Market View 20th Dec, 2024

View on market: Volatility Prevails, Market is searching for better value

Asian stocks remained stable in early trading on Friday, following the Federal Reserve’s recent shift to a more hawkish stance. This shift has continued to affect U.S. equities and bonds, while boosting the strength of the U.S. dollar. On Thursday, most U.S. stock indices ended with small losses as investors adjusted to the Federal Reserve’s outlook for 2025. The S&P 500 and Nasdaq Composite both saw slight declines. Meanwhile, in India, major stock indices also experienced significant drops, with the NSE Nifty 50 and BSE Sensex closing lower. The market reactions reflect growing concerns about the potential impact of the Fed’s policies on global economic conditions. Investors are closely monitoring these developments, which have created uncertainty in markets worldwide. The overall trend indicates caution among investors as they reassess their expectations for the future.

Economic Calendar:

• USD: Initial Jobless Claims on 26th December 2024.
• IND: Foreign Reserves (USD) on 20^th December 2024.
• USD: Goods Trade Balance (Nov) on 27th December 2024.
• IND: Federal Fiscal Deficit (Nov) on 31^st December 2024.

 

IPO Watch:

Brokerage Radar:

MOSL ON ANANT RAJ:

Initiate Buy with target price of Rs 1100, Riding India’s data center localization wave, Beneficiary of NCR recovery, with a strong presence in Gurugram, JV with Birla Estates is a testimony of strong legacy & asset-light growth, Pre-sales/collections to clock 23%/87% CAGR over FY24-27.

JEFFERIES ON SAGILITY:

Initiate Buy with target price of Rs 52, Leading BPM firm focused on US Healthcare, Well positioned to deliver double-digit revenue growth,  Normalization of D&A and deleveraging to spur EPS growth, Over FY25-27, expect Sagility to deliveroo 12%/40% CAGR in revenue/PAT.

JEFFERIES ON AUTO SECTOR:

EV penetration in 2Ws has stagnated in 4-7% range for last two years, This is despite launch of lower-priced vehicles by OEMs, Indicates that attractive cost of ownership alone is insufficient for widespread adoption. Build-up of consumer confidence in product reliability, longevity and resale value is key.

International Markets:

U.S & Europe:

*As per 20^th December.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

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