| The domestic equity barometers ended with moderate cuts today, extending their losing streak to a third straight session, as monthly F&O expiry on the NSE kept volatility elevated. Sentiment also remained cautious amid continued FII selling, while Fed optimism reinforced expectations of another 25-bps cut. The Nifty settled below the 25,900 level.
In the barometer index, the S&P BSE Sensex, tumbled 313.70 points or 0.37% to 84,587.01. The Nifty 50 index fell 74.70 points or 0.29% to 25,884.80. In three consecutive trading sessions, the Sensex dropped 1.22% while the Nifty fell 1.17%.
In the broader market, the S&P BSE Mid-Cap index added 0.19%, while the S&P BSE Small-Cap index rose 0.20%. The market breadth was positive.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 7.49% to 12.24.
Among the sectoral indices, the Nifty Realty index (up 1.62%), the Nifty PSU Bank index (up 1.44%) and the Nifty Metal index (up 0.55%) outperformed the Nifty 50 index.
Meanwhile, the Nifty Media index (down 0.80%), the Nifty Consumer Durables index (down 0.57%) and the Nifty IT index (down 0.57%), underperformed the Nifty 50 index.
Numbers to Track:
The yield on India's 10-year benchmark federal paper was down 0.54% to 6.490 as compared with the previous close of 6.525.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 89.1850 compared with its close of 89.1600 during the previous trading session.
MCX Gold futures for 5 December 2025 settlement rose 0.87% to Rs 1,24,927.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.09% to 99.97.
The United States 10-year bond yield declined 0.17% to 4.028.
In the commodities market, Brent crude for January 2025 settlement lost 15 cents or 0.24% to $63.22 a barrel.
Global Markets:
Most European markets traded higher on Tuesday, while most Asian indices also closed in positive territory. Technology shares led the gains, mirroring the overnight rebound seen in their U.S. counterparts. Adding to the upbeat sentiment, growing confidence that the U.S. Federal Reserve will move ahead with an interest rate cut in December, further boosted risk appetite across global markets.
Rate-cut bets strengthened after Fed Governor Christopher Waller signaled that current data still points to a sufficiently soft labor market, supporting the case for another 25 bps policy easing.
Tech momentum also accelerated as optimism around AI resurfaced. Alphabet jumped 6.31% on Monday following the announcement of its upgraded AI model, Gemini 3, while other AI-linked names such as Broadcom and Micron Technology also rallied, extending Friday’s broader rebound.
On Wall Street, stocks posted strong gains across the board on Monday, starting a shortened trading week off strong.
Overnight, the S&P 500 rose 1.55% to close at 6,705.12, while the Nasdaq Composite jumped 2.69% to settle at 22,872.01. It was the tech-heavy index’s best day since May 12, when it rose 4.35%. The Dow Jones Industrial Average climbed 202.86 points, or 0.44%, to end at 46,448.27.
Traders continue to watch for any news that can affect the Federal Reserve’s upcoming monetary policy decision. Markets are reportedly pricing a very high probability of a quarter percentage point cut from the Fed in December.
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