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Stocks Ease Into Christmas Break, RBI Sets Year-End Liquidity Support

RBI will inject liquidity through OMO purchases plus a USD swap window from Dec. 29 to Jan. 22.

Overview

  • On Dec. 24, the Sensex fell 116.14 points to 85,408.70 and the Nifty slipped 35.05 points to 26,142.10 in a low-volume, holiday-week session.
  • Market breadth was negative, with BSE Midcap down 0.37% and Smallcap down 0.14%, and overall market capitalisation dropping below Rs 475 lakh crore.
  • Most sectors declined, led by Oil & Gas, IT and Pharma, while Media, Realty and Metal logged modest gains.
  • BSE and NSE are shut today for Christmas, with MCX and NCDEX also closed, and trading set to resume Friday.
  • The RBI announced Rs 2 lakh crore of government bond purchases and a USD 10 billion buy/sell swap to ease banking system liquidity between Dec. 29 and Jan. 22.