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Capital Investo Research

2nd Dec · SEBI-Registered Analyst

Market Summary:

The domestic equity market extended its losing streak for a third consecutive session on Tuesday, pressured by broad-based weakness across most sectors and significant selling in major index constituents. Despite the downturn, the Nifty managed to stay above the 26,000 level. The Sensex slipped 504 points to 85,138, while the Nifty retreated 144 points to 26,032, with over 35 Nifty components closing in negative territory. Sharp declines in Reliance Industries,

HDFCBANK
, and
ICICIBANK
exerted substantial pressure on the frontline indices. The Nifty Bank gauge lost 408 points, ending at 59,274, affected by index weight adjustments that pulled down
HDFCBANK
and
ICICIBANK
, even as
YESBANK
and
UNIONBANK
received weight increases. Broader markets also felt the strain, with the Midcap index easing 133 points to 60,910, while market breadth clearly favored sellers. The advance–decline ratio stood at 1:2, reflecting widespread liquidation across segments. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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