market-summery-30dec

Summary of the Market

On December 26, the benchmark Nifty Index rose by 0.09% to close at 23750.2. The Nifty Midcap150 Index rose sharply by 0.08% to close at 21096.8. The Nifty Smallcap250 Index fell by 0.03% to close at 17667.4. The Nifty Total Market Index rose by 0.09% to close at 12662.0.The 10yr yield remain unchanged at 6.81%. The rupee lost0.05% to close at 85.16 against the US Dollar.

Important Notables

  • India Initiates Anti-Dumping Probe on LNG Fuel Tank Imports from China, Considers Potential Duties: ET
  • Exporters Request ₹750 Crore Support to Capitalize on $25 Billion Export Potential Amid Possible US Tariffs on Chinese Goods: ET
  • RBI's Unified Lending Interface Distributes ₹27,000 Crore Across 600,000 Loans: RBI Trend and Progress Report, BS Reports
  • ​India's economic growth is projected at 6.5% for FY25, following a slow start in the current fiscal, fueled by a boost in agriculture and industrial activity, reports BS.
  • India imposes a six-month restriction on low ash metallurgical coke imports from countries like Australia, China, and Russia, effective January 2025, reports ET.
  • Rupee hits an all-time low of 85.27, driven by a rising dollar index and increased importer demand, reports BS.
  • ​Indian banks' profitability rises for the sixth consecutive year, with NPAs dropping to a 13-year low of 2.7%, reports Mint citing RBI.
  • ​CSR spending by CPSEs reaches a four-year high of ₹4,911 crore in FY24, with net profits soaring by 38.66%, reports BS.
  • ​India's agricultural and processed food exports grew by 8% to $14.01 billion, with rice exports surging 13% during the April-November period of FY24, reports FE.

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