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Indian fairness markets ended Monday, December 16, within the purple as warning prevailed amongst traders forward of the US Federal Reserve’s coverage assembly on December 19. Regardless of a robust efficiency within the earlier session, frontline indices slipped as IT and monetary shares noticed sharp declines.
The Nifty 50 fell 0.40 per cent to shut at 24,668, whereas the Sensex shed 0.47 per cent to settle at 81,748. In distinction, broader markets outperformed, with the Nifty Midcap 100 and Smallcap 100 indices gaining 0.77 per cent and 0.64 per cent, respectively.
Sectors reminiscent of pharma and PSU noticed notable beneficial properties, whereas realty shares outperformed on optimism about rising demand and a possible rate-cut cycle in 2025. “The nationwide market traded in a range-bound method at the moment, with the realty sector main on-demand expectations,” mentioned Vinod Nair, Head of Analysis at Geojit Monetary Providers.
Nair highlighted that sturdy manufacturing and repair PMI information counsel a possible earnings restoration in H2FY25, which may mitigate FY25 earnings downgrades. Nevertheless, rising US 10-year bond yields and a strengthening greenback saved traders on edge forward of the US Fed’s commentary on 2025 rates of interest.
Broader markets’ resilience provided a silver lining amid the cautious temper.
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