Stock Market Cues To Watch On Dec 30
Following opening cues are likely to influence investor sentiment on the D-Street on December 30:
US Stock Market
Wall Street's benchmark indices ended in red overnight, dragged by heavyweight technology stocks. Nvidia slipped 1.21 per cent, Oracle Corp dropped 1.32 per cent, and Palantir Technologies declined 2.40 per cent.
At close, Dow Jones was down 0.51 per cent, S&P was lower by 0.35 per cent, and the tech-heavy Nasdaq Composite lost 0.50 per cent.
Asian Stock Market
Asian stock indices largely traded lower in early trade today, tracking weak cues from the Wall Street.
As of the time of writing, Japan's Nikkei 225 traded lower by 0.12 per cent, South Korea's Kospi was down 0.10 per cent, China's CSI 300 was oscillating in a tight range between red and green, while on the other hand, Hong Kong's Hang Seng bucked the trend, trading nearly 0.50 per cent higher.
Russia-Ukraine Conflict
In a fresh update on the Russia-Ukraine conflict, Moscow accused Kyiv of attacking President Vladimir Putin’s residence and vowed retaliation. However, it did not provide any evidence to back its claims. Kyiv denied the allegations, dismissing them as baseless and aimed at derailing efforts toward a Russia-Ukraine peace deal.
This comes as a big blow to the US President Donald Trump’s efforts to broker a peace deal between the two countries.
US-Venezuela Oil Tensions
Trump on December 29 said Washington had carried out drone strikes on a port facility in Venezuela. This marks the first publicly acknowledged US land operation in the country since the pressure campaign against Venezuelan President Nicolas Maduro’s government began. According to a CNN report today, the CIA had carried out the strikes earlier this month.
Speaking about the action, Trump said, “There was a major explosion in the dock area where they load the boats up with drugs.” He added, “We hit all the boats, and now we hit the area ... it's the implementation area. That's where they implement, and that is no longer around.”
This US action could add a new geopolitical risk factor for global markets, including India.
China Launches Live-Firing Drills Around Taiwan
China conducted 10 hours of live-fire drills around Taiwan earlier today, deploying amphibious assault ships, bombers and warships as part of its military exercises aimed at rehearsing a blockade of the island. The drills, named “Justice Mission 2025”, come days after the US announced a record $11.10 billion arms package for Taiwan. According to a Reuters report, these are Beijing’s largest exercises to date in terms of scale, coverage and proximity to Taiwan.
This development adds another layer of geopolitical risk to the markets.
India IIP Data November 2025
India’s industrial production, as measured by the Index of Industrial Production (IIP), expanded by 6.70 per cent year-on-year (y-o-y) in November 2025, reaching a 25-month high, data released by Ministry of Statistics and Programme Implementation (MoSPI) showed. According to MoSPI, the November print was last surpassed in October 2023, when IIP growth stood at 11.90 per cent.
Mahendra Patil, Founder and Managing Partner, MP Financial Advisory Services LLP, said the sharp rebound in industrial output reflects a broad-based recovery, led by manufacturing, particularly in basic metals, pharmaceuticals and automobiles.
“The strength in capital goods and infrastructure-related output points to improving investment activity, while the decline in electricity generation largely reflects post-festive normalisation rather than a slowdown in underlying industrial demand,” he said.
This is a developing story...
