Pre Market Commentary 13 Jan 2025

Positives:

1.  December numbers signal improving microfinance situation.
2. Fiscal consolidation set on cruise control. Glide path may take FY25 deficit to 4.7%-4.8%, beating target. 
3.  In FY25, Govt may save over Rs. 70k crores on expenditure. 

Negatives:

1. FPIs withdraw Rs. 22194 crores in January amid weak earnings. 
2. Dow Jones down almost 600 points, on Friday session. 
3. Dollar Index at 26 month high at 109. 
4. Crude oil rises above $81 on account of US sanctions on Russia.