Market Pulse: Tech M&A buzz has markets defying holiday calm, with AI deals dragging Santa’s sleigh through headlines.

Key Movers: Amazon’s charts flash red in “Amazon: A Correction Under $200 May Be Necessary Before Uptrend Resumes (Technical Analysis),” while NVIDIA goes all in on Groq’s assets in a roughly $20 billion spree (“Exclusive: Nvidia buying AI chip startup Groq’s assets for about $20 billion in largest deal on record”).

Macro & Politics: India punches above its weight at an inflection point (“India at inflection point: Seizing leadership in changed global trade landscape”), even as its IPO market just raised a record ₹1.75 lakh crore.

What’s Next: Watch the half-day U.S. session for thin‐volume swings and China’s holiday demand flickers in commodities.

Market Commentary

Everyone’s overlooking that two-thirds of Nifty 500 stocks are orbiting in overvaluation territory (Two-thirds of Nifty 500 stocks trade in overvalued zone, The Times of India). That’s not a small kink—it’s a damn problem when headline P/Es ignore profit curves and margins start cracking under the hype.

Now, mash up NVIDIA’s Groq deal (Freerepublic.com) with India’s IPO frenzy (India IPO market scripts history, The Times of India) and you’ve got an epic tale of tech and capital markets running neck and neck in a global roller coaster. Both stories scream FOMO—and they’re feeding off each other.

Here’s your play: avoid blind excitement. Vet your supply-chain bets in India, watch for post-IPO pullbacks, and dial into select names like Jio Financial and APL Apollo (Stocks to buy on Friday: Jio Financial, APL Apollo, 3 more scrips offer up to 16% upside, The Times of India). Size positions for a volatile start.