Stock Market Today: All You Need to Know
The Indian stock market is expected to open flat today, with the Nifty trading marginally up near 26,510, indicating a flat open for the benchmark Nifty 50. US and European index futures are trading higher during Asian trading hours, with the S&P 500 futures down 0.47% and Euro Stoxx 50 futures down 0.23%.
Nifty Top Gainers
The Nifty top gainers included Mahindra & Mahindra Ltd. and Sun Pharmaceutical Industries Ltd. Nifty auto remained the top sectoral gainer, of which top gainers included M&M and Exide industries. While all sectoral indices ended on a mixed note, the Indian rupee weakened 16 paise to 89.47 against the US Dollar at close.
US Market Update
US stocks climbed in a quiet, holiday-shortened session after a technical outage at the Chicago Mercantile Exchange briefly disrupted premarket trading. Treasury yields inched higher as bonds slipped. The S&P 500 added 0.5%, pulling back within reach of its record peak, though activity was light — trading volumes were more than 25% below the 30-day average as markets shut at 1 p.m.
Asian Market Update
Asian shares slipped alongside US equity futures and major cryptocurrencies, reflecting a cautious mood ahead of a heavy week of economic releases — even as bets on a Federal Reserve rate cut in December stayed solid. A regional stock gauge eased 0.2% in uneven trading, with Japan leading the declines.
Oil and Commodities Update
Oil edged higher after OPEC+ confirmed it will maintain its pause on production increases through the first quarter, while markets also assessed the impact of President Donald Trump’s latest comments on Venezuela. Brent hovered near $63 a barrel and West Texas Intermediate traded around $59.
Silver Prices Surge
Silver extended its surge to a fresh record, building on nearly 6% gains from the previous session, when a trading outage intensified concerns over tight supply and strengthened expectations of a US rate cut. The metal rose as much as 1.4% to $57.29.
Indian Parliament’s Winter Session
Indian Parliament’s winter session begins and is scheduled to run until Dec. 19. India will release November manufacturing PMI; the government will release industrial production data for Oct. Automobile companies will release November sales data.
Corporate Actions
Bayer Cropscience: Karnataka GST authority reduces penalty to Rs 3.1 crore from Rs 7.4 crore and sends a revised order related to GST on outward Supply related to FY2017-18. Sterling & Wilson Renewable Energy: The company receives Rs 31.4 crore from Khurshed Yazdi Daruvala in line with an indemnity agreement signed in 2021.
Deccan Gold Mines: The Board is to meet on Dec. 3 to consider Terms and Conditions of the proposed Rights Issue, including the Issue Price and Rights Entitlement Ratio. NCC: The company gets 3 orders worth Rs 530.7 crore in Nov. Camlin Fine Sciences: The company approves the allotment of 41 lakh shares at Rs 247.69/share worth Rs 101.7 crore to allottees.
More Corporate Actions
Godrej Properties: The company has incorporated a wholly owned subsidiary in the Emirate of Dubai, United Arab Emirates. Brigade Enterprises: The company has signed a Joint Development Agreement with the land owner to develop a Premium Residential Project in Begumpet, Hyderabad.
Refex Industries: The company procured an order worth Rs 32.89 crore for the transportation of pond ash to NHAI road projects. Droneacharya Aerial Innovations: Sebi barred DroneAcharya Aerial Innovations Ltd, its promoters, and others from the securities market for up to two years, and levied fines totalling Rs 75 lakh for misutilisation of IPO proceeds and fraudulent corporate disclosures.
Nifty Dec Futures and Options
Nifty Dec futures is up by 0.02 % to 26387 at a premium of 185 points. Nifty dec futures open interest down by 1.41%. Nifty Options 2 December Expiry: Maximum Call open interest at 26500 and Maximum Put open interest at 26000.
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