market-summery-29nov

Summary of the Market

On November 2​​​8, the benchmark Nifty Index​ fell by 1.49% to close at 23914.2. The Nifty Midcap150 Index rose by 0.01% to close at 20839.9. The Nifty Smallcap250 Index rose sharply by 0.14% to close at 17577.8. The Nifty Total Market Index ​f​ell by 0.73% to close at 12706.2.The 10yr yiel​d rose by ​​​1 bps​ to close at 6.81%. The rupee ​​l​ost 0.07% to close at 84.47 against the US Dollar.

Important Notables

  • Govt Moves to Fill 59% Vacant Independent Director Posts at CPSEs: ET Report
  • Onion Prices Surge to 5-Year High of ₹15-53/kg; Exports Rise 50%, Nafed Sells at ₹35/kg; Easing Likely by Mid-December: reports​ ET
  • US Tariffs on China Could Impact India Most; Diverted Exports Pose Risks, Warns Crisil: ET​ Report
  • India's Gig Economy to Grow at 17% CAGR, Reach $455 Billion by 2024, and Add 90 Million Jobs by 2030: BS
  • India's Cooperative Sector to Create 55-56 Million Self-Employment Opportunities by 2030, Contributing 10% to GDP: reports​ BS
  • Edible Oil Prices in India Likely to Drop Up to 9% by Mid-December Amid Global Production Surge and Indonesia's Policy Shift: reports​ ET
  • India's Iron Ore Production Grows 4.1% to 158.4 MT in Apr-Oct; Manganese, Bauxite, and Aluminium Output Also Increase: reports​ FE

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