Summary of the Market
On November 26, the benchmark Nifty Index fell by 0.11% to close at 24194.5. The Nifty Midcap150 Index rose by 0.05% to close at 20735.1. The Nifty Smallcap250 Index rose sharply by 0.61% to close at 17375.6. The Nifty Total Market Index rose by 0.07% to close at 12721.0.The 10yr yield rose by 1 bps to close at 6.84%. The rupee lost 0.01% to close at 84.3 against the US Dollar.
Important Notables
- ET reports that a cash decline in the banking system led the RBI to inject ₹6,956 crore.
- BS reports that infrastructure bond issuances by commercial banks in FY25 are expected to exceed ₹1 trillion, nearly double the FY24 figure.
- BL reports that India’s energy requirement growth is projected to be 5.5% YoY in FY25, up from 4.7% in FY24, driven by extreme weather conditions, according to India Ratings and Research.
- Moneycontrol reports that food inflation is expected to ease in the coming months, driven by the prospect of a bumper kharif harvest, according to the finance ministry's October economic review.
- Mint reports that FII selling has crossed ₹2 trillion in FY25 and may surpass the FY22 record.
- Mint reports that twelve states raised ₹30,790 crore on Tuesday through state government securities auctions for November, according to the RBI.
- ET reports that the Insurance Amendment Bill proposes raising the FDI limit to 100% from 74%, lowering capital requirements, and introducing a composite license for companies to offer various insurance products.
- ET reports that the government has launched a national mission to promote natural farming among 10 million farmers nationwide, with a budget allocation of ₹2,481 crore.