Weekly Market Insights: 23rd January 2022

by Anushi Jain

Broader markets faced an extremely choppy week amid global selling pressure, weak economic cues and mixed results across industries.

Weekly Movement of Key Indices

U.S markets have fallen more steeply since the start of the year with S&P 500 down 8% and Nasdaq down 13%. Further correction might be expected in Indian markets as they play catch up to the global scenario. FIIs continued their selling in the week adding to the pressure.

Key market moving events for the week will be the Fed Monetary Policy meet to be held on 25-26 January. Index heavyweights like Reliance and ICICI Bank also announced positive results over the weekend which could lend some relief to markets.

Weekly Movement of Key Sectoral Indices

Following suit with the global sell-off in tech stocks, Nifty IT also dropped significantly in the week. While all sectors ended in the red, banks and auto saw less volatility than the headline benchmarks.

Mutual Fund Industry Highlights

Despite weakness in markets, strong inflows and folio additions continue in the mutual fund industry. 22.05 lakh new SIPs had been registered while32.16 lakh folios were added in Dec 2021

In the last 1 year alone, the new folio count increased by 27%

NFOs currently open

  • Aditya Birla Sun Life Silver ETF FOF
  • Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund
  • ICICI Prudential Silver ETF FOF
  • ICICI Prudential Strategic Metal and Energy Equity Fund of Fund
  • Mirae Asset Nifty India Manufacturing ETF Fund of Fund
  • Motilal Oswal Nifty 200 Momentum 30 Index Fund
  • Nippon India Silver ETF FOF
  • Samco Flexi Cap Fund
  • UTI Sensex Index Fund