Share Market News

GIFT Nifty:

The GIFT Nifty December futures contract is currently down 33 points, indicating a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,224.92 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,943.24 crore in the Indian equity market on 19 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 10069.97 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

The Dow Jones index futures were down 168 points, signaling a weak opening for U.S. stocks today.

Most Asian stocks declined on Friday as investors awaited the release of the U.S. Personal Consumption Expenditure (PCE) price index, a key inflation gauge, for further insights into the Federal Reserve's monetary policy stance.

Meanwhile, Japan's consumer price index (CPI) rose slightly more than expected in November. Core CPI, which excludes volatile fresh food items, increased to 2.7% year-on-year, exceeding the previous month's 2.3%.

The Bank of Japan (BOJ) held interest rates steady on Thursday, its final meeting of the year, and provided limited clues on future rate hikes. However, the central bank projected a gradual increase in inflation over the next year.

In Europe, the Bank of England also kept its policy rate unchanged at 4.75% on Thursday.

U.S. stock indices closed mixed on Thursday after a sharp decline the previous day. Investors remained cautious about the Fed's hawkish stance and the potential impact on the economy. The S&P 500 and the Nasdaq Composite fell 0.1%, and the Dow Jones Industrial Average closed 0.04% higher.

The U.S. House of Representatives rejected a Republican-backed funding bill on Thursday, increasing the risk of a government shutdown as the current funding deadline approaches midnight on Friday.

Domestic Market:

Key equity benchmarks tumbled for the fourth consecutive day on Thursday, fueled by negative global sentiment. The Federal Reserve's decision to slash interest rates by 25 basis points on Wednesday, its third consecutive rate reduction, provided some respite. However, the central bank's hawkish stance, signaling fewer rate cuts in 2025 due to persistent inflation and a robust economy, dampened market spirits. Volatility gripped the market as the weekly index options on the NSE expired. The S&P BSE Sensex tumbled 964.15 points or 1.20% to 79,218.05. The Nifty 50 index dropped 247.15 points or 1.02% to 23,951.70. In four consecutive trading sessions, the Sensex and Nifty plunged by 3.54% and 3.29%, respectively.

GIFT Nifty:

The GIFT Nifty December futures contract is currently up 46.50 points, indicating a positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,316.81 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,084.08 crore in the Indian equity market on 18 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 12,050.61 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

The Dow Jones index futures were up 97 points, signaling a strong opening for U.S. stocks today.

Asian stocks fell on Thursday, with technology shares leading the decline. This followed the Federal Reserve's decision to cut interest rates by 25 basis points on Wednesday, its third consecutive rate reduction. However, the Fed hinted at fewer rate cuts in 2025 due to persistent inflation and a resilient economy.

Investors are now focused on the Bank of Japan's policy decision later today. Market sentiment is divided over whether the bank will opt for a rate hike or maintain its current stance.

The Fed's rate cut brought the target range to 4.25%-4.50%. While Chair Jerome Powell emphasized that future rate reductions would depend on inflation progress, the central bank's updated economic projections suggest a less dovish stance than previously anticipated. Policymakers now foresee two 25-basis-point rate cuts next year, compared to the four cuts projected in September.

The Fed's projections also indicate that inflation remains above the 2% target. It expects inflation to be 2.4% this year and 2.5% next year. Additionally, the central bank forecasts slightly stronger economic growth and lower unemployment in 2025.

The prospect of higher-for-longer interest rates weighed heavily on Wall Street on Wednesday. Technology stocks bore the brunt of the sell-off, with NVIDIA, Tesla, Intel, and Broadcom experiencing significant declines.

The S&P 500 fell 3%, the NASDAQ Composite dropped 3.6%, and the Dow Jones Industrial Average declined 2.6%. The Dow's 10-day losing streak is its longest since 1974.

