Marketing Highlights
Summary of the Market
On March 04, the benchmark Nifty Index fell by 0.17% to close at 22082.7. The Nifty Midcap150 Index rose by 0.16% to close at 17807.3. The Nifty Smallcap250 Index rose by 1.15% to close at 13914.1. The Nifty Total Market Index rose by 0.16% to close at 11192.8. The 10yr yield rose by 3 bps to close at 6.78%. The rupee gained 0.18% to close at 87.14 against the US Dollar.
Important Notables
- ET reports that the RBI has ordered large finance companies to halt credit line renewals for businesses over concerns of disguised borrower stress.
- BS reports that FM Nirmala Sitharaman affirmed the government’s commitment to regulatory simplification and plans to introduce Jan Vishwas Bill 2.0 to decriminalize over 100 provisions.
- FE reports that the real estate sector is set for a record ₹60,000 crore in project launches by top listed developers in Q4.
- BS reports that high US tariffs on China, Mexico, and Canada are expected to boost Indian exports to American markets.
- FE reports that states have borrowed ₹50,505 crore through state development loans (SDL), marking their highest borrowing in FY25 so far.
- BS reports that free trade agreement tariff concessions cost India ₹94,172 crore in FY25.
- ET reports that the RBI’s $15 billion dollar-rupee swaps are helping Indian companies secure cheaper overseas loans.
- BS reports that Adani Wilmar will acquire GD Foods to expand its value-added products portfolio.
