market-summery-11dec

Summary of the Market

On December ​10, the benchmark Nifty Index ​f​ell by 0.04% to close at 24610.1. The Nifty Midcap150 Index rose by 0.28% to close at 21809.1. The Nifty Smallcap250 Index rose by 0.29% to close at 18450.6. The Nifty Total Market Index rose by 0.12% to close at 13168.0.The 10yr yield fell by ​1 bps to close at 6.72%. The rupee lost 0.01% to close at 84.88 against the US Dollar.

Important Notables

  • S&P Global Ratings' India Outlook, reported by ET, predicts the Indian economy will grow by 6.8% in 2024-25 and 6.9% in 2025-26, fueled by urban consumption, services, and infrastructure investment.
  • Maharashtra, Tamil Nadu, Haryana, and Karnataka are leading India's EV manufacturing ecosystem, housing over 200 of the 257 manufacturing facilities and engineering research and design units, reports BS.
  • Cement prices in India are climbing after months of stagnation, driven by rising demand from the real estate and infrastructure sectors, reports ET.
  • The government has set a provisional target of constructing 10,421 km of national highways this financial year, 15% less than last year's achievement, reports FE.
  • Tamil Nadu has outperformed in its contribution to the national economy, with the industry and services sectors driving a 14% increase in GSDP for 2022-2023, reports BS.
  • The Union government has ordered the inclusion of solar cells in the approved list of models and manufacturers starting June 1, 2026, to promote domestic manufacturing, reports Moneycontrol.
  • The life insurance industry saw a 4.5% YoY decline in premiums, collecting ₹25,306 crore in November this year, compared to ₹26,494 crore in November last year, according to Life Insurance Council data, reports ET.
  • Freight traffic on Indian railways is slowing, with the first eight months of FY25 showing only a 2.1% growth in volumes compared to the same period last year, reports FE.

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