Domestic Market:

The key equity benchmarks plummeted for the third consecutive day on Wednesday. Investors were cautious ahead of the US Fed Reserve's interest rate outcome due later in the day. Persistent FII selling also dampened investor sentiment. The Nifty index closed below the 24,200 mark, despite touching an intraday high of 24,394.45 earlier in the session. PSU bank and metal stocks bore the brunt of the selling pressure, while pharmaceutical and healthcare sectors displayed relative resilience. The S&P BSE Sensex dropped 502.25 points or 0.62% to 80,182.20. The Nifty 50 index lost 137.15 points or 0.56% to 24,198.85. The 50-unit index is down 2.30% in three sessions.

GIFT Nifty:

The GIFT Nifty December futures contract is currently down 5 points, indicating a flat-to-negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 6,409.86 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,706.48 crore in the Indian equity market on 17 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 17349.20 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian shares mostly rose on Wednesday, shrugging off modest declines on Wall Street as investors awaited the Federal Reserve's final interest rate decision of the year. While a 25-basis-point rate cut is widely anticipated, the market is keenly focused on the Fed's outlook for next year, given the potential impact of proposed policies that could reignite inflationary pressures.

Japan's trade balance unexpectedly improved in November, supported by stronger-than-expected exports driven by increased demand from the U.S. and China and a weaker yen. The trade deficit narrowed to 117.6 billion yen ($770 million).

US indices retreated on Tuesday as investors exercised caution ahead of the rate decision, with the tech sector experiencing a slight pullback from recent gains. The S&P 500 fell 0.4% to 6050.61 points, the NASDAQ Composite lost 0.3% to 20,108.30 points, and the Dow Jones Industrial Average closed 0.6% lower at 43,449.90 points. NVIDIA Corporation dropped 1.2%, while Alphabet fell 0.5%. Pfizer rose 4.6% after confirming that its 2025 profit expectations remain largely unchanged.

Meanwhile, data showed US retail sales rose by 0.7% in November, exceeding forecasts. This robust figure suggests the economy remains strong and consumer spending remains healthy, despite challenges like inflation and high interest rates. This strength is underpinned by a solid job market and stable household finances.

Domestic Market:

The domestic equity benchmarks continued their downward spiral on Tuesday, marking their second consecutive day of significant losses. The Nifty closed below the 24,350 mark, dragged down by heavyweights like Reliance Industries, TCS, and HDFC Bank. PSU banks, metals, and energy stocks witnessed significant declines. Investors adopted a cautious stance ahead of a crucial week of central bank meetings. The S&P BSE Sensex tumbled 1,064.12 points or 1.30% to 80,684.45. The Nifty 50 index dropped 332.25 points or 1.35% to 24,336.

GIFT Nifty:

The GIFT Nifty December futures contract is currently down 18 points, indicating a negative start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 278.70 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 234.25 crore in the Indian equity market on 16 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 17293.61 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian shares were mixed on Tuesday as investors awaited a crucial week for central bank policy decisions. The U.S. Federal Reserve is widely expected to cut rates on Wednesday, while the Bank of Japan is likely to maintain its current stance.

This week sees policy meetings from central banks in the United States, Japan, UK, Sweden, Norway, Indonesia, and Thailand. The Bank of England, Norges Bank, and Bank of Thailand are anticipated to hold rates steady, while the Riksbank might opt for a rate cut. Bank Indonesia is expected to raise rates to support the weakening rupiah currency.

Data released on Monday revealed a steeper-than-expected slowdown in China's consumer spending during November, negatively impacting stocks. Retail sales rose only 3% year-on-year, which is the weakest growth in three months and significantly lower than October's 4.8% increase.

In the US, major US technology stocks continued their upward momentum on Monday, propelling the Nasdaq Composite to record highs. However, the Dow Jones Industrial Average lagged behind, reflecting ongoing investor uncertainty about economic policies under the new administration.

The S&P 500 rose 0.38% to 6,074.10 points, while the NASDAQ Composite surged 1.24% to a record high of 20,204.58 points. The Dow Jones Industrial Average fell 0.25% to 43,717.48 points.

