Motilal Oswal Global Dashboard – December 2024

The Motilal Oswal Global Market Snapshot provides a quick glance at index performances and economy updates from the Indian & global markets.

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Indian Market Update

• The Nifty 500 Index recorded a significant decline of 1.37% in December 2024, reflecting broad market weakness.
• Healthcare and IT sectors emerged as the top contributors with returns of 0.29% and 0.07%, respectively, while Financial Services and Energy sectors dragged the index down with contributions of 0.42% and 0.37%.
• Defensive sectors like Healthcare outperformed, whereas cyclical sectors, particularly Financial Services and Energy, underperformed amid broader market sell-off.

Global Market Update

• The S&P 500 Index declined sharply by 2.50% in December 2024, driven by significant weakness across major sectors.

• IT and Communication Services were the key positive contributors, 0.36% and 0.31% respectively, while Financials and Industrials led the decline, 0.78% and 0.70% respectively. The index’s negative performance was largely attributed to declines in Financials, Industrials, and Healthcare, which outweighed modest gains from IT and Communication Services.

• Growth-oriented sectors like IT showed resilience, whereas value-heavy sectors such as Financials and Industrials underperformed significantly.

• In December, Gold and Silver declined by 1.58% and 5.85%, respectively.

• Bitcoin fell by 2.92%, and Ethereum declined by 6.80%, reflecting subdued performance for digital assets during the month.

Economic Indicators

• Inflation eased to 5.48% in November, down from 6.21% the previous month, reflecting a moderation in price pressures.
• GST collections reached ₹1.77 lakh crore in December, reflecting strong economic activity and marking consistent growth in tax revenues.
• Inflation in the US slightly increased to 2.70% in November, maintaining a controlled trend within the Federal Reserve’s target range.
• The unemployment rate in the US remained steady at 4.2%, suggesting a stable labor market despite ongoing economic challenges.