thefiscalalchemist
KF Ace
Market Summary for Jan 06, 2025
The benchmark Nifty Index fell by 1.62% to close at 23616.1 on 06-Jan. The Nifty Midcap150 Index fell sharply by 2.52% to close at 20879.7. The Nifty Smallcap250 Index fell sharply by 2.88% to close at 17455.7. The Nifty Total Market Index fell sharply by 2.19% to close at 12543.1. The 10yr yield fell by 1 bps to close at 6.77%. The rupee gained 0.18% to close at 85.61 against the US Dollar.
Key News
The benchmark Nifty Index fell by 1.62% to close at 23616.1 on 06-Jan. The Nifty Midcap150 Index fell sharply by 2.52% to close at 20879.7. The Nifty Smallcap250 Index fell sharply by 2.88% to close at 17455.7. The Nifty Total Market Index fell sharply by 2.19% to close at 12543.1. The 10yr yield fell by 1 bps to close at 6.77%. The rupee gained 0.18% to close at 85.61 against the US Dollar.
Key News
- The Ministry of Railways has spent 76% of its allocated budgetary capital expenditure for FY25 in the first nine months of the financial year, according to estimates from Indian Railways, reports BS
- Demand buoyancy pushes services PMI to 4-month high of 59.3 in December, reports BS
- Saudi Aramco announced a price increase for its crude exports to Asia for February 2025, signalling expectations of tighter supply in its largest market, according to a report by Reuters, reports BS
- The Ministry of Steel has proposed merging NMDC Limited with KIOCL Limited in a strategic move to consolidate public sector undertakings in the steel industry, reports Moneycontrol
- India's income inequality in 2023 remained higher than it was in the 1950s, despite improvements seen in the aftermath of the pandemic, reports BS
- Regulator Central Electricity Authority (CEA) asks states to seek private capital for $107 billion transmission grid expansion, reports Moneycontrol
- Central banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which RBI's addition was 8 tonnes, as per a report by World Gold Council, reports ET
- Securitization volumes soared 80% YoY to Rs 68,000 crore in the December quarter, Domestic rating agency Icra said on Monday, reports ET
