At 7:50 AM, GIFT Nifty futures traded 20 points lower at 26,193, signalling a flat-to-negative start for Indian equities.
With the RBI Monetary Policy Committee (MPC) meeting beginning today, along with India’s November Services and Composite PMI data, markets are expected to see cautious but sentiment-driven trade. A busy IPO lineup and upbeat global cues may help offset recent weakness.
Previous Close
Sensex: 85,138.27 (▼503.63 / 0.59%)
Nifty50: 26,032.20 (▼143.55 / 0.55%)
Global Markets
Asian equities opened higher, tracking overnight gains on Wall Street and a rebound in cryptocurrencies.
Nikkei 225: ▲0.76%
Kospi: ▲1.06% (Q3 GDP revised to 1.8% YoY)
ASX 200: ▲0.32% (Q3 GDP misses expectations)
US futures held steady after indices closed higher on Tuesday:
Dow Jones: ▲0.39%
S&P 500: ▲0.25%
Nasdaq: ▲0.59%
Investors will watch US trade data, global PMI prints, and ECB President Lagarde’s speech.
IPO Buzz Today
A heavy primary market lineup opens for subscription:
Mainboard IPOs launching today
Vidya Wires
Aequs
Meesho
Shri Kanha Stainless (SME)
Ongoing SME IPOs
Day 2: Neochem Bio, Helloji Holidays
Day 3: Ravelcare, Clear Secured Services, Speb Adhesives, Invicta Diagnostic, Astron Multigrain
Allotments Today
Purple Wave, Logiciel Solutions, Exato Technologies (SMEs)
Rupee Watch
The rupee extended losses, slipping to a fresh closing low of 89.88 per dollar, pressured by short-covering and steady importer demand. The currency briefly touched 89.96 intraday.
Banking Sector Outlook
Public sector banks could see improving loan growth and profitability, with NIMs likely bottoming out in Q2FY26. System credit growth may rise to 13–14% YoY, supported by fiscal and monetary tailwinds.
Sector Spotlight: Capital Goods
Motilal Oswal highlights resilient execution trends in industrials, defence, and railways. Revenue visibility remains strong despite a softer base in private capex.
Stocks to Watch
Adani Enterprises: ADL allots 49% equity to MSM Group S.R.O.
Sun Pharma: ₹3,000 crore greenfield formulations facility approved.
LIC: Ramakrishnan Chander appointed as MD from Dec 1.
Cohance Lifesciences: To infuse up to $10 million into NJ Bio Inc.
Gold & Silver
Gold (24K): ₹1,29,860/10g (▼₹10)
Silver: ₹1,87,900/kg (▼₹100)
Technical Setup – Nifty
Key support: 25,968 (20-day EMA)
A breach may open downside to 25,842
Resistance on rebound: 26,300.
