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Indian markets extended their slide for a fourth session as investors remained cautious near record highs ahead of the RBI's interest-rate decision. The Sensex and Nifty edged lower, with the rupee hitting an all-time low due to persistent foreign outflows and trade uncertainties.

Shares of American Bitcoin, a bitcoin miner backed by two of U.S. President Donald Trump's sons, steadied in premarket trading on Wednesday, a day after slumping nearly 40% following the expiry of a share lock-up.

The rupee briefly crossed ninety against the dollar as trade imbalances, foreign investor exits and delays in a US trade deal pressured the currency. Despite limited RBI intervention, expectations of further weakening persist, with rising hedging costs and continued portfolio outflows.

Benchmark indices fell for a third straight session, pressured by banks and financials ahead of the RBI policy. Technical indicators show weakening momentum, with Nifty slipping below the 21EMA. Analysts expect a bearish-to-sideways trend, while Anupam Rasayan and Infosys emerged as top buy ideas.

Nephrocare Health Services IPO opens December 10 with a fresh issue and OFS totaling significant funds. Proceeds will support new dialysis clinics, debt repayment, and expansion. Indias largest dialysis network, NephroPlus operates 519 clinics globally and reported strong financial growth in FY25.

Wall Street's main indexes opened lower on Wednesday, as investors assessed data pointing to a weak jobs market, while Microsoft fell after a report said the tech giant lowered its sales growth targets for certain artificial intelligence products.

With the oversubscription of the offer-for-sale (OFS) of state-owned Bank of Maharashtra, the government is expected to realise about Rs 2,492 crore by diluting its 6 per cent stake in the bank.

Five small-cap stocks, including Cupid, surged to new 52-week highs despite a muted market, posting strong monthly gains of up to 51%.

D-Street extended their losing streak as banks, autos and FMCG stocks fell under pressure on rupees record slide. Indian Bank, Angel One and key auto stocks declined, whereas Infosys and DOMS saw strong buying interest.

Dialysis services provider Nephrocare Health Services Ltd, known for its brand NephroPlus, is set to launch its initial public offering, comprising fresh issue of shares worth a little over Rs 353 crore, on December 10.

The destiny of the rupee is to depreciate further, and the 90-per-dollar mark breached on Wednesday is the new normal for the Indian currency, a senior financial services executive said on Wednesday.

Manipal Health Enterprises is preparing to file for a $1 billion IPO in January, aiming for a valuation of up to $13 billion, which could make it Indias most valuable hospital chain. Backed by Temasek, the company has grown rapidly through acquisitions and is working with major banks to launch the countrys biggest hospital-sector listing.

Pine Labs Q2 Results: Payment solutions company Pine Labs swung back to black in the September-ended quarter, reporting a consolidated net profit of Rs 6 crore versus a loss of Rs 32 crore in the year-ago period.

Vidya Wires Rs 300-crore IPO received strong investor interest on Day 1, getting subscribed more than 2 times, driven by robust retail and NII demand. Shares of the company were seen trading at a GMP of nearly 13, as per the latest update. Competitively priced versus peers, the companys strong financials and sector demand make it an attractive long-term consideration.

Realty firm Address Maker has tied up with AI Growth for Rs 200 crore capital to expand its business.

The National Stock Exchange has authorized Tradetron for algo-trading technology. This move supports India's growing systematic trading. Algorithmic trading is becoming accessible to retail investors. SEBI is ensuring transparency and supervision for automated strategies. This development levels the playing field between retail traders and institutions. It promotes disciplined and systematic trading practices.

Indian stocks extended their decline for a fourth consecutive session on Wednesday as investors booked profits near record highs. Sentiment remained cautious ahead of the Reserve Bank of India's policy decision, while ongoing foreign outflows pressured the rupee to a new all-time low.

Realty firm Migsun Group will invest Rs 250 crore to develop a commercial project in Yamuna Expressway region.

Meeshos top leadership outlines strong anchor investor interest, growth plans, and the roadmap to profitability ahead of its IPO. CEO Vidit Aatrey and CFO Dhiresh Bansal discuss user growth, monetisation levers, logistics efficiency, ad revenue expansion, and future acquisitions aimed at deepening India-wide e-commerce penetration. The company emphasises free cash flow, capital-light operations, and long-term value creation.

