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Indian benchmark indices, Sensex and Nifty are likely to start on a muted note on December 3, taking cues from GIFT Nifty, which was trading higher around 26,195.50.
The Indian markets kicked off the week on a strong note as it opened with a fresh all-time high in the opening trade, taking cues from positive global markets, and above-estimate GDP at 8.2% (six-quarter high) in Q2FY26 added to the positive sentiments.
Stocks in Asia traded within tight ranges early Wednesday, mirroring similar moves on Wall Street, as investors awaited a fresh catalyst while a rebound in cryptocurrencies lost steam.
US stocks finished higher, marking their sixth gain in seven sessions, in muted trading on Tuesday. The Dow Jones Industrial Average was up 185.13 points, or 0.39%, at 47,474.46, the S&P 500 added 16.74 points, or 0.25%, to 6,829.37, and the Nasdaq Composite added 137.75 points, or 0.59%, to 23,413.67.
Stocks in News:
Bajaj Finance: On December 2 announced that it has sold around 2 percent stake in its subsidiary Bajaj Housing Finance for a total consideration of approximately Rs 1,588 crore.
Hindustan Unilever (HUL): The shares are set to adjust to the demerger of its ice-cream business, Kwality Wall’s (India), after a special pre-open session on December 5. The shareholders who own shares of HUL as on that day will be eligible to receive free shares of the demerged ice cream unit.
HUL shares rose nearly 1 percent on Monday to trade at Rs 2,488 apiece, the highest level seen by the stock in more than a month.
Bhagyanagar India: The company notified of an acquisition of 100% stake in Topsun Solar Private Limited, a new subsidiary focused on solar energy business, with completion expected by December 3.
Aditya Birla Capital: The entity has initiated Rs 300 crore investment via rights issue in its wholly owned subsidiary Aditya Birla Housing Finance Ltd.
Bank of Maharashtra: Shares of state-owned Bank of Maharashtra fell 2 percent on Monday following a report that the Centre may offload about a 5 percent stake in the lender to meet minimum public shareholding norms.