Market1

Summary of the Market

Closing at 24435.5 on October 23, the benchmark Nifty Index dropped 0.15%. Rising by 0.51%, the Nifty Midcap 150 Index closed at 20985.2 Rising by 1.04%, the Nifty Smallcap250 Index closed at 17456.2 Rising by 0.15% the Nifty Total Market Index closed at 12871.2 The ten-year yield dropped one bps to close at 6.77%. Closing at 84.09 against the US Dollar, the rupee fell 0.02%.

Important Notables

  • The Department of Consumer Affairs announced the expansion of its subsidised pulses program, introducing change whole and masur dal under the 'Bharat brand, reports FE the brand, and has imposed ars-dur warmer prices to remes in rice exports, so curbing the rise in prices of pulses.
  • To mitigate damage to local industry reports, the government has imposed anti-dumping taxes on imports of goods from China at below-normal prices.
  • The government eliminated the floor price for non-beatrice shipments, lifted curbs on rice exports, and exempted brown and paralled from perduty reports.
  • 85 FP kept up their record-breaking pace of sales, offending shares valued at 5.564 crores on Wednesday, bringing the total selloff for October to $10.6 billion.
  • NSD documents Bl E T To Based on botter wharf arrivals and growing prospects of a good bite, India's food inflation is expected to relax by G4 of FY25, underlined the RB's test report, reports ET.
  • Given subalpine global prices, India's finance ministry is thinking about eliminating the windfall tax on crude oil production.
  • Reports ET Mostly driven by crude oil cargo shipments and an increase in mixed goods, major port cargo increased by 0% in September at 65 million metric tonnes.
  • Industry body Asia-Pacific Carbon Black Confederation said on Wednesday that it estimates that the global carbon black market will rise by 50% to reach USD 42 by 2002.

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