• Money flow index (MFI) indicates that stocks like Supreme Industries, Bajaj Housing Finance and Deepak Nitrite are in the oversold zone.

• Morepen Laboratories receives a Rs 117.9 crore show cause notice from the GST Authority for FY21-24.

• Brigade Enterprises is rising as it acquires a 4-acre land in Neopolis Phase-3 for Rs 118 crore per acre in an auction held by the Hyderabad Metropolitan Development Authority (HMDA).

• Lupin is rising as it signs a licensing agreement with US-based biosimilar specialist Valorum Biologics for the commercial launch of Armlupeg. Under the agreement, Lupin will handle manufacturing and supply for an upfront licensing fee along with royalty payments based on net sales, strengthening its US biosimilar revenue stream.

• BofA Securities expects the Nifty 50 to reach 29,000 next year, implying about 11.5% upside. The brokerage expects largecaps to outperform midcaps and smallcaps in CY26, but still sees selective opportunities in financials, IT, chemicals, jewellery, consumer durables, and hotels. It adds that risks are skewed to the upside due to potential reforms and a reversal in FII outflows, though any downside could lead to sharper corrections in small & midcap stocks.

  #MarketToday | BofA Securities sees Nifty at 29,000 in 2026; small & midcaps may correct sharply. Market outlook 2026: BofA Securities is expecting Nifty50 to hit 29,000 mark in next calendar year, offering 11.5% upside for the investors. https://t.co/YsBFxuUSBD

  — Business Today (@business_today) December 4, 2025

• BEML secures an order worth Rs 157 crore from Loram Rail Maintenance India to manufacture switch rail-grinding machines for track maintenance.

• Northern Arc Capital's Managing Director & CEO, Ashish Mehrotra, estimates its assets under management (AUM) to grow 27-30% in FY26, driven by improvements in the micro, small & medium enterprises (MSME), secured borrowers, and consumer lending segments. He also expects the company to deliver a net interest margin (NIM) of 11-12% over the next two years, backed by growth in fee income and lower credit costs.

• Hubtown is rising as its board of directors approves raising Rs 500.6 crore by issuing 1.5 crore shares through a preferential issue at an issue price of Rs 341 per share. The company will use Rs 150 crore from the proceeds to pay outstanding loans.

• Manoj Kumar Dubey, CEO & CMD of IRFC, says the company’s long-standing ties with Japanese banks for external commercial borrowings (ECB) offer a chance to include yen in its borrowing mix. He expects net interest margin (NIM) to expand over the next 25 quarters. Dubey also anticipates surpassing the FY26 sanctions target of Rs 60,000 crore as early as Q3 and reiterates disbursement guidance of over Rs 30,000 crore for the year.

  #OnCNBCTV18 | Long relationship with #JapaneseBanks for ECB, a good opportunity to include yen in the borrowing mix#NIM will improve every quarter, already over 2%, expect NIMs to keep expanding over the next 25 quarters. Expect to exceed the sanctions target of Rs 60,000 cr… pic.twitter.com/l16vlVJKyK

  — CNBC-TV18 (@CNBCTV18Live) December 4, 2025

• Reliance Industries is rising as its subsidiary, Reliance Strategic Business Ventures (RSBVL), acquires a 49% stake in the Oval Invincibles franchise from the England & Wales Cricket Board for GBP 60.3 million (around Rs 723.7 crore). Both the men’s and women’s teams will operate under the new name MI London, effective 2026.

• Pine Labs' Q2FY26 net profit jumps 24.6% QoQ to Rs 6 crore, helped by lower employee benefits and finance costs. Revenue grows 3% QoQ to Rs 672.9 crore, owing to improvements in the digital infrastructure & transaction, and issuing & acquiring segments. It features in a screener of stocks with declining provisions.

• Mahindra & Mahindra is rising as its wholly-owned subsidiary, Mahindra Overseas Investment (MOICML), sells a 3.6% stake in CIE Automotive (CIE Spain) for approximately €119 million (around Rs 1,250 crore).

• Citi maintains a 'Buy' rating on Tata Consumer Products with a lower target price of Rs 1,350. The brokerage expects volume-driven growth in India’s tea category with modest price gains in H2FY26. It notes a strong revival in the ready-to-drink segment and anticipates a gradual improvement in Capital Foods, supported by various initiatives. Citi also expects long-term earnings to benefit from a solid margin recovery.

  #BrokerageRadar | Citi maintains BUY on Tata Consumer with a TP of ?1,350; strong margin recovery, RTD revival and steady food categories to drive earnings@Citi pic.twitter.com/6xe8MKcD3N

  — ET NOW (@ETNOWlive) December 4, 2025

• IDBI Capital initiates coverage on BLS International with a 'Buy' rating and a target price of Rs 445 per share. This indicates a potential upside of 32%. The brokerage is positive on the stock, supported by international expansion, cost control, process automation, and the high-margin digital services segment. It expects the firm to deliver a revenue CAGR of 23.5% over FY26-27.

• The National Company Law Tribunal (NCLT) rejects Goodrich Logistics' plea against Transrail Lighting for non-payment of outstanding dues. The dues relate to two orders of equipment and accessories for the construction of Transrail's 330 KV DC transmission line in Nigeria.

