The Indian markets snapped two days’ loss, to end positive on Tuesday, as Sensex gained by over 850 points and Nifty50 reclaimed important sentimental level above 17150-mark.   

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“Domestic bourses staged a recovery bucking the trend in the international markets, supported by broad-based buying while healthcare stocks lost ground. Global markets traded with optimism on reports that the Omicron strain may not be as severe as expected,” Vinod Nair, Head of Research at Geojit Financial Services said in post market comment on Tuesday.  

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“Moreover, additional liquidity freed up by the Chinese Central Bank through policy easing boosted the Chinese markets. In the Indian Markets, banking and financial stocks advanced since the MPC is scheduled to announce its policy decision tomorrow where the RBI is likely to keep its policies unchanged considering the short-term uncertainties,” Nair also said in his note.  

Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or economy:    

Global Markets:  

The US markets closed with substantial gains for the second consecutive day on Tuesday. Down Jones closed with 1.40% or 492 points gain to 35,719, Nasdaq Composite added 461.76 points to 15686.92, S&P 500 settled with 95.08% or 2.07% to 4,686.75 and Russel 2,000 closed 50 points or 2.28% higher to 2,253.79 in Tuesday's closing. 

Asian Markets:  

The Asian markets were in the green this morning. Japanese Nikkei 225 was trading with 1.10% gain, Hang Seng Index at the Hong Kong Exchange was up 106 points and Chinese Shanghai Composite was trading higher by 0.22% 

SGX Nifty:  

The SGX Nifty Futures were trading higher by 118 points to 17,329.00 around 7.10 am on Wednesday, hinting at positive opening for the Indian markets.    

RBI MPC may refrain from reverse repo hike on Omicron worry  

The Reserve Bank of India will likely hold off on raising its key borrowing and lending rates on Wednesday, as it adopts a cautious tone amid the spread of the Omicron coronavirus variant, economists and market participants said.  

Fifty economists surveyed by Reuters in a Dec. 1-3 poll expect the RBI to hold its benchmark repo rate at 4.00%.  

The reverse repo rate - the interest rate banks earn for parking short-term funds at the RBI - is mostly expected to remain unchanged at 3.35%, but several economists have priced in a small increase as the central bank tries to normalise the gap between the lending and borrowing rate to pre COVID-19 levels.  

Oil rises on easing Omicron fears and Iran delay  

Oil prices rose on Tuesday, extending the previous day`s almost 5% rebound as concerns over the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude.  

Brent crude futures were up $1.49, or 2%, at $74.57 a barrel by 1430 GMT, having registered a 4.6% gain on Monday. U.S. West Texas Intermediate crude was up $1.71, or 2.5%, at $71.20, building on a 4.9% gain in the previous session.  

Oil prices were pummelled last week by concerns that vaccines might be less effective against the Omicron variant, sparking fears that governments could impose fresh restrictions to curb its spread and hit global growth and oil demand.  

Ahead of IPO, Shriram Properties garners Rs 268 cr from anchor investors  

Shriram Properties on Tuesday said it has raised a little over Rs 268 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Wednesday.  

The company has decided to allocate 2,27,66,949 equity shares to anchor investors at Rs 118 apiece, valuing the transaction size to Rs 268.64 crore, according to a BSE circular.  

BNP Paribas Arbitrage, Societe Generale, SBI Life Insurance Co Ltd, HDFC Life Insurance Company, Sundaram Mutual Fund (MF), Aditya Birla Sun Life MF, and HDFC MF are among the anchor investors.  

States borrowing cost again on a song, hits 1-month high at 6.80%  

After falling marginally for two weeks, the cost of debt-funds for the states jumped again as the weighted average cost of borrowings rose by 37 bps to a one-month high of 6.80 per cent in the auction on Tuesday compared to the last week.  

At the weekly auction of state development loans, six states raised just Rs 8,000 crore, which is 41 per cent lower than the indicated Rs 13,600 crore, according to an analysis by Icra Ratings, which said this is the sixth consecutive week of lower-than-indicated issuance.  

Rategain Travel IPO subscribed 41 pc on Day 1 of offer  
The initial public offer of Rategain Travel Technologies Limited received a 41 per cent subscription on the first day on Tuesday.  The IPO received bids for 71,88,090 shares against 1,73,51,146 shares on offer, according to data available with the exchanges. The Retail Individual Investors (RIIs) category received full subscriptions on the first day, getting subscribed 2.23 times, while the non-institutional investors' portion got subscribed 4 per cent.  The initial public offer (IPO) has a fresh issue of up to Rs 375 crore and an offer for sale of up to 2,26,05,530 equity shares. The three-day offer has a price range of Rs 405-425 per share.  

421 cases resolved under insolvency law till September  

As many as 421 cases involving a realisable value of Rs 2.55 lakh crore were resolved and 1,149 cases having a liquidation value of Rs 52,036 crore went for liquidation under the insolvency law till this September, the government said on Tuesday.  

Corporate Insolvency Resolution Process (CIRP) is conducted as per the provisions of the Insolvency and Bankruptcy Code (IBC). As of September 30, a total of 4,708 CIRPs were initiated under the IBC.  

"The realisable value of 421 cases which were resolved through a resolution plan as on 30th September, 2021 is Rs 2.55 lakh crore for all creditors, including financial creditors. The liquidation value of these companies was Rs 1.48 lakh crore.  

FII & DII Data:  

Foreign portfolio investors (FPIs) remained net sellers for Rs 2584.97 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 2605.81 crore, provisional data showed on the NSE.  

Stocks under F&O ban on NSE    

One stock: Indiabulls Housing Finance placed under the F&O ban on Wednesday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.  

(With inputs from PTI, Reuters and other agencies) 

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)