thefiscalalchemist
KF Ace
Market Summary for Jan 03, 2025
The benchmark Nifty Index fell by 0.76% to close at 24004.8 on 03-Jan. The Nifty Midcap150 Index fell by 0.25% to close at 21419.3. The Nifty Smallcap250 Index fell by 0.19% to close at 17973.1. The Nifty Total Market Index fell by 0.47% to close at 12823.8. The 10yr yield fell by 1 bps to close at 6.78%. The rupee lost 0.02% to close at 85.77 against the US Dollar.
Key News
The benchmark Nifty Index fell by 0.76% to close at 24004.8 on 03-Jan. The Nifty Midcap150 Index fell by 0.25% to close at 21419.3. The Nifty Smallcap250 Index fell by 0.19% to close at 17973.1. The Nifty Total Market Index fell by 0.47% to close at 12823.8. The 10yr yield fell by 1 bps to close at 6.78%. The rupee lost 0.02% to close at 85.77 against the US Dollar.
Key News
- Italy is negotiating with SpaceX to provide secure telecommunications services for the government in a €1.5 billion, five-year deal, reports ET
- Karnataka plans to borrow ₹48,000 crore in the January-March period to support its flagship guarantee schemes. Concerns arise as half of the borrowings reportedly go towards servicing past loans, reports ET
- Growth in agri credit may top 13% in FY25: Nabard chairman Shaji KV, reports BS
- FDI in India surging as global investors see top destination: Piyush Goyal, reports BS
- In the December quarter, slower consumer demand and risk aversion to unsecured loans have led banks to report slower credit growth compared to deposit growth, reports ET
- Tata Sons has instructed its group companies to manage their own debts without relying on cross-default clauses or letters of comfort, reports ET
- Sales of daily groceries, home and personal products grew 3-5% by volume in the December quarter, reports ET
- In 2024, India's office market reached a record high in net absorption, driven by strong occupier demand in cities like Bengaluru and Mumbai. Total net absorption was 49.56 million sq ft, reports ET
