Synopsis: Sensex surged 712.17 points to close at 79,755.91, while Nifty rose 217.85 points to 24,132. Bharti Airtel (3.82%), Sun Pharma (2.87%), and Mahindra & Mahindra (2.32%) led gains. Larsen & Toubro, RIL, and JSW Steel added up to 2%. Despite recent FPI outflows of Rs. 11,756.25 crore, domestic and Chinese markets showed resilience.
The Indian stock market displayed strong gains on the first trading day of December’s F&O series.
Benchmark indices, the Sensex and Nifty, rebounded sharply after the selloff triggered by F&O expiry in the prior session.
Sensex climbed 712.17 points, closing at 79,755.91, while Nifty advanced 217.85 points to end at 24,132.
Top Gainers Lead the Charge:
Bharti Airtel led the charge with a 3.82% rise, closing at Rs. 1,620.
Sun Pharma advanced 2.87% to Rs. 1,784, and Mahindra & Mahindra surged by 2.32% to Rs. 2,963 per share.
Among other notable performers, Larsen & Toubro, Reliance Industries, and JSW Steel added up to 2%, contributing significantly to market momentum.
Market Drivers:
Despite foreign portfolio investors (FPIs) selling Rs. 11,756.25 crore worth of equities in the prior session, stocks gained as traders deemed the earlier dip unwarranted.
Analysts suggest the day’s rise was driven by robust performances in large-cap stocks across telecom, IT, and capital goods sectors.
Global and Domestic Factors:
While most Asian markets struggled, Chinese stocks saw an uptick on optimism regarding potentially softer US export restrictions.
This indirectly buoyed domestic investor confidence, as reflected in the easing of India VIX by 1.62% to 14.96.
F&O Additions to Watch:
The inclusion of 45 new stocks in the F&O segment, such as LIC, Zomato, and Adani Green Energy, further stirred interest.
"This addition will catalyze stock-specific activity in the coming weeks," noted Prashanth Tapse of Mehta Equities Ltd.
Expert Commentary:
Analysts maintain a cautiously optimistic outlook.
Sameet Chavan from Angel One highlighted critical resistance levels for Nifty at 24,150, with sustained movement above 24,400 being key for bullish sentiment.
"Investors should monitor banking stocks closely as their resilience will influence recovery trends," he added.
Meanwhile, VK Vijayakumar of Geojit Financial Services advised investors to adopt a "buy on dips" strategy with a medium to long-term perspective, particularly in financial, IT, and telecom sectors.
In conclusion, the market’s recovery demonstrates underlying strength despite external volatility.
As traders navigate heightened uncertainties, a focus on sectoral leaders and stock-specific strategies will be paramount.
The inclusion of new stocks in the F&O segment offers fresh opportunities but warrants caution amid broader market volatility.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to conduct independent research and consult financial advisors before making investment decisions.
