market-summery-05feb

Summary of the Market

On ​​February ​0​4, the benchmark Nifty Index rose by 1.62% to close at 23739.2. The Nifty Midcap150 Index ​r​ose by 1.38% to close at 19849.2. The Nifty Smallcap250 Index ​r​ose by 1.14% to close at 15856.0. The Nifty Total Market Index ​r​ose by 1.52% to close at 12236.5.The 10yr yield ​​rose by ​​1 bps to close at 6.7%. The rupee lost 0.03% to close at 87.09 against the US Dollar.

Important Notables

  • Government Cuts FY25 Green Bond Proceeds Target by 27% Due to Weak Investor Interest, Plans to Maintain This Level for Next Fiscal Year, reports ET.
  • SBI: RBI May Use CRR as a Regulatory Tool, with Repo Rate Cuts Likely in 2025, reports BS.
  • S&P Global Ratings: Budget for 2025-26 to Boost India's Growth via Domestic Demand and Income Tax Cuts, with the Country on Track to Achieve 4.4% Fiscal Deficit Target Despite I-T Rebate Increase, reports BS.
  • Banks Focus on Medium-Term Deposit Mobilization to Meet New Liquidity Coverage Ratio Rules and Enhance Asset-Liability Management, reports ET.
  • ​Government Likely to Increase Collateral-Free Loan for Farmers under KCC to Rs 2 Lakh from Rs 1.6 Lakh, reports BL.
  • Trai Approves Auction of Rs 17,940-Crore 5G Spectrum in the 37-40 GHz Band Across 22 Circles, reports FE.
  • The Ministry Plans to Set Up an Additional 80 GW Coal-Based Capacity Worth Rs 6.96 Lakh by FY32, reports BL.
  • ​Food and Grocery Delivery Giant Zomato Gets Relief as Tax Authorities Drop Rs 5.9 Crore GST Demand, reports FE.

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