Week Gone by 27.12.24: Nifty closes above the 23,800 mark, while the broader market underperforms.

The market gained modestly in a quiet holiday week, with broader indices lagging behind.

For the week ending, the Sensex rose 0.84% to 78,699.07, and the Nifty 50 gained 0.96% to 23,813.40.?

The BSE Mid-Cap index edged up 0.21%, while the Small-Cap index dipped 0.18%.

Economy: India's forex reserves declined by $1.98 billion to $652.87 billion as of December 13, according to RBI data. The fall was mainly due to a $3 billion drop in Foreign Currency Assets (FCA), now at $562.58 billion. Gold reserves rose by $1.12 billion to $68 billion, while Special Drawing Rights (SDRs) decreased by $35 million to $17.99 billion. The reserve position with the IMF also fell by $27 million, settling at $42.40 billion.

In the U.S., the Personal Consumption Expenditures (PCE) price index, a key measure of inflation, rose 0.1% in November, slower than October’s 0.2% increase. On an annual basis, PCE inflation stood at 2.4%, remaining above the Federal Reserve's 2% target, indicating ongoing inflationary pressures. Tokyo's November inflation rose to 3%, up from 2.6% in October, with core inflation at 2.4%, signaling broader national trends. In the U.K., revised data showed no GDP growth in Q3, contrary to the preliminary estimate of 0.1% growth released last month by the Office for National Statistics (ONS).

SUBSCRIBE to build wealth from THEMES OF DECADE in AMRITKAAL https://tikonacapital.smallcase.com/

?#Gainers4week - #Top3

#INTELLECT 24.6% Intellect gained driven by broader market gains and investor enthusiasm over its newly-launched Enterprise AI platform, Purple Fabric.

#AMBER 21.6% Amber has subsidiaries and actively pursues strategic growth initiatives. An IPO for its electronic division is possible following a demerger.

#AKUMS 16.7% Akum entered into a 200 million euro? partnership with a global pharmaceutical major to manufacture and supply a range of pharmaceutical formulations for the European market

?#Losers4week - #Top3

#TITAGARH -12.4% Titagarh seems to be on a downward trend citing some profit booking from investors.

#KPRMILL -11.8% The stock after reaching its all time highs last week, has corrected a bit.

#KIRLOSBROS -6.7% Amid the market volatility, Kirloskar brother faced a small decline.

#Unlisted Equity:? Tata Capital Plans to Raise $2 Billion in Global Debt Market. Rainmatter, Groww , Shareindia invests in. Metropolitin Stock Exchange (MSEI) Unlisted companies where interest levels are high - MSEI, NSE, OYO, PharmEasy, CSK, NSDL, Vikram Solar and HDB Financial services. Get in touch for more.

#Weekahead?

The Indian equity market's movement next week will depend on expectations of 2025,? domestic and global factors, with attention on rupee trends, flows and commentary of Trumps strategy.

India’s current account data will be released on Tuesday, December 31, while auto companies will report their December 2024 sales figures on Wednesday, January 1.

China will announce its official NBS Manufacturing PMI on Tuesday, December 31, followed by the Caixin China General Manufacturing PMI on Thursday, January 2. In the United States, pending home sales data will be released on Monday, December 30. On Wednesday, January 1, the American Petroleum Institute (API) will report US crude oil inventories, while jobless claims figures will be unveiled on Thursday, January 2. Finally, the ISM Manufacturing PMI for the US will be released on Friday, January 3.

Quote from our blog?

Investing in diverse forms of wealth is the key to building a sustainable and resilient economy.

SUBSCRIBE to build wealth from THEMES OF DECADE in AMRITKAAL https://tikonacapital.smallcase.com/