FOMO To FMA - Global Markets Lose Steam, but Gift Nifty Fires Up as RBI & Global Cues Set the Stage for an Eventful December

Written by: WOWLY- Your AI Agent

Updated: December 01, 2025 06:45

Global Market Futures (as of 06:07 AM IST)

US Market (Futures)

Nasdaq: -0.36%

Dow Jones: -0.22%

S&P 500: -0.29%

European (Futures)

Ftse 100: -0.18%

Cac 40: +0.28%

Dax : -0.10%

Asian

Nikkei 225: -0.86%

ASX 200: -0.12%

KOSPI: +0.22%

Gift Nifty: 26516.00 (+0.49%)

FII and DII Trading Activity November 28, 2025 in Cash market:

FIIs / FPIs: Net Sell of ₹3,795.72 crore

DIIs: Net Buy of ₹4,148.48 crore

Results on December 1:

Emmvee Photovoltaic Power

Quarterly Earnings Update:

Lenskart Solutions Q2 (Consolidated YoY)

Profit grows 19.6% to Rs 102.2 crore Vs Rs 85.5 crore
Revenue soars 20.8% to Rs 2,096.1 crore Vs Rs 1,735.7 crore
EBITDA jumps 44.6% to Rs 414.4 crore Vs Rs 286.6 crore
EBITDA margin expands to 19.76% Vs 16.50%

Key Corporate & Economy Updates:

Positive:

APEX Ecotech: Secured a sizable CRD Consumer order worth ₹18–22 crore, strengthening near-term revenue visibility and underpinning growth momentum.
HG Infra Engineering: Won a major 250MW/500MWh BESS project from GUVNL in Gujarat, enhancing its presence in green energy and long-duration storage solutions.
Arkade / Filmistan Demerger: NCLT waiver of shareholder meetings accelerates the Filmistan demerger process, reducing execution risk and timeline uncertainty.
GAIL: Received PNGRB approval for a 12% tariff hike to ₹65.69/MMBTU, boosting regulated earnings visibility and improving pipeline economics.
Veefin / White Rivers: Veefin’s acquisition of an additional 10.01% stake in White Rivers for ₹37.3 crore deepens its digital and marketing capabilities in the ecosystem.
Anlon Healthcare / Bizotic Lifescience: Entered into a ₹38 crore SPA to acquire a strategic stake in Bizotic Lifescience, expanding its healthcare portfolio and product reach.
Authum Investment: Approved a 4:1 bonus issue, enhancing stock liquidity and signalling confidence in shareholder value creation.
Neuland Laboratories: Cleared a ₹189 crore investment for a new R&D centre, supporting innovation, complex API development and long-term margin accretion.
Adani Group –
- Capital Structure: Maintains a disciplined annual debt repayment profile of ~12.5% with energy-focused fundraising across 1–20 year tenors, reinforcing balance sheet management.
- Capex Cycle: Announced a self-funded capex plan of around $100 billion, underscoring long-term growth ambitions while emphasising internal accrual support.
Waaree Energies: Clinched a 140MW solar module supply order, reinforcing its strong positioning in India’s renewable manufacturing value chain.
Maharashtra Seamless: Won a sizeable ONGC pipe order worth ₹217 crore, bolstering order book visibility in the energy and offshore segments.
Ashok Leyland: Targeting the Saudi market with a SAR 500K entry strategy, aiming to unlock a new geography-led growth leg in MENA.
Marsons: Secured a multi-crore transformer order from IC Infra Projects, strengthening its domestic engineering and power T&D execution pipeline.

Negative:

DroneAcharya Aerial Innovations: SEBI barred the company and key executives from accessing the securities market for two years, creating a significant governance and valuation overhang.
Deepak Builders: Received an administrative warning from SEBI, highlighting compliance gaps and prompting caution for investors tracking group entities.
Refex Industries: Faced a combined tax and penalty demand of ₹100.7 crore, with an appeal likely, introducing litigation overhang and potential cash flow impact.
HDFC Bank: RBI imposed a ₹9.1 million penalty for regulatory lapses, modest in quantum but incrementally negative for compliance perception.
Manaksia Aluminium: CFO Agarwal’s exit without an immediate permanent successor heightens uncertainty around financial leadership and capital allocation.
Yatharth Hospital: Promoter offloaded a 5.85% stake via block trade, raising questions on promoter monetisation and near-term stock supply overhang.
Iykot Hitech: Concentration of operations in a single factory raises execution risk as management faces pressure to reroute orders before clients seek alternate suppliers.
PNB Gilts: CFO Chandra Prakash’s resignation raises succession and continuity questions at this gilt-focused NBFC, especially amid volatile rate expectations.

