Indian equities weakened further in the afternoon session on December 2, 2025, with the Nifty 50 index sliding over half a percent even as a clutch of midcap counters rallied sharply. The trend highlighted persistent selling in frontline financials alongside brisk buying in select pharma, travel, and media names.
Benchmark Indices Under Pressure
The Nifty 50 was quoted at 26,042.70, down 133.05 points or 0.51%, reflecting broad-based profit booking in large caps. The index traded between a high of 26,154.60 and a low of 26,028.65, while Nifty Next 50, Nifty Financial Services, and Nifty Bank indices also remained in the red, signalling weakness across key sectors.
Deep Cuts in Top Losers
Among the worst-performing stocks, INDO-RE2 plunged 40.26%, extending its sharp slide with limited value participation. VJIJFIN, SECMARK, SHRENIK, and BAJAJHFL fell between 7.78% and 9.23%, indicating sustained selling pressure in select financial and small-cap counters. BAJAJHFL stood out with an exceptionally high traded value of ₹3,984.26 crores and volumes of over 4,151 lakh shares, pointing to heavy institutional and retail churn in the counter.
Midcaps and Thematic Plays Rally
In contrast, a group of midcap and thematic stocks posted strong gains, capping the broader market fall. TIPSFILMS and SPARC hit the 19.99% upper circuit, supported by firm buying interest, while EASEMYTRIP, SHYAMCENT, and PROSTARM advanced between 13.27% and 18.93% on robust volumes. EASEMYTRIP recorded volumes of around 2,778 lakh shares with a turnover of ₹231.16 crores, underscoring heightened activity in travel and tourism-related plays.
Conclusion: December 2, 2025
The mixed market action on December 2 underscores a clear rotation, with investors trimming exposure to large financials while selectively accumulating high-conviction midcaps. As indices consolidate near record levels, the divergence between benchmark weakness and stock-specific rallies is likely to remain a key theme for traders in the near term.
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