US markets closed mildly higher in a quiet session, with the S&P 500 up 0.11% and Nasdaq gaining 0.22%. Meta rose 3.4% while Nvidia added 2.1%. GIFT Nifty is flat near 26,196, suggesting a narrow, range-bound start for Indian equities. The RBI’s MPC meeting begins at 10 AM, with the interest-rate decision due later today. Prime Minister Modi’s meeting with President Putin will also be closely watched for geopolitical and economic cues. The rupee ended a six-day losing streak, while Asian markets opened on a mixed note. FII selling has continued for a sixth straight session, and FII index shorts have risen sharply to 87% (from 81% at the start of the series), indicating a cautious stance. Key Spot Levels (05-12-2025) • Nifty 50: Support at 25,900 / 25,800; resistance at 26,100 / 26,200 • Bank Nifty: Support at 59,000 / 58,800; resistance at 59,500 / 59,800 • Nifty Fin Service: Support at 27,500 / 27,400; resistance at 27,700 / 27,800 • Sensex: Support at 85,000 / 84,800; resistance at 85,500 / 85,800 F&O Ban (05-12-2025):

SAMMAANCAP

BANDHANBNK

US 10-year yields inched up to 4.09% after jobless claims fell to 191,000—the lowest since September 2022. Brent crude trades around $63.5, and the Dollar Index remains near 99. Key global data to watch: US Core PCE Price Index (later today).

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