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December 23-27, 2024
Benchmark indices traded in the red this week due to global headwinds and domestic uncertainties.
Fed’s Hawkish Commentary: The US Federal Reserve’s stance on slower policy easing rattled markets worldwide.
FII Reversals: Early December’s FII buying is now reversing, putting pressure on large-cap stocks, especially in financials.
Cautious Optimism: India’s long-term economic growth story bolsters sentiment despite near-term volatility.
IPO buzz stays alive as Unimech Aerospace IPO opens for subscription.
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📅 Key Events This Week
Day | Event | Details |
|---|---|---|
Monday, Dec 23 | IPO: Unimech Aerospace Opens | The IPO aims to raise ₹500 crore with a price band of ₹745-785 per share. |
UK GDP Growth Rate (Final) | Q3 growth at 0.1%, below Q2's 0.5%. Final reading to confirm trajectory. | |
Tuesday, Dec 24 | - | - |
Wednesday, Dec 25 | - | - |
Thursday, Dec 26 | US Initial Jobless Claims | Previous claims surged to 242,000, well above expectations. Updated data awaited. |
Friday, Dec 27 | India Foreign Exchange Reserves | Forex reserves fell to $654.86 billion in early December. Latest figures to offer fresh insights. |
💡 Sector Highlights
Financials: Large-cap financials bore the brunt of FII outflows this week.
Commodities: Gold prices edged higher, reflecting safe-haven demand amid global uncertainties.
IPOs: Unimech Aerospace continues the IPO momentum, targeting ₹500 crore.
📊 Important Observations & Market Sentiments
Buy-on-Dips Strategy: Retail investors are advised to focus on quality large caps amid temporary FII sell-off.
Global Influences: The Fed’s hawkish stance and geopolitical uncertainties keep markets volatile.
Central Bank Actions: Mixed global central bank policies indicate diverse strategies heading into 2025.
🤔 DO YOU KNOW?
The highest-ever US Treasury yields since May 2024 reflect investor expectations of slower Fed policy easing. These yields significantly impact global financial flows and equity market sentiment.
📜 Summary
The Fed’s hawkish commentary and FII sell-offs heavily influenced this week's market. However, domestic resilience continues to underpin long-term optimism. IPO activity remains robust with Unimech Aerospace in the spotlight. While volatility persists, opportunities to accumulate quality stocks on dips make this a crucial week for strategic positioning.
Stay Informed, Stay Ahead 🚀
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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.