• 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.

- Benchmark indices ended sharply lower, with Sensex, Nifty fifty, and Bank Nifty all closing in the red amid weak global cues and sustained foreign investor selling.

- The rupee breached the ninety one mark against the US dollar for the first time, closing near a record low and amplifying concerns around imported inflation and external vulnerabilities.

- Bharti Airtel, Titan, Tata Consumer, Bajaj Auto, and Mahindra and Mahindra stood out as key gainers, while Axis Bank, Eternal, JSW Steel, HCL Technologies, Tata Steel, PB Fintech, Swiggy, and Ola Electric saw steep declines.

- The newly opened KSH International IPO attracted strong anchor interest, with a defined price band and lot size, drawing attention despite the broader market weakness.

- Nifty fifty and Bank Nifty both tested key support zones, with bearish technical patterns pointing to a cautious near term outlook and elevated volatility.

- Realty, IT, Metal, Oil and Gas, Pharma, midcaps, and smallcaps underperformed, while Consumer Durables and Media were rare pockets of strength in an otherwise weak sectoral landscape.

- On the regulatory front, RBI’s nod for HDFC Bank to acquire up to nine point five percent in IndusInd Bank and SEBI’s deferral of a key nomination framework phase were notable developments for banks and mutual funds.

- Commodities saw pressure as Brent crude, MCX gold, and MCX silver all declined, hinting at profit booking after recent rallies and interacting with the rupee’s slide on the macro front.

- The technical setup for tomorrow suggests consolidation with downside risk, but strong domestic inflows and healthy SIP trends may turn further dips into accumulation opportunities for quality large caps.

- The key actionable takeaway is to respect support levels, hedge currency exposure where relevant, and selectively use current weakness to build positions in fundamentally strong, rupee beneficiary blue chips.

Welcome to today's "What will move the Market" show. I'm your host Prem. It's Tuesday, December 16, 2025, and here is everything you need to know as the markets open for today. Wall Street ended lower on Monday as artificial intelligence concerns rattled investors. The Nasdaq dropped zero point six percent, the S&P five hundred fell zero point two percent, and the Dow dipped zero point one percent. Broadcom and Oracle led the selloff, with Broadcom facing margin pressure on custom AI chips and Oracle's capex hitting the street harder than expected. Futures are pointing slightly higher this morning ahead of a crucial jobs report due today and inflation data coming Thursday.

Indian ADRs showed mixed overnight moves. Infosys traded around seventeen point forty-nine, while HDFC Bank, ICICI Bank, and Reliance faced some weakness as global energy and tech headwinds persisted. Watch for IT sector rotation given Wall Street's AI retreat.

Asian markets declined overnight. Nikkei two hundred twenty-five closed down one point three one percent, Hang Seng down one point three four percent, and Shanghai Composite down zero point five five percent. Gift Nifty is pointing to a flat to slightly negative open at twenty-six thousand eighty-five, suggesting consolidation rather than strong directional moves today. The broader Asian mood remains cautious ahead of U.S. data releases this week.

On the global front, China's yuan is strengthening with offshore yuan near seven point zero-four-eight to the dollar. This signals Beijing's policy support is taking hold, but for India, it could impact export competitiveness and capital flows. FII selling continues at roughly two billion dollars in December so far, though domestic institutions have cushioned the market with robust buying of forty thousand crore. Additionally, keep monitoring U.S.-India trade negotiations given ongoing rupee weakness near record lows.

Domestically, the RBI's recent rate cut and liquidity measures provide a supportive backdrop. Nifty fifty holds support at twenty-five thousand nine hundred to twenty-five thousand eight hundred fifty, with resistance at twenty-six thousand fifty to twenty-six thousand one hundred fifty. Bank Nifty support sits at fifty-nine thousand to fifty-eight thousand eight hundred, with resistance at fifty-nine thousand eight hundred to sixty thousand. A decisive break above twenty-six thousand one hundred fifty could trigger a rally toward twenty-six thousand three hundred.

On commodities, crude oil trades near sixty-one to sixty-two dollars per barrel, gold around twenty-six hundred fifty dollars per ounce in U.S. markets, and silver near thirty-point-five dollars per ounce. Watch commodity moves as they drive sentiment.

For traders today, consolidation is the likely theme. Avoid chasing broken-down AI names while remaining selective on dips. Focus on banking and non-cyclicals showing relative strength while awaiting clarity from the U.S. jobs report. Stay cautious until global risk sentiment stabilizes. Stay tuned for our evening wrap and subscribe to this podcast to hear us every day. Send in your questions and market observations. See you tomorrow.