Indian Markets Pre-Market Report – Wednesday, 3 December 2025 – Nifty 50, Bank Nifty, Sensex, global cues, Gift Nifty, FII-DII, IPOs, commodities & currency

🌍 Global Cues & [G] Gift Nifty – How the Day Is Setting Up

Indian Markets Pre-Market Report Says that, Overnight US markets bounced back after Monday’s wobble. The S&P 500 gained around 0.2–0.3%, the Dow about 0.4% and the Nasdaq roughly 0.6%, as traders bought the dip and bond yields stabilised.

Early Wednesday in Asia, stocks are trading in tight ranges, mirroring Wall Street – no big risk-on, but no panic either.

On the derivatives side, Gift Nifty (30 Dec 2025) is hovering around 26,200–26,210 in early trade, almost flat versus yesterday’s Nifty close of 26,032.20 – basically signalling a muted to mildly positive open for Dalal Street.

Takeaway for the open: Expect a calm, data-driven start with stock-specific moves dominating, unless currency or crude suddenly swing.

🧾 Previous Session Recap – 2 December 2025 (Closing Snapshot)

Nifty 50

Close: 26,032.20 Change: –143.55 points (–0.55%)

Sensex

Close: 85,138.27 Change: –503.63 points (–0.59%)

🏦 Bank Nifty

Close: 59,274 (approx) Change: about –0.1%, as financials and private banks weighed on the index.

The market slipped for a third straight session, triggered by:

Profit-booking from record highs Weakness in private banks and large financials A record-weak rupee, which kept foreign investors cautious

Broader indices also ended in the red: Nifty Midcap 100 –0.22%, Nifty Smallcap 100 –0.55%.

🧩 Indian Markets Pre-Market Report for Sector Performance – Heat Map of Dalal Street

From the closing breakdown:

Only clear gainer: Nifty Pharma / Healthcare – managed to stay marginally in the green as money rotated into defensives. Key laggards: Nifty Financial Services – about –0.9%, the top sectoral drag Nifty Private Bank, Media, Metals, Chemicals, Consumer Durables, Oil & Gas – all ended lower

Breadth was weak: over 2,000 NSE stocks closed in the red versus fewer than 1,000 gainers, confirming that it was a broad-based but orderly correction.

📊 Key Levels – Nifty, Bank Nifty, Sensex (Support & Resistance)

🟢 Nifty 50 – 26,032.20

Immediate Resistance: 26,200–26,300 – trade setup notes this as the critical resistance band; staying below it keeps the index in consolidation.

Immediate Support: 26,000–26,100 – psychological + short-term demand zone Deeper Support: Around 25,900, where earlier breakouts were staged; a sustained close below this would indicate a more meaningful correction.

🏦 Bank Nifty – 59,274

Resistance: 59,800–60,000 – a retest here could trigger short-covering if RBI delivers a dovish surprise later in the week.

Support: 59,000–59,100, then 58,600–58,800

🔴 Sensex – 85,138.27

Resistance: 85,800–86,000 – recent record zone and heavy supply area

Support: First near 85,000, then deeper around 84,300–84,500

For today, Gift Nifty hovering near 26,200 suggests Nifty may test that resistance band again in early trades.

📉 India VIX, Open Interest & Put-Call Ratio

India VIX (volatility index) closed yesterday around 11.23, down roughly 4% from Monday – firmly in the low-volatility zone. Nifty option chain (near-month) shows healthy OI build-up on both calls and puts, with strikes around 26,000 and 26,200 seeing the highest activity.

Putting it together:

Low VIX + balanced OI around 26,000–26,200 implies range-bound to slightly bullish bias, unless a fresh macro shock hits. The effective PCR is hovering around the neutral-to-slightly-positive zone (near 1), signalling no extreme fear or greed in options positioning.

🇮🇳🤝🇺🇸 India–US Trade Deal & the Rupee

The India–US trade discussions remain stuck, and that stalemate is one of the reasons analysts cite for the rupee’s persistent weakness.

Over the past week, USD/INR has flirted with the 90 mark, with historical data showing a high near 89.97 on 2 December. Today morning, the dollar–rupee rate is still hovering around ₹89.9–90 per USD, keeping import costs elevated and macro-watchers on edge.

