Stock Market Cues Today: RBI MPC Meeting, Modi-Putin Meet Among Other Factors To Watch

Market participants are bracing for a data-heavy day as a slew of economic data will guide investor sentiments in trade on December 5.

In the previous trade on December 4, the Sensex and Nifty ended their four-day losing streak. Sensex closed at 85,265.32, up 158.51 points or 0.19 per cent, and Nifty 50 settled at 26,033.75, gaining 47.75 points or 0.18 per cent.

Broader markets lagged, as the Nifty SmallCap 100 slipped 0.24 per cent and the Nifty MidCap 100 edged down 0.03 per cent.

Key Stock Market Cues To Watch Today

Here are the key market cues that are likely to shape investor sentiment on December 5:

RBI Monetary Policy Meeting 2025

The Reserve Bank of India’s (RBI) three-day Monetary Policy Committee (MPC) meeting will conclude today and Governor Sanjay Malhotra will announce the panel’s decision on the repo rate at 10:00 AM.

Modi-Putin Meet

Russian President Vladimir Putin will meet Prime Minister Narendra Modi in New Delhi later today for summit talks, which will be focused on strengthening trade and defence ties. Russia, India’s largest arms supplier and a major oil exporter, is pushing to increase imports of Indian goods and raise bilateral trade to $100 billion by 2030. The two leaders are also expected to discuss labour cooperation and civil nuclear energy.

US PCE Inflation Data Today

US Bureau of Economic Analysis is set to release Personal Consumption Expenditures (PCE) price index data for October at 6:30 PM IST. PCE is US Federal Reserve's preferred gauge for measuring inflation when setting monetary policy.

The PCE price index rose 2.7 per cent in August, up from 2.6 per cent in July. The upcoming reading will show whether inflation is cooling toward the Fed’s 2 per cent target or staying high enough to delay rate-cut hopes.

US Initial Jobless Claims

Applications for US unemployment benefits fell last week to their lowest level in more than three years. Data from US Department of Labor showed, initial jobless claims fell by 27,000 to a seasonally adjusted 1,91,000 for the week ended November 29, the lowest reading since September 2022.

US Stock Market

Overnight, Wall Street's main indices closed nearly around flat levels, as investors digested labour market data for among other key economic data.

At close, Dow Jones was down 0.07 per cent, S&P 500 was up 0.11 per cent, and the tech-heavy Nasdaq Composite was up by 0.22 per cent.

Asian Stock Market

Asian stocks traded under pressure in early trade on December 5, after a muted session on Wall Street.

Japan's Nikkei 225 was down 1.50 per cent and Hong Kong-based Hang Seng was down nearly 0.30 per cent. South Korea's Kospi, however, traded higher by more than 0.80 per cent, and China's CSI 300 was up 0.12 per cent.

Crude Oil Prices Today

Crude oil prices receded in early trade on December 5 after rising more than a per cent in the previous session. Brent crude oil futures traded 0.16 per cent lower at $63.16 per barrel, and WTI crude oil futures traded down by 0.28 per cent at $59.50 per barrel.