Rupee Hits Record Low, Closes Below 90 Against US $ on FPI Outflows and Trade Uncertainty & More.

Dec 03, 2025

KPI Green Energy (+3.86%): Share advanced after the company received a ₹489 crore order from Gujarat State Electricity Corporation Limited to build a 142 MW floating solar project.
Blue Cloud Softech (+2.71): Stock rose after winning a ₹110 crore contract from US-based Stratos Forge following a successful pilot delivering 96.68% annotation accuracy.
Angel One (-5.12%): Share slipped as the company reported a 16.6% YoY fall in gross client acquisition for November, according to its exchange filing.
Mahindra Lifespace Developers (+0.23): Stock gained as it secured a ₹1,010 crore redevelopment mandate in Matunga West, Mumbai to upgrade a 1.53-acre housing cluster.

IT | Nifty IT (+0.76%): Sector sentiment improved with rupee falling below ₹90/$, boosting dollar-earning stocks like Wipro, TCS, Infosys, and Tech Mahindra.
Private Bank | Nifty Private Bank (+0.57%): Sector moved higher after two consecutive days of decline, led by five gainers and five lagging stocks today.
PSU Bank | Nifty PSU Bank (-3.07%): Sector fell after government clarified no FDI limit hike, with all 12 constituents seeing broad-based selling pressure.
Defence | Nifty India Defence (-1.83%): Sector experienced broad weakness as the majority of stocks traded down, dragging the Nifty India Defence index.

Technical Level: Nifty opened flat, witnessed Sharp fall in morning session, reversed in second session, closed below 26,000; resistance at 26,060, support at 25,890.
Advance-Decline Ratio: Market breadth remained weak with 2,074 decliners against 1,052 advancers in today’s trading session.
The Big Picture: The Indian rupee closed below 90 for the first time at 90.19 against the US dollar, pressured by persistent FPI outflows, stalled India-US trade talks, and global currency uncertainties.
FII/DII Activity (Dec 02, 2025): DIIs bought shares worth ₹4,646 crore, while FIIs sold ₹3,642 crore, aiding bullish momentum in the market.

IPO Corner: Subscription for Neochem Bio and Helloji Holidays SME IPOs ends tomorrow, marking the last day for investors.
Macro: Investors await Eurozone Retail Sales MoM (Oct) and US Balance of Trade (Sep), both scheduled for release tomorrow.
Index Watch: Falling for the fourth consecutive day, Nifty rebounded today from near daily candle support after a sharp fall; will it sustain the rebound or slip back toward 25,500 this week?

Correction: A correction refers to a temporary decline in the price of a stock, index, or market, usually following a sustained upward trend. Typically, a correction is a drop of 10% or less from recent highs. It is considered a normal part of market cycles and not necessarily a sign of a long-term downtrend.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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