Nifty Ended 27 Points Lower
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 1 December 2025: Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ended 27 points lower, while the Sensex was down by 65 points. Among sectors, the Digital index rallied 0.85 percent, whereas the Reality index lost the most, shedding 1 percent. Technically, after a gap-up open, the market consistently faced selling pressure at higher levels. From the day's highest level, the market corrected nearly 200/600 points. On daily charts, it has formed a bearish candle, indicating further weakness. However, the short-term market sentiment remains positive.
We believe that intraday market formation is range-bound, and this range-bound activity is likely to continue in the near future. For day traders, 26,100/85500 and 26,000/85000 remain key support zones, while 26,300–26,350/86000-86200 would act as crucial resistance areas for the bulls. However, below 26,000/85000, the uptrend could become vulnerable.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds
The domestic market slipped from record highs by midday as investors booked profits amid weak global cues, uncertainty over the interest-rate outlook, and a sharp drop in the rupee. After touching fresh peaks in early trade, both the Sensex and Nifty quickly retreated, surrendering most of their morning gains. Pressure from heavyweights such as Titan, Bajaj Finance, and Sun Pharma weighed on sentiment, though Kotak Mahindra Bank and Adani Ports provided some support.
Expectations of a near-term RBI rate cut faded following the robust growth print, pushing bond yields higher and reducing hopes of monetary easing. Weak global cues further added to the caution. GST collections also softened to Rs1.7 trillion, down from Rs1.96 trillion last month and Rs1.82 trillion year-on-year, signalling lower collection which was anticipated due to GST 2.0
