📰 Indian Markets Pre-Market Report — Thursday, 4 December 2025-Steady Global Cues, Cautious Start Ahead of RBI
Indian Markets Pre-Market Report Says that The market walks into Thursday with a slightly steadier tone than yesterday, though the undertone is still cautious. Overnight cues were reasonably supportive, and Gift Nifty is hinting at a mild positive open. But with the RBI policy due tomorrow and the rupee still sitting uncomfortably weak, traders aren’t exactly rushing in.
🌍 Global Setup — Soft Tailwind, No Strong Push
Overnight, US markets extended their rebound as more data confirmed a softening labour market and kept hopes alive for a Fed rate cut at the December meeting. The Dow climbed roughly 0.4%, the S&P 500 gained about 0.3%, and the Nasdaq also ended higher, leaving the S&P within touching distance of its all-time high.
Asia picked up the tone but with its usual morning hesitation — Japan continued to trade firm, riding the tech momentum, while Chinese markets were a touch restrained. Nothing alarming. Nothing exciting. Just a steady global backdrop as we step into the session.
Gift Nifty hovered a shade above 26,000 early morning, barely 100 points above yesterday’s Nifty close. It’s not a gap-up signal; it’s more like the market saying, “Let’s see how the day plays out.”
🇮🇳 What Happened Yesterday — A Day of Quiet Resistance
Wednesday didn’t change the bigger picture. The indices slipped again, not sharply, but enough to remind everyone that the market is still digesting the two big overhangs: the rupee at record lows and the RBI policy risk.
Nifty closed just under 26,000. Sensex managed to end almost flat, though it did dip more deeply during the day before crawling back. Bank Nifty actually looked better than the other two, finishing in the green thanks to steady buying in ICICI Bank and HDFC Bank.
The real story wasn’t the headline indices — it was the breadth. Midcaps and smallcaps had a soft day, and several recent outperformers cooled off quietly. That told you where the underlying caution was.
Read yesterday’s pre-market report here👇
Indian Markets Post-Market Report-Dec 3, 2025
📊 Index Performance – Nifty, Sensex, Bank Nifty
On Wednesday (3 Dec), Indian markets extended their recent losing streak:
Nifty 50: Closed at 25,986.0, down ~46 points (-0.18%).
Sensex: Settled near 85,107, slipping about 31 points after recovering from a deeper intraday fall.
Bank Nifty: Closed at 59,348.25, +0.13%, marginally outperforming the headline indices.
📊 Indian Markets Pre-Market Report -Support & Resistance – Nifty, Bank Nifty, Sensex
🔵 Nifty 50 – Key Levels
Recent technical commentary places immediate support for Nifty in the 25,800–25,850 band, with resistance around 26,100–26,150.
Given yesterday’s close at 25,986:
Support zones:
S1: 25,850–25,800
S2: 25,700–25,650 (deeper dip zone if selling extends)
Resistance zones:
R1: 26,100–26,150
R2: 26,250–26,300 (recent supply / profit-taking region)
As long as Nifty holds above 25,800 on closing basis, bulls can still frame this as a consolidation post the all-time high near 26,310.
🏦 Bank Nifty – Key Levels
Pivot-based levels from recent data show:
Spot close: ~59,348
Supports:
S1: ~59,050–59,000
S2: ~58,850–58,750
Resistances:
R1: ~59,700–59,800
R2: ~60,000–60,200
Bank Nifty has been comparatively stronger. A sustained move above 60,000 can reopen the path to recent highs; a slip below 58,700–58,800 would indicate more serious profit-booking.
📉 Sensex – Key Levels
Based on pivot calculations and recent commentary:
Spot close: ~ 85,107
Support:
S1: ~84,800–84,500
S2: ~84,200–84,000
Resistance:
R1: ~ 85,300–85,400
R2: ~ 86,000–86,500
For today’s session, watch whether Sensex can hold above 84,800 and reclaim 85,300+ — that would signal stability despite rupee and FII headwinds.
