News

FIIs sold 11,820 crore in the first week of December, continuing heavy 2025 outflows, but strong DII inflows offset the pressure. Rupee depreciation drives foreign selling, while pro-growth policies, liquidity measures and earnings optimism keep domestic investors steadily buying.

Nifty traded range-bound, closing nearly flat despite an RBI rate cut, as resistance near 26,300 capped gains. Weak market breadth and muted broader indices signal caution, though the primary trend remains upward with selective sector strength.

ICICI Prudential Asset Management Company has set the price band for its Rs 10,603 crore initial public offering (IPO) at Rs 2,061 - Rs 2,165 per share. The public issue will open for bidding on Friday, December 12 and close on Tuesday, December 16.

BSE has reconstituted 28 indices, including the BSE PSU index, effective December 22. RailTel is the sole addition, while MMTC, ITI, Punjab & Sind Bank and KIOCL are removed following weak performance trends.

The BSE 500 index will undergo a significant overhaul from December 22, with 32 additions and 32 exits as part of the semi-annual reconstitution. Changes span 28 indices, affecting large, mid and small companies across sectors.

Ashi Anand says Indias 18-month market consolidation is easing as growth improves, earnings strengthen and sentiment turns optimistic. He favours domestic themes, banks and digital plays while remaining cautious on global cyclicals, pharma and IT amid valuation and macro uncertainties.

The market currently favours index trading as only heavyweight stocks support the upside, while broader segments weaken. Private banks, financials, IT and autos show strength, whereas consumer durables, tourism, media, realty and defence are expected to underperform.

Indias primary market enters its busiest phase with 11 IPOs worth Rs 13,807 crore opening between December 817. Key issues include Corona Remedies, Wakefit, Nephrocare and the awaited ICICI Prudential AMC launch, amid strong domestic liquidity but cautious FPI sentiment.

Nifty hit a new high before a brief pullback, finding support at its 20-day EMA. Heavyweight sectors like banking and IT are driving resilience, while small-caps lag. Analysts expect Nifty to target 2635026500, with Bank Nifty also poised for further upside.

SAR Televenture has secured 208.46 crore through warrant issuance to investors including Madhusudan Kelas fund, Choice Advisors, and promoters, boosting working capital, CAPEX needs, telecom infrastructure expansion, and readiness for large-scale 4G/5G projects.

Sudip Bandyopadhyay says Nifty can decisively break 26,000 only when FIIs return, while NBFCs and real estate stand to benefit from rate cuts amid ongoing volatility in global cues.

Indias massive household gold holdings, worth $3.8 trillion, far exceed decades of FDI inflows. Redirecting even part of this unproductive wealth through proposed procurement and gold-bond schemes could ease trade deficits, boost capital formation, and lessen dependence on foreign investment.

ADIAs India equity portfolio rose just 0.7% in FY26, though 13 stocks gained and seven surged 2070%. Several holdings fell sharply, while CMS Info Systems and M B Engineering were new additions.

Sberbanks launch of a Nifty 50-linked mutual fund gives Russian investors direct access to Indian equities. Experts say the move can expand global capital inflows, enable similar partnerships with BRICS and other regions, and deepen India-Russia financial cooperation.

Meeshos Rs 5,421 crore IPO allotment will be finalised Monday after massive 81.76x subscription. With a 42% GMP and record retail participation, investors now await listing on December 10.

Wakefit raised Rs 580 crore from anchor investors at the top price band, with domestic mutual funds taking over half the book. Strong institutional demand boosts confidence ahead of its Rs 1,288 crore IPO opening on December 8.

Gold surged over 60% in 2025 on geopolitical risks, a weaker dollar and strong safe-haven demand. The World Gold Council sees 2026 playing out through moderately bullish, strongly bullish or bearish scenarios, shaped by global growth, Fed policy, and shifting investor behaviour.

Indias building products sector is stabilizing with stronger consumption, healthier pipelines, lower input volatility, and rising premiumization. Demand across wood panels, sanitaryware, tiles, and paints is improving as real estate, renovation cycles, and distribution networks strengthen, supporting a more sustained medium-term upcycle.

The crypto market is shifting from speculation to institutional-grade structure, driven by Bitcoins treasury use, rapid tokenisation, and coordinated global regulation. Indias maturing investor base and expanding access accelerate the need for clearer frameworks and safer, compliant participation in 2026.

The rupees plunge beyond 90 highlights India-specific pressures from FPI outflows, trade deficits and dollar demand. The slide threatens higher imported inflation, costlier commodities and wider external imbalances, even as domestic growth remains resilient amid global uncertainty.

Pramod Gubbi of Marcellus Investment Managers expects Indias IT sector to recover in 2026 as valuations turn attractive and global rate cuts revive tech spending. He sees earnings momentum improving across consumption, healthcare and lenders, supported by domestic stimulus and stable flows.

The U.S. dollar dipped as traders anticipated a Federal Reserve rate cut next week, with nearly 90% probability priced in. Soft labor data and dovish central bank remarks fueled expectations for reductions. Meanwhile, the yen firmed on speculation the Bank of Japan might raise rates this month.

Oil prices climbed to a two-week high, fueled by anticipated U.S. Federal Reserve rate cuts boosting economic growth and energy demand. Geopolitical tensions involving Russia and Venezuela also contributed to the rise. Investors are closely watching trade talks and potential supply disruptions from these key oil producers.

Gold prices climbed Friday amid strong expectations of a U.S. Federal Reserve rate cut next week, while silver reached a record high. The market anticipates a 25-basis-point cut, driven by dovish Fed commentary and recent economic data. This sentiment weakened the dollar, benefiting gold.

