Sensex Advances as IT Sector Leads Gains Amid Mixed Market Breadth

Dec 04 2025 11:00 AM IST
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The Indian equity market witnessed a modest upward trajectory on 4 December 2025, with the Sensex trading at 85,411.85, reflecting a gain of 305.04 points or 0.36%. The Nifty IT sector emerged as the top performer, while media stocks faced pressure. Market breadth showed a predominance of advancing stocks, supported by positive momentum in large caps and mixed activity among mid and small caps.



Sensex and Nifty Trends


The benchmark Sensex opened the day 119.25 points lower but staged a robust recovery, climbing 453.59 points to trade at 85,441.15, marking a 0.39% gain by midday. This recovery places the Sensex approximately 0.84% below its 52-week high of 86,159.02, signalling resilience in the broader market. The index is currently positioned above its 50-day moving average (DMA), which itself remains above the 200 DMA, indicating a sustained positive trend in the medium term.


Large-cap stocks led the gains, with the Sensex reflecting a 0.39% rise, while mid-cap and small-cap indices showed more subdued movements. The BSE100 index rose by 0.38%, mid-cap stocks edged up by 0.23%, and small caps recorded a marginal increase of 0.15%, suggesting cautious optimism among investors across market capitalisation segments.



Sectoral Performance: IT Leads, Media Trails


Out of 38 sectors tracked, 34 advanced while 4 declined, highlighting broad-based participation in the rally. The Nifty IT sector outperformed with a gain of 1.38%, buoyed by strong buying interest in technology stocks. Conversely, the Nifty Media sector lagged, slipping 0.81%, pressured by profit-taking and subdued investor sentiment in media-related stocks.


This divergence underscores the market’s selective approach, favouring sectors with robust earnings visibility and growth prospects, while sectors facing structural challenges or regulatory uncertainties experienced selling pressure.



Top Gainers and Losers on BSE500


Among the top gainers on the BSE500 index, Hindustan Copper led with a notable 6.47% rise, followed by India Cements at 4.95% and Kirloskar Oil with a 4.00% increase. These stocks attracted investor interest possibly due to sector-specific developments and improving fundamentals.


On the downside, Wockhardt declined by 3.88%, Biocon by 3.72%, and Hitachi Energy by 3.69%, reflecting profit-booking or sector-specific headwinds. Biocon’s fall also impacted mid-cap indices, where it was the top loser.




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Market Breadth and Capitalisation Insights


The advance-decline ratio across the BSE500 index stood at 1.54x, with 302 stocks advancing against 196 declining, indicating a healthy market breadth. This breadth supports the notion of a broad-based rally rather than a narrow surge driven by a handful of stocks.


Large caps demonstrated leadership with IndusInd Bank posting a 2.69% gain, the highest among large-cap stocks. Mid-cap stocks showed mixed performance, with L&T Technology Services gaining 3.83%, while Biocon was the largest mid-cap decliner. Small caps traded largely flat, with Nectar Lifesciences standing out with a remarkable 17.86% gain, contrasting with OnMobile Global’s 7.25% decline.



Foreign Institutional and Domestic Institutional Activity


While specific figures for Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) activity were not disclosed, the market’s positive momentum and sectoral participation suggest continued interest from institutional players. The recovery in large caps and IT stocks typically aligns with foreign inflows, while domestic investors often support mid and small caps, contributing to the overall market stability.



Global Cues and Their Influence


Global markets exhibited mixed signals, with major indices in the US and Europe showing cautious optimism amid ongoing economic data releases and geopolitical developments. The Indian market’s recovery after an initial dip reflects a degree of insulation from global volatility, supported by domestic factors such as corporate earnings and policy clarity.


Investors remain watchful of global inflation trends, central bank policies, and commodity price movements, which could influence market direction in the near term.




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Outlook and Investor Considerations


The current market environment suggests cautious optimism, with the Sensex maintaining a position above key moving averages and sectors like IT demonstrating strength. Investors may find opportunities in large caps exhibiting steady performance and mid caps with selective gains, while remaining mindful of volatility in small caps and lagging sectors such as media.


Monitoring global developments alongside domestic economic indicators will be crucial for assessing market direction. The mixed sectoral performance and breadth data imply that while the market is generally positive, selective stock picking remains important for portfolio construction.



Summary


On 4 December 2025, the Indian equity market showed resilience with the Sensex advancing by 0.36%, supported by broad sectoral participation and strong gains in IT stocks. Large caps led the rally, while mid and small caps displayed mixed trends. Market breadth was positive, and top gainers included Hindustan Copper and India Cements, whereas Wockhardt and Biocon were among the notable decliners. The market’s recovery after an early dip and its position near 52-week highs reflect underlying strength amid a complex global backdrop.






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