NSE’s new weight rules to impact Nifty Bank, Rupee hits new low, bitcoin crash, and more

NSE Weight Concentration Guidelines: How Nifty Bank Will Be Impacted

The National Stock Exchange (NSE) has released final guidelines to align with market regulator Securities and Exchange Board of India (SEBI) weight concentration requirements. SEBI had asked the NSE to reduce the concentration of weights in indices which have futures contracts, which includes the Nifty Bank as well.

US Tech Rally May Slow; India Could Gain in 2026

Lyn Alden, Founder of Lyn Alden Investment Strategy, expects a more muted performance from US tech in 2026. The strong run in US technology and artificial intelligence (AI) stocks may be nearing its limit, and global investors could start shifting capital toward markets like India in the coming years.

Indian Rupee Falls to a New Record Low

India's currency, the rupee, fell to a new record low of 89.85 against the US Dollar on Tuesday, December 2, breaking past its previous record low of 89.78. The currency has depreciated by over a rupee against the US Dollar since November 3.

Bitcoin Crash Damages Retail Investors

Bitcoin had its worst day since March on Monday as the world's largest cryptocurrency fell to levels of $85,000. However, a section of the crypto market investors are facing greater damage. Strategy Inc., originally a software solutions provider, but now known as a Bitcoin proxy, has seen its shares plunge over 66% from their recent highs.

Vodafone Idea Shares Gain 4% in Anticipation of AGR Relief Measures

Shares of Vodafone Idea Ltd. gained 4% on Tuesday, December 2, after Union telecom minister Jyotiraditya Scindia indicated that the Centre may finalise the firm's relief recommendations regarding its additional adjusted gross revenue (AGR) dues in the coming weeks.

Stocks To Buy: Emkay Bets on Real Estate Stocks for Up to 45% Upside

• Brokerage firm Emkay Global has begun coverage on India's real estate space, taking a broadly positive view on the sector.
• The brokerage has issued a 'Buy' rating on Lodha Developers, Sunteck Realty, and Arvind Smartspaces, while assigning an 'Add' rating to DLF and a 'Reduce' recommendation for Oberoi Realty.

India Rejects Reports of Denial of Airspace to Pakistan to Send Aid to Sri Lanka

India has expeditiously heeded to Pakistan's request to use Indian airspace to send humanitarian assistance to cyclone-hit Sri Lanka. People familiar with the matter described as "fake" reports in the Pakistani media that India has not granted an overflight facility to Pakistan to send aid to Sri Lanka.

Nvidia Unveils Alpamayo-R1 to Boost Transparent AI Reasoning in Self-Driving Cars

Nvidia has released new open-source software aimed at speeding up the development of self-driving cars using some of the newest "reasoning" techniques in artificial intelligence.

Cyclone Ditwah: Schools, Colleges Shut in Chennai and Nearby Districts Due to Heavy Rains and Waterlogging

Ahead of heavy rains and waterlogging triggered by Cyclone Ditwah, schools and colleges in Chennai, Tiruvallur and Kanchipuram districts were closed on Tuesday (December 2) as a precautionary measure.

WHO Backs Use of GLP-1 Therapies for Obesity, Warns Access Will Remain Limited

The World Health Organization (WHO) has issued its first guideline on the use of GLP-1 therapies for obesity, conditionally recommending them as part of long-term treatment for the condition, which affects more than 1 billion people globally.

Voting Underway in 264 Municipal Councils and Nagar Panchayats in Maharashtra

Voting was underway on Tuesday (December 2) across 264 municipal councils and nagar panchayats in the first phase of the local body elections in Maharashtra, where 6,042 seats and 264 posts of council presidents are up for grabs.