Indian markets are set for a cautious open, mirroring mixed global cues and domestic policy anticipation.
Subdued start indicated by Gift Nifty, down ~20 points.
RBI MPC meeting today key for rate-sensitive sectors.
Selective buying seen in auto ancillaries and banking.
Birlasoft a standout buy call (Target: ₹445-450).
Monitor RBI's liquidity stance for banking sentiment.
Indian markets are poised for a flat to mildly negative start on December 03, 2025, amid mixed global signals. Overnight, Wall Street ended lower as investors weighed potential US Fed rate cuts and inflation data, while Asian peers like Hang Seng and Kospi showed modest gains in early trade, supported by regional manufacturing recovery. Gift Nifty futures traded around 26,190-26,209 levels, indicating a subdued open down 16-20 points from the previous Nifty close, reflecting caution ahead of the RBI MPC meeting starting today. This follows a volatile session yesterday where Nifty slipped 0.55% to 26,032 amid profit booking, though banking and auto sectors provided some cushion.
Top themes include selective buying in auto ancillaries and banking amid technical rebounds, with analysts highlighting intraday opportunities in rate-sensitive plays as RBI policy deliberations begin. A total of 11 unique fresh recommendations were gathered from sources like Livemint, Hindu Business Line, and expert views from Prabhudas Lilladher and Anand Rathi, primarily intraday-focused due to sparse brokerage morning notes by 8:30 AM IST. Data is drawn from the last 24 hours given limited same-day releases—updates may evolve post-open. Standout calls include Birlasoft upgraded to Buy by BL Portfolio with a target of ₹445-450 (upside ~10%), Vedanta Buy by Choice Broking aiming for ₹576 (~7% upside), and NTPC Buy from Prabhudas Lilladher targeting ₹348 (~6% upside). Watch for RBI hints on liquidity, which could sway banking sentiment.
Analysts maintain a neutral-to-bullish stance on major indices, emphasizing consolidation amid key resistance levels and support from domestic flows. Nifty 50 faces immediate hurdles at 26,200-26,300, with potential for upside if breached, driven by sectoral rotation in autos and banks. However, profit booking risks persist below 26,000, especially with global volatility. Bank Nifty shows caution after recent highs, supported by resilient lending trends but vulnerable to policy outcomes. Sensex mirrors this, with flat pre-market cues suggesting range-bound action early on.
| Index | Recommendation | Target/Range | Key Driver | Source |
|---|---|---|---|---|
| Nifty 50 | Cautious Positive | 25,800-26,300 (Range); Support at 25,900, Resistance at 26,200 | Sentiment improves above 25,800; broader consolidation expected amid RBI meet, with dips as buying opportunities on strong domestic earnings. | Livemint (Vaishali Parekh, Prabhudas Lilladher) |
| Bank Nifty | Cautious | 58,800-59,800 (Range); Support at 58,700 | Profit booking post-highs tempers momentum; rate cut expectations could provide tailwind, but near-term volatility likely. | Livemint (Vaishali Parekh, Prabhudas Lilladher) |
| Sensex | Neutral | 85,000-86,000 (Potential Range) | Flat Gift Nifty and mixed Asia open; focus on RBI for direction, with support from auto and power sectors. | Business Standard |
Nifty's outlook hinges on sustaining above 25,800 for positivity, with any break below 25,850 potentially widening selling. Bank Nifty's range reflects tempered optimism, as yesterday's close at around 59,000 leaves room for rebound if policy signals ease. No major index downgrades today, but experts advise monitoring US Fed cues for spillover. Pre-market snapshot—Gift Nifty's flat tone suggests limited initial volatility, shifting attention to mid-session RBI developments and Q3 previews.
Today's picks center on intraday and short-term opportunities, with emphasis on technical breakouts and sector-specific tailwinds like auto demand recovery and banking resilience. Upsides range from 2.5% to 10%, averaging ~6%, reflecting cautious optimism. Deduplicated calls from multiple experts show consensus on auto parts strength. Below, grouped by sector with details; data from last 24 hours noted for transparency.
Auto parts lead with multiple buys, buoyed by breakout patterns and volume surges amid EV push.
Rate-sensitive picks highlight rebound potential pre-RBI.
Diversified plays see interest on global commodity trends.
Defensive pick amid market volatility.
Technical breakout in focus.
Infrastructure tailwinds drive calls.
Niche play on consolidation breakout.
No calls for consumer or realty today. For visualization, target upsides form a bar chart with Birlasoft highest at 10%, followed by Vedanta/Samvardhana at 7%, and most clustered at 4-6%—indicating moderate short-term potential.
Global views remain upbeat on India, with Goldman Sachs forecasting Nifty at 27,000 by end-2025, citing 12% MSCI India earnings growth amid macro stability. UBS's Year Ahead 2025 report echoes this, projecting 14% earnings rise in FY26, favoring midcaps for value. No fresh India calls from Jefferies or Macquarie today, but thematic focus on EVs and infrastructure persists. BSE/NSE feeds showed no analyst meets or block deals implying recs for Dec 3; routine filings noted. Blogs like Finshots offered no new picks, but Capitalmind highlights long-term Sensex resilience. Cross-border sentiment underscores India's edge in uncertain globals, with easing valuations post-Q2 GDP.
Overall sentiment is neutral to bullish, with indices in consolidation and selective buys offering intraday edges. Investors should watch auto ancillaries for breakouts and RBI for banking cues.
This is aggregated data for informational purposes; consult a financial advisor. Not investment advice. Pre-market snapshot—updates may evolve.