Marketing Highlights
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 gained 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.