• TeamLease Services' board of directors appoints Suparna Mitra as the Chief Executive Officer (CEO) and Managing Director (MD), succeeding Ashok Reddy, effective February 2.

• InterGlobe Aviation (IndiGo) falls after a two-day network disruption that led to roughly 150 cancellations and impacted around 200 flights in total. The disruption coincided with a DGCA-mandated emergency update for Airbus A320 jets and the implementation of new fatigue-management (FDTL) norms, effective from November 1.

  #IndiGo flight cancellations: Airline stock drops 3%, hits 5-month low#MarketsWithBS
  
  Read it on the app: https://t.co/howSwnmzHt#StockMarket #markets2025 #sharemarket #StockMarketIndia https://t.co/hKpwWmtHIK pic.twitter.com/kmsuaaUpfa

  — Business Standard (@bsindia) December 4, 2025

• Pace Digitek's subsidiary, Lineage Power, secures an order worth Rs 99.7 crore from Advait Greenergy for a lithium iron phosphate (LFP) battery energy storage system (BESS) and related equipment.

• Vedanta is rising as it receives approval from the National Company Law Tribunal (NCLT) for its resolution plan to acquire Incab Industries for Rs 545 crore under the corporate insolvency resolution process.

• JK Cement expands its clinker capacity by adding 3.3 million tonnes per annum (MTPA) Line-2 at Prayagraj, taking the total capacity to 6.6 MTPA.

• Fitch Ratings raises India’s FY26 growth forecast to 7.4%, citing strong private consumption and resilient GDP performance despite a global slowdown. It expects FY27 growth to slow to 6.4% as the economy matures, with domestic demand and consumer spending continuing to drive activity.

  #JustIn | #FitchRatings Says: Raise India FY26 growth forecast to 7.4% from 6.9%#GDPGrowth pic.twitter.com/REYE2xkoEd

  — CNBC-TV18 (@CNBCTV18Live) December 4, 2025

• Godawari Power & Ispat rises as it receives approval from the Chhattisgarh Environment Conservation Board (CECB) to operate its 2 million tonnes per annum (MTPA) iron ore pellet plant. This takes the company's total pellet capacity to 4.7 MPTA, up from 2.7 MTPA.

• Petronet LNG is rising as it signs a 15-year agreement worth Rs 5,000 crore with Oil and Natural Gas Corp (ONGC) to provide unloading, storage, and handling services for 600 KTPA of ethane at its Dahej facility.

• Eris Lifesciences plans a capex of Rs 380-400 crore over the next three quarters, funded through internal accruals. The company will use this capex to double insulin capacity in Bhopal, set up Unit-3 for general-sterile injectables, and enhance the diabetes & obesity pipeline.

• Rail Vikas Nigam is rising as it receives an order worth Rs 145.3 crore from Southern Railway. The order includes setting up traction substations, installing power equipment, adding remote monitoring and control systems for the power network, and setting up fault-detection systems on the Jolarpettai–Salem route.

• Nifty 50 was trading at 25,949.55 (-36.5, -0.1%), BSE Sensex was trading at 85,007.21 (-99.6, -0.1%) while the broader Nifty 500 was trading at 23,693.55 (-22.8, -0.1%).

• Market breadth is in the red. Of the 2,068 stocks traded today, 834 were gainers and 1,168 were losers.

Riding High:

Largecap and midcap gainers today include Petronet LNG Ltd. (280.95, 4.5%), L&T Technology Services Ltd. (4,685.10, 3.8%) and Coforge Ltd. (1,966.20, 2.8%).

Downers:

Largecap and midcap losers today include Hitachi Energy India Ltd. (20,085, -8.1%), Biocon Ltd. (388.35, -5.3%) and Patanjali Foods Ltd. (528.75, -4.8%).

Crowd Puller Stocks

24 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included India Cements Ltd. (412.15, 9.7%), Hindustan Copper Ltd. (365.75, 7.8%) and Kirloskar Oil Engines Ltd. (1,165.10, 7.4%).

Top high volume losers on BSE were Hitachi Energy India Ltd. (20,085, -8.1%), Biocon Ltd. (388.35, -5.3%) and Ola Electric Mobility Ltd. (36.12, -5.0%).

Godrej Industries Ltd. (1,000.80, -3.5%) was trading at 16.9 times of weekly average. Usha Martin Ltd. (436.15, 2.8%) and J B Chemicals & Pharmaceuticals Ltd. (1,821.70, 3.3%) were trading with volumes 12.0 and 7.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks overperformed with 52 week highs, while 20 stocks hit their 52 week lows.

Stocks touching their year highs included - Asian Paints Ltd. (2,957.20, 0.1%), Hero MotoCorp Ltd. (6,340, 2.1%) and Hindustan Copper Ltd. (365.75, 7.8%).

Stocks making new 52 weeks lows included - BASF India Ltd. (4,063.50, -0.5%) and Bata India Ltd. (960.30, -1.8%).

10 stocks climbed above their 200 day SMA including Himadri Speciality Chemical Ltd. (462.35, 2.9%) and Astral Ltd. (1,440.70, 2.2%). 13 stocks slipped below their 200 SMA including Wockhardt Ltd. (1,331.90, -5.9%) and Elgi Equipments Ltd. (491.45, -3.0%).