market-summery-20feb

Summary of the Market

On ​​February ​​19, the benchmark Nifty Index ​f​ell by 0.05% to close at 22932.9. The Nifty Midcap150 Index ​rose by 1.46% to close at 18644.9. The Nifty Smallcap250 Index ​rose sharply 2.25% to close at 14588.7. The Nifty Total Market Index ​​rose​ by 0.64% to close at 11653.8.Currency markets were closed on account of Chhatrapati Shivaji Maharaj Jayanti.

Important Notables

  • High-frequency indicators, including vehicle sales and GST E-way bills, signal a sequential pickup in economic activity in H2 FY25, with momentum expected to sustain, says the RBI Bulletin, reports ET.
  • India's economy is set for a boost as rural demand improves and urban consumption benefits from recent tax relief, says the RBI Bulletin, reports ET.
  • India's net FDI fell to $1.18 billion in April-December 2024 from $7.84 billion a year earlier, driven by higher repatriation and overseas investments by Indian firms, reports BS.
  • Outward remittances under RBI's Liberalised Remittance Scheme fell 10.15% YoY to $22.82 billion in April-December FY25, reports BS.
  • To facilitate rural property monetization, the government plans to grant property titles to 40 million rural families in 3.46 lakh villages across 31 states and UTs by FY26-end, reports FE.
  • India's petroleum product exports rose 3.3% in volume during April-January YoY, reports FE.
  • US President Donald Trump's 25% import duties on steel and aluminum could impact India's engineering goods exports worth $5 billion annually, reports BL.
  • The five southern states collectively hold just over one-third of Maharashtra's average assets under management in January, reports BL.

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