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December 9-13, 2024
📈 Central Banks in Focus as Markets Eye Key Economic Data
The RBI kept the repo rate unchanged while reducing the CRR rate, signaling cautious optimism about economic recovery in H2 FY25.
Central banks in Australia, Canada, and Europe are set to decide on interest rates, providing critical global market cues.
IPO rush continues, with Vishal Mega Mart, Sai Life Sciences, and One Mobikwik Systems opening for subscription.
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📅 Key Events This Week
Day | Event | Details |
|---|---|---|
Monday, Dec 9 | Board Meetings | Boards of Vodafone Idea and Metropolis Healthcare to consider equity share issuance proposals. |
China Inflation (Nov) | Expected to rebound after easing to a 4-month low in October. | |
Tuesday, Dec 10 | Board Meeting: Indraprastha Gas | Board to discuss issuance of bonus shares for equity shareholders. |
Australia Interest Rate Decision | RBA to announce its policy decision; rates were left unchanged in the last meeting. | |
China Exports & Imports (Nov) | November trade data to shed light on economic momentum after mixed October results. | |
Wednesday, Dec 11 | IPO Subscriptions Begin | Vishal Mega Mart, Sai Life Sciences, and One Mobikwik Systems IPOs open for subscription. |
US Inflation Data (Nov) | November’s core inflation and CPI to provide direction for the Fed’s policy outlook. | |
Canada Interest Rate Decision | Bank of Canada to announce its rate decision; a further cut is speculated. | |
OPEC Monthly Report | Insights on crude oil supply trends after a decision to delay new supply additions. | |
Thursday, Dec 12 | India Inflation (Nov) | Inflation is likely to show movement from October’s 6.21%. |
India Industrial Production (Oct) | Industrial output data to reflect sectoral recovery trends. | |
ECB Interest Rate Decision | European Central Bank’s monetary policy decision awaited; a rate cut of 25 bps was last seen. | |
Friday, Dec 13 | India Bank Loan & Deposit Growth | RBI to release fortnightly data; prior report indicated slowing credit and deposit growth. |
💡 Sector Highlights
Banking & Finance: RBI’s reduction in CRR rate may improve banks' liquidity.
Energy: OPEC’s crude oil market report is likely to affect energy sector stocks.
Retail & Pharma: IPOs like Vishal Mega Mart and Sai Life Sciences to attract investor attention.
📊 Important Observations & Market Sentiments
Central Banks’ Moves: Global monetary policy decisions remain the key driver for market sentiment.
Inflation Trends: Updates on India and US inflation data will shape rate expectations.
IPO Momentum: Investors remain bullish on new listings despite volatile market conditions.
🤔 DO YOU KNOW?
The Cash Reserve Ratio (CRR) reduction by RBI can free up approximately ₹50,000 crore for lending and other banking activities.
👀 Stocks to Focus On
HDFC Bank: Beneficiary of reduced CRR with potential credit growth.
Reliance Industries: Gains from OPEC’s supply stance could boost energy verticals.
TCS: Stable outlook amidst global IT sector recovery.
📜 Summary
This upcoming week is pivotal with a mix of domestic and global events, including inflation data, monetary policy decisions, and IPOs. The RBI’s CRR reduction signals optimism, but global cues remain critical for market direction. Investors should stay vigilant and capitalize on sectoral opportunities.
Stay Informed, Stay Ahead 🚀
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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.
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