Weekly Stock Market Recap: Key Insights, Top Stocks & Nifty Outlook
Markets staged a late recovery on Friday, rescuing an otherwise flat trading week. Here's our take on this week gone by, some stories you might have missed out on, and our thoughts on what to do going ahead, in your weekly stock market report.
Weekly Recap
Late-week rally
- Indices remained largely flat from Monday to Thursday but finally found their footing on Friday after a week of uncertainty.
- Markets dipped sharply in the first half of Friday before staging a strong rebound, ending the week 0.37% above the previous week's levels.
- This indecisiveness wasn’t unique, as global markets, including the S&P 500, experienced similar swings throughout the week.
What moved the needle?
- Globally, investors awaited U.S. inflation data, which ultimately aligned with expectations and fuelled optimism for potential Fed rate cuts in the near term.
- At home, while industrial production data disappointed, easing inflation lifted market sentiment, sparking hopes for an RBI rate cut under the new governor. Also read: Sanjay Malhotra Appointed as India’s 26th RBI Governor – What Investors Need to Know
The winners
- Bharti Airtel jumped 5.2% last week, driven by optimism over its revised pricing plans and inclusion in Jefferies' top stock picks for 2025.
- Bajaj Finance outperformed benchmarks with a 4.8% gain, as investors responded positively to its AI-driven growth strategy announcements.
The losers
- FMCG giants Tata Consumer Products and Hindustan Unilever faced significant sell-offs on Monday, emerging as the week's biggest losers.
- The downturn was triggered by a weak quarterly update from industry leader Godrej Consumer, sparking concerns about a potential sector-wide demand slowdown.
Meanwhile…
- The UK economy unexpectedly contracted in October, with GDP declining due to stagnation in construction, production, and services activity.
- Meanwhile, precious metal prices soared to all-time highs in 2024, fuelled by rising geopolitical risks and expectations of looser monetary policy ahead.
- The primary market saw the launch of five mainboard IPOs. For an in-depth analysis of each, visit: IPO Corner on Liquide
Market Brief
Market Outlook
Our take
- Despite near-to-medium-term headwinds, easing inflation and a potential regime change at the RBI could keep the positive sentiment alive on D-Street.
- Furthermore, technical indicators signal a continued uptrend from current levels. We anticipate the bullish momentum to carry forward next week, with Nifty likely trading in the 24,450–25,150 range.
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