As Santa bails on Dalal Street, domestic investors come to the rescue | Stock Market News
Indian stock markets failed to witness the traditional year-end Santa Rally as benchmark indices ended December under pressure. The Sensex and Nifty recorded losses during the month, reflecting weak domestic investor sentiment and sustained selling in select heavyweight stocks. Market participants remained cautious amid global uncertainty, fluctuating crude oil prices, and concerns around interest rate trajectories in major economies. While foreign institutional investors showed intermittent buying interest, it was not strong enough to offset domestic selling pressure. Mid-cap and small-cap stocks also saw volatility, with investors focusing more on capital preservation than aggressive buying. Sector-wise, IT and metal stocks faced selling, while selective buying was seen in FMCG and banking counters. Experts believe the absence of a Santa Rally highlights ongoing risk aversion and a wait-and-watch approach ahead of key economic data and corporate earnings. Overall, December closed on a subdued note for Dalal Street.
The Key points
- Sensex and Nifty ended December in negative territory
- Traditional Santa Rally did not materialise in Indian markets
- Domestic investors remained cautious throughout the month
- Global economic uncertainty impacted market sentiment
- Interest rate outlook influenced investor decisions
- IT and metal stocks witnessed notable selling pressure
- FMCG and banking stocks saw selective buying interest
- Mid-cap and small-cap indices experienced volatility
- Foreign investor inflows were inconsistent during December
- Experts expect clarity after economic data and earnings results
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (www.livemint.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
