Gift Nifty Today: Indian Stock Market Likely to Open on a Positive Note

India’s benchmark equity indices, the Sensex and Nifty 50, are expected to open largely unchanged but with a slight positive bias on Wednesday, December 17, snapping a 2-day losing streak.

Global cues remain cautious, as Asian equities opened lower, tracking a muted performance on Wall Street. Investor sentiment was dampened after weaker-than-expected US jobs data failed to strengthen expectations of aggressive interest rate cuts by the Federal Reserve.

On Tuesday, December 16, Indian equities continued their downward trajectory amid a sharp fall in the rupee and persistent weakness across global markets. The Sensex declined 534 points, or 0.63%, to close at 84,679.86, while the Nifty 50 slipped 167 points, or 0.64%, ending the session at 25,860.10.

Gift Nifty Today

Early signals from Gift Nifty suggest a subdued start for domestic markets. Gift Nifty was trading around the 25,937 mark, higher by 21.5 points or 0.08% compared to the previous close of Nifty futures.

Asian Markets

Asian markets traded cautiously on Wednesday as a mixed US labour report offered limited insight into the Fed’s future policy direction, prompting investors to stay on the sidelines. MSCI’s broad Asia-Pacific index excluding Japan edged up 0.16%, while Japan’s Nikkei slipped marginally. Meanwhile, Nasdaq futures fell 0.26% and S&P 500 futures were down 0.14%, following a lacklustre session on Wall Street.

Wall Street

US markets ended mixed on Tuesday as investors digested fresh labour market data alongside ongoing sector rotation. The S&P 500 declined for the third straight session, easing 0.24% to 6,800.26. The Dow Jones Industrial Average fell more sharply, losing 302.30 points, or 0.62%, to 48,114.26. In contrast, the Nasdaq Composite managed a modest gain of 0.23%, closing at 23,111.46.

Also Read: Gold Prices Expected to Maintain Upward Momentum in 2026

US Jobs Data

US job growth remained subdued in November, with the unemployment rate rising to a four-year high, reinforcing indications that the labour market is gradually losing momentum following a soft October performance.

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