market-summery-23jan

Summary of the Market

On January 22, the benchmark Nifty Index rose by 0.57% to close at 23155.3. The Nifty Midcap150 Index fell by 1.25% to close at 19696.9. The Nifty Smallcap250 Index fell by 1.6% to close at 16220.8. The Nifty Total Market Index rose by 0.22% to close at 12064.7.The 10yr yield remained unchanged at 6.75%. The rupee gained 0.25% to close at 86.38 against the US Dollar.

Important Notables

  • SEBI proposes bit-sized SIPs of ₹250 to expand mutual fund reach in underserved sections, reports BS.
  • Smartphones have become India’s second-largest export category, as per WTO’s harmonized system codes for international trade, reports BS.
  • Vedanta Limited plans to raise ₹4,000 crore through rupee-denominated non-convertible debentures, offering a 9.75% return to investors, reports ET.
  • India plans to form a consortium with public sector enterprises' equity participation to bid for operating overseas port assets, reports ET.
  • ​Domestic air passenger traffic rose 6.12% year-on-year in 2024 to 161.3 million, as per Directorate General of Civil Aviation data, reports BS.
  • The government has increased the MSP of raw jute by 2.35 times to ₹5,650/quintal for the 2024-25 season, up from ₹2,400/quintal in 2014-15, reports FE.
  • BSNL, which gained mobile users following private telecom operators' tariff hikes in July last year, is now witnessing subscriber losses, reports FE.
  • EVs and hybrid vehicles are affecting India’s petrol and diesel consumption, which makes up over 60% of refined product usage in the world’s third-largest crude oil consumer, reports BL.

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.