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Nifty 50 and Sensex are set to open higher on December 13 as the focus turns to the US Federal Reserve's policy decision, while domestic and US, data re-ignited inflation concerns and elevated bets of delay in rate cuts.

India's GIFT Nifty was down 0.02% from its overnight close at 21,067, as of 8:15 am, indicating that the Nifty 50 will open higher than its Tuesday closing level of 20,906.40.

In the overnight session, US markets saw the fourth session of gains. Crude prices, meanwhile, saw significant cuts with Brent futures hovering around $73 a barrel mark.

Meanwhile, back home, the domestic market gradually corrected throughout the previous trading session. Today, the primary market will see two IPOs, both looking to raise close to Rs1200 crore –  IndiaShelter Finance and Doms Industries.

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India's benchmark indices, Sensex and Nifty 50, are set to open higher on December 12, tracking the rise in Asian peers ahead of a crucial inflation data and the US Federal Reserve policy decision.

India's GIFT Nifty was little changed from its overnight close at 21,140.50, as of 8:05 a.m. IST, indicating that the Nifty 50 will open higher than its Monday closing of 20,997.10.

Globally, all three major Wall Street indexes posted their new 2023 closing highs in the overnight session, ahead of key economic data and Fed monetary policy decision. Asian markets rose in morning trade.

Stocks to watch: Dixon Technologies, SpiceJet, Mankind Pharma, Infosys, Sun Pharma

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Indian benchmark indices, Sensex and Nifty 50, are likely to open at fresh all-time highs on December 11, following the biggest weekly gain in more than a year the previous week. All of the front line indices hit record highs on December 8. The Nifty 50 hit 21,000 for the first time ever.

India's GIFT Nifty was down 0.02% from its overnight close at 21,073 as of 8:12 am this morning, indicating that the Nifty 50 will open higher than the December 8 close of 20,969.40.

The ongoing rally is supported by strong macroeconomic data, a drop in crude oil prices, favourable global interest rate outlook, return of foreign inflows and sustained inflows from domestic mutual fund investors.

Meanwhile, the Indian IPO landscape is gearing up for a busy week ahead with three companies, including Doms Industries, India Shelter Finance, and Inox India, set to launch in the primary market.


Globally, Wall Street equities and US Treasury yields rose on December 8 after data showed that jobs growth accelerated in November. Chinese inflation data, on the other hand, was a bit disappointing.

The European Central Bank, Bank of England, Norges Bank and the Swiss National Bank will also announce their monetary policy decision this week.

Asian markets opened lower, dragged by data from China indicating deflationary pressure in the world's second largest economy.

Stocks to track: Zomato, Tata Motors, Wipro, SpiceJet

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Indian benchmark indices, Sensex and Nifty 50, are set to open higher on December 8 ahead of the Reserve Bank of India's (RBI) monetary policy decision, where the central bank is likely to keep key rates unchanged for the fifth consecutive time.

India's GIFT Nifty this morning indicated that the Nifty 50 will open higher than its previous close of 20,901.15. The RBI's rate decision will be announced at 10:00 am.

Key stocks to watch: Zomato, Titagarh Rail, and Five-Star Business Finance among others

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As CNBC-TV18 celebrates 25 years of excellence, Indian markets continue to trade near lifetime highs. Benchmark indices are set to open at fresh record highs for a fourth session in a row on December 7. 

India's GIFT Nifty was down 0.14% from its overnight close at 21,030.50 as of 8:25 a.m. IST, above the Nifty 50's Wednesday's record close of 20,937.70, indicating a positive open.

This comes at a time after US economic data kept intact the expectations of the US Federal Reserve rate cut by March 2024 and as oil prices dropped.

In the overnight session, Wall Street equities extended losses for a third session as the rally faded after posting their best month in 2023 in November, while US Treasury yields fell as data showed a lower-than-expected rise in private payrolls in November.

Oil prices fell to a six-month low of $74.11 per barrel on Wednesday as high US crude output and gasoline inventories added to concerns over global fuel demand

Back home in the Indian market, the stellar rally continued. The Nifty 50 has risen 5.77%, over the last seven sessions and is at record high levels. The index is the most overbought in over two years, boosted by favourable macroeconomic data and liquidity.

Interestingly, fertiliser and sugar stocks were in focus.

Stocks to watch: Paytm, M&M, IDFC First Bank

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Indian benchmark indices, Sensex and Nifty 50, are set to scale record highs at open in the trading session of December 6, continuing the stellar rally this week post the election results. 

India's GIFT Nifty was up 0.15% from its overnight close at 21,036.50 as of 8:20 am, above the Nifty 50's December 5 record close of 20,855.10, indicating a positive open.

The market is eyeing a very strong domestic setup after the Nifty, Nifty Bank, midcap and small cap indices —  all closing at fresh record highs in the previous session. In fact, the midcap and smallcap indices have continued their stellar rally without a negative close for over 15 sessions.

In terms of overnight cues, the US markets saw mixed closes with softness continuing for the second straight session. The NASDAQ was the only index that closed above the flat line.

Crude oil prices continued to give good news. The oil price has now slipped to a five-month low. Brent futures were near the $77 a barrel mark. A fall in crude prices is positive for importers of the commodity like India and its oil marketing companies

Meanwhile, in the domestic market, the Nifty Bank saw a bit of underperformance the entire year but that ended in the last two trading sessions.

