SENSEX recovers 153 pts, NIFTY50 hovers around 26,000 in noon deals; JSW Steel, Vedanta, IndiGo among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, recovered from their intraday lows and moved into the green during Thursday’s afternoon session, supported by gains in IT stocks as the rupee hit another record low of 90.42 against the US Dollar.

The SENSEX advanced as much as 0.45% to an intra-day high of 85,487.21. Meanwhile, the NIFTY50 touched the session’s high of 26,098.25.

At 12:40 PM, the S&P BSE SENSEX fell by 144.91 points, or 0.17%, to 85,251.73. It also recovered by 153.02 points from the session’s low. NSE’s NIFTY50 was trading at 26,028.20, marking a 42.20 points, or 0.16% increase.

The top gainers of the NIFTY50 index included Tata Consultancy Services (1.83%), Tech Mahindra (1.70%), SBI Life Insurance Company (1.55%), HCL Technologies (1.31%) and Infosys (1.12%).

On the flipside, InterGlobe Aviation (-1.44%), Kotak Mahindra Bank (-0.97%), Dr. Reddy's Laboratories(-0.85%), Maruti Suzuki India (-0.57%) and State Bank of India (-0.58%) were among the top losers.

Buzzing stocks on December 4: Check list

Shares of Vedanta surged 1.87% to reach a 52-week high of ₹543 apiece on the National Stock Exchange (NSE) on Thursday.

This comes after the NCLT Kolkata approved the mining conglomerate’s ₹545 crore resolution plan for 100% acquisition of Incab Industries Ltd under the Insolvency and Bankruptcy Code (IBC) process, it stated in a regulatory filing on December 3.

Stock of Indian Energy Exchange (IEX) soared as much as 5.96% to an intra-day high of ₹151.76 per equity share, a day after it posted its market update for November 2025.

In a regulatory filing dated December 3, IEX reported a 17.7% surge in its trade volume at 11,409 million units in November compared to the corresponding month of the previous year.

A total of 4.74 lakh Renewable Energy Certificates were traded during the month, it stated.

It said that enhanced hydro, wind, and solar generation resulted in higher supply liquidity on the exchange platform, leading to a decline in DAM (day-ahead market) and RTM (real-time market) prices.

Shares of JSW Steel advanced nearly 2% to an intra-day high of ₹1,165 on, following the complete acquisition of Saffron Resources Private Limited. Furthermore, it also formed a joint partnership with Japan’s JFE Steel.

“…we hereby inform you that the Company has completed the acquisition of 100% equity interest in Saffron Resources Private Limited (“Saffron”) today, i.e., December 3, 2025, in accordance with the Share Purchase Agreement as amended from time to time. Consequently, Saffron has now become a wholly-owned subsidiary of the Company,” the company had said in a regulatory filing on Wednesday.

In a separate filing, JSW Steel had also informed that it entered into a strategic joint venture partnership with Japan’s JFE Steel Corporation.

Under the partnership, the steel business undertaking of JSW Steel’s subsidiary, Bhushan Power and Steel Ltd (BPSL), will be transferred to a 50:50 joint venture (JV) with JFE by way of a slump sale for a cash consideration of ₹24,483 crore, it added.

Stock of InterGlobe Aviation, the operator of IndiGo airline, declined as much as 3.4% to the session’s low of ₹5,405 per equity share, as IndiGo’s operations have been significantly disrupted across the network for the past two days.

IndiGo has cancelled over 180 flights from 3 major airports on Thursday, a PTI report, citing sources, said.

Furthermore, IndiGo cancelled more than 100 flights at various airports, and scores of services were delayed on Wednesday as the country's largest airline grappled with significant operational disruptions, mainly due to crew shortages, according to a separate PTI report.

Shares of Mukka Proteins rallied 19.98% to an intra-day high of ₹30.26 apiece on the NSE on December 4.

This comes after its joint venture (JV) with Hardik Gowda and MS Jathin Infra Pvt Ltd received a work order valued at ₹474.89 crore from Bengaluru Solid Waste Management Limited (BSWML).

The order is for the treatment and disposal of legacy leachate accumulated in Mittaganahalli & Kannur Landfill sites, the company said in a regulatory filing on Wednesday.

Hindustan Copper shares gained as much as 6.66% to the session’s peak of ₹361.80 apiece on Thursday, after copper futures surged to their lifetime highs.

On the Multi-Commodity Exchange (MCX), copper futures for December 31 delivery rose 1% to a record high of ₹1,087.20 per kilogram. Red metal contracts for the January expiry also advanced to an all-time high of ₹1,095.45 per kilogram.

Shares of Best Agrolife advanced nearly 7% to an intra-day high of ₹415 apiece on the NSE.

This comes after its board of directors, at its meeting on December 3, approved the subdivision of shares, along with the issue of bonus equity shares.

“Sub-division of 1 (one) equity share of face value of ₹10 each fully paid up into 10 (ten) equity shares of face value of ₹1 each fully paid-up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders,” it said.

It also approved the issue of bonus equity shares in a 1:2 ratio; i.e, issuance of one bonus share of ₹1 for every 2 equity shares of ₹1 each fully paid-up