivable in terms of the arbitration award/Court Order has been worked out as Rs 18.78 crores as on 11.12.2025 with further interest accruing at 12% p.a. compounded with monthly rests till receipt of the amount.

MBL Infrastructure was quoting at Rs 33.63, up Rs 1.68, or 5.26 percent. It has touched a 52-week low of Rs 30.60.

Sensex Today | European indices trade higher; Dow Futures down marginally

Sensex Today | Chalet Hotels approves acquisition of company owning resort property at Udaipur

The board of directors of the company at its meeting held today approved the proposed acquisition of a company owning a resort property at Udaipur in the state of Rajasthan with around 150 rooms at a proposed consideration of Rs 171 crore.

Also, approved aappointment of Mr. Shwetank Singh as the Managing Director and CEO of the company with effect from February 1, 2026 and appointment of Dr. Sanjay Sethi as non-independent non-executive director of the company with effect from February 1, 2026.

Chalet Hotels was quoting at Rs 889.05, up Rs 5.60, or 0.63 percent.

Sensex Today | Jio & Bharti combined mobile share expected to rise to 85 percent by FY28 along with higher ARPU: CLSA

#1 Reliance Jio & Bharti Airtel have reached over 400 million 5G subscribers

#2 India’s 5G penetration has already climbed to 42 percent of total data subscribers

#3 Reliance Jio leads with a 5G standalone network & rapid expansion in 5G FWA users

#4 Bharti Airtel’s 5G subscribers form 58 percent of its data base 7 46 percent of mobile subscribers

#5 5G tariffs are at a 17 percent premium to 4G, yet adoption remains strong

Sensex Today | Nifty Smallcap index up 0.5%; Natco Pharma, Kfin Technologies, Ircon International, among top gainers

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Sensex Today | Nomura maintains 'buy' rating on Kaynes Technologies, target price at Rs 5,455

#1 Realigns growth target due to smart-meter challenges

#2 Cash flow improvement remains a key monitorable for investors

#3 Growth drivers need reassessment given significant working-capital drag

#4 Management addresses accounting & collection concerns in smart meters

#5 Company to exit service model & supply only smart meter devices going forward

#6 Smart meter revenue contribution expected to decline sharply through FY28

#7 Maintain buy rating with lower target price due to moderated growth outlook

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Sensex Today | 2 million shares of Vishal Mega Mart traded in a block: Bloomberg

Vishal Mega Mart was quoting at Rs 130.35, down Rs 0.65, or 0.50 percent.

It has touched an intraday high of Rs 130.65 and an intraday low of Rs 128.35.

In the previous trading session, the share closed down 0.04 percent or Rs 0.05 at Rs 131.00.

The share touched a 52-week high of Rs 157.75 and a 52-week low of Rs 96.05 on 26 August, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 17.37 percent below its 52-week high and 35.71 percent above its 52-week low.

Market capitalisation stands at Rs 60,912.59 crore.

Markets@2 | Sensex up 395 pts, Nifty at 25900

Sensex Today | Nephrocare Health Services IPO subscribed at 0.31 times at 1:54 PM (Day 2)

QIB – 0.30 times

NII - 0.16 times

Retail – 0.37 times

Employee Reserved - 0.95 times

Overall – 0.31 times

Sensex Today | BSE Midcap index up 0.6%; Ola Electric, Sona BLW, Kaynes Tech, among top contributors

Sensex Today | Park Medi World IPO subscribed at 0.82 times at 1:48 PM (Day 2)

QIB – 0.30 times

NII - 1.11 times

Retail – 1.00 times

Overall – 0.82 times

Currency Check | Rupee trades near day's low

Indian rupee is trading near day's low at 90.40 dollar versus previous close of 89.97.

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Sensex | Net equity inflow at Rs 29,894cr in November versus Rs 24,671 crore inflow, MoM 

#1 Total AUM at Rs 80.80 lakh crore versus Rs 79.87 lakh crore, MoM

#2 Large cap fund inflow at Rs 1,640 crore versus Rs 972 crore inflow, MoM

#3 Small cap fund inflow at Rs 4,407 crore versus Rs 3,476 crore inflow, MoM

#4 Midcap fund inflow at Rs 4,487 crore versus Rs 3,807 crore inflow, MoM

Sensex Today | GK Energy bags order from Maharashtra State Electricity Distribution Company

GK Energy has received a Letter of Empanelment/Letter of Award from Maharashtra State Electricity Distribution Company Limited for 13,239 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. The total value of the 13,239 pumps is around Rs. 366.63

Crores (inclusive of GST) which is to be executed within 60 days from the issuance of work order/NTP.

GK Energy was quoting at Rs 147.10, up Rs 2.55, or 1.76 percent.

Sensex Today | Railtel Corporation of India share price rises most in 12 weeks

Railtel Corporation of India was quoting at Rs 335.90, up Rs 17.00, or 5.33 percent.

It has touched an intraday high of Rs 337.70 and an intraday low of Rs 315.05.

