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Indian equity markets are set for a subdued start to the week’s final trading session, tracking mixed global cues

Stock Market Today

Stock Market Today

Sensex Today: Indian equity markets opened lower on Friday, December 5, as investors awaited the Reserve Bank of India’s Monetary Policy Committee (MPC) decision on interest rates. The three-day meeting concludes today, with the repo rate announcement expected at 10 AM.

The BSE Sensex slipped 79 points, or 0.09%, to 85,187, while the Nifty50 edged down 12 points, or 0.05%, to 26,021.

Reliance, Trent, Tata Steel, Bharti Airtel, Tata Motors PV, Sun Pharma, and Titan were among the top drags on the Sensex. On the positive side, Eternal, BEL, Maruti Suzuki, Bajaj Finance, Kotak Bank, Infosys, and Ultratech Cement led the gainers.

In the broader market, the Nifty MidCap index dipped 0.07%, and the Nifty SmallCap index declined 0.30%.

Sectorally, Nifty Pharma and Nifty Metal were the biggest laggards, down 0.3% each, while Nifty Realty outperformed with a 0.28% rise.

Global Cues

In global markets, Asia-Pacific indices traded lower on Friday following a lacklustre session on Wall Street. Australia’s S&P/ASX 200 slipped 0.17%, Japan’s Nikkei 225 fell 1.36%, while South Korea’s Kospi hovered slightly below the flatline.

Overnight in the US, major indices closed mixed as traders evaluated labour data and other economic indicators. Expectations of a Federal Reserve rate cut next week provided some support. The S&P 500 inched up 0.11%, the Nasdaq Composite rose 0.22%, and the Dow Jones Industrial Average eased 0.07%.

FII, DII Flow

Foreign institutional investors (FIIs) sold shares worth ₹1,681.46 crore, while domestic institutional investors (DIIs) bought equities worth ₹3,188.04 crore on Thursday, December 4.

IPOs Today

Mainboard: Vidya Wires, Meesho, and Aequs IPOs enter their final subscription day.

SME: Issues from Methodhub Software, ScaleSauce (Encompass Design India), and Flywings Simulator Training Centre open today. Western Overseas Study Abroad and Luxury Time IPOs move into day two, while Shri Kanha Stainless wraps up subscriptions today.

Exato Technologies, Logiciel Solutions, and Purple Wave Infocom are set to list on the exchanges today.

Commodity Check

Oil prices were mixed on Friday morning. Brent crude rose 0.94% to $63.26 per barrel, while US WTI crude was nearly unchanged at $59.66 per barrel, down 0.02%.

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News business markets Stock Market Updates: Sensex, Nifty Mildly Lower; SmallCap Index Trails Ahead Of RBI Policy
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