India’s equity markets opened the week with a burst of energy, lifted by fresh all-time highs, aggressive IPO fundraising, and a wave of global optimism. Meanwhile, policy debates, sectoral churn, and corporate manoeuvres added new texture to the market’s narrative.
📌 Key Market & Economy Updates
- Sensex scales new peak as upbeat global cues and India’s stronger-than-expected 8.2% Q2FY26 GDP growth fired up sentiment.
- Economists are divided over the RBI’s December policy, where early whispers of a 25 bps rate cut are balanced against a gap between strong real GDP growth and slower nominal growth.
- US equities posted gains for the sixth session in seven, reinforcing risk appetite across markets.
- Asian indices opened steady, signalling no major overnight shocks.
- Meesho kicked off its highly watched $603 million IPO, drawing mammoth interest from anchor investors—oversubscribed almost 30×. Its logistics arm Valmo delivered a surprise by overtaking Delhivery in Q2 volumes. Such initiatives typically drive long-term value creation.
- Aequs opened its ₹921 crore public issue, with allotments due on December 8 and listing expected on December 10.
- Anthropic, the global AI unicorn, is reportedly preparing its IPO roadmap for 2026, signalling another wave of AI-led capital market activity.
- Vidya Wires mobilised ₹90 crore from anchors, ahead of its ₹300 crore issue. This move positions them well in the competitive landscape.
- Netflix and Warner Bros Discovery are in early discussions for a bundled streaming offering, potentially reducing subscription costs for customers.
- Air India and several carriers dealt with temporary check-in system failures lasting about 45 minutes, leading to delays.
- Valmo (Meesho Logistics) handled 65% of e-commerce volumes in H1FY26, strengthening its competitive position.
- Yoodli, an AI coaching platform, raised $40 million in Series B, led by WestBridge Capital.
- Bajaj Finance offloaded nearly 2% stake (16.66 crore shares) in Bajaj Housing Finance through a ₹1,588 crore bulk deal.
- Block deal overhang dragged Bajaj Housing Finance shares down 9% to a 52-week low.
- RPP Infra secured a new project via an LOA, boosting order visibility. This move positions them well in the competitive landscape.
- India Cements announced divestment plans to de-stress its financial position.
- ASK Investment Managers bought 0.58% stake in Rallis India.
- Gold rebounded 1% to around $4,218, reflecting safe-haven demand ahead of policy cues. This strategic step could enhance market positioning.
- Silver hovered close to record highs, supported by expectations of global rate cuts.
- Bitcoin surged back above $90,000, while Ether crossed the $3,000 mark after a sharp rebound.
- In the US, the Dow added 185 points, S&P climbed 16.74 points, and Nasdaq rose 137.75 points.
- Despite a strong start, Nifty slipped below 26,000 and Sensex fell 504 points, with all sectors ending in the red. Over 240 stocks hit fresh 52-week lows.
- Nifty 50 outlook:
- Support: 25,900–25,850
- Resistance: 26,300
- Axis Securities expects Nifty to reach 29,500 by December 2026 (bull case).
- Asian Paints hit a new 52-week high, gaining 3% after a brokerage upgrade.
- SPARC soared 20% after a favourable US court verdict for its Sezaby PRV drug.
- IndusInd Bank: Analysts highlight its diversified asset mix, strong liability franchise, and long-term growth indicators.
- SBI: Attractive valuations and strong subsidiary value make it a top PSU pick.
- Indus Towers: Seen as a deep-value opportunity if Vodafone stays afloat.
- Wockhardt: Rose 6%, extending its two-day rally to 27% post USFDA’s acceptance of its new drug Zaynich. This move positions them well in the competitive landscape.
- Quick commerce in India is expected to double penetration in eight years with faster profitability timelines than global counterparts.
- Analysts foresee India outperforming US tech stocks in 2026, driven by earnings visibility and demographic strength.
- RBI Policy Preview: Economists debate whether liquidity tools may be preferred over outright rate cuts at this stage. Industry observers see this as a positive development.
- India’s Q2FY26 GDP: The 8.2% print led forecasters to revise full-year projections to above 7%.
- CAD moderates to $12.3 billion (1.3% of GDP), backed by strong services exports. This development reflects broader industry trends.
- GST revenue in November dipped to ₹1.7 lakh crore, marking a 12-month low with growth at 0.7%.
- IIP growth cooled to a 14-month low of 0.4% in October, despite resilient GDP numbers.
- UPI transactions stayed above 20 billion for the second consecutive month.
- OECD predicts India will continue its growth streak in FY26, aided by GST reform efficiency.
- India–US trade: Overall exports to the US dipped, but smartphone, chemical, and even golf ball shipments showed surprising resilience.
- Upcoming FTAs with the US and EU could reshape India’s export basket. This development reflects broader industry trends.
- At the Tianjin SCO Summit, India engaged diplomatically even as investment challenges linger.
- The US is intensifying engagement with Central Asia, increasing competition with China and Russia.
- Prime Minister Modi’s Japan visit is being labelled a big pivot moment for Asian partnerships.
- Two-wheelers and textiles saw demand soften post GST 2.0 due to category-specific tax realignments.
- Industrial production slowed sharply, prompting concerns about near-term manufacturing momentum.
- Despite this, high-frequency indicators such as UPI, FASTag toll collection, and e-way bills remain healthy.
- Parliament’s Winter Session will table major reform bills aimed at sustaining growth through structural changes.
- Sanchar Saathi’s mandatory rollout has raised privacy concerns, with experts warning about potential misuse of a non-deletable app.
- The government may consolidate public-sector banks down to four by FY27 through mega mergers.
- Finance Minister Nirmala Sitharaman emphasized global cooperation on digital taxation.
- Debate heats up around how much of IPO funds are actually going toward capex, with promoters cashing out via OFS in several cases.
- Airlines, including Air India and IndiGo, cautioned passengers about possible delays due to A320 aircraft issues.
- IndiGo faces a ₹117 crore penalty related to input tax credit matters.
- An Air India Ahmedabad-bound flight made an emergency return after a smoke alert.
- Airbus flagged a solar-radiation–linked software vulnerability in 200–250 A320 aircraft needing urgent fixes. Such initiatives typically drive long-term value creation.
- The Delhi High Court asked the Centre to respond to Apple's petition challenging a CCI order.
- Mumbai Police registered a multi-crore fraud case against ALX Shipping India & Aladdin Express Dubai.
- In the Trafigura nickel fraud case, testimonies concluded with Prateek Gupta denying involvement despite accusations of substituting steel for nickel worth $600 million.
- Moneycontrol issued an advisory on fake agents collecting money under their name. This move positions them well in the competitive landscape.
- IGI India sees strong demand outlook in gem certification.
- CAL’s aluminium business benefited from strategic acquisitions.
- Persistent Systems posted resilient margins but faces valuation concerns.
- Dodla Dairy continued expanding its higher-margin packaged dairy portfolio.
- Home First Finance showcased consistent performance despite macro uncertainties.
- Michael Burry revealed a short position on Tesla, citing valuation risks.
- LIC disclosed an ₹8,646 crore exposure to Adani Total Gas.
- Think-pieces are emerging on how brands misuse apologies, diluting meaning.
- Investor favourite Jim Rogers shared his views on AI, metals, and India’s growth trajectory. This development reflects broader industry trends.
Published by Barawakar |Market Pulse – 03 Dec 2025
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