Barometers trade with small gains; financial services shares rally

The domestic equity indices traded with minor gains in the mid- afternoon trade. The Nifty traded above the 25,900 level. Financial services share extended gains for second consecutive trading session.

At 14:30 IST, the barometer index, the S&P BSE Sensex, added 55.58 points or 0.07% to 84,522.09. The Nifty 50 index gained 42.20 points or 0.16% to 25,918.

In the broader market, the S&P BSE Mid-Cap index fell 0.11% and the S&P BSE Small-Cap index shed 0.04%.

The market breadth was negative. On the BSE, 1,904 shares rose and 2,231 shares fell. A total of 189 shares were unchanged.

Buzzing Index:

The Nifty Financial Services index rose 0.31% to 27,422.60. The index added 0.51% in the two consecutive trading session.

ICICI Bank Ltd (up 2.07%), Muthoot Finance Ltd (up 1.93%), Bajaj Finserv Ltd (up 1.02%), SBI Cards & Payment Services Ltd (up 0.99%) and Jio Financial Services Ltd (up 0.47%) were the top gainers. Among the other gainers were ICICI Lombard General Insurance Company Ltd (up 0.38%), Axis Bank Ltd (up 0.21%).

On the other hand, Shriram Finance Ltd (down 0.92%), LIC Housing Finance Ltd (down 0.82%) and Kotak Mahindra Bank Ltd (down 0.57%) moved lower.

Numbers to Track:

The yield on India's 10-year benchmark federal paper was up 0.40% to 6.509 as compared with previous close 6.506.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 88.6825 compared with its close of 88.6250 during the previous trading session.

MCX Gold futures for 5 December 2025 settlement rose 0.94% to Rs 127,660.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.15% to 99.32.

The United States 10-year bond yield fell 0.05% to 4.065.

In the commodities market, Brent crude for January 2025 settlement shed 18 cents or 0.29% to $62.53 a barrel.

Stocks in Spotlight:

Cohance Lifesciences declined 6.71% after the company?s consolidated tumbled 46.5% to Rs 74.08 crore on 8% fall in revenue from operations to Rs 555.57 crore in Q2 FY26 over Q2 FY25.

H.G. Infra Engineering slipped 2.73% after the company reported a 35.77% decline in consolidated net profit to Rs 51.84 crore on a 1.31% increase in revenue from operations to Rs 917.98 crore in Q2 FY26 over Q2 FY25.

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