The chip sector experienced a rally, mirroring Broadcom Inc.'s continued gains fueled by strong earnings and guidance related to artificial intelligence. The prospect of lower interest rates in the near future also boosted other prominent tech companies like Apple, Amazon, and Alphabet.

Domestic Market:

Domestic equity indices concluded Monday's trading session with modest declines. The Nifty 50 index closed below the 24,700 mark, reflecting a cautious sentiment among investors. While the realty sector rallied, metal and IT stocks experienced downward pressure. Global markets were muted as investors braced for potential rate decisions by the Federal Reserve and other central banks this week. The S&P BSE Sensex dropped 384.55 points or 0.47% to 81,748.57. The Nifty 50 index fell 100.05 points or 0.40% to 24,668.25.

GIFT Nifty:

The GIFT Nifty December futures contract is currently up 18 points, indicating a mildly positive start for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 2,335.32 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 732.20 crore in the Indian equity market on 13 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 14435.71 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Most Asian stocks declined Monday ahead of a swath of Chinese data and following a vow from the nation’s regulators to stabilize markets. Investors readied themselves for the final full week of trading this year with a series of central bank meetings including the Fed, Bank of Japan and Bank of England.

South Korea’s shares and the won rose after President Yoon Suk Yeol was impeached on the weekend.

Meanwhile, the au Jibun Bank Japan manufacturing PMI read 49.5 in the first two weeks of December, compared to expectations of 49.2. The reading improved from 49.0 seen in the prior month.

The au Jibun Bank Japan Services PMI rose to 51.4 in December from 50.5 in the prior month, pushing further into expansion territory.

A reading below 50 indicates contraction, with the manufacturing PMI now shrinking for a sixth straight month.

U.S. stocks witnessed a subdued session on Friday as recent economic data showed inflation remaining sticky in November- a trend that could limit the Fed’s plans to lower interest rates.

The Fed is widely expected to cut interest rates by 25 basis points at the conclusion of a two-day meeting on Wednesday, after the central bank kicked off an easing cycle earlier in the year. The move will bring rates down by a total of 100 bps in 2024.

The Dow Jones Industrial Average fell 86.06 points, or 0.20%, to 43,828.06, the S&P 500 lost 0.16 point, or 0.00%, to 6,051.09 and the Nasdaq Composite gained 23.88 points, or 0.12%, to 19,926.72.

Domestic Market:

Domestic equity indices concluded a volatile trading session on a strong note on Friday, driven by a recovery in key sectors. The Nifty 50 index opened lower, hitting a day's low of 24,180.80 during the mid-morning session. However, it staged a significant recovery and closed above the 24,750 mark. FMCG and consumer durables stocks emerged as top performers for the day. The S&P BSE Sensex advanced 843.16 points or 1.04% to 82,133.12. The Nifty 50 index gained 219.60 points or 0.89% to 24,768.30.

GIFT Nifty:

The GIFT Nifty December futures contract is currently flat, indicating a muted start for the Nifty 50.

Economy:

India's Consumer Price Index (CPI) inflation for the month of November 2024 eased to 5.48% as against 6.21% in October 2024. The retail inflation has fallen within the Reserve Bank of India’s target range of 2-6%.

The Index of Industrial Production saw a growth rate of 3.5% in October 2024, as against 3.1% in September.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,560.01 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,646.65 crore in the Indian equity market on 12 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 18016.91 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian equities traded mixed on Friday, with investors taking a cautious stance ahead of the Federal Reserve's upcoming policy meeting next week.

China's top leaders have announced plans for further stimulus measures to bolster the country's economy. This decision, made during the annual meeting of the Chinese Communist Party and the cabinet, involves increasing the budget deficit, borrowing more, and lowering interest rates. This aggressive approach is a departure from previous years of weaker growth and declining consumer demand. The government aims to maintain economic growth and stability in employment and prices for the upcoming year.

