

Stocks to buy: Raja Venkatraman's top picks for 8 December
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 lakh crore 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 lakh crore from ₹470 lakh crore in the previous session, making investors richer by about ₹1 lakh crore in a session. Bullish resolve is helping the Nifty sustain the strong upward drive but the trends are currently taking a breather in the recent moves.
The sudden intraday collapse is attracting some bearishness. Currently overall momentum and sentiment is buoyant but the unexpected stretch of positive vibe has begun attracting some hesitation. The absence of any news triggers has curtailed the broader indices over the last two days and has led to some stock specific action.
However, the bullish camp has managed to revive the bullish bias despite the minor hiccups. The Indian equity market ended the week of 5 December on a flat note despite heightened volatility and a sharp rally in Friday’s session, triggered by the Reserve Bank of India’s unexpected interest rate cut alongside an upward revision of the FY26 GDP forecast to 7.3% and a downward adjustment in inflation expectations. The Nifty50
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