Market Moves and Key News: A Snapshot of the Latest Financial Trends

Market Summary

The benchmark Nifty index rose by 0.09% to close at 24323.85 on 05-Jul. The Nifty Midcap150 index rose by 0.65% to close at 21352.5. The Nifty Smallcap250 index rose by 0.68% to close at 17712.3. The 10yr yield rose by 1 bps to close at 7.03%.
The rupee rose 0.03% to close at 83.49 against the US Dollar.

Key News

* India will be unable to plug jobs gap even with 7% growth, says Citigroup, reports
BS
* Commerce ministry targets $100 billion electronics, textile exports by FY30, reports BS
* HDFC Capital bets big on affordable housing, to invest $2 billion by the end of 2025, reports BS
* Euro slipped post-French election with a hung parliament favouring left-wing alliance, reports ET
* The Centre will refund compensation cess levied on imported goods under GST to businesses operating in special economic zones and their developers effective 2017, reports ET
* Bajaj Finance has decided to lower deposit rates by 20 basis points on its highest rate slab, bucking the industry trend, reports ET
* The IMD forecasts widespread rainfall in southern and western states due to cyclonic circulation over Andhra Pradesh coast and off-shore troughs, reports ET
* India’s coal import rose 5.3 per cent to 52.29 million tonnes in the first two months