The buying interest was seen in selective auto and paint stocks
Shrikant Chouhan,
Head Equity Research,
Kotak Securities:
Mumbai, 2 December 2025: Today, the benchmark indices continued profit booking at higher levels. The Nifty ended 143 points lower, while the Sensex was down by 504 points. Among sectors, buying interest was seen in selective auto and paint stocks, whereas the capital market index lost the most, shedding over 1 percent.
Technically, after a gap-down open, the market has been consistently facing selling pressure at higher levels. On intraday charts, it has formed a lower top, and on daily charts, it has created a bearish candle, which is largely negative.
We are of the view that, intraday, the market texture is weak, but a fresh selloff is possible only if the index dismisses the 26,000/85000 level. If the market manages to trade above this level, it could bounce back to 26,100-26175/85500-85800. On the flip side, below 26,000/85000, selling pressure is likely to accelerate. If it falls below this level, the market could slip to 25,850–25,800/84500-84300.
