market-summery-02jan

Summary of the Market

On December 31, the benchmark Nifty remained unchanged at 23644.8. The Nifty Midcap150 Index ​rose​ by 0.15% to close at 21141.2. The Nifty Smallcap250 Index​ rose by 0.65% to close at 17752.2. The Nifty Total Market Index ​r​ose by 0.11% to close at 12633.4.The 10yr yield ​f​ell by ​2bps to close at 6.76%. The rupee ​lost0.15% to close at 85.6 against the US Dollar.

Important Notables

  • India's total exports of goods and services in 2024 are estimated to surpass USD 814 billion, marking a 5.58% increase, according to GTRI, reports ET.
  • The output of eight key infrastructure sectors slowed to 4.3% in November 2024, compared to a 7.9% growth a year ago, reports BS.
  • The government aims to build 9 MT of wheat silo capacity over the next three years, up from the current 2.8 MT of state-of-the-art grain storage facilities, reports FE.
  • Capex declined by 12% in April-November, with the fiscal deficit at 52.5%, according to data from CGA, reports BL.
  • Coal stock at the country's thermal power plants improved to 72% as of December 30, up from 58% of the required levels during the same period last year, according to data from the Central Electricity Authority, reports FE.
  • Procurement by central public-sector enterprises from MSEs has dropped sharply by 43% to ₹773.39 crore in FY24, according to the latest edition of the Public Enterprises Survey released by the Ministry of Finance, reports BS.
  • The demerger of ITC's hotel business will come into effect on January 1, 2025, with January 6, 2025, set as the record date for shareholders, reports ET.
  • FPIs turned net buyers of G-secs in December, raising their positions to ₹2.51 lakh crore, up from ₹2.43 lakh crore a month ago, reports BL.

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