Equity Alert
Domestic indices expected to open lower, move in thin range
This story was originally published at 08:37 IST on 2 December 2025
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Equity Alert: Domestic indices expected to open lower, move in thin range
MUMBAI--0827 IST--India's equity indices are likely to open a tad lower on Tuesday and move in a thin range, after the recent record highs. The Indian rupee hitting a record low weighed on investor sentiment, especially amid expectations of foreign inflows to Indian market in the near term. However, analysts are positive that as long as there is a recovery in corporate earnings growth, the downside in indices would be limited.
Some analysts expect investors to book profits in the coming sessions, while others said every dip was a buying opportunity. Analysts also said the volatility in the indices due to the expiry of weekly derivatives contracts would be relatively lower as it is the first week of the December series.
The Nifty 50 is expected to open on a negative note and is likely to move within 26000-26400 points, Mandar Bhojane, senior research analyst at Chola Securities, said. The 50-stock index is likely to face strong resistance near 26,300, while strong support is seen around 26000 points, he added.
At 0756 IST, the December contract of the GIFT Nifty was at 26320.50 points, down 25.5 points or 0.1%. On Monday, the Nifty 50 closed at 26175.75 points, down 27.20 points or 0.1%, after rising to a record high of 26325.80 points when the market had opened. The BSE Sensex closed the day at 85641.90 points, down 64.77 points or 0.1%.
On Monday, foreign investors were net sellers of Indian equities and sold shares worth around INR 11.71 billion. Domestic investors continued to be net buyers and bought stocks worth INR 25.58 billion.
Overnight in the US, benchmark indices closed slightly lower amid a rise in treasury yields and economic data showing tariffs continued to be a drag on the manufacturing sector. Investors await a delayed report of the Personal Consumption Expenditures Price Index for September, which is the US Federal Reserve's preferred inflation gauge, due later this week. This comes ahead of the US Fed's meeting scheduled next week. Most indices in Asia were up in early trade. (Gopika Balasubramanium)
Equity Alert: US indices fall post 5-day winning run; utility, energy cos down
MUMBAI--0746 IST--Benchmark equity indices in the US ended lower Monday, snapping a five-day winning streak. US Treasury yields rose as traders anticipated slightly faster economic growth, aided by higher chances of the US Federal Reserve lowering interest rates at the central bank's policy meeting next week. Utilities, healthcare, and industrial stocks closed lower and cryptocurrency-related stocks slumped after Bitcoin fell 6% to trade below $86,000, exerting pressure on the stock market.
American utility company First Solar and Exelon Corp. closed over 3% lower. Duke Energy Corp. ended nearly 3% lower. Healthcare major Pfizer was down nearly 2%. FedEx Corp., an industrial company in the region, closed nearly 1% lower.
Among cryptocurrency stocks, shares of Coinbase fell 5% and those of Strategy closed over 3% lower. On Monday, Bitcoin slid 6%, marking its worst day since March. Digital currency Bitcoin late last month fell below $90,000 for the first time since April and has since struggled to stay above that mark, CNBC reported. "Today's drop could be a combination of a deleveraging from crypto and risk assets tied to the facts that the rate cuts are priced and people are taking some profits," Reuters reported Wasif Latif, chief investment officer at Samarya Partners, as saying.
Among artificial intelligence-related companies, Broadcom and Super Micro Computer lost 4% and 1%, respectively. Meanwhile, Synopsys closed almost 5% higher after AI chip company Nvidia said it had invested $2 billion in the semiconductor design software provider.
The US 10-year Treasury note yield was up around 7 basis points at 4.096% following weakness in Japanese and European government bonds in the wake of comments by Bank of Japan Governor Kazuo Ueda, who signalled that conditions were aligning for a possible rate hike, Reuters reported. Higher chances of an interest rate cut and consequently, faster economic growth, also pushed yields higher.
Market participants await the delayed September report on the Personal Consumption Expenditures Price Index, which is the Fed's preferred inflation gauge, on Friday. Traders are now pricing in a nearly 88% probability that the apex bank will cut key rates by a quarter percentage point at its policy meeting in December, according to the CME FedWatch tool. Chances of an interest rate cut have risen considerably from a month ago owing to dovish commentary by Fed officials and weaker-than-expected consumer data from the US.
Following are the closing levels of US indices Monday:
| Index | Level | Change in % |
| S&P 500 | 6812.63 | (-)0.53 |
| NASDAQ Composite | 23275.92 | (-)0.38 |
| Dow Jones Industrial Average | 47289.33 | (-)0.9 |
(Arundathi A R)
End
US$1 = INR 89.55
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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