NIFTY50 above 26,150, SENSEX rises 408 pts in noon session; HUL, ITC Hotels, IndiGo among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, surged during Friday’s afternoon session, as the Reserve Bank of India’s Monetary Policy Committee (MPC) on December 5, unanimously voted to cut the repo rate by 25 basis points to 5.25%, with immediate effect.

With today's cut, the rate-setting panel has delivered a cumulative 125 basis points repo rate cut in the ongoing financial year.

The SENSEX advanced as much as 0.46% to an intra-day high of 85,659.41. Meanwhile, the NIFTY50 touched the session’s high of 26,168.85.

At 12:28 PM, the S&P BSE SENSEX advanced by 408.45 points, or 0.48%, to 85,673.77. NSE’s NIFTY50 was trading at 26,162.55, reflecting a 128.80 points, or 0.49% increase.

The top gainers of the NIFTY50 index included Shriram Finance (3.01%), Bajaj Finserv (2.48%), Bajaj Finance (2.3%), HCL Technologies (2.06%) and Hindalco Industries (2.04%).

On the other hand, Hindustan Unilever (-3.58%), InterGlobe Aviation (-2.90%), Trent (-0.78%), Tata Motors Passenger Vehicles (-0.55%) and Sun Pharmaceutical Industries (-0.51%) were among the top losers.

Buzzing stocks on December 5: Check list

All rate-sensitive stocks were trading in positive territory. The NIFTY Bank was trading at the 59,558.65 levels, up 269.95 points, or 0.46%, while NIFTY AUTO was trading at 27,846.05, marking a 113.35 points, or 0.41% jump, while NIFTY REALTY was trading 0.89% higher at 998.05.

In the realty pack, seven out of 10 constituents were trading in the green. The top gainers were Prestige Estates Projects (up 2.01%), DLF (up 1.87%), and Oberoi Realty Ltd (up 0.78%).

This comes after the RBI Governor Sanjay Malhotra, in his monetary policy address, announced that the monetary policy committee (MPC) decided to slash the repo rate by 25 basis points to 5.25%.

Shares of ITC Hotels declined as much as 1.21% to an intra-day low of ₹205.20 apiece on the National Stock Exchange (NSE) on Friday, December 5, after, according to news reports, 9% equity, or 18.7 crore shares, changed hands in the block deal window.

The CNBC-TV18 report stated that the transaction was worth ₹3,856 crore and the deal took place at ₹205.65 per share.

On Thursday, British American Tobacco p.l.c. (BAT) said its wholly-owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited, intend to sell between 7% and 15.3% of the issued ordinary share capital in ITC Hotels to investors via block trade.

The stock of InterGlobe Aviation, the parent company of IndiGo, fell as much as 3.03% to the session’s low of ₹5,272 per equity share, amid the massive crisis the airline has been going through over the past few days.

IndiGo on Thursday told aviation watchdog DGCA that operations are expected to be fully stabilised by February 10, 2026, and sought temporary relaxations in flight duty norms on a day when the country's largest airline cancelled more than 550 flights, disrupting the travel plans of hundreds of passengers.

Acknowledging that the flight disruptions happening for the past few days are primarily due to misjudgment and planning gaps in implementing the second phase of the Flight Duty Time Limitations (FDTL) norms, IndiGo also informed the regulator that there will be more cancellations till December 8, and from that day, there will also be a reduction in services.

As per a PTI report, over 400 flights have been cancelled on Friday. Furthermore, the budget airline carrier also cancelled all its departure flights from Delhi Indira Gandhi International Airport till midnight.

Shares of Reliance Industries (RIL) are in focus on December 5, as S&P Global Ratings has upgraded the credit rating issued by it for the Senior Unsecured US$ Denominated Fixed Rate Notes of the company from “BBB+” with a “Stable” outlook to “A–” with a “Stable” outlook.

The stock was trading in the red at the time of writing.

Zen Technologies’ stock gained nearly 4% to an intraday high of ₹1,425 on bagging a defence order worth ₹120 crore.

The company secured an order “for the supply of a Comprehensive Training Node (CTN) comprising a suite of various training simulators and equipment from the Ministry of Defence, Government of India.”

According to the regulatory filing on December 4, the order will be executed within a year.

Shares of Hindustan Unilever declined to the day’s low of ₹2,286.70 apiece, marking a sharp fall of 7%. It is currently trading 3.32% lower than the opening price and down 4.90% from the issue price, after a special pre-open session on Friday.

The stock declined as the company adjusted to the demerger of its ice cream business, Kwality Wall’s India. HUL’s board had fixed December 5 as the record date for the demerger, which means HUL, as of today, will trade ex-ice cream business.

Stock of Shriram Pistons & Rings soared as much as 9.21% to a 52-week high of ₹2,867 per equity share, after it said that it has entered a share purchase agreement to acquire three Grupo Antolin entities.

In a regulatory filing, the company stated that it will directly and indirectly acquire all outstanding shares of Antolin Lighting India Private Limited (T1), Grupo Antolin India Private Limited (T2) and Grupo Antolin Chakan Private Limited (T3), a subsidiary of T2.