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ManufacturingInfrastructurePre-market

Nomura forecasts stable public capex, private revival by 2026

pre-market1 source ↓written by the desknot a recommendation

Nomura advises a selective, bottom-up approach for investors in the capital goods sector as they anticipate stable public sector capex and a revival in private capex in the latter half of CY26. The brokerage highlights the importance of cost optimisation and operating leverage to manage margin pressures from commodity volatility. Key picks include L&T, CG Power, HAL, GE Vernova, and ABB.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Dec 2025, 07:04 IST.

Sourcesnews.google.com

The market after the news

LT closed −1.1% on the day of the news, from ₹4,030.50 to ₹3,988.00; Nifty −0.2% over the same session; futures OI −0.6%.

Bulletin at 07:04 IST on 3 Dec 2025. Every change is measured from ₹4,030.50, the last close before it, on 2 Dec. Nifty 50 is measured over the same sessions.

  • LT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
LT closes around the bulletin against the close before the news, with Nifty 50 rebased to it371540314346axis spans 17%before the news · 2 Dec4031Nifty 50LTbulletinD0+1+3+526 Nov8 Dec17 DecFutures open interest, lotspeak 79,000Reference close ₹4,030.50. 16 sessions from 26 Nov to 17 Dec; the price axis spans 17 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before2 Dec₹4,030.50basebase
On the day3 Dec₹3,988.00▼ −1.1%▼ −0.2%−0.9 pp difference
+1 session4 Dec₹3,983.60▼ −1.2%0.0%−1.2 pp difference
+3 sessions8 Dec₹3,996.70▼ −0.8%▼ −0.3%−0.6 pp difference
+5 sessions10 Dec₹3,991.30▼ −1.0%▼ −1.1%+0.1 pp difference
Gap at the open, % · ₹
0.0%+1.61 on 3 Dec
Day's range, % · ₹
1.9%≈ 77 high to low
Volume on the day
0.71×the 20-session average
Futures OI on the day
▼ −0.6%−500 lots · long unwinding · price −1.1%
Futures OI open, lots
78,0003 Dec · 30 Dec expiry
Futures premium, ₹
+15.20+0.4% to spot
Puts per call, by OI
0.71from 0.78 the session before
Max pain
4,020from 4,060 the session before

Source NSE UDiFF bhavcopy · LT on the desk →

Thread · LTAll LT bulletins →

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