Indian equity benchmarks are expected to begin Tuesday’s session on a cautious note as sustained foreign portfolio investor (FPI) outflows and continued weakness in the rupee dampen market sentiment. Early indicators from Gift Nifty, trading near the 26,030 level, suggest a flat-to-negative start for domestic indices, with broader markets likely to remain under selling pressure.
Global cues remain mixed. US equities closed lower overnight amid a risk-averse mood ahead of crucial economic releases, including non-farm payrolls, retail sales and inflation data. Asian markets have also opened lower as investors remain wary ahead of the Bank of Japan’s forthcoming monetary policy decision.
From a derivatives perspective, analysts point to a guarded yet stable setup. Put writers are adding positions near at-the-money strikes, offering near-term support during intraday declines. Meanwhile, call writers are shifting positions to higher strike prices, indicating consolidation rather than a sharp directional move.
Despite persistent FPI selling and the rupee hovering close to record lows, steady participation from domestic institutional investors and retail participants is expected to cushion sharper downside risks in the near term.
Market Snapshot (Morning Trade)
Nifty Spot: 26,027
Highest Open Interest (16 Dec Expiry):
Call: 26,900
Put: 26,100
Nifty 50 EMA: 25,758
Nifty 200 EMA: 24,957
India VIX (PE): 22.2
Cash Market Turnover: ₹64,000 crore
FII Index Long Futures: Increased to 11% from 10%
Global Indicators
S&P 500: Down 0.16%
Brent Crude: $60.2 per barrel
Dollar Index: 98.2
USD/INR: 91.1
Key Corporate Developments
Inox Wind
The company has secured a repeat 100 MW wind power order from Jakson Green. With this addition, Inox Wind’s total order inflow for FY26 has reached 600 MW.
Intellect Design Arena
The company has mutually agreed with Itixa Limited to discontinue plans for a proposed joint venture in GIFT City, Gujarat.
Greenpanel Industries
Greenpanel has introduced Duroboil™, positioned as India’s strongest and heaviest boiling water-proof high-density fibreboard (BWP HDF).
Zaggle Prepaid Ocean Services
The company has entered into an advertising agreement with Bennett, Coleman & Company to promote its products and services across media platforms.
Economy & Trade Updates
India’s November 2025 trade data shows signs of improvement, supported by a sharp decline in gold and silver imports and a broad-based recovery in exports. Merchandise exports rose 11% month-on-month to $38 billion, while the goods trade deficit narrowed to a four-month low of $24.5 billion. Services exports and electronics shipments remained resilient, partially offsetting global demand concerns.
Economists note that while the data is encouraging, volatility persists, and external factors such as global trade negotiations and geopolitical developments will continue to influence medium-term export performance.
International Business
Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has won a $250 million contract to build the African Export-Import Bank’s African Trade Centre in Egypt’s New Administrative Capital. The project will serve as Afreximbank’s global headquarters and include hospitality, residential, conference, and trade-support infrastructure.
