Premarket Report – December 09, 2025
Premarket Updates
- GIFT Nifty Indicates Weak Open: GIFT Nifty futures at 25,969 (-0.28%), pointing to a lower start for Nifty 50 as markets digest Fed jitters and rupee weakness.
- Asia Mixed Amid Tensions: Nikkei slips 0.2%; Hang Seng down 1.2%; Kospi gains 1.3% on China data hopes and export resilience.
- IT Sector Eyes Recovery: Tech Mahindra, Wipro hold firm after yesterday's gains; focus on US client spending post-earnings.
- Defence Stocks Slide: BEL, Bharat Dynamics under pressure from order delays and global supply issues.
- Aviation Crisis Deepens: IndiGo extends cancellations, shares plunge 8.6%; regulatory scrutiny intensifies.
- Rupee Hits Fresh Lows: At 90.11 (+0.02% vs USD), pressured by oil rise and FII sales ahead of trade talks.
- DIIs Absorb FII Selling: DII net buy Rs 2,460 Cr on Dec 8; FIIs offload Rs 780 Cr amid global caution.
- Midcaps Face Headwinds: Nifty Midcap futures at 52,000 (-0.3%) on valuation concerns pre-Q3 results.
Global Market Insights
US Markets (Close Dec 08)
- Dow Jones: 47,739 (-0.40%)
- S&P 500: 6,846 (-0.30%)
- Nasdaq: 23,546 (-0.10%)
- VIX (CBOE): 16.66 (+8.11%)
US indices dip on Fed caution; VIX spikes as policy split emerges, with focus on dot plot revisions.
Asia & Europe (Dec 09 Premarket)
- Nikkei 225: -0.20%
- Hang Seng: -1.20%
- Kospi: +1.30%
- Europe Futures: +0.10%
Asia diverges on China tensions; Europe edges up awaiting ECB comments and PMI data.
Commodities & Forex
- Brent Crude: $62.40 (-0.14%)
- Gold: $2,650 (-0.05%)
- US Dollar Index: 105.60 (+0.10%)
Oil steadies post-drop on glut fears; gold eases as dollar firms ahead of Fed meeting.
Indian Market Pulse
Key Indices (Premarket)
- GIFT Nifty Futures: 25,969 (-0.28%)
- Nifty 50 (Dec 08 Close): 25,960.55 (-0.86%)
- Sensex (Dec 08 Close): 85,102.69 (-0.71%)
- India VIX: 11.13 (+7.85%)
Benchmarks extend losses; heightened volatility reflects Fed uncertainty and local flows.
Key Futures (Premarket)
- Nifty 50 Futures: 25,970 (-0.27%)
- Nifty Bank Futures: 59,200 (-0.20%)
- Nifty IT Futures: 38,500 (-0.10%)
- Nifty Midcap Futures: 52,000 (-0.30%)
Futures track downside; IT shows relative resilience amid global tech cues.
Top Movers (Dec 08 Close)
| Gainers | Losers |
|---|---|
| Tech Mahindra (+1.22%) | IndiGo (-8.62%) |
| PB Fintech (+0.98%) | BEL (-4.92%) |
| Wipro (+0.35%) | JSW Steel (-3.71%) |
IT leads modest gains; aviation and metals drag on operational woes.
Latest Global & Indian Market News
Fed Policymakers Split on Rate Path
Internal divisions surface ahead of meeting; 85% cut odds but hawkish tones could cap easing expectations.
FII Net Sell Rs 780 Cr on Dec 8
Outflows rise on rupee pressures; DIIs buy Rs 2,460 Cr to cushion broader indices from downside.
India-US Trade Talks Commence
Focus on tariff exemptions and supply chains; positive signals could ease export worries for corporates.
Oil Glut Fears Grip Markets
Brent holds after sharp drop; India cuts Russian imports amid negotiations, impacting energy sector.
IndiGo Cancels 500+ Flights
Crisis enters week 2 with ministry intervention; shares hit hard, aviation peers watch closely.
China Inflation Eases More Than Expected
CPI dip boosts stimulus bets; spillover to commodities and EM flows including India.
Options Analysis
Nifty 50 Options Open Interest (OI)
Max Call OI at 26,200 strike acts as resistance; max Put OI at 25,900 offers support, suggesting consolidation amid volatility.
| Strike | Call OI (K) | Put OI (K) |
|---|---|---|
| 25,900 | 20,000 | 40,000 |
| 26,000 | 30,000 | 35,000 |
| 26,100 | 25,000 | 20,000 |
Chart: Nifty 50 OI distribution below.
Disclaimer: Market data is based on the latest available information. GIFT Nifty price and other futures data are indicative and must be verified in real-time before trading. Investments are subject to market risks.
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