Sensex, Nifty Dip as Banks Retreat; Midcaps Stable, VIX Eases | 2 December 2025, 10:36 AM IST
Markets slipped on December 2 as banking stocks gave up recent gains, pulling Sensex and Nifty lower. Midcaps held steady while volatility eased, reflecting investor caution amid mixed global cues.
Indian equity benchmarks slipped on December 2 with Sensex down 296.14 points at 85,345.76 and Nifty 50 easing 87.25 points to 26,088.50. Banking stocks retreated amid profit booking, dragging Nifty Bank down 0.21%, while midcaps and smallcaps remained mostly steady with marginal gains. IT sector was flat. India VIX declined 2.24% to 11.37, indicating reduced market volatility amidst cautious global cues and investors digesting recent US Federal Reserve comments and upcoming macro data.
Snapshot – 10:36 AM IST, 2 December 2025
| Index | Price | Change | % Chg |
|---|---|---|---|
| SENSEX | 85,345.76 | -296.14 | -0.35 |
| NIFTY 50 | 26,088.50 | -87.25 | -0.33 |
| NIFTY BANK | 59,555.75 | -125.60 | -0.21 |
| NIFTY IT | 37,529.20 | -20.50 | -0.05 |
| India VIX | 11.37 | -0.26 | -2.24 |
| NIFTY Midcap 100 | 61,051.55 | 8.15 | 0.01 |
| NIFTY Smallcap 100 | 17,839.95 | -34.75 | -0.19 |
Latest News & Trends
- Banks faced profit booking pressure post recent rally; midcaps and smallcaps steady as investors reposition ahead of key earnings.
- IT sector remained resilient but subdued amid mixed global tech cues and profit booking in other sectors.
- India VIX dipped below 11.4 as volatility eased on soft US inflation data and restrained global cues.
- Traders focused on November inflation, factory output, and foreign fund flows in a cautious market environment.
- Select stocks: Ashok Leyland and HCL Technologies among top buys per analyst recommendations.
Predictions & Watch Outs
- Nifty critical support near 25,900; resistance zone between 26,200 and 26,400.
- Favor midcaps and value plays with defensive bias amid global uncertainty.
- Trade strategy: Use dips for quality stocks accumulation and monitor volatility and fund inflows for directional cues.
