The market trend remained positive. On the National Stock Exchange (NSE), 1,851 stocks were trading in the green, while 409 stocks were in the red. Experts said the market is resilient amid the challenges, so people would be advised to stay invested.
“Signals from the market are a bit ambiguous. It has ignored the sharp slowdown in Q2 GDP growth. It is resilient despite massive FII selling. There are many potential headlines from Trump’s presidency. Nifty Trading With the financials increasing by 20 times the estimated revenue for FY26,” he explained.
In this context, investors should adopt a prudent investment strategy with asset allocation as the core principle. “As the market has been resilient amid challenges, it makes sense to stay invested,” he added.
Nifty Bank was up 127.60 points or 0.24 percent at 52,823.35. The Nifty Midcap 100 index was trading at 57,797.45, up 288.45 points or 0.50 per cent. The Nifty Small Cap 100 index was up 158.45 points or 0.83 per cent at 19,162.
Among the Sensex pack, NTPC, Tech Mahindra, L&T, ITC, TCS, Infosys, Indus Bank, M&M and HCL Tech were the top gainers. Bharti Airtel, Reliance, ICICI Bank, Ultra Tech Cement and Hindustan Unilever were the top losers.
In Asian markets, Seoul, Bangkok and China were trading in the red, while Japan, Hong Kong and Jakarta were trading in the green. In US stock markets, the S&P 500 and Nasdaq Composite closed up 0.05 percent and 0.40 percent, respectively. The Dow Jones Industrial Average ended the previous trading day down 0.17%.
Foreign institutional investors (FIIs) bought equity worth Rs 3,664 crore in the Indian market on December 3, while domestic institutional investors sold equity worth Rs 250 crore on the same day.