market-summery-03feb

Summary of the Market

On ​February ​0​1, the benchmark Nifty Index rose by 0.11% to close at 23482.2. The Nifty Midcap150 Index fell by 0.39% to close at 19773.4. The Nifty Smallcap250 Index fell by 0.66% to close at 15955.5. The Nifty Total Market Index fell by 0.01% to close at 12158.2.​ Currency and Bond market were closed.

Important Notables

  • ET reports that the government plans to set a time limit on provisional trade consignment assessments to reduce uncertainty and costs for exporters.
  • ET reports that the Indian government has increased the solar scheme budget by 80% to ₹20,000 crore for FY26./li>
  • ET reports that the government plans to introduce alternative financing models, including export factoring services and trade credit insurance, to support MSME exporters.
  • BS reports that the Pay Commission will have no immediate impact on the FY26 Budget, says Expenditure Secretary.
  • ​BS reports that CBDT Chairman Ravi Agrawal confirms no plans to phase out the old tax regime.
  • BS reports that Donald Trump imposes 25% tariffs on Canada and Mexico, and 10% on China.
  • BS reports that India Inc is assessing the impact of U.S. President Donald Trump's initial tariffs imposed on Saturday.
  • ​BS reports that Pakistan's economy struggled to grow in the first seven months of the fiscal year despite a 10% interest rate cut.

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