The S&P BSE Sensex increased by 597.67 points to 80,845.75, while the Nifty 50 gained 181.10 points to reach 24,457.15, reflecting a notable increase over recent sessions.

Foreign portfolio investors (FPIs) have shown renewed interest in the Indian equity market, purchasing shares worth over Rs 5,688.23 crore in December 2024 after significant sales in November.

Asian stock markets displayed mixed results as investors reacted to political crises in France and South Korea.

In South Korea, the Kospi Index fell amid political turmoil, including a brief imposition of martial law by President Yoon Suk Yeol, which was quickly reversed.

The GIFT Nifty December futures contract is trading higher, suggesting a positive start for the Nifty 50 index.

In the domestic market, the Nifty 50 index held above the 24,450 level, concluding the session with modest gains and marking four consecutive days of upward momentum.

U.S. stock markets reached record highs on December 4, 2024, driven by strong earnings, particularly from Salesforce, and optimism surrounding major technology companies like NVIDIA.

On December 3, 2024, stock indices also hit record levels, led by gains in technology stocks, although there are growing concerns about the economic outlook.

In global markets, Dow Jones index futures rose by 100 points, indicating a positive opening for U.S. stocks.

Equity benchmarks in India rose for the third consecutive day, with the Nifty 50 closing above 24,450, driven by strong performances in the PSU bank and metal sectors.

Investors are closely monitoring upcoming jobs data and remarks from Federal Reserve Chair Jerome Powell for indications on potential interest rate cuts.

Technology stocks are buoyed by optimism surrounding artificial intelligence and expectations of lower interest rates, supporting the tech-heavy market.