Weekly Market Insights: 16th Jan 2022

by Anushi Jain

Broader markets rallied through the week with Nifty 50 entering the 18,000 zone again. Smallcaps, once again led the rally.

Weekly Movement of Key Indices

U.S inflation data released the past week. The number stood at 7%, which is the highest it has been in 4 decades. India also released December inflation numbers in the week. Retail inflation (CPI) stood at 5.59%, lower than forecasts. The number was the highest in 5 months.

The high inflation number spooked U.S markets with tech stocks facing the maximum brunt. Indian equities, on the other hand displayed positive sentiment despite the data.

The high inflation numbers coming out of the U.S are making interest rate hikes more evident and could possibly be more aggressive as well.

Weekly Movement of Key Sectoral Indices

All sectors ended the week in green except FMCG. Key sectors that are anticipating reforms in budget moved the most during the week like PSUs, real estate and infrastructure.

NFOs currently open

  • Aditya Birla Sun Life Silver ETF FOF
  • Axis CPSE Plus SDL 2025 70 30 Debt Index Fund
  • ICICI PRUDENTIAL SILVER ETF FUND OF FUND
  • Mirae Asset Nifty India Manufacturing ETF Fund of Fund
  • Nippon India Silver ETF FOF
  • Axis Nifty Next 50 Fund
  • SBI CPSE Bond Plus SDL Sep 26 50 50 Index Fund