The week saw significant events: the Rupee depreciated by 0.48%, marking one of its steepest weekly falls in recent weeks. Key developments included the release of Consumer Price Index and Index of Industrial Production data, the start of Q3FY25 corporate results, the conclusion of the Israel-Hamas war, and the commencement of the Maha Kumbh festival.
This week’s events had a significant impact on the markets, with Nifty 50 opening 1.47% lower and maintaining negativity throughout the week. It traded below the 200 EMA for 8 consecutive days, marking its second straight week of losses. Sectors such as IT & Realty led the decline, with -5.78% & -2.50% respectively.
Amid market uncertainty, sectors like metals and energy provided some stability, recording gains of 3.13% and 2.79%, respectively
Nifty 50 ended the week at 23,203 with a marginal gain of 0.97%, while Nifty Midcap 150 and Nifty Smallcap 150 posted modest increases of 0.28% and 0.79%, respectively.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Though exports have increased in Dec-24, India’s trade deficit has widened. Take a look at the details outlined below:
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