market-summery-24dec

Summary of the Market

On December ​20, the benchmark Nifty Index fell by 1.52% to close at 23587.5. The Nifty Midcap150 Index fell sharply​ by 2.41% to close at 21050.6. The Nifty Smallcap250 Index sharply​ fell by 2.01% to close at 17693.7. The Nifty Total Market Index fell by 1.92% to close at 12606.7.The 10yr yield rose by ​20 bps to close at 7.01%. The rupee ​g​ained 0.09% to close at 85.04 against the US Dollar.

Important Notables

  • Online electronics sales in India are booming, with growth increasing from 32% to 34% this year, reports ET.
  • Hotel room rates, which reached record highs in 2024, are expected to rise further in 2025 due to a 7-8% surge in demand across all segments, reports BS.
  • Bank deposit rates are expected to stay steady as lenders require funds to meet rising loan demands, reports ET.
  • TRAI has fined major telecom operators ₹12 crore for failing to curb spam calls, bringing the total unpaid penalties to ₹141 crore, reports ET.
  • India's passenger vehicle sales are expected to grow by 5% in 2025, driven by government spending, an improved monsoon season, and positive rural sentiment, reports ET.
  • Wholesale pulse prices have dropped by 5-20% recently, and the government has urged retailers to align with these reductions, reports ET.
  • Economists forecast slower real GDP growth in the second half of FY25, ranging from 6.4% to 6.6%, compared to the RBI's projection of 7%, reports ET.
  • RBI has reduced the timeframe for classifying wilful defaulters, with banks now required to complete the process within six months, reports ET.

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