Top gainers and losers on NSE, BSE 2nd Dec 2025: Market extend fall: Banking, financial stocks lead selloff, Sensex tanks 500 pts, Nifty at 26,032

Markets Reverse Sharply, Down 0.59% as RBI Policy Outcome Looms

The Indian stock market witnessed a decline for the third consecutive session on Tuesday, with both the BSE Sensex and NSE Nifty 50 reversing sharply after reaching record highs.

Reasons Behind the Decline

• Profit-booking: Investors, particularly in heavyweight financial stocks such as HDFC Bank and ICICI Bank, took advantage of the recent gains and booked profits.
• Weak Currency: The Indian rupee continued to weaken, reaching fresh lows, and prompting investors to reduce their risk exposure.
• Tepid Foreign Flows: The decline in foreign flows further dented investor sentiment, leading to a decline in market values.

Market Performance

The BSE Sensex fell by 503.63 points (0.59%) to close at 85,138.27, while the NSE Nifty 50 declined by 143.55 points (0.55%) to settle at 26,032.20.

Sectoral Performance

• Private Banks and Financial Services: These sectors led the decline, with most other sectors also closing in the negative territory.

Expert Insights

According to Abhinav Tiwari, Research Analyst at Bonanza, the markets may remain range-bound as investors await the RBI's monetary policy decision later this week.

Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, noted that FIIs have offloaded equities worth ₹1,171.31 crore on Monday, while DIIs bought stocks worth ₹2,558.93 crore.

Vinod Nair, Head of Research, Geojit Investments, attributed the decline to the NSE's sectoral index overhaul in line with SEBI regulations, leading to corrections in major banking counters.

Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, stressed that the markets may remain in consolidation mode, with investors tracking comments from the US Federal Reserve and JOLTS jobs data.

Top Gainers and Losers

• Gainers: Asian Paints, Dr Reddy’s Laboratories, Maruti Suzuki, Bharti Airtel, and Trent emerged as top gainers of Nifty 50.
• Losers: InterGlobe Aviation, ICICI Bank, Reliance Industries, HDFC Bank, and Axis Bank dragged the most.

Market Breadth

The market breadth remained weak, with 4,316 stocks traded on the BSE, of which 1,586 shares advanced, while a larger 2,563 declined and 167 were unchanged.

Global Markets

Asian markets, except Shanghai's SSE Composite index, settled in positive territory, while US markets ended lower on Monday.

Upcoming Events

Investors will track comments from the US Federal Reserve and JOLTS jobs data today, followed by US non-farm payrolls and India's Services PMI tomorrow.