Weekly market update, Dec 27, 2024

Domestic equity benchmark indices ended the Christmas week on a subdued note amid a lack of major triggers and caution ahead of the swearing of US Republican Party administration continued to impact the sentiment. On weekly basis, The Nifty 50 and Sensex ended 0.96% and 0.84% higher, respectively. Broader indices were mixed, as the BSE Midcap closed 0.21% higher, while BSE Smallcap declined around 0.18%. This week on NSE, eight sectors advanced and four declined out of 12. The NSE Nifty Media declined the most, while the NSE Nifty Auto rose the most. The NSE Nifty Auto, NSE Nifty Oil and Gas, NSE Nifty Banks snapped two weeks losing streak.

As the stock market prepares to close 2024 and begin the new year 2025, In the coming week, Analysts expect that investors will closely monitor key market triggers, including the first set of December quarter estimates/updates for the current fiscal 2024-25 (Q3FY25), auto sales figures, domestic and global macroeconomic data, foreign fund outflows, and other global cues.

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