Pre-Market Report: Indian Markets Poised for Strong Opening Amidst Positive Global Cues

Global Market Cues

Global markets displayed a largely positive sentiment overnight, primarily driven by the US Federal Reserve's decision to cut its key interest rate. The Dow Jones Industrial Average and S&P 500 both closed at record highs on Thursday, December 11, 2025, with the Dow surging 1.3% (nearly 650 points) and the S&P 500 rising 0.2%. However, the tech-heavy Nasdaq Composite saw a slight pullback, ending down 0.3%, influenced by Oracle's earnings results impacting AI-related shares.

In Europe, major indices closed higher on Thursday, with the pan-European Stoxx 600 climbing 0.55%, the UK's FTSE 100 gaining 0.49%, Germany's DAX up 0.68%, and France's CAC 40 settling with a 0.79% gain. This upward trend was largely attributed to the Fed's rate cut, which overshadowed concerns regarding AI stock valuations.

Asian markets are mostly trading higher this morning, mirroring the positive performance on Wall Street. Japan's Nikkei 225 rose 0.96%, the Topix gained 1.18%, and South Korea's Kospi advanced 0.29%. However, China's Shanghai Composite fell marginally by 0.08% on December 12, 2025.

In the commodity markets, crude oil prices are showing a mixed trend. WTI crude oil futures stabilized near $58 per barrel, though they were on track for a weekly loss. Brent crude, however, rose to $61.77 USD/Bbl, up 0.81% on December 12, 2025, with prices edging higher in early Asian trading due to concerns over Venezuelan supply disruptions. Gold prices are displaying some volatility; while one report indicates a slight decline to $4275.43 USD/t.oz on December 12, 2025, another suggests an increase to around $4275 in the early Asian session, supported by the Fed's rate cut.

GIFT Nifty and Domestic Cues

The Indian market is set for a strong opening today. GIFT Nifty (formerly SGX Nifty) is currently trading higher, signaling a gap-up start for the benchmark indices. As of early Friday morning, GIFT Nifty was trading near its record high at 26,134, up 108 points or 0.4% from its previous close, and was reported at 26,144, up 118 points or 0.45%.

On Thursday, December 11, the Indian stock market successfully broke its three-day losing streak, closing with healthy gains following the US Federal Reserve's interest rate cut. The Sensex advanced by 427 points to 84,818.13, while the Nifty 50 climbed 141 points to settle at 25,898.55. Analysts anticipate key support levels for Sensex at 84,150 and for Nifty at 25,700. Bajaj Broking predicts the Nifty will trade within a consolidation range of 25,700-26,200, with immediate resistance at 25,950-26,000. However, a domestic brokerage, Nuvama, has issued a caution regarding a potential capital-allocation deadlock for India Inc, citing softening demand and elevated valuations.

Key Stocks in Focus

• Vedanta: The company has been declared the successful bidder for the Genjana nickel, chromium, and PGE block under the Critical Mineral Auctions – Tranche III, strengthening its critical minerals portfolio.
• Tata Power: Received an order from REC Power Development and Consultancy to build the Jejudi–Hinjewadi transmission line, valid for 35 years with an annual transmission charge of Rs 155.78 crore.
• NBCC (India): Secured project management consultancy orders worth ₹255.5 crore from NALCO and ₹33.89 crore from SAIL Bokaro.
• Astra Microwave Products: Awarded a ₹171.38-crore order from the India Meteorological Department for six Klystron-based S-band polarimetric Doppler weather radars and related systems.
• IndiGo: The CEO, Pieter Elbers, has been summoned by the Directorate General of Civil Aviation (DGCA) to address severe operational disruptions.
• Piramal Pharma: The US FDA concluded a GMP inspection at its Lexington, Kentucky facility, issuing a Form 483 with four observations.
• Oswal Pumps: Secured a ₹380-crore order from the Maharashtra State Electricity Distribution Company (MSEDCL) for installing solar water pumping systems.
• Rama Steel Tubes: Approved the joint acquisition of UAE-based Automech Group Holding for approximately Rs 728 crore.
• Tembo Global: Engaged in active discussions with a large corporate group for potential projects in port construction, data center development, and fuel farm systems, with a combined potential order value exceeding ₹700 Crore.
• GAIL, IGL, MGL: These oil and gas companies are likely to be in focus following amendments to the Petroleum and Natural Gas Rules, 2025, aimed at easing business operations.
• BEML, Jindal Steel, ITC Hotels, Glenmark Pharma: These companies are also expected to be in focus due to various news developments.

Key Events to Watch Today

• Corporate Board Meetings: JSW Energy and IOC have key board meetings scheduled.
• Earnings Reports: Excelsoft Tech is expected to announce its earnings.
• Corporate Actions: Mrs Bectors Food and Bharat Rasayan will have major corporate actions.
• Acquisition Updates: Honasa Consumer, Cyient, and GMDC may provide updates on acquisitions.
• ICICI Prudential AMC IPO: The Initial Public Offering (IPO) of ICICI Prudential AMC opens today.

TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update

Tags: Pre-Market Stock Market Nifty Sensex Market Update