Closing Bell 3rd December: Nifty 50 down by 0.18% and Sensex by 0.04%

On Wednesday, Dalal Street ended the day trading in the red. Nifty 50 opened at 26,004.90, reaching a high of 26,066.45, and closing at 25,986.00, down by 0.18%. Similarly, the BSE Sensex opened at 85,150.64, reached a high of 85,269.68, and ended at 85,106.81, down by 0.04%.Reasons for the negative sentimentThe markets traded in red due to several reasons:The fund outflows by Foreign investors amid cautious market sentiment.The rupee hit an all-time low of 90 against the US dollar.Major Indices Today IndicesLTPPrev closeChangeNifty 5025,986.0026,032.20-0.18%BSE Sensex85,106.8185,138.27-0.04%Next 5068,400.8569,154.45-1.09%Bank Nifty59,348.2559,273.800.13%Fin Nifty27,629.6027,565.250.23% Nifty and Sensex traded in red, dragged by Metals and Automobile stocks.Nifty Next 50 traded in the red, dragged down by Power and PSU banking stocks. The Bank Nifty traded in green, led by the gains in Private banks.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT37,825.2537,541.250.76%Nifty Auto27,643.8027,979.50-1.20%Nifty FMCG54,949.1055,390.95-0.80%Nifty Pharma22,907.8522,905.000.01%Nifty Healthcare14,828.6014,876.60-0.32%Nifty Oil & Gas11,896.3011,970.65-0.62% Nifty IT traded in green after the rupee fell to an all-time low of 90 against the U.S. dollar, which will boost revenue for export-oriented IT firms.Nifty Auto and Nifty FMCG traded in red amid broader market sentiment.Nifty Pharma traded in green after the Delhi High Court permitted Dr Reddy's Laboratories to manufacture and export the diabetes and anti-obesity drug semaglutide, and after Sun Pharma’s subsidiary, Sun Pharma Laboratories, announced plans to set up a greenfield formulations manufacturing facility in Madhya Pradesh.Nifty Oil & Gas traded in the red after a decline in global crude oil prices.Market Movers TodayIT stocks, namely Wipro and TCS, rose by 2%, and Infosys rose by 1% after the rupee crossed the 90-mark against the U.S dollar, which will benefit the IT firms as most of their revenue is generated in U.S dollars.DOMS Industries shares rose by 6% after the brokerage firm Antique initiated coverage on the stock with a ‘Buy’ rating.Tata Communications shares rose by 3% after brokerage Macquarie maintained a ‘Buy’ rating on the stock, boosting investor sentiment.PSU Banks, namely Indian Bank, dropped by 6%; Punjab National Bank by 4%, and Bank of India, Canara Bank, and Bank of Baroda by 3% after Minister of State for Finance Pankaj Chaudhary denied reports of a proposal to hike the FDI limit in PSU banks.Top Gainers Company NameLTPPrev CloseChangeVodafone Idea10.5510.134.15%Biocon410.00399.002.76%Sammaan Capital153.47150.002.31%Wipro254.69250.171.81%Tata Consultancy Services3,180.003,135.701.41% Top Losers Company NameLTPPrev CloseChangeIndian Bank812.80859.45-5.43%Hitachi Energy21,850.0022,755.00-3.98%Punjab National Bank119.80125.35-4.43%Canara Bank146.08152.03-3.91%Bank of India140.30145.73-3.73% 52W High Stocks Company NameLTP52W highChangeAsian Paints2,953.502,969.20-0.03%Vedanta532.80541.05-1.04%eClerx Services4,911.404,959.002.43%Can Fin Homes890.30932.00-1.48%Cupid368.50370.004.38% 52W Low Stocks Company NameLTP52W lowChangeTrent4,188.204,158.00-0.91%Power Finance Corporation351.95350.65-2.32%Colgate Palmolive2,101.902,098.40-2.61%Page Industries37,240.0036,785.00-0.97%SJVN75.9975.50-1.78% High Volume Stocks Today Company NameLTPPrev CloseChangeSuzlon Energy52.5953.42-1.55%GMR Airports105.35106.63-1.20%Samvardhana Motherson International116.57119.26-2.26%GAIL170.27175.00-2.70%Tata Steel166.92167.78-0.51% IPOsMeesho, Aequs, and Vidya Wires IPO opened today and will close on 5th December. Market AnnouncementsRPP Infra Projects shares rose by 8% after the company received a contract from the Office of the Superintending Engineer (Highways), Construction and Maintenance, Tiruvannamalai Circle, Tamil Nadu, worth ₹26 crore.Gujarat Pipavav Port shares rose by 3.2% after the company signed an MoU with NYK India to enhance the roll-on, roll-off (RoRo) infrastructure at Pipavav Port.References:Wipro, TCS, Infosys, other IT stocks rise up to 2% as rupee hits fresh record low: Here's whyTata Communications shares jump 3% on positive brokerage note after subsidiary buys 51% stake in AI platformIndian Bank, PNB, other PSU bank stocks fall up to 6% after FinMin clarifies no proposal to hike FDI limitApply for Upcoming IPO

Closing Bell 3rd December: Nifty 50 down by 0.18% and Sensex by 0.04%

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