GIFT Nifty started Thursday’s trade slightly lower at 26,093, down 0.16%. The tone was cautious, with traders keeping an eye on global signals especially movements in crude oil, gold and major currencies which are likely to guide market sentiment today.
The Indian stock market ended flat on December 3. The Sensex slipped 31 points to 85,106, while the Nifty fell 46 points to 25,986.
Key global and domestic cues to know on December 4, 2025
Modi to meet Putin tonight
Global attention is on India today as Prime Minister Narendra Modi prepares to meet Russian President Vladimir Putin, who arrives in New Delhi this evening. This is Putin’s first visit to India since 2021.
The two leaders are expected to hold a private dinner tonight. The meeting takes place amid ongoing tensions linked to the Russia-Ukraine conflict, Western sanctions, and pressure on India over its energy imports from Moscow.
RBI Policy meet
The Reserve Bank of India’s last policy meeting of the year is underway, with the second day of discussions happening today. Over the three-day review, the MPC will decide whether interest rates should be reduced now or held steady for a bit longer.
The repo rate has remained unchanged at 5.5% for four meetings in a row. According to a Financial Express poll, experts are divided – some expect the RBI to maintain status quo again, while others see a possibility of a 25-basis-point rate cut this month.
Asian Markets
Asia-Pacific markets opened on a mixed note on Thursday. Japan’s Nikkei 225 inched up 0.3% in early trade, while the Topix also moved slightly higher. In contrast, South Korea’s Kospi slipped 0.45%, even as the Kosdaq managed a small 0.12% gain. Australia’s S&P/ASX 200 was largely unchanged in the morning session.
US market
On December 3, US markets closed higher. The Dow Jones climbed 408 points, or 0.86%, to 47,882.90. The S&P 500 was up 0.30% at 6,849.72, while the Nasdaq Composite added 0.17% to close at 23,454.09.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was 0.05% up at 99.93 on Thursday 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 0.34%, closed at 90.19 to the dollar on December 3.
Crude Oil
Crude oil prices were higher on Thursday morning. WTI was trading near $59.14 a barrel, up 0.15%, while Brent inched up 0.23% to about $62.83.
FII
Foreign investors turned sellers on Wednesday (Dec 3), pulling out Rs 3,207 crore from Indian stocks. Meanwhile, domestic institutional investors stepped in on the other side, picking up shares worth Rs 4,730 crore, as per early exchange data.
Gold rate today
Gold prices in India edged higher on Thursday morning. On the MCX, February 5, 2026 gold futures were trading at Rs 1,30,350 per 10 grams, up 0.46% in the latest update.
In the international market, gold was trading at $4,243.30 per ounce.
Top sectors in the last trading session
The non-ferrous metals sector saw a 1.3% rise. The paper sector also gained 1.13%. Meanwhile, REITs and InvITs recorded a 1.08% uptick.
Best and worst performing business group
The Ruchi Group led the gains with a 3.58% rise, followed by the Wadia Group, which was up 2.98%, and the Raunaq Group, gaining 1.97%. On the other hand, the Adventz Group slipped 2.22%, the Max India Group fell 2.3%, while the Yash Birla Group declined 2.49%.