The Indian stock market is set to open on a positive note on 11 December, following the positive overnight global sentiment, the Federal Reserve’s latest policy move, and the positive movements from the Gift Nifty futures. 

Furthermore, the Asian market traded on the higher side in response to the Fed’s decision, hinting towards a positive movement in the Indian stock markets. 

However, back home, Indian equities extended their losing streak for a third straight session on Wednesday, 10 December. The Sensex initially climbed 354 points to touch an intraday high of 85,020.34, but the rebound quickly faded as the index dropped 629 points from its peak and closed in the red.

Domestic Market Recap

On Wednesday, Indian indices closed in the red:

• Sensex slumped by 275.01 points (0.32%) to close at 84,391.27
• Nifty 50 moved down by 81.65 points (0.32%) to settle at 25,758

Gift Nifty

Gift Nifty was trading near 25,966, around 131 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Overnight Wall Street Performance

Wall Street finished higher on Wednesday after the Federal Reserve announced the widely expected 25-basis-point rate cut. Investors continued to price in more easing, even though the central bank signalled a temporary pause. Policymakers said they would wait for clearer evidence on labour-market trends and inflation, which they noted “remains somewhat elevated”, before taking any further policy action.

• The Dow Jones Industrial Average gained by 497.46 points (1.05%) to close at 48,057.75.
• S&P 500 up by 46.17 points (0.67%), ending at 6,886.68.
• The Nasdaq Composite was higher by 77.67 points (0.33%), finishing at 23,654.16.

Gold Prices

• Spot gold was trading 0.3% higher at $4,242.39 per ounce.
• The US gold futures gained by 1.1% at $4,271.30.

Crude Oil Prices

• Brent crude surged by 0.4% to $62.48/barrel
• US West Texas Intermediate (WTI) crude was trading 0.6% higher at $58.79/barrel

Overnight Major Global Events Driving Sentiment

1. India–US Trade Deal: US Representative Bill Huizenga highlighted the growing strategic and economic depth of India–US ties, stressing rising US business interest in India and the need for equal market access. He said a new trade pact under President Trump and Prime Minister Modi could further strengthen the partnership. His remarks came as Foreign Secretary Vikram Misri met US Under Secretary Allison Hooker during her five-day visit to boost bilateral cooperation.
2. US Federal Reserve Cuts Key Rate: The Federal Reserve cut its benchmark rate by 25 bps on Wednesday, its third straight reduction, bringing it down to about 3.6%, the lowest in nearly three years. The Fed signalled a possible pause ahead, even as lower rates typically ease borrowing costs for consumers and businesses.

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