US stocks closed lower on Thursday as Treasury yields climbed following a hotter-than-expected inflation report. The Dow Jones Industrial Average fell 0.53%, the S&P 500 index lost 0.54%, and the NASDAQ Composite index declined 0.65%.

While US consumer price index data released on Wednesday was largely in line with expectations, producer prices rose more than anticipated in November, increasing 0.4% last month, ahead of the expected 0.2% gain. In the 12 months through November, the PPI shot up 3.0% after increasing 2.6% in October. This suggests underlying inflationary pressures may persist.

Adobe Systems Incorporated stock plummeted over 14% after the software giant issued a disappointing annual sales outlook. The company's recent efforts to incorporate artificial intelligence into its offerings appear to be taking longer than expected to generate significant returns.

Domestic Market:

The domestic equity benchmarks ended with modest losses on Thursday. After hitting the day's high of 24,675.25 in early trade, the Nifty slipped as the session progressed to end below the 24,550 mark. Trading was volatile due to expiry of weekly index options on the NSE today. Traders were cautious ahead of retail inflation data outcome today, and Friday’s WPI inflation data. Barring IT sector, most sectoral indices on he NSE ended in the red with FMCG index shedding 1%. The S&P BSE Sensex declined 236.18 points or 0.29% to 81,289.96. The Nifty 50 index fell 93.10 points or 0.38% to 24,548.70.

GIFT Nifty:

The GIFT Nifty December futures contract is currently trading 36.50 points lower, suggesting a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,012.24 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,007.85 crore in the Indian equity market on 11 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 18170.49 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Most Asian stocks rose Thursday after US equities rallied on Wednesday following benign inflation data. This fueled expectations of a potential Federal Reserve interest rate cut this month.

In Asia, key economic reports are due today: Australia's labor market data and India's inflation and industrial production figures. China's Central Economic Work Conference is also underway, where policymakers are expected to outline next year's economic policies, likely including stimulus measures.

US markets surged on Wednesday, with the Nasdaq Composite hitting a record high. Tech stocks, particularly Tesla and NVIDIA, rallied sharply on the prospect of lower interest rates and potential easing of regulatory scrutiny. Artificial intelligence optimism also contributed to the gains.

The NASDAQ Composite surged 1.8% to a record high of 20,033.61 points, while the S&P 500 rose 0.8% to 6,084.19 points. The Dow Jones Industrial Average lagged, falling 0.2% to 44,148.56 points.

The US consumer price index (CPI) rose by 2.7% last month, accelerating slightly from 2.6% in October, while stripping out more volatile items like food and fuel, the "core" number climbed by 3.3% in the twelve months to July, also in line with expectations.

Domestic Market:

The domestic equity benchmarks concluded Wednesday's trading session with marginal gains, as investors adopted a cautious stance ahead of key economic data releases. The Nifty 50 index managed to hold above the 24,600 level. While consumer durables and FMCG stocks witnessed buying interest, bank stocks faced selling pressure. The S&P BSE Sensex rose 16.09 points or 0.02% to 81,526.14. The Nifty 50 index added 31.75 points or 0.13% to 24,641.80.

GIFT Nifty:

The GIFT Nifty December futures contract is currently trading 14 points higher, suggesting a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,285.96 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 605.79 crore in the Indian equity market on 10 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 16947.89 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian markets traded in mixed territory on Wednesday as investors eagerly awaited the release of key US inflation data. The data is expected to provide crucial insights into the Federal Reserve's potential interest rate decision next week.

Meanwhile, China is gearing up for its annual economic work conference, where policymakers will outline the nation's economic agenda for the coming year. Recent strong stimulus signals from top Chinese leaders have boosted market sentiment, with President Xi Jinping expressing confidence in achieving the country's growth target.

In the US, stocks retreated for a second consecutive day, primarily due to weakness in the technology sector. Investors remained cautious ahead of the inflation report and the upcoming Federal Reserve meeting. The S&P 500 fell 0.3% to 6,034.91 points on Tuesday. The NASDAQ Composite fell 0.2% to 19,688.98 points, while the Dow Jones Industrial Average fell 0.4% to 44,247.83 points. 

