market-summery-18mar

Summary of the Market

On March 17, 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 fell by 3 bps to close at 6.74%. The rupee lost 0.03% to close at 87.08 against the US Dollar.

Important Notables

  • Mint reports that India's wholesale inflation rose to 2.38% in February from 2.31% in January, according to the Union Commerce Ministry's provisional data.
  • Mint reports that the Centre's net direct tax collection has reached ₹21.26 trillion this fiscal, achieving 95% of the revised full-year target.
  • Mint reports that EPFO reached a record 2.16 crore auto-claims settlements this fiscal, up from 89.52 lakh in 2023-24.
  • BS reports that India's trade deficit dropped to a three-year low of $14.05 billion in February, while exports declined by 10.9%.
  • BS reports that RBI raised the state bond auction amount for Tuesday to ₹52,120 crore from ₹40,120 crore.
  • BS reports that RBI increased the state bond auction amount for Tuesday to ₹52,120 crore from ₹40,120 crore.
  • ET reports that Union Minister Harsh Malhotra announced 40,943 applications were filed under the Insolvency and Bankruptcy Code, with 28,818 resolved pre-admission, involving ₹10 lakh crore.
  • ET reports that banks wrote off ₹16.35 lakh crore in bad loans over the past decade, with the highest write-off of ₹2.36 lakh crore in 2018-19.
  • Mint reports that Tata Motors and Maruti Suzuki will hike vehicle prices by up to 4% from April 2025 to offset rising input costs.

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