The Indian market opened the week with a cautious tone. Sentiment stayed soft as investors booked profits at higher levels and the weaker rupee added pressure. Foreign fund outflows didn’t make things easier, and the mood across global markets wasn’t supportive either.
By the end of Tuesday’s session, the sense was clear: the market wanted to pause before the next big macro signal.
Market Performance: A Quiet Pullback Before the RBI Policy
The market slipped for the second day in a row. Nothing dramatic, but enough to show that traders were protecting gains.
- Sensex fell 504 points (0.59%) to 85,138
- Nifty 50 dropped 144 points (0.55%) to 26,032
- BSE market capitalisation declined by ₹1.82 lakh crore, settling at ₹472.59 lakh crore
The pullback also came ahead of the RBI’s key three-day monetary policy meeting. It starts tomorrow, with the announcement scheduled for December 5.
Throughout the session, the broader tone remained muted. Banking, financials, and metals were among the weaker pockets. Midcaps and smallcaps followed the same path, ending in the red.
Weak global cues — from lower US closes to rising treasury yields — kept traders on the defensive.
Main News: 10 Stocks in Focus Today
While the market cooled off, several companies made headlines with business updates, regulatory developments, and financial decisions. These stocks are likely to stay in the spotlight today.
IRFC: New Loan Agreement Secured
IRFC revealed that it has entered into a loan agreement with Sumitomo Mitsui Banking Corporation’s GIFT City branch in Gandhinagar.
The borrowing is structured as an external commercial borrowing (ECB) worth ¥300 million, which is equivalent to $300 million.
The development keeps IRFC in focus as the PSU continues to tap global funding routes.
IndiGo: Hit With ₹117.52 Crore Tax Penalty
IndiGo shared an update that drew immediate market attention.
The airline received a penalty order of ₹117.52 crore related to input tax credit.
The order was issued by the Joint Commissioner of Central Tax and Central Excise, under the CGST Kochi Commissionerate in Kerala.
IndiGo plans to contest the order.
India Cements: Subsidiaries Move to Sell Indonesian Stake
India Cements made a strategic announcement involving its overseas subsidiaries.
Its units — PT Coromandel Minerals Resources (Indonesia) and Raasi Minerals Pte Ltd (Singapore) — have agreed to sell their entire stake in PT Adcoal Energindo, Indonesia.
The proposed deal value is IDR 10 billion, which is about ₹5.4 crore.
Hindustan Copper: Signs MoU With NTPC Mining
Hindustan Copper stayed in the news after signing a Memorandum of Understanding (MoU) with NTPC Mining Ltd (NML).
The agreement focuses on cooperation in developing copper and other critical minerals.
Canara Bank: Raises ₹3,500 Crore Through AT1 Bonds
Canara Bank disclosed a major fundraise through Basel III-compliant bonds.
Key details:
- Total fundraising: ₹3,500 crore
- Base issue: ₹1,000 crore
- Green shoe option: ₹2,500 crore (fully subscribed)
- Coupon: 7.55%, via additional Tier I bonds
KPI Green: Wins 142 MW Floating Solar Project
KPI Green Energy secured a significant solar EPC order from Gujarat State Electricity Corporation (GSECL).
The scope includes engineering, procurement, and construction for:
- 142 MW (DC) / 110 MW (AC) floating solar project
- To be set up on the Kadana Dam reservoir in Mahisagar district, Gujarat
This order puts KPI Green firmly in the renewable energy spotlight today.
Motilal Oswal Financial Services: Clears NCD Issuance
Motilal Oswal updated the market with a debt issuance plan approved by its Finance Committee.
Highlights:
- 30,000 senior non-convertible debentures
- Face value: ₹1,00,000 each
- Total value: up to ₹300 crore
- Fully paid, secured, rated, redeemable, and listed NCDs
CEAT: Board to Consider NCD Issue on December 5
CEAT informed exchanges that its Finance and Banking Committee will meet on December 5, 2025.
The agenda: proposal to issue non-convertible debentures through private placement.
Maruti Suzuki: Launches Its First Electric SUV — e-Vitara
Maruti Suzuki widened its electric portfolio by launching its first electric SUV, the e-Vitara.
The launch marks an important shift for the company as EV adoption picks up pace across the country.
Bikaji Foods International: Adds Capital to US Subsidiary
Bikaji made a small but notable overseas investment.
The company infused $250,000 into its US subsidiary — Bikaji Foods International USA Corp — by subscribing to 25,000 common shares priced at $10 each.
Summary
The market may have cooled off, but the day brought a series of meaningful corporate developments.
From IRFC’s global borrowing to KPI Green’s solar project win, and from IndiGo’s tax notice to Maruti Suzuki’s EV expansion — the action across individual stocks kept the day alive.
With the RBI policy meeting beginning tomorrow, markets may hold a careful tone, but stock-specific stories will continue to lead the narrative.
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