Weekly market update, Dec 13, 2024

India’s equity indices witnessed a sharp rebound despite volatility and logged its fourth consecutive weekly gain, driven by a combination of improving global and domestic sentiments. On a weekly basis, the Nifty 50 gained 0.37% and Sensex ended 0.52% up. After weeks of outperformance, the broader indices also displayed a mixed trend, with the midcap index closing higher by 0.22%, while the smallcap index ended slightly lower by 0.16%. On Sectoral front, The Nifty IT gained the most this week, while most sectoral indices fell.

In the third week of December, Analysts expect that investors will closely monitor key market triggers, including US Fed interest rate and other central bank decisions, domestic and global macroeconomic data, foreign fund inflows, Russia-Ukraine conflict, US bond yields, crude oil prices, and other global cues.

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