Published on: 08 Dec, 2025 03:49

Indian markets face a muted start on December 08, 2025, balancing global caution with domestic liquidity support and sector-specific opportunities.

Key Themes & Picks

  • Flat opening indicated by Gift Nifty, with mixed global cues.

  • Domestic sentiment supported by RBI's recent rate cut and liquidity infusion.

  • Financials and autos show strength; IT/pharma act as defensive plays.

  • Stock picks: Indus Towers (Buy), L&T, and Maruti Suzuki highlighted.

  • Monitor IPO activity and sector rotation from commodities to banks.

Introduction

As Indian markets gear up for the trading week starting December 08, 2025, pre-market indicators point to a muted opening amid mixed global cues. The Gift Nifty futures hovered around 26,322 levels in early trade, signaling a flat start for the Nifty 50 after Friday's positive close at 26,186.45. US stock futures remained steady, with investors eyeing the Federal Reserve's upcoming rate decision, while Asian markets traded mixed—Japan's Nikkei up marginally and broader indices cautious amid China-Japan tensions and pending economic data from China. Overnight, Wall Street ended higher last week, buoyed by tech gains, but the focus remains on potential Fed rate cuts that could influence global liquidity.

Domestically, the aftermath of the RBI's recent 25-basis-point repo rate cut continues to support sentiment, with liquidity infusion proposals adding ₹1.45 trillion to the system providing temporary relief. Key themes today include sustained bullish momentum in financials and autos amid improving credit growth, alongside defensive plays in IT and pharma. A total of around 20-25 fresh or ongoing recommendations were aggregated from credible sources, with limited new calls strictly from today due to the early hour—many draw from late Friday or weekend analysis. Standout picks include Indus Towers upgraded to Buy on consolidation breakout, Larsen & Toubro on strong momentum, and Maruti Suzuki with a high target amid SUV dominance. Investors should monitor IPO buzz, with listings like Lenskart in focus, and sectoral shifts favoring banks over commodities.

Section 1: Index Outlook

The overall outlook for major indices remains bullish in the near term, supported by post-rate-cut optimism and technical breakouts. Nifty 50 is poised for gains if it sustains above key supports, with potential to test higher resistances. Bank Nifty shows strength in financials, while Sensex mirrors the broader trend. However, volatility may persist ahead of US Fed outcomes.

Index Recommendation Target/Range Key Driver Source
Nifty 50 Bullish 26,300–26,900 Breakout above 26,350 resistance; RBI liquidity boost and RSI bullish crossover BL Guru, 5paisa
Sensex Bullish 86,000–87,000 Positive momentum from financials and autos; aligned with Nifty uptrend Business Standard
Bank Nifty Bullish 61,000–62,000 Break above 60,500; healthy credit growth and PSU bank strength Replete Equities, BL Guru

Supports for Nifty stand at 26,000–26,100, with resistances at 26,300–26,400. Bank Nifty has immediate support at 59,300 and resistance at 59,800–60,000. Sectoral indices like Nifty Financials and Auto are expected to lead, while Realty and Metals may lag.

 


Section 2: Sector-Wise Stock Picks

Recommendations are categorized by sector, focusing on fresh or updated calls from today or the immediate prior session (noted where applicable). Data is aggregated from brokerages and portals, with deduplication for overlapping views. Upside percentages are calculated based on Friday's closes where available.

Banking & Financials

This sector remains in focus post-RBI rate cut, with emphasis on credit growth and liquidity.

  • SBI Cards and Payment Services Ltd (SBICARD.NS) – Buy, Target: ₹920 (Upside ~4%), Rationale: Strong bullish pattern with reversal from ₹865 support, signaling renewed strength for short-term gains. Source: Livemint (Dec 08).
  • L&T Finance Ltd (LTF.NS) – Buy, Target: ₹325 (Upside ~5%), Rationale: Higher bottom formation on daily chart with positive RSI, indicating further upside in uptrend. Source: Livemint (Dec 08).
  • PNB Housing Finance Ltd (PNBHOUSING.NS) – Buy, Target: ₹950 (Upside ~5%), Rationale: Break past 50EMA with positive candle, RSI signaling trend reversal for gains. Source: Livemint (Dec 08).
  • Bank of Maharashtra (MAHABANK.NS) – Buy, Target: ₹64 (Upside ~9% from initiation), Rationale: Falling trendline breakout above 50-day EMA with bullish Stochastic; ongoing from Nov 17 but applicable. Source: ICICI Direct (Dec 05).
  • REC Ltd (RECLTD.NS) – Buy, Target: ₹388 (Upside ~7% from initiation), Rationale: Double bottom formation with bullish Stochastic crossover; ongoing from Nov 27. Source: ICICI Direct (Dec 05).

