market-summery-5nov

Summary of the Market

On November 04, the benchmark Nifty Index rose by 1.27% to close at 23995.3. The Nifty Midcap150 Index rose by 1.21% to close at 20767.4. The Nifty Smallcap250 Index rose by 1.84% to close at 17609.5. The Nifty Total Market Index rose by 1.36%to close at 12703.9. The 10yr yield rose by 1 bps to close at 6.8%. The rupee gained 0.07% to close at 84.11 against the US Dollar.

Important Notables

  • ET reports that Oil & Gas has become the first Indian oil and gas company to join the UN's OGMP 2.0, committing to a five-year methane reduction target.
  • Markets regulator Sebi has allowed mutual funds to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities, according to BS.
  • As a result of a sharp slowdown in loan growth and aggressive deposit efforts, the bank's incremental loan-to-deposit ratio fell to 77.7% in October, the lowest in 30 months, according to ET.
  • The manufacturing PMI in India has rebounded to 57.5 in October after falling to an eight-month low, according to BSI
  • In order to prepare for unexpected events, the government's CEA is seeking collaboration with weather agencies to access better environmental data.
  • The cigarette industry is targeting a revenue growth of 9% -10% this fiscal year, up from 10% the previous year, according to a CRISIL Ratings report.
  • After devastating floods, Bangladesh received the lowest offer of $477 per tonne for 50,000 tonnes of rice from India, reports ET.
  • ET reports that the IMF's Asia and Pacific Department director says India must implement substantial structural reforms and achieve a growth rate higher than 6.5% to meet its 2047 advanced economy goal.

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
While all efforts have been taken to make this web site as authentic as possible, please refer to the print versions, notified Gazette copies of Acts/Rules/Regulations for authentic version or for use before any authority. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in the Mutual Funds Sahi Hai web site.