Week ending 28th December 2024

Week ending 28th December 2024

1. Markets

  • Sensex closed at 78,699 and Nifty at 23,800, with modest gains despite bond yields remaining flat. Market growth expected in 2025 due to strong corporate performance and broader public market opportunities.
  • S&P 500 delivered 26.9% returns in INR terms, outperforming Indian MidCap TRI (26.2%) and SmallCap (24.1%).
  • 10-year study demonstrates asset allocation remains crucial due to unpredictable annual trends across asset classes.

2. RBI

  • Banks’ profitability for the sixth consecutive year with a GNPA ratio at a 13-year low of 2.5%. despite credit-to-GDP ratio remaining below emerging market thresholds.
  • Improved tax efficiency and controlled fiscal deficits but concerns persist over high state debt (28.5% of GDP) and unsustainable freebies.
  • RBI’s move to enhance UPI-PPI payments aligns with its Payment Vision 2025.

3. SEBI

  • Clarifications on shareholding transfers and change in control rules, ensuring regulatory compliance in case of new partner inductions.

4. Economy

  • As per Govt survey, Urban-rural consumption gap narrowed; Gini coefficient improved, indicating reduced inequality.
  • Unincorporated enterprises grew by 12.8%, adding 11 million jobs, highlighting recovery in small-scale businesses.
  • India’s share in global merchandise exports rose to 1.8%, driven by initiatives like Make in India and the PLI scheme.

5. PE VC

  • VC Investments reached $16.77 billion across 888 deals (+14% YoY), led by technology ($6.5 billion).
  • Funds raised by private equity firms fell to a 7-year low of $3.98 billion (-38% YoY).
  • Startups funding exceeded $12 billion, with IPOs unlocking significant value for employees and promoters.
  • AI startups raised $747 million despite a decline in funding value.

Suggest reading detailed blog with data points >> https://bit.ly/Weekending28thDec

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