Financial Summary: Monday, December 1, 2025

India's Nifty and Sensex indices reached all-time highs following a robust 8.2% GDP growth in Q2.

U.S. markets opened lower as investors await crucial economic data and a speech from the Federal Reserve Chair.

European markets experienced a sell-off in defense stocks amid broader market concerns.

Bitcoin and Ethereum saw a sharp decline, raising concerns about the stability of the cryptocurrency market.

U.K. gilt yields rose as expectations for interest rate hikes increased, reflecting trends in Japan and the Eurozone.

Sebi approved IPO proposals for ICICI Prudential AMC and Powerica, enabling them to raise funds.

Nine BSE 100 stocks, including Bank of Baroda, reached 52-week highs, indicating strong market momentum.

Investor Michael Burry criticized Tesla's valuation, labeling it as 'ridiculously overvalued'.

The crypto market downturn resulted in nearly $1 billion in losses from leveraged bets.

U.S. stock markets, including the Dow, S&P 500, and Nasdaq, faced declines as Bitcoin prices fell sharply.

Accenture has rebranded its workforce as 'reinventors' to enhance its AI adaptation strategy, partnering with OpenAI for employee training.

Reliance Jio added 20 lakh new subscribers in October, solidifying its position as a leader in the Indian telecom market.

Godrej Properties won a bid for a 5-acre land parcel in Hyderabad, planning a residential project expected to generate ₹4,150 crore.

Wockhardt's stock surged 15% after the US FDA approved its first-in-class antibiotic Zaynich.

Paytm shares rose over 3% as One97 Communications announced full ownership of three key subsidiaries.

Tata Motors shares increased by 4% following a 29% year-on-year growth in November sales, driven by strong demand in commercial vehicles.

TotalEnergies is selling a 40% stake in its Nigerian offshore licenses to Chevron, marking a significant shift in its investment strategy.

Coupang's stock drops following the revelation of a data breach, raising concerns about its cybersecurity measures.

Amazon solidifies its position as the largest clothing seller in the U.S., despite facing scrutiny over its retail practices.

ServiceNow enhances its enterprise AI capabilities through a new partnership with Microsoft.

Eli Lilly has announced a reduction in cash prices for its obesity drug Zepbound, following recent agreements to improve access to GLP-1 medications.

Shopify experienced a significant outage on Cyber Monday, affecting merchants' ability to log in and access point-of-sale systems.

Despite concerns about consumer spending, retailers are seeing a strong start to the holiday shopping season, challenging previous narratives about weak consumer behavior.

Bitcoin champion Strategy has launched a 'dollar reserve' amid a significant sell-off in the cryptocurrency market, warning of potential losses.

The Reserve Bank of India is contemplating interest rate changes due to strong economic growth and low inflation, leading to diverse opinions among economists.

Sebi has introduced new regulations for offshore derivative instruments to enhance market transparency for investors.

Private equity and venture capital investments in India reached USD 5.3 billion in October 2025, indicating a robust investment environment.

India's industrial output grew by only 0.4% in October, missing expectations due to weak performance in manufacturing and mining.

The banking regulator in India has issued new guidelines to improve security and consumer protection in digital banking.

UK Prime Minister Keir Starmer advocates for welfare spending reform to address the rising benefits bill as a moral obligation.

NATO is considering a more aggressive strategy to counter Russia's hybrid warfare tactics amid increasing tensions.

A report reveals a 17% decline in new international student enrollments at U.S. colleges, potentially leading to a $1 billion economic loss.

China's factory activity shows signs of contraction, with the General Manufacturing PMI dropping to 49.9, indicating an economic slowdown.

U.S. Special Envoy Steve Witkoff is set to meet with Russian President Putin to discuss potential peace talks regarding Ukraine.

Operations at Iraq's Khor Mor gas field have resumed following a drone attack that temporarily halted production.

Hong Kong's stablecoin market faces significant challenges due to China's intensified crackdown on cryptocurrency.

Richard Hughes, chair of the UK's Office for Budget Responsibility, resigns following a significant error in economic forecasts.

Elon Musk highlights the critical role of AI and robotics in future economic growth, identifying Google and Nvidia as key players.

Nvidia has acquired a $2 billion stake in Synopsys to enhance their collaboration in AI and computing technologies.

Runway has launched Gen 4.5, an advanced AI video model capable of creating high-definition videos from text prompts.

Apple's potential support for Intel's foundry ambitions could significantly reshape the semiconductor landscape.

Analysts show optimism about Nvidia's latest AI GPUs, indicating strong market confidence in their performance.

Kalshi introduces tokenized betting contracts aimed at crypto traders, allowing digital versions of financial assets.

Investigators are analyzing the black boxes from the recent airplane crash to gather insights on flight data and cockpit communications.