The Economic Times

• Market Optimism and Economic Outlook: Indian stock markets are experiencing an uplift, with the Sensex and Nifty 50 showing strong performance. This positive sentiment is partly fueled by the US Federal Reserve's recent rate cut. Fitch predicts the RBI may maintain its repo rate at 5.25% through FY27. India's rice output is projected to hit a record 152 MT in 2025-26. Reports indicate that old economy sectors are driving India's investment boom, positioning it as an AI hedge.
• Corporate and Industry Developments: Fairfax is reportedly leading a $7 billion bid for IDBI Bank, with Kotak also in contention. SHANTI initiative is set to usher in a nuclear shift, opening India's atomic energy sector to private players. Hotel chains are reporting their best-ever wedding season, buoyed by "Wed in India" campaigns and new destination trends. Samsung plans to expand its manufacturing in India over the next decade, aiming to produce for global markets.
• Regulatory and Policy News: The Institute of Chartered Accountants of India (ICAI) reports that Unique Document Identification Numbers (UDINs) have prevented potential frauds worth Rs 70,000-80,000 crore. The Directorate General of Civil Aviation (DGCA) has begun monitoring IndiGo's operations and refunds amidst recent flight disruptions. The RBI is seeking stakeholder comments on a draft circular concerning the disclosure of forex transactions.
• Technology and Global Affairs: ISRO is set to launch BlueBird-6, its largest US commercial payload, weighing 6.5 tonnes. Amazon's recent layoffs of 14,000 employees are part of a strategy to remove organizational layers and enhance agility. PM Modi and US President Donald Trump have held discussions on bilateral trade agreement progress. The investigation into an Air India Boeing 787-8 Dreamliner crash, which occurred six months ago, is still ongoing.

Business Standard

• Market Performance and Investment: Indian benchmark indices, Sensex and Nifty50, are expected to open with a gap-up today, tracking positive global cues. Equity mutual fund flows surged by 21% to ₹29,911 crore in November, snapping a three-month decline. A report highlights that gold returns have outpaced equities and real estate over a 20-year period. Affordable housing financiers are now seen as attractively valued after recent corrections. GVFL has led a $12 million funding round for renewable energy firm Soleos Solar Energy.
• Corporate and Sectoral Updates: Sebi has eased re-KYC norms for Non-Resident Indians (NRIs) and relaxed geotagging mandates for compliance. Oil Marketing Companies (OMCs) may see a rerating as crude prices remain soft, Gross Refinery Margins (GRMs) are strong, and LPG losses ease. Meesho shares debuted strongly, closing 53% above their issue price and valuing the company at ₹76,814 crore. Tata Steel is expanding its operations in India with the NINL expansion and a push in Maharashtra. IndiGo's board plans to hire external specialists to investigate the root cause of recent operational disruptions. Costs and capacity cuts have led to a downward revision of IndiGo's FY26 profits. Uber is expanding into B2B logistics and integrating metro ticketing in Bengaluru via ONDC. BYT Capital has launched a ₹180 crore deep-tech fund to support frontier innovation.
• Economic Policy and Reports: A report indicates that the top 10% of India's population owns two-thirds of the nation's wealth, while the bottom 50% hold only 6.4%. Piyush Goyal stated that FTA talks with Oman and New Zealand are in their final stages, with a deal with the EU nearing closure. The NHAI's debt has decreased to ₹2.39 trillion, with the ministry projecting repayment by 2050. The ADB has raised India's growth forecast by 70 basis points to 7.2% due to a boost in consumption. The US trade team may press India for greater market access in agricultural products. Car manufacturers are preparing for price increases in the new year as the rupee wobbles and costs surge.
• Technology and Regulation: Royalty norms may require AI firms to pay a global revenue share to creators. Microsoft is partnering with top IT firms to expand Copilot deployment in India. US President Donald Trump has signed an order aiming to curb state-level AI oversight to foster technology development.

Mint

• Stock Market Dynamics: Indian stock market indices, Sensex and Nifty 50, are set for a strong opening today, influenced by record highs in US markets following the Federal Reserve's rate cut. Domestic markets rebounded after a three-day losing streak, with auto and IT sectors seeing significant gains. Gift Nifty trends also signal a robust start for Indian markets. While the S&P 500 financial and materials sectors advanced, the Nasdaq closed lower, weighed down by technology shares. The Bank of Japan is anticipated to raise its interest rate next week.
• Economic Indicators and Trade: Italy is signaling a deeper trade push into India as EU FTA talks approach their final stage. US jobless benefit applicants surged to 236,000, indicating a cooling labor market. The UPI decade has transformed India's payment landscape, moving the nation from cash-first to digital.
• Corporate and Technology News: IndiGo CEO Pieter Elbers has been summoned again amid flight cancellations. Disney plans to invest $1 billion in OpenAI as part of a major licensing deal. Novo Nordisk has moved the Delhi High Court against Dr Reddy's regarding semaglutide. OpenAI, Google, and Microsoft have been urged to address "harmful" AI behavior or face regulatory action. An OpenAI executive suggested that coding is among three jobs AI could automate sooner than expected. Google DeepMind is establishing a Gemini-powered AI lab in the UK to discover new materials.
• Market Recommendations: Sumeet Bagadia has recommended five breakout stocks for today's trading. Vaishali Parekh has also suggested three intraday stocks to buy today. Minor International (MINT) shares rose 3% following an announcement of an expanded share buyback plan.

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