GLOBAL MARKET UPDATE

Advisory Bazaar Info Services

* US equity markets closed lower, declining between 0.45% and 0.90%.

* European equity markets also ended in negative territory, falling between 0.19% and 1%.

* Most Asian markets are trading in the green.

* Sensex–Nifty are trading with weakness, down by 200 and 60 points, respectively.

* Global markets started December on an uncertain note, as nearly $1 billion in leveraged crypto positions were liquidated during Monday’s sharp decline, leading to a broad selloff in digital assets.

* Following Monday’s drop, Asian markets are showing cautious recovery today, as cryptocurrencies dragged global risk assets lower.

* Crude oil prices remain firm as markets assess the potential next steps by US President Donald Trump regarding Venezuela and evaluate the impact of damage to a Black Sea crude export terminal. Brent is trading near $63 per barrel.

* India’s GST collections fell to ₹1.7 lakh crore in November, down from ₹1.95 lakh crore in the previous month. This decline is attributed to the recent rate rationalisation.

• Central GST (CGST): ₹34,843 crore (higher than last year’s ₹34,141 crore)

• State GST (SGST): ₹42,522 crore (lower than last year’s ₹43,047 crore)

• Integrated GST (IGST): ₹46,934 crore (lower than last year’s ₹50,093 crore)