Following four consecutive sessions of declines, the Sensex and Nifty 50 recorded modest gains on Thursday, 4 December. The Sensex increased by 159 points (0.19%), closing at 85,265.32, while the Nifty 50 rose by 48 points (0.18%), ending at 26,033.75. Despite this rebound in the headline indices, broader markets remained under selling pressure. The BSE Midcap index experienced a decrease of 0.19%, while the Smallcap index saw a decline of 0.32%.
“Markets exhibited volatility yet concluded slightly positive, taking a moment to recover after recent downturns. After a neutral opening, the Nifty advanced in early trading; however, profit-taking in major stocks diminished most of the gains as the day unfolded, resulting in fluctuating movements throughout the session. Ultimately, the index closed at 26,033.75. Sector performance varied. IT remained robust, buoyed by a rebound in real estate and FMCG, while energy and banking sectors finished on a weaker note. The broader market mirrored this mixed outlook—midcaps closed flat, while smallcaps experienced a slight decline,” stated Ajit Mishra.
Equities to Monitor :
- Hindustan Unilever shares are set to attract attention today as the company’s long-anticipated ice-cream business demerger approaches its final stage. December 5 has been established as the record date to determine shareholders eligible to receive shares of the newly formed Kwality Wall’s (India).
- HCL Technologies has formed a partnership with Strategy& to enhance large-scale data analytics through AI-driven solutions.
- IndiGo – The Directorate General of Civil Aviation (DGCA) is anticipated to provide IndiGo with a partial exemption from the newly implemented pilot rest and duty regulations following the airline’s recent operational disruptions, resulting in the cancellation of over a thousand flights in the near future.
- ITC Hotels – British American Tobacco (BAT) disclosed in a media statement on Thursday its plan to divest between 7% and 15.3% of its stake.
- Tata Power has announced a temporary closure of its Mundra facility, with an anticipated resumption of operations by December 31.
- Aditya Birla Sun Life AMC has officially established a wholly owned subsidiary, Aditya Birla Sun Life AMC International (IFSC) Ltd, located in GIFT City, Gandhinagar.
- RailTel – The railway PSU has disclosed that it has secured a Rs 63.92-crore contract from the CPWD for the design and establishment of an ICT network. The project encompasses SITC along with five years of operations and maintenance support, with a completion date set for May 12, 2031.
- Deepak Nitrate has initiated operations at its newly established nitric acid facility located in Vadodara, Gujarat.
- Zen Technologies has disclosed that it has secured defence contracts totaling Rs 120 crore from the Ministry of Defence for the provision of various training simulators, which includes its Comprehensive Training Node (CTN).
- Diamond Power Infrastructure has successfully obtained a Rs 748-crore contract from Adani Green Energy for the provision of solar cables. The project timeline is set for execution from January to December 2026.