market-summery-18nov

Summary of the Market

On November ​1​4, the benchmark Nifty Index fell by 0.​1​1% to close at 23532.7. The Nifty Midcap150 Index ​r​ose by 0.​47% to close at 20105.2. The Nifty Smallcap250 Index ​r​ose by 0.79% to close at 16801.6. The Nifty Total Market Index ​r​ose by 0.2​5%to close at 12381.9. The currency markets were closed.

Important Notables

  • India's Sugar Production Drops 44% to 7.10 Lakh Tonnes in First Six Weeks of 2024-25, as Fewer Mills Start Crushing Operations, Reports ET
  • Panchayats in India Face Revenue Challenges, Averaging Just Rs 59 Per Capita in Tax Collection (2017-2022); Many States Lack OSR Rules or Encounter Administrative Hurdles, Reports ET.
  • Retail Tomato Prices Drop 22.4% MoM to Rs 52.35/kg in November Amid Improved Supplies, While Wholesale Prices at Delhi's Azadpur Mandi Fall Nearly 50%, Reports Consumer Affairs Ministry, BS.
  • Smartphone PLI Scheme Delivers 19x Returns, Contributing Rs 1.10 Lakh Crore to the Exchequer from Rs 5,800 Crore in Incentives, With Rs 12.55 Lakh Crore Worth of Goods Produced Between FY21-FY24, Reports ET​.
  • India's Q2 FY25 GDP Growth Set to Hit Six-Quarter Low Amid Manufacturing Slowdown, With RBI Revising Forecast to 6.8%, Down from 7%, Reports BS.

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