Approaches Indian Equity
• The grand equity indices are higher as investors’ risk appetite improved after a South African study showed that hospitalization risk of the omicron variant is a smaller amount compared with the previous delta variant.
Indian Debt
• The RBI conducted a 4-day variable-rate reverse repo auction for a complete of Rs 2 lakh cr.
• Govt. bond prices are flat as the monetary policy meeting came in line with expectations.
• The yield of the 10-year benchmark 6.10% 2031 bond ended flat at 6.46%.
Capital Market
• NSE revised Options contracts on Bank Nifty index to 4 from 7 from January 21, 2022.
• REC secured a $169.5 mn term loan from KfW Development Bank to finance the company’s solar PV tech based power generation projects.
• Indian Oil will invest Rs 9028 cr to create a brand new fossil fuel pipeline between Mundra in Gujarat and Panipat in Haryana.
• Markets nowadays open on a firm base and then go to the top gear with time.
• Many stocks from the Nifty50 packing advanced.
• All Nifty sectoral indices swinging in the green.
Regulatory
• RBI extended by six months the December 31 deadline for card-on-file (CoF) tokenization.
• SEBI reorganized its three advisory committees pertaining to the secondary market, mutual funds, and the company bonds and securitization.
• SEBI approved Blackstone Group deal can accumulate 71% in ASK Investment Managers.
• SEBI signed the improved multilateral memorandum of understanding (EMMoU) of the alignment of Securities Commissions.
Economy and Government
• Prime Minister Narendra Modi launched 27 projects worth Rs 2095cr in Varanasi.
• Federation of Indian Export Organizations (FIEO) said that fiscal 2022 might end with merchandise exports of $400 bn but the aim for the following fiscal year is $460-475 bn.
• Government and German’s development bank KfW inked pacts for a 140mn euro reduced interest loan and a two mn euro grant for an energy reform programmed in Madhya Pradesh.
• Government is in executing mode on various amendments offered on to the insolvency law.
• Government came out with an advisory to carmakers to introduce flexible-fuel engines in vehicles.
• Government can spend approximately Rs 20 thousand cr to acquire COVID-19 vaccines at no cost and will supply them to states and Union territories.
