Key Factors to Watch

US Data: November factory activity fell to its lowest level in four months, indicating continued weakness in US manufacturing. Global Markets: The five-day global gaining streak ended flat to negative amid profit booking. Crypto pressure also weighed on sentiment ahead of the Dec 10 FOMC meeting, where markets expect a 90% probability of a rate cut. Fed Sentiment: Chair Jerome Powell refrained from commenting on the economic or interest-rate outlook. His previous remarks carried a hawkish tone, keeping traders cautious. Asia Market Setup: Asian stocks are staging a rebound. South Korea–US trade deal completion lifted Korean equities. Japan: BoJ is expected to reduce rates; Japan’s 30-year bond yield has surged to its highest level since 1999. A key bond auction is scheduled today. BoJ Risk: A hawkish stance from the BoJ could accelerate the ongoing unwinding of leveraged crypto positions. Commodities: Gold and Brent crude continue to trade in a tight, range-bound zone. Crypto Market Stress: Over $1 billion worth of leveraged crypto positions have been liquidated, triggering broad weakness across crypto assets. Auto Sector — November Sales Highlights (India) Maruti Suzuki: Reported its highest-ever monthly sales at 229,021 units, up ~26% YoY. Hyundai Motor India: Total sales at 66,840 units, up ~9% YoY. Tata Motors (PV): Posted 59,199 units, registering ~26% YoY growth. Industry Trend: Passenger vehicle wholesales are estimated at ~4.2–4.25 lakh units, indicating strong post-festive momentum.