IT, realty, and FMCG shares advanced, while media, consumer durables and private bank shares declined.

At 1:30 ST, the barometer index, the S&P BSE Sensex, rallied 104.65 points or 0.12% to 85,211.46. The Nifty 50 index rose 29.35 points or 0.11% to 26,021.70.

In the broader market, the S&P BSE Mid-Cap index rose 0.04% and the S&P BSE Small-Cap index shed 0.19%.

The market breadth was negative. On the BSE, 1,872 shares rose and 2,113 shares fell. A total of 173 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.69% to 11.02.

Gainers & Losers:

Tech Mahindra (up 1.74%), Tata Consultancy Services (up 1.67%), SBI Life Insurance Company (up 1.52%), HCL Technologies (up 1.23%) and Infosys (up 1.02%) were the major Nifty50 gainers.

InterGlobe Aviation (down 1.64%), Kotak Mahindra Bank (down 0.90%), Maruti Suzuki India (down 0.81%), Eternal (down 0.67%) and ICICI Bank (down 0.62%) were the major Nifty50 losers.

IPO Update:

Meesho received bids for 1,23,54,37,515 shares as against 27,79,38,446 shares on offer, according to stock exchange data at 13:20 IST on Thursday (4 December 2025). The issue was subscribed 4.45 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 105 and 111 per share.

Aequs received bids for 33,01,13,040 shares as against 4,20,26,913 shares on offer, according to stock exchange data at 13:22 IST on Thursday (4 December 2025). The issue was subscribed 7.85 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 118 and 124 per share.

Vidya Wires received bids for 25,87,54,752 shares as against 4,33,34,009 shares on offer, according to stock exchange data at 13:23 IST on Thursday (4 December 2025). The issue was subscribed 5.79 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 48 and 52 per share.

Stocks in Spotlight:

Petronet LNG climbed 4.22% after the company announced a long-term agreement with ONGC for developing and operating ethane import and handling infrastructure at Dahej.

Mukka Proteins rallied 6.23% after the company announced that its joint venture (JV) with Hardik Gowda and MS Jathin Infra secured a Rs 474.89 crore contract from Bengaluru Solid Waste Management (BSWML).

Josts Engineering company rose 4.72% after the company announced that it has bagged an order worth Rs 5.62 crore from the North Bihar Power Distribution Company.

Pace Digitek rose 0.19%. The company said that its material subsidiary, Lineage Power, has secured an order worth Rs 99.71 crore from Advait Greenergy for the supply of lithium iron phosphate (LFP) battery energy storage systems (BESS) and related equipment.

Rail Vikas Nigam (RVNL) shed 0.08%. The company announced that it has received a letter of acceptance (LoA) worth Rs 145.35 crore from Southern Railway for a traction power project. The scope includes design, supply, erection, testing, and commissioning of Scott-connected traction substations, power quality equipment, switching posts, a 2x25 kV feeding system, and SCADA and automatic fault locator systems in the Jolarpettai'Salem section of the Salem Division.

Global Markets:

European shares advanced as investors awaited the release of the European HCOB Construction PMI, retail sales and U.K. car sales.

Most Asian markets advanced after Wall Street gained on the latest jobs data that raised hopes the Federal Reserve could cut interest rates next week.

Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions in October, and well below the 40,000 increase that was widely reported.

Markets are reportedly pricing in an 89% chance of a cut when the Federal Reserve meets on Dec. 9-10, significantly higher than rate-cut bets just a couple of weeks ago.

Overnight, the Dow Jones Industrial Average gained 408.44 points, or 0.86%, to finish at 47,882.90. The S&P 500 traded up 0.30% to end the day at 6,849.72, while the Nasdaq Composite added 0.17% to settle at 23,454.09.

Stocks with exposure to the artificial intelligence trade were the biggest drag on U.S. key benchmarks Wednesday stateside, after a media report stated that Microsoft was cutting software sales quotas tied to artificial intelligence.

Microsoft reportedly refuted the claims in the report, which led the stock to recover slightly in after-hours trading.

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