The RBI’s decision to implement a 25-basis-point rate cut, coupled with its strategy to infuse Rs 1.45 lakh crore into the market via bond purchases and dollar–rupee swaps, positively influenced market sentiment, resulting in substantial gains for the indices on Friday, December 5. The Sensex continued its upward trajectory, closing 447 points higher at 85,712.37, reflecting a gain of 0.52%. Meanwhile, the Nifty 50 increased by 153 points, or 0.59%, to end at 26,186.45. The BSE Midcap index increased by 0.21%, while the Smallcap index decreased by 0.67%.
On Friday, “markets experienced significant fluctuations but ultimately closed with an increase of more than half a percent. The initial sentiment was cautious; however, the strength in major stocks across various sectors enhanced the overall tone as the day advanced. The Nifty concluded the session close to its peak for the day at 26,186.45, reflecting an increase of 0.59%. Sector-wise, the majority of indices played a role in the upward movement, with banking, financials, and IT sectors driving the increases. The overall market exhibited a varied performance, as the Midcap index increased by 0.45%, whereas the Smallcap index experienced a decline of over 0.5%. The outcome of the RBI Monetary Policy Committee acted as the primary driver for the rebound. The committee has decided to reduce the repo rate by 25 basis points to 5.25%, uphold a neutral stance, increase the FY26 GDP forecast to 7.3%, and decrease the CPI inflation projection to 2%. This announcement prompted renewed interest in rate-sensitive financials and NBFCs, mitigating the effects of mixed global signals,” stated Ajit Mishra.
Equities to Monitor :
- CEAT has sanctioned the issuance of unsecured NCDs totalling up to Rs 250 crore and has also given the green light for an investment of IDR 3,800 million in its Indonesian subsidiary, PT CEAT Tyres Indonesia.
- Biocon has disclosed that its subsidiary, Biocon Pharma, has received tentative approval from the US FDA for its abbreviated new drug application (ANDA) concerning carbidopa and levodopa extended-release capsules.
- Cochin Shipyard has secured a significant shipbuilding contract with Denmark’s Svitzer to produce four fully electric TRAnsverse 2600E tugs, with the possibility of constructing an additional four later on.
- Dynamite Technologies has entered into a strategic agreement with Dassault Aviation to manufacture and assemble the complete rear fuselage for Dassault’s latest business jet, the Falcon 6X.
- Life Insurance Corporation of India – The Government of India has designated Shalini Pandit, Joint Secretary in the Department of Financial Services, Ministry of Finance, as the Government Nominee Director on the Board of LIC. She assumes the position previously held by Parshant Kumar Goyal, who also serves as a Joint Secretary in the same department, effective immediately.
- ONGC – The board has approved the reappointment of Arun Kumar Singh as Chairman and CEO, effective December 7, 2025, securing ongoing leadership at the state-owned energy firm.
- Lenskart stock is set to attract attention on Monday as the one-month shareholder lock-in period concludes on December 8.
- Ola Electric has initiated extensive deliveries of its vehicles featuring the new 4,680 Bharat Cell. The S1 Pro+ (5.2 kWh) represents the inaugural application of the domestically developed 4,680 Bharat Cell battery pack, delivering superior range, enhanced performance, and increased safety features.
- RailTel has obtained an international contract worth Rs 14.4 crore from the Ministry of External Affairs for the provision of 2,000 AI-powered laptops.
- Dabur India has obtained an observation letter from NSE indicating it has “no objection” to the proposed Scheme of Amalgamation, which involves the merger of Sesa Care with Dabur India, including the participation of their respective shareholders and creditors.
- InterGlobe Aviation Shares are expected to remain in focus on Monday, December 8, following the cancellation of over 650 flights by the country’s largest airline on Sunday. In the interim, operations that had been disrupted were gradually returning to stability, evidenced by a decline in cancellations. Additionally, over ?610 crore in ticket refunds were processed for passengers impacted by the disruptions, as reported. IndiGo is set to conduct a “root cause analysis” regarding the ongoing flight disruptions that have persisted for six consecutive days. Minister of State for Civil Aviation Murlidhar Mohol acknowledged that passengers have faced mental harassment and distress as a result of the operational crisis and assured that measures are being implemented to ensure accountability is established.
- State Bank of India Chairman C S Setty, announced that the bank’s mortgage loan portfolio surpassed Rs 9 lakh crore last month. He expressed confidence that the momentum in the RAM segment will contribute to an overall credit growth of 14% in the current fiscal year. The Retail, Agriculture and MSME (RAM) segment, representing 67% of the total loan portfolio, has surpassed the Rs 25 lakh crore milestone as of September. SBI has revised its credit growth target for the current financial year, increasing it from 12% to 14% in light of the enhanced economic growth. “We have raised our expectations regarding credit growth.” The revision has been made from 12% to 14%. The data indicates strong credit growth, especially within the RAM segment, with MSME experiencing nearly 17-18% growth, while agriculture and retail sectors are around 14%,” he stated in an interview.
- Bank of Maharashtra declared a 25 basis point decrease in interest rates for retail loans, which encompasses home, car, education, and other loans associated with the Repo Linked Lending Rate (RLLR), aligning with the recent RBI rate cut. The bank has announced that, effective Saturday, its home loan interest rate begins at 7.10%, while the car loan rate starts at 7.45%. These rates are among the most competitive in the banking sector, according to a statement from BoM. The Reserve Bank of India (RBI) on Friday reduced the repurchase, or repo rate, by 25 basis points to 5.25% while maintaining a neutral stance, allowing for potential future rate reductions.
- NALCO is set to commence operations at its Pottangi bauxite mines in Odisha by June next year, as the company seeks to enhance its mining capacity in alignment with its objective of expanding its integrated aluminium business. Dilip Buildcon Ltd has been identified as the lowest bidder for the development and operation of the Pottangi bauxite mines. “…our target is June next year when we will commence operations at the mines,” stated Brijendra Pratap Singh. The organisation plans to increase its alumina production capacity at the Damanjodi refinery located in the Koraput district of Odisha.
- Patanjali Foods has entered into a Memorandum of Understanding (MoU) with the Russian government, paving the way for its entry into the market. The memorandum of understanding seeks to enhance health and wellness, foster health tourism, facilitate the exchange of skilled human resources, and support research-related initiatives, according to a statement. The Memorandum of Understanding was executed here by Ramdev representing the Patanjali Group and Sergey Cheremin, who serves as the Chairman of the Indo-Russia Business Council and the Minister of Commerce of Russia. The Patanjali Group, established by Baba Ramdev and Acharya Balkrishna, is an Indian conglomerate recognised for its Ayurvedic and FMCG offerings, which include Patanjali Ayurved and Patanjali Foods (previously known as Ruchi Soya).