market-summery-3apr

Summary of the Market

Nifty Index rose 0.72% to 23332.3 on 02-Apr, with Midcap150 up 1.42% (19200.8) and Smallcap250 up 1.0% (15179.8). The Total Market Index gained 0.92% (11951.2). The 10yr yield fell 7 bps to 6.55%, and the rupee gained 0.16% to 85.5/USD.

Important Notables

  • India's venture debt market grew 58% (2018-24) to $1.23B, reports ET.
  • Trump imposes 26% tariffs on Indian imports, reports BS.
  • Wheat procurement for 2025-26 surpasses 1 MT, reports FE.
  • UP leads in toll revenue (₹7,060 Cr), followed by Rajasthan & Maharashtra, reports ET.
  • Palm oil imports rose 13.2% in March (423,000 tons), while soyoil imports surged 24%, reports ET.
  • NHAI highway construction up 9% (5,614 km) in FY25, reports BS.
  • HSBC India Manufacturing PMI rose to 58.1 in March, reports BS.
  • India may cut EV import tariffs as Trump seeks levies, reports Mint.

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