Wednesday’s session opened on a flat to slightly negative note for GIFT Nifty, starting at 26,208, down 0.01%. The mood stayed cautious as traders looked to global cues, including moves in crude oil, gold and major currency pairs, which could shape market sentiment through the day.
The market ended weak on December 2, with the Sensex slipping 503 points to close at 85,138 after hitting an intraday low of 85,053. The Nifty also stayed under pressure, falling 144 points to end the day at 26,032.
Key global and domestic cues to know on December 3, 2025
RBI Policy meet to begin today, Dec 3
The RBI’s Monetary Policy Committee, led by Governor Sanjay Malhotra, begins its three-day meeting today, December 3, with the policy outcome scheduled for December 5. The repo rate has been unchanged at 5.5% since August, after a 100-bps cut earlier this year. Traders are watching the review closely, especially after Q2 GDP grew 8.2% while nominal growth remained weak.
Brokerages have been calling for faster rate cuts, pointing out that nominal GDP is still below the two-year average of 10%. A Financial Express poll suggests economists are divided – some expect another pause, while others see room for a 25-bps cut this month.
Asian Markets
Asia-Pacific markets started Wednesday on a positive note, with most major indices trading higher in early deals. Japan’s benchmark index gained 0.74%, though the Topix was largely unchanged. South Korea’s Kospi inched up 0.29% and the Kosdaq saw a small 0.10% rise. In Australia, the S&P/ASX 200 added 0.3%.
US market
On December 2, U.S. markets ended higher, with all three major indices closing in the green. The Dow rose about 0.39%, the S&P 500 edged up 0.25%, and the Nasdaq posted a 0.59% gain.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was 0.08% down at 99.24 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.35%, closed at 89.87 to the dollar on December 2.
Crude Oil
Crude oil prices saw a mild uptick in early Wednesday trade, with West Texas Intermediate hovering at $58.66 a barrel after a small 0.04% rise. Brent crude also inched up by the same margin, trading around $62.47.
FII, DII data
Foreign investors pulled out Rs 3,642 crore from Indian equities on Tuesday, while domestic institutional investors stepped in with net purchases worth Rs 4,646 crore, provisional exchange data showed.
Gold rate today
Gold prices in India were slightly weak in early Wednesday trade. On the MCX, February 5, 2026 gold futures were trading at Rs 1,29,700 per 10 gram, down 0.73%.
Top sectors in the last trading session
Aquaculture stocks led the gains with a 5.68% rise in market cap, while the Paints & Pigments sector saw a 2.45% increase. The Tyres sector also moved higher, posting a 1.8% jump in market capitalisation.
Best and worst performing business group
The Poddar Group recorded the strongest move with a 6.29% rise in market cap, followed by the Jaypee Group with a 2.26% increase. The Future Group also edged higher with a 2.12% gain, while the Jaipuria Group rose 2%. On the downside, the DCM Group saw its market cap fall 2.81%, the Nagarjuna Group declined 3.41%, and the Ruchi Group dropped 5.17%.
