market summery 2apr

Summary of the Market

The Nifty Index dropped 1.5%, closing at 23,165.7 on April 1. The Nifty Midcap150 declined by 0.99% to 18,931.4, while the Nifty Smallcap250 fell 0.49% to 15,030.1. The Nifty Total Market Index decreased 1.19%, closing at 11,842.8. The 10-year bond yield remained steady at 6.62%, while the rupee depreciated 0.11% to close at 85.64 against the US dollar.

Important Notables

  • GST collection in March surged 10%, reaching ₹1.96 lakh crore, driven by economic stability and improved tax compliance (ET).
  • Coal India plans to raise coal prices from ₹10 per ton to ₹20 per ton for non-coking coal and ₹10 per ton for coking coal, effective April 16, 2025 (BS).
  • Passenger vehicle sales grew 4% YoY in March, totaling 3,88,249 units, while FY25 sales rose 2% to 4.3 million units (FE).
  • UPI transactions in March hit a record ₹24.77 lakh crore, marking a 12.7% growth from February (NPCI, ET).
  • Gold prices soared 20% in 2025, reaching ₹90,750 per 10g, as global trade uncertainties drive demand for safe-haven assets (FE).
  • States and Union Territories plan to borrow ₹2.73 trillion through state government securities in Q1 FY26 (BS).
  • India's solar product exports fell 16% to $1.5 billion in 2024, impacted by shipment scrutiny and concerns over Chinese components (FE).
  • Indian Railways' freight loading increased 1.7% in FY25, with coal transport making up over 51% of total freight (FE).

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