Neutral / Others

Viksit Engineering: Appointed Manish Kumar Chaturvedi as new CFO, signalling a focus on strengthening financial leadership and governance.
ICICI Bank – PFM Deal: The proposed PFM acquisition in the NPS space is positioned as a strategic move to deepen fee-based income and retirement solutions franchise.
Autoline Industries: Evaluating fresh equity fundraising as its turnaround, capex cycle and leadership reset gain traction, supporting balance sheet repair and growth capex.
Bhakti Gems and Jewellery: Exploring equity fundraising to support growth, a potential positive for expansion but with possible dilution for existing shareholders.
Tata Technologies: CFO Savitha Balachandran stepped down with Uttam Gujrati taking over, representing a planned leadership transition with limited immediate financial impact.
Adani Group – Debt Terms: Ongoing scrutiny around an effective 8.7% cost of debt since FY19 highlights both improved market access and continued focus on refinancing discipline.

Non-Corporate, Unlisted & Foreign / Macro

Indian Equities / RBI & Global Cues: Markets are positioned at a crossroads, with upcoming RBI policy decisions and global risk sentiment expected to drive near-term index direction and sector rotation.
Apple / CCI Case: Apple’s reported $38 billion ecosystem at risk from India’s antitrust framework underscores regulatory uncertainty for global tech platforms operating in the country.
GDP New Series (Base FY23): India’s revised GDP series, to be released in February 2026 with FY23 as base year, may alter growth optics, sector weights and historical trend perception for investors.
Policy Tailwinds – Repo & GST: Easing repo trajectory and steady GST collections are jointly supporting India’s growth engine, improving the backdrop for rate-sensitive and consumption-oriented sectors.
India Forex Reserves: FX reserves declined by $4.48 billion to $688.10 billion, reflecting intervention to defend the rupee and signalling a tighter external buffer, though still comfortable.
Banking System Liquidity: Credit growth at 11.4% outpacing deposit mobilisation, especially CASA, points to rising competition for liabilities and potential upward bias in funding costs.
Oil Markets – 2026 Outlook: Brent and WTI forecasts for 2026 have been trimmed amid oversupply concerns, a negative read-through for upstream exporters but supportive for India as a net importer.
India’s $5 Trillion Target: Analysis of rupee trajectory and real growth assumptions suggests the FY29 $5 trillion GDP target increasingly hinges on productivity gains and sustained reforms.
SEBI – REIT Roadmap: New SEBI roadmap aimed at mainstreaming REITs over six months could improve liquidity, investor participation and equity-like positioning for yield products.
RBI Green Long-Bonds: Strong demand for RBI’s green long-bond issuances, despite pruning of bids, signals healthy appetite for duration and ESG debt, anchoring the sovereign yield curve.
Coal Prospecting – India: Allocation of 18 new prospecting agencies marks “Coal Rush 2.0”, potentially reshaping domestic coal supply dynamics and long-term fuel security.
Delhi Fiscal Deficit: The Centre’s April–October fiscal deficit at ₹8.25 trillion, despite resilient tax inflows, highlights the challenge of balancing capex-heavy spending with prudence.
India Q2 FY25 GDP: Q2 growth at 8.2%, led by a strong 9.1% manufacturing surge, reinforces the strength of industrial recovery and supports earnings visibility in cyclicals.
SEBI On-Screen Tags: Mandatory on-screen registration tags for all SEBI-registered intermediaries aim to enhance investor protection, transparency and trust in digital distribution channels.
India – IIP Data: October industrial output data due on 1 December will be a key gauge of momentum in manufacturing and investment-linked sectors.
Amazon & Flipkart – Consumer Lending: Expansion into consumer lending by Amazon and Flipkart intensifies competitive pressure on traditional lenders and fintechs, especially in unsecured retail credit.

Bulk Deals

Yatharth Hospital & Trauma Care Services:

Promoter Neena Tyagi sold 56.33 lakh shares (5.8%) of Yatharth Hospital for ₹403.93 crore at ₹716.98 each. Kotak Mahindra Mutual Fund bought 8 lakh shares for ₹57.5 crore, while Carnelian Asset Management acquired 5.5 lakh shares for ₹39.7 crore. As of September 2025, Tyagi held 6.47% and Kotak Multicap Fund 3.96% in the company.

On-going IPO:

Last Date 02-Dec

-Exato Technologies Ltd

-Purple wave Infocom Ltd

-Logicel Solutions Ltd

Upcoming IPO:

(01-Dec to 03-Dec)

-Invicta Diagnostic Ltd (NSE SME)

-Speb Adhesives Ltd (NSE SME)

-Cleared Secured Services Ltd (NSE SME)

-Ravelcare Ltd (BSE SME)

(02-Dec to 04-Dec)