Google owner Alphabet Inc was a standout performer, rising 0.6% after-hours following a 5.6% jump during the session. The company announced a new breakthrough in quantum computing, which could herald a sharp increase in computing speeds. 

Investors are also seeking more cues on what President-elect Donald Trump’s policies will entail for inflation and the economy, with his plans for increased trade tariffs expected to increase price pressures. 

Domestic Market:

Key benchmark indices concluded Tuesday's volatile trading session on a flat note. The Nifty 50 index closed below the 24,650 mark after reaching an intraday high of 24,677.80. While the realty and IT sectors witnessed buying interest, media and energy stocks experienced downward pressure. After a muted start, the market exhibited positive momentum in the first half. However, profit-booking activities in the latter half pulled the Nifty into negative territory.

Market participants are keenly awaiting crucial economic data releases. The US CPI data on December 11, India's CPI data on December 12, and the US Federal Reserve's interest rate decision on December 18 are expected to significantly influence market sentiment.

The S&P BSE Sensex rose 1.59 points to 81,510.05. The Nifty 50 index lost 8.95 points or 0.04% to 24,610.05.

GIFT Nifty:

The GIFT Nifty December futures contract is currently trading 15 points lower, suggesting a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 724.27 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,648.07 crore in the Indian equity market on 9 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 16358.11 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Most Asian stocks climbed on Tuesday, led by a surge in Chinese equities. This uptick was triggered by the Chinese government's announcement of significant policy changes for 2025.

China's Politburo, the country's top decision-making body, signaled a shift towards a more accommodative monetary policy. This departure from the previous "prudent" stance is expected to stimulate the economy and support stock and property markets. The Politburo also pledged to boost domestic consumption and demand, indicating a potential increase in targeted stimulus measures.

Investors are now awaiting the Central Economic Work Conference, scheduled to begin on Wednesday, for further details on China's economic plans. Analysts anticipate the conference to outline specific policy priorities and the annual growth target.

Beyond China, market participants are closely monitoring the Reserve Bank of Australia's monetary policy decision, due later today.

US stocks closed lower on Monday, with the Dow Jones Industrial Average hitting a 1.5-week low. Profit-taking and long liquidation pressured the market ahead of the release of crucial US inflation data on Wednesday. Rising Treasury yields and heightened geopolitical tensions in the Middle East, following the fall of the Assad regime in Syria, also weighed on investor sentiment.

The Dow Jones Industrial Average fell 0.54%, while the S&P 500 index fell 0.61%, and the NASDAQ Composite index fell 0.60%.

Nvidia shares declined 2.6% during regular trading hours and further dipped 0.6% in after-hours trading, amid reports of an antitrust investigation by Chinese authorities.

Oracle Corporation's stock plummeted nearly 8% in after-hours trading after the company reported weaker-than-expected quarterly earnings, highlighting increased competition in the cloud computing sector from major players like Microsoft and Amazon.

Domestic Market:

Key equity benchmarks closed lower on Monday as investors braced for key economic data releases. US CPI data on December 11 and India's CPI data on December 12, as well as the US Federal Reserve's interest rate decision on December 18, are closely watched. The Nifty index fell below 24,620, pressured by a sell-off in FMCG stocks. Godrej Consumer's shares slumped 9% following a weaker-than-expected Q3 business update. The S&P BSE Sensex declined 200.66 points or 0.25% to 81,508.46. The Nifty 50 index lost 58.80 points or 0.24% to 24,619.

GIFT Nifty:

The GIFT Nifty December futures contract is currently trading 7.50 points higher, suggesting a flat-to-positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,830.31 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,659.06 crore in the Indian equity market on 5 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 17921.66 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian stocks kicked off the week on a somber note Monday, as investors grappled with South Korea's political turmoil and awaited fresh stimulus measures from China. Oil prices remained steady following the dramatic fall of the Syrian government.