PSU bank stocks fell sharply on Wednesday after the government denied any move to hike FDI limits in public sector banks. The Nifty PSU Bank index fell over 3%, with Indian Bank and PNB declining the most as rupee weakness, profit-taking, and reduced rate-cut expectations intensified selling pressure across the sector.

Aequs Rs 921.81 crore IPO saw strong Day 1 traction, getting subscribed over 2 times, led by a sevenfold retail response. With a GMP indicating a 37% premium and analysts citing strong integration in aerospace manufacturing, early sentiment remains upbeat ahead of allotment on December 8 and listing on December 10.

Capri Global expects sustained 30% growth driven by gold loans, affordable housing demand and co-lending partnerships, says MD Rajesh Sharma. With branch expansion, improving MSME asset quality, and falling cost of funds due to rating upgrades and lower MCLR resets, the NBFC targets a 50,000 crore AUM and stronger profitability over the next two years.

Nine BSE midcap stocks have rallied up to 125% in 2025, with two turning multibaggers even as the broader midcap index lagged.

Copper hovered near record highs on MCX as the rupees fall past 90 boosted domestic prices. Despite profit-booking in global markets, supply concernsfrom Chinese smelter cuts to higher Codelco premiumskept sentiment firm. Analysts say the trend remains bullish, with buying on dips preferred as long as key support zones hold.

Several global and domestic funds withdrew from Meesho's anchor book, citing dissatisfaction with share allocation, particularly SBI Mutual Fund's large portion. Market commentators Samir Arora and Sandip Sabharwal have raised concerns, suggesting reforms to the IPO anchor system to ensure fairness and transparency in the allotment process.

Embassy REIT owns and operates a 50.8 million square feet portfolio of 14 office parks in Bengaluru, Mumbai, Pune, Delhi-NCR and Chennai. The portfolio comprises 40.9 million sq ft of operational area.

Japanese bonds slid further on Wednesday, sending yields to multi-year peaks, as prospects of central bank tightening and big government spending plans weighed on investor sentiment.

Motilal Oswals Gautam Duggad says Q2 earnings mark a turning point as upgrades return after five quarters of downgrades. He warns oil & gas profits are cyclical and driven by OMCs, while cement offers better predictability. India lacks direct AI equity plays for now, though related infrastructure themes may benefit investors.

IT stocks rallied on Wednesday as the rupees steep fall past Rs 90 per dollar sparked strong buying in export-driven technology names. The currencys drop to a record-low 90.13 boosted sentiment for dollar-revenue earners, pushing the Nifty IT index up 1%. Wipro led with a 2% jump, followed by gains in TCS, Infosys, Mphasis, Tech Mahindra and other IT majors.

Indian equities are poised for growth after 15 months of stagnation, according to Motilal Oswal's Gautam Duggad. Improving earnings, stabilising valuations, and policy support are creating a strong foundation. The market has seen a shift from staples to discretionary consumption and new-age tech, with investors advised to stay invested and maintain disciplined asset allocation.

The rupees breach of 90 per dollar has amplified concerns over sustained foreign selling in Indian equities, with Uday Kotak warning that while overseas investors appear smarter for now, the long game remains uncertain. Heavy outflows, hedging demand, and weakening FDI have pushed the currency to its most fragile point in years.

Meeshos Rs 5,421-crore IPO saw a strong start, with retail investors fully subscribing within the first hour while overall subscription reached 42% by 11:20 AM. The GMP of Rs 49 signals an expected listing near Rs 160. Analysts highlight Meeshos rapid user growth, deep Tier-2/3 penetration, improving unit economics, and positive free cash flow, though profitability challenges persist.

Market strategist Sandip Sabharwal sees selective consumption opportunities despite uneven market participation, favoring steady FMCG names like Dabur and Godrej Consumer, alongside niche plays like Wonderla Holidays. He believes inflation data supports an RBI rate cut, though external commentary on the rupee may lead to caution.

The rupees slide past 90 marks the latest phase in a four-decade depreciation driven by weak flows, record trade deficits, and persistent importer demand. With FPIs selling aggressively, FDI turning negative, and hedging pressures rising, the RBI is easing volatility even as structural vulnerabilities keep the currency under strain.

A global memory-chip shortage is disrupting the tech sector as AI firms, smartphone makers, and electronics companies battle for limited supplies. Prices for DRAM, flash, and HBM have surged, squeezing inventories and pushing up consumer device costs. Experts warn the crunch may persist until 2027, delaying major digital infrastructure projects.

