Marketing Highlights
Summary of the Market
On 21-Apr,The Nifty Index advanced 1.15%, closing at 24,125.6, while the Nifty Midcap150 surged 2.21% to 19,863.7. The Nifty Smallcap250 gained 1.94%, ending at 15,751.8, and the Nifty Total Market Index rose 1.5% to 12,367.9.The 10-year government bond yield eased by 2 bps to 6.39%, and the Indian rupee appreciated by 0.28%, settling at 85.16 against the US Dollar.
Important Notables
- EPFO Job Creation: Net formal job creation rose to 1.6 million in February, up 3.99% YoY, with 0.74 million new subscribers.
- RBI Regulation: RBI mandates an additional 2.5% run-off factor on digital retail deposits. BS
- Infrastructure Output: Infrastructure output grew 3.8% YoY in March on strong steel and cement production. ET
- Natural Gas Imports: Import bill rose 13% to $15.2 billion in FY25, says PPAC. FE
- Steel Tariff: India to impose a 12% temporary tariff on steel to curb cheap China imports. Mint
- India-US Trade Talks: India aims to finalize the first tranche of a bilateral trade agreement with the US by October, says FM Sitharaman. BS
- Private Capex Outlook: Private sector capex may slow as tariffs lead companies to defer new plans, says Goldman Sachs. FE
- Wind Energy Growth: India may add 6–7 GW of wind capacity in FY25, up from 4.15 GW last year. ET
