Date: 17th December 2024

Indian Equity

• Indian equities ended lower on Monday, dragged down by metal and IT stocks amid weak global
commodity prices and caution ahead of the US Federal Reserve’s interest rate decision.

Domestic Equity Benchmark Indices (Returns %)

Index 16 Dec 1 Day 1 Week 1 Month 1 Year
Sensex 81749 -0.47 0.29 5.37 14.36
Nifty 50 24668 -0.40 0.20 4.83 14.97

Nifty Equity Benchmark Indices (Returns %)

Index 16 Dec 1 Day 1 Week 1 Month 1 Year
Mid Cap 59443 0.77 0.75 9.99 30.40
Small Cap 19531 0.64 0.01 10.97 31.21
Auto 23791 0.07 0.07 3.82 31.89
Bank 53581 0.00 0.33 6.78 11.30
Energy 36970 -0.60 -1.91 -0.21 13.47
FMCG 56697 -0.30 0.42 1.64 4.63
Infra 8927 -0.28 -0.20 5.86 25.01
IT 45654 -0.74 1.83 7.70 27.59
Metal 9348 -0.97 -1.14 5.88 20.84
Pharma 22256 0.44 -0.24 2.32 37.55
Realty 1119 3.10 3.88 18.13 45.84

FII / Mutual Fund data

(Rs Cr) 13 Dec MTD YTD
FIIs 2936.51 26692.45 8587.16
Mutual Funds 2645.59 5998.37 402436.82
-MF Data as of 12th Dec 2024

Nifty P/E
P/E* P/B Dividend Yield
22.71 3.68 1.22

*Data as of 16th Dec 2024

 Domestic Debt

• The interbank call money rate closed lower on Monday at 6.70% compared to 6.80% on Friday.
• Government Bond prices ended lower on Monday following a rise in the US treasury yields, while
the focus remained on Fed’s monetary policy decision.
• The yield of the 10-year benchmark 06.79% GS 2034 paper ended higher at 6.74% on Monday
compared to 6.73% on Friday.

Debt Watch
16 Dec Week Ago Month Ago Year Ago
Call Rate 6.70% 5.75% 6.25% 6.20%
Repo 6.50% 6.50% 6.50% 6.50%
10 Yr Gilt^ 6.74% 6.72% 6.83% 7.16%
91-D T Bill^ 6.47% 6.42% 6.44% 6.93%
182-D T Bill^ 6.61% 6.53% 6.61% 7.09%
364-D T Bill^ 6.58% 6.54% 6.58% 7.09%
1-mth CP rate 7.50% 7.38% 7.34% 8.40%
3-mth CP rate 7.45% 7.40% 7.46% 7.95%
6-mth CP rate 7.70% 7.65% 7.73% 8.00%
1 yr CP rate 7.85% 7.80% 7.79% 8.25%
1-mth CD rate 7.25% 7.13% 6.80% 7.57%
3-mth CD rate 7.20% 7.13% 7.14% 7.44%
6-mth CD rate 7.45% 7.38% 7.40% 7.70%
1 yr CD rate 7.58% 7.48% 7.54% 7.80%
Yields (%) Gsec* AAA AA+ AA AA- A+
6 month 6.61 7.56 8.34 8.35 9.61 10.06
1 Year 6.67 7.53 8.31 8.32 9.58 10.03
3 Year 6.68 7.29 8.07 8.08 9.34 9.79
5 Year 6.67 7.24 8.13 8.15 9.40 9.85
10 Year 6.74 7.12 8.01 8.03 9.28 9.73
G-sec and corporate bonds data as of 16th Dec 2024
^Weighted Average Yield. *Weighted average yields for G-sec data 6 month G-sec: 182 day T-Bill rate; 1 year G-Sec:
05.63% GS 2026; 3 year G-Sec: 7.38% GS 2027; 5 year G-Sec: 07.04 GS 2029; 10 year G-Sec: 06.79 GS 2034
Auctions/ Money market operations
Date Description Amount (Rs Cr)
16th Dec 2024 G-sec auction 30,000 (Notified)
15th Dec 2024 Total repo 2,630 (outstanding)
15th Dec 2024 Total Reverse Repo 1,50,019 (outstanding)
15th Dec 2024 Marginal Standing Facility 30,643
15th Dec 2024 GOI Surplus Cash Balance with RBI 0
 Other News

