Stock Market Cues: India-US Trade Deal, Q2 GDP Growth, Gold Rates And Other Factors Likely To Affect Trade

Stock Market Cues For Today: Benchmark indices are likely to have a gap-up opening on December 1. The market is expected to track gains in the Gift Nifty and other positive cues. The headline indices ended the previous week in the red as the Sensex and Nifty closed lower by 0.016 per cent and 0.048 per cent on Novembe

On December 1, the Gift Nifty opened marginally lower at 26,498. However, the index soon traded around the 26,535 levels, indicating a positive start for the indices.

Stock Market Cues For Today

D-street is likely to factor in several cues on December 1 such as India’s Q2 GDP print, reports related to the India-US trade deal, changes in crude oil prices post OPEC’s meeting and potential fluctuations in gold rates.

India Q2 FY26 GDP

India witnessed higher than anticipated growth in the second quarter of FY26. The GDP for Q2FY26 stood at 8.2 per cent. Notably, the current GDP is at a six-quarter high, in the preceding quarter the GDP stood at 7.8 per cent and 5.6 per cent in the year-ago period. D-street is expected to factor in the positive signal and investor sentiment is likely to improve as higher than anticipated GDP growth rate points towards the resilience of the Indian economy.

India-US Trade Deal

The India-US trade deal is nearing completion as per reports. A report by news agency ANI cited Commerce Secretary Rajesh Agarwal and claimed that India is likely to sign the first tranche of the bilateral trade agreement (BTA) with the United States in the current calendar year. Given that we are in the last month of the year, the trade-deal is expected to be signed in the upcoming weeks. D-street is likely to factor in the development in today’s trade.

Crude Oil Prices

On November 30, the Organization of the Petroleum Exporting Countries (OPEC) announced its decision to not change oil output levels for the first quarter of 2026. Following the decision, crude oil prices witnessed a slight rise in the early hours of December 1, the price of West Texas Intermediate was around $59.53 up by $0.98 or 1.67 per cent on the other hand the price of Brent Crude was around $63.39 up by $1.01 or 1.62 per cent.

FIIs Remain Net Sellers

Foreign institutional investors remained net sellers of Indian equities in the month of November, extending a five month selling spree. In November, FIIs net sold Indian equities worth Rs 17,500.31 crore. On the other hand, Domestic Institutional Investors (DIIs) net purchased equities worth Rs 77,083.78 crore.

Gold Rate On December 1

Physical gold prices declined marginally on December 1, after two sessions of continuous gains. In the early hours of December 1, the price of 24 karat gold remained around Rs 12,981 per gram, the price of 22 karat gold was around Rs 11,899 per gram and the price of 18 karat remained around Rs 9,736 per gram.

Asian Indices Trade Mixed

On December 1, key Asian indices traded mixed, while China’s Shanghai Composite gained ahead of the release of manufacturing data, Japan’s Nikkei 225 index witnessed declines in early trade amid concerns related to a near-term interest rate hike by the Bank of Japan (BoJ). In early trade the Nikkei 225 fell 1.82 per cent or 925.81 points to 49,328 levels. On the other hand the Shanghai Composite traded higher by 0.43 per cent or 16.79 points at 3,905.39 levels. Other Asian indices such as the Hang Seng traded higher by 0.89 per cent, while the KOSPI traded lower by 0.13 per cent.