The GIFT Nifty opened Friday’s session slightly lower at 26,180, down around 0.03%, as investors took a cautious stance. Market participants are keeping an eye on global cues including weak Asian markets, mixed US trade, currency movements, and commodity trends, while domestic focus remains on the Reserve Bank of India’s upcoming policy decision.
Indian equities closed with small gains on December 4. The Sensex moved up by 158 points (0.19%) to end at 85,265, while the Nifty 50 added nearly 48 points (0.18%) to finish at 26,034.
Key global and domestic cues to know on December 5, 2025
RBI to announce rate call
The Reserve Bank of India’s Monetary Policy Committee will announce its policy outcome today as its three-day meeting, which started on December 3, comes to an end. The repo rate has been steady at 5.5% for the past four meetings, and opinions are split on what comes next. A Financial Express poll shows that while some analysts expect the RBI to keep rates unchanged once again, others believe there could be a 25-basis-point cut this time.
Rupee recovers
The rupee meanwhile recovered from its lifetime lows below the 90/$ mark. The street will also watch out for the RBI commentary on the rupee and the outlook going forward. Many brokerages expect the currency to stage a come back in 2026.
Modi-Putin Meet
Prime Minister Narendra Modi and Russian President Vladimir Putin met in New Delhi on December 4–5, for the 23rd India-Russia Annual Summit. This is Putin’s first visit to India in over four years, and his first since the outbreak of the Ukraine conflict. Discussions are expected to focus on strengthening defence cooperation, trade, and energy ties between the two countries.
Asian Markets
Asia-Pacific markets started the day on a weak note on Friday. Japan’s Nikkei 225 dropped 1.36%, and the Topix slipped 1.12%. South Korea’s Kospi was almost flat, while the Kosdaq fell 0.25%. Australia’s S&P/ASX 200 also edged down 0.17%.
US market
U.S. markets ended Thursday on a mixed note. The S&P 500 inched up 0.11% to close at 6,857.12, while the Nasdaq Composite rose 0.22% to 23,505.14 as traders looked ahead to the Federal Reserve’s interest rate decision next week. The Dow Jones Industrial Average, however, slipped 0.07%, ending the session at 47,850.94.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was 0.06% down at 99.01 on Friday 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 depreciated 0.22%, closed at 89.98 to the dollar on December 4.
Crude Oil
Crude oil prices were almost flat on Friday morning, with only a small dip. West Texas Intermediate (WTI) hovered around $59.64 a barrel, down 0.01%, while Brent slipped 0.02% to roughly $63.25.
FII
Foreign investors pulled out about Rs 1,944 crore from Indian stocks on December 4, while domestic institutional investors stepped in and bought roughly Rs 3,661 crore worth of shares, based on early exchange data.
Gold rate today
Gold prices in India edged higher on Friday morning. On the MCX, February 5, 2026 gold futures were trading at Rs 1,30,000 per 10 grams, down 0.06% in the latest update.
In the international market, gold was trading at $4,234.80 per ounce.
Top sectors in the last trading session
The market saw small gains across a few sectors. Information Technology was up 1.24%, Aquaculture gained 1.19%, Plastics rose 0.99%, and the Digital sector inched up 0.98%. Overall, more sectors moved up than down.
Best and worst performing business group
The Future Group gained 2.64%, while the Kirloskars Group rose 2.21%. The Hero Group was up 2.07%, and the Ruchi Group increased 1.97%. On the other hand, the Garware Group fell 2.94%, Indiabulls Group declined 3.07%, and the Ramco Group slipped 3.21%.
