Nifty 50, Sensex today: What to expect from Indian stock mar...
02 Dec 2025
The Indian stock markets closed nearly unchanged on Monday, with the Sensex declining by 64 points to reach 85,642, while the Nifty 50 decreased by 27 points to settle at 26,176.
The markets had a strong opening following robust Q2 GDP figures, but the upward momentum diminished as investors began to take profits near record highs. The positive sentiment was supported by strong domestic demand, particularly in the automotive sector.
According to Abhinav Tiwari, a Research Analyst at Bonanza, the market is likely to remain cautious and range-bound moving forward as all eyes are on the RBI Monetary Policy Committee meeting set for December 3 - 5.
Expectations are for a 25 bps rate cut to 5.25% due to decreasing inflation. "Until there is more clarity on the RBI's position regarding interest rates and liquidity, volatility may persist, especially in banking, real estate, and automotive stocks, which are more affected by shifts in interest rates," said Tiwari.
As per Vatsal Bhuva, Technical Analyst at LKP Securities, Nifty 50 concluded Monday's session with a bearish candlestick, marking the third consecutive day of weak performance and indicating ongoing consolidation at elevated levels accompanied by selling pressure.
"Furthermore, call writing observed at 26,200 and 26,300 implies that the index might experience sideways movement in the short term with a slight bearish sentiment. The immediate support is identified at 26,100, with resistance observed at 26,300, whereas positional support is noted at 26,000 levels," said Bhuva.
Bagadia recommends buying City Union Bank shares at ₹283, with a stop-loss at ₹273, and a share price target of ₹303.
According to Bagadia, City Union Bank share price was trading at 283, maintaining a strong upward trajectory, supported by consistent higher price action and steady buying interest. After retesting its previous all-time high zone, the stock has once again surged to register a fresh all-time high of 284, indicating strong market confidence and renewed bullish sentiment.
Bagadia recommends buying Paytm shares at ₹1,368, with a stop-loss at ₹1,320, and a share price target of ₹1,465.
According to Bagadia, Paytm share price was trading at 1,368, maintaining a strong upward trajectory. The stock has consistently formed higher highs and higher lows, reflecting sustained bullish momentum. It recently reached a 52-week high of 1,371. A breakout above this level could further accelerate buying interest.
Ganesh Dongre recommends buying Gail shares at ₹175 with a stop-loss at ₹170, with a Gail share price target of ₹183.
According to Dongre, the stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹175 and has established a solid support base at ₹170.
Ganesh Dongre recommends buying CG Power shares at ₹670 with a stop-loss at ₹655, with a CG Power share price target of ₹690.
According to Dongre, the stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹670 and maintaining a strong support at ₹655.
Ganesh Dongre recommends buying Power Grid shares at ₹270 with a stop-loss at ₹260, with a Power Grid share price target of ₹288.
According to Dongre, the stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹270 and maintaining a strong support at ₹260.
Shiju Koothupalakkal recommends buying Indian Bank shares at ₹887 with a target price of ₹935 and a stop-loss of ₹865.
According to Koothupalakkal, the stock has been maintaining a strong uptrend and currently after a short breather taken near the 890 zone has once again indicated signs of revival taking support near the 850 level and has regained strength to anticipate for another fresh round of upward move in the coming sessions.
Shiju Koothupalakkal recommends buying MRPL shares at ₹161.95 with a target price of ₹172 and a stop-loss of ₹158.
According to Koothupalakkal, the stock has indicated a higher bottom formation pattern on the daily chart taking support near the important 50EMA at 157 level and has witnessed a pullback to improve the bias anticipating for further rise in the coming days.
Shiju Koothupalakkal recommends buying Natco Pharma shares at ₹903 with a target price of ₹950 and a stop-loss of ₹880.
According to Koothupalakkal, the stock has witnessed a significant pullback from the bottom made near the 795 zone and recently has started picking up with huge volume participation visible moving past the important 200 period MA at 874 level to improve the bias and can expect for further rise in the coming days.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
