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WEEKLY REPORT
Indian equity markets closed the week on a mixed note, as optimism from the RBI’s 25 bps rate cut was offset by global risk-off sentiment.
BSE Sensex index lost -142.52 points, -0.17% to finish at 85,267.66, while Nifty50 fell -93.80 points, -0.36% to finish at 26,046.95.
During the week, Hindustan Zinc, Vodafone Idea, Bandhan Bank, SRF, and JSW Energy were among the top gainers, while Interglobe Aviation, Asian Paints, Bharat Dynamics, COFORGE and Hero Motocorp were among the losers this week.
Among the sectoral indices, the Nifty Metals led the gains, followed by Infrastructure. Financials, Consumer durables and banks ended mildly positive. While defence, tourism and FMCG ended lower.
The Foreign Institutional Investors (FIIs) extended their selling as they sold equities worth Rs 2,450 crore, while the Domestic Institutional Investors (DIIs) continued their buying as they bought equities worth Rs 1,980 crore.
Among the broader market indices, the BSE Large-cap ended flat, while the BSE Mid-cap index and the Small-cap indices gained 0.18 and 0.34 percent, respectively, this week.
Indian rupee continued the depreciation against the US dollar, touchinga new record low of 90.62 on December 1. During the week, the Indian rupee traded in the range of 90.13-90.58.
ECONOMY
A Weak Corporate Bond Market could slow India’s growth
NITI Aayog Vice-Chairman warned that India’s underdeveloped corporate bond market could become a major bottleneck to long-term economic growth. He also stated that companies rely heavily on banks for funding, which can be costlier than market-based debt. A deeper bond market would help diversify funding sources and reduce pressure on banks’ balance sheets. Strengthening the corporate bond ecosystem was flagged as critical for sustaining high growth momentum.
New Fed Chair’s Next Decisions Could Shape Global Markets
After the U.S. Federal Reserve delivered a rate cut, market attention has turned to how the new Fed Chair will steer monetary policy going forward. While inflation has shown signs of cooling, uneven economic conditions continue to pose challenges for future decisions. Investors are closely watching signals on whether the Fed will prioritise growth support or stay cautious on inflation. The new leadership is expected to balance financial-market expectations with data-driven policymaking.
STOCKS IN NEWS
Hindustan Zinc
The shares went up 12.70 percent over the week as Silver prices scaled new record highs today, as futures with March expiry crossed the Rs 2 lakh-mark for the first time on Friday. China’s recent announcement on ‘proactive’ fiscal policy boosted investor sentiment, and the dollar’s weakness and the Fed’s rate cut also supported.
Shakti Pumps
Shares of the company went up 8.6 percent after the company announced that it had received an order from Maharashtra State Electricity Distribution Company (MSEDCL) for 16,025 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under Magel Tyala Saur Krushi Pump Yojana/PM Kusum B Scheme.
GMDC
The shares of Gujarat Mineral Development Corporation (GMDC) jumped almost 2 percent this week, announced that it has acquired three coal blocks in Odisha, with the Baitarni-West coal mine emerging as the most “value-accretive” asset owing to its scale and geological potential.
Interglobe Aviation
Indigo parent company shares went down over 6 percent this week amid flight cancellations, acute pilot shortages and a 10 per cent DGCA-mandated cut in the domestic winter schedule, creating meaningful downside risk to near-term profitability and valuations.
LT Foods
The shares went down almost 3.5 percent after US President Donald Trump threatened to impose fresh tariffs on India’s rice exports to the US, dampening investor sentiment. The company claims that its ‘Royal’ brand is the top basmati rice brand in North America.
Source – Moneycontrol