Taking Stock: Nifty soars above 24,700, Sensex jumps 810 pts; all eyes on RBI policy

Market Today

In yet another highly volatile session on December 5, the Indian equity market managed to close higher with Nifty closing above 24,700, continuing the winning run for fifth consecutive session amid buying across the sectors barring realty names.

Amid mixed global cues, the Indian indices opened marginally higher but erased all the gains to trade rangebound in the first half. However, buying in the second half, pushed Nifty above 24,800 but erased most of the intraday gains as investors remained cautious ahead of Reserve Bank of India (RBI) policy tomorrow.

At close, the Sensex was up 809.53 points or 1 percent at 81,765.86, and the Nifty was up 240.95 points or 0.98 percent at 24,708.40.

Biggest Nifty gainers included TCS, Infosys, Titan Company, Trent and Dr Reddy's Labs, while losers were SBI Life Insurance, Bajaj Auto, HDFC Life, NTPC and Grasim Industries.

Except realty and PSU Bank, all other sectoral indices ended in the green with Information Technology index being the biggest gainer by rising nearly 2 percent.

The BSE midcap and smallcap indices ended with marginal gains.

Also Read - 70% chance that RBI will cut rates by 25 bps in upcoming MPC

More than 230 stocks touched their 52-week high on the BSE, including, Affle India, Anand Rathi, CAMS, Caplin Labs, City Union Bank, Coforge, eClerx Services, Federal Bank, HCL Technologies, HDFC Bank, Indian Hotels, Info Edge, KIMS, Laurus Labs, Paytm, PB Fintech, Persistent Systems, Tech Mahindra, Wipro, Zomato, among others. Click To View More

Index	Prices	Change	Change%
Sensex	82,500.82	328.72	+0.40%
Nifty 50	25,285.35	103.55	+0.41%
Nifty Bank	56,609.75	417.70	+0.74%

Nifty 50 25,285.35 103.55 (0.41%)

Fri, Oct 10, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Cipla	1,561.80	48.70	+3.22%

Biggest Loser	Prices	Change	Change%
Tata Steel	173.86	-2.56	-1.45%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	7695.80	126.50	+1.67%

Worst Sector	Prices	Change	Change%
Nifty Metal	10261.55	-94.65	-0.91%

Outlook for December 6

Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan

Nifty opened on a positive note and witnessed selling pressure in the first half. Action picked up in the second half, helping the Nifty to close with gains of ~241 points. It has achieved our short-term target of 24770 and hence we raise it to 25125. Support base shifts higher towards 24330 which is the 40-day exponential moving average. The hourly momentum indicator has triggered a positive crossover from the equilibrium line suggesting that the upmove is likely to continue and in case of minor degree pullback towards support zone it should be used as a buying opportunity.

Bank Nifty also witnessed continuation of the positive price action. Signs of divergence are visible on the hourly momentum indicator however there is no price confirmation as of now and hence we shall continue to ride the upmove towards 54460.

Aditya Gaggar Director of Progressive Shares

Exceptional volatility was seen in today's trade. After a 1000-point swing on either sides, the Index concluded the trade at 24,708.40 with gains of 240.95 points. IT was the top gainer among the sectors followed by Auto; while on the flip side, Realty and PSU Banks were the laggards. Mid and Smallcaps underperformed as major action was seen in the Index based stocks only.

A strong candle was formed but was with above-average higher and lower shadows which depicts extreme volatility. It appears that the market has already digested tomorrow's MPC outcome.

The positive trend is likely to continue but considering the strong rally of the past 4 days, a minor correction is anticipated; however, the Index is heading towards the psychological barrier of 25,000 whereas the support has shifted higher to 24,550.

Ajit Mishra – SVP, Research, Religare Broking

Markets extended their recovery in a volatile session, gaining over 1% after a brief pause. Following a subdued start, a sudden surge in select heavyweight stocks mid-session lifted sentiment, though volatile swings in the final hour tempered the momentum. Ultimately, the Nifty closed at 24,708, up 0.98%, after hitting an intraday high of 24,857.75.

Most sectors contributed to the rally, with IT, banking, and auto emerging as the top gainers. Market breadth remained positive, supported by sustained buying in the midcap and smallcap segments.

The recent market surge has already factored in potential support from the RBI, making the market's reaction to Friday's outcome crucial. While the IT and banking sectors continue to drive the index higher, broader sectoral participation will be essential for extending this rally. With the Nifty reclaiming 24,700—a level targeted after the breakout above 24,350—its sustenance could pave the way for a move toward 25,100. Amid this setup, we emphasize the importance of focusing on stock selection, given the selective participation across sectors.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.