Nifty tad below 22,700 level; consumer durables shares jump for 2nd day

The key equity benchmarks traded with moderate losses in mid-afternoon trade as persistent concerns over elevated crude oil prices, weakness in heavyweight stocks and mixed corporate earnings continued to weigh on investor sentiment. Cautious positioning ahead of the US Federal Reserve?s monetary policy decision further dampened risk appetite, with investors awaiting clarity on the central bank?s interest rate outlook and its potential implications for global financial markets. The Nifty traded below the 22,700 level.

Consumer durables shares witnessed buying demand for second consecutive trading sessions.

At 14:20 IST, the S&P BSE Sensex declined 54.80 points or 0.24% to 73,284.26. The Nifty 50 index fell 53.95 points or 0.23% to 22,698.75.

The broader market outperformed the frontline indices. The Nifty MidCap 150 Index rose 0.07% and the Nifty SmallCap 250 Index added 0.24%.

The market breadth was positive. On the BSE, 1,860 shares rose and 1,632 shares fell. A total of 117 shares were unchanged.

Buzzing index :

The Nifty Consumer Durables index jumped 1.74% to 34,850.85. The index rose 2.95% in the two consecutive trading sessions.

PG Electroplast (up 7.46%), Voltas (up 6.96%), Blue Star (up 5.45%), Amber Enterprises India (up 3.76%) and Crompton Greaves Consumer Electricals (up 3.15%), Kalyan Jewellers India (up 2.41%), Havells India (up 2.05%), Dixon Technologies (India) (up 1.95%), LG Electronics India (up 0.85%) surged.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 0.38% to 7.463 compared with previous session close of 7.482.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.1825 compared with its close of 95.0750 during the previous trading session.

MCX Gold futures for the 4 December 2026 settlement rose 0.03% to Rs 1,44,200.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 102.38.

The United States 10-year bond yield advanced 0.42% to 5.007.

In the commodities market, Brent crude for the December 2026 settlement advanced $2.02 or 1.77% to $115.90 a barrel.

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