US Stock Market Forecast: The final week of December 2024 brings a holiday-shortened trading period in the US, with markets closed mid-week and low trading volumes expected. Historically, such thin trading often favours upward movement, but investors should brace for some profit-taking after the recent rally. The PCE report has reassured markets, and retreating bond yields are supporting bullish sentiment. However, any reversal in yields could disrupt this trend.
Outlook: Slightly Bullish Key Watchpoint: Bond yields Advice: Stay nimble during low-volume trading.
Indian Stock Market Forecast: The Indian markets face cautious sentiment after their sharpest weekly drop since mid-2022. Global cues, domestic economic data, and foreign investment flows will remain crucial factors. Additionally, a surge in IPO activity across main and SME platforms will dominate attention. Investors should closely track US Treasury yields and global oil prices, which often dictate market direction.
Outlook: Mixed, with IPO-driven opportunities Key Watchpoints: IPO listings, economic data, US yields, oil prices Advice: Balance exposure across sectors; watch global cues closely.

US stocks eye mild gains; India awaits key IPOs, economic data for direction

Year-End Markets: US Bullish, India Faces Uncertainty

US stocks eye mild gains; India awaits key IPOs, economic data for direction

December 22, 2024 | 11:47 IST