It was trading with volumes of 215,021 shares, compared to its five day average of 365,994 shares, a decrease of -41.25 percent.

In the previous trading session, the share closed down 1.67 percent or Rs 5.40 at Rs 318.90.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 29.85 percent below its 52-week high and 26.61 percent above its 52-week low.

Market capitalisation stands at Rs 10,780.32 crore.

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Sensex Today | Investec keeps 'buy' rating on Sona BLW, target price at Rs 560

#1 Management expects growth rebound supported by multiple tailwinds after a subdued year

#2 Company poised to gain market share in EU differential gears segment after competitor bankruptcies

#3 Reliance on key EV customer has reduced to 6 percent following railway business integration

#4 Tariff risk remains minimal with only 3 percent revenue exposure due to high localised content

#5 Traction motor production normalises with shift to LREs & ferrite-based motors

#6 Railway business outlook strong with Rs 1,300 crore order book for execution over next 12 months

#7 Company expected to deliver 22 percent EPS CAGR over FY26-28 and maintain its growth trajectory

Sensex Today | Ola Electric Mobility shares gain most in 14 weeks

Ola Electric Mobility was quoting at Rs 37.37, up Rs 3.06, or 8.92 percent.

It has touched an intraday high of Rs 37.70 and an intraday low of Rs 33.80.

It was trading with volumes of 4,395,645 shares, compared to its five day average of 9,362,344 shares, a decrease of -53.05 percent.

In the previous trading session, the share closed down 0.75 percent or Rs 0.26 at Rs 34.31.

The share touched a 52-week high of Rs 100.40 and a 52-week low of Rs 33.17 on 17 December, 2024 and 09 December, 2025, respectively.

Currently, the stock is trading 62.78 percent below its 52-week high and 12.66 percent above its 52-week low.

Market capitalisation stands at Rs 16,483.27 crore.

Sensex Today | Tejas Networks emerges as a leading supplier of IP Routing products

Tejas Networks has been awarded IP Routing equipment purchase contracts for 7 of the 12 BharatNet Phase-III packages announced till date, thereby emerging as the largest supplier by the number of packages.

As a part of this nationwide deployment, Tejas will be delivering its state-of-the-art TJ1400 family of next-generation access and aggregation routers, indigenously designed and developed by the company, with tens of thousands of these carrier-grade systems already operational in high-availability, mission-critical networks.

Tejas Networks was quoting at Rs 465.45, up Rs 3.65, or 0.79 percent.

Suranjana Borthakur, Head of Distribution & Strategic Alliances, Mirae Asset Investment Managers (India)

Equity inflows have picked up slightly in the month of November, aided by a steady inflows in diversified categories such as flexi-cap, which has seen steady flows  for the second consecutive month. This is a constructive trend, especially because the surge in flows earlier in the year was driven largely by NFO activity and recency bias. With one-year returns across equity categories moderating, inflows now appear more balanced and less sentiment-driven.

Within market caps, flows into mid- and small-cap categories have been modest with slight upside this month compared to the last, while large-cap funds after witnessing a sharp dip last month have rebounded meaningfully. Hybrid categories continue to gain traction, particularly multi-asset funds, which are steadily becoming part of core investor allocations given their diversified structure and strong one-year performance supported by commodity exposure.

Sectoral and thematic funds remain the most actively traded, with significant churn as investors enter and exit rapidly. This continues to be an area of concern. These categories are better suited as satellite allocations and require a longer time frame to play out. Short-term, tactical entry and exit often leads to suboptimal outcomes, and investors should ensure alignment with their risk appetite before allocating.

On the whole, the broader participation remains healthy, with core diversification trends strengthening. SIP inflows once again remain robust at around ₹29,900 crore, reinforcing the increasing discipline and maturity among retail investors. This consistent SIP momentum is a positive sign and underscores the importance of staying committed to long-term wealth creation through market cycles.

Sensex Today | Ashoka Buildcon JV gets Mithi River Development project

Adani-Ashoka-Aakshaya (a joint venture in which Adani Road Transport Limited holds 51% as lead member, Ashoka Buildcon holds 26%, and Aakshaya Infra Projects holds 23%) has received a Letter of Acceptance for the Mithi River Development and Pollution Control Project worth Rs 1,815.79 crore from the BMC.

Ashoka Buildcon was quoting at Rs 167, up Rs 2.50, or 1.52 percent.

It has touched an intraday high of Rs 171.10 and an intraday low of Rs 165.40.

It was trading with volumes of 84,195 shares, compared to its five day average of 239,894 shares, a decrease of -64.90 percent.

It was trading with volumes of 84,195 shares, compared to its thirty day average of 134,500 shares, a decrease of -37.40 percent.

In the previous trading session, the share closed down 1.88 percent or Rs 3.15 at Rs 164.50.

The share touched a 52-week high of Rs 319.00 and a 52-week low of Rs 158.05 on 31 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 47.65 percent below its 52-week high and 5.66 percent above its 52-week low.

Market capitalisation stands at Rs 4,688.08 crore.