Implication:

Weak rupee = supportive for exporters (IT, pharma, engineering, commodity plays). But it’s a headwind for import-heavy sectors like aviation, oil marketing, and some industrials.

💸 FII & DII Data – 2 December 2025

FIIs (Foreign Institutional Investors)

Gross Buy: ₹15,234.08 crore

Gross Sell: ₹18,876.38 crore

Net: –₹3,642.30 crore (net sellers)

DIIs (Domestic Institutional Investors)

Gross Buy: ₹15,194.77 crore

Gross Sell: ₹10,548.83 crore

Net: +₹4,645.94 crore (strong net buyers)

Pattern: FIIs are cashing out into strength; DIIs are supporting dips. As long as domestic flows stay strong, sharp corrections are likely to be bought.

🧾 IPO Dashboard – Big Day for Meesho, Aequs & Vidya Wires

Today is a big morning for primary markets:

According to multiple IPO trackers:

Meesho IPO Opens today, 3 Dec, closes 5 Dec Mix of fresh issue and OFS, total size over ₹5,400 crore Strong interest in the consumer-internet / e-commerce story Aequs IPO Aerospace and manufacturing player Also open 3–5 Dec; grey-market premium (GMP) is active and positive, suggesting good listing-gain interest. Vidya Wires IPO Specialised wires & cables manufacturer Same window 3–5 Dec

Grey-market chatter indicates meaningful GMPs for all three, with analysts slightly more bullish on Meesho’s growth story but flagging valuations as rich.

For traders, these IPOs will be a sentiment barometer – strong subscription and listing expectations often spill over into mid/smallcap risk appetite.

🪙 Commodities – Gold, Silver & 🛢 Crude

🥇 Gold

Gold :roughly ₹1,26,558 per 10g yesterday close .

🥈 Silver

Silver : ₹1,76,747per kg yesterday close.

Silver continues to outperform gold on a percentage basis, fuelled by both industrial and investment demand.

🛢 Crude Oil

WTI crude is around $58.42/bbl; over the past month it’s down roughly 3% and about 14% lower year-on-year.

Brent crude: $62.17

Soft-to-steady oil prices are macro-positive for India, but rupee weakness partly offsets that comfort in rupee terms.

💱 Currency Check – INR vs USD

As noted earlier:

USD/INR is trading close to ₹89.87 per dollar yesterday close.

For markets today, any intraday move in the rupee – especially a clean break above 90 – can quickly impact banks, OMCs and import-heavy names.

📜 SEBI Rule Changes – What Matters Today

🛑 1. Finfluencer Crackdown

SEBI has banned unregistered finfluencers from associating with brokers, MFs, or RIAs.

🪪 2. Mandatory Social-Media Verification

SEBI may soon require all regulated entities to clearly show registration numbers on social platforms.

Impact: Cleaner information, reduced manipulation, more transparency for retail traders.

🔭 Strategy – Short Term vs Long Term

⚡ Short-Term (Today & This Week)

Expect a range-bound to slightly positive open, with Gift Nifty around 26,200 and global cues supportive but not euphoric.

Key intraday zones: Nifty: 25,900–26,000 as support; 26,200–26,300 as resistance.

Bank Nifty: Buy dips closer to 59,000 with strict stop-loss if RBI commentary turns dovish later in the week. With VIX near 11, option writers have the edge; option buyers need to be very stock-selective.

📈 Long-Term (12–24 Months)

Despite the recent wobble, India’s structural story is intact: strong GDP, domestic flows, deepening capital markets and a solid IPO pipeline. A balanced long-term approach can include: Quality large-cap banks & financials (accumulated on dips) Exporters (IT, pharma, engineering) – beneficiaries of a weaker rupee Autos & consumption leaders A modest allocation to gold/silver as a hedge against global shocks

⚠️ Disclaimer:

This report is for information and educational purposes only. It is not investment advice, a research report, or a recommendation.

All index levels, prices, FII-DII data, IPO details, and commodity rates are based on publicly available information as of 3 December 2025 and may change without notice.

Investing in equities, derivatives, commodities, or IPOs carries market risk.

Please consult your SEBI-registered investment adviser before making financial decisions.

Indian Markets Pre-Market Report-Dec 3, 2025