Equity Market Update
- India's Services Purchasing Managers' Index (PMI) grew at the slowest pace in more than two years in January 2025 due to slower growth in sales and output. The index recorded a drop from 59.3 in December 2024 to 56.5 in January 2025, marking its lowest level since November 2022.
- The Manufacturing Purchasing Managers' Index (PMI) increased from 56.4 in December 2024 to 57.7 in January 2025, signalling growth in sector activity. This marked the fastest pace of expansion since July and exceeded the long-term average.
- India's retail inflation, as measured by the Consumer Price Index (CPI), was 4.31% in January 2025, marking a notable decline from 5.22% in December 2024.
- India's Wholesale Price Index (WPI)-based inflation fell to 2.31% in January 2025, mainly driven by higher prices of food products, food articles, other manufactured goods, non-food articles, and textiles, as per data released by the Ministry of Commerce and Industry on Friday. This is slightly lower than the WPI rate of 2.37% in December 2024.
- The Indian economy maintained its strong performance in the fourth and final quarter of the year, with GST collections increasing by 9.1% to ₹1.84 lakh crore in February 2025, compared to ₹1.96 lakh crore in the previous month.
- Indian equity indices experienced a notable drop due to global events, with the Nifty and Sensex ending the month 5.89% and 5.55% lower, respectively.
Past performance may or may not be sustained in future and is not a guarantee of any future returns, and should not be used as a basis of comparison with other investments. Index performance does not signify scheme performance Investors should consult their financial advisers if in doubt about whether the product is suitable for them.