The Indian benchmark indices, Sensex and Nifty 50, are likely to start on a muted note. GIFT Nifty futures point to a muted opening for India’s benchmark equity indices on Wednesday (December 3). At 6:50 AM, the futures were trading at 26,213, down 16 points from the previous close. Meanwhile, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) begins its three-day meeting today.
The Reserve Bank of India (RBI) announced on Tuesday that SBI, HDFC Bank, and ICICI Bank will continue to be recognised as systemically important banks. These institutions are deemed “too big to fail” due to their scale, cross-border operations, complexity, limited substitutability, and extensive interconnectedness.
Adani Enterprises reported that Astraan Defence Limited (ADL), its step-down wholly-owned subsidiary, has allotted 10,09,40,000 equity shares, representing 49% of ADL’s share capital, to MSM Group S.R.O. at its board meeting held on December 2, 2025. As a result, the stake of Agneya Systems Limited, ADL’s immediate holding company, has reduced from 100% to 51%.
The Board of Directors of Sun Pharma Laboratories Limited, a wholly-owned subsidiary of Sun Pharma, has approved an investment of ₹3,000 crore to establish a greenfield formulations manufacturing facility in Madhya Pradesh.
The central government has appointed Ramakrishnan Chander, formerly Executive Director and Chief Financial Officer of LIC, as Managing Director, effective December 1.
Bajaj Finance has divested a portion of its shareholding in Bajaj Housing Finance Limited (BHFL) through an open-market bulk deal. The sale is part of its efforts to comply with the Minimum Public Shareholding norms for BHFL.
IndiGo has been issued a penalty of ₹117.52 crore by the Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate. The order denies input tax credit (ITC) claimed by the company and includes a penalty. IndiGo stated that it considers the order flawed and plans to challenge it, backed by advice from external tax experts.
Maruti Suzuki has entered into collaboration agreements with 13 Charge Point Operators (CPOs) and aggregators. The signing ceremony was attended by Managing Director & CEO Hisashi Takeuchi, Senior Executive Officer (Marketing & Sales) Partho Banerjee, and other senior officials.
IRFC has entered into a loan agreement with Sumitomo Mitsui Banking Corporation’s GIFT City branch in Gandhinagar to raise an External Commercial Borrowing (ECB) worth JPY equivalent to $300 million.
Also Read: Wipro vs Infosys: Which IT Services Company Delivered Highest Earnings in Q2FY26?
Overall, market sentiment appears cautious, supported by domestic economic data and notable corporate developments across key sectors.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 3, 2025, 7:55 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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