market-summery-12mar

Summary of the Market

On March 11, the benchmark Nifty Index rose by 0.17% to close at 22497.9. The Nifty Midcap150 Index rose by 0.42% to close at 18106.9. The Nifty Smallcap250 Index fell by 0.65% to close at 14232.0. The Nifty Total Market Index rose by 0.15% to close at 11411.3. The 10yr yield fell by 3 bps to close at 6.72%. The rupee gained 0.14% to close at 87.19 against the US Dollar.

Important Notables

  • ET reports that FIEO, in collaboration with the International Trade Centre and with UK government support, launched the She Trades India Initiative Hub to empower women entrepreneurs.
  • ET reports that India plans to bypass US tariffs through FTAs, focusing on market access, lower import duties, and removal of non-tariff barriers.
  • BS reports that RBI data shows net sales growth of select FDI companies slowed to 9.3% in 2023-24 from 20.3% the previous year.
  • BS reports that India's edible oil imports hit a 4-year low due to depleting inventories, driven by declines in soy and sunflower oil imports.
  • FE reports that the Solar PM Suryaghar Muft Bijlee Yojana aims to install rooftop solar connections with a ₹75,021 crore outlay, allocating ₹13,175.33 crore for FY24-25.
  • ET reports that India's sugar output for 2024-25 is set to fall below consumption for the first time in eight years due to reduced sugarcane supply in key states.
  • BL reports that RBI sold over $36 billion between June and December to support the Indian Rupee, as per the government's written response in Rajya Sabha.
  • ET reports that India leads the global Net Employment Outlook at 43% for Q2 2025, surpassing the global average by 18 points, according to the ManpowerGroup Employment Outlook Survey.

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