Marketing Highlights
Summary of the Market
On December 31, the benchmark Nifty remained unchanged at 23644.8. The Nifty Midcap150 Index rose by 0.15% to close at 21141.2. The Nifty Smallcap250 Index rose by 0.65% to close at 17752.2. The Nifty Total Market Index rose by 0.11% to close at 12633.4.The 10yr yield fell by 2bps to close at 6.76%. The rupee lost0.15% to close at 85.6 against the US Dollar.
Important Notables
- India’s total exports of goods and services in 2024 are estimated to surpass USD 814 billion, marking a 5.58% increase, according to GTRI, reports ET.
- The output of eight key infrastructure sectors slowed to 4.3% in November 2024, compared to a 7.9% growth a year ago, reports BS.
- The government aims to build 9 MT of wheat silo capacity over the next three years, up from the current 2.8 MT of state-of-the-art grain storage facilities, reports FE.
- Capex declined by 12% in April-November, with the fiscal deficit at 52.5%, according to data from CGA, reports BL.
- Coal stock at the country’s thermal power plants improved to 72% as of December 30, up from 58% of the required levels during the same period last year, according to data from the Central Electricity Authority, reports FE.
- Procurement by central public-sector enterprises from MSEs has dropped sharply by 43% to ₹773.39 crore in FY24, according to the latest edition of the Public Enterprises Survey released by the Ministry of Finance, reports BS.
- The demerger of ITC’s hotel business will come into effect on January 1, 2025, with January 6, 2025, set as the record date for shareholders, reports ET.
- FPIs turned net buyers of G-secs in December, raising their positions to ₹2.51 lakh crore, up from ₹2.43 lakh crore a month ago, reports BL.
