Nifty 50 Signals Soft Open: Pre-Market Dip of 0.02% Amid FII Pressure

Market Opening Glance

The benchmark Nifty 50 showed early softness in pre-open trade, aligning with GIFT Nifty futures down 44-70 points around 26,093 levels, suggesting a negative start for the fifth straight session. This follows yesterday's close at 25,986 (down 0.2%), with Sensex at 85,107 (down 0.04%), pressured by heavyweights like SBI, M&M, L&T, RIL, and Bharti Airtel. Asian cues mixed, US markets up, but local FII selling and rupee weakness dominate sentiment ahead of weekly F&O expiry and RBI's Dec 5 meet.​

Key Highlights

Pre-Open Move: Nifty 50 down 0.02%, GIFT Nifty at ~26,093 (-44 pts or -0.17%), pointing to open near 25,980-26,000.​

Recent Trend: Fourth consecutive decline; Nifty lost 0.88% in four sessions, key support at 25,914/25,873.​

Institutional Flows: FIIs net sellers ₹3,207 cr on Dec 3; DIIs supportive but rupee at 90+ adds volatility.​

Global Cues: US Fed 89% rate-cut odds Dec 9-10; Asian indices flat/mixed (Nikkei +1.24%, Hang Seng -0.29%).​

Sources: Reuters (RTRS), NSE India, Business Standard, Moneycontrol​