market-summery-21apr

Summary of the Market

The benchmark Nifty Index climbed 1.77%, closing at 23,851.7 on April 17. The Nifty Midcap150 Index advanced by 0.58% to finish at 19,433.4, while the Nifty Smallcap250 Index rose 0.45%, ending at 15,452.1. Additionally, the Nifty Total Market Index gained 1.27%, settling at 12,185.7. Meanwhile, the 10-year government bond yield declined by 2 basis points to close at 6.41%. The Indian rupee appreciated by 0.29%, ending at 85.4 against the US Dollar.

Important Notables

  • Adani Green Energy Ltd’s contentious 7 GW manufacturing-linked solar power project in Andhra Pradesh has received regulatory clearance, according to BS.
  • Tesla is reportedly in discussions with US chipmaker Micron and Indian firm CG Semi to source semiconductor components, reports ET.
  • India Inc. is experiencing a notable rise in CEO exits, with a significant number of departures from NSE-listed companies during the March quarter of 2025, reports ET..
  • The Indian government is expected to impose a 10% cap on Chinese equity investment in electronics joint ventures, with conditions tied to technology transfer and a focus on boosting local manufacturing, reports ET.
  • Indus Towers is set to announce dividends possibly exceeding ₹6,000 crore, as Vodafone Idea (Vi) prepares to clear its outstanding dues of ₹500 crore, reports ET.
  • The GST Council has waived a tax demand of ₹115 crore against Mahindra & Mahindra, reports ET.
  • Foreign Institutional Investors (FIIs) infused a substantial ₹15,000 crore into Indian equities within just three days, reports ET.
  • The electronics sector has surged to become the third-largest export segment from India, reaching a record ₹3.27 trillion ($38.6 billion) in FY2024-25, reports BS.

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