Stock Market News Live Updates: Indian equity benchmarks turned flat on Monday, December 1, after scaling fresh record highs in early trade, even as Q2FY26 gross domestic product (GDP) growth surged to a six-quarter high of 8.2%.
At 1 PM, BSE Sensex was at 85,651.37, down 55.3 points or 0.06 per cent and NSE Nifty50 was at 26,184.85, down 18.1 points or -0.07 per cent. Sensex hit record high at 86,159 in opening deals and Nifty at 26,325.8.
On the Sensex, stocks such as Adani Ports, Bharat Electronics, State Bank of India, Tata Motors Passenger Vehicles, Tata Steel, Larsen & Toubro, Trent, HCL Tech, Infosys, Reliance Industries, Mahindra & Mahindra, NTPC and Sun Pharma were among the top gainers, rising up to 1.3%.
On the downside, ITC, Bajaj Finance and Titan Company were the only stocks in the red, falling up to 1.13%.
In the broader market, the Nifty Midcap index gained 0.18%, while the Nifty Smallcap index rose 0.38%.
Among sectors, the Nifty Bank index hit a historic milestone by crossing the 60,000 mark for the first time. The index rose 0.5% to touch a fresh record high of 60,114.05.
Meanwhile, the Nifty Metal and Nifty PSU Bank indices advanced 0.8% each.
Global cues
Asia-Pacific markets were mostly lower on Monday as traders assessed fresh Chinese manufacturing data and increasingly priced in the likelihood of a US Federal Reserve rate cut later this month.
According to the CME FedWatch Tool, markets are now assigning an 87.4 per cent probability to a rate cut at the Fed’s December 10 meeting.
China’s factory activity unexpectedly slipped back into contraction in November, with the RatingDog China General Manufacturing PMI by S&P Global easing to 49.9, below expectations of 50.5, as weak domestic demand persisted.
Japan’s Nikkei 225 slipped 1.6 per cent, while the broader Topix declined 0.86 per cent. In South Korea, the Kospi dropped 0.30 per cent and Australia’s S&P/ASX 200 was down 0.31 per cent.
US stock futures were steady in early Asian trade after a positive week on Wall Street. On Friday, in a shortened post-Thanksgiving session, the Nasdaq Composite climbed 0.65 per cent to 23,365.69, its fifth consecutive day of gains.
The S&P 500 rose 0.54 per cent to 6,849.09, while the Dow Jones Industrial Average added 289.30 points, or 0.61 per cent, to close at 47,716.42.