Taking Stock: Nifty scales Mt 21k, Sensex up 304 points as RBI holds rates steady

On the sectoral front, FMCG, oil & gas and power indices down 1 percent each, healthcare and auto down 0.5 percent each. On the other hand, bank, Information Technology, Bank and Realty up 0.5-1 percent.

The equity benchmarks resumed their upward trend on December 8 after a day’s pause to hit new highs as the Reserve Bank of India (RBI) left the key interest rate unchanged for the fifth time in a row.

The Nifty went past the 21,000 mark for the first time when it hit 21,006.10 and the Sensex touched a new high of 69,893.80 in the morning session.

The Sensex closed 303.91 points, or 0.44 percent, higher at 69,825.60, and the Nifty was, 68.20 points, or 0.33 percent, at 20,969.40.

The market recorded the biggest weekly gain since July 2022, as both the benchmarks gained 3.5 percent each.

The Reserve Bank of India kept the repo rate unchanged at 6.5 percent, citing a potential resurgence in inflation and signalling that price stability remained its primary objective.

The central bank raised its GDP growth forecast for 2023-24 by a huge 50 basis points to 7 percent following the big upside surprise in the July-September data.

Stocks and sectors

HCL Technologies, JSW Steel, LTIMindtree, Apollo Hospitals and Infosys were among the top gainers on the Nifty, while losers were Adani Enterprises, ITC, Adani Ports, Hero MotoCorp and Britannia Industries.

Index	Prices	Change	Change%
Sensex	83,650.80	434.52	+0.52%
Nifty 50	25,624.20	131.90	+0.52%
Nifty Bank	58,009.15	132.35	+0.23%

Nifty 50 25,624.20 131.90 (0.52%)

Mon, Nov 10, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Infosys	1,516.50	39.70	+2.69%

Biggest Loser	Prices	Change	Change%
Trent	4,312.00	-315.30	-6.81%

Best Sector	Prices	Change	Change%
Nifty IT	35766.10	648.50	+1.85%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8334.50	-17.65	-0.21%

On the sectoral front, FMCG, oil & gas and power indices were down a percent each, healthcare and auto were down 0.5 percent each. Bank, information technology, bank and realty were up 0.5-1 percent.

The BSE midcap index ended marginally lower and the smallcap index closed 0.4 percent down.

Nifty Bank index also touched its fresh record high of 47,303.65, before settling at 47,262, with a percent gain.

A long build-up was seen in GMR Airports Infrastructure, RBL Bank and REC, while a short build-up was seen in Multi Commodity Exchange of India, BHEL and Escorts.

Among individual stocks, a volume spike of more than 300 percent was seen in GMR Airports Infrastructure, JSW Steel and Coforge.

More than 350 stocks touched their 52-week high on the BSE including Alok Industries, Spencer Retail, GMR Airports, Puravankara, Sobha, NOCIL, Zee Media, Prestige Estate, Patel Engineering, RBL Bank, IRB Infra, Dhanuka Agritec, India Cements, REC, HCL Technologies, SpiceJet. Click here for the full list

Outlook for December 11

Ajit Mishra, SVP - Technical Research, Religare Broking:

Markets remained in a range for most of the session and ended with marginal gains. Nifty tested a new milestone of the “21000” mark in the early trades however profit taking in heavyweights trimmed the gains in the middle. The buoyancy in the IT majors combined with renewed buying in select private banking counters again shifted the bias in favor of bulls, which eventually helped the index to settle in green at 20,969.40 levels. After the days of outperformance, the broader indices were slightly on the back foot and ended lower.

The rotational buying across heavyweights is fueling the up move and we see the same trend to continue. In case of any dip, Nifty is likely to hold the 20,700-20,800 zone while profit-taking may reemerge around the 21,200 level. Amid all, traders should stay focused on stock selection and prefer banking and IT for long trades and pick selectively from others.

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:

The Nifty opened on a flat note and after a volatile first half, it witnessed a pullback and closed at an All all-time high. On the charts, we can observe that after the two-day consolidation, the Nifty has resumed its up move. The momentum indicator though is still not in sync which suggests caution at higher levels. The ideal strategy to trade is to hold on to long positions with a trailing stop loss mechanism. On the downside crucial support is placed at 20860 – 20800 and a dip towards this zone should be used as a buying opportunity as the overall trend is still positive. On the upside immediate hurdle is placed at 21060 – 21100.

Bank Nifty also witnessed a sharp pullback from the intraday lows and closed at an all-time high. We expect the positive momentum to continue during the next week as well. On the upside, the next immediate hurdle is placed at 47800 – 48000 from a short-term perspective. Crucial support is placed at 46800 – 46700.

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