A thirty-five billion dollar vote of confidence from Amazon gets drowned out by the silence of the Federal Reserve. Welcome to a market holding its breath.

I am Prem, and this is News That Move Markets. It was a day where the long-term narrative collided with short-term anxiety, and anxiety won. The Nifty 50 gave up the key 25,800 level, closing at 25,758, down about a third of a percent. The Sensex shed 275 points to settle at 84,391. This marks the third straight session of losses, but the real story wasn't the drop itself, it was the disconnect between massive corporate news and the market’s sour mood.

Let us unpack the why. We had a headline that in any other week might have triggered a rally. Amazon committed an additional 35 billion dollars to India by 2030, targeting AI, exports, and job creation. That brings their total commitment to a staggering levels. But the markets barely blinked. Why? Because everyone is looking past New Delhi and staring directly at Washington. We are hours away from the US Federal Reserve’s final rate decision of the year. While a rate cut is largely priced in, the fear lies in the unknown forward guidance for 2026. This uncertainty kept Foreign Institutional Investors on the selling side, effectively neutralizing domestic optimism. It is a classic case of immediate macro headwinds overpowering structural tailwinds.

When capital gets nervous, it rotates, and today that rotation was brutal for the Consumer Durables sector. The index dropped over 1.7 percent, making it the worst performer. We saw sharp profit booking in high-flying names like Dixon Technologies and Trent, as investors questioned valuations amidst a cautious spending environment. However, it wasn't all red. Smart money moved into global cyclicals, helping the Nifty Metal index close in the green. And a special mention goes to Eicher Motors in the auto space. On a day when the broader market fell, Eicher hit a record high, proving that strong company-specific fundamentals can still decouple from the broader market beta.

Our Stock of the Day, however, is on the other end of the spectrum. It is InterGlobe Aviation, the parent of IndiGo. It was the top loser on the Nifty 50, plummeting over 3 percent. This wasn't just vague market noise; it was a specific operational crisis. The Civil Aviation Minister has stepped in, reportedly asking the airline to cut its planned flights by 10 percent to manage a wave of cancellations and operational failures. For an airline that built its entire brand on being an on-time machine, a regulatory cap on capacity is a severe blow. The market immediately priced in the double negative of lost revenue and reputational damage, sending investors heading for the exits.

Looking at the technical setup for tomorrow, the Nifty closing below 25,800 is a sign of weakness, but there is a silver lining. The India VIX, our fear gauge, remains subdued around the 11 mark. It suggests that this selling is calculated de-risking rather than panic. Furthermore, Nifty futures are trading at a premium of nearly 100 points over the spot price. This indicates that traders are betting on a relief rally once the Fed event is out of the way. Watch the 25,700 zone closely tomorrow; if that holds, we might see a bounce.

Globally, the mood mirrors our own. Asian markets were mostly lower, though Hong Kong's Hang Seng managed a gain thanks to positive news regarding Nvidia chip exports. In the US, futures are flatlining as traders refuse to make a move before the Fed speaks. Meanwhile, in the crypto space, Bitcoin continues to hover near the 93,000 dollar mark, showing surprising resilience even as equities wobble.

So, the takeaway for tomorrow is simple. Ignore the noise until the Fed speaks. The long-term story, evidenced by Amazon's massive bet, is intact, but the short-term price action belongs to Jerome Powell. Stay calm, and let the dust settle.