The market update for India in December 2021, with a focus on the construction sector, is as follows.

  • Crude Steel production in India remained stable at 9.8 million MT in November 2021.
  • After rising continuously since July 2021, retail prices of TMT rebars in Tamilnadu fell by ~ Rs. 4,000 per ton to Rs. 79,500 per ton in December 2021.
  • After a substantial jump in October 2021, cement prices fell steeply to Rs. 405 per bag in December 2021.
  • Crude oil prices India rose by 9.0% from USD 70.8 per barrel in Nov 2021 to USD 77.2 per barrel in December 2021.

  • The benchmark stock market indices, BSE Sensex & Nifty 50, increased by ~ 2% in December.
    • The Consumer Confidence Index of the RBI increased to 62.3, its highest value since May 2021. This indicates consumers feeling optimistic about the future.
    • Gold prices increased by ~ Rs. 10 to Rs. 4,751 per gram by the end of 2021.