market-summery-03mar

Summary of the Market

On ​​February ​​​2​8, the benchmark Nifty Index ​f​ell by 1.86% to close at 22124.7. The Nifty Midcap150 Index ​fell sharply by 2.34% to close at 17750.6. The Nifty Smallcap250 Index ​fell sharply 2.5% to close at 13844.5. The Nifty Total Market Index ​​fell sharply​ by 2.13% to close at 11169.9.​ The 10yr yield ​rose by ​​​1 bps to close at 6.73%. The rupee lost 0.26% to close at 87.38 against the US Dollar.

Important Notables

  • BS reports that the Trump administration may exclude government spending from GDP, masking the impact of DOGE cuts.
  • BS reports that India will remain the fastest-growing major economy with 6.5% growth in FY26, according to the IMF.
  • BS reports that JSW-POSCO will set up a mega steel plant in Keonjhar district, says CM Majhi.
  • BS reports that CIL has waived the financial coverage charge for non-power sector consumers.
  • ​Moneycontrol reports that cryptocurrencies surged on Sunday after President Donald Trump praised digital assets, including the Ripple-associated XRP token, Solana, and Cardano.
  • ET reports that India's logistics and warehousing sector is rapidly evolving, with significant growth in 12 emerging tier 2-3 cities.
  • ET reports that Nepal has emerged as a South Asian haven for money laundering amid FATF grey-listing.
  • ET reports that real estate project registrations fell to 19,760 in 2024 from 22,143 in 2023 and 25,230 in 2022, as developers turned cautious after a two-year bull run.

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