market-summery-24jan

Summary of the Market

On January 23, the benchmark Nifty Index rose by 0.22% to close at 23205.3. The Nifty Midcap150 Index rose by 1.78% to close at 20047.9. The Nifty Smallcap250 Index fell by 0.81% to close at 16352.8. The Nifty Total Market Index rose by 0.65% to close at 12143.2.The 10yr yield rose by 1bps to close at 6.76%. The rupee lost0.06% to close at 86.44 against the US Dollar.

Important Notables

  • ​Retail inflation for agricultural and rural laborers eased in December, with CPI-AL and CPI-RL dropping to 5.63% and 5.9%, respectively, reports ET.
  • ​India to increase farm budget by over 15%, the biggest hike in six years, with agriculture allocation expected to surpass ₹1.6 lakh crore in the upcoming FY26 budget, reports ET.
  • Bank lending outpaces deposit growth, rising 11.5% year-on-year as of January 2025, reports ET.
  • RBI announces a ₹2 trillion overnight VRR auction to manage liquidity, targeting short-term liquidity needs in the banking system, reports ET.
  • ​The Telangana government has secured MoUs worth ₹1.79 trillion at the WEF in Davos, reports BS.
  • Chhattisgarh secures ₹6,000 crore investment proposals in sectors like plastic, textile, IT, and food processing at the Investor Meet, reports BS.
  • ​Domestic investment announcements have exceeded ₹37 lakh crore in the past two years, according to an SBI report, reports ET.
  • ​The Indian rupee has depreciated by 20% over the past five years, making it the weakest currency in Southeast Asia, according to Moody's Analytics, reports BS.

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