European shares closed the week with modest gains as investors digested a U.S. inflation report reinforcing expectations for a Federal Reserve rate cut next week. Autos, retail, and technology stocks led the gains, while Swiss Re and oil and gas lagged. Citigroup set a positive 2026 target for the STOXX 600.

Global shares advanced Friday as U.S. economic data reinforced expectations of a Federal Reserve rate cut next week, weakening the dollar and boosting gold. Wall Street indices closed higher, marking a second consecutive week of gains, with technology and communication services sectors leading. European markets remained largely unchanged, securing a modest weekly increase.

Indian markets saw a positive close on Friday. Investors are keenly watching for a Federal Reserve interest rate cut next week. Economic data released showed consumer spending rose and consumer sentiment improved. This has boosted hopes for a rate reduction. All eyes are now on the Fed meeting for policy hints.

In a bold strategy to boost economic resilience, the central bank is channeling a hefty sum into the banking system. By leveraging open market operations alongside dollar-rupee buy-sell swaps, an impressive 1.45 lakh crore will flow in to optimize liquidity and facilitate effective monetary transmission.

Friday saw a remarkable uptick in Indian stock markets as the Reserve Bank of India decided to lower interest rates by 25 basis points. This strategic decision, along with signals of continued easing, infused confidence into investors. The Nifty and Sensex indices experienced a solid recovery, pushing past previous weekly dips.

SpaceX is planning a major step towards going public. The rocket company aims for an initial public offering in the latter half of next year. This move could include its Starlink satellite internet service. This comes as SpaceX is reportedly kicking off a new share sale, potentially valuing it at $800 billion.

The Federal Reserve's upcoming meeting is set to be highly debated. Policymakers are divided on an expected interest rate cut. Investors are watching closely for signals on the Fed's future policy direction and internal dynamics. Economic data has eased fears of labor market deterioration, fueling rate cut expectations. The market anticipates a quarter-point cut.

HCL Capital Private Limited emerged as the largest acquirer of British American Tobacco's (BAT) stake in ITC Hotels, buying 14.58 crore shares for Rs 2,998 crore. Several other marquee investors also took significant stakes in the Rs 3,856 crore block deals. BAT stated the funds will aid its transition to a target leverage range.

Home-grown FMCG firm Dabur on Friday said it has received an observation letter with o adverse observations from the BSE over its Scheme of Amalgamation of Sesa Care.

The quick commerce platform has converted itself into a public company as it prepares for an initial public offering, changing its registered name from Zepto Private Limited to Zepto Limited through a special resolution passed by its shareholders.

Markets regulator Sebi has granted in-principle approval to the registration of 'Raajmarg Infra Investment Trust' (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements during the next six months, an official statement said on Friday.

US stocks saw early gains Friday as investors awaited inflation data and anticipated a Federal Reserve interest rate cut. Netflix shares dipped after announcing an $83 billion acquisition of Warner Bros. Discovery, while Warner Brothers Discovery itself saw a slight increase.

Tenneco Clean Air India reported a 10% YoY profit rise to 150 crore and nearly 10% revenue growth in its first post-listing quarter. EBITDA margins stayed strong, while a 9,840-crore lifetime order book boosted long-term visibility despite sequential profit moderation.

A Cloudflare outage disrupted trading platforms including Zerodha, Groww and Angel One. Nithin Kamath apologised and highlighted risks of dependence on single infrastructure. Zerodha activated its independent WhatsApp-based Kite Backup system to help users exit positions during the downtime.

Britain's housing market slowed in November in both annual and monthly terms in the run-up to the government's budget, figures from mortgage lender Halifax showed on Friday.

Real estate industry bodies CREDAI and NAREDCO on Friday said RBI's move to cut repo rate by 25 basis points would lead to reduction in interest rates on home loans and boost housing demand.

The rupee closed little changed on Friday after the Reserve Bank of India cut policy rates, logging a quiet close to a week which saw the currency fall below 90 per dollar for the first time on worries about dwindling dollar inflows into the economy.

Indian government bonds rallied on Friday after a policy interest rate cut and liquidity infusion measures, even as the 10-year benchmark note ended flat on profit taking and supply.

Markets extended gains after RBIs 25 bps rate cut, with financials, autos leading the rally. SpiceJet surged on IndiGo disruptions, while Kaynes Tech slid on governance concerns despite management clarification.

Fitch Ratings Alex Muscatelli says Indias GDP growth will stay strong despite softening high-frequency indicators, prompting a forecast upgrade to 7.4% for FY26. He expects growth to ease gradually to 6.2% by FY28 as inflation normalises, but reforms, strong investment outlook and supportive monetary policy will keep India among the worlds fastest-growing economies.

Indian stock markets surged on Friday, with the Sensex and Nifty closing higher after the Reserve Bank of India's 25 basis point policy rate cut. Financial and auto stocks, keenly watching interest rate shifts, spearheaded the rally, reversing an earlier subdued trading session. The Sensex gained 447 points, while the Nifty 50 climbed 153 points, reflecting positive investor sentiment.

Domestic SIP inflows continue to rise sharply despite FII selling, says Prudent Corporate CMD Sanjay Shah. With the SIP book touching 1,100 crore, strong retail participation is sustaining markets. Shah discusses MF yields, NFO traction, SEBIs upcoming TER changes, investor incentives from February 2026, and how IPO liquidity cycles back into capital markets.

Zerodha, Groww down: Domestic platforms Zerodha, Groww and Angel One were hit by service disruptions after the US-based internet services provider Cloudflare experienced a major outage on Friday.

Former RBI Deputy Governor R. Gandhi highlighted concerns over inflation falling below the MPC's target, necessitating measures to boost growth and production. He clarified the RBI's focus on managing rupee volatility rather than targeting a specific exchange rate, attributing recent depreciation to trade deficits and year-end outflows.