Stocks to watch: State Bank of India, Power Grid Corporation of India, Sun Pharmaceutical Industries, Adani Group companies

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In the wake of a historic trading session, all frontline indexes reached unprecedented heights, marking a momentous occasion for the financial markets. Bank Nifty, notably, not only cleared its underperformance but also achieved a fresh record high, reflecting a positive turn of events.

However, global markets experienced a slight setback, with U.S. markets exhibiting a pullback after five consecutive weeks of gains. The NASDAQ bore the brunt of this, witnessing a 0.8% decline. On a brighter note, crude oil prices saw a decrease, with Brent futures trading around half a percent lower, hovering near the $78 per barrel mark.

In the Indian markets, the standout performers were oil and gas stocks, banking stocks, and capital goods measures, contributing to the overall robust performance. Meanwhile, the Pharma and Media sectors underperformed.

Looking ahead, investors are keenly watching the Services PMI data expected today and await the Reserve Bank of India's policy meet outcome verdict scheduled for December 8th. The current positive sentiment in Indian markets is attributed to the clear verdict from state election polls. As the day unfolds, market participants are eager to see if the rally will persist, especially with expectations of a flat start influenced by both Asian markets and the GIFT  NIFTY.

As we step into the final month of the year, global equity markets have defied concerns and reached new heights. In a notable global context, the S&P 500 hit a fresh 2023 high on Friday, and all US indexes closed with gains. Simultaneously, crude oil prices softened, with futures trading over 2.5% lower, hovering near the $78 per barrel mark.

However, stealing the spotlight is the Indian equity market, which emerged as a standout performer in the past week, outpacing its regional counterparts with a gain of over 2%. The Nifty marked its fifth consecutive week of positive returns. Particularly noteworthy is the midcap segment, which extended its winning streak to 15 consecutive sessions, achieving record highs throughout.

Key events shaping the market sentiment include the BJP's resounding victories in Madhya Pradesh and Rajasthan, surpassing even the most optimistic exit poll predictions. This political development has injected a strong positive sentiment into the market.

Looking ahead, the Indian market anticipates a positive start, with the Nifty expected to make significant moves at the opening. Important cues, including Mizoram counting data, will influence trading today. Additionally, market participants are eagerly awaiting the policy meet outcome on December 8.

While Asian markets exhibit mixed signals, the Indian market's strong gap opening sparks anticipation about its sustainability throughout the morning. Investors are keenly observing these developments, indicating an optimistic outlook for the Indian market in the coming days.

In a significant turn of events, the Nifty index marked a milestone by closing above the 20,100 level, reflecting positive sentiments in the Indian stock market. However, the Nifty Bank witnessed a halt in its four-day gaining streak, while midcap stocks continued their remarkable rally, reaching record highs for the 20th consecutive session.

The financial inflow landscape saw substantial foreign institutional investment (FII), with a net purchase of a hefty ₹8,147 crores. On the other side, the domestic institutional investors (DII) recorded a net sale of approximately ₹780 crores. It's worth noting that these flow dynamics may have been influenced by the MSCI rebalancing, which took effect yesterday.

Turning the focus to domestic factors, the macroeconomic indicators have been highly supportive. The recently released Q2 FY 524 GDP data surpassed expectations, standing at an impressive 7.6% compared to the estimated 7.03%. This growth rate represents a significant increase from the previous year, with the GDP now standing at 7.6%, up from 6.2% on a year-on-year basis.

Additionally, the core sector data exhibited strength, recording a month-on-month growth of 12.1%, outpacing the earlier figure of 9.2%. The fiscal deficit for October showed a decline on a year-to-year basis, adding another positive dimension to the overall economic outlook.

On the global front, the United States markets ended on a positive note, with the Dow reaching a new high for the year. Meanwhile, oil prices remained stable around $82 per barrel, and Asian markets exhibited mixed trends. The Gift Nifty's positive indication points towards a promising start for the upcoming trading sessions.

Looking ahead, market participants eagerly await the results of exit polls conducted yesterday, with election results expected on Sunday. These outcomes are likely to drive a more definitive market reaction come Monday. Additionally, high-frequency indicators, such as auto sales for November, will provide insights into the real-world implications of the GDP data, particularly in the manufacturing sector.

Investors are advised to keep a close eye on the global manufacturing PMI for India, which is set to be released today, along with developments in the banking sector and business momentum. Notably, Flare Writing's upcoming listing is anticipated, considering the strong subscription rate of 46.68 times during its IPO.

Indian benchmark indices, Sensex and Nifty 50, are set to open higher on November 29, tracking a rise in Asian and US peers. This came against the backdrop of dovish commentary from a US Federal Reserve official elevated bets of rate cuts by as early as March 2024.

India's GIFT Nifty was up 0.31% at 20,029.50 as of 7:58 am IST, above the benchmark Nifty 50's previous close of 19,889.70.

In the November 29 trading session, the Nifty may hit or cross the 20,000-mark and breach its all time high levels. In the previous session it crossed the 19,900-mark, just about 1.65% away from record levels. In November, the market has gained 4.25% while the mid cap index has risen 8.75%.

Globally, Wall Street equities rose overnight after Fed governor Christopher Waller flagged the possibility of lowering the interest rate in the months ahead if inflation continued to come down.

Key stocks to track: Zomato, Siemens, Phillips Carbon Black, Tata Power and more

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