market-summery-19dec

Summary of the Market

On December 17, the benchmark Nifty Index fell by 1.35% to close at 24336.0. The Nifty Midcap150 Index fell by 0.66% to close at 18242.1. The Nifty Smallcap250 Index fell by 0.56% to close at 18242.1. The Nifty Total Market Index fell by 1.07% to close at 13045.3.The 10yr yield rose by 2 bps to close at 6.79%. The rupee lost 0.03% to close at 84.92 against the US Dollar.

Important Notables

  • Rupee Plummets to Record Low of 84.92 Amid Surging Trade Deficit and Equity Sell-Off, Reports BS
  • India to Impose 25% Temporary Tax on Steel Imports to Curb Cheap Chinese Influx, Reports ET
  • India's Sugar Production Drops 17% to 61.39 Lakh Tonnes by December Due to Higher Ethanol Diversion and Crushing Delays, Says ISMA, Reports ET
  • India's Milk Production Growth Slows to 3.78% in FY24, Marking the Lowest in Years, Reports BS
  • Gold Jewellery Industry Expected to Grow 14-18% in FY25 Driven by Duty Cuts and Festive Demand, Reports FE
  • India's Electrical and Electronics Industry Aims for $130 Billion by 2030; ELECRAMA 2025 to Highlight Global Opportunities, Reports ET
  • India Sees Rise in Income Tax Return Filings to 8.09 Crore in FY24, Yet Only 6.68% of Population Files Returns, Reports ET

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