{"id":6072,"date":"2025-12-04T05:48:43","date_gmt":"2025-12-04T05:48:43","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6072"},"modified":"2025-12-04T07:41:32","modified_gmt":"2025-12-04T07:41:32","slug":"indian-stock-market-update-sensex-and-nifty-hold-firm-amidst-global-buzz-defence-stocks-in-limelight","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/indian-stock-market-update-sensex-and-nifty-hold-firm-amidst-global-buzz-defence-stocks-in-limelight\/","title":{"rendered":"Indian Stock Market Update: Sensex and Nifty Hold Firm Amidst Global Buzz; Defence Stocks in Limelight"},"content":{"rendered":"

The Indian stock market opened on a resilient note this Thursday, showcasing stability despite mixed global cues. As of 09:30 AM, the benchmark indices were trading in the green, signalling that the bulls are keen to hold their ground at these elevated levels.<\/span><\/p>\n

The BSE Sensex opened marginally higher, climbing 32.81 points or 0.04 percent to trade at 85,139.62. Mirroring this sentiment, the NSE Nifty nudged up by 9.70 points or 0.04 percent, sitting comfortably at 25,995.70.<\/span><\/p>\n

While the headline indices remained positive, the broader market breadth reflected a tussle between buyers and sellers. Approximately 1,253 shares advanced, showing healthy buying interest, while 1,505 shares declined, and 158 remained unchanged.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b>BSE<\/span><\/i><\/a>, NSE| 09:30 AM IST)<\/span><\/i><\/span><\/p>\n

Macro View: Rupee Pressure vs. GDP Optimism<\/b><\/h2>\n

While equities held steady, the currency desk witnessed some turbulence. The Indian Rupee opened 22 paise lower at 90.41 against the US dollar. The slide is attributed to persistent equity outflows and lingering uncertainty regarding the India-US trade deal.<\/span><\/p>\n

However, domestic sentiment received a boost from Kotak Mahindra AMC. Deepak Agrawal of Kotak highlighted a 50 percent probability of a 25 bps rate cut in the policy decision to be announced tomorrow. Furthermore, there is an expectation that the RBI may revise its FY26 GDP growth forecast to above 6.8 percent, underscoring the underlying strength of the Indian economy.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> Moneycontrol)<\/span><\/i><\/span><\/p>\n

The Big Story: Putin in Town, Defence Stocks on Alert<\/b><\/h2>\n

All eyes are on New Delhi today as Russian President Vladimir Putin is scheduled to arrive at roughly 4:30 PM. This marks his first visit to India in four years, a significant event for geopolitical watchers and investors alike.<\/span><\/p>\n

The market is buzzing with anticipation regarding potential defence deals. Discussions are expected to centre on the S-500 Prometheus missile system, the next-generation successor to the S-400. Consequently, defence manufacturing stocks are likely to see heightened activity as traders price in the possibility of new procurement contracts and expedited delivery of pending hardware.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> livemint, Moneycontrol)<\/span><\/i><\/span><\/p>\n

Corporate Action: Orders, Earnings, and Expansions<\/b><\/h2>\n

Several companies are making waves in early trade due to significant order wins and strategic shifts.<\/span><\/p>\n