Summary of the Market
On February 05, the benchmark Nifty Index fell by 0.18% to close at 23696.3. The Nifty Midcap150 Index rose by 0.74% to close at 19995.7. The Nifty Smallcap250 Index rose by 1.57% to close at 16104.4. The Nifty Total Market Index rose by 0.31% to close at 12274.2.The 10yr yield remained unchanged at 6.7%. The rupee lost 0.32% to close at 87.37 against the US Dollar.
Important Notables
- India's Cash Crunch Eases Significantly After RBI Implements Aggressive Liquidity Measures Amid Slowing Economic Growth, reports ET.
- RBI Considers 25 Basis-Point Rate Cut to Boost Consumption-Led Growth Ahead of Union Budget 2025, in Line with Current Economic Climate, reports ET.
- Government Extends Ban on De-Oiled Rice Bran Exports Until September 30, 2025, to Control Domestic Prices and Ensure Cattle Feed Availability, reports ET.
- Government Expands Quality Compliance Requirements with Mandatory Quality Control Orders for Over 150 Products, Including Household Appliances and Industrial Materials, reports BS.
- Adani Wilmar to Rebrand and Boost Investment in Food and FMCG Following Adani Group's Exit from the Joint Venture at the End of FY25, reports FE.
- Despite Rising MSP and Increased Grain Handling Costs, Government Projects Flat Growth for Food Subsidy in the Next Financial Year, Compared to Revised Estimate for the Current Year, reports FE.
- India's Gold Demand in 2025 Projected to Stay Robust at 700-800 Tonnes, Despite a 31% Increase in Value in 2024, says World Gold Council, reports BL.
- Adani Green Energy in Talks with Indian Banks, Both State-Owned and Private, to Secure $2-2.5 Billion Funding for Rapid Capacity Expansion Over the Next 6-8 Months, reports BL.