market-summery-28jan

Summary of the Market

On January 27, the benchmark Nifty Index ​f​ell by 1.14% to close at 22829.2. The Nifty Midcap150 Index ​f​ell sharply​ by 2.83% to close at 19152.1. The Nifty Smallcap250 Index fell sharply​ by 3.66% to close at 15416.3. The Nifty Total Market Index ​f​ell by 1.97% to close at 11777.6.The 10yr yield ​f​ell by ​5​ bps to close at 6.7%. The rupee ​lost 0.05% to close at 86.31 against the US Dollar.

Important Notables

  • ​ET reports that India is expected to add around 8,000 MW of thermal power capacity by the end of this financial year, falling short of the 15,000 MW target due to project commissioning delays.
  • BS reports that India's finished steel imports from China reached a 7-year high in the first nine months of the financial year starting in April.
  • BS reports, based on a Reuters poll, that the Indian government will adhere to the borrowing and spending targets outlined in its Feb. 1 budget, despite a sharp economic slowdown.
  • ET reports that motorcycle and scooter sales in India are expected to grow by 8-10% next fiscal, fueled by strong rural demand, decreasing urban inflation, and more wedding dates.
  • ​Mint reports, citing government sources and a document reviewed by Reuters, that India will abandon its privatization plans and invest billions in state-run firms.
  • ET reports that the Indian government has upgraded the electronic certificate of origin system to streamline export certification and boost trade efficiency.
  • ET reports that UPI has revolutionized India's digital payment landscape, accounting for 83% of total payment volume by 2024, up from 34% in 2019.
  • ​BS reports that India's central bank announced several measures on Monday to inject liquidity into the banking system, including bond purchases and dollar/rupee swaps.

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.