The Indian market is poised for a positive start on Wednesday, with GIFT Nifty futures trading higher amid broad strength across global markets. Gains in US and Asian indices, coupled with rising expectations of a December rate cut by the US Federal Reserve, are driving early optimism.
Wall Street Rally Extends as Fed Rate Cut Bets Gather Pace
A fresh batch of economic data from the US boosted market sentiment overnight, strengthening the belief that the Federal Reserve may deliver its third and final rate cut of 2025 at its December meeting.
However, weakness in major tech stocks capped gains on the Nasdaq.
Dow Jones: +664.18 points (+1.43%) to 47,112.45
S&P 500: +60.77 points (+0.91%) to 6,765.89
Nasdaq Composite: +153.59 points (+0.67%) to 23,025.59
Promoter Set to Offload 0.56% Stake in Bharti Airtel
Promoter entity Indian Continent Investment is expected to sell up to 3.43 crore shares (0.56% stake) in Bharti Airtel through a block deal, CNBC-TV18 reported.
Offer size: $806 million
Floor price: ₹2,096.7 per share
Currency Market: Dollar Slips as Rate Cut Expectations Grow
The US dollar weakened after softer economic data reinforced expectations of a December Fed rate cut. Meanwhile, the New Zealand dollar surged after the RBNZ struck a more hawkish tone despite cutting rates.
NZD (Kiwi): +0.75% to $0.5663
AUD: +0.14% to $0.6478
Euro: Nearing $1.16, last at $1.1567, aided by optimism around Russia–Ukraine peace progress
Asian Markets Open Higher
Tracking gains from Wall Street, major Asian indices opened firmly in the green.
Nikkei: Up ~2%
Kospi: Up ~2%
Investors are betting that weaker US data will push the Federal Reserve toward easing policy next month.
GIFT Nifty Points to a Strong Start for Indian Markets
GIFT Nifty futures were trading 119 points higher, up 0.46%, around 26,163.50, indicating a positive opening for the Nifty 50.
Top Global Cues to Watch Today
Asia-Pacific markets extend Wall Street rally
US economic data boosts rate-cut expectations
Kevin Hassett emerges as frontrunner for next Fed chair
Markets price in 84% probability of December Fed rate cut
Nikkei rallies led by tech
Alphabet hits record high on reported Meta chip collaboration
Nvidia slips 2.5% amid profit booking in AI stocks
GIFT Nifty signals strong start to December series
Dow logs third consecutive day of gains
US 10-year yield eases to 4% after soft labor data
Dollar index drops below 100
Crude oil falls over 1% on Russia–Ukraine peace deal reports
Gold trades slightly lower ahead of key Fed meeting
Tuesday’s Close: Nifty Slips Below 25,900 Amid Late Sell-Off
Domestic equity benchmarks ended lower for the third straight session on November 25, dragged by declines in IT, media, and oil & gas stocks.
Sensex: -313.70 points (-0.37%) at 84,587.01
Nifty: -74.70 points (-0.29%) at 25,884.80
Broader markets outperformed, with the BSE Midcap and Smallcap indices closing with minor declines.
