Tuesday’s session began on a quiet note for GIFT Nifty. It opened marginally lower at 26,338. The mood remains cautious as markets take their cues from overseas developments, including shifts in crude oil, gold, and major currency pairs that could influence sentiment later in the day.
The Indian market ended the December 1 session on a flat note after hitting fresh highs in early trade.. The Sensex closed 64.77 points lower at 85,641.90 (down 0.08%), while the Nifty slipped 27.20 points to 26,175.75 (down 0.10%).
Key global and domestic cues to know on December 2, 2025
RBI Policy meet to begin on Dec 3
The RBI’s Monetary Policy Committee, led by Governor Sanjay Malhotra, will meet from December 3 to 5. The final decision with regards to the repo rate will be announced on the final day. The policy rate has remained at 5.5% since August, following a 100-basis-point cut earlier this year.
Market participants are watching out for the RBI decision closely, especially after Q2 GDP growth jumped to 8.2% while nominal GDP stayed mute. Several brokerages have argued for quicker rate cuts, noting that nominal growth is well below the two-year average of 10%. A Financial Express poll shows economists are split between expecting another pause and predicting a 25-bps cut in December.
Asian Markets
Asian markets started Tuesday on a mostly positive note. Japan’s Nikkei 225 opened with a 0.54% gain, and the broader Topix index was also higher. In South Korea, the Kospi moved up 1.02%, while the smaller Kosdaq index slipped slightly.
US market
US. markets ended Monday’s session in the red as major indices came under pressure. The S&P 500 closed lower, slipping 0.53% to 6,812.63, while the Nasdaq Composite eased 0.38% and wrapped up the day at 23,275.92. The Dow Jones Industrial Average also saw a sharp decline, falling 427 points, about 0.9% to finish at 47,289.33.
Crypto slide
Bitcoin tumbled on Dec 1, falling nearly 6% and breaking below $86,000. This marks its steepest single-day drop since March. The token has struggled to reclaim the $90,000 level after slipping under it late last month. The sell-off spilled into related stocks too. Coinbase and MicroStrategy both closed Monday’s U.S. session in the red.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was 0.04% up at 99.45 on Tuesday 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 0.10%, closed at 89.55 to the dollar on December1.
Crude Oil
Crude oil prices inched lower in early Monday trade. West Texas Intermediate dipped 0.02% to $59.49 a barrel, while Brent crude was slightly down by 0.05% at $63.28.
FII, DII data
Foreign investors (FIIs/FPIs) continued to sell Indian equities on December 1, offloading shares worth Rs 1,171 crore. In contrast, domestic institutional investors (DIIs) were net buyers, picking up shares worth Rs 2,559 crore, as per provisional exchange data.
Gold rate today
In the latest on the yellow metal, the gold rate in Dubai, 24-carat gold was priced at United Arab Emirates dirham (AED) 511.75 per gram, while 22-carat traded at AED 473.75 per gram and 18-carat at AED 389.50 per gram.
As per Goodreturns, in India, the 24-carat gold rate today is Rs 1,30,490/10 gm, while 22-carat gold costs Rs 1,19,610/10 gm. For those preferring 18-carat gold, the price is Rs 97,870 for the same weight.
Top sectors in the last trading session
The Glass sector recorded a 2.24% gain, while Non-Ferrous Metals rose 1.75%. Mining stocks were up 1.21%, and the Automobiles sector posted a 1.19% increase in market cap during the session.
Best and worst performing business group
The TVS Group saw the biggest move with a 3.55% rise in market cap, followed by the Vedanta Group at 2.18%, BK Birla Group at 2.14%, and Muthoot Group at 2.07%. On the downside, the Manipal Group slipped 2.52%, the Pennar Group declined 3.09%, and the Ruchi Group fell 5.98% during the session.
