Wall Street closed mixed on December 16 with the Dow down by three hundred and two points, S&P 500 slipping eleven points, while Nasdaq rebounded slightly, buoyed by gains in mega cap tech stocks like Tesla and Meta. The jobs report showed modest payroll growth, keeping investors cautious about Fed policy.

Indian ADRs such as Infosys, Reliance, HDFC Bank, and ICICI showed muted moves overnight, reflecting global banking sector weakness and currency concerns.

Asian markets opened flat today: Nikkei trading near forty nine thousand three hundred eighty three, Hang Seng near twenty five thousand two hundred thirty five, and Shanghai Composite near twenty three thousand eight hundred twenty five, following declines on December 16 amid economic headwinds.

Gift Nifty futures indicate a cautious positive bias near twenty five thousand nine hundred thirty two for the Indian market open.

India's exports grew twenty two percent year over year in November despite tariffs, strengthening New Delhi’s position in US trade talks. Gold prices hovered around four thousand three hundred twenty six dollars per ounce.

Domestic markets face pressure from foreign fund outflows with FIIs net selling approximately two thousand three hundred eighty two crore rupees on December 16, offset partially by domestic institutional buying. The rupee hit near record lows, impacting inflation and investor sentiment.

Technical analysis shows Nifty support near twenty five thousand seven hundred fifty and resistance around twenty six thousand one hundred, with Bank Nifty support in the fifty eight thousand two hundred range and resistance near fifty nine thousand five hundred to sixty thousand.

Commodities remain steady with crude oil around sixty dollars per barrel, gold maintaining strength above forty three hundred dollars, and silver consolidating near sixty three point six four dollars per ounce amid supply tightness. Base metals continue to face pressure from China’s economic slowdown.

Traders are advised to manage risk carefully, take profits on rallies, and focus on defensive sectors amidst global and domestic uncertainty. Selective buying near technical support levels with disciplined stop losses is recommended.