Stock recommendations for 8 December from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: A 25-basis-point rate cut by the Reserve Bank of India (RBI) and the central bank's proposal for a ₹1.45 trillion liquidity infusion through bond purchases and dollar-rupee swaps boosted domestic market sentiment, helping the benchmarks end with decent gains on Friday, 5 December. Extending gains to the second consecutive session, the Sensex ended the day with a healthy gain of 447 points, or 0.52%, at 85,712.37, while the Nifty 50 settled at 26,186.45, up 153 points, or 0.59%.
The BSE Midcap index ended with a modest gain of 0.21% but the Smallcap index fell 0.67%. Gains in large and mid-caps lifted the overall market capitalisation of BSE-listed firms to nearly ₹471 trillion, making investors richer by about ₹1 lakh crore in a session. Indian equities ended strong on 5 December, with the Nifty 50 closing at 26,186.45, up 0.59% (+152.70 points), supported by strength in Financials, Autos, and IT.
The index held above 26,000 through the session, with intraday moves staying within the 25,985-26,203 band, indicating steady buying interest despite broader market softness. On the sectoral, Nifty Financial Services, PSU Banks, Private Banks, Auto, and IT outperformed, reflecting rotational flows into rate-sensitive and cyclicals, while FMCG, Pharma, and Media were modest laggards. Notably, financials led gains with strong traction in large lenders, supported by stable macro cues and firm bond markets.
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