market-summery-6nov

Summary of the Market

On November 0​5, the benchmark Nifty Index rose by 0.91% to close at 24213.3. The Nifty Midcap150 Index rose by 0.46% to close at 20862.1. The Nifty Smallcap250 Index rose by 0.48% to close at 17694.7. The Nifty Total Market Index rose by 0.71%to close at 12794.5. The 10yr yield ​remained unchanged at 6.8%. The rupee remained unchanged at 84.11 against the US Dollar.

Important Notables

  • On Tuesday, NTPC announced that its board has approved investment proposals totaling approximately Rs 80,000 crore for thermal projects with a combined capacity of 6,400 MW, according to ET reports.
  • In October, the renewable energy sector gained significant momentum with the issuance of 16 new tenders, collectively totaling a capacity of 11,098 MW, according to BL reports.
  • The Ministry of Statistics and Programme Implementation has announced a change in the release time for CPI and IIP, moving it from 5:30 PM to 4:00 PM on the 12th of every month, according to Moneycontrol reports.
  • On Tuesday, the government imposed an anti-dumping duty on welded stainless-steel pipes and tubes imported from Vietnam and Thailand, following the recommendations of the Directorate General of Trade Remedies, according to ET reports.
  • By December, the Centre's capex loan disbursement to states is expected to reach approximately Rs 90,000 crore, which is nearly two-thirds of the FY25 target of Rs 1.5 lakh crore, according to FE reports.
  • India's food grain production is expected to reach a record 164.7 million tonnes in the 2024-25 kharif season, marking a year-on-year increase of 5.4%, the Ministry of Agriculture announced on Tuesday while releasing the first advance estimate, according to FE reports.
  • The RBI has been actively managing surplus liquidity in the banking system to align the weighted average call rate with the repo rate of 6.50%, according to ET reports.
  • India has seen the second-highest rise in domestic airfares in the APAC and West Asian regions, with a 43% increase in the first half of 2024 compared to pre-pandemic levels in 2019, according to BS reports.

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