market-summery-11jan

Summary of the Market

On January 07, the benchmark Nifty Index rose by 0.39% to close at 23707.9. The Nifty Midcap150 Index rose by 0.87% to close at 21060.8. The Nifty Smallcap250 Index rose by 1.41% to close at 17702.6. The Nifty Total Market Index rose by 0.59% to close at 12617.0.The 10yr yield fell by 2bps to close at 6.75%. The rupee lost0.15% to close at 85.74 against the US Dollar.

Important Notables

  • ET reports that India's FY25 fiscal deficit calculations might be affected as the economy is now forecasted to grow by 9.6%, lower than the 10.5% projected in the budget.
  • ET reports that wheat prices have jumped over 8% in just two weeks, reaching ₹32-33 per kg in wholesale markets, sparking inflation concerns.
  • BS reports that analysts at India Ratings expect Indian banks' profitability to moderate in FY26 due to delinquencies from over-leveraged unsecured assets and rising unsecured credit costs.
  • BS reports that India's fuel consumption in December increased by 2.1% YoY to 20.67 million metric tons, the highest level since May, according to oil ministry data on Tuesday.
  • Moneycontrol reports that India is witnessing one of the lowest hotel supply levels in FY24, with average room rates set to hit new highs.
  • Moneycontrol reports that India's GDP is projected to grow at a four-year low of 6.4% in FY25, according to the government's first advance estimates.
  • Moneycontrol reports that the investment rate in FY25 likely dropped to a three-year low of 30.1%, while consumption and agriculture outperformed pre-pandemic levels.
  • Indian Express reports that the RBI has directed credit bureaus and banks to pay ₹100 per day as compensation for delays in updating data.

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
While all efforts have been taken to make this web site as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in the Mutual Funds Sahi Hai web site.