market-summery-10mar

Summary of the Market

On March 07, the benchmark Nifty Index rose by 0.03% to close at 22552.5. The Nifty Midcap150 Index fell by 0.27% to close at 18290.6. The Nifty Smallcap250 Index rose by 0.69% to close at 14603.0. The Nifty Total Market Index rose by 0.02% to close at 11501.0. The 10yr yield remained unchanged at 6.74%. The rupee gained 0.1% to close at 86.99 against the US Dollar.

Important Notables

  • ET reports that the COP30 chair proposes a 10-year roadmap to transition away from fossil fuels.
  • ET reports that the Odisha government issues an advisory as daytime temperatures may exceed 40°C.
  • ET reports that DPIIT has asked manufacturing units to submit monthly production data from April 2022 to rebase the Index of Industrial Production to 2022-23.
  • ET reports that the EU's strict environmental regulations are a major challenge in India's ongoing free trade agreement negotiations.
  • ET reports that the government imposes a 10% duty on masoor dal and extends duty-free yellow pea imports until May 31.
  • BS reports that Hyundai's ₹31,526 crore related-party transactions are under scrutiny.
  • BS reports that India aims to become a hub for submarine cables and the global backbone.
  • BS reports that AC companies may hike prices by 4-5% due to component shortages.

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
While all efforts have been taken to make this web site as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in the Mutual Funds Sahi Hai web site.