Indian equities slipped for the second consecutive session on Tuesday, December 2, as investors booked profits at higher levels while persistent foreign fund outflows and a softening rupee weighed on sentiment.
The BSE Sensex fell 504 points (0.59%) to 85,138, and the Nifty 50 declined 144 points (0.55%) to 26,032, closing near the day’s low. The selloff erased nearly ₹1.82 lakh crore in market value, bringing the total market capitalisation of BSE-listed companies down to ₹472.59 lakh crore.
Market participants are now closely watching the RBI’s three-day monetary policy meeting, which begins on Wednesday, with the policy decision slated for December 5.
Ajit Mishra, SVP – Research at Religare Broking, noted that the indices continued their consolidation phase amid a weak global setup. “After a subdued start, the Nifty drifted gradually throughout the session and ended with a decline of around 0.43%. Banking, financials, and metal stocks were among the major drags, while midcap and smallcap indices also closed in negative territory,” he said.
According to him, a sharper-than-expected contraction in industrial output, rupee pressure, and caution ahead of policy decisions from the US Federal Reserve and the RBI kept investors on edge. Global markets also offered limited support, with US equities retreating on higher treasury yields and Asian peers posting only modest gains.
Stocks in Focus
IRFC
Indian Railway Finance Corporation said it has signed a loan agreement with Sumitomo Mitsui Banking Corporation’s GIFT City branch to raise ¥300 million (about $300 million) through external commercial borrowing.
IndiGo
InterGlobe Aviation reported receiving a tax penalty order of ₹117.52 crore related to input tax credit. The airline said it will challenge the order issued by the Central GST authorities in Kochi.
India Cements
Subsidiaries of India Cements — PT Coromandel Minerals Resources (Indonesia) and Raasi Minerals Pte Ltd (Singapore) — have entered into an agreement to sell their entire stake in PT Adcoal Energindo for IDR 10 billion (approximately ₹5.4 crore).
Hindustan Copper
The state-owned miner signed an MoU with NTPC Mining Ltd to collaborate on the development of copper and other critical minerals.
Canara Bank
Canara Bank announced raising ₹3,500 crore via 7.55% Basel III-compliant Additional Tier I bonds, including a fully subscribed green shoe option of ₹2,500 crore.
KPI Green Energy
KPI Green bagged an EPC contract from Gujarat State Electricity Corporation Ltd (GSECL) to develop a floating solar project of 142 MW (DC) / 110 MW (AC) at the Kadana Dam in Gujarat’s Mahisagar district.
Motilal Oswal Financial Services
The company’s Finance Committee approved raising up to ₹300 crore through the issuance of 30,000 secured, rated, listed senior non-convertible debentures of ₹1 lakh each.
CEAT
CEAT’s Finance and Banking Committee will meet on December 5, 2025, to consider issuing non-convertible debentures through a private placement.
Maruti Suzuki
India’s largest automaker expanded its EV portfolio by unveiling its first electric SUV, the e-Vitara, marking its major push into the domestic electric vehicle market.
Bikaji Foods International
Bikaji infused an additional $250,000 into its US subsidiary by subscribing to 25,000 common shares at $10 apiece on December 2.