📈 Sector Tone Before the Open
IT continues to be the quiet hero. The weak rupee actually works in its favour, and with global tech steady, the sector has decent footing. Private banks are holding the fort — they may not rally big, but they’re keeping the market from sliding. PSU banks, on the other hand, remain under pressure. Profit-booking, stretched valuations, and the currency move haven’t been kind to that pocket. Consumption, auto, and energy stocks are seeing signs of fatigue.
This is still a stock-pickers’ market, not a straight index-trend market.
📉 India VIX — Calm, But Not Comfortable
The VIX sitting close to 11 tells you the market isn’t expecting fireworks today. But low volatility can be deceptive, especially ahead of major events. With the RBI policy tomorrow, the market may stay quiet through the first half, only to get jittery if global cues shift in the afternoon.
💱 Currency Check — Rupee Still the Problem Child
The rupee holding near ₹90 is the single biggest sentiment dampener right now. It affects everything — from foreign flows to import costs to inflation expectations. And even though the RBI has been smoothing out volatility, traders can sense the discomfort on the macro front.
For equity watchers, the rupee’s weakness has a mixed effect:
IT and pharma get a tailwind. Import-heavy sectors feel the pinch. FIIs prefer to stay light when the currency looks unstable.
Until the RBI gives a clearer tone tomorrow, currency pressure will continue to shape intraday mood.
🛢️🪙 Commodities — A Mixed Bag
Gold is holding firm after its recent climb. Silver too remains elevated. Both continue to reflect global uncertainty and the safety trade.
Gold: around ₹1,30,350per 10gram.
Silver: near ₹1,82,150 per kg.
Gold and silver are firm to strong, reflecting:
Global rate-cut expectations, Safe-haven demand amid currency volatility and geopolitical worries.
🛢️ Crude Oil
Brent crude :futures are hovering around $63–64/bbl,
💱 USD/INR
Spot and near-month futures are trading around ₹90–90.4 per USD, after printing new highs above 90.19 yesterday. RBI is intervening, but more to smooth volatility than to defend a specific level, according to multiple reports.
📦 IPO Corner — Steady Interest Despite Market Caution
The primary market hasn’t lost its spark. Several ongoing issues continue to pull decent subscription from retail and HNI categories. Smaller names in the mid-sized IPO lane are getting healthy participation, which shows that liquidity hasn’t dried up — it has just become selective.
Oversubscription in SME and mid-tier IPOs often signals that traders are willing to rotate capital into pockets where momentum still exists. Check IPO FAQs
💸 FII & DII Flow Snapshot
For 3 December 2025 (cash market):
FII / FPI: Net SELL ≈ ₹-3,206.9 crore
DII: Net BUY ≈ ₹+4,730.4 crore
If FIIs remain persistent sellers while the rupee trades beyond ₹90, markets may stay choppy, even if headline indices don’t collapse.
FIIs continue to trim exposure. DIIs keep absorbing supply.
This tug-of-war is why the market hasn’t collapsed despite a weak rupee and global uncertainty. Domestic money remains the backbone of this rally.
For today, the market will watch whether FIIs stay cautious into the RBI event or whether global risk appetite spills over into buying.
🧭 Trading View — Short Term
Short-term traders will likely stick to quick, clean trades:
Buy IT or private-bank names on dips, not breakouts. Avoid overly leveraged derivative positions ahead of the RBI meet. Watch the 25,800–25,850 zone carefully — that’s where buyers have been showing up.
A quiet morning with pockets of action in stock-specific themes is more likely than a trend day.
Long-Term View
Long-term investors should stay calm. None of the volatility this week challenges the broader growth narrative. India’s macro picture still looks strong, even if the currency briefly clouds sentiment.
If anything, these mild corrections often give staggered entry points for disciplined portfolios. But allocation and risk tolerance still matter more than timing.
⭐ Stock to Watch (Not a Recommendation)
Wipro
It has shown relative strength this week and continues to benefit from both global tech stability and the weaker rupee. Momentum traders may keep it on their radar, but this is strictly a watchlist mention — not advice.
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⚠️ Disclaimer:
This report is for informational and educational use only. It is not investment advice, not a buy/sell recommendation, and not a research report. Markets involve risk, including potential loss of capital. Please consult a SEBI-registered investment adviser before acting on any market information. All data and levels are based on publicly available sources as of the morning of 4 December 2025 and may change without notice.
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