What Could Drive A Santa Claus Rally In December 2024? Here's What Could Fuel It!

Is the much-anticipated Santa Claus Rally on the cards for December 2024? Chakri Lokapriya, Managing Partner at RedStrawBerry LLP, shares his expert insights into what could fuel this market phenomenon. Globally, optimism is high, with factors such as potential rate cuts in the US and positive market sentiment under Trump boosting prospects for Indian export sectors like pharmaceuticals and textiles. However, for the rally to gain momentum domestically, Chakri Lokapriya highlights the critical need for an early repo rate cut by the RBI to support growth in India’s IT and corporate sectors, rather than waiting until February. Watch this video for a detailed analysis of the factors shaping the global and Indian markets and how they could set the stage for a rally this December.