market-summery-13mar

Summary of the Market

On March 12, the benchmark Nifty Index fell by 0.12% to close at 22470.5. The Nifty Midcap150 Index fell by 0.51% to close at 18014.2. The Nifty Smallcap250 Index fell by 0.27% to close at 14193.7. The Nifty Total Market Index fell by 0.21% to close at 11387.8. The 10yr yield fell by 1 bps to close at 6.71%. The rupee lost 0.01% to close at 87.2 against the US Dollar.

Important Notables

  • ET reports that retail inflation dropped to a 7-month low of 3.6% in February, as food inflation hit a 21-month low at 3.8%.
  • FE reports that India's industrial production growth rose to 5% in January 2025, driven by a manufacturing rebound.
  • ET reports that India's individual housing loans reached ₹33.53 lakh crore by September 2024, growing 14% YoY, with the middle-income segment holding the largest share.
  • FE reports that Moody's Ratings projects India's economic growth to exceed 6.5% next fiscal, up from 6.3% this year.
  • ET reports that Indian sugar mills are exporting but hesitant to sign new contracts due to rising domestic prices, despite export approval to clear surplus stocks.
  • BS reports that the US imposed an additional 25% tariff on steel and aluminum imports starting Wednesday, impacting MSMEs.
  • BS reports that the government launched three initiatives under the Steel Research Technology Mission of India to boost R&D in steelmaking.
  • BL reports that India's M&A activity hit a 3-year high of $18.2 billion through March, up 2.5% from $17.75 billion a year ago.

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