IT & Pharma

Defensive sectors with stable earnings outlook.

  • Sun Pharma (SUNPHARMA.NS) – Buy, Target: ₹1826 (Upside ~1%), Rationale: Elevated buying above 10-day EMA, MACD rising; intraday from Dec 05 but noted for continuity. Source: ICICI Direct.

Auto & Ancillaries

Strong demand resilience and upgrades.

  • Maruti Suzuki India Ltd (MARUTI.NS) – Buy, Target: ₹17,400 (Upside ~40%), Rationale: Leadership in SUV segment with capacity expansion in Kharkhoda plant. Source: MarketSmith India (Dec 08).
  • Banco Products Ltd (BANCOINDIA.NS) – Buy, Target: ₹860 (Upside ~15%), Rationale: Strong in cooling components, revenue growth, low debt, export opportunities. Source: MarketSmith India (Dec 08).
  • Bajaj Auto (BAJAJ-AUTO.NS) – Buy, Rationale: Gladiator momentum pick for 3 months. Source: ICICI Direct (Dec 05).

Consumer & FMCG

Renewed strength amid accumulation.

  • Marico Ltd (MARICO.NS) – Buy, Target: ₹800 (Upside ~9%), Rationale: Support at ₹710 with bullish RSI at 58.96, trading above EMAs. Source: Choice Broking (Dec 08).
  • Asian Paints (ASIANPAINT.NS) – Buy, Target: ₹2968 (Upside ~1%), Rationale: Sustaining above breakout and 10-day EMA, Stochastic rising; from Dec 05. Source: ICICI Direct.
  • United Spirits Ltd (MCDOWELL-N.NS) – Buy, Target: ₹1,500 (Upside ~3%), Rationale: Bullish pattern with reversal from ₹1,430 support. Source: Livemint (Dec 08).

Metals & Infra

Selective picks despite sector weakness.

  • JSW Steel (JSWSTEEL.NS) – Buy, Target: ₹1,250 (Upside ~8%), Rationale: Rebound from ₹1,100 support, above EMAs, nearing breakout. Source: Choice Broking (Dec 08).
  • Larsen & Toubro (LT.NS) – Buy, Target: ₹4,300 (Upside ~6%), Rationale: Higher-high pattern above EMAs, RSI at 55.95 bullish. Source: Choice Broking (Dec 08) & ICICI Direct Gladiator.
  • Godrej Properties Ltd (GODREJPROP.NS) – Buy, Target: ₹2,200 (Upside ~6%), Rationale: Bullish pattern with support at ₹2,040, potential retracement. Source: Livemint (Dec 08).
  • Dredging Corporation of India Ltd (DREDGECORP.NS) – Buy, Target: ₹940 (Upside ~7%), Rationale: Flag pattern with RSI reversal, rising volumes. Source: Livemint (Dec 08).

Telecom

  • Indus Towers (INDUSTOWER.NS) – Buy at ₹415.70, Rationale: Consolidation in uptrend, poised for breakout. Source: Hindu BusinessLine (Dec 08).

Notable stocks to watch (news-driven, no explicit recs): Cochin Shipyard (new contract), Ashoka Buildcon (order win), ONGC (CEO re-appointment).

 



Section 3: Global & Thematic Insights

Global brokerages maintain a positive stance on India, with Goldman Sachs upgrading to Overweight and setting a Nifty target of 29,000 by 2026, driven by earnings revival and normalized valuations. Macquarie and others see value in midcaps amid cross-border flows. Thematically, focus on financials and autos for growth, while avoiding metals due to commodity softness. BSE/NSE announcements highlight no major regulatory shifts today, but block deals in stocks like Lenskart could influence trading. Earnings downgrades appear over, paving way for upgrades.

Conclusion & Disclaimer

Overall market sentiment leans bullish, with indices eyeing fresh highs amid RBI support and global rate cut hopes. Investors should watch banking stocks like SBI Cards and infra plays like L&T for momentum. This is a pre-market snapshot at 8:30 AM IST—updates may evolve during the day.

Disclaimer: This aggregated data is for informational purposes only; consult a financial advisor before acting. Not investment advice. Past performance is no guarantee of future results.

Sources & Citations


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