Summary of the Market
On December 27, the benchmark Nifty Index rose by 0.27% to close at 23813.4. The Nifty Midcap150 Index fell by 0.12% to close at 21071.8. The Nifty Smallcap250 Index rose by 0.27% to close at 17715.2. The Nifty Total Market Index rose by 0.08% to close at 12671.8.The 10yr yield remain unchanged at 6.79%. The rupee lost0.38% to close at 85.49 against the US Dollar.
Important Notables
- India's exports to Australia have grown by 14% since the signing of the ECTA, with significant growth in textiles, chemicals, and agriculture, reports ET.
- The Indian economy is expected to grow at 6.5-6.8% this fiscal and slightly higher at 6.7-7.3% in FY2026, driven by domestic consumption, reports BS citing Deloitte.
- Industry body CII on Sunday advocated for cuts in personal income tax rates, excise duty on fuel, and the introduction of consumption vouchers in the upcoming budget to boost consumption, reports ET.
- India's CAD slightly narrowed to $11.2 billion (1.2% of GDP) during July-September 2025, compared to $11.3 billion (1.3% of GDP) a year ago, driven by a rise in service exports, reports BS.
- Anti-dumping duty recommended on plastic imports from China, reports FE.
- Venture capital activity surges in 2024, with a 22% increase in deals and a 14% rise in funding value, reports FE.
- Government waives bank guarantees for past spectrum auctions; letters sent to Vodafone-Idea, Reliance Jio, and Bharti Airtel, reports ET.
- The government has taken a liberal approach to laptop and tablet imports for 2025, reports ET.