market-summery-4apr

Summary of the Market

On April 3, the Nifty Index declined by 0.35% to close at 23,250.1, while the Nifty Midcap150 and Smallcap250 rose by 0.2% and 0.7%, closing at 19,238.4 and 15,285.5, respectively. The Nifty Total Market Index fell slightly by 0.06% to 11,943.8. The 10-year yield increased by 1 basis point to 6.56%, and the rupee appreciated by 0.26%, settling at 85.28 against the US dollar.

Important Notables

  • US Tariffs: India faces a 27% levy from April 9 as part of US trade deficit reduction, reports ET.
  • Guwahati Ring Road: NHAI to invest ₹5,729 crore in a 121-km project to ease congestion, reports ET.
  • Locomotive Surge: India produced 1,681 locomotives in FY25, surpassing US & Europe, reports The Hindu.
  • Shrimp Exports Hit: US tariffs may reduce Indian shrimp competitiveness, reports BS.
  • Trade Impact: Indian agri-plastics & textiles to face 30%+ tariffs from April 9, reports ET.
  • IT Sector Pressure: US tariffs may affect Indian IT firms in retail & manufacturing, reports BS.
  • RBI Policy: FPI limits unchanged for govt securities & corporate bonds in FY26, reports BS.

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