Market Movements and Key Financial Updates: Nifty Indices Rise, Rupee Gains, and Noteworthy News Highlights

Market Summary

The benchmark Nifty index rose by 0.09% to close at 24857.3 on 30-Jul. The Nifty Midcap150 index rose by 0.48% to close at 21749.5. The Nifty Smallcap250 index rose by 0.82% to close at 17983.3. The 10yr yield rose by 1 bps to close at 6.97%.
The rupee gained 0.01% to close at 83.72 against the US Dollar.

Key News

* The government collected Rs 98,681 crore from long term capital gains (LTCG) tax on listed equities in 2022-23, a 15% increase from the previous year, reports ET
* Sebi has spent Rs 62 crore in the 5 years for investor’s education activities, including for awareness of risks and volatility in F&0 segment, Parliament was informed on Tuesday, reports Moneycontrol
* Hunger in India came down to 13.7% during 2021-23 period, as per a report by UN-FAO, reports BS
* About 6 crore income tax returns have been filed for income earned in 2023-24, of which 70% were filed under the new simplified tax regime which offers lower rate of tax, reports ET
* The National Career Service portal recorded about two million active vacancies, reports ET
* Hindalco Industries plans to spend nearly $7 billion on capital expenditure over the next three-five years, reports ET
* SpiceJet has delayed paying the salaries for June. This comes weeks after the airline defaulted on its provident fund (PF) commitments, reports ET
* India’s gold demand fell 5% year on year in the quarter to June, according to the World Gold Council data, reports ET