thefiscalalchemist
KF Ace
Market Summary for Jan 10, 2025
The benchmark Nifty Index fell by 0.4% to close at 23431.5 on 10-Jan. The Nifty Midcap150 Index fell sharply by 2.04% to close at 20252.9. The Nifty Smallcap250 Index fell sharply by 2.44% to close at 16833.4. The Nifty Total Market Index fell by 1.18% to close at 12299.8. The 10yr yield remained unchanged at 6.77%. The rupee lost 0.18% to close at 86.01 against the US Dollar.
Key News
The benchmark Nifty Index fell by 0.4% to close at 23431.5 on 10-Jan. The Nifty Midcap150 Index fell sharply by 2.04% to close at 20252.9. The Nifty Smallcap250 Index fell sharply by 2.44% to close at 16833.4. The Nifty Total Market Index fell by 1.18% to close at 12299.8. The 10yr yield remained unchanged at 6.77%. The rupee lost 0.18% to close at 86.01 against the US Dollar.
Key News
- India holds meeting with Nepal govt; wheat supply of 200,000 MT confirmed, repors BS
- Indian economy likely to remain 'a little weaker' in 2025: IMF MD, repors BS
- Despite concerns raised by the IRDAI, private sector general insurers reported a 239 % jump in commission expenses in the motor insurance segment in fiscal ended March 2024, reports The Indian Express
- India's M&A activity surged by 38% in CY24, reaching $109 billion, reports ET
Mobile phone manufacturers are requesting the Indian government to extend the PLI scheme for smartphones, reports ET - New U.S. sanctions on Russian oil producers and ships will disrupt Russian oil supply to China and India, driving up prices and freight costs, reports ET
- Adani Group to invest Rs 65K crore in Chhattisgarh power plants to enhance the power generation capacity by 6,120 MW, reports ET
- Indian Railways will run a record 13,000 train services, including 3,134 special trains, for the Maha Kumbh mela in Prayagraj in 2025, reports
