market-summery-22apr

Summary of the Market

On 21-Apr,The Nifty Index advanced 1.15%, closing at 24,125.6, while the Nifty Midcap150 surged 2.21% to 19,863.7. The Nifty Smallcap250 gained 1.94%, ending at 15,751.8, and the Nifty Total Market Index rose 1.5% to 12,367.9.The 10-year government bond yield eased by 2 bps to 6.39%, and the Indian rupee appreciated by 0.28%, settling at 85.16 against the US Dollar.

Important Notables

  • EPFO Job Creation: Net formal job creation rose to 1.6 million in February, up 3.99% YoY, with 0.74 million new subscribers. ET
  • RBI Regulation: RBI mandates an additional 2.5% run-off factor on digital retail deposits. BS
  • Infrastructure Output: Infrastructure output grew 3.8% YoY in March on strong steel and cement production. ET
  • Natural Gas Imports: Import bill rose 13% to $15.2 billion in FY25, says PPAC. FE
  • Steel Tariff: India to impose a 12% temporary tariff on steel to curb cheap China imports. Mint
  • India-US Trade Talks: India aims to finalize the first tranche of a bilateral trade agreement with the US by October, says FM Sitharaman. BS
  • Private Capex Outlook: Private sector capex may slow as tariffs lead companies to defer new plans, says Goldman Sachs. FE
  • Wind Energy Growth: India may add 6–7 GW of wind capacity in FY25, up from 4.15 GW last year. ET

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