market-summery-4nov

Summary of the Market

On November 01, the benchmark Nifty Index rose by 0.41% to close at 24304.3. The Nifty Midcap150 Index rose by 0.69% to close at 21021.1. The Nifty Smallcap250 Index rose by 1.06% to close at 17938.8. The Nifty Total Market Index rose by 0.61%to close at 12878.7. The rupee gained 0.02%% to close at 84.06 against the US Dollar.

Important Notables

  • BS reports that a high-level government panel will soon decide whether the Gati Shakti National Masterplan data can be shared with the private sector on a limited basis.
  • BS reports that The Indian EV market sees a festive season boost, reversing a recent slump. Registrations reached 217,716, up 35% from 160,237 units sold in September.
  • There were 41% of workers on contract in the formal manufacturing sector in FY23, according to ASI data.
  • Reports BS: Banks, FIMMDA discuss MIBOR replacement with a 50-50 weighting between TREPS and CHROMs (Collateralised Borrowing and Lending Obligations in the Overnight Money Market).
  • ET reports that the FSSAI sets stricter rules for antibiotics in food
  • ET reports that the Ministry of Corporate Affairs plans to amend the Insolvency and Bankruptcy Code to include a creditor-led resolution framework and a group insolvency mechanism.
  • According to ET, liquor sales in October surged due to festive occasions and gifting trends, with states such as West Bengal, Delhi, and Telangana reporting significant increases.
  • BS reports that foreign portfolio investors continued to pour funds into the Indian primary equity market in October despite their exodus from the secondary market.

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