Investors are gearing up for a pivotal week, marked by a flurry of central bank decisions across four continents, a crucial meeting of Chinese officials, and the release of key US inflation data. This flurry of economic events will shape investment strategies for the remainder of 2024 and set the stage for 2025.

Last Friday, US indices hit record highs on Friday, where technology stocks continued to push higher as stronger-than-expected nonfarm payrolls data did little to deter bets on a December rate cut. Markets were also seeking more cues on what President-elect Donald Trump’s policies will entail for the U.S. in the coming years.

The S&P 500 rose 0.3% to 6,090.27 points on Friday, while the NASDAQ Composite rose 0.8% to 19,859.77 points, with both indexes eking out record highs. The Dow Jones Industrial Average lagged, falling 0.3% to 44,642.52 points.

Nonfarm payrolls increased by 227,000 jobs last month, above the expected 202,000, after rising an upwardly revised 36,000 in October as the labor market reeled from Hurricanes Helene and Milton as well as a big strike at Boeing factories in the West Coast.

Investors were waiting to see what a major regime change in Syria will entail for geopolitics in the Middle East, after rebel forces ousted President Bashar al-Assad and took control of Damascus, ending 13 years of civil war. Media reports said al-Assad had landed in Moscow, while Israeli forces had entered Syria.

US investors are eagerly awaiting the release of consumer price index inflation data on Wednesday. This key economic indicator will provide further insights into the health of the US economy and the future trajectory of interest rates.

Domestic Market:

The domestic equity benchmarks concluded a volatile trading session on Thursday, ending a five-day winning streak. The Nifty 50 index closed below the 24,700 level, despite hitting an intraday high of 24,751.05. Sectorally, metal and auto stocks emerged as top performers, while banking and IT stocks witnessed a decline. The barometer index, the S&P BSE Sensex was down 56.74 points or 0.07% to 81,709.12. The Nifty 50 index lost 30.60 points or 0.12% to 24,677.80.

The market's movement was largely influenced by the Reserve Bank of India's (RBI) monetary policy decision. While the central bank maintained the repo rate, it reduced the cash reserve ratio (CRR) to ease liquidity conditions. The RBI expressed optimism about improving demand trends and industrial growth, driven by increased government spending and stronger rural demand. However, persistent inflationary pressures have pushed back the timeline for the next rate cut to February 2025.

GIFT Nifty:

The GIFT Nifty December futures contract is currently trading 34 points lower, suggesting a negative opening for the Nifty 50.

The Reserve Bank of India's Monetary Policy Committee (MPC) will conclude its three-day meeting today, December 6th, 2024. The outcome of the meeting, including any decisions on interest rates and monetary policy, will be announced by RBI Governor Shaktikanta Das by 10 AM.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 8,539.91 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 2,303.64 crore in the Indian equity market on 5 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 8500.07 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian shares were mixed on Friday. All eyes are on the U.S. nonfarm payrolls report due in the day that may help shape the direction of the Federal Reserve's policy path later this month.

In Asia, key economic data releases include India's interest rate decision and Malaysia's foreign reserves. China's November foreign reserves data may also be released today.

US stock markets pulled back from record highs on Thursday as investors took a cautious approach ahead of the payrolls report. The S&P 500 declined 0.2%, the NASDAQ Composite fell 0.2%, and the Dow Jones Industrial Average dropped 0.6%. Technology stocks, a major driver of recent market gains, retreated, while economically sensitive sectors like energy, financials, and industrials also lost ground.

US initial jobless claims rose to 224,000 for the week ended November 30th, up from the previous week's revised figure of 215,000.

The upcoming US nonfarm payrolls report will be closely watched by investors and policymakers alike. A strong reading could reinforce expectations of economic recovery and support further normalization of monetary policy.

Meanwhile Bitcoin tumbled from record highs above the coveted $100,000 level, as it was slapped with heavy profit-taking.

