market-summery-16apr

Summary of the Market

On April 11, the benchmark Nifty Index advanced by 1.92%, closing at 22,828.6. The Nifty Midcap150 Index gained 1.87% to settle at 18,614.2, while the Nifty Smallcap250 Index saw a notable surge of 3.07%, ending at 14,786.3. The Nifty Total Market Index also rose significantly by 2.0%, finishing at 11,662.2. Meanwhile, the 10-year government bond yield declined by 2 basis points to 6.48%, and the Indian rupee appreciated by 0.08%, closing at 86.1 against the US Dollar.

Important Notables

  • Diesel Demand Slows: India’s diesel demand growth hit a pandemic-era low in FY 2024–25, increasing by just 2%, largely due to a slowing economy and the growing adoption of electric vehicles (ET).
  • Affordable Housing Push: HDFC Capital Advisors and Eldeco Group have launched a ₹1,500 crore platform aimed at developing residential projects in tier-2 and tier-3 cities (ET).
  • Incentive for Tools Industry: NITI Aayog has proposed a ₹12,000 crore incentive scheme to support India’s hand and power tools sector, targeting a 10% share in the global power tools market and 25% in hand tools (FE).
  • Ethanol Blending Target: India is preparing to set a new target of 30% ethanol blending in petrol by 2030, having already reached 20% by March this year (BS).
  • Seafood Exports to US: India’s seafood exporters are readying shipments of 35,000–40,000 tonnes of shrimp to the US, following the US President’s decision to pause a proposed 26% reciprocal tariff, lowering the duty to 10% (ET).
  • Domestic Demand Recovery: India’s domestic demand is showing signs of recovery, supported by a strong rabi harvest and expectations of easing inflation in Q4 of FY 2025 (ET).
  • Tariff Impact on Exporters: American buyers are requesting Indian exporters to absorb up to half of the newly imposed 10% import tariff by the US on all trade partners, excluding China (BS).
  • Coal Exchange Plan: India is planning to launch a coal exchange by FY27 to enhance market accessibility and ensure greater price transparency (FE).

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
While all efforts have been taken to make this web site as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in the Mutual Funds Sahi Hai web site.