Bajaj Housing Finance Shares Drop 7.15% on Promoter’s 2% Stake Sale via Block Deals & More.

Dec 02, 2025

Bajaj Housing Finance (-7.15%): Share dropped as disclosures confirmed promoter Bajaj Finance intends to offload up to 2% stake valued above ₹1,740 crore.
Tata Communications (+0.64%): Stock rose as its subsidiary acquired 51% in US-based AI SaaS firm Commotion for ₹227 crore, boosting growth prospects.
Vishal Fabrics (+4.54%): Shares jumped after securing a ₹100 crore 2026 export order for premium denim fabrics across key global markets.
EaseMyTrip (+19.78%): Stock jumped after launching its Winter Carnival Sale offering discounts on flights, hotels and packages from Dec 2–9 with added card benefits.

Pharma | Nifty Pharma (+0.08%): Sector sentiment improved as individual stocks like Wockhardt and Lupin posted strong gains on positive USFDA-related developments, led by 11 gainers and 9 losers.
Financial Services | Nifty Financial Services (-0.90%): Index closed on profit booking, led by most sold stocks HDFC Bank, ICICI Bank and Axis Bank.
India Defence | Nifty India Defence (-0.83%): Index declined on profit booking after recent rally; heavy losers of the day are Bharat Electronics, HAL, and Garden Reach Shipbuilders & Engineers.
Consumer durables | Nifty Consumer durables (-0.44%): shares tumbled for the second consecutive session, with 4 gainers and 11 draggers weighing on the sector.

Technical Level: Nifty opened gap down, followed downside trend; resistance 25,150, support 26,000, with minor reversal near closing levels today.
Advance-Decline Ratio: Weak market breadth observed as 2,007 stocks declined while 1,083 advanced.
The Big Picture: India’s October 2025 exports grew 19% in electronics, driven by smartphones and Apple iPhones, while most other sectors contracted amid intense Chinese competition and tariff pressures.
FII/DII Activity (Dec 01, 2025): DIIs remained net buyers at ₹2,559 crore, while FIIs sold ₹1,171 crore, aiding positive sentiment.

IPO Corner: Tomorrow marks the start of subscription for Meesho and Aequs IPOs for interested investors.
Macro: Investors await Australia Q3 GDP Growth Rate QoQ and US November ISM Services PMI, scheduled for release tomorrow.
Index Watch: Nifty opened weak for the second consecutive day, breached 26,000 but reversed to close above; while the short-term trend remains mildly positive, the next few sessions will determine market direction.

RSI: Relative Strength Index (RSI) measures the speed and change of price movements on a scale of 0–100; above 70 indicates overbought, below 30 indicates oversold.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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