Indian equities enter the holiday-shortened week with a mixed backdrop: domestic momentum has steadied after the Nifty recovered from a short correction, while the rupee showed tentative strength near Rs 90-mark, following central-bank intervention amid heavy year-to-date foreign outflows. Headline inflation in India remains benign, with the provisional CPI for November coming in at 0.71%. This provides room for further policy easing by the RBI.
Globally, softer US consumer prices eased recession fears and supported risk appetite. At the same time, the Bank of Japan moved to raise rates, underscoring rising policy divergence that may pressure Asian FX and fund flows. China’s trade surplus widened sharply in November, highlighting export resilience even as domestic demand softens.
Given these mixed cues, investors may favour structurally positive themes, while monitoring global macro volatility and policy developments.
In India, the year-on-year change in the infrastructure output for the month of November would be announced on Monday (22 December 2025). The The infrastructure output in India was unchanged from the previous year in October of 2025, holding the upwardly revised 3.3% increase in the previous month. It was the first period without expansion in 14 months, reflecting some pressure from the aggressive tariffs on India passed by the US which drove multiple businesses to announce cuts in capacity.
On Wednesday (24 December 2025), the M3 Money Supply for the week ended on December 12 would be made public. The Money Supply M3 in India increased to Rs 291,363.75 billion in the week ending November 28 from Rs 289,454.93 billion two weeks before.
On Friday (26 December 2025), the year-on-year growth in bank loans for the week ended on December 12 would be announced. The value of loans in India increased 11.5 percent year-on-year in the fortnight ending November 28, 2025.
On the same day, annual growth in deposits for the week ended on December 12 would also be made public. The value of deposits in India increased 10.2 percent year-on-year in the fortnight ending 28 November 2025.
Friday would also see the release of the value of the Foreign Exchange Reserves for the week ended on December 19. Foreign Exchange Reserves in India increased to $687,260 million in December 5 from $686,230 Million in the previous week.
In China, the Loan Prime Rate for 1-year and 5-year tenors would be unveiled on Saturday (20 December 2025). The People’s Bank of China (PBoC) kept key lending rates at record lows for a sixth consecutive month in November. The one-year Loan Prime Rate (LPR) remained at 3.0%, while the five-year LPR was held at 3.5%.
In the United States, the second estimate of the quarterly growth rate for the third quarter GDP would be released on Tuesday (23 December 2025). The The US economy expanded an annualized 3.8% in Q2 2025, much higher than 3.3% in the second estimate, and marking the strongest performance since Q3 2023. The stronger-than-anticipated figure primarily reflected an upward revision to consumer spending.
The preliminary estimates for quarterly growth rate of corporate profits for the third quarter would be announced on the same day. Corporate profits in the United States increased by 0.2% from the previous period to $3.259 trillion in the second quarter of 2025, less than preliminary estimates of a 2% rise and after a revised 0.6% fall in Q1.
Tuesday would also see the release of the weekly ADP Employment data. The US private employers added an average of 16,250 jobs per week in the four weeks ending November 29, 2025, following a downwardly revised average gain of 2,750 jobs in the previous period.
On Wednesday (24 December 2025), the API Crude Oil Stock Change for the week ended on December 19 would be made public. The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw yet another large draw, this time of 9.3 million barrels in the week ending December 12. Crude oil inventories shrank by 4.8 million barrels in the week prior.
The initial jobless claims for the week ended on December 20 would also be released on the same day. Initial jobless claims in the US decreased by 13,000 from the previous week to a seasonally adjusted 224,000 for the period ending 13 December 2025, reversing the prior week's upwardly revised 237,000. The modest decline suggests labor market conditions remained broadly stable in December.