India stock benchmarks set for third session of losses as financials drag

Bajaj Finance

02/12/2025 07:12

** Nifty 50 .NSEI, Sensex .BSESN down 0.5% each; set for third straight session of losses

** Heaviest weighted financials .NIFTYFIN lose 0.6%, dragging benchmarks the most

** HDFC Bank HDBK.NS, ICICI Bank ICBK.NS fall ~1% each as their weight in Nifty Bank index .NSEBANK set to drop

** NSE revises criteria for NSEBANK, capping weightage of top three lenders at 43%

** Concerns over foreign outflows weigh; rupee hits fresh all-time low

** Of 16 major sectors, 15 decline; small-caps .NIFSMCP100 down 0.5%, mid-caps .NIFMDCP100 dip 0.2%

** Investors awaiting RBI decision this week, update on India-U.S. trade deal for further cues after benchmarks hit record highs on Monday

** Bajaj Housing Finance BAJO.NS drops 6% as parent Bajaj Finance BJFN.NS plans 2% stake sale in housing financier

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))