• Notification Date: 24-12-2024
• Notification No: N/A

Indian Stock Market to kick-start its strong journey in line with global trends and key economic events

Indian markets witnessed a slide on Friday with the Sensex losing 1.5% and the Nifty 50 shedding 1.52%. Weak global cues, coupled with the Indian rupee reaching an all-time low and continuous selling by foreign institutional investors (FIIs), resulted in the slump. Experts believe that markets are likely to remain volatile, keeping an eye on global cues, especially during the festive season.

Global markets were more optimistic over the weekend. Asian indices, including Japan's Nikkei and South Korea's Kospi, gained strongly. US stocks rallied after a report showed inflation was cooler than expected, which boosted investor sentiment. Dow Jones and S&P 500 both gained significantly on Friday.

As the week progresses, investors will closely monitor various key factors, including new IPO listings, global macroeconomic data, and foreign fund inflows. The US Federal Reserve's stance on interest rates and oil prices will also play a crucial role.

In other news, the GST Council decided on an 18% tax on margin value, the sales from used electric vehicles, and clarified its stand regarding taxation issues related to food ordering platforms. Additionally, the RBI minutes of the latest policy highlighted challenges in controlling inflation while addressing growth issues in the Indian economy.