Nifty Reclaims 26,000 as IT Leads a Tentative Rebound

Nifty 26,033.75 ▲ +0.18%
Sensex 85,265.32 ▲ +0.19%
Bank Nifty 59,288.70 ▼ -0.10%

After 4 days of slipping, the Sensex and Nifty50 finally bounced back, driven mainly by TCS, SBI Life, Tech Mahindra, and Adani Enterprises. Mid- and small-caps barely moved, the A/D ratio was still negative at 2:3, and Bank Nifty dipped slightly with a Doji that hints at indecision near the highs.

The 20-DEMA is still the level to watch for both the Sensex and Nifty, and yesterday’s lows remain important. For Bank Nifty, 58,800,along with the 20-EMA, is the key support zone.

Nifty IT was clearly the star of the day, rallying on the back of the Rupee’s weakness. LTTS climbed 3.81%, while TCS and Tech Mahindra added steady gains.

FMCG, Realty and Auto quietly supported the rebound too. Defence names also saw action: Bharat Dynamics gained 3.03% ahead of Putin’s India visit.

Media and Energy dragged, and Financials barely moved. Hindustan Copper soared 7.83% thanks to record Global copper prices, while Biocon fell over 5.28% before its Board meeting. IndiGo slipped 2.84% amid widespread flight disruptions.

TCS ▲ +1.55%

SBILIFE ▲ +1.53%

TECHM ▲ +1.34%

INDIGO ▼ -2.84%

HINDALCO ▼ -0.67%

ZOMATO ▼ -0.67%

Call writers are strongly guarding 26,100, while put writers are building support at 26,000 and 25,900. The PCR-OI is at 0.8.

What does this mean? A mildly bearish to range-bound tone. Upside may be capped near 26,100, while dips could attract support around 26,000–25,900 unless put writers start unwinding.

• India clinches a $2 billion submarine deal with Russia.

• BEML secures an order worth ₹157 crore.

• Morepen Labs receives a show-cause notice alleging an excess GST refund claim of ₹117.94 crore.

• LIC Housing Finance: ICICI Prudential MF increases its stake to 5.22%, up from 4.98%.

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Spotted: Ascending Triangle

Structure: Appears when price keeps hitting the same resistance, while the lows slowly rise beneath it, a quiet build-up of buying pressure.

Validation: The signal is simple: A clean break above that resistance, ideally with volume backing the move.

Trading Insight: When it breaks, all that contracted volatility often turns into a sharp continuation rally.

That’s a wrap for today’s action-packed session! We’ll be back in your inbox on December 05, 2025, with more sharp insights, fresh trends, and signals from the markets.