market-summery-16jan

Summary of the Market

On January ​15, the benchmark Nifty Index ​rose by 0.16% to close at 23213.2. The Nifty Midcap150 Index ​rose​ by 0.36% to close at 19955.4. The Nifty Smallcap250 Index ​rose by 0.52% to close at 16508.9. The Nifty Total Market Index ​rose by 0.32% to close at 12152.9.The 10yr yield fell by 2bps to close at 6.82%. The rupee ​g​ained 0.17% to close at 86.42 against the US Dollar.

Important Notables

  • ​India's merchandise trade deficit narrowed to $21.94 billion in December, down from a record $31.86 billion in November, as gold imports halved to $4.7 billion, reports BS.
  • Indian companies' foreign borrowings fell 20.2% to $23.33 billion in 2024, down from $29.22 billion the previous year, reports BS.
  • India is expected to see a surge in green investments in infrastructure over the next 5 years, with an estimated Rs 31 lakh crore anticipated in the sector by 2030, according to a Crisil report, reports ET.
  • State-owned Bank of Baroda raised Rs 5,000 crore through ten-year infrastructure bonds with a coupon rate of 7.23%, reports BS.
  • Domestic wholesale sales of two-wheelers have declined for two consecutive months, marking the first such decline in over a year, reports BL.
  • India's diesel exports to Europe have dropped significantly, prompting suppliers to shift their focus to Africa and Asia, reports ET.
  • NIPL has partnered with UAE-based Magnati to introduce UPI merchant payments through POS terminals in the Middle East, allowing Indian travelers to use UPI in the UAE, reports ET.
  • Major electric vehicle manufacturers, including Tata Motors, M&M, and Ola Electric, are facing mounting margin pressures as the depreciating rupee inflates their input costs, reports FE.

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