Indian markets are bracing for a subdued opening this Tuesday, December 2, 2025, with early indicators suggesting caution amongst investors. At 7:08 AM, the GIFT Nifty futures were registered at 26,334, a flat reading that points towards a muted start for domestic indices.
The benchmark indices experienced a slight pullback from Monday’s close. As of 09:19 AM, Dec 02, 2025, the Sensex was trading at 85,509.39, down 132.51 points, a decline of -0.15%. Simultaneously, the Nifty was at 26,124.35, having shed 51.41 points, or -0.20%. This caution is further underscored by the domestic currency, with the Indian rupee opening 15 paise weaker at 89.70 per US dollar at 9:03 AM, against Monday’s close of 89.50.
(Source: BSE, NSE, SGX Nifty)
Domestic Market Performance
Despite the marginal decline at the open, key indices displayed underlying resilience.
- With a new record high of 26,325 Nifty approaches its weekly expiry session.
- The Nifty Bank saw a significant intraday fluctuation, falling over 400 points from its high after briefly scaling the 60,000 mark during the opening session.
- The positive takeaway is that both the Nifty and Nifty Bank successfully closed above their critical support levels, as identified on Monday.
- Public sector financial institutions are at the forefront of the market rally this morning. The Nifty PSU Bank index is currently the best-performing sectoral index, having reached a new 52-week high in today’s session (As of Dec 2, 2025, 9.32 AM).
(Source: Business Standard, Moneycontrol)
Global Market Headwinds
The cautious sentiment in the Indian markets is largely a reflection of negative global cues, particularly from the US:
- US Futures are lower after the cash market’s 5-day winning streak was snapped.
- The US market ended in the red, with the Dow falling nearly 1% amidst weak macroeconomic data.
- Bitcoin saw its worst day since March, plunging 6% to trade below the 86,000 mark, dragging down sentiment across the broader crypto and tech sectors.
- The US 10-year yield is slightly higher as global markets anticipate faster economic growth in 2026.
(Source: Business Standard, Economic Times)
Key Stock and Sector Developments
Several individual stocks are in the spotlight due to specific company and policy news:
- Vodafone Idea (Vi): Shares are in focus amid anticipation of AGR relief measures by the end of the year. The Union Telecom Minister, Jyotiraditya Scindia confirmed the Centre is awaiting a formal request from Vi before proceeding with any relief, while carefully examining the legal boundaries set by the Supreme Court judgment.
- Reliance Industries announces completion of Jiostar and STPL merger: Jiostar India Private Limited was formerly known as Star India Private Limited. This merger became officially effective on November 30, 2025, resulting in the official merger of STPL with Jiostar. The strategic action is aimed at streamlining operations and creating synergies within the larger Reliance Industries group.
- Tata Communications: The stock is trading with interest after its unit acquired a 51% stake in the US-based AI firm, Commotion Inc., for ₹227 crore. The total consideration for the deal was $25.5 million.
- Vedanta: Shares are in focus after S&P Global Ratings revised the parent company’s outlook higher, though concerns remain over the potential for future debt-funded acquisitions or large investments in new areas like semiconductors.
- Adani Ports: The company saw its logistics rail volume drop 5% year-on-year to 51,042 TEUs (Twenty-foot Equivalent Units), despite a 14% year-on-year rise in overall cargo handled volume to 41 million tonnes at 9:07 AM.
- Wipro: The company completed the acquisition of HARMAN’s Digital Transformation Solutions (DTS) business unit, which will now operate under Wipro’s Engineering Global Business Line.
- Bharat Dynamics: Bharat Dynamics shares edged higher by 0.15% as of 9.40 AM, following the announcement that the company has secured a significant ₹2,462 crore defence order from the Indian Army. This substantial contract is expected to boost sentiment regarding the company’s order book and enhance its execution visibility.
(Source: Business Standard, Moneycontrol, CNBC TV 18)
Regulatory and Policy Update
A significant regulatory change impacting the domestic technology sector has been introduced:
- The Government has mandated that all smartphone makers must pre-install the Sanchaar Saathi app on new devices to enhance cybersecurity and address concerns related to lost or stolen phones and network misuse.
(Source: CNBC TV 18)
The Bottomline
Attention will remain fixed on policy actions regarding Vodafone Idea’s AGR relief and the performance of key stocks like Tata Communications and Vedanta. Overall, the Opening Bell signals a day where the market will be keenly watching for global economic stability and sector-specific developments to dictate the trading direction.
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