Both the Nifty and Sensex have lost about 0.7 per cent each in the last three sessions after scaling record peaks after 14 months last week
| Photo Credit:
gorodenkoff
GIFT Nifty futures were trading at 26,196 as of 07:52 a.m. IST, indicating that the Nifty 50 will open above Tuesday’s close of 26,032.2.
Both the Nifty and Sensex have lost about 0.7 per cent each in the last three sessions after scaling record peaks after 14 months last week, boosted by improving earnings, stable growth and supportive fiscal and monetary policies.
Domestic investors remained buyers at record levels, but foreign investors offloaded Indian shares for four consecutive sessions, with outflows worth ₹3,642 crore ($405.3 million) on Tuesday, pressuring the rupee, which weakened to a record low of 90 per US dollar.
Investors are awaiting the RBI’s policy decision on Friday, amid expectations that robust economic growth might prompt the central bank to keep interest rates steady.
“A rate cut, if delivered, could unlock an incremental 2%-3% upside for Indian equities,” said Ponmudi R, chief executive of Enrich Money.
Other Asian markets opened higher on the day, tracking an overnight rebound on Wall Street as a brief sell-off in global bond markets abated.
Asian markets were subdued in the last two sessions as expectations of a looming rate hike in Japan triggered a global bond sell-off, leaving stocks caught in the rush from risk assets.
Among individual stocks, Meesho will be in focus ahead of its initial public offering (IPO), which begins on the day. The SoftBank-backed e-commerce firm is seeking a valuation of up to $5.6 billion through its IPO.
STOCKS TO WATCH
** Bansal Wire Industries receives show cause notice for tax and penalty worth ₹203 crore
** Sun Pharmaceuticals’ unit approves proposal to invest ₹3,000 crore to set up a greenfield formulations manufacturing facility in Madhya Pradesh
** Hindustan Copper signs a deal with NTPC Mining for joint investments in critical minerals, mining and mineral processing
Published on December 3, 2025
