Show Notes: "What Moved the Market" - December 3, 2025

Market Close Summary

• Nifty 50: 25,986 (-46 points, -0.18%)

• Sensex: 85,138 (-31 points, flat)

• Bank Nifty: 59,273 (-407 points, -0.68%)

• USD/INR: 89.88 (rupee hit all-time low of 90.14 intraday)

• Overall stock market india sentiment weak ahead of RBI policy decision

• Winners: IT sector (+0.45%) - Wipro (+1.93%), TCS (+1.44%), Infosys (+1.24%)

• Losers: FMCG (-0.61%), PSU Banks (-0.35%), Auto (-0.22%)

• Profit-booking across most sectors; defensive names under pressure

• Gainers: Wipro, TCS, Infosys, ICICI Bank, Hindalco

• Losers: Max Healthcare (-2.91%), Tata Consumer Products (-2.25%), Adani Enterprises (-2.14%), Bharat Electronics (-2.03%), Shriram Finance (-1.83%)

• Nifty 50: Support at 26,000 and 25,855; Resistance at 26,135 and 26,314

• Bank Nifty: Support at 58,750 and 58,175; Resistance at 59,528 and 60,114 (all-time high)

• Intraday low: 25,891 before recovery

• RBI MPC Meeting: 3-day meeting (Dec 3-5); decision Friday on repo rate (expected hold at 5.50% vs potential 25 bps cut)

• CPI Data: Record-low inflation at 0.25% (October)

• GDP Growth: Strong 8.2% (Q2)

• SEBI F&O Reforms: Hard position limits effective Dec 6; pre-open session starts Dec 8

• Crude Oil: Brent $62.36/barrel, WTI $58.97/barrel (down on Russia-Ukraine peace talks)

• MCX Gold: ₹1,30,769/10g (+0.78%)

• MCX Silver: ₹1,84,727/kg (+1.72%) - Fresh all-time high

• Russia-Ukraine peace negotiations stalled; no breakthrough

• Uncertainty supporting safe-haven demand for gold/silver

• Weak rupee elevating import costs and commodity prices in INR terms

• Consolidation expected between 25,850-26,200 for Nifty 50

• RBI decision Friday remains major volatility trigger

• Actionable Takeaway: IT stocks attractive on dips; avoid large leveraged F&O bets; watch 26,000 support zone for buy signals

• Conservative investors should accumulate quality stocks on weakness