market-summery-05mar

Summary of the Market

On ​​​M​arch ​​​​04, the benchmark Nifty Index ​f​ell by 0.17% to close at 22082.7. The Nifty Midcap150 Index ​rose by 0.16% to close at 17807.3. The Nifty Smallcap250 Index ​​r​ose ​b​y 1.15% to close at 13914.1. The Nifty Total Market Index ​r​ose​ by 0.16% to close at 11192.8.​ The 10yr yield ​rose by ​​​3 bps to close at 6.78%. The rupee gained 0.18% to close at 87.14 against the US Dollar.

Important Notables

  • ET reports that the RBI has ordered large finance companies to halt credit line renewals for businesses over concerns of disguised borrower stress.
  • BS reports that FM Nirmala Sitharaman affirmed the government's commitment to regulatory simplification and plans to introduce Jan Vishwas Bill 2.0 to decriminalize over 100 provisions.
  • FE reports that the real estate sector is set for a record ₹60,000 crore in project launches by top listed developers in Q4.
  • BS reports that high US tariffs on China, Mexico, and Canada are expected to boost Indian exports to American markets.
  • ​FE reports that states have borrowed ₹50,505 crore through state development loans (SDL), marking their highest borrowing in FY25 so far.
  • BS reports that free trade agreement tariff concessions cost India ₹94,172 crore in FY25.
  • ET reports that the RBI's $15 billion dollar-rupee swaps are helping Indian companies secure cheaper overseas loans.
  • BS reports that Adani Wilmar will acquire GD Foods to expand its value-added products portfolio.

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