market-summery-8apr

Summary of the Market

The benchmark Nifty Index witnessed a sharp decline of 3.24%, closing at 22,161.6 on April 7. The Nifty Midcap150 Index followed suit, falling by 3.59% to end at 18,005.1, while the Nifty Smallcap250 Index plunged 3.99% to settle at 14,190.2. The Nifty Total Market Index also dropped by 3.4%, closing at 11,293.2. Meanwhile, the 10-year bond yield held steady at 6.53%, and the rupee depreciated by 0.43%, ending at 85.77 against the US Dollar.

Important Notables

  • The Indian government has increased the excise duty on petrol and diesel by ₹2 per litre, effective April 8, 2025, according to ET.
  • LPG prices will rise by ₹50 starting Tuesday, April 8, as per an official announcement made on Monday, Mint reported.
  • India’s merchandise exports to the US may decline by $5.76 billion (6.41%) in 2025 due to higher tariffs imposed by the Trump administration, reports Mint citing GTRI.
  • The rupee recorded its sharpest single-day drop in 26 months amid escalating global trade war tensions, wiping out all its gains of 2025, reports BS.
  • Under the Tarun Plus category of the PM Mudra Yojana (PMMY), lenders have added around 25,000 beneficiaries in just four months of FY25, offering enhanced loans of up to ₹20 lakh, reports BS.
  • The government has clarified that Indian companies in sectors where FDI is restricted can still issue bonus shares to existing non-resident shareholders, reports BS.
  • The Reserve Bank has commenced its bi-monthly monetary policy review, with expectations of a 25 bps rate cut aimed at easing inflation and addressing global pressures from Trump-era tariffs, reports ET.
  • Despite trade war concerns, India is projected to achieve economic growth between 6.3% and 6.8% in FY26, according to ET.

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