market-summery-29jan

Summary of the Market

On January 28, the benchmark Nifty Index rose by 0.56% to close at 22957.2. The Nifty Midcap150 Index fell by 0.69% to close at 19019.1. The Nifty Smallcap250 Index fell by 1.82% to close at 15135.1. The Nifty Total Market Index fell by 0.01% to close at 11776.8.The 10yr yield remained unchanged at 6.7%. The rupee lost 0.28% to close at 86.55 against the US Dollar.

Important Notables

  • ​CBIC clarifies that GST will not apply to penal charges by banks and NBFCs or transactions up to ₹2,000 processed by payment aggregators on online platforms, reports ET.
  • India's semiconductor market is set to rise from $52 billion (₹4.5 lakh crore) in 2024 to $103.4 billion (₹9 lakh crore) by 2030, reports FE citing IESA./li>
  • FICCI survey backs revising direct tax structures in the Union Budget 2025-26 to drive consumption and growth, reports ET.
  • India to launch the National Critical Mineral Mission with an outlay of ₹15,000-20,000 crore, reports BL.
  • ​Bajaj Auto's exports rebounded, crossing 500,000 units for the first time in nine quarters, reports Moneycontrol.
  • NMDC plans a ₹70,000 crore capex over five years to boost production to 100 Mt by 2030, upgrade evacuation infrastructure, and strengthen its digital ecosystem, reports ET.
  • Ind-Ra forecasts a 5-6% YoY rise in property prices for FY 2024-25, moderating to 3-4% in FY 2025-26 due to base effects and new launches, reports BS.
  • ​JSW Group inks MoU with the Odisha government to establish a 5-MTPA steel plant in Keonjhar, reports ET.

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