market-summery-13dec

Summary of the Market

On December ​11, the benchmark Nifty Index ​f​ell by 0.13% to close at 24641.8. The Nifty Midcap150 Index rose by 0.32% to close at 21879.6. The Nifty Smallcap250 Index rose by 0.19% to close at 13193.6. The Nifty Total Market Index rose by 0.12% to close at 13168.0.The 10yr yield fell by ​1 bps to close at 6.73%. The rupee lost 0.04% to close at 84.85 against the US Dollar.

Important Notables

  • The Asian Development Bank on Wednesday has revised India's FY25 growth forecast to 6.5%, down from the earlier estimate of 7%, reports BS.
  • India has extended the import management system for specific IT products, including laptops and tablets, until December 31 next year, reports ET.
  • The government may address the issue of the inverted duty structure for products in sectors like aluminum in the upcoming Budget to promote domestic manufacturing, reports ET.
  • The Ministry of Corporate Affairs has launched e-adjudication and e-consultation platforms to streamline legal processes and create a business-friendly regulatory environment, reports ET.
  • India's finished steel imports totaled 5.768 million tonnes in April-October 2024, marking a 42.1% year-on-year increase, reports BS.
  • Executives from leading FMCG companies expect market growth rates to improve by FY26, as the urban slowdown may ease by then, reports FE.
  • Reliance NU Suntech has secured a 930 MW solar energy contract for a battery energy storage system project from the Solar Energy Corporation of India through an e-reverse auction, reports FE.

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