Pre-Market Report: Indian Market Set for a Positive Opening Amidst Mixed Global Cues
Published: 2025-12-12 08:00 IST | Category: Markets | Author: Abhi
Global Market Cues
Overnight, global markets displayed a mixed to positive trend. In the US, the Dow Jones Industrial Average surged by 1.34% to 48,704.01, and the S&P 500 rose by 0.21% to 6,901.00, both closing at record highs. This positive momentum was largely driven by the Federal Reserve's decision to cut interest rates by 25 basis points for the third consecutive time, bringing the federal funds rate to a range of 3.5% to 3.75%. However, the tech-heavy Nasdaq Composite pulled back by 0.26% to finish at 23,593.86, primarily due to disappointing results from Oracle, which impacted AI-related shares.
European markets also closed broadly higher on Thursday, with the pan-European Stoxx 600 climbing 0.55%. Germany's DAX gained 0.68%, and France's CAC 40 settled with a gain of 0.79%. This uplift came despite concerns about the valuation of AI-related stocks and Oracle's lower-than-expected quarterly revenue.
Asian markets on Friday morning presented a varied picture. While some markets like Japan's Nikkei 225 rose by 0.96% and South Korea's Kospi advanced by 0.29%, others like Hong Kong, Shanghai, and Taipei experienced declines. Crude oil prices rebounded in early Asian trading, with West Texas Intermediate (WTI) edging towards US$58 a barrel, recovering from a previous slip.
GIFT Nifty and Domestic Cues
GIFT Nifty (formerly SGX Nifty) is indicating a positive start for the Indian equity markets. It is currently trading around 26,135.50 as of 7:35 AM IST, or marginally higher at 26,140, suggesting a positive bias for the benchmark index. Some reports indicate GIFT Nifty trading 118 points, or 0.45%, higher at 26,144. This follows a strong performance on Thursday, where the NSE Nifty 50 closed 0.55% higher at 25,898.55, and the BSE Sensex rose 0.51% to close at 84,818.13, breaking a three-day losing streak.
On the domestic front, Foreign Institutional Investors (FIIs) were net sellers, offloading shares worth ₹1,651.06 crore on December 10, 2025. Conversely, Domestic Institutional Investors (DIIs) were net buyers, injecting ₹3,752.31 crore into the Indian equity market on the same day. The Indian Rupee depreciated by 0.42% to close at 90.37 against the US dollar on December 11.
Key Stocks in Focus
- BEML, IndiGo, Jindal Steel, ITC Hotels, Glenmark Pharma: These stocks are likely to be in focus today due to news-driven developments.
- Metal and Auto stocks: These sectors contributed to the broad-based rally in the Indian markets on Thursday.
- IT Sector: Given the Nasdaq's decline due to Oracle's performance, Indian IT stocks might see some cautious trading.
- Banking Sector: European banks saw gains, which could provide some positive sentiment for Indian banking stocks.
Key Events to Watch Today
- Crude Oil Prices: Continued monitoring of crude oil price movements will be crucial as they rebounded in early Asian trade.
- FII and DII Data: The trend of institutional flows will remain a key indicator for market direction.
- US-India Trade Deal: Any fresh developments or statements regarding the US-India trade deal could influence market sentiment, as concerns about its delay have been noted.
- Global Central Bank Commentary: While the Fed has cut rates, its signal of a potential slowdown in future rate cuts will be closely watched for its impact on global liquidity and investor sentiment.
TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update
Tags: Pre-Market Stock Market Nifty Sensex Market Update