Domestic Market:

The domestic equity benchmarks advanced for the fifth consecutive session on Thursday, with the Sensex and Nifty closing at near two-month highs. IT and energy shares were in demand. The rally was fueled by expectations of a potential rate cut by the Reserve Bank of India (RBI) and liquidity measures to bolster economic growth.

The S&P BSE Sensex surged 809.53 points or 1% to 81,765.86. The Nifty 50 index jumped 240.95 points or 0.98% to 24,708.40. The 50-unit index has risen 3.32% in five sessions.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 31 points higher, indicating a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,797.60 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 900.62 crore in the Indian equity market on 4 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 5688.23 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian stocks were mixed on Thursday as investors grappled with ongoing political crises in France and South Korea.

Japanese and Australian equities advanced, while South Korean shares declined after the opposition party initiated impeachment proceedings against President Yoon Suk Yeol following his controversial declaration of martial law.

In France, Prime Minister Michel Barnier's government was ousted by lawmakers just three months after its formation, plunging the country into further political uncertainty. This follows President Macron's failed attempt to secure a parliamentary majority in recent elections, leaving him without a clear path forward.

Meanwhile, US stock markets closed at record highs on Wednesday, driven by strong earnings reports, particularly from Salesforce, and continued optimism surrounding tech giants like NVIDIA.

The S&P 500 rose 0.6% to a record high of 6,086.49 points, while the NASDAQ Composite rose 1.3% to a peak of 19,732.87 points. The Dow Jones Industrial Average ended up 0.7% at a record high of 45,014.04 points.

Federal Reserve Chair Jerome Powell's comments on the US economy also boosted investor sentiment. Powell expressed confidence in the economy's strength and indicated that the Fed may adopt a more cautious approach to future rate cuts.

Market participants are now eagerly awaiting the release of the US nonfarm payrolls report on Friday, which is expected to provide insights into the labor market's health and its potential impact on interest rate policy.

Domestic Market:

The domestic equity benchmarks concluded Wednesday's trading session with modest gains, marking their fourth consecutive day of upward momentum. The Nifty 50 index managed to hold above the 24,450 level. PSU banks, realty and financial services stocks were in demand. However, FMCG and auto shares declined. The Nifty 50 remained volatile throughout the day as investors adopted a cautious approach ahead of the Reserve Bank of India's (RBI) upcoming monetary policy announcement. While a positive sentiment prevailed for a significant portion of the session, profit-booking in select heavyweight stocks capped the upside potential.

The S&P BSE Sensex was up 110.58 points or 0.14% to 80,956.33. The Nifty 50 index added 10.30 points or 0.04% to 24,467.45.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 40 points higher, indicating a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 3,664.67 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 250.99 crore in the Indian equity market on 3 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 304.56 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

The Dow Jones index futures were up 100 points, signaling a positive opening for U.S. stocks today.

Asian stocks were mixed on Wednesday following South Korean President Yoon Suk Yeol's surprising decision to impose martial law, a move that he reversed just hours later, unsettling global markets.

The benchmark Kospi Index dropped as much as 2% in early Wednesday trading, reflecting the sharp decline in South Korea-related assets during overnight sessions.

Yoon Suk Yeol's attempt to impose martial law on Wednesday was short-lived and met with significant resistance. Lawmakers defied security forces and voted against the declaration, while thousands of protesters took to the streets, expressing opposition to the unprecedented move.

In the US, indices reached record highs on Tuesday, driven by gains in major technology stocks, though the pace of the rally appeared to be slowing due to growing uncertainty about the economic outlook. The S&P 500 edged up 0.1% to close at 6,049.88, while the NASDAQ Composite rose 0.4% to finish at 19,478.89. In contrast, the Dow Jones Industrial Average dipped 0.2% to 44,705.53.

Technology stocks continued to benefit from optimism surrounding artificial intelligence, a sector expected to maintain robust momentum in the months ahead. Additionally, the prospect of lower interest rates provided further support for the tech-heavy market.

Meanwhile, investors are eyeing this week’s critical jobs data and Federal Reserve Chair Jerome Powell’s upcoming remarks for potential signals on whether the Fed will consider cutting rates in December.