Despite Nifty's record highs, market sentiment has cooled due to weak broader participation. Expert Sandip Sabharwal highlights relentless foreign selling and a massive IPO pipeline absorbing domestic liquidity as key drivers. While foreign investors are exiting the secondary market, they are investing in IPOs.

Vietnam's State Treasury successfully raised 7.85 trillion dong in a recent government bond auction, a significant increase from the previous week. This auction boosted total government bond sales for 2025 to 300.7 trillion dong, meeting 60% of the year's target. While 10-year bonds saw strong demand, other maturities remained unsold. Corporate bond issuances also remain robust.

Japanese government bond yields climbed as investors anticipate further interest rate hikes from the Bank of Japan beyond the expected December increase. Concerns are mounting over the BOJ's future policy path, with the two-year yield reaching 1.015%. Governor Ueda's hints of rate hikes have already triggered significant JGB sell-offs, impacting stocks and strengthening the yen.

Aequs, a niche aerospace manufacturer, is attracting attention with its Rs 922 crore IPO amid strong growth in Indias aircraft component sector and shifting global supply chains. Analysts highlight its advantage from timing, positioning, and long-standing relationships, while its Karnataka SEZ campus offers a rare fully integrated ecosystem covering machining, forging, surface treatment, and assembly.

Silver prices surged to a record Rs 1,84,727 per kilogram on Wednesday. Gold futures also advanced to Rs 1,30,766 per 10 grams. A steep fall in the rupee to an all-time low against the US dollar further pushed up bullion prices. Global trends of expected US Federal Reserve interest rate cuts supported the rise.

Wall Street remains largely bullish for 2026, but optimism is tempered by an unusual economic scenario unseen in over 60 years. Despite the AI investment boom driving capital spending, it hasnt boosted job creation, creating an unprecedented mix of strong market activity alongside a stalling U.S. labor market, according to JPMorgan economists.

Bank of America has joined major brokerages, including Goldman Sachs and J.P. Morgan, in forecasting a 25-bps Fed rate cut at the December meeting, as softer labour data and dovish FOMC commentary boost expectations. Markets now price an 87% probability of easing, though a few institutions still expect no change.

Inox Wind Ltd. A small mid-cap pick by Axis Securities combines a turnaround-driven recovery, improving finances and order book strength, making it a compelling call with potential upside of 43%.

Pharma firm Corona Remedies, backed by ChrysCapital, has set its IPO price band at Rs 1,008-1,062, valuing the company at nearly Rs 6,500 crore. The Rs 655.37 crore public offering, an Offer For Sale, opens December 8 and closes December 10. The company, a leader in women's healthcare and cardio-diabeto segments, aims to debut on December 15.

Indian government bonds saw a dip Wednesday, reversing some of Tuesday's gains. Market speculation of Reserve Bank of India buying was countered by data showing limited purchases by the Others category.

Bitcoin rebounded sharply from an $84,000 low to trade above $92,000 as the global crypto market cap climbed to $3.13 trillion. A surge in ETF volumes, renewed liquidity, and improved sentiment lifted major altcoins, signalling strengthening momentum despite lingering market fears.

American Bitcoin Corp. shares plunged over 50% in minutes, highlighting the collapse of Trump-linked crypto ventures. While Bitcoin and broader crypto markets fell around 25% in recent months, Trump-associated tokens and projects, including memecoins, Alt5 Sigma, and World Liberty Financial, suffered far steeper losses. The setbacks underscore the volatility of crypto markets and the waning influence of presidential promotion on investor confidence.

Sun Pharma Advanced Research Company surged for a second straight session after a U.S. court ruled in its favour on the Sezaby Priority Review Voucher. The stock jumped over 11%, extending Tuesdays 20% rally, even as analysts caution about overbought technicals and continued quarterly losses.

Market expert Mayuresh Joshi advocates for selective investments in banking, infrastructure, and paint sectors. He favors ICICI Bank, SBI, and Bank of Maharashtra, while seeing potential in cement players as proxies for infrastructure growth. Joshi also recommends holding Asian Paints due to strong fundamentals and market expansion opportunities.

The Indian rupee weakened past the 90-per-dollar mark for the first time ever, reaching 90.13 on Wednesday a new record low. This follows five straight days of decline, despite efforts by the Reserve Bank of India to intervene. The fall reflects ongoing weakness in capital inflows, strong demand from importers, and uncertainty over a US-India trade deal.