• India wholesale prices eased by 1.89% in November, compared to a 2.36% gain in October.
• India HSBC Manufacturing Flash PMI rose to 57.4 in December from a final 56.5 in November
while Services Flash PMI edged up to 60.8 from 58.4 and composite flash PMI increased to 60.7
compared to a final 58.6.
• India's merchandise trade deficit in November widened to an all-time high of $37.84 billion from
$27.1 billion in October.
• The Maharashtra government tabled supplementary demands of Rs 33,788.40 crore, with a
provision of Rs 1,400 crore for the Mukhyamantri Majhi Ladki Bahin scheme
• Union food minister Pralhad Joshi launched a Rs 1,000 crore credit guarantee scheme to help
farmers easily access post-harvest loans by leveraging electronic warehouse receipts.
• Sebi proposed using DigiLocker, a government digital storage system, to make it easier to
manage and transfer financial assets when someone passes away.

Economic Indicators
YoY (%) Current Quarter Ago Year Ago
5.48% 3.65% 5.55%
Monthly Inflation (CPI)
(Nov-24) (Aug-24) (Nov-23)
3.5% 4.8% 11.9%
IIP
(Oct-24) (Jul-24) (Oct-23)

5.4% 6.7% 8.1%

GDP
(Jul-Sep FY’25) (Apr-Jun FY’25) (July-Sep FY’24)

1.89% 1.31% 0.26

Monthly Inflation (WPI)
(Nov-24) (Aug-24) (Nov-23)

Key announcements in the month Release Date

Japan Interest Rate Decision December 18
US GDP Growth Rate,Q3 December 19
Japan Inflation Rate, Nov December 20

Commodity Prices Current Week Ago Month Ago Year Ago

London Brent Crude Oil ($/bbl) 73.91 72.14 71.04 76.55

Gold (Rs/10 gms) 76908 76692 73739 62367

Silver (Rs/1kg) 89515 91800 87103 74273

 International Updates

• US S&P Global Manufacturing PMI Flash declined to 48.3 in December from 49.7 in November,
while S&P Global Services PMI Flash increased to 58.5 compared to 56.1 and S&P Global
Composite PMI Flash increased to 56.6 from 54.9.
• Eurozone HCOB Manufacturing Flash PMI was at 45.2 in December, unchanged from November,
while HCOB Services Flash PMI rose to 51.4 from 49.5 and HCOB Composite Flash PMI increased
to 49.50 in December from 48.30 in November.
• Currencies Vs INR

16 Dec 13 Dec Change

USD 84.87 84.79 -0.08

GBP 107.39 107.18 -0.21

Euro 89.15 88.93 -0.22

100 Yen 55.18 55.26 0.08

16 Dec Week Ago Month Ago Year Ago

US 10-yr yield (%) 4.39 4.20 4.43 3.91

UK 10-yr yield (%) 4.44 4.27 4.47 3.69

German 10-yr (%) 2.24 2.12 2.35 2.03

Japan 10-yr (%) 1.07 1.05 1.07 0.70

16 Dec 1 Day 1 Mth 1 Year

DJIA 43717 -0.25 0.63 17.19

Nasdaq 20174 1.24 8.00 36.18

FTSE 8262 -0.46 2.46 9.05

Nikkei 39457 -0.03 2.11 19.67

Hang Seng 19795 -0.88 1.90 17.89

Strait Times 3821 0.28 2.04 22.61

Source: Domestic Indices - NSE, BSE, FII / MF (Equity) – SEBI, Domestic Derivative Statistics – NSE, Currency
Movement – RBI, Reuters, Domestic Economic Indicators – CRISIL Center for Economic Research, Domestic Fixed
Income Numbers – CRISIL Fixed Income Database, RBI Commodity Prices – Reuters, IBJA, International Indices –
Respective websites, Market summaries, global bond yields, domestic and international news – CRISIL Research,
Financial websites
Abbreviations: FII (Foreign Institution Investors), CPI (Consumer Price Index), WPI (Wholesale Price Index), P/E
(Price/Earnings ratio), CP (Commercial Papers), CD (Certificate Of Deposits), G-sec (Government Securities), MTD –
Month to Date, YTD – Year to Date
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