market-summery-04mar

Summary of the Market

On ​​​M​arch ​​​​03, the benchmark Nifty Index ​f​ell by 0.02% to close at 22119.3. The Nifty Midcap150 Index ​rose by 0.16% to close at 17778.6. The Nifty Smallcap250 Index ​fell ​b​y 0.64% to close at 13755.9. The Nifty Total Market Index ​r​ose​ by 0.05% to close at 11175.4.​ The 10yr yield ​rose by ​​​2 bps to close at 6.75%. The rupee gained 0.1% to close at 87.29 against the US Dollar.

Important Notables

  • BS reports that central government-owned major ports have grown just 3.14% in FY25 so far, hindered by a 19% drop in iron ore cargo and declining crude oil consignments.
  • BS reports that the Centre's capital expenditure in January 2025 saw a YoY rise of over 51%, driven by spending on railways, state transfers, and defence capital outlay, according to CAG.
  • ET reports that foreign direct investment in India declined 5.6% YoY to USD 10.9 billion in Q4 2024 amid global uncertainties.
  • Mint reports that India's power consumption rose slightly to 131.54 billion units (BU) in February, up from 127.34 BU a year ago.
  • BS reports that Amazon Web Services will invest $8.2 billion in Maharashtra by 2029-30 to enhance compute facilities and cloud management services.
  • Mint reports that the HSBC India Manufacturing PMI, compiled by S&P Global, dropped to 56.3 in February from 57.7 in January.
  • BS reports that the Uttar Pradesh government plans to double maize production to 2.73 million tonnes by 2027.
  • ET reports that credit monitoring by women in India rose 42% in 2024, driven by higher credit penetration in semi-urban and rural areas and among borrowers under 30.

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