market-summery-07mar

Summary of the Market

On March 06, the benchmark Nifty Index rose by 0.93% to close at 22544.7. The Nifty Midcap150 Index rose by 0.55% to close at 18341.0. The Nifty Smallcap250 Index rose by 1.49% to close at 14503.3. The Nifty Total Market Index rose by 0.98% to close at 11499.2. The 10yr yield fell by 3 bps to close at 6.74%. The rupee lost 0.03% to close at 87.08 against the US Dollar.

Important Notables

  • ET reports that India is expected to sustain a steady 6.5% GDP growth in FY 2026, supported by normal monsoons and soft commodity prices.
  • BS reports that RBI's new measures to inject about 1.87 trillion in liquidity before the financial year-end squeeze signal its aim to move the system into surplus for better policy rate transmission.
  • BS reports that while the domestic mutual fund industry has witnessed a record surge in SIP registrations, it also faces a growing trend of premature SIP account closures.
  • BS reports that e-way bill generation for goods transport slowed to 14.7% YoY in February, down from 23.1% in January.
  • FE reports that the government's market intervention for this fiscal year has ended, with FCI offloading 3 MT of surplus wheat stocks in the open market.
  • Moneycontrol reports that, according to a Crisil report, the US-initiated tariff war may disrupt global supply chains and impact India's exports, especially in textiles, pharmaceuticals, and auto components.
  • ET reports that net 5G base stations have plunged in recent quarters, highlighting a sharp decline in network-building capital expenditures by Reliance Jio and Bharti Airtel.
  • TH reports that auto retail sales dropped 7% YoY in February 2025, with all segments witnessing negative growth.

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