Domestic Market:

Domestic equity benchmarks advanced on Tuesday, marking their third consecutive day of gains. The Nifty 50 index closed above the 24,450 level, driven by strong performances in the PSU bank and metal sectors. The rally has been fueled by optimism surrounding the government's increased capital expenditure spending and expectations of a favorable monetary policy decision from the Reserve Bank of India's Monetary Policy Committee meeting later this week.

The S&P BSE Sensex jumped 597.67 points or 0.74% to 80,845.75. The Nifty 50 index gained 181.10 points or 0.75% to 24,457.15. The 50-unit index has risen 2.27% in three sessions.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 4.50 points higher, indicating a flat-to-positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 238.28 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,588.66 crore in the Indian equity market on 2 December 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 2999.02 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian equities rose on Tuesday, buoyed by positive sentiment from the US stock market. Investors are gearing up for a flurry of economic data and commentary from Federal Reserve officials, which will shape expectations for future interest rate decisions.

The US dollar rebounded from a three-day decline following a stern warning from the incoming administration to BRICS nations.

In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%, while Tesla shares retreated in after-hours trading after a Delaware judge rejected a generous compensation package for CEO Elon Musk. The Dow Jones Industrial Average dipped 0.29%.

Tesla shares surged over 3%, building on recent gains. This followed Roth MTM's upgrade to "buy" from "neutral," which cited the potential benefits of the EV maker's CEO's close ties with the incoming administration.

Domestic Market:

The key equity benchmarks ended a volatile session on a positive note on Monday, rising for the second day in a row. The Nifty settled above the 24,250 mark after hitting the day’s low of 24,008.65 in early trade. The market opened on a cautious note but gained momentum in the second half of the trading session. Key sectors driving the rally included realty, consumer durables and healthcare. Positive Asian cues supported buying sentiment.

The S&P BSE Sensex advanced 445.29 points or 0.56% to 80,248.08. The Nifty 50 index gained 144.95 points or 0.60% to 24,276.05.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 70.50 points lower, indicating a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,383.55 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,723.34 crore in the Indian equity market on 29 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 39315.78 crore in November 2024.

Global Markets:

The Dow Jones index futures were down 78 points, signaling a negative opening for U.S. stocks today.

Most Asian stocks advanced after US shares rose Friday as global markets enter a seasonally strong period.

Meanwhile, Chinese economic data pointed to a mixed picture. The country's factory activity expanded in November as the official manufacturing index picked up. However, the non-manufacturing sector slipped slightly. The value of new home sales fell last month from a year earlier to 363 billion yuan ($50 billion), reversing October gains. The stock market benchmark—CSI 300—closed Friday's session with gains of 1.14%.

US stock indices surged to record highs on Friday, driven by positive economic indicators and expectations of a Federal Reserve rate cut in December.

The S&P 500 rose 0.6% to a record high of 6,032.4 points, while the Dow Jones Industrial Average rose 0.4% to a peak of 44,910.65 points. The NASDAQ Composite rose 0.8% to 19,218.17 points, but remained below recent record highs.

Trump on Sunday threatened to impose “100% tariffs” on the BRICS bloc of countries, which includes China. Trump criticized the bloc’s attempts to form its own currency and shift away from the U.S. dollar, threatening to cut the bloc off from U.S. trade over the move. He called for commitments to the dollar from the bloc.

Domestic Market:

The domestic equity benchmarks staged a recovery on Friday, rebounding from the previous session's decline. A surge in pharma, infrastructure, and energy stocks buoyed market sentiment, pushing the Nifty index above the 24,100 level. However, analysts remain cautious, citing ongoing FII selling as a significant headwind. They advise investors to adopt a wait-and-watch approach and avoid aggressive buying until a clearer market trend emerges.

The S&P BSE Sensex soared 759.05 points or 0.96% to 79,802.79. The Nifty 50 index gained 216.95 points or 0.91% to 24,131.10.