Nifty Index Rises, Rupee Gains Amid Mixed Market Performances and Key Economic Developments

Market Summary

The benchmark Nifty index rose by 0.74% to close at 24044.5 on 27-Jun. The Nifty Midcap150 index rose by 0.21% to close at 20723.2. The Nifty Smallcap250 index fell by 0.56% to close at 16999.6. The 10yr yield rose by 1 bps to close at 7.03%.
The rupee gained 0.16% to close at 83.43 against the US Dollar.

Key News

* RBI finds 28 debt schemes with assets of 21.76-lakh cr under stress in April, reports
* The illegal betting market, is expected to grow by 30% in the coming years, reports
* Foxconn plans to begin manufacturing Al servers, at its Indian facilities, reports ET
* Water levels in reservoirs still low, down 22% on year, reports FE
* India’s drug regulator has ordered the closure of over 36% of its 400 drug manufacturing units since last year due to concerns over sub-standard cough syrups, reports ET
* RBI revises framework for currency swap arrangements with South Asian Association for Regional Cooperation (Saarc) countries, reports BS
* Sebi on Thursday eased the delisting framework to allow promoters a fair shot at taking their companies private, reports BS
* Investment by FPls in government securities under the FAR has surged 90% to Rs 1.83 trillion as of June 26, from Rs 96,661 crore at the end of September last year, according to the Clearing Corporation of India data, reports FE

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