US Markets Close Mixed Ahead of Fed Decision – Dow down 0.1% to 47,850, S&P 500 up 0.11% to 6,857, Nasdaq up 0.22% to 23,505; profit-taking evident despite expectations of December 10 rate cut; Intel tumbles 8% on divestiture reversal
Indian ADRs Show Strength Overnight – Infosys ADR surges 3.6%, HDFC Bank rises 0.25%, ICICI Bank flat, Reliance declines 0.69%; positive momentum in IT sector sets constructive tone for domestic market
Asian Markets Present Mixed Signals – Nikkei down 1.46%, Hang Seng down 0.32%, Shanghai marginally lower; weakness and profit-taking evident across region
Gift Nifty Consolidates Ahead of RBI Decision – Trading at 26,183, down 0.02% from previous close; investors positioning cautiously before major policy announcement
Global Commodities Snapshot – Brent crude at $63.24/barrel, up 0.91% on Ukrainian-Russian geopolitical tensions; gold remains stable; energy stocks supported by supply concerns
RBI Monetary Policy: The Day's Main Market Catalyst – Decision announced at 10 AM today; market divided on whether to cut repo rate by 25 basis points or maintain at 5.5%; inflation at benign 2.6% supports cut case, but robust 8.2% GDP growth supports pause argument
Technical Levels for Daily Market Preview – Nifty 50 resistance: 26,100-26,200; support: 25,900-25,950; critical break below 25,900 opens way to 25,750; Bank Nifty resistance: 59,800; support: 59,000
Key Market Trends India: RBI Forward Guidance Matters – Outcome hinges not just on rate decision but on tone and forward guidance; dovish signals could push Nifty toward 26,500, while hawkish stance risks dip toward 25,900
Trading Strategy for Today's Market Updates – Maintain flexible positioning until after 10 AM announcement; avoid aggressive directional bets pre-policy; trade technicals post-announcement with heightened volatility expected; monitor FII flows as currency weakness persists
Medium-Term Outlook – Domestic fundamentals remain strong supporting bull run potential; dovish pivot could reignite rally beyond 26,500; currency headwinds remain key constraint on foreign flows despite policy support