Marketing Highlights
Summary of the Market
On March 03, the benchmark Nifty Index fell by 0.02% to close at 22119.3. The Nifty Midcap150 Index rose by 0.16% to close at 17778.6. The Nifty Smallcap250 Index fell by 0.64% to close at 13755.9. The Nifty Total Market Index rose by 0.05% to close at 11175.4. The 10yr yield rose by 2 bps to close at 6.75%. The rupee gained 0.1% to close at 87.29 against the US Dollar.
Important Notables
- BS reports that central government-owned major ports have grown just 3.14% in FY25 so far, hindered by a 19% drop in iron ore cargo and declining crude oil consignments.
- BS reports that the Centre’s capital expenditure in January 2025 saw a YoY rise of over 51%, driven by spending on railways, state transfers, and defence capital outlay, according to CAG.
- ET reports that foreign direct investment in India declined 5.6% YoY to USD 10.9 billion in Q4 2024 amid global uncertainties.
- Mint reports that India’s power consumption rose slightly to 131.54 billion units (BU) in February, up from 127.34 BU a year ago.
- BS reports that Amazon Web Services will invest $8.2 billion in Maharashtra by 2029-30 to enhance compute facilities and cloud management services.
- Mint reports that the HSBC India Manufacturing PMI, compiled by S&P Global, dropped to 56.3 in February from 57.7 in January.
- BS reports that the Uttar Pradesh government plans to double maize production to 2.73 million tonnes by 2027.
- ET reports that credit monitoring by women in India rose 42% in 2024, driven by higher credit penetration in semi-urban and rural areas and among borrowers under 30.
