The BSE Sensex inched up 39 points (0.05%) to close at 83,978.49, while the NSE Nifty50 added 41.25 points (0.16%) to end at 25,763.35.
The broader markets outperformed — the Nifty Midcap 100 gained 0.77%, and the Nifty Smallcap 100 rose 0.72%, showing steady interest in mid- and small-cap counters despite the choppy headline indices.
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Impact on the stock market
Sector-wise performance
Sector-wise, Nifty Realty was the day’s star, surging 2.23%, driven by strong Q2 numbers from developers and upbeat brokerage calls. The Nifty PSU Bank index followed with a 1.92% jump, supported by buying in SBI and other state-run lenders.
Pharma stocks also gained 1.2%, while Nifty Consumer Durables (−0.29%), IT (−0.17%), and FMCG (−0.10%) saw minor declines as traders booked profits after last week’s volatility.
| Sector/Index | Performance |
| IT & BPM sector | -0.17% |
| Healthcare sector | 0.97% |
| Oil & Gas sector | 0.79% |
| Real estate sector | 2.23% |
| PSU Bank in India | 1.92%) |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Shriram Finance | 796.45 | 6.35 |
| TATA Cons. Prod | 1,197.50 | 2.79 |
| Apollo Hospital | 7,824.50 | 1.87 |
| M&M | 3,548.90 | 1.77 |
| TMPV | 417.00 | 1.71 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Maruti Suzuki | 15,651.00 | -3.31 |
| ITC | 413.95 | -1.52 |
| TCS | 3,016.80 | -1.35 |
| Larsen | 3,980.50 | -1.25 |
| JSW Steel | 1,195.00 | -0.91 |
Market aftermath: Impact on stocks
Tata Consumer Products delivers double-digit growth in Q2
Tata Consumer Products Ltd (TCPL) reported a 10.7% YoY rise in consolidated net profit to ₹406.5 crore in Q2 FY26, backed by a solid 17.8% revenue growth to ₹4,965.9 crore.
The company’s India business, which contributes a major chunk of its revenue, grew 17.6% YoY to ₹3,122 crore, with double-digit growth in both tea and salt. Its ready-to-drink (RTD) and Tata Sampann segments also continued their strong momentum.
Globally, TCPL’s international branded business rose 15.4%, while its non-branded segment (plantation and extraction) jumped 27%.
CEO Sunil D’Souza highlighted that TCPL has now achieved two consecutive quarters of double-digit growth in its core business. Despite short-term GST transition challenges, the company continues to strengthen its portfolio through new product launches.
Shares of TCPL closed 1.82% higher at ₹1,186.25, extending their steady uptrend.
IIFL Finance hits record high; Arvind Fashions and Wockhardt jump on Q2 boost
It was a strong day for Q2 result plays — IIFL Finance, Arvind Fashions, and Wockhardt all rallied sharply on the back of improved earnings.
- IIFL Finance hit a record high of ₹559.75, gaining nearly 5%, after posting a net profit of ₹376 crore in Q2 FY26, compared with a loss of ₹158 crore last year. Revenue surged 29% YoY to ₹3,305 crore.
- Arvind Fashions soared 10% to ₹550.9, buoyed by a 27% YoY profit rise to ₹37.5 crore and 11% revenue growth to ₹1,417 crore.
- Wockhardt jumped 11% to ₹1,433.80, as the pharma firm swung to a ₹78 crore profit in Q2 FY26, from a ₹22 crore loss a year earlier.
These Q2-driven rallies showcased how mid-cap and sector-specific names are dominating investor attention even amid broader market uncertainty.
Realty stocks extend rally; Phoenix Mills, DLF, Lodha lead
Real estate shares continued their winning streak, rising up to 4%, driven by positive earnings and strong demand in the luxury segment.
- Phoenix Mills gained 4% to ₹1,750, after reporting a 40% YoY jump in Q2 profit and 21.5% revenue growth. Brokerages including HSBC and Jefferies reiterated ‘Buy’ ratings, citing sustained lease income growth and a solid residential pipeline.
- DLF Ltd advanced 3.4% to ₹782, buoyed by record pre-sales of ₹15,818 crore in its ultra-luxury project ‘The Dahlias’ at Gurugram. The project has sold 221 units worth ₹16,000 crore, marking one of India’s largest residential sales in recent years.
- Lodha Developers (Macrotech) climbed nearly 3%, after brokerages such as Nomura and Morgan Stanley raised their outlook, forecasting 20% CAGR in pre-sales driven by a robust land bank and strong demand in Mumbai’s premium housing market.
The Nifty Realty Index surged 2.6%, reflecting optimism around sustained housing demand, policy support, and positive brokerage commentary.
Crude oil stays weak as Russia sanctions impact fades
Global crude oil prices continued to soften as markets priced in minimal disruption from US sanctions on Russian oil.
- Brent (January) was at $63.97, down 0.62%.
- WTI (December) fell 0.68% to $60.16.
- On India’s MCX, November crude oil traded at ₹5,346 (−0.83%).
Analysts from ING Think noted that the Trump–Xi meeting reinforced expectations that China’s Russian oil imports (~2 million barrels/day) will remain steady, preventing a supply shock.
With OPEC+ likely to increase production by 137,000 barrels/day in December, the market is tilting toward a bearish 2026 outlook, with surplus supply looming.
Meanwhile, natural gas futures rose 3.4% to ₹360.40, while castorseed gained marginally 0.18%, and guargum slipped 0.39% on the NCDEX.
Conclusion
Indian markets ended a choppy Monday session slightly in the green, breaking a two-day losing streak. Gains in real estate, PSU banks, and mid-caps outweighed mild weakness in FMCG and IT.
The day’s highlight was a string of strong Q2 earnings — from Tata Consumer Products’ double-digit growth to IIFL Finance’s record high and Wockhardt’s turnaround. Real estate remained a bright spot, reflecting both developer confidence and investor appetite for premium housing.
On the global front, oil prices softened further, easing inflation concerns but signalling global demand moderation.
Overall, the market seems to be catching its breath — shifting focus from global cues to domestic earnings momentum. For now, the message is clear: it’s a stock-picker’s market, not a sector chaser’s one.
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