market-summery-19nov

Summary of the Market

On November ​​18, the benchmark Nifty Index fell by 0.​3​4% to close at 23453.8. The Nifty Midcap150 Index fell by ​0.​18% to close at 20068.6. The Nifty Smallcap250 Index fell by 0.64% to close at 16693.3. The Nifty Total Market Index fell by 0.3%to close at 12344.3. The 10yr yield remained unchanged at 6.83%. The rupee ​gained 0.01% to close at 84.42 against the US Dollar.

Important Notables

  • India to Transform Maritime Sector by 2047 with ₹80 Lakh Crore Investment: Boosting Port Capacity and Shipbuilding, Reports ET.
  • ​Urban Unemployment Rate Hits Record Low of 6.4% in Q2 FY25, Driven by Sharp Decline in Female Unemployment, Says PLFS Report, BS.
  • The government is set to surpass its ₹22 trillion direct tax collection target for this financial year, based on the current tax receipt trends, according to CBDT Chairperson Ravi Agarwal, reports Mint.
  • The Indian government is opposing RBI proposals that would require banks to allocate more funds for infrastructure projects and hold additional liquid assets against online deposits, reports ET.
  • Morgan Stanley has lowered India's FY25 growth forecast to 6.7% from 7%, citing weaker-than-expected second-quarter data, reports ET.
  • Adani Green Energy is investing USD 35 billion over five years to develop large-scale solar, wind, and hybrid power plants across India, reports ET.
  • ​Union Finance Minister Nirmala Sitharaman stated on Monday that banks must make interest rates more affordable to reduce borrowing costs, reports FE.
  • The Union government has revised the capital restructuring guidelines for CPSEs, incorporating provisions on share buybacks and dividends, to better align with market conditions and strengthen financial restructuring, according to Moneycontrol.

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
While all efforts have been taken to make this web site as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in the Mutual Funds Sahi Hai web site.