Key Events for the Month of January 2023:

• Nifty (-2.4%) moved down sharply in last few days of January.

• India's CPI based inflation in December eased marginally to 5.7%. The WPI declined to 4.95% in December 2022, mainly due to fall in prices of food articles and crude petroleum.

• GST revenue collected in the month of January 2023 INR 1.55 trillion

• FIIs were net sellers in the month of January 2023 to the tune of $3.7bn and DIIs bought to the tune of $4.0bn.