market-summery-26nov

Summary of the Market

On November 25, the benchmark Nifty Index rose by 1.32% to close at 24221.9. The Nifty Midcap150 Index rose by 1.53% to close at 20725.7. The Nifty Smallcap250 Index rose sharply by 2.11% to close at 17269.6. The Nifty Total Market Index rose by 1.49% to close at 12712.2.

Important Notables

  • Credit card spending surged to Rs 2 trillion in October, marking a 14.5% increase from September, fueled by festival season shopping, reports BS.
  • ​Inoperative EPF accounts have risen five-fold, totaling Rs 8,505.23 crore in FY24, up from Rs 1,638.37 crore in FY19, reports ET.
  • The Microfinance Industry Network (MFIN) has lowered the micro-lender limit per client from four to three, effective January 2025, to ensure adequate time for compliance, reports BS.
  • S&P Global has revised India's GDP growth forecast to 6.7% for FY26 and 6.8% for FY27, reports BS.
  • The Ministry of Consumer Affairs will send 150 tonnes of onions by road to Jammu and Kashmir to tackle rising prices, reports Mint.
  • The Cabinet has approved three railway multitracking projects worth ₹7,927 crore to enhance connectivity, ease travel, and reduce logistics costs, oil imports, and CO2 emissions, reports ET.
  • The finance ministry said on Monday that a bumper kharif harvest is expected to reduce food inflation in the coming months, reports BS.
  • The government said on Monday that creditors have recovered approximately Rs 3.55 lakh crore through the resolution of 1,068 cases under the insolvency law till September this year, reports ET.

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